Drawing a $40,000 salary while building a $45 million firm, a CEO recalled why he avoided luxury buys, including cars and watches.

Drawing a $40,000 salary while building a $45 million firm, a CEO recalled why he avoided luxury buys, including cars and watches.

A New York-based CEO built a $45 million, or around Rs 430 crore, business in four years while paying himself only $40,000, roughly Rs 37 lakh. He said he avoided luxury purchases…