50-30-20 Rule: How to Get Rich Faster with CA Nitin Kaushik's Advanced Tips for FIRE

50-30-20 Rule: How to Get Rich Faster with CA Nitin Kaushik's Advanced Tips for FIRE

50-30-20 rule, get rich faster, FIRE movement, financial independence, retire early, saving strategies, investing tips. Discover why the 50-30-20 rule is a great start for managing money, but to achieve financial freedom quicker, you need to go beyond it. CA Nitin Kaushik shares how saving 40%, 50%, or even 60% of your income can speed up your journey to early retirement. In this video, we break down the basics of the 50-30-20 rule: 50% for needs, 30% for wants, and 20% for savings. But for those chasing FIRE, it's about aggressive saving and smart investing to build a massive corpus. Learn about young Indians' ambitions for early retirement, backed by surveys, and how to handle decades of expenses without a paycheck. We'll cover practical steps to take the rule further, ensuring you live life on your own terms sooner. Don't just follow the rule—supercharge it for faster wealth building!