The Economic Times

Cutting subscriptions and eating out less wont make you wealthy: CA shares financial advice on what to do instead

CA Nitin Kaushik says cutting expenses can help, but it has limits when it comes to building wealth. Cancelling subscriptions, eating out less and saving Rs 5,000 to Rs 10,000 more each month can help, but increasing income can have a bigger impact. He also stresses investing savings to combat inflation and benefit from compounding. His wealth-building approach is simple: earn more, save more, invest wisely and compound.