The Richest Man in Babylon In good times and bad, consistently saving a percentage of your income is a sound financial practice. Share | Have A Question About This Topic? Name Email Address Message Thank you! Oops! Related Content A Living Trust Primer Living trusts are popular, but their appropriateness will depend upon your individual needs and objectives. Dreaming Up an Active Retirement When you retire, how will you treat your next chapter? Financial Hacks for Millennials: Don’t Get Burnt With FIRE Financial Independence, Retire Early (FIRE), also known as radical savings, encourages aggressive saving to retire by age 40.