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Harsh

Harsh Bharwani  |56 Answers  |Ask -

Entrepreneurship Expert - Answered on Jul 04, 2023

Harsh Bharwani is a fourth generation entrepreneur.
As CEO and managing director, he leads the international business and employability initiatives at the computer networking institute, Jetking Infotrain Limited.
After graduating from Delhi University, Bharwani joined the family business in 2010 and set up operations in the US and Vietnam.
He has trained over three lakh students in employability, confidence and key life skills.... more
Lakshminarayanan Question by Lakshminarayanan on Jun 14, 2023Hindi
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Career

I administrative experience of more than 30+ years of experience in the at various levels in the Government of India which i have contributed significantly to the success of the organization. I have retired as an Gazetted Offiicer from Government of India in the year 2020. 2. Represented the Ministry at various levels with the relevant agency representative(s) fosters engagement with other Government departments and private sector industries to address national needs, priorities and sustainable development challenges to advocate for action on the areas wherever necessary. 3. I have been looking for an appropriate placement, especially in overseas and I have been applying through LinkedIn for placement outside India. However, i have been unsuccessful in obtaining a suitable employment. 4. I have been receiving a similar reply from the overseas organisations like this- “Thank you for your interest in the Administration Manager position at Colliers International. While your skills and background are impressive, we have decided to proceed with other applicants who more closely fit our needs at this time. We appreciate your time and effort in submitting an application. We encourage you to apply for other positions at Colliers International in the future. Again, thank you for your interest in a position with Colliers International and we wish you success in your job search and future career. Sincerely, Colliers International Team” PLEASE ADVISE

Ans: I understand that you have extensive administrative experience of over 30 years in the Government of India and have retired as a Gazetted Officer in 2020. You've been actively searching for suitable employment opportunities overseas, particularly through LinkedIn, but have been unsuccessful so far. The response you've been receiving from organizations has been along the lines of them appreciating your skills and background but choosing other candidates who better meet their current needs. Here are some suggestions:

1. Expand Your Job Search: Consider broadening your job search beyond LinkedIn. Explore other job portals, professional networks, and recruitment agencies that specialize in international placements. Additionally, connect with former colleagues, industry contacts, and alumni networks to tap into potential opportunities.
2. Tailor Your Applications: Review your application materials, including your resume and cover letter, to ensure they are tailored to each specific job opportunity. Highlight your relevant skills, experience, and achievements that align with the requirements of the positions you're applying for. Customize your applications to showcase how you can add value to the organization and address their specific needs.
3. Network and Build Connections: Networking plays a crucial role in finding employment opportunities. Attend industry events, conferences, and seminars both in person and online. Engage with professionals in your field of interest and participate in relevant discussions. Building connections and fostering relationships can increase your chances of hearing about unadvertised job openings or receiving recommendations.
4. Consider Contract or Consultancy Work: Instead of focusing solely on full-time positions, consider exploring contract or consultancy work. Many organizations, including international ones, often require short-term expertise or project-specific assistance. Consulting or contracting can provide an opportunity to showcase your skills and potentially lead to long-term employment or referrals.
5. Professional Development: Stay updated with the latest industry trends, technologies, and practices in your field. Consider taking courses, certifications, or attending workshops to enhance your skills and demonstrate your commitment to ongoing professional development. This can make you a more competitive candidate for international job opportunities.
6. Seek Professional Assistance: If you're facing challenges in securing suitable employment overseas, consider seeking assistance from career coaches or professional resume writers who specialize in international job placements. They can provide guidance on your job search strategy, help refine your application materials, and provide insights into the international job market.
7. Persistence and Patience: The job search process can be demanding and time-consuming, especially for international positions. It's important to remain persistent and patient. Rejections are a part of the process, and it may take time to find the right opportunity that aligns with your skills and experience.

