A ₹30 Lakh salary will NOT make you rich if your liabilities scale with it. The moment most people get a 20% appraisal, they immediately upgrade to a ₹25,000 monthly car EMI, move into a pricier society, and scale their discretionary lifestyle to match their new gross income. Your bank account balance ends up looking identical at ₹10 Lakhs a year and ₹30 Lakhs a year because your savings rate stayed flat at zero. Wealth isn’t generated by what hits your salary account on the 30th it’s generated by how much of that bump gets diverted into productive assets before your lifestyle eats it. #FinancialFreedom #MoneyManagement #PersonalFinance
CA Nitin Kaushik (FCA) | LLBShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.