As Prices Go Higher Because of Inflation, Invest in Your Skills

The inflation rate in the Philippines has gone up anew.

In April this year, the country’s headline inflation rose to 4.9% with food being one of the key contributors to the inflation.

The constant increase in fuel prices also contributed to the inflation caused by the conflict between Ukraine and Russia.

Almost all commodities have already increased in prices, and the average person could only grimace as they look at their receipt.

In a CNBC article,  Berkshire Hathaway Chief Executive Officer (CEO) Warren Buffett has some advice for people in these times.

According to Buffet, “be exceptionally good at something” could help you get through these times. Sharpening your skill and becoming the best at it could protect you against inflation.

Buffet also mentioned that skills are inflation-proof. This means that if the skill is in demand, people will pay for that skill no matter the price.

“Whatever abilities you have can’t be taken away from you. They can’t actually be inflated away from you,” he said.

“The best investment by far is anything that develops yourself, and it’s not taxed at all,” he added. (ASC)