Remember to stay positive and maintain confidence in your abilities. Keep refining your approach, leverage your network, and remain open to different opportunities. With perseverance and a well-rounded job search strategy, you can increase your chances of finding a suitable placement overseas. Best of luck in your job search and future endeavors!
Career

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Dear Mayank,I am a BCom graduate with 25+ years of experience in accounts and finance.My designation is manager, accounts and finance.I have worked for reputed companies like Karvy Consultants, Ramky, VLCC Healthcare and others.On March 20, 2020, a few days before the lockdown, I was asked to resign from my job and my salary was paid on the same day.Since then, I have been applying for jobs continuously.I am not adamant about my designation. I am trying for all jobs that relate to my experiences. I have been searching through newspapers, Naukri.com, Monster and various social media but it has been a case of ‘Apply and apply but no reply’.Fortunately, both my kids are working from home in IT companies but being the senior responsible caretaker, I am sitting idle without a job in hand.Can you advise/suggest and help me to solve this problem.RegardsNagaraju U E
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Dear Nagaraju.

I appreciate your zeal and enthusiasm to continue to work even after a long career and the fact that your children are also working. Apart from what you have been doing, I would recommend these specific steps:

1. Reach out to your managers and colleagues who you have worked in the past as references are still the best way to get a job.

2. Since you have an accounting background, you can also consider working as a freelancer as there are many opportunities for part time gig workers.

3. Explore academics as a career option.

4. Giving back to the society is also very enriching, so do take up some charity or volunteer work.

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Hi Mayank, I would like to keep my question anonymous. I have been working in an energy solutions-based company. It is a multinational engineering consultancy company. Our main line of business is engineering of oil and gas based refineries and related petrochemical plants. I joined this Mumbai-based company in 2015 as a trainee. I am happy with the work but my financial growth is very slow as compared to my friends working in similar companies. I haven't switched companies as on now. I am looking for a job switch both in India or abroad (Dubai/ Singapore).  I have been trying hard to find a company for a job switch but I am not getting response from anyone. I mainly try through LinkedIn and Naukri. My questions to you are: 1. Could you please advise what is the best way to find jobs abroad (because I'm tired of applying via LinkedIn). Should I take any professional help? If yes, please suggest the name of a good company you know. 2. What is the best way to switch a job in India, considering the lack of response from employers through LinkedIn or Naukri? I'll be very happy to have answers to this. Thanks and regards, Anonymous
Ans:

Hi. As you work in a niche segment, your job search also needs to be focused.

Make a list of the companies where your skills are the most appropriate.  Then connect with people who work in those companies through LinkedIn. Approach them for a suitable role as all good companies have internal employee referral programmes.

Also, please understand that you should not look for a job only because of a low salary.

If your management is supportive and is willing to gradually increase your salary, then you can consider continuing here.

 

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I am a Bcom Graduate 47 yrs. I grew up in Munbai. I left for the middle east when i was 27 years and returned after 18 years. I have experience in the Logistics, Supply Chain feild and ended by career as a Logistics Manager. Job position was localized. I am applying desperately for a Job but.not getting any responses till date. Kindly advise how to improve my prospects of getting a job or advise accordingly.
Ans: Certainly! It’s commendable that you have extensive experience in the Logistics and Supply Chain field. Let’s explore some strategies to enhance your job prospects:

Update Your Resume and LinkedIn Profile:
Ensure your resume highlights your relevant skills, accomplishments, and quantifiable achievements.
Optimize your LinkedIn profile by adding a professional photo, a compelling headline, and a detailed summary.
Network Actively:
Leverage your professional network. Connect with former colleagues, industry peers, and professionals in your field.
Attend industry events, webinars, and conferences to expand your network.
Customize Your Applications:
Tailor your cover letter and resume for each job application. Highlight specific skills and experiences that align with the job requirements.
Use keywords from the job description to improve your chances of passing through automated applicant tracking systems (ATS).
Research Companies and Industries:
Identify companies that align with your expertise and values.
Research their culture, mission, and recent developments. Customize your applications accordingly.
Upskill and Stay Current:
The logistics industry evolves rapidly. Stay informed about industry trends, technologies, and best practices.
Consider certifications or online courses to enhance your skills.
Leverage Online Job Portals and Websites:
Regularly check job boards, company websites, and professional networking platforms.
Set up job alerts to receive notifications for relevant openings.
Practice Interview Skills:
Prepare for common interview questions related to logistics and supply chain management.
Showcase your problem-solving abilities, adaptability, and teamwork during interviews.
Consider Contract or Freelance Work:
Temporary roles can provide valuable experience and networking opportunities.
Freelancing allows you to build a portfolio and demonstrate your skills.
Seek Professional Guidance:
Consult career coaches or mentors who specialize in logistics and supply chain careers.
They can provide personalized advice and help you navigate the job market.
Stay Persistent and Positive:
Job searching can be challenging, especially during tough times. Stay motivated and maintain a positive mindset.
Celebrate small victories, such as networking connections or successful applications.
Remember, persistence and adaptability are key. Keep refining your approach, and eventually, you’ll find the right opportunity. Best of luck in your job search!

