विशेषज्ञ की सलाह चाहिए?हमारे गुरु मदद कर सकते हैं
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Ramalingam Kalirajan10872 Answers |Ask - Follow
Mutual Funds, Financial Planning Expert - Answered on May 27, 2025
Asked on - May 27, 2025
Sir I am 45 years old female, i have 12 years of IT recruitment job,
I lost my job week before, I have dept of 8 lakhs, 43k as a monthly emi I pay, I got salary of 55k
,now I don't have job how will I come out of this debt?
Not getting job also as 9 have experience Nd not required qualifications,
Kindly advice
Ans: You have worked for 12 years in IT recruitment.
You have no job now and Rs. 8 lakh in debt.
You used to earn Rs. 55,000 and paid Rs. 43,000 as EMI.
You are not getting a new job because of qualification issues.
This is a tough phase, but it is not permanent.
Your experience is valuable and still has power.
Let us make a step-by-step plan to recover financially.
Step 1: Address Debt Pressure
EMI of Rs. 43,000 without income is not sustainable.
You must act immediately to avoid default.
Speak to each lender openly and honestly.
Ask for EMI moratorium or restructuring plan.
Request extension of tenure or reduce EMI temporarily.
Combine multiple loans into one personal loan, if possible.
Avoid borrowing more to repay old loans.
Do not fall into debt traps with new apps or money lenders.
Step 2: Look for Quick Temporary Income
Don’t wait for a perfect job to come.
Start looking for any income first.
Start freelancing in recruitment if possible.
Offer resume writing, LinkedIn profile fixing, or mock interviews.
Approach startups or small companies that need short-term recruiters.
Use portals like Internshala, Upwork, Freelancer.
Consider home tuitions, part-time work, or admin support jobs.
Reach out to old clients, ex-colleagues, or HR networks.
Try voice-based remote jobs or back-end remote work.
Step 3: Upskill for Immediate Employability
If qualification is the hurdle, solve it smartly.
Join short-term online certifications related to HR or recruitment.
Use free/low-cost platforms like Coursera, Udemy, Swayam.
Specialise in technical hiring, international hiring, or compliance.
Learn tools like ATS, Excel automation, LinkedIn recruiter.
Build your online presence. Share job openings on LinkedIn.
Consider virtual internships for 1–2 months if needed.
Add those to resume to show current skill usage.
Step 4: Analyse and Cut All Expenses
When income stops, expenses must come down too.
Prioritise food, medicine, rent, electricity, mobile.
Stop spending on dining, OTT, shopping, subscriptions.
Do not buy gadgets, furniture or upgrade anything now.
Check if you are eligible for any government subsidy.
Ask for help from family if needed—only for essentials.
Sell unused items online if urgent money is needed.
Step 5: Emergency Help and Community Support
Help is available if you look in the right places.
Check if any NGOs, women's organisations or church/temple trusts offer support.
Join WhatsApp/Telegram job groups in your area.
Some communities offer grocery kits or job referrals.
Visit local employment exchange or women's welfare offices.
Some companies hire experienced women on contract roles.
Step 6: Mental Health and Self-Belief
This is a hard phase. But it will pass.
Don’t keep everything inside. Talk to someone you trust.
Write your plan on paper. Take control mentally.
Avoid negative news, negative people, negative thoughts.
Take care of your health. Sleep on time. Eat healthy.
Set daily small goals and tick them off.
Step 7: Long-Term Reset and Financial Planning
Once income restarts, begin fresh planning.
Build emergency fund slowly. At least 3 months of income.
Use MFs only through regular plans with Certified Financial Planner.
Do not invest in real estate now. Liquidity is more important.
Avoid ULIPs and traditional insurance policies. They are not suitable.
Stay away from stock trading or risky options.
Plan all EMI, SIP, and insurance only after basic savings are stable.
Never keep more than 30% of income for total EMI.
Step 8: Learn From This Phase
This hardship can become your strength.
You now know the value of savings and backup income.
