Good Earnings, No Savings? Unlock the Secret to Long-Term Wealth Creation!

• Long-term wealth depends on saving and investing, not just earning, says Kashmira Kalwachwala of Tata Asset Management.
• Financial literacy starts with budgeting, saving, understanding investment methods, inflation, and risk.
• Avoid 'get rich overnight' traps; smart investors make decisions based on logic, not panic.
• The power of compounding allows small investments to grow significantly over 10-20 years, requiring patience.
• Setting clear financial targets like education, home, or retirement ensures disciplined investment and curbs unnecessary expenses.