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 I agree that life isn't only about the present but we should prioritize the present because the future is not promised. The reason why am saying this is because some people think too much about the future to the extent that they don't even care about the present, there are people who starve themselves just to save money for the future even deny themselves good life just because they want to invest in the future. Let me take for instance some of the current events that happened around the world such as the India plane crash where about 241 persons died, we all heard of the story about a man who went to make life easy for him and his family in the UK and has already spent about 6 years working just to live his dream life, let us assume that he didn't live the best life just because of the future plans he had with his family but the day he planned to move with his family, everything ended at the plane crash so imagine the pain. We all have a future but while making plans for the future, make sure you live the best life now while anticipating a more better life in the future.