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

[slapper]

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.

Many are caught on autopilot, pushing striving for that next level. Indeed, for some people seeking promotions and working hard might produce a "positive loop". But not everyone has the same starting point. You present the entire thing as pure willpower, as if every "lazy cog" only has to grind harder and everything will click. Life does not play by those rules for everyone. Social class, health, family obligations, those impose ceilings that hard effort by itself cannot break. You call it "deprivation", but for many others it's just reality, not a motivating speech

It's also fascinating how you see safety as a fantasy, "diversification of risk," which is basically admitting the world isn't fair, but then blame people for desiring some peace. Is that not a little robotic? The need to feel safe, or to just have a break from constant pressure, is very human. You wind yourself burning out, or worse, supporting systems that never change since "that's just the way it is"

Often what you refer to as "laziness" or "failure to improve" is just exhaustion or resignation. Some folks don't require more unrelenting effort or a "bigger loop". Our true need is for a society in which slowing down is not viewed as an a weakness. Recognizing limitations, for yourself and others, generates more wisdom (and strength) than always aiming for "more"

[lionheart78]

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?

Saving and investment make one free of worry of what to use when there is an emergency.  So with savings, the person can be worry-free since he has funds to cover any unexpected expenses.  Now with investment, assuming it yields a good profit can make the standard of living of a person like a breeze.  With extra money, it can give highly improve a person's way of living by having financial freedom.  There is no need to worry about what to spend in the following days because it is all been covered with savings and investment.

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?

I would advise them to look for extra income so that saving and investment won't be a burden to them.  One cannot save or even invest if his earnings is just enough for his daily needs.

[dansus021]

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?

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

I personally always tell to my friend and family to invest or atleast saving tho saving nowadays is kind of useless when the inflation is skyrocketing but hey this is the safe option.

The Final verdict is to gain financial freedom or live without work but hmmm day dream is good isnt. But yes if you do invest and saving as early as you can you it can affect your standart of living.

[lovesmayfamilis]

How do you understand the meaning of saving? If you just imagine putting money aside without further use, then over time inflation will "eat" it, and it will turn into small change. Investments should also be meaningful in terms of understanding where and in what business you want to invest. Now a lot of enticing investment projects are being created, promising quick profits. But there is always a danger of falling into the clutches of scammers, and becoming bankrupt, trusting them with your money. Therefore, first, you should know where and why you want to invest. In addition, if you are not ready to live without this amount of money for a certain amount of time, you do not need to invest anywhere, but you need to look for additional income that would allow you to make passive income from profits. Haste always leads to mistakes, so check everything several times, and then draw conclusions.

[Pablo-wood]

The period of saving and investing is the period of sacrifice and future planning. No true investment improves standard of living immediately. It is always on a long run that the dividends of the investments made begins maturation.

Sometimes mere savings only keep the savers in perpetual loop where there repeat life cycle over and over. For one to secure the future it has to be an intentional investment plan that has a proven record of good ROI on a long term base. Anything short term are likely Ponzi or pump and dump projects so one has to be extremely wise.

[_BlackStar]

The period of saving and investing is the period of sacrifice and future planning. No true investment improves standard of living immediately. It is always on a long run that the dividends of the investments made begins maturation.

Sometimes mere savings only keep the savers in perpetual loop where there repeat life cycle over and over. For one to secure the future it has to be an intentional investment plan that has a proven record of good ROI on a long term base. Anything short term are likely Ponzi or pump and dump projects so one has to be extremely wise.

Saving without investment is basically not liquid - of course because fiat keeps losing its value. Saving is necessary - but you should use some of it to invest in assets that give you added value. The best investment assets so far are crypto - bitcoin is the best among them, but you can choose more according to your needs and plans.

For someone who doesn't have an investment budget - then saving for a certain period of time is the right first step. They can use 50% of it for investment - while the other 50% as a reserve fund, that's a pretty safe approach I think instead of using 100% for investment. Any investment basically has its own risks - so playing it safe is certainly recommended.

[Stablexcoin]

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?

Every human being has their standard of living, most people set the target too high for themselves so saving or investment becomes a problem. Anyone good in economics and finance should know how to fit their income to meet the demand of needs and certain wants, a good paycheck can still work on bills, and out of it, funds to save and invest will be ready. It will be more significant if we measure our standard of living and make it fit our income.

When you try to save and invest, be frank about how you manage your household expenses, let your standard of living be average, don't reduce or increase it because of investment or trying to show off.

[Lanatsa]

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.

Many are caught on autopilot, pushing striving for that next level. Indeed, for some people seeking promotions and working hard might produce a "positive loop". But not everyone has the same starting point. You present the entire thing as pure willpower, as if every "lazy cog" only has to grind harder and everything will click. Life does not play by those rules for everyone. Social class, health, family obligations, those impose ceilings that hard effort by itself cannot break. You call it "deprivation", but for many others it's just reality, not a motivating speech

It's also fascinating how you see safety as a fantasy, "diversification of risk," which is basically admitting the world isn't fair, but then blame people for desiring some peace. Is that not a little robotic? The need to feel safe, or to just have a break from constant pressure, is very human. You wind yourself burning out, or worse, supporting systems that never change since "that's just the way it is"

Often what you refer to as "laziness" or "failure to improve" is just exhaustion or resignation. Some folks don't require more unrelenting effort or a "bigger loop". Our true need is for a society in which slowing down is not viewed as an a weakness. Recognizing limitations, for yourself and others, generates more wisdom (and strength) than always aiming for "more"

All matters about mentality and common sense on how things should be done but since we are just that humans on which when laziness strikes or boredom or just that simply doesnt want to take up some initial step then there's no way that you can changed up your life with that. All of us does have that different conditions or struggles in life on which it do mainly affects on how we do make a living and on the decisions that we are taking. We do know that it doesnt come simple if we do speak about on having that investment or business decisions on which these things does require sufficient money and capital or same goes with having that bright idea and analysis on how you should be starting up. It all matters on you whether you do take up some action or will be just that staying on where you are. There are just that those times that you dont really like to do something and just that simply keeps on stashing out your fiat money into your bank account without being wary that its just that waste that you do let it park it there instead on trying out to make it liquid or simply making up some investments.

Fiat do loses up value as years passing by and if you do have the plans on having that progressive life or having those changes or upgrade then you do need up to take up some step for you to achieve it out. It is just that matter of mindset and perspective on things because if you wont be that positive then there's no change that would be committed and you will be just that staying on where you are. Its important that you do really know on what you should gonna do if you are having the opportunity on trying out to make up those changes. Its just basing up into the decisions to be made and not just that sitting still or idle.

[hafiztalha]

The period of saving and investing is the period of sacrifice and future planning. No true investment improves standard of living immediately. It is always on a long run that the dividends of the investments made begins maturation.

Sometimes mere savings only keep the savers in perpetual loop where there repeat life cycle over and over. For one to secure the future it has to be an intentional investment plan that has a proven record of good ROI on a long term base. Anything short term are likely Ponzi or pump and dump projects so one has to be extremely wise.

Saving is first step if you are planning to do big in the future. There are thousands, millions of people who completed this step but they became flop in next step because they only saved money and every years , prices are higher of things and currently devalue. People have no idea how to use this money and if we will will not use this money properly we will not be successful in life .Investment is next step of you want to be rich and want good status in the society. And if you will invest money by using brain then you future will be in the safe hands and don't lose heart. Most of the people are planning to do big but they will not be successful.

[red4slash]

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?

I would advise them to look for extra income so that saving and investment won't be a burden to them.  One cannot save or even invest if his earnings is just enough for his daily needs.

Regardless of whether we have additional income or not as long as we have a regular income and have good management and good awareness to make our future conditions more secure, it can still be done. Because then we can at least limit all needs and minimize unnecessary expenses.

It would be great if we have additional income that can make us more free to manage our finances to be better coordinated but in the end if we don't have that then forcing it will feel a little difficult.
Because it needs to be realized that getting additional income apart from us who must realize that it definitely requires our qualifications to be better, this will also make the situation in terms of division of time and energy must also be considered because getting additional income is not easy.
It would be great if we have this (additional income) but if we can't get it then the point that must be emphasized in this case is our lifestyle that should not exceed the economic standards we have so that we can still support ourselves and our families from the income we get while still being able to save and invest at the same time.

[Asiska02]

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?

Maintaining the one they already have while trying to use this approach of saving for later investment may affect their standard of living during that period and that is one of the sacrifices you have to make in order to become or achieve your purpose on what you’ve set out to achieve through the investment you’re having in mind.

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?

Your standard of living will really not have the chance or opportunity to be improved when you’re on the process of saving. Investment is a continuous process of earning back if you’ve really invested in something wisely and to achieve that, you have to discomfort yourself to reach certain milestone that can be used to help start your investment journey which in turn will help to improve your standard of living.

[justdimin]

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

I personally always tell to my friend and family to invest or atleast saving tho saving nowadays is kind of useless when the inflation is skyrocketing but hey this is the safe option.

The Final verdict is to gain financial freedom or live without work but hmmm day dream is good isnt. But yes if you do invest and saving as early as you can you it can affect your standart of living.

Honestly, if you do invest enough, and your investment grows enough, you will never have to work again, that part is true. But that is day dreaming for most of us who do not have that capital, or have that return yet.

I could have, if my first ever investment to bitcoin was never touched, I would have nearly 10 million dollars right now, but obviously I sold it for a few hundred dollars back when it worth nearly nothing. And I know that, even if I didn't sell at that moment, I would have sold many times before then, even if not at 1k, could have been 10k, could have been 30k, I know I would never expect to wait until 10 million. But this means, in theory at least, you "could" make enough money in crypto to live without needing to work ever again.

