Many middle-class families believe that diligently saving money in bank accounts is enough to build wealth, but true wealth creation requires investing in assets like equities, mutual funds, or real estate.
Investing can start with as little as Rs 100 a month through mutual fund SIPs, offering the benefit of compounding over time.
While real estate has been favored traditionally, diversifying into stocks, mutual funds, and bonds can offer better returns and flexibility, especially for younger earners.
Challenging misconceptions and adopting smarter financial strategies is crucial for the middle class to build lasting wealth by breaking free from common money myths.