Struggling wealth: California analysis points out reasons why high earners face mental distress despite higher salaries

In a viral post on X, chartered accountant Nitin Kaushik shared insights on financial management, offering advice to individuals striving for financial success. The post, published on September 6, 2025, has resonated with many, particularly in India, where economic challenges have been a topic of discussion.

Kaushik's post encourages a balanced approach to income management. He advises against neglecting savings for immediate gratification, emphasizing the importance of investing a portion of income for future financial security. Higher earnings, he warns, can lead to lifestyle inflation, and one should be mindful of this trend to avoid unnecessary spending that could potentially lead to increased debt.

The post also highlights the potential downsides of high income, such as mental burnout and strained relationships. Kaushik stresses that true financial success lies not in the amount of income earned, but in how well one manages their income. He suggests maintaining a budget as essential for effective financial management and encourages setting financial goals to guide decisions.

Kaushik also emphasizes the importance of diversifying income sources for financial security and the need for long-term financial planning. He advises against relying solely on high income for financial stability and warns against the dangers of living beyond one's means.

Moreover, the post encourages balanced living, urging individuals to avoid ignoring the impact of taxes on their overall income and the importance of regular financial check-ups to ensure financial health.

Nitin Kaushik, a resident of India, has made a significant impact with his viral post, offering a thoughtful and practical approach to financial management. His post serves as a reminder that financial success is not solely determined by income but by how one manages their resources wisely.

Struggling wealth: California analysis points out reasons why high earners face mental distress despite higher salaries