Savings and Investment, and how it can affect standard of living.

[passwordnow]

I think liquid cash is best for people because we want safety in life and any incident could be happen at any time and there should be liquid cash in your pocket.

Liquid cash and emergency funds. So, if there will be unprecedented events or situations that have come, we're ready for the expenses. That's why it's recommended to have liquid cash and assets that we can liquidate and transform into cash asap. And in that category, Bitcoin is one of the best choice for that.

You should save most of the money which you earn on daily life from business or job and many people do different typeof jobs .

It's unfortunate to say that this is easier said than done. Many of us want to keep most of the money that we earn from our jobs or businesses but because of the responsibilities that are within us, it mostly goes to expenses.

[Cipherpz]

Savings and investments have a direct impact on our life journey. Our small savings and prudent investments help us achieve our desired future success. A planned savings is more important for financial security throughout life. It is essential to maintain one's current lifestyle over time and to develop one's future financially. The habit of small investments and the process of controlling expenses along with increasing one's income, patience and courage to face risks and planning according to current market demands will help one move forward on a comfortable path to get real financial results in the future.

[reagansimms]

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Liquid cash and emergency funds. So, if there will be unprecedented events or situations that have come, we're ready for the expenses. That's why it's recommended to have liquid cash and assets that we can liquidate and transform into cash asap. And in that category, Bitcoin is one of the best choice for that.

On the one hand, we should not ignore the role of savings because it can be used for sudden or emergency needs such as paying for medical expenses and repairing damaged household items or vehicles, you can also rely on savings as a temporary source of funds if you lose your main job.
Bitcoin is one of the best choices as an asset that can be liquidated into fiat because the process is not too complicated (especially for individuals who already have knowledge in the Crypto field), but for some people who are not directly involved with Bitcoin, they can choose gold as an asset that can be liquidated quickly.

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It's unfortunate to say that this is easier said than done. Many of us want to keep most of the money that we earn from our jobs or businesses but because of the responsibilities that are within us, it mostly goes to expenses.

To start, you need to create a realistic budget and prioritize savings over unnecessary purchases. No matter the amount, as long as you can do this consistently, you can feel more secure and prepared for emergencies without having to worry about your financial resources.

[Inwestour]

Many successful business persons today, especially those who built their fortune from the scratch would tell you, they got to that breaking point in their life when, they didn’t have a cent on their account but somehow, things turned up good when they least expected it.
That means, your money doesn’t actually belong on the bank but, should be invested to make you more money. This is why it’s more ideal to have your savings in Bitcoin since, it serves as both currency and an asset.

There are not that many stories of people who managed to achieve success starting from poverty. More often, when you start looking into it, those who like to talk about rising from nothing actually had someone who helped them at the start, either with money, connections, or both. Probably right now it is better to keep money in bitcoin than in a bank deposit, where the profit will barely be enough to cover inflation growth. But bitcoin will not bring you huge profits either, it has become too big for that.

[Cookdata]

Savings and investments have a direct impact on our life journey. Our small savings and prudent investments help us achieve our desired future success. A planned savings is more important for financial security throughout life. It is essential to maintain one's current lifestyle over time and to develop one's future financially. The habit of small investments and the process of controlling expenses along with increasing one's income, patience and courage to face risks and planning according to current market demands will help one move forward on a comfortable path to get real financial results in the future.

Savings and personal investment all relies on what you brings to the table at the end of the day. If you are earning more than what you need(not want), you can do the two at once. If you are the type that rely on check at the end of the month, after your salary you can buy all you need and then spray the rest in investment and savings or keep the rest in savings and invest some when it's time but if you don't earn well, you will find it difficult to even save.

Sometimes, people earn to save but they are saving not for emergency, not for future expenditures but to buy something they need. Their current earning isn't even enough to buy the things they need at that particular time, they can't really save any amount of money not to even talk about what how they are going to make an investment. This is why at the end of the day, people live all their lives paying bills and buying the little they can afford without any investment or personal savings.

[knowngunman]

What do you understand by standard of living how do you think it can be affected by savings and investment. For instance do you think an individual who is actively trying to save and invest can improve their standard of living SIGNIFICANTLY or even maintain the one they already have?

Would you advise an individual to try improve their standard of living as they save and invest since saving and investment is a continuous process?

Standard of living varies from individual to individual and we can not reach a definite conclusion as to what a standard of living is. Pertaining to saving and investment, one has to maintain a balance between their standard of living and their savings/investment. It doesn't make sense for one to maintain a high standard of living while they have less saving and investment. Likewise, it's unreasonable to have high savings while you live below standard of living just to maintain high savings and investment. Maintaining a balance between the two is the way forward.

