The one basic truth about money that I have understood is this: keep money matters simple. He has a busy work life, with extensive travel, and does not have the time to sit and think about his money matters. Despite earning very well, he did not channel his savings through the right vehicle for his goal of creating a large retirement corpus. A did not save first for his safe retirement corpus, but went ahead and invested for growth instead. If you are starting with your professional career and saving money, it would do good if you steered clear of these mistakes and just kept it simple.

Source: Mint September 11, 2016 12:11 UTC