The standard of living refers to the level of wealth, comfort, material goods, and access to necessities available to a person or group. It includes factors like income, housing, education, healthcare, and overall well-being.

Savings and investment play a critical role in shaping and improving one’s standard of living. When an individual actively saves, they create a financial cushion for emergencies and future needs. When they invest wisely, their money has the potential to grow over time, helping them afford better housing, education, healthcare, and lifestyle options.

Yes, an individual who is consistently saving and investing can not only maintain their current standard of living but also significantly improve it over time. Compound interest, asset growth, and smart financial planning make this possible.

I would absolutely advise anyone to aim for an improved standard of living as they save and invest. Since financial growth is a long-term, continuous process, small, smart steps taken today can lead to big rewards in the future.

Title:VAT on Crypto Services in the EU—Confusing Rules or New Tax Trap?

Post: Hey everyone, I'm hoping to get some insights here. I'm based in the EU and recently started offering freelance crypto-related services (like blockchain audits, NFT consultations, etc.). I'm now getting clients from different EU countries and even outside the EU.

Here’s the confusion: Do I need to charge VAT on services paid in crypto? Some say if the client is outside my country, I don’t charge VAT. Others say I still have to report it and pay VAT on the crypto’s value. The local tax office isn't super clear either.

Also, if I receive payment in Bitcoin or USDT, how is the VAT calculated? On the crypto value at the time of the invoice, or when I convert it to fiat?

Would love to hear how others handle this. Anyone with experience dealing with VAT and crypto payments in the EU?

Thanks in advance! 🙏

Thanks for the helpful tips! You're absolutely right — finding a safe and trusted place to trade BTC for cash is super important.

I've actually been wondering if there are any better alternatives to LocalBitcoins. Honestly, every time I use their service, I feel like I'm getting ripped off. The 1% fee is pretty steep, and on top of that, they hold back extra funds for network fees, which just makes it worse.

Are there any other platforms or trusted communities where people meet and exchange safely without losing so much in fees?