A chartered accountant recently turned heads on social media with a thought-provoking post on financial discipline and long-term wealth creation. CA Nitin Kaushik, known for his expertise in personal finance, took to platform X to unravel the timeless philosophy of spending what remains after saving—rather than saving what remains after spending. He rooted this wisdom in the teachings of master investor Warren Buffett, reminding people that building wealth is more than numbers—it’s about creating a life of freedom, choice, and security.
Kaushik emphasized that every rupee invested becomes a tireless worker, one that operates around the clock without asking for breaks, benefits, or promotions. When money is strategically invested, it forms an invisible but powerful force that continues to grow, forming the foundation for lasting financial independence.
Harnessing the Power of Time and Compounding
To illustrate how money can multiply with consistency and patience, Kaushik provided a striking example. A monthly investment of Rs 10,000 at an 8% annual return could grow into Rs 18.29 lakh in a decade, Rs 59.31 lakh in two decades, and a staggering Rs 1.5 crore over thirty years. This exponential growth isn’t about chasing high returns but about using time as a powerful ally. The real driver is consistency—making disciplined contributions over the long haul.
Simple Steps to Begin Building Wealth
Kaushik laid out a series of practical suggestions for those starting their financial journey. First and foremost: begin immediately, regardless of how small the amount may be. Even ₹1,000 a month has the potential to build into a meaningful sum when given enough time. The earlier one starts, the more effective compounding becomes.
He also encouraged focusing on assets that grow in value and generate income—like equities for capital growth, real estate for passive income, mutual funds for risk-spread investments, and even entrepreneurial ventures that offer compounding returns through reinvested profits.
Another essential habit he endorsed was the reinvestment of returns. Instead of spending the gains, allowing them to remain invested enables compounding to accelerate, turning modest savings into significant wealth over time.
Steering Clear of Financial Pitfalls
Avoiding unproductive debt is equally important. Kaushik advised staying away from liabilities such as credit card bills or loans for luxury items and instead using beneficial debt—such as home or business loans—to acquire appreciating assets. Finally, he reminded his followers that wealth-building is not about speed but about steady, patient effort over years.
About Nitin Kaushik
According to his LinkedIn profile, Nitin Kaushik is a qualified chartered accountant with a background in commerce from Delhi University. His insights reflect not only academic knowledge but also years of financial wisdom, aimed at helping others achieve financial independence through thoughtful investing.
Kaushik emphasized that every rupee invested becomes a tireless worker, one that operates around the clock without asking for breaks, benefits, or promotions. When money is strategically invested, it forms an invisible but powerful force that continues to grow, forming the foundation for lasting financial independence.
Harnessing the Power of Time and Compounding
To illustrate how money can multiply with consistency and patience, Kaushik provided a striking example. A monthly investment of Rs 10,000 at an 8% annual return could grow into Rs 18.29 lakh in a decade, Rs 59.31 lakh in two decades, and a staggering Rs 1.5 crore over thirty years. This exponential growth isn’t about chasing high returns but about using time as a powerful ally. The real driver is consistency—making disciplined contributions over the long haul.Simple Steps to Begin Building Wealth
Kaushik laid out a series of practical suggestions for those starting their financial journey. First and foremost: begin immediately, regardless of how small the amount may be. Even ₹1,000 a month has the potential to build into a meaningful sum when given enough time. The earlier one starts, the more effective compounding becomes.He also encouraged focusing on assets that grow in value and generate income—like equities for capital growth, real estate for passive income, mutual funds for risk-spread investments, and even entrepreneurial ventures that offer compounding returns through reinvested profits.
Another essential habit he endorsed was the reinvestment of returns. Instead of spending the gains, allowing them to remain invested enables compounding to accelerate, turning modest savings into significant wealth over time.
