All of us must have some debt investments . Some of us would like to know answer to the below questions. “I live frugally, and save all the money that I can in Fixed Deposits, Public/Employee Provident Fund, and National Savings Certificates. When do you think will I get rich?" the answer to this is: 1. Debt instruments preserve your money: Yes, and they preserve it exactly as it was! Your money does not grow in a debt instrument. 2. The ‘interest’ that you get in a debt instrument is equal to, or less than inflation: Over a long period of time, the interest is equal to inflation, that is all. That means the money is preserved, if at all. 3. The interest that you receive, howsoever meagre, is taxed at regular rates: So, if you are a tax payer, a small part of the interest received is lost to taxation. In fact the bank may deduct about 10 per cent tax, and the balance tax will have to be paid by you as an advance tax. 4. The impact of the taxation is so bad that comp