New Delhi, March 14 -- Building wealth is not only about earning more but also includes financial planning that takes into account your monthly expenses, savings, investments and future requirements - plus factors outside your control i.e. inflation.

'Fake it till you make it' is an aphorism often used as advice about managing image ahead of success. But Chartered Accountant (CA) and financial advisor Nitin Kaushik feels that when it comes to becoming rich, "Faking wealth is the fastest way to stay BROKE."

He explained, "Most people spend money they haven't earned to buy things they don't need to impress people they don't even like. It is a cycle driven by a fear of appearing unsuccessful, but the math of status-seeking is a zero-sum ga...