The Economic Times

Trying to look rich at 30? CA points out a habit which could keep you middle class for life

Chartered Accountant Nitin Kaushik warns that projecting an image of wealth through expensive purchases in one's twenties and thirties can sabotage long-term financial growth. He highlights that social media pressure to display luxury items diverts crucial seed capital needed for compounding, keeping a generation from achieving true wealth. Kaushik advocates for building an 'unstoppable compounding machine' through disciplined investing rather than chasing an 'illusion of wealth'.