For many women, money decisions often come with an extra layer of responsibility. Many financial priorities compete for their attention, be it contributing to household expenses, supporting parents, repaying education loans, raising children or restarting a career after a break.
That’s why Allahbadia’s advice has struck a chord with many working women who sometimes feel guilty about not being able to invest “enough.”
Financial experts have long pointed out that while investing is important, your income is one of the biggest factors determining how quickly you can build wealth. Simply put, there’s only so much you can save from a limited salary. For someone earning ₹35,000 a month, increasing their income to ₹60,000 or ₹70,000 through a promotion, a job switch, freelance work or learning a new skill could have a much bigger impact than trying to squeeze an extra ₹1,000 into investments every month.