'I work for money' to 'money works for me': CA explains 7 stages from financial survival to true wealth

CA Nitin Kaushik has outlined seven stages of financial growth, explaining why earning Rs 2 lakh a month may not guarantee financial security. The journey begins with survival and stability, progresses through security and independence, and eventually leads to freedom, abundance and legacy. From building an emergency fund to generating income through investments and planning generational wealth, each stage offers greater financial control and independence.

Building wealth does not happen overnight. It takes years of patience to earn more, save consistently and invest smartly. However, financial success does not automatically mean a growing salary or big bank balance. It determines how comfortably can a person handle a financial emergency without draining their savings, make career decisions and future plans. CA Nitin Kaushik, recently took to X and outlines 7 stages of financial growth. He explained why a monthly income of Rs 2 lakh may not gurantee financial security and how more money can eventually give one greater control over their decisions and time.