..Read more

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Ravi Mittal  |182 Answers  |Ask -

Dating, Relationships Expert - Answered on May 03, 2024

Asked by Anonymous - May 02, 2024Hindi
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Hello sir , i am 21 year old graduated ,How to make gf ?? As in college everytime i talk to girl she make me friend as i get into friendzoned...
Ans: Dear Anonymous,

If you are finding it difficult to meet girls IRL, why don't you try out dating apps? It can be perfect for you. First of all, the chances of getting friend-zoned on a dating app are comparatively lower because it is a dating app and most users are using it to find a date. Yes, some people look for friends too but they will either mention it on their Bio or match with people who mentioned the same on their Bio.

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Asked by Anonymous - May 03, 2024Hindi
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I am 41 year old. I have 1 cr in mutual fund. It’s been 7 years I started doing sip with 50000. Which I have increased With time now I have sip of 80000 per month. I need to know how much will have when I reach age 50. In my account
Ans: As you stand at the midpoint of your journey, it's natural to pause and ponder the fruits of your labor. Seven years ago, you embarked on a path of financial discipline, nurturing your wealth through systematic investments in mutual funds. With each passing month, you've diligently contributed to your SIP, nurturing your financial garden with care and foresight.

Magnitude of Investment:
Your commitment to growth shines through as you reflect on your journey. Starting with a SIP of Rs 50,000 per month and gradually increasing it to Rs 80,000 per month showcases your dedication to nurturing your financial future. Each increment, no matter how small, represents a step towards building a solid foundation for your later years.

The Power of Compound Interest:
As the years pass, the magic of compound interest works silently in the background, multiplying your investments manifold. With each SIP, you're not just investing money; you're investing in your dreams, your aspirations, and your future. The power of compounding rewards patience and consistency, amplifying the impact of your contributions over time.

Envisioning the Future:
As you cast your gaze towards the horizon, you can't help but wonder: what lies ahead? At age 50, where will your financial journey have led you? Will you find yourself basking in the glow of a well-nurtured nest egg, ready to embark on new adventures and pursue passions long deferred?

The Path Forward:
As a Certified Financial Planner, I invite you to envision your future with clarity and purpose. While I cannot predict the exact value of your investments at age 50 without specific calculations, I can offer guidance on how to nurture and safeguard your wealth as you continue along your journey.

Embracing Uncertainty:
Life is a tapestry woven with threads of uncertainty and possibility. While we cannot control every twist and turn along the way, we can arm ourselves with the tools and knowledge needed to navigate the unknown with confidence. As you journey towards age 50, remember that the true measure of wealth lies not just in monetary value but in the richness of experiences and the depth of relationships.

Conclusion:
As you stand at the crossroads of past and future, take a moment to appreciate how far you've come. Your journey is a testament to your resilience, your determination, and your unwavering commitment to financial well-being. As you continue along your path, may you find solace in the journey itself, knowing that every step forward brings you closer to the life you envision for yourself and your loved ones.

