Get Rich Faster: Elevate the 50-30-20 Rule for Financial Freedom

50-30-20 rule financial independence FIRE movement save money invest wisely get rich faster retire early Discover how the simple 50-30-20 budgeting rule can transform your finances. In this video, we explore CA Nitin Kaushik's insights on taking it further to achieve early retirement and wealth. Learn why saving more than 20% accelerates your path to financial independence, drawing from the FIRE movement and real survey data on young Indians aiming for early retirement. We'll break down: Basics of the 50-30-20 rule: Half for needs, 30% for wants, 20% for savings. Going beyond: Save 40% or more for faster wealth building. Practical tips to manage expenses, invest aggressively, and cover long-term costs like inflation and healthcare. Real-world examples and mindset shifts for living on your terms sooner. Whether you're new to budgeting or chasing FIRE, this strategy can help you retire decades earlier. Subscribe for more financial tips and start optimizing your money today.