Standard of Living Vs. Quality of Life
Why does Dave Ramsey say that "Cash is King"? The "King" is the one who maintains the Kingdom. Maybe that is why. Yet, maintenance also requires management, right? And, only people can manage - management requires a degree of care. Care involves attention to detail... Right? Right! So, cash is not my King. I do understand that he means it is smarter to operate directly with cash for the sake of financial management. However, care requires consciousness; and, the quality of care determines the quality of life. Your standard of care influences your quality of life. Both of these together determine your quality of life. So, what is standard of living? " Standard of living , in social science , the aspirations of an individual or group for goods and services." This is a biased or narrow explantion/definition of the phrase. Right now, the most commonly used definition (in a socio-economic-cultural context) of standard of living pertains to consumerism ...