New Delhi, July 4 -- Having a good salary is just one factor that can help an individual live a meaningful and happy life. There are several other factors that play a key role in making life meaningful and aligned with an individual's long-term economic objectives. One of them is building smart financial habits that can foster long-term financial security.

You must never forget that building smart financial habits and having a well-thought-out personal finance plan is a soft skill that demands patience, knowledge-building, and effort.

Keeping these fundamentals in mind, here are several essential personal finance rules that every young Indian must follow before turning 30to achieve financial success.

1. Follow the 50-30-20 rule: This i...