[tottong]

Would you advise an individual to try improve their standard of living as they save and invest since saving and investment is a continuous process?

This is a concept that everyone should implement, as savings can help them take steps toward investing.
Although some say savings aren't very productive, in the initial stages, savings can be quite beneficial when someone can prepare capital for investing.
Most people are unable to invest due to a lack of capital which hinders them from getting started.
However, if we have sufficient savings, it will be much easier, allowing us to use the money for the investment process based on the desired percentage.

Our savings can also be used to build a business, as it's common for people to lack the capital to start.
To improve our standard of living we can create a plan for investing, and for those with capital from savings, it will be much easier to realize it.

[terrific]

If you'll ask successful businessmen on how to become successful in life, in investments, etc.
It is one thing that they'll advise to say and it's about finding a good partner, a wife/husband.

Many successful business persons today, especially those who built their fortune from the scratch would tell you, they got to that breaking point in their life when, they didn’t have a cent on their account but somehow, things turned up good when they least expected it.
That means, your money doesn’t actually belong on the bank but, should be invested to make you more money. This is why it’s more ideal to have your savings in Bitcoin since, it serves as both currency and an asset.

Many of those successful ones really have their broke stories and I believe most of them.
The majority of the successful businessmen came from zero to hero and that's all because of their life situation and they did well on overcoming it.
And their experiences have taught them a lot about life, investments and everything.

[DanWalker]

There are not that many stories of people who managed to achieve success starting from poverty. More often, when you start looking into it, those who like to talk about rising from nothing actually had someone who helped them at the start, either with money, connections, or both. Probably right now it is better to keep money in bitcoin than in a bank deposit, where the profit will barely be enough to cover inflation growth. But bitcoin will not bring you huge profits either, it has become too big for that.

Exactly, people who say they started from zero, without a penny or any help, are just making their story more dramatic and exaggerated. Because in reality, most of the rich people today come from well-off or wealthy families, and receive generous support from their families. There are very few, or perhaps very rare, people who become rich from 0.

If we want to become rich, we need to work hard and have a lot of plans, ideas and strategies...not just rely on investing in bitcoin and thinking it will make us rich. Bitcoin is no longer a get rich quick investment tool, that golden age is over.

[Pablo-wood]

Savings and investments have a direct impact on our life journey. Our small savings and prudent investments help us achieve our desired future success. A planned savings is more important for financial security throughout life. It is essential to maintain one's current lifestyle over time and to develop one's future financially. The habit of small investments and the process of controlling expenses along with increasing one's income, patience and courage to face risks and planning according to current market demands will help one move forward on a comfortable path to get real financial results in the future.

Mere savings keeps one in a perpetual loop. Savings will only increase our finance for a temporal period but investment helps build our finance for longer duration. If I save some money and over the years it yields me something big, it will look huge for that moment but the moment I fail to invest in something lucrative example buying bitcoin with the hope of a long-term return, I will end up spending the money on irrelevant things until it reduces drastically. I rather choose the idea of starting a small business over saving because investment will give me a guaranteed profit that mere saving will not.

[Versatile_choice]

What do you understand by standard of living how do you think it can be affected by savings and investment. For instance do you think an individual who is actively trying to save and invest can improve their standard of living SIGNIFICANTLY or even maintain the one they already have?

Would you advise an individual to try improve their standard of living as they save and invest since saving and investment is a continuous process?

Standard of living varies from individual to individual and we can not reach a definite conclusion as to what a standard of living is. Pertaining to saving and investment, one has to maintain a balance between their standard of living and their savings/investment. It doesn't make sense for one to maintain a high standard of living while they have less saving and investment. Likewise, it's unreasonable to have high savings while you live below standard of living just to maintain high savings and investment. Maintaining a balance between the two is the way forward.

Sure, trying to maintain a higher standard of living when we have less savings and investment does not make any sense. Some people always make this mistake of trying to maintain a high standard of living just because they have a decent job for this reason they won't think of making savings or investing into anything since they're sure of thier monthly income, without knowing that the job will not last forever. Maybe when the job is no more they start finding it hard to maintain their standard. And yes, living below our  standard just to maintain high savings and investment is also a different problem, and I agree with you when you Said about maintaining a balance between the both.... as this is the only way to deal with it.

