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?
This is a concept that everyone should implement, as savings can help them take steps toward investing.
Although some say savings aren't very productive, in the initial stages, savings can be quite beneficial when someone can prepare capital for investing.
Most people are unable to invest due to a lack of capital which hinders them from getting started.
However, if we have sufficient savings, it will be much easier, allowing us to use the money for the investment process based on the desired percentage.
Our savings can also be used to build a business, as it's common for people to lack the capital to start.
To improve our standard of living we can create a plan for investing, and for those with capital from savings, it will be much easier to realize it.