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

[Raflesia]

Yes and no. The thing is that each investor's case is individual. In general, we all imagine that an investor is, in a broad sense, a person with tens of thousands of dollars. And that he multiplies it constantly. But in reality, there are plenty of investors who do not have the opportunity to start with large sums and invest several hundred bucks at first. And even if such a guy multiplies them successfully by getting into the bull market, the profit will also be in the amount of several hundred dollars. And at this time, there are professions where they earn several thousand dollars at once. And let in the first example the money comes multiplying, and in the second adding up, but the initial deposit should be as large as possible so that the investor overtakes the income of an ordinary specialist, an office worker.

But regardless of that we must be aware that regardless of the size in the end everyone will get a share according to their respective portions. Ideally when we invest with a large nominal then the profits obtained will certainly be greater but not everyone can do that because for now especially when talking about the scope of investing in crypto especially in bitcoin (in this forum) we must be aware that most of them are in the middle economic class or even below.

But that is also not an obstacle because in the end when we have good intentions in investing then we have a strategy that we will realize. In investing there are also many methods and we only need to do another scheme when we can't save money in large nominal at once then we only need to do it with the DCA scheme and vice versa.
The most important thing in this case is to remember that at least with the investment we make (of course correctly) then the efforts we make will not betray the results later.

[Samlucky O]

What do you understand by standard of living how do you think it can be affected by savings and investment.

For me standard of living is a lifestyle for the already made person who has achieve a higher percentage of his investment porpose. And not to for people who has never achieve anything.

Sure, Standard of living will definitely affect a person's saving and investment. Because leaving a standard lifestyle requires a whole lot of money and whoever is struggling to survive should not even think of living a standard lifestyle. This lifestyle is not for people who are still struggling to invest or save. If they maintain a standard of living without backup or haven't met their target in life, of course that will lead to failure.

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 do not deny the fact that A person who is investing or saving should not leave  a comfortable lifestyle, but there is different between leaving comfortably and leaving a standard lifestyle. A person who has not Achieved any tangible thing in life  may leave comfortablely and not leave a standard lifestyle untill they achieve a better results.

[Mahanton]

Yes and no. The thing is that each investor's case is individual. In general, we all imagine that an investor is, in a broad sense, a person with tens of thousands of dollars. And that he multiplies it constantly. But in reality, there are plenty of investors who do not have the opportunity to start with large sums and invest several hundred bucks at first. And even if such a guy multiplies them successfully by getting into the bull market, the profit will also be in the amount of several hundred dollars. And at this time, there are professions where they earn several thousand dollars at once. And let in the first example the money comes multiplying, and in the second adding up, but the initial deposit should be as large as possible so that the investor overtakes the income of an ordinary specialist, an office worker.

But regardless of that we must be aware that regardless of the size in the end everyone will get a share according to their respective portions. Ideally when we invest with a large nominal then the profits obtained will certainly be greater but not everyone can do that because for now especially when talking about the scope of investing in crypto especially in bitcoin (in this forum) we must be aware that most of them are in the middle economic class or even below.

But that is also not an obstacle because in the end when we have good intentions in investing then we have a strategy that we will realize. In investing there are also many methods and we only need to do another scheme when we can't save money in large nominal at once then we only need to do it with the DCA scheme and vice versa.
The most important thing in this case is to remember that at least with the investment we make (of course correctly) then the efforts we make will not betray the results later.

Invest on what you can afford to lose and basing up into the amount that you are capable on doing so. You cant just that be having that all in kind of investing because that would be compromising those priorities on which this is something bad. Saving up money isnt always that pertaining about on trying out save up for emergencies but also it is that being used on when you do have plans on making up some investment or business in the future. If you do know on how to utilize these things then you could have a shot on making your life way more better than when you are just that depending into your day job earnings. Im not that belittling those dayjob earnings but in todays shit economic conditions then you would be able to say that you would be needing up to find for another income source because time will come that those earnings wont be enough or could be able to cope up into your expenses. Economic conditions becoming shit day by day but of course it will be depending on which country you are living because there are places in the world on having that negative or zero inflation on which its best to live out there but of course everything will be still depending whether you do have a decent job or some good income source on which you can be able to sustain yourself. Everything will be that still depending on how capable you are on having your own income because on the moment that you are still jobless then you would find yourself having that very common survival issue. Saving and investment does have that correlation on which we know that you cant be able to make out some investment if you dont have the money or capital for you to start out on which simply means that you will be needing up to consider on taking out such step for you to have such approach. You are the ones who would be making out such action for your possible success when it comes to finances but of course it wont be a guarantee to have such success on which we know that this isnt something that you cant be able to assure that you will be able to achieve out such condition. Some people cant be able to save up because they are just that earning sufficient for their daily living on which it will be that understandable and thats why its sad that people would be just that missing out just because they cant be able to do so and there's nothing we can do about it.

