Rule no. 1 for personal finance: Start saving This is a simple and old lesson, but it is still relevant today. Doesn't matter how much money or wealth you have in investments or assets but you should have enough amount of money which can help you in tough times. It sounds basic but can be hard for many people. especially for the younger generation. Imagine you are newly employed. You are getting your pay. You can enjoy all the things you dreamed of. Saving doesn't sound cool, as you are young. And that's where the problem starts. not because you are young. Some people just don't save. Not just that, they don't invest; rather, they spend all the money they have. This can be cool for the present, as you have a house to live in. Your parents might still pay for your basic needs or for expensive purchases. But once that's over and you age, real-world problems start. So, how much should you put aside or invest? More to come shortly... Rule of thumb: ...