August 10, 2025

Building big wealth may seem like a far-off dream for many middle-class families. But guess what? CA Nitin Kaushik reveals on X how regular folks with average incomes can turn their money game around and reach over Rs 1.2 crore in just 10 years! How? With smart, steady steps—not luck or huge paychecks. First up, Kaushik says, "Prioritize financial goals early!" If you want your child’s future safe and sound, start investing right when they are born. Putting aside Rs 10,000 every month in mutual funds via SIPs and in the Public Provident Fund (PPF) can grow to about Rs 60 lakh in 15 years. The magic: mutual funds earn an estimated 12% yearly, while PPF offers safety and tax benefits. Next, about that dream house. Kaushik warns, "Don’t rush into home loans!" Rent for a while and build a hefty down payment—about 25% of the house price. When you buy, keep your loan term short (10 years) and EMIs under 35% of your income. This cuts interest pain and frees you faster. Planning for old age? Don’t just hope EPF saves you! Kaushik urges boosting your National Pension System (NPS) contributions and keeping separate retirement SIPs. Aim for a comfy Rs 30-35 lakh corpus in 10 years to tackle inflation and unknown bumps on the road. What’s the secret sauce? Simple money habits! Kaushik shouts out: "Avoid lifestyle inflation! Track your expenses, delay vacations, and celebrate small wins like hitting a Rs 5 lakh SIP or prepaying loans." These tiny, steady steps win the marathon. After a decade of this disciplined money dance, families typically stack up: Rs 72 lakh in mutual funds, Rs 28 lakh through PPF, EPF, and NPS, Rs 8 lakh in fixed deposits and emergency funds, and about Rs 15 lakh in home equity after loans. Even after considering average home loans of Rs 22 lakh, net wealth crosses a dazzling Rs 1.2 crore! Kaushik’s golden nugget: "Wealth is built through patience, consistent investing, and smart choices—not quick wins." So, middle-class warriors, with early starts and strong discipline, your financial dreams are just an exciting journey away!

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Tags: Wealth building, Middle-class finance, Investment tips, Mutual funds, Ppf, Retirement planning,