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?
If you are trying to meet a good standard of living, you may never save or invest. To save and invest, in most cases, we need not even consider the standard of living because the goal is to save and invest to reach another financial level.
I would say that to improve one's financial situation, one should seek more sources of income; however, one thing about the standard of living is that the more income and financial stability one gains, the level of financial living also increases. The main goal is to concentrate on saving and investing, because if you focus on improving your financial living, you may end up not saving or investing at all.
I totally agree with you, and you have also spoken my mind, our major concern here should be on how we can increase our savings and improve in our investments and not to increase our standard of living, less take for example you can afford 3 square meal a day for yourself and family if there is any, you can pay your bills, you already have a car, a house and some on, so tell me what other standard of living do you want to migrade into? Is it flaunting of money, buying luxury cars, building houses, travelling all over the world?
No If you do all of this you
willmay end up saving nothing or investing nothing.