The Economic Times

Not low income or bad investments: CA warns of 3 money leaks silently eating into your wealth

CA Nitin Kaushik warns that wealth can quietly erode through three recurring financial leaks: lifestyle inflation, unplanned debt and emotional investing. He notes that rising salaries often lead to higher spending, while credit cards and EMIs can fill spending gaps. Meanwhile, fear can trigger selling during market falls and FOMO can drive impulsive buying. Over 510 years, these small decisions can significantly affect wealth creation.