In today’s high-pressure consumer economy, it’s often not a bigger salary but smarter personal finance habits that determine who achieves real financial freedom. That is the core message tax expert CA Nitin Kaushik delivered in a new post on X (formerly Twitter), where he cautioned that Indians are increasingly losing control of their lifestyle to EMIs rather than expenses. Advertisement

Kaushik, known for his practical and relatable financial insights, wrote that the real trap for most people isn’t money itself but the monthly instalments they commit to. “Most people don’t get trapped by money. They get trapped by EMIs,” he said.

He pointed out that the average Indian household now spends 20-25% of its monthly income on EMIs, leading many to feel like they are earning but not truly li

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