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

[Nothingtodo]

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?

Saving and investing are both very important for people to secure their future, but currently, saving, especially keeping money in the bank, is definitely not appropriate due to inflation.  Again, if I say that investing in something, especially gold or Bitcoin, and it is a decision to hold it for the long term, it is definitely suitable for savings and it is free from the effects of inflation.

[Ryu_Ar1]

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?

Saving and investing are both very important for people to secure their future, but currently, saving, especially keeping money in the bank, is definitely not appropriate due to inflation.  Again, if I say that investing in something, especially gold or Bitcoin, and it is a decision to hold it for the long term, it is definitely suitable for savings and it is free from the effects of inflation.

The decline in value is at least a consideration that must be considered if we are trying to make the choice to save. Not that saving is bad because of course this is a good thing but in the end it needs to be realized that there must be more thought if you really want better profits and investment can be the answer.

Although in the end we also cannot rule out risk in this case but when the results can be comparable then I think it's okay to invest.
It's just that in this case it depends on each choice and perspective because indeed things like this must be based on self-belief so as not to let the choices we already have be considered the wrong choice because we don't believe in the path we are taking. So we only need to do according to our will because it will be very useless even if other people think that investment is very good but we don't want that as well as savings.
I still choose investment in this case but surely everyone's thoughts are different which will make pros and cons occur, even so when we have made a decision and we are sure of what we want to do then in the end we will not be in doubt about the choices we have made.

[r_victory]

As your “standard of living” improves, your spending increases. So your savings or investments will have to grow, and they will also have to be profitable, which brings us to the uncertainties of the market. I believe in “spend less than you earn”, it has worked well, you can live well without excessive luxuries, and without being stingy, you can provide comfort for yourself and your family.

[BitHodlers]

Save too much, life feels deprived; invest too much, risk anxiety spikes; do nothing, and you drift. At times, it seems like personal finance is less about math and more about social norms and emotional limits

"Save now, live better later" always comes with a asterisk: the future isn't set in stone. Most of us give up some of the present for an hypothetical tomorrow, but who figures out how much it costs to put off happiness, relationships, and real health? There is a reason so many people burn out on the FIRE movement. But failed investments hurt more than just the bank account. When the dream of "leveling up" falls apart, families, self-esteem, and even whole feelings of who you are are destroyed

Perhaps, but this implies that you will make basically no progress at all in your rate of income. Well, I understand that you can make that assumption as the majority of the work force is like this. They are just working the job that they have, with no interest or action towards improving their current situation. Sure, saving in that condition will be a rather boring game of some deprivation. But you should not be such a lazy cog in the grand wheel. You should always strive for improvement, and by diligent and hard work you will increase your rate of income continuously. I am not talking about the yearly pay raises, which are almost always under the level of inflation, despite what official numbers say. I am talking about jumps in income and promotions.

With those, the level of deprivation that you are doing will continue to sink while the rate of savings will continue to increase. Essentially it becomes a positive reinforcing loop, you work hard and earn more, then you can save more and deprive less. This will make you feel better, and you can improve your work even more while striving towards even better income.

No one tells you when you have "enough", but everyone tells you to maximum. What if the game is less about reaching for more and more about learning when to stop playing? Lots of people probably don't even want more, in my opinion. They want to feel safe, freedom, and break from that constant feeling of insecurity. But those things do not show up on a spreadsheet, so we end up chasing numbers. No wonder it never feels finished

That is their problem. There is no safety in this world, no matter what you have. There is only diversification of risk, but you will never be safe.

[Darker45]

Indeed, people only want to feel safe. They want freedom. They yearn to break free from that constant feeling of insecurity. But can they? The future is always uncertain, and by acknowledging it, people will naturally feel a bit worried, a bit insecure, anxious, and so on. And that's the beginning of the feeling of having not enough for what's to come. They toil, save, invest here and there, sacrifice a lot for an uncertain future that may not even come.

I've read a story that people who die of thirst in the desert are found with bottles of water. The reason is that they're probably afraid that if they consume it they might run out of it before they could even get out of the desert.

The price of being a human being is to miss the present in preparation for the future.

[jcojci]

Standard of living for us will be different, that is what we need to understand. But we can have savings and investment even if we don't have much income like those rich people. Savings and investment is a choice for all people but not many of them realize this.

It is better if an individual has savings and investment without improve their standard of living significantly. That is because we can live simply and not follow the standard of living. As long as we can fill our daily needs and family, that will be enough so we can savings and investment.

