Latest news with #NitinKaushik
Time of India
2 days ago
- Business
- Time of India
He bought a Gurgaon flat in crores but now it ruins his weekend peace, even in Canada
Buying a home is often seen as a rite of passage—proof that you've made it. But what if that very milestone turns into a chain around your freedom? A recent post by CA Nitin Kaushik on X (formerly Twitter) is sparking conversation online for highlighting a growing reality many Indians face: how a dream home can silently turn into a long-distance liability. In 2017, Kaushik's friend proudly purchased a ₹1.1 crore flat in Gurgaon, backed by an ₹85 lakh loan. It was hailed as his first major asset—a moment celebrated by friends and family alike. But five years later, life took a turn. He received a lucrative job offer in Canada and moved abroad for a better future. The one thing that didn't move? The flat. Fast forward to 2025, and his weekends now look nothing like the peaceful life he imagined. Instead, they're filled with WhatsApp tenant complaints, rent follow-ups, society dues, and property tax paperwork. The once-prized possession has become a logistical mess—one that ties him down, even from across the world. 'Passive income?' Kaushik writes. 'More like passive frustration.' by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Bangladesh: Unsold Sofas at Bargain Prices (View Current Prices) Sofas | Search Ads Search Now Undo — Finance_Bareek (@Finance_Bareek) The post has struck a nerve among many Indian professionals, especially NRIs , who are realising that real estate doesn't always guarantee financial peace. From delayed rentals to maintenance hassles, what begins as a badge of success can morph into a burden. Kaushik's advice is blunt but necessary: before buying that 'dream flat,' ask yourself—are you truly buying security, or just committing to years of stress paid in EMIs?
India Today
5 days ago
- Business
- India Today
Chasing Rs 10 discounts? CA explains why tracking every rupee isn't making you rich
Many people believe that tracking every single rupee closely means we're managing our money well. They cut down on small spends, look for the best discounts, and feel proud of every saved Rs 10. But here's the thing, these habits might make you feel in control, while your money silently loses value according to personal finance expert and CA Nitin Kaushik, this kind of micromanaging can be misleading. He wrote on X, "Most people think tracking every rupee means they're 'good with money.' But here's the harsh truth."advertisement"Obsessing over Rs 10 discounts while ignoring 10,000 in lazy savings. Refreshing stock/mutual fund prices 5 times a day instead of trusting your plan. Calling it 'budgeting' while never questioning your spending pattern. These are low-value financial habits — they feel productive, but barely move the needle," he added. A deeper look reveals that these practices, often perceived as frugal, might not significantly contribute to wealth accumulation. For instance, maintaining a detailed monthly expense spreadsheet might seem disciplined, yet simultaneously leaving substantial sums in low-yield accounts can be detrimental. This is a common scenario where the balance appears stable, but inflation slowly erodes its value. Kaushik pointed out that such habits, which include frequently checking mutual fund or stock prices, often do not enhance long-term financial returns. Instead, they create a false sense of control while the real financial leaks go to Kaushik, what really matters is planning smart and thinking long term. He advises investors to review their portfolios from time to time and make sure their investments support future financial goals. Don't get caught up in market rumours or random advice on social media. Also, avoid keeping large amounts of money sitting idle, let it earn more through suitable investment options. Simply tracking expenses isn't enough, your money needs direction to further wrote, "The real game? Optimising investments, reviewing goals, and cutting financial noise."The key to effective financial management, as suggested by Kaushik, lies in shifting focus from simple tracking to strategic planning. Merely noting down expenses is not enough; it's about making money work efficiently for you. Instead of getting lost in the minutiae, individuals should periodically review and rebalance their portfolios, align investments with long-term goals, and avoid getting distracted by market volatility or unsolicited financial concluded his post by saying, "Focus on strategy. Not just numbers. Don't just track money — make it work for you."In other words, money management is not just about tracking numbers. It's about strategy. Start thinking long-term. Let your money do the heavy lifting.
Time of India
06-06-2025
- Business
- Time of India
No side business? No family wealth? CA shares 'boring' wealth formula that works while you sleep
CA Nitin Kaushik shared insights on X about financial discipline and wealth creation, emphasizing saving before spending, inspired by Warren Buffett. He highlighted the power of compounding, illustrating how consistent investments grow significantly over time. Kaushik advised starting early, reinvesting returns, and avoiding unproductive debt for long-term financial independence. Tired of too many ads? Remove Ads Harnessing the Power of Time and Compounding Simple Steps to Begin Building Wealth Tired of too many ads? Remove Ads Steering Clear of Financial Pitfalls About Nitin Kaushik A chartered accountant recently turned heads on social media with a thought-provoking post on financial discipline and long-term wealth creation . CA Nitin Kaushik , known for his expertise in personal finance , took to platform X to unravel the timeless philosophy of spending what remains after saving—rather than saving what remains after spending. He rooted this wisdom in the teachings of master investor Warren Buffett, reminding people that building wealth is more than numbers—it's about creating a life of freedom, choice, and emphasized that every rupee invested becomes a tireless worker, one that operates around the clock without asking for breaks, benefits, or promotions. When money is strategically invested, it forms an invisible but powerful force that continues to grow, forming the foundation for lasting financial independence To illustrate how money can multiply with consistency and patience, Kaushik provided a striking example. A monthly investment of Rs 10,000 at an 8% annual return could grow into Rs 18.29 lakh in a decade, Rs 59.31 lakh in two decades, and a staggering Rs 1.5 crore over thirty years. This exponential growth isn't about chasing high returns but about using time as a powerful ally. The real driver is consistency—making disciplined contributions over the long laid out a series of practical suggestions for those starting their financial journey. First and foremost: begin immediately, regardless of how small the amount may be. Even ₹1,000 a month has the potential to build into a meaningful sum when given enough time. The earlier one starts, the more effective compounding also encouraged focusing on assets that grow in value and generate income—like equities for capital growth, real estate for passive income, mutual funds for risk-spread investments, and even entrepreneurial ventures that offer compounding returns through reinvested essential habit he endorsed was the reinvestment of returns. Instead of spending the gains, allowing them to remain invested enables compounding to accelerate, turning modest savings into significant wealth over unproductive debt is equally important. Kaushik advised staying away from liabilities such as credit card bills or loans for luxury items and instead using beneficial debt—such as home or business loans—to acquire appreciating assets. Finally, he reminded his followers that wealth-building is not about speed but about steady, patient effort over to his LinkedIn profile, Nitin Kaushik is a qualified chartered accountant with a background in commerce from Delhi University. His insights reflect not only academic knowledge but also years of financial wisdom, aimed at helping others achieve financial independence through thoughtful investing.
Time of India
16-05-2025
- Lifestyle
- Time of India
Living in Mumbai, Delhi or Bangalore? CA proves you are spending Rs 1 crore 'just to survive'
MORE STORIES FOR YOU ✕ « Back to recommendation stories I don't want to see these stories because They are not relevant to me They disrupt the reading flow Others SUBMIT Dreaming of making it big in a metro city? That dream may come with a hefty price tag—just existing in India's top cities like Mumbai, Delhi or Bangalore could burn through at least Rs 1 crore over time, according to CA Nitin Kaushik and he is not even talking luxury. Rs 1 crore is just for survival. No exotic vacations, no splurging, no designer brands—just rent, groceries, school fees and getting a recent viral post, Chartered Accountant Nitin Kaushik broke down the numbers—and they're an eye-opener for anyone living in or planning to move to a Tier-1 city in started with the most basic need—shelter. The CA pointed out that renting a modest 1BHK in a decent locality costs about Rs 25,000 per month. If one rents it for 8 years before buying a home, that adds up to Rs 24 lakh. Add maintenance, parking fees, and society charges, and the total will be Rs 30 lakh. All this just for a roof you don't food and groceries. Monthly grocery and basic meal expenses average around Rs 12,000 to Rs 15,000. That's nearly Rs 1.5 lakh to Rs1.8 lakh per year. Over 20 years, the bill climbs to Rs 30 lakh—and this is for cooking at home, not ordering food on comes education—a non-negotiable for most families. For just one child, schooling from pre-primary to Class 12 can cost Rs 12 lakh– Rs 15 lakh, including tuition, books, coaching, and other academic expenses. College is finally, transport. Whether it's metro rides, cabs, or fuel and maintenance for a two-wheeler, basic transport expenses hover around Rs 6,000–Rs 10,000 per month—adding up to Rs 10 lakh over a its all added up-Rent 30 lakhFood & groceries: Rs 30 lakhSchooling (1 child): Rs 15 lakhTransport: Rs 10 lakhFactor in inflation, occasional medical emergencies, lifestyle changes, or even minor upgrades—and one is easily crossing the Rs 1 crore mark. He added that the post was not a scare tactic—it was a wake-up call.
Time of India
14-05-2025
- Business
- Time of India
Financial independence: CA suggests how to start consultancy from home with zero clients and zero investment
Think you need a fancy office or a fat bank account to launch a consultancy? Think again. In a world obsessed with flashy setups and massive investments, Chartered Accountant Nitin Kaushik is here to remind aspiring consultants of one powerful truth: starting small from home is not just possible—it's profitable. His viral post on X has struck a chord with thousands, offering a step-by-step breakdown of how everyday skills can turn into full-time income, all from the comfort of your living room. CA Nitin Kaushik recently took to social media to simplify what many overcomplicate—starting a consultancy in India. According to him, you don't need swanky office space, hefty capital, or even a website to begin. What you really need is just three things: a skill that people value, proof that your advice works, and an easy way for people to reach you (think LinkedIn, WhatsApp, or email). The formula is straightforward. First, identify your strength—be it marketing, law, HR, finance, or even something unconventional like career counseling. Then, offer your services to a couple of clients for free. Use this phase to deliver results and gather testimonials. These early wins are your credibility. — Finance_Bareek (@Finance_Bareek) Next, get registered as a sole proprietor. For most consultants, basic GST registration is more than enough. You don't need legalese or bureaucracy to block your progress. Once you're up and running, use free tools like Google Docs for documentation, Zoom for meetings, and WhatsApp for quick client updates. There's no need to invest in pricey software or office rent when free digital tools can get the job done efficiently. The game-changer? Don't charge by the hour. Charge based on results . Clients care about outcomes, not clock time. This also allows you to scale faster and value your own expertise more effectively. To prove his point, Kaushik shares a real-life story of a friend from Indore who started guiding students with career advice. What began as a passion project soon turned into a full-time income stream—all from home, with no fancy trappings. He also emphasised that anyone can start. But all it takes is that first step.
