Business
Forget Hot Stock Tips: These 2 Money Habits Alone Can Help You Build Wealth Up To Rs 2 Crore
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Many investors focus on equities and the stock market, often overlooking a crucial component that should be part of every investment portfolio
Nitin Kaushik said that instead of chasing returns, people should focus on their behaviour, investment ratios, and discipline. (Representative/Shutterstock)
Social media is flooded with ‘quick riches’ advice and flashy stock tips, yet few ever see real results. Wealth creation, experts say, is far simpler than these trends suggest. Cutting through the noise, a chartered accountant has now shared a clear, practical mantra for building wealth, a formula he says works no matter one’s income is, whether it’s Rs 1 lakh or Rs 10 lakh.
Chartered accountant Nitin Kaushik took to X to explain that wealth stems from good habits, not just high returns.
In his post, he wrote, “Two money habits can make you rich quietly, while others stay busy chasing investments.” He believes real wealth is built through calm, consistent actions—small monthly investments, a clear budget, and periodic rebalancing.
According to Nitin Kaushik, the real problem is that most people lack a system. Whether someone earns Rs 100,000 or Rs 10 lakh, money disappears quickly if it isn’t directed with purpose. “Becoming rich doesn’t start with earnings, but with intentions,” he noted, emphasising that wealth depends more on mindset and discipline than on income.
Habit 1: Compound Interest
The first habit Kaushik highlighted is the power of compound interest, which he called “a force of nature.” Kaushik explained that investing Rs 25,000 a month at a 12% annual return can grow to about Rs 20 lakh in five years, but the same habit maintained for 20 years can build roughly Rs 2.4 crore. He advised that one should start as early as possible to let compounding work in thier favour.
Habit 2: Portfolio Rebalancing
The second habit is portfolio rebalancing. This involves adjusting investments periodically to maintain a balance between equity and debt (stocks and bonds).
He explained, “If you initially hold 70 percent equity and 30 percent debt, but as the market rises, the ratio becomes 85:15, rebalancing helps bring it back to the correct level.” Kaushik added, “It’s like pruning a tree. Pruning is not done to harm it, but to make it stronger.”
Kaushik summed up his thoughts in one line: “Compound interest builds wealth, rebalancing preserves it. One rewards your patience, the other secures your growth.” He added that instead of chasing returns, people should focus on their behaviour, investment ratios, and discipline, as these are the factors truly within their control.
Why Is It Important To Invest In Debt Funds?
Most people invest in equity funds or the stock market, but debt funds are often overlooked, even though they should be an essential part of every investment portfolio. Debt funds are mutual funds that invest in government bonds, corporate bonds, treasury bills, and other fixed-income securities. In simple terms, these funds lend money to companies or the government and earn income through interest.
The benefits of debt funds include:
- Stable returns and lower risk: Debt funds carry less risk and offer steady, predictable returns, making them a safer option for those wary of stock market volatility.
- Diversification: Debt funds balance a portfolio by providing stable returns when equities fall, maintaining overall balance and stability.
- Liquidity: Many debt funds allow for easy and quick withdrawals, unlike fixed deposits with lock-in periods, making them ideal for sudden cash needs.
- Tax benefits: Long-term debt fund investments (over 3 years) offer indexation benefits, reducing tax burdens and making them more tax-efficient than fixed deposits.
- Protection and opportunities from interest rate fluctuations: Debt funds can provide good returns when interest rates fall, as the value of older high-interest bonds increases, offering opportunities for investors.
- Ideal for new investors: Debt funds are a great entry point for those new to mutual funds, helping build investment habits with less risk.
Disclaimer:Disclaimer: The views and investment tips by experts in this News18.com report are their own and not those of the website or its management. Users are advised to check with certified experts before taking any investment decisions.
November 14, 2025, 17:49 IST
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Business
What the UK bought in 2025 – from bucket hats to Labubu toys
Bucket hats, strawberries and cream sandwiches, and Greggs sausage rolls drenched in KFC gravy defined British consumer spending this year.
We explore the nation’s purchases, month by month.
January
An average temperature of 3C as well as Storm Eowyn bringing 100mph winds and a danger to life to the UK has consumers largely staying indoors. Spending on digital content and subscriptions increased 8.3 per cent year-on-year and growth in spending on takeaways hit a year-long high of 5.1 per cent, according to Barclays.
However, alongside this, online purchases of exercise equipment rise by 60 per cent on the month before, according to Adobe, while spending on supplements including multivitamin powders and pills increases by 26 per cent and sales of fruit and vegetables rise by 24 per cent.
