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?
The essence of life itself is about growth and development, it's important to improve your life not to impress others but you are doing it for yourself. But the problem with a lot of people is that they do things above their means. While you are improving your standard of living gradually also work on making investments because life isn't only about the present, you must also make sure your future is secured