Here you know the basic principles that are responsible for creating wealth.

2. A person can save, regardless of
income. It's only a matter of
choice.

3. Start investing early because income
generated by Compound Interest
increases with time.

4. One needs to do away with loans and
focus on meeting expenses and saving for
the future.

5. Choose the mortgage which will provide tax
concessions along with convenient
installments for repayment.

6. Keep at least three times of one’s
monthly income in liquid assets as
emergency fund.

7. Planning for retirement, for the time you
cannot work because of injury or illness, or
developing a contingency plan in the event of
the death of your principal breadwinner
makes sense, and so does starting early
rather than late to save for the future. Many
people, however, put off financial planning,
sometimes until it is too late.

9. Source Link- http://blog.hdfclife.com/wealth-creation-with-insurance-part-1-532340
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