What do you understand by standard of living how do you think it can be affected by savings and investment. 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?
Standard of living means how we live our lives. There are many people who save and invest and become successful and live a luxurious life, while there are many who live a very bad life due to their own wrong decisions. However, every person should save 50% of his income. If a person saves 50% of his income, he will be able to use that savings in the future during his leisure time. People save because they do not want to spend their old age in hardship.
Of course I
willwould advise people to save and invest and I still advise people to save and invest as much as
I canpossible. I live in a village
. Almost and almost all the people in my village are not very educated. They work in the fields and in the fields. Due to
their lack of good education, they
are not experienced inhave no experience about what to do in the future.
That is whySo I give
everyone a good
futureadvice to everyone so that the people around me can live well
and live well in their old age.
They should save and invest some money for the future.