New Delhi, Sept. 1 -- Yashna Bhuwania has challenged a social-media claim about building personal wealth. Bhuwania is the founder of investment platform Dhan Saarthi.

The original advice states that no one becomes wealthy through saving alone. It discouraged cutting back on coffee, restaurant visits and entertainment subscriptions. Instead, readers were urged to make their money work harder through investments.

"You save Rs.10,000 a month. Rs.1,20,000 a year. Rs.12 lakh in a decade. That's not wealth. Stop pinching pennies. Start making your money work harder than you do. One good investment does in 3 years what saving does in 30," says the original personal finance advice.

Bhuwania questioned the sharp separation between saving and in...