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<\/p>\nPremium Updated Oct 15, 2025, 02:57 PM IST<\/p>\n
In a conversation with ET Now, Pranjal breaks down the mindset, systems, and discipline needed for lasting wealth creation — and why emotional control matters more than market knowledge.<\/p>\n
<\/p>\n
Pranjal Kamra has shared several savings and investment tips that could help to make wealth over long term.<\/p>\n
Highlights<\/p>\n
In an era of instant gratification, viral financial advice, and rising consumption, personal finance expert Pranjal Kamra reminds us of something timeless: wealth is not built by how much you earn, but rather by how much you save and invest consistently.<\/p>\n
In a conversation with ET Now, Pranjal breaks down the mindset, systems, and discipline needed for lasting wealth creation \u2014 and why emotional control matters more than market knowledge.<\/p>\n
Here are the key habits he suggests that can help accumulate wealth and make you rich:<\/p>\n
Most people, Pranjal noted that, judge their financial success by their monthly income \u2014 Rs 2 lakh, Rs 4 lakh, or even more. But the truth, he says, is that wealth is measured not by what comes in, but by what stays in.<\/p>\n
\u201cSomeone earning Rs 1 lakh a month but saving Rs 50,000 is wealthier than someone earning Rs 4 lakh and spending it all. The person with a smaller income is actually becoming Rs 50,000 richer every month,\u201d he explains.<\/p>\n
The real marker of financial progress, he says, is how much you save and reinvest \u2014 every month, every year.<\/p>\n
Systems matter more than motivation<\/p>\n
Discipline, Kamra believes, is not about willpower \u2014 it\u2019s about systems. Drawing an analogy from childhood, he recalls the old clay piggy banks that had to be broken to withdraw money.<\/p>\n
\u201cBecause it was difficult to take the money out, we ended up saving more,\u201d he says. <\/p>\n
That principle, he argues, applies even in adulthood. If your savings are kept in a regular account or a fixed deposit that can be easily accessed, you will likely dip into it for short-term needs, he said.<\/p>\n
\u201cThe key is to make saving automatic and spending difficult. Set up systems where your money flows into investments by default and is not easily available for impulse expenses.\u201d<\/p>\n
From savings to investing: the mindset shift<\/p>\n
Indians have long been known as natural savers \u2014 but not necessarily investors. Kamra warns that even that saving instinct is fading, especially among younger generations.<\/p>\n
\u201cI am particularly worried about Gen Z. They are not even savers now,\u201d he admits. For those looking to build long-term wealth, he suggests inverting the traditional formula: invest first, spend later.<\/p>\n
\u201cMost of us invest what is left at the end of the month. But if you reverse it \u2014 invest first, spend whatever remains \u2014 your wealth will grow automatically.\u201d<\/p>\n
A simple way to do this: set up a Systematic Investment Plan (SIP) for the day right after your salary credit.<\/p>\n
\u201cIf your salary comes on the 2nd, set your SIP for the 3rd or 4th. Make sure your investments are deducted before you start spending. Even 10 per cent of your income is a good start,\u201d he adds.<\/p>\n
Delayed gratification in the age of instant everything<\/p>\n
In the smartphone era \u2014 where one can order food, trade stocks, or buy gadgets in seconds \u2014 Kamra says the ability to delay gratification has become the rarest financial skill.<\/p>\n
\u201cSocial media, notifications, and convenience have made it really hard to stay disciplined. Every app is designed to make you spend or consume more,\u201d he says.<\/p>\n
To combat this, Kamra focuses on building friction.<\/p>\n
\u201cI uninstall food delivery apps or anything impulsive. If I have to reinstall, log in, and set it up again, that pause helps me overcome short-term impulses.\u201d<\/p>\n
Interestingly, despite being a content creator himself, he keeps no social media apps on his phone.<\/p>\n
\u201cI create content, but I don\u2019t want to consume endlessly. I don\u2019t want to be pushed into watching more ads or buying things I don\u2019t need. Systems like these protect me from my own impulses,\u201d he explains.<\/p>\n
The takeaway: automate wealth, restrict access to spending<\/p>\n
Kamra\u2019s philosophy can be summed up in three key principles:<\/p>\n
As he puts it, “The world is built to make you spend more — you need to build systems that make you save more.”<\/ul>\n
<\/strong>(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. ET NOW DIGITAL suggests its readers\/audience to consult their financial advisors before making any money related decisions.)<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"Premium Updated Oct 15, 2025, 02:57 PM IST In a conversation with ET Now, Pranjal breaks down the…\n","protected":false},"author":2,"featured_media":124052,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[177],"tags":[79,2672,18,11114,300,75389,34858,75388,19,17,75392,234,43377,235,75391,75390,75393],"class_list":{"0":"post-124051","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-personal-finance","8":"tag-business","9":"tag-digital","10":"tag-eire","11":"tag-et-now","12":"tag-gen-z","13":"tag-gen-z-investment-tips","14":"tag-how-to-become-rich","15":"tag-how-to-create-wealth","16":"tag-ie","17":"tag-ireland","18":"tag-kamra","19":"tag-personal-finance","20":"tag-personal-finance-news","21":"tag-personalfinance","22":"tag-pranjal-kamra-investment-tips","23":"tag-sip-tips","24":"tag-systematic-investment-plan"},"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/124051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=124051"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/124051\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/124052"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=124051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=124051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=124051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}