50-30-20 Rule to Get Rich Faster: CA's Secret Step for Financial Freedom

50-30-20 rule financial independence FIRE movement CA Nitin Kaushik saving tips get rich faster Learn how the popular 50-30-20 rule can help you build wealth, but discover why taking it further is key to retiring early. In this video, we break down the basics: 50% for needs, 30% for wants, and 20% for savings. But as chartered accountant Nitin Kaushik explains, ambitious savers in the FIRE community push it to 40%, 50%, or even 60% to accelerate financial independence. We'll explore why saving more now means living life on your terms sooner, with insights from a recent Grant Thornton survey on Indian pension goals. Find out how to bridge the gap between comfort and true freedom, including strategies for aggressive saving and smart investing. Perfect for beginners and those chasing early retirement.