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 Risk Perspective Is it possible to avoid loss? Not entirely, but you can attempt to manage risk. Redirect Your Spending Fast A spending fast can redirect your financial life. Recognizing the Challenges of Custodial Care The goal for most, when planning for retirement, is to ensure financial independence and never run out of money.