At young age generally people spend exaggeratedly and think that they will save when their salary will rise. But that day never comes, their expenses rise more than their income.
Today, the demand for a rental house has increased due to migration of people from one city to another in search of jobs and various redevelopment projects in the residential space.
Investment in gold can be done in two ways - physical form (purchase of gold coins and bars through banks and jewellers) and through gold ETFs.
Money comes in, money goes out. For many people, this is about as deep as their understanding gets when it comes to personal finances.
Rebalancing is necessary because the returns from different asset classes can vary. If I had reduced my equity exposure when the markets were making new highs in 2007, my portfolio would not have lost value in 2008.