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 A Look at Diversification Diversification is an investment principle designed to manage risk, but it can't prevent against a loss. Managing the Risk of Outliving Your Money Steps to help you sustain and grow your retirement savings. How Financial Professionals Are Compensated Read this overview to learn how financial advisors are compensated.