[Oluwa-btc]

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 a self improvement lifestyle that involves taking ones financial state to another level by investments and savings plans, one's you undergo this process then it can affect your standard of living. Due to the economic conditions and situation of things people tend to surpass a certain stage and the only one they can be at balance is keeping up with their investment and savings which in turn improve their lifestyle as well as their standard of living.

[Dr.Bitcoin_Strange]

Savings is different from investing but both can improve the standard of living depending on the situation tho. If you have a job that pays well, it's wise to always not spend all your salary at once but rather have a savings to keep some funds in case of emergencies. If you also want to go above the financial status you already are and wants to have a more more than you have to improve the standard to a high level, then you can invest but investment is mostly to grow more than where you are and to also secure your future so that you can retire on time and enjoy your old age with less stress.

[Altryist]

Savings is different from investing but both can improve the standard of living depending on the situation tho. If you have a job that pays well, it's wise to always not spend all your salary at once but rather have a savings to keep some funds in case of emergencies. If you also want to go above the financial status you already are and wants to have a more more than you have to improve the standard to a high level, then you can invest but investment is mostly to grow more than where you are and to also secure your future so that you can retire on time and enjoy your old age with less stress.

It will still depend on your ability to manage your finances. If you simply save money and do nothing with it, it’s unlikely to improve your quality of life. You can save everything you have left from your salary, but it won’t have any real impact on you. Meanwhile, inflation will gradually eat away part of your savings.

You also need to approach investing wisely. Even if you manage to build up some capital and start investing it, for a long time you might not see any visible improvements. I mean improvements to your quality of life, because the investments will be working, and you won’t be able to take anything out of them. And it will also come down to how you manage the money you earn from those investments. Will you reinvest it, or will you withdraw it to improve your lifestyle? And you can manage that money in different ways — again, it will depend on your ability to handle finances.

[Akbarkoe]

Correct me if I'm wrong, Someone who has savings and investments usually has quite good financial and economic management. And in my opinion, this can affect a person's standard of living. but of course this cannot be achieved in a short time because it takes quite a long time to be able to make a profit. But talking about the standard of living is back to each individual, everyone has their own way to enjoy their wealth.

Investment is not only about how to achieve financial freedom, but investment is also one way for someone to secure the value of their wealth. While saving is an effort to invest their investment to be safer. Why do I say that, because when someone has an investment without having a number of savings, their investment will be vulnerable to disruption, especially if faced with an urgent situation that makes them think short-term by taking the wealth that has been invested which ultimately leads to losses.

[bubilas]

If someone constantly saves, then it is reasonable. I do not mean that crazy saving, when a guy buys things made of synthetics, does not treat his teeth and eats bad food. Such a life will lead to the fact that he will later spend a lot of money on medicine. You need to be able to treat things thriftily. To be able to sew and repair yourself, and this allows you to save.
As well as the ability to look for promotions. This is a whole way of life, which I approve of. Therefore, if such a person invests, then this is a clear path to wealth.

[Uruhara]

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?

Someone who is truly focused on their savings and investments for a better future usually does not like to raise their standard of living even though they have started to earn a greater income. because when they get a greater income, it is usually not their standard of living that is increased but usually the amount of their savings and investments that is increased.

But for people who prioritize prestige and like to improve their standard of living, usually as their income increases, their standard of living will increase. But it's still a good thing if they can still save and invest. What is not true is those who improve their standard of living so much that they cannot even set aside their money for future savings and investments.

And my advice to anyone is that it is better for us to continue to increase the standard of our insight than to increase the standard of our life. It's better to be someone who looks simple but inside has a wealth of insight and wealth that no one else knows about. Rather than appearing glamorous but the inside is not as good as people think. It is better to increase your income and increase the amount of investment for the future.

