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CA argued that while many people believe they are good with money by tracking every rupee, they often miss the bigger picture.
The cornerstone of financial planning is money saving. (Freepik/Representative Image)
There’s a general notion: the more you earn, the faster you’ll be able to build wealth. Thus, people always try to increase their income by switching jobs or hustling for a side income. Despite earning good amount, they face a stark reality when their accounts become either empty or very thin at the end of each month and fail to build a considerable wealth. It bewilders them while pondering if the cost of living is so high or they are doing something wrong.
Financial planners and advisors reiterate the same old golden mantra to every generation, be it millennials, boomers or GenZ. Wealth creation is more about the management of money than income solely. If you can’t budget your money, you may lose it in frivolous ways.
In a recent post on X (formerly Twitter), Chartered Accountant and finance content creator Nitin Kaushik, wrote, “You’re not poor, you’re just bleeding money silently,” urging individuals to shift focus from trivial savings to more meaningful financial planning. He argued that while many people believe they are good with money by tracking every rupee, they often miss the bigger picture.
Highlighting some of the most common mistakes, Kaushik noted that obsessing over Rs 10 discounts while leaving Rs 10,000 idle in low-return savings accounts is a classic example of misplaced effort. “These are low-value financial habits — they feel productive, but barely move the needle,” he added in the post.
He further criticized behaviors such as refreshing stock or mutual fund prices multiple times a day or sticking to a rigid budget without reassessing spending patterns. According to Kaushik, these actions create the illusion of financial discipline but do little to build long-term wealth.
💥 You’re Not Poor, You’re Just Bleeding Money Silently — Here’s Why 💥Most people think tracking every rupee means they’re “good with money.”But here’s the harsh truth 👇
👉 Obsessing over ₹10 discounts while ignoring ₹10,000 in lazy savings👉 Refreshing stock/mutual fund…
— CA Nitin Kaushik (@Finance_Bareek) June 10, 2025
Speaking more broadly on financial planning, Kaushik emphasized the importance of strategy over superficial control. “Focus on strategy. Not just numbers. Don’t just track money — make it work for you,” he said, encouraging individuals to optimise investments, review financial goals, and reduce the distractions of daily market noise.
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al…Read More
A team of writers and reporters decodes vast terms of personal finance and making money matters simpler for you. From latest initial public offerings (IPOs) in the market to best investment options, we cover al… Read More
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