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

[Republikcoin.com]

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.

People who enjoy saving can only provide temporary relief, and they will never become wealthy if they only save fiat money. Meanwhile, those who think intelligently are the wealthy who truly enjoy making their money work for them year after year, whether by investing it in investments like Bitcoin or investing it in businesses that generate greater profits each month. Therefore, everyone needs to see how the rich work so that we too can advance financially in our own lives and ultimately become successful.

[tsaroz]

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 a broad term. If we are discussing the importance of saving and investment, than its an important aspect for maintaining a high standar of life. At current time, I don't think any person involved in economic activity might not know about the need to save and invest. Even my dumb friend who knows nothing about stocks and claims it to be too intellectual for his mind operates a side business with his own investment. Everybody knows they need to have a savings in case of emergencies and a passive income source it things goes worse.
These days specially after COVID, more people are also investing in farmland as it would not make them go hungry even in the time when money would be worthless.

[silpersurfer]

Investing and saving are important because life isn't just about today, but also about tomorrow and our future. What we need to improve is our standard of living, not our lifestyle.

People often misunderstand the standard of living, forcing themselves to take out car loans and other luxuries to appear successful. In fact, what they're pursuing isn't a standard of living, but a lifestyle that ultimately makes them even more miserable. To achieve the desired standard of living and achieve financial freedom, hard work and effort alone aren't enough. We must start managing our finances well and setting aside a portion of our income for investing and saving.

And if you're frustrated because your income only covers your needs, never give up. What you need to do now to achieve your desired standard of living is to learn about investing first. There are still plenty of opportunities and time, so keep trying to get a decent-paying job or start your own business. And when your income is deemed substantial, don't hesitate to start investing.

[rachael9385]

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?

The essence of life itself is about growth and development, it's important to improve your life not to impress others but you are doing it for yourself. But the problem with a lot of people is that they do things above their means. While you are improving your standard of living gradually also work on making investments because life isn't only about the present, you must also make sure your future is secured

[Btcdeybodi]

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?

The essence of life itself is about growth and development, it's important to improve your life not to impress others but you are doing it for yourself. But the problem with a lot of people is that they do things above their means. While you are improving your standard of living gradually also work on making investments because life isn't only about the present, you must also make sure your future is secured

I agree that life isn't only about the present but we should prioritize the present because the future is not promised. The reason why am saying this is because some people think too much about the future to the extent that they don't even care about the present, there are people who starve themselves just to save money for the future even deny themselves good life just because they want to invest in the future. Let me take for instance some of the current events that happened around the world such as the India plane crash where about 241 persons died, we all heard of the story about a man who went to make life easy for him and his family in the UK and has already spent about 6 years working just to live his dream life, let us assume that he didn't live the best life just because of the future plans he had with his family but the day he planned to move with his family, everything ended at the plane crash so imagine the pain. We all have a future but while making plans for the future, make sure you live the best life now while anticipating a more better life in the future.

[blockman]

The life here in PH is quite tough nowadays. Lower wages but the cost of living is high whether you're in the country side or in the center. But someone who's trying to save and invest, these are the most disciplined people. Despite the life's hardship that we're facing here, for as long as we can, we will endure it and will sacrifice things just to have a better life. But for someone to upgrade their living, this is why many become broke. You don't have to upgrade or change your lifestyle even if you're earning a lot at the moment. Focus on savings and investing and you'll be able to live that better life soon but if you're just starting out, you better apply delayed gratification.

[ChocolateBitcoinK]

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.

I agree with you, success is something that everyone wants to achieve, but achieving success is never easy, no one achieves success suddenly, behind every achievement is strong determination, mental strength to overcome obstacles, hard work, patience, and a mindset of making well-planned decisions, there is no shortcut to success, success will only come through good work and long-term hard work, where new challenges, obstacles, failures, disappointments, anything can come at every step, but ignoring everything, you must remain mentally strong, and continue to do good work with willpower.

Those who have achieved success through hard work starting from zero in the beginning of life, have never given up, they have to learn more from each failure without weakening themselves and move forward with more mental strength. Expectations and reality are never the same thing, the way we expect a thing, it will never happen the way it does, so you may have to face many problems in reality, but if you have strong willpower, fixed goals and confidence, then nothing is impossible. Success will come to those who never give up, who take every failure as a lesson and maintain their determination.

[Xcode7]

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.

