New Delhi, Aug. 25 -- A LinkedIn post about a Mumbai IT professional's finances has grabbed attention. Sweekrit Srivastava shared this story after a chartered accountant's breakdown analysis.

The 32-year-old professional currently earns Rs.2.20 lakh per month. His housing EMI alone consumes Rs.1.12 lakh from this income. Living expenses add another Rs.50,000 to monthly outgoings.

He also pays a separate car loan EMI. Investments happen only when the month goes well. Even then, these amount to only Rs.30,000- Rs.40,000 per month.

The chartered accountant described this situation with a specific term. He called it "house rich, cash poor".

This professional remains vulnerable to sudden financial shocks. One job change could jeopardise hi...