[BitHodlers]

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?

Someone who is truly focused on their savings and investments for a better future usually does not like to raise their standard of living even though they have started to earn a greater income. because when they get a greater income, it is usually not their standard of living that is increased but usually the amount of their savings and investments that is increased.

That's right! As soon as you start spending all the newly gotten gains, you are getting nowhere. You can always spend more money, there is no limit but that won't improve your life.

But for people who prioritize prestige and like to improve their standard of living, usually as their income increases, their standard of living will increase. But it's still a good thing if they can still save and invest. What is not true is those who improve their standard of living so much that they cannot even set aside their money for future savings and investments.

People sometimes confuse wasting money on things that are overpriced or not necessary as improvements to standard of living. These things are not the same. More permanent upgrades are what I would consider massive improvements to standard of living first. If you are paying rent, buying your own place would be a big step!

[Republikcoin.com]

Standard of living is a self improvement lifestyle that involves taking ones financial state to another level by investments and savings plans, one's you undergo this process then it can affect your standard of living. Due to the economic conditions and situation of things people tend to surpass a certain stage and the only one they can be at balance is keeping up with their investment and savings which in turn improve their lifestyle as well as their standard of living.

That is true because when there are people who are unable to maintain their own standard of living because they want to immediately rise to a higher level in an instant, of course that person will have difficulties and will never rise to a higher level because they are never patient with their current condition. So I agree more with what you said where we must be able to maintain our own standard of living both in terms of expenses and also in terms of income so that the investment and savings plans that we do really run properly.

[ndutndut]

Standard of living is a self improvement lifestyle that involves taking ones financial state to another level by investments and savings plans, one's you undergo this process then it can affect your standard of living. Due to the economic conditions and situation of things people tend to surpass a certain stage and the only one they can be at balance is keeping up with their investment and savings which in turn improve their lifestyle as well as their standard of living.

That is true because when there are people who are unable to maintain their own standard of living because they want to immediately rise to a higher level in an instant, of course that person will have difficulties and will never rise to a higher level because they are never patient with their current condition. So I agree more with what you said where we must be able to maintain our own standard of living both in terms of expenses and also in terms of income so that the investment and savings plans that we do really run properly.

The cost of living must also be in accordance with income, so that investments and savings run well. Believe it or not, if you only focus on lifestyle, it is also not right to continue doing it, because for me, life is actually not expensive. What is expensive is lifestyle.

So we must have a principle, this life is only once, so make the most of it. But, don't live without a safety net. Savings and investments must still be there, but don't make it difficult for yourself. It's okay to save and invest, but still live decently. The point is, don't be too wasteful, and don't be too stingy with yourself.

You have to ask yourself this if you want something for your lifestyle, If you buy this item, will your cash flow be disturbed? If you buy that item or whatever, you have to think about whether you can still save and invest? If your cash flow is not disturbed and you can still save and invest, then it's okay. Because if you force yourself to buy to look cool even though you don't have savings, let alone investment, then that is the wrong decision.

[Muba20]

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?

It is definitely understood that if a person takes good care of his future security and saves money, then he will get financial security for his future which can improve his future living standard because at that time he can become more prosperous financially.

Saving for the future can make his future better but one should also give importance to the present life system. If he only dreams about the future, it can be difficult for him to manage his present life. If he is not well at present, then it will be difficult for him to be well in the future. Along with improving everything else, it is necessary to improve the current quality of life. If one gets all kinds of facilities including food, clothing, education, and medical care, then the quality of a person's life can be observed. Those who are wise give importance not only to the future but also to both the present and the future.

[summonerrk]

I want to write about the non-obvious problem of saving not alone, but in a family. It is much more difficult than saving alone, and the fact is that often girls and wives do not want to reduce their needs, but only increase them.
They want more and more, demanding this from their husband, which is why he is forced to work more or look for part-time work. Therefore, it is always worth choosing a thrifty girl as a partner, who will agree not to spend extra.

[Swordsoffreedom]

I want to write about the non-obvious problem of saving not alone, but in a family. It is much more difficult than saving alone, and the fact is that often girls and wives do not want to reduce their needs, but only increase them.
They want more and more, demanding this from their husband, which is why he is forced to work more or look for part-time work. Therefore, it is always worth choosing a thrifty girl as a partner, who will agree not to spend extra.