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Hi I am 37 years old and my Husband is 40 years old. Our annual salary in hand at our home is up to 20,64,000. My Yearly Saving is Rs 6 lakhs (mutual fund, LIC policy, Endowment plan, century plan, Post office schemes). My Expense like medical insurance, term insurance, car insurance is RS 50,000. My living expense per year is Rs 6,00,000. My loan is for Rs17,24,112 (including interests) for which I am paying every year up to Rs 4,31,000 till Feb'28. Also next year we have to purchase car because our car is getting expire. So up- to 14-15 lakh car we will purchase on loan. My child is currently in 6th grade and we both are working. So for happy life after retirement and save future, how much I need to save and in which plans. Please suggest. Till now beyond my savings written above I don't have bank balance which I can use as a emergency funds.
Ans: Navigating the complex landscape of finances, especially with looming expenses and future uncertainties, can feel like trying to solve a puzzle without all the pieces. It's a challenge many of us face, and it's understandable to seek guidance on charting a path towards financial security and peace of mind.

1. Current Financial Snapshot:
You and your husband are in your late 30s and early 40s, respectively, with a combined annual income of Rs 20,64,000. Here's a breakdown of your financial standing:

Income and Savings:
Annual savings of Rs 6 lakhs allocated towards various financial instruments such as mutual funds, insurance policies, and savings schemes.

Annual expenses totaling Rs 50,000 for essential insurances (medical, term, car) and Rs 6,00,000 for day-to-day living expenses.
Loan Obligations:

Existing loan of Rs 17,24,112, including interests, being paid annually up to Rs 4,31,000 until Feb'28.
Planning to purchase a new car next year, expected cost up to Rs 14-15 lakhs, which will likely require additional financing.

2. Planning for Retirement and Future Security:
With retirement on the horizon and the desire to secure your future, it's essential to map out a robust savings strategy:

Retirement Goals:
Discuss and define your retirement aspirations with your husband, envisioning your desired lifestyle and financial needs during retirement.

Savings Strategy:
Determine an ideal savings rate that balances current expenses with long-term goals, including retirement, your child's education, and potential healthcare costs.

Investment Mix:
Explore a diversified portfolio comprising mutual funds, insurance policies, and government-backed savings schemes, tailored to your risk tolerance and time horizon.

3. Addressing the Car Purchase:
The decision to replace your expiring car involves careful consideration, especially given your existing financial commitments:

Financial Implications:
Evaluate all options for financing the new car, considering potential down payments and minimizing loan burden to maintain financial flexibility.

Alternative Solutions:
Explore alternative transportation options or delaying the purchase until you've built more financial reserves to lessen the impact on your budget.

4. Building an Emergency Fund:
Establishing an emergency fund is crucial for weathering unexpected financial challenges:

Setting Savings Goals:
Determine specific savings goals for your emergency fund, considering factors like living expenses, loan obligations, and potential emergencies.

Automating Contributions:
Consider automating contributions to your emergency fund to make saving more manageable and ensure consistent progress towards your goal.

Conclusion:
While navigating the complexities of financial planning can be daunting, remember that you're not alone on this journey. By carefully managing your income, expenses, and savings, and seeking guidance from a Certified Financial Planner, you're taking proactive steps towards securing your future and achieving your long-term goals. Keep focusing on your priorities, stay adaptable to change, and trust in the process as you work towards financial freedom and peace of mind.

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Mutual Funds, Financial Planning Expert - Answered on May 03, 2024

