The Economic Times

Your Rs 30 lakh salary may mean nothing if you ignore this one number, says CA Nitin Kaushik

A high salary doesn't guarantee wealth; your savings rate is the true indicator of financial success. CA Nitin Kaushik emphasizes that if expenses rise with income, you're merely upgrading your lifestyle, not building wealth. He advises tracking savings rate (savings/net salary) and aiming for over 35% for significant wealth creation through compounding. The gap between income and spending, not just earnings, defines lasting financial freedom.