This post was originally published on The Economic Times
Many people believe saving will magically get easier once their salary jumps, but a viral post by CA Abhishek Walia shows why that belief traps so many into financial stagnation. His message hit home for thousands: the inability to save has little to do with income and everything to do with habits. And if those habits don’t change at fifty thousand a month, they won’t suddenly transform at one and a half lakh either.
CA Abhishek Walia, founder of Zactor, shared this perspective on LinkedIn while breaking down a hard truth about personal finances. He wrote that savings don’t grow just because your salary does. Promotions will come, and hikes will follow, but unless you plan better and want less, your bank balance will remain stuck no matter how high your income goes.
He highlighted how bonuses feel exciting for a few days before disappearing, and how lifestyle creep quietly destroys any chance of building stability. Every time income increases, many people upgrade their wants—better gadgets, fancier food, trendier clothes—and end up right where they started, financially.
In his words, wealth is built when someone chooses security over status. It isn’t about waiting for the next salary revision or hoping things eventually
— Read the rest of this post, which was originally published on The Economic Times.