[Yokkattannee]

Honestly, if you do invest enough, and your investment grows enough, you will never have to work again, that part is true. But that is day dreaming for most of us who do not have that capital, or have that return yet.

I could have, if my first ever investment to bitcoin was never touched, I would have nearly 10 million dollars right now, but obviously I sold it for a few hundred dollars back when it worth nearly nothing. And I know that, even if I didn't sell at that moment, I would have sold many times before then, even if not at 1k, could have been 10k, could have been 30k, I know I would never expect to wait until 10 million. But this means, in theory at least, you "could" make enough money in crypto to live without needing to work ever again.

yes of course everything can happen with investment in bitcoin or in Crypto, from the profits obtained and we only estimate from the good side, of course by thinking there we don't need to work anymore, but there are many types of investment for that we analyze first to ensure the goodness that will be obtained from the investment, it is necessary to be careful in investing and that is what needs to be done to ensure its security.

[Bitcoin Smith]

What we dream of once becoming rich is live the life in the way we wanted so if the process requires you to be cheap then you have to and it is the real possibility of saving money, if you bought designer clothes now you can buy an ordinary one there is no difference when it comes to use case but there's a big difference in the price tag. Once you started to develop an investor's mindset you will try to look way for minimizing the spendings then only you can maximize your savings that you can use it for investing.

[reagansimms]

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?

Each individual has their own way of determining their standard of living, as long as they are able to set aside part of their income for savings or investment, this can reduce stress and anxiety about finances. Savings can provide financial security, while investments provide passive income and increase wealth value. As long as you are able to do either of these, it will have a positive impact on your standard of living and help you achieve your financial goals.

I define standard of living as leading to financial freedom because savings and investments can help improve the quality of life by providing financial security without financial anxiety and flexibility when facing unexpected situations.

[alani123]

It's an interesting economy we live in.

So much of investment is tailored towards saving. If you were to invest in a mutual fund you'd notice that the ones with the fastest redemptions and cheaper fees are designed for banks offering savings accounts.

If you were to scroll through historically high dividend stocks, with many of them being in Canada, you'd notice that it's not viable to invest in them as a sole investor while savings accounts get 0% dividend tax whereas you'd be getting a whooping 30%!

But in the post-lockdown world, we're experiencing something unprecedented. The amount of people that can actually save up anything is smaller than ever. In many European countries like Greece, up to 90% of households can't even save a single euro after monthly expenses. What's going on here then? All this growth driven up by inflation can't last forever. "Saving" is becoming a thing of the past faster than ever now unless things change.

[yhiaali3]

The concept of standard of living varies from person to person and from country to country. This primarily depends on the individual's willingness to spend monthly to maintain a good standard of living. This also depends on the country, as $1,000, for example, may represent a very large sum in some poor countries, while it may not be enough for a month's expenses in rich countries.

In any case, for me, I think about improving my standard of living by increasing my income, either through investment or by finding additional work. As for saving, I only consider saving if I am able to increase my income and standard of living. Then, I will consider saving the surplus to have it available in the future when needed.

[shield132]

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?

None of them will improve your standard of living alone but saving can help you to survive during emergencies, so it means that during bad time, like Covid, you can keep a normal standard of living despite the fact that the economy is almost stopped.
Also, investment isn't going to improve your standard of living if it's not a smart and good investment. Bad investments can significantly lower your standard of living because you spent all the time to collect money, said no to many things, then made a bad investment choice and lost almost everything, this is very bad but if your investment is good, you'll profit from your saving and extra profit leads to higher standard of living.

[gunhell16]

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?

There are only two types of people dude, and everyone has dreams in life, now, there are people who will do everything just to achieve their dreams in life no matter what it takes
and one who just dreams awake or the person who has accepted that he is poor.

Now, which one of the two I mentioned are you, op? Because if you are the one who really dreams and you are doing everything you can to achieve it, for sure, you will do the Savings
and Investment because all the people who have been successful in terms of financial freedom did that, their savings were used in the investment business.

[Onyeeze]

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?

We are suppose to cut our coat according to our size, a standard of a living can be rated due to how you earn, if you receive a reasonable amount every month you can maintain your living and also invest, depending your consumption as an expenses monthly, they are some people who uses small money to sustain life and also invest some, and they are some people who has money and live a luxury life but they don't have investment, so it depends on the life style of the person that will determine if you can maintain your way of living and couple with investment same time, it's only people who is determine and also knows that the future is important are the one that invest in different categories in order to make life easy, most of the people are in good position to invest but they don't like to invest, why for them to invest it will not affect they living style with 10%, so investment is a choice to anyone who wants to invest