February
More than a quarter of UK adults (27 per cent) plan to focus more on healthy eating as the warmer weather approaches. One in three (30 per cent) say they are paying closer attention to ingredient and nutrition labels and a fifth (22 per cent) have considered, or are already growing, their own fruit and vegetables at home.
This comes as 27 per cent say they are more likely to visit shops and restaurants that offer “healthier” options, increasing to 45 per cent of those aged 18-24. Sought-after alternatives include zero-sugar treats (33 per cent), organic or whole foods (29 per cent) and low or no alcohol drinks (24 per cent).
March
Easter eggs have gone up in price by as much as 50 per cent on last year while shrinking in size, according to Which? – the result of the price of chocolate rising by 16.5 per cent in a year.
Women experiencing perimenopause and menopause are spending an average £1,800 a year on products such as vitamins and smart watches to combat symptoms such as fatigue and hot flushes, a survey suggests.
Some 76 per cent of women are buying vitamins and minerals, 52 per cent have bought supplements and 40 per cent have spent money on hormone support to help manage symptoms, the poll for buy now, pay later service Clearpay found.
April
The so-called “awful April” price hikes combined with high energy costs see the average household facing an annual increase of £1,254 from essential bill rises, according to figures from comparison site Uswitch.
The third consecutive increase to Ofgem’s price cap sees the bill of a typical household paying by direct debit rise 6.4 per cent, an increase of £111 a year or £9.25 a month after it went up by 10 per cent in October and another 1.2 per cent rise in January.
This is 9.4 per cent or £159 higher than this time last year but £531 or 22 per cent lower than at the height of the energy crisis at the start of 2023.
May
The competition watchdog announces that British vets could face a temporary price cap over concerns that pet owners are being ripped off.
The Competition and Markets Authority is looking into the veterinary industry after 56,000 people raised concerns about the sector, including that they are overpaying for medicines and prescriptions and are not being given basic information such as price lists and prescription costs.
Heinz launches a new Fish & Chips Sauce in a rebranding of the classic condiment Tartare sauce.
The food giant urged consumers to think of its new sauce as “Tartare 2.0”, with the packaging describing the contents as “Tartare Sauce” and listing ingredients as including gherkins, dill, salt, parsley and mustard.
June
Consumers begin to grapple with what will become the UK’s hottest summer on record – complete with four heatwaves between June and August.
Waitrose ice cream sales rise by 10 per cent on the year before, while John Lewis reports sales of garden furniture are up 21 per cent on the previous June, while it sells one million of its basic Anyday handheld fans over the year.
The National Lottery sells 18,600 tickets a minute on June 6 at the peak of the record £208 million EuroMillions jackpot draws.
The run of EuroMillions draws lasting more than 10 weeks generates both the highest ever UK sales of more than £550 million and the biggest ever returns to good causes in the history of the game.
Marks & Spencer launches a dessert sandwich filled with strawberries and cream.
The £2.80 “game-changing” limited edition Red Diamond Strawberry & Creme Sandwich is filled with the fruit and light whipped cream cheese on fluffy sweetened bread.
July
Oasis’s long-awaited Live ‘25 reunion tour kicks off in Cardiff on July 4.
The tour sets off a boom in sales of bucket hats, with even John Lewis reporting sales are up 40 per cent in the first half of 2025 in comparison with the same period in 2024.
Tesco reports record fruit sales as consumers seek to stay hydrated amid high temperatures.
The UK’s biggest supermarket says it has seen overall demand for fruit soar by an “unprecedented” near 10 per cent over the month, with berries, stone fruit, kiwis, melons, watermelons, pineapples, grapes and bananas all hitting record volume growth.
The grocer said it had ordered extra supplies ahead of days of forecasted 30C temperatures to cope with expected demand.
August
Greggs and KFC team up to create the “culinary crossover of the century” in the form of a sausage roll drenched in gravy.
The high street food giants worked together for the first time to offer the Greggs sausage roll with KFC gravy, claiming it is the “mash-up the nation’s been craving” and “seriously flavoursome”.
September
The extended hot summer leads to sales of swimwear breaking records at John Lewis, up 18 per cent in September and 28 per cent in October on the previous year. The late summer also saw outdoor cooking kit sales continuing to soar by 42 per cent at the department store.
Fake Labubu dolls – tipped to be a best-selling toy this Christmas – are seized amid warnings they could pose a potentially fatal choking hazard for young children.
Later this month, the Intellectual Property Office says fake toys worth more than £3.5 million have been seized at the UK border already this year, with 75 per cent of them failing critical safety tests.
Of the 259,000 fake toys intercepted at the border, 90 per cent of them – or 236,000 items – were counterfeit Labubu dolls.
