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

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?

Investment and savings cannot increase our standard of living immediately. Reason been that investment is a long term financial strategy, its meant to create wealth so we dont rely on it to live to our fullest. Investment usually takes time to grow, and ROI is mostly used for getting things we cannot get with out income. Things like buying a house, owning our dream car or starting our dream business. On the other hand savings are meant for emergencies, to solve problems that arises when we dont expect it.

That is not always true. There are high risk short-term investments that make a lot of money if they are successful. As such, they are not a long term play and can increase your standard of living very fast.

Am glad you made mention of high risk investment as it cannot be relied on to increase your standard of living. High risk investment is another form of gambling, its either your profit or lose, but a long term investment is mostly profiting. Especially Bitcoin investment, I count vouch for any other investment, maybe Real Estate too. The problem of the current investors is that they want to get rich too fast and increase their standard of living. Go into a business if you want to get rich quick then leave investment for those who know what it truly is.