In my experience,  I don't think it's just girls and wives who want to increase spending, want more, and demand more from their partners . There are many men who do not know how to save, wanting to spend more on personal interests without caring about the overall situation of the family.

I think this depends  on each person's personality and mindset, it has nothing to do with gender and we should not be biased in thinking that only men know how to earn and save money ,  women do not.

So when  getting married ,  we should choose a partner who has knowledge, life experience...,don't just choose them because of their appearance.

[leonair]

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 can never make a person very rich because if you do not have a strong earning source and if you cannot earn a lot from it, then you can never become the owner of a lot of money by saving only. You will need to increase the source of income from there by investing your money. When you earn money from multiple places, then automatically your standard of living will change and you will not be able to finish the money by spending that time. And for this, you have to do your job first and you have to become an entrepreneur yourself. Otherwise, you will never be able to improve your standard of living by doing only a fixed-income job, no matter how much you think of saving.

[Hanadawa]

Standard of living is a self improvement lifestyle that involves taking ones financial state to another level by investments and savings plans, one's you undergo this process then it can affect your standard of living. Due to the economic conditions and situation of things people tend to surpass a certain stage and the only one they can be at balance is keeping up with their investment and savings which in turn improve their lifestyle as well as their standard of living.

That is true because when there are people who are unable to maintain their own standard of living because they want to immediately rise to a higher level in an instant, of course that person will have difficulties and will never rise to a higher level because they are never patient with their current condition. So I agree more with what you said where we must be able to maintain our own standard of living both in terms of expenses and also in terms of income so that the investment and savings plans that we do really run properly.

When you get income from your job and over time you get an increase in income, then the thing to realize here is that the more money you have, the more savings and investments you get. Sometimes some people will improve their standard of living when they get additional income. This will make such people not have any achievements in their lives. They exchange their money for a higher standard of living. And in the end when they lose or experience a decrease in income, they will find it difficult to lower their standard of living. Wise people understand that the more money we have, the more we can save and invest. And that will allow them to retire early or enjoy their lives in the next ten or fifteen years.

[hafiztalha]

Standard of living is a self improvement lifestyle that involves taking ones financial state to another level by investments and savings plans, one's you undergo this process then it can affect your standard of living. Due to the economic conditions and situation of things people tend to surpass a certain stage and the only one they can be at balance is keeping up with their investment and savings which in turn improve their lifestyle as well as their standard of living.

That is true because when there are people who are unable to maintain their own standard of living because they want to immediately rise to a higher level in an instant, of course that person will have difficulties and will never rise to a higher level because they are never patient with their current condition. So I agree more with what you said where we must be able to maintain our own standard of living both in terms of expenses and also in terms of income so that the investment and savings plans that we do really run properly.

When you get income from your job and over time you get an increase in income, then the thing to realize here is that the more money you have, the more savings and investments you get. Sometimes some people will improve their standard of living when they get additional income. This will make such people not have any achievements in their lives. They exchange their money for a higher standard of living. And in the end when they lose or experience a decrease in income, they will find it difficult to lower their standard of living. Wise people understand that the more money we have, the more we can save and invest. And that will allow them to retire early or enjoy their lives in the next ten or fifteen years.

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. You should save most of the money which you earn on daily life from business or job and many people do different typeof jobs . When they save money then they want to double this money by investment in good thing.  That depends a lot which type of investment you are doing and your budget always matters a lot because every investment has different criteria but before doing investment in anything you should be knowledgeable about that.If you have no knowledge of investment, in which you are doing your investment, you will lose money in that and it could be 50 percent loss.

[terrific]

I want to write about the non-obvious problem of saving not alone, but in a family. It is much more difficult than saving alone, and the fact is that often girls and wives do not want to reduce their needs, but only increase them.
They want more and more, demanding this from their husband, which is why he is forced to work more or look for part-time work. Therefore, it is always worth choosing a thrifty girl as a partner, who will agree not to spend extra.

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. Because if they're the ones putting you into pressure, you're likely to get burnt out. But if they are there to support you at all cause, you'd be more encourage to do better in life and whichever trade and endeavors that you're doing. So, it's not just about ourselves and I am glad you've brought this up.

[JiiBs]

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.