Post
Topic
Board Economics
Re: Savings and Investment, and how it can affect standard of living.
by
Pablo-wood
on 10/07/2025, 14:48:58 UTC
Savings and investments have a direct impact on our life journey. Our small savings and prudent investments help us achieve our desired future success. A planned savings is more important for financial security throughout life. It is essential to maintain one's current lifestyle over time and to develop one's future financially. The habit of small investments and the process of controlling expenses along with increasing one's income, patience and courage to face risks and planning according to current market demands will help one move forward on a comfortable path to get real financial results in the future.
Mere savings keeps one in a perpetual loop. Savings will only increase our finance for a temporal period but investment helps build our finance for longer duration. If I save some money and over the years it yields me something big, it will look huge for that moment but the moment I fail to invest in something lucrative example buying bitcoin with the hope of a long-term return, I will end up spending the money on irrelevant things until it reduces drastically. I rather choose the idea of starting a small business over saving because investment will give me a guaranteed profit that mere saving will not.