People who enjoy saving can only provide temporary relief, and they will never become wealthy if they only save fiat money. Meanwhile, those who think intelligently are the wealthy who truly enjoy making their money work for them year after year, whether by investing it in investments like Bitcoin or investing it in businesses that generate greater profits each month. Therefore, everyone needs to see how the rich work so that we too can advance financially in our own lives and ultimately become successful.

It cannot be denied, but saving is also very important in life so that investments are not disturbed, we are talking about people who do not have abundant wealth, they must start saving for emergency funds and start investing, it is indeed difficult, but however, there will be a way if you really want to do it to get wealth in the future.

[MissNonFall9]

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.

People who enjoy saving can only provide temporary relief, and they will never become wealthy if they only save fiat money. Meanwhile, those who think intelligently are the wealthy who truly enjoy making their money work for them year after year, whether by investing it in investments like Bitcoin or investing it in businesses that generate greater profits each month. Therefore, everyone needs to see how the rich work so that we too can advance financially in our own lives and ultimately become successful.

Fiat cannot make people rich. Fiat only comforts people under the guise of acting. And smart people prefer investing. There are three types of people in the world who know how to do good and implement it, the second type of people have the theoretical knowledge to do good but do not have enough mental strength to implement it, number three - this type of people do not have the theoretical knowledge to do good and do not have the ability to do it, they just want to be happy and cannot engage in any productive work and there are many such people in the world, so the rich people are very limited in the world. We should do our work with smartness. And the smart choice for the investors is Bitcoin.

[Jatiluhung]

People who enjoy saving can only provide temporary relief, and they will never become wealthy if they only save fiat money. Meanwhile, those who think intelligently are the wealthy who truly enjoy making their money work for them year after year, whether by investing it in investments like Bitcoin or investing it in businesses that generate greater profits each month. Therefore, everyone needs to see how the rich work so that we too can advance financially in our own lives and ultimately become successful.

Well, simply saving in fiat isn't impossible, but it's also true that fiat savings will ultimately result in losses for the saver. Because fiat savings will only depreciate in the long term due to inflation. So, I think saving in fiat is a mistake that should never be made. Except for emergency funds and such. But for future savings, it's not recommended at all. Saving in gold would be better. And it would be even better if we invest like the rich do. Because that way, we can expect growth for a better future, even though there are still risks involved.

[Fredomago]

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?

The essence of life itself is about growth and development, it's important to improve your life not to impress others but you are doing it for yourself. But the problem with a lot of people is that they do things above their means. While you are improving your standard of living gradually also work on making investments because life isn't only about the present, you must also make sure your future is secured

If you seriously thinking about your future then you need to sacrifice your present, what I mean is those extra enjoyment that you can cater which requires you to spend a lot to the point that you needed to loan or barrow from a friend those things can be save then along the way you can use it to invest, that perspective will help you to secure your future though you still needs to work on it in terms of selecting your investment but if you succeed surely you'll be enjoying a much comfortable life.

[tottong]

Well, simply saving in fiat isn't impossible, but it's also true that fiat savings will ultimately result in losses for the saver. Because fiat savings will only depreciate in the long term due to inflation. So, I think saving in fiat is a mistake that should never be made. Except for emergency funds and such. But for future savings, it's not recommended at all. Saving in gold would be better. And it would be even better if we invest like the rich do. Because that way, we can expect growth for a better future, even though there are still risks involved.

People used to consider savings as a source and capital for achieving wealth. In my own country, there's a saying that goes, "Diligent saving is the root of wealth."
This motivation may have led some people to engage in this activity without considering the depreciation of fiat currency savings.
However, the rich don't have this motivation because they diversify their funds across several sectors that can generate income, allowing their money to continue growing even when they're not working.
Emergency funds can be saved in the amount needed so that the use of savings is much more appropriate and almost no one gets rich from savings.

[cxtreenal]

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?

The essence of life itself is about growth and development, it's important to improve your life not to impress others but you are doing it for yourself. But the problem with a lot of people is that they do things above their means. While you are improving your standard of living gradually also work on making investments because life isn't only about the present, you must also make sure your future is secured

If you seriously thinking about your future then you need to sacrifice your present, what I mean is those extra enjoyment that you can cater which requires you to spend a lot to the point that you needed to loan or barrow from a friend those things can be save then along the way you can use it to invest, that perspective will help you to secure your future though you still needs to work on it in terms of selecting your investment but if you succeed surely you'll be enjoying a much comfortable life.

