The way of living means how one goes about sustaining oneself, essentially how one manages to live. What is the proper way of living for a Dharma practitioner? What did the Buddha say about this?

Should all practitioners give up everything and retreat to the caves to meditate like Milarepa did? It would be great if one can do that, but most laypeople cannot and so the Buddha did not rule this way. In a nutshell, the Buddha only asked all Buddhists to be content with fewer desires, which means differently to the monastics and lay practitioners.

- Quote from The Right View, "The Way of Living and the Meaning of Life"