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?
Investment and savings cannot increase our standard of living immediately. Reason been that investment is a long term financial strategy, its meant to create wealth so we dont rely on it to live to our fullest. Investment usually takes time to grow, and ROI is mostly used for getting things we cannot get with out income. Things like buying a house, owning our dream car or starting our dream business. On the other hand savings are meant for emergencies, to solve problems that arises when we dont expect it.
That is not always true. There are high risk short-term investments that make a lot of money if they are successful. As such, they are not a long term play and can increase your standard of living very fast.
You are maybe somewhat right, but you also have to keep in mind the risk, there are many investments that can bring good things in the short term, but the reality is that by investing in them, you have a 90% chance of losing money, they are almost like a lottery, where the risk of loss is much higher than the possibility of profit. So to build a secure future, you must choose the right path, and these must require a long time. A safe and patient investment strategy will always bring you success with good chances, because there is no shortcut to success.