It doesn't make sense to me to cut down on basic expenses to invest. Rather, I would suggest focusing on unnecessary expenses and eliminating them from your spending list. You might be able to save some extra money. But still, this money may not be suitable for investment if you don't have any discretionary money. In this case, you should look for a high-paying job or try to increase your income source by acquiring high skills.

You can even focus on alternative sources of income or try to reduce your expenses and increase your income through production. You need unnecessary money for investment, if you try to make necessary money unnecessary, then its results will not bring positive results at all in the long run. No matter what kind of investment you make, it will not be able to give significant profits in the short term. Rather, you need to be long-term and wait for the value of the asset to increase significantly. Investments like Bitcoin, gold, stocks, and real estate will be able to give you high returns in the long term, but in the short term you will have to trade which is very risky.