CA says you don't need Rs 50 lakh in bank to invest like the rich, suggests a 3 small steps to start with

Think investing is only for the rich? Think again. Chartered Accountant Nitin Kaushik has gone viral on X after dropping a brutally simple truth bomb: you don’t need Rs 50 lakh in your bank account to start investing like a millionaire—you just need three smart habits. His post is now resonating with thousands who’ve realised that building wealth isn’t about working harder, but working smarter with your money.

Here’s his three-step game plan that even beginners (and the broke) can adopt:

1. Why are you investing?
Kaushik says the wealthy don’t invest randomly—they always have a goal. Whether it’s short-term goals like building an emergency fund, buying a new iPhone, or planning a solo trip, or long-term ones like early retirement, a child’s education, or a dream house—every investment has a “why” behind it.

The advice? Write down your goals and stick them on your fridge. That daily visual reminder keeps you focused and motivated.

Millionaires Don’t Work Harder—They Work Smarter With Money. Here’s How YOU Can Too (Even If You’re Broke)

You don’t need ₹50L in the bank to invest like the wealthy.
You need 3 dead-simple habits that most people ignore.

Let’s break them down 👇🧵#stockmarketscrash #finance… pic.twitter.com/vozS0fpTvS

— CA Nitin Kaushik (@Finance_Bareek) July 17, 2025

2. Always budget
Budgeting isn’t about killing joy—it’s about buying freedom. Kaushik suggests tracking every rupee coming in and going out using a Google Sheet or finance app. Once you’ve taken care of essentials like rent, bills, and groceries, the next step is to save—and most importantly—invest 10–20% of your monthly income.

Even starting with Rs 5,000 a month can grow into over Rs 46 lakh in 20 years (assuming 12% returns). His simple hack? Cancel just one unnecessary expense—like that second Zomato order—and channel it into your SIP instead.

3. Automate investing
What sets wealthy investors apart? Systems—not willpower. Kaushik recommends setting up a Systematic Investment Plan (SIP) with a fixed amount and date, so it auto-deducts from your account each month. Once it’s set, forget it. The key is to avoid panic-selling when markets dip and to review your plan every 6 to 12 months, increasing the SIP as your income grows. Automation ensures consistency, even when motivation wanes.

Why does it matter?
Most people believe investing is something you do after you get rich. Kaushik flips that logic: investing is how you get there. The takeaway? Start small, stay consistent, and let compounding work its magic.