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 Question Thank you! Oops! Related Content A Look at Diversification Diversification is an investment principle designed to manage risk, but it can't prevent against a loss. Tax-Advantaged Retirement Planning Reduce your tax liability in retirement. Ask a Financial Professional: Prepping For Parenthood No couple is a 100% ready for a baby. So how expectant parents can get primed for the biggest change of their lives?