Financial Freedom Blueprint: Wealth creation is often portrayed as a game of luck, inheritance, or high-paying jobs, but Chartered Accountant Nitin Kaushik believes it’s far more about structure, discipline, and consistency. In a now-viral post on X (formerly Twitter), he shared a practical roadmap that he claims can help anyone — even starting from scratch — build wealth of over ₹1 crore.
According to Nitin, this approach doesn’t require windfalls or risky bets, but a long-term, systematic strategy. “It’s not about luck. It’s about systems and consistency,” he wrote, calling it a financial freedom blueprint most people overlook.
Step 1: Build Your Safety Net
The journey begins with security. Nitin recommends setting aside ₹1 lakh in a savings account or fixed deposit as an emergency buffer. This ensures that unexpected events — like job loss, medical issues, or sudden expenses — won’t derail your investment plans.
Step 2: Start a SIP and Stay Consistent
Nitin emphasizes the power of systematic investment plans (SIPs). He suggests investing ₹10,000 per month in equity mutual funds. Over 20 years, this can grow to over ₹1 crore. “Consistency matters more than timing the market,” he says, underlining that steady investing beats speculative strategies.
Step 3: Build a Side Income
Relying only on your main job limits wealth growth. Nitin advises developing a side hustle — freelancing, content creation, tutoring, or similar — aiming for ₹30,000 per month. Over 10 years, this alone could add ₹30–40 lakh to your net worth.
Step 4: Protect Yourself with Insurance
Financial stability isn’t just about growth — it’s about protection. Nitin recommends term insurance worth 10–15 times your annual income, along with health insurance of ₹10–20 lakh. He warns against high-interest loans and unnecessary EMIs that can eat into savings.
Step 5: Create Your ‘Freedom Fund’
The ultimate goal, says Nitin, is to accumulate 25 times your annual expenses — what he calls the “freedom fund.” For example, if your yearly expenses are ₹6 lakh, your target should be ₹1.5 crore to achieve financial independence.
The Skill Advantage
Beyond investments, Nitin stresses the importance of skill development in areas like coding, writing, marketing, or finance. According to him, skill-based earnings can compound faster than even the stock market, accelerating wealth creation.
The Long Game
Nitin concludes that most people underestimate the power of consistent effort over 10–15 years. “This is the silent compounding path to ₹1 crore and beyond,” he writes — a reminder that real wealth is built patiently, not overnight.
