New Delhi: Chartered Accountant Nitin Kaushik has sounded an alarm over what he describes as “India’s biggest financial scam” — not a Ponzi scheme or a fraud, but a habitual behavioral trap causing countless Indians to lose long-term wealth: procrastination in investing.
Kaushik explained the issue in a viral post on social media platform X (formerly Twitter), where he highlighted the widespread tendency among Indians to delay investing.
“Bro, I’ll start investing next month. Next month never comes,” he wrote, calling it a silent wealth killer.
Financial experts echo his sentiment, noting that delaying investments—even for a few months—can have massive long-term consequences due to the loss of compounding growth. The earlier one starts, the greater the return potential, thanks to the exponential nature of compounding interest.
💰 Discipline Over Income
Kaushik further emphasized that financial discipline outweighs high income in wealth creation.
He illustrated this with a practical comparison:
“Someone earning ₹50,000 and investing ₹5,000 every month → richer than someone earning ₹2 lakh and spending ₹2 lakh.”
His message underlines that wealth accumulation depends less on income and more on habitual saving and consistent investing. Even modest, regular contributions can grow into substantial wealth over time if started early and maintained steadily.
📊 Breaking the Trap
Experts advise individuals to start small but start now — through automated savings like SIPs (Systematic Investment Plans), recurring deposits, or mutual funds. Regular, disciplined investing creates a habit that ensures steady wealth growth without waiting for the “perfect time.”
Kaushik also emphasized the need for awareness and action, noting that recognizing procrastination is the first step to overcoming it.
“Income looks great, but discipline builds wealth,” he said, urging especially young professionals to take financial planning seriously.
🔑 Key Takeaway
According to Kaushik, India’s biggest financial scam isn’t external fraud — it’s internal delay. The habit of postponing investments can silently drain future wealth worth lakhs or even crores.
Starting small, being consistent, and acting today can protect individuals from this pervasive money trap and secure long-term financial stability.
Originally published on newsworldstime.com.
Originally published on 24×7-news.com.
