From GenZ to Millennials, the concept of saving and building wealth is a crucial aspect of personal finance. Edelweiss CEO Radhika Gupta offers valuable advice on how much one should save during their 20s, 30s, and 40s to achieve financial stability and security.In your 20s, it is essential to develop a habit of saving and investing, even if it’s a small amount. Gupta suggests that individuals in this age group should allocate at least 10% to 20% of their income towards savings and investments. This amount may seem modest, but it lays the foundation for long-term wealth creation.As you enter your 30s, your income is likely to increase, and so should your savings. Gupta recommends saving around 30% to 40% of your income during this decade. This significant increase in savings will help you build a substantial corpus and make progress towards your long-term financial goals.In your 40s, you are likely to be at the peak of your earning potential, and your savings should reflect this. Gupta advises individuals in this age group to save at least 50% to 60% of their income. This aggressive savings strategy will enable you to accelerate your wealth creation and make significant progress towards achieving your financial objectives.Gupta’s advice emphasizes the importance of starting early, being consistent, and increasing your savings over time. By following this approach, you can build a strong foundation for wealth creation and achieve financial stability and security throughout your life.

by | Aug 29, 2025 | Edelweiss Tokio, Insurance

Radhika Gupta, the CEO of Edelweiss Mutual Fund, has written a book called Mango Millionaire, in which she emphasizes the importance of saving in achieving financial success. She compares saving to net practice in cricket, stating that just as a player cannot enter a...