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?
Savings and Investment, and how it can affect standard of living.
I personally always tell to my friend and family to invest or atleast saving tho saving nowadays is kind of useless when the inflation is skyrocketing but hey this is the safe option.
The Final verdict is to gain financial freedom or live without work but hmmm day dream is good isnt. But yes if you do invest and saving as early as you can you it can affect your standart of living.