The Economic Times

A Rs 10,000 SIP can turn into lakhs. CA shares a simple financial fix that can add Rs 10 lakh to your wealth

Chartered Accountant Nitin Kaushik warns against 'lifestyle creep,' where salary hikes are absorbed by increased spending, hindering wealth building. He advocates for annually increasing SIP contributions by just 10% instead of keeping them fixed. This simple habit, he explains, can significantly boost long-term wealth, creating substantial additional funds compared to stagnant investments.