for doing so only a portion of your wealth might be needed for your routine activities the rest must be invested efficiently to earn an income or grow in value what you do not need immediately should be allowed to appreciate allocate your wealth between growth and income based on what you have and what you need do not allow fear and misinformation to guide your investment decisionsseventh do not provide information about and access to your money to others however close you deem them to be many in the group had delegated money management to their children spouse financial adviser or a relative as long as they got money when they needed it they did not care much about what was there and how it was being held this is a lazy indiscreet and callous attitude towards money learn to manage your money and take charge secure your bank account learn netbanking make those trips to the atm yourself and check your accounts from time to timeeighth keep the paperwork in order pay your taxes and file your returns ensure that nominations are completed and in order for all your wealth and investments consolidate and hold fewer investments so that acting on them is easier close accounts that are not in use or have maturedwe did a quick round of polling that evening converting these eight pointers into questions and seeking yes or no as answers from the group sadly our fun loving women scored too low the average score for yes being three out of eight it is wonderful to enjoy the powers of money as a currency for fun it is equally important to acquire a strategic orientation to personal financethe author is chairperson of centre for investment education and learning