Always save minimum 5% to 50% of what your income is.

Automate and make saving money effortless by authorizing your bank or investment company to direct debit your salary or income account for minimum 5% upto maximum 50% weekly, fortnightly, or monthly and invest them periodically in your preferred area of investment like stocks, managed funds, or properties.

When the economy is strong and the price of gold is moderate or low, buy some gold bullions, as they will fetch higher value in times of economic and political turmoil and have the capacity to return many time your investment. Remember that the real currency of the world in both good and bad times will continue to be gold. Avoid keeping gold in jewel (Bullion is most desirable) form if investing.

Think twice before buying any thing even on sales, as money gone is definitely gone.

Try to postpone buying anything you are mad about for a week or two. If you are still crazy about buying it after 2 week, go for it, if your budget allows.

Park your temporary cash into high interest bearing account of good banks until you can find suitable investment.

Develop a habit of keep loose money change in your shoebox, and when it is full, bank it and invest it.

Pay your mortgage fornightly rather than monthly, and you will save thousands of dollars over the life of the mortgage.