The Economic Times

Are you losing a decade of wealth? CA explains the math behind bad financial choices

Chartered accountant Nitin Kaushik reveals financial planning hinges on simple math. Ignoring rules like the Rule of 72, 50/30/20, and the one-third housing rule delays wealth building. Car purchases and retirement readiness also follow clear guidelines. Breaking these benchmarks means working longer. An emergency fund is crucial insurance. Financial stability requires awareness of these choices.