You want to explain that you have to give up the present luxurious life. This method will be good and inspiring for people like us with low income. Most people plan for both the present and the future and deposit a part of their discretionary income. It is not reasonable to build the future by neglecting the present. I oppose this kind of mentality where some people are stingy in meeting the daily needs of the family and increase their investment/accumulation. They are harming their health to increase their investment, do not take care of their family properly and choose poverty. Therefore, it should be recommended to every investor that from the amount of salary they receive weekly, they spend on their family. The remaining amount should be allocated for investment (this is discretionary income). This is the right decision. Income is the daily expenses of the family, investment from discretionary income and assurance of a pretty future.

[Mahanton]

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.

I agree with you, success is something that everyone wants to achieve, but achieving success is never easy, no one achieves success suddenly, behind every achievement is strong determination, mental strength to overcome obstacles, hard work, patience, and a mindset of making well-planned decisions, there is no shortcut to success, success will only come through good work and long-term hard work, where new challenges, obstacles, failures, disappointments, anything can come at every step, but ignoring everything, you must remain mentally strong, and continue to do good work with willpower.

Those who have achieved success through hard work starting from zero in the beginning of life, have never given up, they have to learn more from each failure without weakening themselves and move forward with more mental strength. Expectations and reality are never the same thing, the way we expect a thing, it will never happen the way it does, so you may have to face many problems in reality, but if you have strong willpower, fixed goals and confidence, then nothing is impossible. Success will come to those who never give up, who take every failure as a lesson and maintain their determination.

A perfect image on which people should be that trying out to realize that acquiring or achieving success or goal isnt something just that a smooth sailing one or would be just that a straight line. You would be passing through tons of challenges and other things that would goes along the way and if you arent that patient enough then you would definitely be that ending up on giving up along the way or on mid-way. It all matters about persistence and having that seriousness on achieving your goal on which not all would be able to reach out the finish line just be cause they've been that giving up at the time that they would be facing up some challenges. We do know that everything will be that not easy and if you arent that persevering or having that kind of dedication on trying out to achieve something then you would definitely be that not be able to reach out those goals that you do have in mind. What matter most on here is that you do have a particular goal or target on which you do need up to achieve on which through hard work and good planning and execution and with those good decision making along the way. When you are that having some plans when it comes on improving your standard of living then you would be needing up to have that proper planning and decision making when it comes to any investment that you would be that dealing into. When it comes to savings then you are the ones will be trying out to make use of those amounts into proper use on which if course there's a risks accompanied into it but to achieve up such goals thenyou would be needing up to consider on taking up such step and never make yourself that being that stalled or doing something because you cant be able to achieve something if you wont be making out such move and thats why its important that you do have proper planning and good execution of those plans so that you would be having the idea on what you've been dealing into. Some people are just that contented on what they do have and thats why they wont be taking up any actions for them to have a better life just because they've been just that too scared on taking up such step just because they are that afraid on losing money instead.

[ChocolateBitcoinK]

I agree with you, success is something that everyone wants to achieve, but achieving success is never easy, no one achieves success suddenly, behind every achievement is strong determination, mental strength to overcome obstacles, hard work, patience, and a mindset of making well-planned decisions, there is no shortcut to success, success will only come through good work and long-term hard work, where new challenges, obstacles, failures, disappointments, anything can come at every step, but ignoring everything, you must remain mentally strong, and continue to do good work with willpower.

Those who have achieved success through hard work starting from zero in the beginning of life, have never given up, they have to learn more from each failure without weakening themselves and move forward with more mental strength. Expectations and reality are never the same thing, the way we expect a thing, it will never happen the way it does, so you may have to face many problems in reality, but if you have strong willpower, fixed goals and confidence, then nothing is impossible. Success will come to those who never give up, who take every failure as a lesson and maintain their determination.

A perfect image on which people should be that trying out to realize that acquiring or achieving success or goal isnt something just that a smooth sailing one or would be just that a straight line. You would be passing through tons of challenges and other things that would goes along the way and if you arent that patient enough then you would definitely be that ending up on giving up along the way or on mid-way. It all matters about persistence and having that seriousness on achieving your goal on which not all would be able to reach out the finish line just be cause they've been that giving up at the time that they would be facing up some challenges. We do know that everything will be that not easy and if you arent that persevering or having that kind of dedication on trying out to achieve something then you would definitely be that not be able to reach out those goals that you do have in mind. What matter most on here is that you do have a particular goal or target on which you do need up to achieve on which through hard work and good planning and execution and with those good decision making along the way.

