Will the 70-20-10 budgeting rule keep you stuck in the middle class? CA Nitin Kaushik shares his blunt wealth-building advice

CA Nitin Kaushik argues that blindly following the 70-20-10 budgeting rule could keep young Indians “stuck in the middle class.” He says high rent, taxes and food inflation can push essential expenses beyond 70% in metro cities. Instead, he advises aggressively reducing fixed lifestyle costs and investing 30% to 40% in high-growth assets to benefit from early compounding.