CA Nitin Kaushik Highlights Early Saving and Lifestyle Inflation Impact on Wealth Building

CA Nitin Kaushik advises that starting to save modest amounts early, such as Rs 5,000 monthly in your 20s, can grow to nearly Rs 35 lakh by age 40 through compounding returns. He warns against lifestyle inflation, where salary increases lead to higher expenses without wealth accumulation, describing this as a 'hamster wheel' effect. Kaushik emphasizes disciplined saving and investing, resisting social pressures, and maintaining emergency funds to achieve long-term financial independence and avoid the pitfalls of consumer-driven spending.