Building wealth is not just about earning more — it’s also about making smart financial choices and avoiding costly mistakes. Poor decisions, such as overspending, taking high-interest loans, investing in things you don’t understand, or buying unnecessary insurance, can erode savings and stall long-term financial growth.

By steering clear of these pitfalls, individuals can protect their capital, reduce financial stress, and maximise the benefits of compounding. Advertisement

In a recent post on X (formerly Twitter), chartered accountant Nitin Kaushik offered a practical guide for individuals looking to strengthen their financial health, outlining the “Top 10 Money Mistakes You Must Avoid” and actionable alternatives to secure long-term wealth.

Kaushik, known for his straightforward fi

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