[Juicyhome]

If you are not ready to sacrifice your choice and taste for your future then you will struggle financially even when you earn much. what guaranteed  success is money management and saving, if you lack saving it will cost you much tomorrow. No amount of money is small to save, if you read about successful businesses, you will be amazed to know that the ceo foundation was saving. Saving is good and useful when you use the saving to invest not just to save money in your bank and not using it  to invest then it's waste.

saving without investment is not a good financial stuff, because fiat has no value, when you save have an investment plan for it, then make good use of the saving. You have to suspend your desire standard of living to build your future. With time you will enjoy not in your building stage. do not follow others to enjoy today they might be using there profits from their investment, so stay smart and save more then you eat.

[Mahanton]

What do you understand by standard of living how do you think it can be affected by savings and investment. For instance do you think an individual who is actively trying to save and invest can improve their standard of living SIGNIFICANTLY or even maintain the one they already have?

Would you advise an individual to try improve their standard of living as they save and invest since saving and investment is a continuous process?

Standard of living varies from individual to individual and we can not reach a definite conclusion as to what a standard of living is. Pertaining to saving and investment, one has to maintain a balance between their standard of living and their savings/investment. It doesn't make sense for one to maintain a high standard of living while they have less saving and investment. Likewise, it's unreasonable to have high savings while you live below standard of living just to maintain high savings and investment. Maintaining a balance between the two is the way forward.

Sure, trying to maintain a higher standard of living when we have less savings and investment does not make any sense. Some people always make this mistake of trying to maintain a high standard of living just because they have a decent job for this reason they won't think of making savings or investing into anything since they're sure of thier monthly income, without knowing that the job will not last forever. Maybe when the job is no more they start finding it hard to maintain their standard. And yes, living below our  standard just to maintain high savings and investment is also a different problem, and I agree with you when you Said about maintaining a balance between the both.... as this is the only way to deal with it.

High standard of living should be that getting in line on how much you are earning and it would be that ideal that you should be that starting on trying out to assess whether you can be able to sustain it out or not. There are those individuals who cant be able to determine or be on their senses in regarding about money management on which as long they can be able to go with their preference in terms of lifestyle then they would actually be doing it despite on having those mismanagement on which these things could cause up that potential problems in the future if it wont be able to handle it well. There are those times or conditions that you wouldnt be minding up that much about those probabilities just because you've seen that it couldnt be happening or something that do talks about that you've been that confident just because you've seen that you can be able to survive or be able to sustain. There are just that those times that because of too much confidence but ending up on having no proper planning and this is where it usually ends up on disasters. Having savings should be one of your main priority because we do know that at the time that you would be neglecting out this kind of preparation and on the time that shit thing happens then you would be ending up on having that tough situation because you dont have any money that you can make use of. Also, savings isnt only for emergency purposes but also for investment and business on which you can potentially be able to make some another source of income but of course it wont be that giving out that kind of assurance but at least you have done yourself something that could give out that kind of chance or probability.

[Agbamoni]

For instance do you think an individual who is actively trying to save and invest can improve their standard of living SIGNIFICANTLY or even maintain the one they already have?

Would you advise an individual to try improve their standard of living as they save and invest since saving and investment is a continuous process?

Investment and savings cannot increase our standard of living immediately. Reason been that investment is a long term financial strategy, its meant to create wealth so we dont rely on it to live to our fullest. Investment usually takes time to grow, and ROI is mostly used for getting things we cannot get with out income. Things like buying a house, owning our dream car or starting our dream business. On the other hand savings are meant for emergencies, to solve problems that arises when we dont expect it.

[BitHodlers]

For instance do you think an individual who is actively trying to save and invest can improve their standard of living SIGNIFICANTLY or even maintain the one they already have?

Would you advise an individual to try improve their standard of living as they save and invest since saving and investment is a continuous process?

Investment and savings cannot increase our standard of living immediately. Reason been that investment is a long term financial strategy, its meant to create wealth so we dont rely on it to live to our fullest. Investment usually takes time to grow, and ROI is mostly used for getting things we cannot get with out income. Things like buying a house, owning our dream car or starting our dream business. On the other hand savings are meant for emergencies, to solve problems that arises when we dont expect it.

That is not always true. There are high risk short-term investments that make a lot of money if they are successful. As such, they are not a long term play and can increase your standard of living very fast.

If you are not ready to sacrifice your choice and taste for your future then you will struggle financially even when you earn much. what guaranteed  success is money management and saving, if you lack saving it will cost you much tomorrow. No amount of money is small to save, if you read about successful businesses, you will be amazed to know that the ceo foundation was saving. Saving is good and useful when you use the saving to invest not just to save money in your bank and not using it  to invest then it's waste.

