Many of us have learned that regularly setting aside money is the key to achieving long-term financial success . Therefore, many of us have opened a savings account and cut our expenses in order to be able to put away ₹10,000 each month in our savings accounts.

At first glance, it seems like this is the financially responsible action to take, one that will lead to financial independence. However, there may be an unintended consequence of saving so much; i.e., that this behaviour is possibly preventing you from becoming true wealthy.

For example, let’s look at Rohan, a 30-year-old marketing professional who has saved ₹10,000 per month into his savings account for the past five years. Today, he has ₹6 lakh in his account — a lot of money by most standards. That said, after checking the p

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