I am 39ys old and working as software engg in Bangalore.I live with my wife and 2kids.. I am normally very minimalist.. my office working hybrid model and i stay in rental house... Still I not bought any flat..son studying 2nd younger one is pre school ,my wife is home maker ..I have confused.. regarding plan to move home town near city..which south part of tamilndau..leaving banglore or staying here .. due to I am always feeling job insecure . And kids will learn mother tongue but afraid about is it good decision any one suggest me pls.

Ans: Hello,
As per your description of your assets, you have 3.5 + 4 = 7.5crs total
For living you can buy a house upto 3-3.5crs inclusive of taxes and interiors ( this will net of taxes paid for the property sold previously )
The remaining amount which is 4crs , you can park that in a balanced portfolio of mutual funds to get SWP of Rs.2L per month which is 6%. What this will do is take care of your day to day expenses and also give an appreciation of your portfolio to beat inflation VS FD which will give you 6% but no capital appreciation.
You can do as follows in terms of the funds
Emergency fund - 20L in a short term debt fund or FD
Investment portfolio - 3.8crs
Small cap - 15%
Mid cap - 15%
Large and mid cap - 20%
Multicap - 20%
Consumption fund - 10%
Equity hybrid / BAF - 10%
As per choice - 10%

Do spend some money for medical insurance no matter how expensive with a good medical insurance company after consulting an advisor.

Please note that these suggestions are based on your stated goals and the information you provided. It is always a good idea to consult with a financial advisor in person to better understand your risk tolerance, time horizon, and specific financial goals.

Ans: It sounds like you're facing a challenging situation with various factors to consider. Here are a few suggestions:

Consider prioritizing your health and well-being: A 4.5-hour daily commute can take a toll on your physical and mental health, especially considering your age and family responsibilities.

Evaluate your financial situation carefully: Compare the costs of living in Ghaziabad versus Gurgaon, including rent, school fees, and daily expenses. Look for ways to optimize your budget and potentially increase your income through avenues like investments or additional sources of revenue.

Explore alternative living arrangements: Look for more affordable housing options closer to your workplace in Gurgaon or explore the possibility of telecommuting if your job allows it.

Seek professional guidance: Consider consulting with a financial advisor or counselor who can help you assess your options objectively and make informed decisions based on your priorities and financial situation.

Ultimately, prioritize your health, family well-being, and financial stability when making your decision. It may require some careful planning and adjustments, but finding the right balance is crucial for your overall happiness and success.

Ans: Dear Anonymous,
Sure, if all of you are happy making that decision; then great...

All the best!