And this is why we always have to have a mindset of making decisions based on reality, before achieving every success we have to face a difficult reality, you will definitely fail, failure will definitely come before success, but during this failure, those who can maintain their mentality, and keep trying again and again despite failure, will be able to achieve success, but those who give up after failing in the middle, will be limited to that fail, and they will never see the face of success.

You have to keep your goal clear and move forward through patience, hard work and consistency, only they will get real success in the end. So all in all, the beginning will start with failure in everyone, but despite this failure, those who can believe in themselves and continue to try and work hard consistently, they are the ones who are successful in the end.

[Ishicryptic]

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?

Except that you are very rich that you can afford to remove funds into investment and savings and still comfortably afford to maintain a good standard of living. If you are not very rich before you can be able to save and invest you have to cut down on your standard of living so you can have some left over money from your compulsory expenses to channel into savings and investment. If you want to live according to your total earnings you cannot afford to save and invest, it is not possible to earn $1000 in a month and your running expenses for the month is approximately the same amount. To gain something you have to sacrifice something which means that if you want to succeed in savings and investment you must not enjoy everything that you earn immediately.

[Lanatsa]

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?

The essence of life itself is about growth and development, it's important to improve your life not to impress others but you are doing it for yourself. But the problem with a lot of people is that they do things above their means. While you are improving your standard of living gradually also work on making investments because life isn't only about the present, you must also make sure your future is secured

I agree that life isn't only about the present but we should prioritize the present because the future is not promised. The reason why am saying this is because some people think too much about the future to the extent that they don't even care about the present, there are people who starve themselves just to save money for the future even deny themselves good life just because they want to invest in the future. Let me take for instance some of the current events that happened around the world such as the India plane crash where about 241 persons died, we all heard of the story about a man who went to make life easy for him and his family in the UK and has already spent about 6 years working just to live his dream life, let us assume that he didn't live the best life just because of the future plans he had with his family but the day he planned to move with his family, everything ended at the plane crash so imagine the pain. We all have a future but while making plans for the future, make sure you live the best life now while anticipating a more better life in the future.

For you to build up your future then you should be focusing into the present and would be that learning up on what happened in the past and this is something that you do need up to do but of course it wont be that easy and not all would be that able to succeed when it comes to applying things on what you have learned in the past. For some factors then it will be that making out some effect in overall  success. Speaking about savings then we do know on how it works and on what are the things that it could be used into and it would be that pertaining about investment and business then it would definitely be giving out such impact in overall living and status on which it could neither be giving out that probability that you would be changing up your entire life with it when it comes to financial status. Although not all would be ending up on having that success because we do know that not all that made out such engagement will be having that sure or guarantee success and this isnt something that could be avoided.

If you dont like on being trapped with that 9-5 job then you would be needing up to have that kind of action and its up to you whether you would be taking up some action or not. Some are just that contented on what you do have but of course it will be that not bad on being contented but if we do saw ourself on having that kind of potential changes then you should be needing to take up more one step. You are the ones will be taking up such action if you do need up some changes. Standard of living could be that totally different to each person on whether its being inherited or being that achieved because of hard work and good decisions in life. You are the ones will be taking out such action because if you wont be be having no plans then you would be that stucked on there.

[Xcode7]

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?

Except that you are very rich that you can afford to remove funds into investment and savings and still comfortably afford to maintain a good standard of living. If you are not very rich before you can be able to save and invest you have to cut down on your standard of living so you can have some left over money from your compulsory expenses to channel into savings and investment. If you want to live according to your total earnings you cannot afford to save and invest, it is not possible to earn $1000 in a month and your running expenses for the month is approximately the same amount. To gain something you have to sacrifice something which means that if you want to succeed in savings and investment you must not enjoy everything that you earn immediately.

Everyone's standard of living is different, and this is something that must be understood. I believe we all need to meet our own standards, although investing and saving cannot be neglected. These two things can go hand in hand if we manage our finances well.
It all depends on our mindset; our standard of living determines what we want. If we don't think clearly, we will set standards that are too high or too difficult to achieve, which will negatively impact our financial management.

[ahmedabubakarabbo]

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 refers to the level of wealth, comfort, material goods, and necessities available to a person or a group.
Savings and investments play a major role in shaping someone’s standard of living.

Yes, an individual who consistently saves and invests can significantly improve their standard of living, especially in the long run.