I will not suggest them to improve their standard of living because that will make their expenses increase. Many of them will not be ready with the increase of their expenses monthly and will complain. It is better to live simply but we have savings and investments for our children.

[GiftedMAN]

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?

The reason for doing a long time savings and a continuous investment is to better the standard of living of a person who is doing the investment and to prepare a better future for the family, notwithstanding, I think there is a need to also consider the standard of living of the person who is doing the investment. Having an improved life doesn't mean you will start living a luxury life style but you need to better your life while saying so that you can have a healthy life while you also have savings.

[Zanab247]

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?

why not, I will advise people to save and invest, because it will improve in their living when they save in the right assets. Some of the people you see around the world today doing well have some risk they embark that made them live in a standard life. I believe you know that is very easy to say that you want to live a life of standard, but you need to take  a bold step and invest on decentralized assets, you will surely live a standard life in your country.

If you have not be investing in some potential investment, please start investing in some investment you know that you have knowledge on how it works to favour investors, because they are part of source of income that will make you and your generation to live well.

[Pi$$]

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?

Saving and investing comes to play really well when you have a good source of income and can as well build your income source to become really strong that it can accommodate both your saving and investment plan. Savings is not same as investment and for you to effectively handle both, you must have built your income source to the extent that it can accommodate both.

The effect of investing with relation to how it affects ones standard of living is on a long term bases. In the long term, the proceeds of your investment can carter for most of your needs and in the process you can easily better the standard of your living. Trying to better the standard of living too early when you've not invested enough will certainly truncate your investment plan and this is the challenge most newbie investors do face because ones they start making it, the urge to upgrade themselve and leave larger comes and that becomes a serious deterrent to effective savings and investing for the long term.

For most digital assets that you can invest in, it's something you can be doing on a low key and give a close eyes to but the take is never to get distracted to the point that your investment directly pushes you to premature show off which is a sure element to draining down your investment and savings.

[EluguHcman]

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?

What else if not YES. You can not be earning and spends above your incomes and be able to meet up with other demands such future needs where you have to invest.

To everyone class of persons, if you must save a saving goal such as the investment goal and you are in the class between the Bronze and Dirt spoons, there is always that need for readjustment of your expenses which of course would affect your living lifestyles such as the unnecessary expenses, adjusting from the stability of your consumables and must be strick and disciplined so that you can be able stack the specific amount of money based on your target.

I will recommend that to be financial management where we have to cut our costs while live a lower class that might literally not be satisfying to us due to the fact we don't have sufficient funds to provide for our standard of livings and as make good savings in a period of our expectations.

Although such designated entrepreneurial plans may not be affective to those of the Golden and the Silver spoon class of people because they have a lot of money already stacked which might not be of any budget in the main time. As much some are privileged after being born in wealth.
That means you can equally provide your expected amount for the investment at any point of time due to inflows of finances in your livelihood.
Although this does not really guarantee that whatever kind of investment they want to do would be so easy to raise the finance. So, it all depends on the rate of the capital-intensive investment that is required to kickstart the investment.

So in all, the effects of your savings maybe said to be effective to your lifestyles depending on your the value of your income and expected capital to save.

[Z_MBFM]

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?

You can earn a lot of money in different ways but you will not get freedom in life. For me the most important thing is to get freedom and live a simple happy life. When you only run after money then you will always be tired and you will always be greedy for more money. Only money can never give you happiness you need freedom. So I think investing is definitely good because it will give you more money. But instead of just saving you should enjoy life. After having a strong source of income then keeping some money as a backup and then you should enjoy life.

[Accardo]

You can earn a lot of money in different ways but you will not get freedom in life. For me the most important thing is to get freedom and live a simple happy life. When you only run after money then you will always be tired and you will always be greedy for more money. Only money can never give you happiness you need freedom. So I think investing is definitely good because it will give you more money. But instead of just saving you should enjoy life. After having a strong source of income then keeping some money as a backup and then you should enjoy life.

Investing rightly is a smarter move than saving money, due to high inflation rate. Take Bitcoin for instance, the early investors are now beating inflation today. Assuming they saved the fiat the worth won't be meaningful anymore. Same applies to other strong investments like building a product or platform that yeilds money, it saves the person's finance more than keeping money in the vault.

[iv4n]

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?

There must be some standard. It's not nice to walk down the street dirty and torn, to live in dirt... Likewise, there is no need for the most expensive things, a house with 10 bedrooms and 13 toilets. One can be decent within some "normal" limits.

