The Economic Times

'High salary is a comfortable trap: CA explains why a big paycheck may not make you financially secure

A high salary does not equate to true wealth. Chartered Accountant Nitin Kaushik highlights that relying solely on a paycheck creates a 'comfortable trap'. Genuine financial security stems from multiple income sources, not just compensation. Wealth is built when money flows independently of active work. Professionals should convert earnings into income-generating assets for lasting financial independence.