The Economic Times

CA warns: Common money mistake can become a 'financial suicide' and cause lakhs of loss

A chartered accountant has warned that ignoring the power of compounding can quietly lead to significant financial loss over time. Nitin Kaushik explained that even a small monthly SIP, if started early and continued consistently, can grow into a large corpus, while delaying investments or chasing quick gains often results in missed opportunities. He stressed that most of the final wealth comes from interest earned over time, making it risky to keep money idle.