The Economic Times

Rs 1 lakh monthly loss, due to one money mistake: CA issues warning, explains how to convert it into Rs 4.5 crore instead

CA Nitin Kaushik has warned that buying a 50 lakh luxury car can quietly lead to a loss of over 1 lakh every month when EMI, insurance and rapid depreciation are factored in. In a widely shared post, he argued that the same 12 lakh annual outflow, if redirected into land in high-growth corridors with strong returns, could potentially grow into a 4.5 crore portfolio over a decade.