The sad part of reality is that most people are not ready or able to sacrifice these things, and because of that most people are struggling with their finances.

[Ricardo11]

For instance do you think an individual who is actively trying to save and invest can improve their standard of living SIGNIFICANTLY or even maintain the one they already have?

Would you advise an individual to try improve their standard of living as they save and invest since saving and investment is a continuous process?

Investment and savings cannot increase our standard of living immediately. Reason been that investment is a long term financial strategy, its meant to create wealth so we dont rely on it to live to our fullest. Investment usually takes time to grow, and ROI is mostly used for getting things we cannot get with out income. Things like buying a house, owning our dream car or starting our dream business. On the other hand savings are meant for emergencies, to solve problems that arises when we dont expect it.

That is not always true. There are high risk short-term investments that make a lot of money if they are successful. As such, they are not a long term play and can increase your standard of living very fast.

You are maybe somewhat right, but you also have to keep in mind the risk, there are many investments that can bring good things in the short term, but the reality is that by investing in them, you have a 90% chance of losing money, they are almost like a lottery, where the risk of loss is much higher than the possibility of profit. So to build a secure future, you must choose the right path, and these must require a long time. A safe and patient investment strategy will always bring you success with good chances, because there is no shortcut to success.

[MissNonFall9]

I often hear from my elders that those who work hard, suffer and work patiently today have a very happy future. So I think that instead of increasing the standard of living today, it should be used for saving and investing. So that we can ensure a beautiful future. So my personal opinion is to invest. Because if you want to do something productive in life, you must invest. There is no other honest means or way to grow in life except investment.

Investment itself can also be in many ways such as investment in business, certain education and also investment in knowledge so that we ourselves can have many ways to make changes to ourselves, the final results of which we can feel ourselves in the future. Because for now hard work and smart work must be really combined well so that whatever we do can have clearer results in the future even though parents in the past may have only suggested hard work without suggesting smart work. But for now we must be able to make a difference by doing smarter work in order to save our own time and energy.

Investment is important no matter what the job is, be it education or business as you mentioned. So those who work hard need to do that effort in a smart way so that their efforts bring better results. One of those smart things is investing. Many people like saving, but they definitely don't like to take risks or don't have the ability to take risks. Savings give a person some financial security such as dealing with emergencies, small expenses or unexpected expenses that are very short-term. And those who set long-term financial goals will choose investing.

[Jawhead999]

It's better to not focus on increasing your living standard.

The right path should be.

Working > saving > high skill income/create a business > invest > achieve financial freedom > increase living standard.

Increase living standard should be the last one because it's unnecessary and you only consume your money instead of earning more. That's why if you already reach financial freedom, it should able to make you feel safe and you can do whatever you like with your extra money.

[Agbamoni]

For instance do you think an individual who is actively trying to save and invest can improve their standard of living SIGNIFICANTLY or even maintain the one they already have?

Would you advise an individual to try improve their standard of living as they save and invest since saving and investment is a continuous process?

Investment and savings cannot increase our standard of living immediately. Reason been that investment is a long term financial strategy, its meant to create wealth so we dont rely on it to live to our fullest. Investment usually takes time to grow, and ROI is mostly used for getting things we cannot get with out income. Things like buying a house, owning our dream car or starting our dream business. On the other hand savings are meant for emergencies, to solve problems that arises when we dont expect it.

That is not always true. There are high risk short-term investments that make a lot of money if they are successful. As such, they are not a long term play and can increase your standard of living very fast. 

Am glad you made mention of high risk investment as it cannot be relied on to increase your standard of living. High risk investment is another form of gambling, its either your profit or lose, but a long term investment is mostly profiting. Especially Bitcoin investment, I count vouch for any other investment, maybe Real Estate too. The problem of the current investors is that they want to get rich too fast and increase their standard of living. Go into a business if you want to get rich quick then leave investment for those who know what it truly is.

[kawetsriyanto]

Many of those successful ones really have their broke stories and I believe most of them.
The majority of the successful businessmen came from zero to hero and that's all because of their life situation and they did well on overcoming it.
And their experiences have taught them a lot about life, investments and everything.

Indeed. No one suddenly becomes a successful person. It must be achieved after dealing with obstacles or challenges. Not sure that every successful person started from the zero level, but they must be the people who never easily give up. They could increase the level of their life standard because they do hard efforts. Nothing can be achieved if someone don't have a big intention to face the obstacles/challenges. Yep, they must also get important lesson from the experience. This also become a part of the success, experience makes us to be a wiser and smarter person.