HOW TO PROTECT YOUR WEALTH

WEALTH destruction often happens subtly through everyday habits, poor decisions, and overlooked financial pitfalls.

- PV SUBRAMANYAM

Here are some of the most common “wealth destroyers” that can erode your net worth over time.

High-interest debt ( credit cards, or online app loans)

Why it’s a destroyer: Carrying balances on credit cards or other high-interest debt (often 40% p.a.+ interest charges) leads to compounding interest payments that could otherwise go toward savings or investments.

Steps to save yourself: Create and stick to a budget to track income and expenses.

Impulse purchases and lifestyle inflation—