How to become a millionaire? CA shares the ‘boring’ truth behind becoming a millionaire on an average salary

In a world obsessed with high-paying jobs and flashy lifestyles, Chartered Accountant Nitin Kaushik is cutting through the noise with refreshingly simple advice. Taking to X, Kaushik shared a perspective on wealth-building that challenges the belief that only massive salaries create millionaires. His message struck a chord online for one reason—it focused on patience, discipline, and long-term thinking rather than shortcuts or overnight success. According to him, wealth is built quietly, over time, by people who stick to unglamorous but effective habits.

Time

Kaushik explained that while earning more money can help, it is not the main driver of wealth creation. The real engine, he said, is time. When money stays invested for decades, compounding does most of the work. Even a small amount invested early can outperform a much larger amount invested later in life. This, he pointed out, is not motivational talk but simple mathematics that plays out over long periods.

Consistency

He also highlighted the importance of consistency. Regular investing, even in modest amounts, creates momentum that builds quietly in the background. Missing months or breaking the habit disrupts this process and weakens the power of compounding. According to Kaushik, it is not the size of the investment that matters most, but the discipline to keep showing up month after month.

— Finance_Bareek (@Finance_Bareek)

Costs

Another major factor he flagged was cost. Kaushik described fees as a silent killer of wealth. An extra one or two per cent in charges may seem insignificant at first, but over 25 to 30 years, it can erode a substantial portion of the final corpus. Low-cost investing, he stressed, ensures that more money remains invested and continues working for the investor instead of being lost to fees.


Kaushik summed up his point by calling attention to an uncomfortable reality. Millionaires are rarely created overnight. They are built through boring decisions repeated consistently over many years. Starting early, investing regularly, and keeping costs low may not sound exciting, but according to him, this approach works—even for those earning an average salary.