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CA explains the money management strategy that separates the rich from others. How they use debt to build more wealth - The Economic Times
Chartered Accountant Nitin Kaushik has explained how wealthy people often use debt as a strategic financial tool instead of fearing it. According to him, many rich investors prefer taking loans against assets like stocks or property rather than selling them and paying capital gains tax. He said this helps them access liquidity while allowing their investments to continue growing.
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https://economictimes.indiatimes.com/magazines/panache/rs-30-lpa-earner-can-be-poorer-than-rs-10-lpa-one-ca-explains-the-math-of-high-income-trap-that-eats-up-your-wealth/articleshow/130835893.cms