New Delhi, March 28 -- We are living in rapidly changing times and in today's fast paced world, millennials in India are facing unprecedented challenges along with unique opportunities to excel in their financial lives.

That is why with ever rising living expenses, taxes and evolving economic conditions, mastering indispensable skills to take control of your personal finances can definitely put in the foundation of a secure financial future. This article is dedicated towards discussing five critical rules every millennial should consider and follow to build wealth and achieve financial prosperity.

Sound financial planning begins with a well-structured budget. This kind of systematic planning helps you in keeping track of income, expense...