The Economic Times

You arent building wealth: CA Nitin Kaushiks blunt warning about salary hikes and lifestyle upgrades

CA Nitin Kaushik warns that spending every salary hike on lifestyle upgrades can keep savings stuck. He points out that young professionals receiving a 15% raise may quickly upgrade their flat or buy a luxury car, absorbing the extra cash flow. Kaushik recommends directing at least 50% of every salary hike into existing monthly SIPs to accelerate compounding. If investments dont rise with income, he says, youre simply upgrading expenses, not building wealth.