The Economic Times

Your father earned far less but built more wealth. Bengaluru CA explains how they turned their money into assets

Many high earners today struggle to build wealth, despite significantly higher incomes than previous generations. Chartered accountant Meenal Goel suggests the difference lies not in income, but in how money is utilized. While parents' income growth often translated to asset growth, today's earners frequently see increased salaries lead to lifestyle upgrades and higher expenses, hindering wealth accumulation. The key, Goel emphasizes, is mindful spending and prioritizing long-term financial health.