8. I Invest Only to Save Taxes

We all have taken a beating post the Union Budget but investing only to save taxes is not a healthy attitude. The very nature of investing teaches investors to make their money grow over a period of time. Saving on taxes is an added benefit of investing in certain forms of financial products. But if one invests only to save on taxes, that person will not go a long way in the market. If you wish to become a successful investor, you will have to think beyond the parameters of only saving taxes.