2. Make sure you get paid well Spend Less Than You Earn

It sounds simple, but many people struggle to do this. Make sure you know what your jobs worth is in the marketplace, by conducting an evaluation of your skills, productivity, job tasks, contribution to the company, and the going rate, both inside and outside the company, for what you do. Being underpaid even a thousand rupees a year can have a significant cumulative effect over the course of your working life.

No matter how much or how little you are paid, you will never sight a progress if you spend more than you earn. Often it's easier to spend less than it is to earn more, and a little cost-cutting effort in a number of domains can result in big savings. It doesn't always have to involve making big sacrifices.

3. Review your insurance coverage

There are many people who pay too much for life and disability insurance, whether it's by adding this coverage to car loans, buying whole-life insurance policies when term-life makes more sense, or buying life insurance when you have no dependents. On the other hand, it is important that you have enough insurance to protect your dependents and your income in the case of death or disability.