Srinagar, March 27 -- It is crucial to acknowledge the importance of establishing saving habits early and making informed investment decisions in order to take advantage of the power of compounding. The accumulation of wealth through saving and investing can help to fulfill significant financial obligations such as funding higher education for children, covering the expenses of a daughter's marriage, and providing for retirement income. Regrettably, contemporary society often prioritizes consumption, emphasizing luxury items and unnecessary spending on assets that depreciate in value, while also accumulating debt through credit card payments, loan installments, and various other forms of borrowing. This excessive spending not only increas...