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 The Real Cost of a Vacation Home What if instead of buying that vacation home, you invested the money? When Life Insurance Becomes Taxable Life insurance proceeds are generally tax-free. But not in all cases. Money that Buys Good Health is Never Ill Spent It's important to make sure your retirement strategy anticipates health-care expenses.