Start Young And Watch It Grow

Sunit, a friend of one of our colleagues, is a young bachelor in his early twenties who has just landed his first job. His aim, be it in his social life, the car he drives or branded attire, is to "live life king-size". And why not? After all, this is probably the only time in life when one's financial liabilities are zilch, with little or no contribution towards household expenses. Now we don't want to sound like a wet blanket and say that Sunit is probably committing a huge financial mistake here, but the fact is that he is not being very money savvy. With limited financial liabilities - in his case, none at all - and the ability to take a higher risk, the situation could not be more conducive to saving. In fact, the potential to save wil

This article was originally published on November 21, 2006.