You have learned whom to trust and what to avoid.
You will make better money decisions once you recover.
Finally
You are not alone in this struggle.
Many people go through such phases in life.
What matters is action, not worry.
Small steps daily will help you win again.
Believe in your experience. Keep learning and applying.
Keep asking. Keep trying. Keep going.
Better days will surely return.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment
(more)
You have no job now and Rs. 8 lakh in debt.
You used to earn Rs. 55,000 and paid Rs. 43,000 as EMI.
You are not getting a new job because of qualification issues.
This is a tough phase, but it is not permanent.
Your experience is valuable and still has power.
Let us make a step-by-step plan to recover financially.
Step 1: Address Debt Pressure
EMI of Rs. 43,000 without income is not sustainable.
You must act immediately to avoid default.
Speak to each lender openly and honestly.
Ask for EMI moratorium or restructuring plan.
Request extension of tenure or reduce EMI temporarily.
Combine multiple loans into one personal loan, if possible.
Avoid borrowing more to repay old loans.
Do not fall into debt traps with new apps or money lenders.
Step 2: Look for Quick Temporary Income
Don’t wait for a perfect job to come.
Start looking for any income first.
Start freelancing in recruitment if possible.
Offer resume writing, LinkedIn profile fixing, or mock interviews.
Approach startups or small companies that need short-term recruiters.
Use portals like Internshala, Upwork, Freelancer.
Consider home tuitions, part-time work, or admin support jobs.
Reach out to old clients, ex-colleagues, or HR networks.
Try voice-based remote jobs or back-end remote work.
Step 3: Upskill for Immediate Employability
If qualification is the hurdle, solve it smartly.
Join short-term online certifications related to HR or recruitment.
Use free/low-cost platforms like Coursera, Udemy, Swayam.
Specialise in technical hiring, international hiring, or compliance.
Learn tools like ATS, Excel automation, LinkedIn recruiter.
Build your online presence. Share job openings on LinkedIn.
Consider virtual internships for 1–2 months if needed.
Add those to resume to show current skill usage.
Step 4: Analyse and Cut All Expenses
When income stops, expenses must come down too.
Prioritise food, medicine, rent, electricity, mobile.
Stop spending on dining, OTT, shopping, subscriptions.
Do not buy gadgets, furniture or upgrade anything now.
Check if you are eligible for any government subsidy.
Ask for help from family if needed—only for essentials.
Sell unused items online if urgent money is needed.
Step 5: Emergency Help and Community Support
Help is available if you look in the right places.
Check if any NGOs, women's organisations or church/temple trusts offer support.
Join WhatsApp/Telegram job groups in your area.
Some communities offer grocery kits or job referrals.
Visit local employment exchange or women's welfare offices.
Some companies hire experienced women on contract roles.
Step 6: Mental Health and Self-Belief
This is a hard phase. But it will pass.
Don’t keep everything inside. Talk to someone you trust.
Write your plan on paper. Take control mentally.
Avoid negative news, negative people, negative thoughts.
Take care of your health. Sleep on time. Eat healthy.
Set daily small goals and tick them off.
Step 7: Long-Term Reset and Financial Planning
Once income restarts, begin fresh planning.
Build emergency fund slowly. At least 3 months of income.
Use MFs only through regular plans with Certified Financial Planner.
Do not invest in real estate now. Liquidity is more important.
Avoid ULIPs and traditional insurance policies. They are not suitable.
Stay away from stock trading or risky options.
Plan all EMI, SIP, and insurance only after basic savings are stable.
Never keep more than 30% of income for total EMI.
Step 8: Learn From This Phase
This hardship can become your strength.
You now know the value of savings and backup income.
You have learned whom to trust and what to avoid.
You will make better money decisions once you recover.
Finally
You are not alone in this struggle.
Many people go through such phases in life.
What matters is action, not worry.
Small steps daily will help you win again.
Believe in your experience. Keep learning and applying.
Keep asking. Keep trying. Keep going.
Better days will surely return.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment