{"id":141450,"date":"2025-09-14T01:13:07","date_gmt":"2025-09-14T01:13:07","guid":{"rendered":"https:\/\/www.newsbeep.com\/au\/141450\/"},"modified":"2025-09-14T01:13:07","modified_gmt":"2025-09-14T01:13:07","slug":"want-to-build-wealth-ca-swears-by-7-thumb-rules-for-financial-freedom","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/au\/141450\/","title":{"rendered":"Want to build wealth? CA swears by 7 thumb rules for financial freedom"},"content":{"rendered":"<p>Building wealth can feel like rocket science\u2014full of jargon, graphs, and endless advice. But what if the secret is just a handful of simple rules anyone can follow? Chartered Accountant Abhishek Walia recently took to LinkedIn to break it down in plain numbers. From knowing how long your money takes to double, to figuring out how much life insurance you actually need\u2014his 7 thumb rules are like cheat codes for <a ref=\"dofollow\" data-ga-onclick=\"Inarticle articleshow link click#Magazines#href\" href=\"https:\/\/m.economictimes.com\/topic\/financial-freedom\" target=\"_blank\" rel=\"nofollow noopener\">financial freedom<\/a>.<\/p>\n<p> Walia explains that wealth-building isn\u2019t about complicated strategies but clarity and discipline. \u201cYou don\u2019t need to be a finance pro. You just need to remember a handful of numbers: 72, 4, 10\u00d7, 3\u00d7,\u201d he wrote. These numbers, he says, can shape smarter money habits that hold up even when the market is full of noise.<\/p>\n<p> So, what are these rules exactly? Here\u2019s the breakdown:<br \/>Rule of 72:<br \/>Want to know how long it takes for your money to double? Just divide 72 by your interest rate.<\/p>\n<p>\u00ab Back to recommendation stories<\/p>\n<p>4% Withdrawal Rule<br \/> Save 25\u00d7 your annual expenses and withdraw only 4% yearly\u2014you\u2019re retirement-ready.<br \/>50-30-20 Rule<br \/>Budgeting simplified\u201450% for essentials, 30% for wants, and 20% for savings.<br \/>100 \u2013 Your Age Rule<br \/> That\u2019s the percentage of equity you should ideally hold in your portfolio.<\/p>\n<p>40% EMI Rule<br \/>Loans should never eat up more than 40% of your income.<\/p>\n<p>10\u00d7 Insurance Rule<br \/> Your life cover should be at least 10 times your annual income.<\/p>\n<p>3\u00d7 Emergency Fund<br \/>Always keep three times your monthly expenses aside\u2014because life never goes as planned.<\/p>\n<p>Walia admits that these thumb rules aren\u2019t revolutionary, but they work. They provide clarity and discipline, especially when market noise threatens to cause distractions.Add <img decoding=\"async\" alt=\"ET Logo\" src=\"https:\/\/www.newsbeep.com\/au\/wp-content\/uploads\/2025\/08\/123467569.cms.png\"\/> as a Reliable and Trusted News SourceIn a previous tweet, CA Nitin Kaushik shared a few financial reality checks that hit hard. He mentioned that a single medical emergency can drain years of savings, a job loss can turn a \u201cchill lifestyle\u201d into survival mode, and a market crash can wipe out wealth overnight. Add family responsibilities, and the picture gets even tougher. His takeaway is clear: real security isn\u2019t about luxury brands or weekend trips. It\u2019s about having health insurance, an emergency fund, diversified investments, and multiple income streams\u2014so one unexpected disaster doesn\u2019t shatter your financial stability.<\/p>\n","protected":false},"excerpt":{"rendered":"Building wealth can feel like rocket science\u2014full of jargon, graphs, and endless advice. But what if the secret&hellip;\n","protected":false},"author":2,"featured_media":141451,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[64,63,99,186,196,38734,7585,184,185,96424,96423],"class_list":{"0":"post-141450","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-au","9":"tag-australia","10":"tag-business","11":"tag-finance","12":"tag-financial-freedom","13":"tag-investment-strategies","14":"tag-money-management","15":"tag-personal-finance","16":"tag-personalfinance","17":"tag-thumb-rules-for-wealth","18":"tag-wealth-building"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/141450","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=141450"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/141450\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/141451"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=141450"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=141450"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=141450"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}