Many people don't like talking about money and at the same time, many people struggle financially. The rich getting richer and the poor getting poor.
The reason behind this is, the poor people aren't investing in assets like stocks, real estate, gold, and bonds.
They live paycheck to paycheck. And worse, they borrow money to spend and pay high interest for it.
Saving 20% of income every month makes a person financially independent over time.
The younger the person starts investing, the better for the person.
It is important to pay off all the debts before start investing.
But Investing is also a risk in short term.
One should not invest all his money in a lump sum, instead SIP a small amount monthly.
One should not invest all his money in a single company, diversify in many stocks (or just invest in S&P 500), REITs, Real estate, bonds, and gold.