New Delhi, Nov. 7 -- Building wealth is not just about earning a higher salary. It is also about having a clear understanding of different asset classes, such as stocks, bonds, and gold, among others, along with how an individual should manage their funds, control expenses, and plan for the future, which can also help determine an individual's financial well-being.

Diwali can be an opportune time to adopt healthy personal finance habits, bolster your investments, and avoid habits that can hinder wealth creation. The aim should be to eliminate poor habits such as poor budgeting, high-interest debt, inadequate emergency savings, along with a host of other similar habits, to become financially efficient.

Do note that even individuals with ...