High street food chain Greggs announces it is to open its first pub within the Fenwick Newcastle department store, serving exclusive beers and a menu featuring its classic bakes and sausage rolls.
October
Charlie Bigham launches a range of supermarket ready meals costing up to £30 to appeal to consumers balking at the soaring price of dining out.
The entrepreneur’s new Brasserie range of beef wellington, salmon wellington, coq au vin, duck confit and venison bourguignon was motivated by the rising cost of eating in restaurants, the entrepreneur said.
Almost half of adults (48 per cent) in Great Britain have gambled in the last four weeks, according to an annual survey by the Gambling Commission.
The headline figure falls to 28 per cent when those who had only bought tickets for a lottery draw were excluded.
Virginia Giuffre’s posthumous memoir Nobody’s Girl goes on sale, in which she writes about her three alleged sexual encounters with the then Prince Andrew.
TGJones, formerly WHSmith, reports sales of the memoir increasing every day since its launch on October 21. The retailer said it was selling three times as many copies of the book as it predicted it would.
November
The Classic Bagel from London’s Papo’s Bagels is named Deliveroo’s most popular order among any of its worldwide operations, according to the firm.
Papo’s, an independent, family-run bagel kitchen, was the most ordered takeaway on Deliveroo this year with its Classic option, which combines smoked salmon, cream cheese, sliced red onion, tomatoes and capers.
Consumers learn fresh British-grown strawberries will be widely available to buy this Christmas after a firm extended the season to 12 months with new technology.
The Summer Berry Company, one of the UK’s leading fruit producers based near Chichester, is now growing British strawberries at a commercial scale all year round with the help of LED technology through the colder months.
The final of The Celebrity Traitors attracts 11.1 million viewers. John Lewis reports a run on wrist warmers after the show’s presenter Claudia Winkleman wears them throughout the series.
December
High street baker Greggs strikes again, launching its first range of Christmas cards which come with the gift of a sausage roll.
The range – called the Ultimate Secret Santa Surprise – includes a £3.95 card featuring heat-activated ink which, when warmed, reveals a code to redeem a free sausage roll or vegan sausage roll.
The cards come with the option to personalise some of the designs, such as by adding a loved one’s face to a sausage roll.
Consumers learn Christmas dinner will cost a few pence less than last year in some rare good news for household budgets.
A turkey and all the trimmings for four will cost an average £32.46 this year, slightly down on last year’s £32.57 – which was up 6.5 per cent on the year before, according to market research firm Worldpanel by Numerator, formerly Kantar.
Tesco announces it is giving away ‘wonky’ Christmas trees to help the nation embrace “the parts of Christmas that aren’t always perfect but are still just as wonderful”.
Business
Video: The Biggest Questions We Have for 2026
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December 31, 2025
Business
No More Mandatory Probate Of Will In Mumbai, Chennai, Kolkata: What Does It Mean For Heirs?
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Probate of wills is no longer mandatory in Mumbai, Chennai and Kolkata after Parliament amended Section 213 of the Indian Succession Act, 1925.
ig Relief For Families: Wills No Longer Need Probate In Mumbai, Chennai, Kolkata
The probate of wills is no longer mandatory now in Mumbai, Chennai and Kolkata. The Indian government has brought amendment into Section 213 of the Indian Succession Act, 1925 under the Repealing and Amending Act, 2025.
Probate is a court’s legal confirmation that a will is valid. It allows the executor to distribute the deceased person’s assets.
Parliament passed the Repealing and Amending Act, 2025, which deletes Section 213, ending the requirement of mandatory probate for wills in Mumbai, Chennai, and Kolkata.
The government argued that the rule was a colonial-era provision, discriminatory, and causing unequal treatment between communities and regions.
What does this mean for heirs now?
Heirs of Mumbai, Chennai and Kolkata can claim property without probate like in other parts of the country. Banks, registrars and authorities may accept the will directly.
The process becomes faster, cheaper and less court-driven.
However, probate is still required in case there is a dispute over the will. The matter then can be proceeded with in the court for resolution.
Why was mandatory probate only for Mumbai, Chennai & Kolkata?
The mandatory probate was applicable only for these three cities, which reflects a remnant of the colonial era. The British created special succession rules only for these cities.
During British rule, Mumbai (Bombay), Chennai (Madras) and Kolkata (Calcutta) had Presidency High Courts.
Muslims and Christians were already exempt from mandatory probate even in these cities. This Section only applied over Hindus, Buddhists, Sikhs, Jains and Parsis.
December 31, 2025, 13:01 IST
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