What is saving and what is investing? Does saving mean not spending too much money (especially on unnecessary things) and keeping it? Well, I think it's clear to everyone here that it's wrong to keep/save money... it's not difficult to research what inflation does to money, just compare what you could do 5-10 years ago and what you can do today with the same amount of money.

So if you want your "savings" to make sense, you need to invest your money in an asset that resists inflation. There are good inflation hedges and you can easily research all of them & learn more about them... Hopefully, you will find something that suits you. Or you can make it simple and just stack sats!

[Synchronice]

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?

Actively trying to save and invest has nothing to do with your ability of significantly improving the standard of living. If you want to significantly improve your life, you have to make smart investments but that's not everything, if your investment brings you a good money, then in order to improve your life, you should also start or buy a good business to get a good stream of income. Just buying Bitcoin won't give you a significantly better life, you have to be smart and use money smartly to improve your life.

[davis196]

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?

OP, I don't get the point of this forum thread.
People save money and invest in order to increase their standard of living. You are asking questions, that have an obvious answer.
By "standard of living" I understand the same thing as everyone else. There's a clear definition of the term "standard of living". You can Google it. I don't want to quote the definition here, because there's no point. You have search engines and AI chatbots, why are you asking dumb questions on a forum? Ask ChatGPT and you will get a decent answer.
Yes, some people can significantly improve their standard of living by investing, but it depends on where they invest and how they manage their risk level and portfolio.

[Inwestour]

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?

Any extremes are bad. You will not be able to live well if you constantly save and invest everything you manage to earn. Maybe if you invest what you save, someday the income will allow you to live better, but if you only save, then this is almost impossible because inflation will eat away part of what you have set aside. The best way is not to try to save as much as possible, but to aim to improve your standard of living right now.

You can do this if you earn more. So aim to increase your earnings, that way you will be able to save more, invest more, and at the same time spend part of your income to improve your life today.

[Emma34]

The standard of living refers to the level of wealth, comfort, material goods, and access to necessities available to a person or group. It includes factors like income, housing, education, healthcare, and overall well-being.

Savings and investment play a critical role in shaping and improving one’s standard of living. When an individual actively saves, they create a financial cushion for emergencies and future needs. When they invest wisely, their money has the potential to grow over time, helping them afford better housing, education, healthcare, and lifestyle options.

Yes, an individual who is consistently saving and investing can not only maintain their current standard of living but also significantly improve it over time. Compound interest, asset growth, and smart financial planning make this possible.

I would absolutely advise anyone to aim for an improved standard of living as they save and invest. Since financial growth is a long-term, continuous process, small, smart steps taken today can lead to big rewards in the future.

[KiaKia]

Keep living the way you have been living for the past years, this is the best way to grow and achieve dreams that you desire, don't be too quick to rise up, change location and start looking expensive.

I sit on a lot of money that many people would have used to do a lot of things but I want nothing of such, I dream of a easy and freedom life, having a lot of money is the only way this dream can be fulfilled.

If I choose to start spending and increasing the way I look by buying expensive shits to look rich I doubt I would fulfill my dream, I am not saying you should look wretched and dirty, I like how vitalik and Facebook owner used to dress while they worth millions.

[jaberwock]

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 is how you want to live like some wants a minimalist life but some want an extravagant one. For me, I only want a medium one since I'm not a rich person but I can say that I am poor, though I still try my best to live the life that I want. Our standard of living can be affected by how we save money and if we have an investment. I think this doesn't need a precise explanation.

On to your question, yes they can. I don't usually join people's lives but if the person is very close to me and I can see that they are struggling, then I think yeah that I will advise them on how can they improve their status. Saving and investing is not always continuous but it also depends on one's preference or goals.

[cryptomaniac_xxx]

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 is how you want to live like some wants a minimalist life but some want an extravagant one. For me, I only want a medium one since I'm not a rich person but I can say that I am poor, though I still try my best to live the life that I want. Our standard of living can be affected by how we save money and if we have an investment. I think this doesn't need a precise explanation.

Yes, but let's say that we wanted to live a good life and so with that, we need to push for a higher standard of living. Like getting a salary that is big so that we can give other kids a good life and good education.

On to your question, yes they can. I don't usually join people's lives but if the person is very close to me and I can see that they are struggling, then I think yeah that I will advise them on how can they improve their status. Saving and investing is not always continuous but it also depends on one's preference or goals.

We should go out and not live on just our means. We should be trying everything, go out of our comfort zone and see how it goes. I think that is one big life lessons for me, that I should really be try to go with different field and then belief in yourself that you can do it.

Everything is mindset, and so if you see things in your thoughts, then it will become reality.