.png)
The mistakes that undo wealth creation are consistent across the series you have already read. They are not new products going wrong. They are protection skipped, contributions interrupted, concentration dressed up as confidence, and a plan that only one adult can find. This list is the counterpart, on the creation side, to the protection mistakes recorded in the first pillar.
| Mistake | Correction |
|---|---|
| No protection | Finish the first pillar before raising the SIP. |
| Late start | Begin a modest amount this month. Increase later. |
| Too many similar funds | One core equity fund per long goal. |
| Catch-up speculation | Higher SIP, intact EPF, no borrowed bets. |
Most of these ten errors can be present in a household that still describes itself as “serious about investing.” Seriousness is the absence of these errors, not the number of folios.
Varun, who lives in Gwalior, had seven equity funds, no term cover equal to his income, and an EPF election of ₹1,800. He considered himself advanced because he read rankings. After a medical bill he redeemed two funds. The ranking habit had not been the problem. The missing protection and the thin contribution had. He bought cover, raised EPF when he next changed employer, and kept two funds. The list became shorter. The plan became harder to undo.
If you recognise four items on this list, fix those four before adding a product from any earlier series.
Treating this list as content you have already “done” because you have read it. The test is the household’s current behaviour.