Save your. That is one of the pillars of basic management of their bucks. Even if it's only a smidgen with the you earn, its still money secured - the maxim for successful human being. Open a savings account or keep money in the fixed deposit account and earn interest just in so doing nothing. Consider of opening up restricted accounts like money market accounts that earn a better interest rate (4 - 6%) and includes rules and regulations about extracting your money - curbing any binge spending when you're tempted to learn.

That someone should not necessarily your loved one. And you definitely shouldn't base your investment strategies on a tip in a friend. Instead, find someone that is well educated fiscal matters, properly credentialed, and, most importantly, works on a fee ONLY basis.

But remember that mind your family and friends aren't the only people you will need to worry about. estate planning isn't just a present needs done before your death