Asked by Anonymous - May 03, 2024Hindi
Money
Iam 40yrs old with 1.6lakhs take home with house wife and 3 yr old baby girl. Below is my current financial condition: 1. Taken Home loan for 35 lakhs for apartment worth of 55lakhs in 2022 with emi requirement of 41k for 11yrs (iam paying monthly 45k and one extra 45k emi yearly) 2. Took Gold loan of 11lakhs in 2022(paying from mar2024 onwards monthly 35k) for apartment purpose 3. Holding 2440 sqft land costs 25lakhs in 2021 now it is 35lakhs planned for baby girl marriage 4. 5lakhs emergency fund in FD 5. 6 lakhs FD for SBI life smart wealthbuilder plan purpose for next 6yrly premium payment, 6. Equity 5lakhs invested now mkt value 8lakhs, 7. Mf 8lakhs now 11lakhs (monthly 20k for 10 different funds with 1k stepup yearly) 8. EPF 20lakhs not withdrawn from beginning for retirement plan 9. Ssy 1.2lakhs for baby girl education (monthly 6k) 10. Ppf 50k for baby girl education (monthly 3k) 11. Nps 4.9lakhs now 6lakhs (monthly 12k from company deduction and 50k annually from my side) 12. Holding agriculture land 1acre 7lakhs near hometown purchased in 2018 now it is same price no increase... Holding bcoz I like to have agriculture land... 13. Holding Gold coins 50gms purchasing when there is Amazon offers.. for baby girl ornaments purpose 14. Term insurance 1crore for me and 50lakhs for my wife purchased in 2022 15. Health insurance 20lakhs with premium 60k for 3yrs purchase in 2022... Monthly 1.6lakhs take home spending as below: 1. 45k home loan emi (annually 45k as one extra emi) 2. 30k mf sip ( 3k each for 10 funds - quant infra, quant smallcap, quant elss, 360 one focused, canara robeco smallcap, canara robeco emerging, mirae largecap, pgim flexicap, parag elss, ICICI prudential technology fund) 3. 35k gold loan prepayment 4. 35k home maintenance expenses 5. 10k ssy and ppf 6. 5k apartment maintenance 7. 45k LIc premium annual requirement 8. 40k term loan premium annual requirement taken 1crore for me and 50lakhs for my wife total to 40k premium 9. 30k annually for bike insurance, services and other maintenance 10. 1.3lakhs for baby girl school fees from this year 50% already paid 50% to be paid in oct 2024 11. 60k premium for health insurance once for 3 years purchased in 2022... I have few ask sir: 1. Want to buy 13 to 15Lakhs car.. when to buy with my financial condition and I have no down payment free cash now 2. Should I change my financial saving/investment please suggest as I am not having any free cashflow post the monthly commitment 3. Want to generate 2nd source of income suggest plz which is good to have it 4. Want to become financial freedom by next 10years so what I need to do for it and plan better. 5. Any changes in the current plan suggestion
Ans: It sounds like you're juggling a lot, but you've got a solid foundation laid out. It's admirable how you're balancing your responsibilities towards your family's present needs and future goals. Let's address your concerns and aspirations one by one.

1. Car Purchase Consideration:
You're eyeing a new car, a shiny symbol of comfort and convenience. However, before diving in, let's assess if it aligns with your current financial trajectory:

Timing and Need:
Do you have an immediate need for the car, or is it more of a desire?
Can you postpone the purchase until you've accumulated a down payment or have more breathing room in your budget?
2. Reviewing Savings and Investments:
Your portfolio is diverse, spanning various assets from real estate to mutual funds. Let's evaluate if each piece is still working optimally for you:

Portfolio Alignment:
Are all your investments aligned with your long-term goals and risk tolerance?
Can you streamline or consolidate any holdings to reduce costs or enhance performance?
3. Exploring Additional Income Streams:
You're eager to bolster your financial stability by exploring secondary income sources. Let's brainstorm some viable options:

Leveraging Skills and Passions:
What skills or hobbies do you possess that could be monetized?
Are there freelancing opportunities or consulting gigs in your field of expertise?
4. Planning for Financial Freedom:
Your aspiration to achieve financial independence within a decade is ambitious yet attainable. Let's outline a roadmap to realize this vision:

Defining Financial Freedom:
What does financial freedom mean to you personally?
Is it early retirement, pursuing passion projects, or having more flexibility in your lifestyle?
Strategic Steps:
How can you increase your savings rate to accelerate progress towards your goals?
Are there opportunities to optimize investments or explore alternative income streams?
5. Optimizing Current Financial Plan:
Let's explore potential adjustments to your existing financial strategy to enhance its effectiveness:

Reallocating Resources:
Can you reallocate funds towards higher-performing investments or areas with greater potential?
Are there opportunities to automate savings or investment contributions for greater consistency?
Conclusion:
Your commitment to securing your family's financial future is commendable. By carefully considering each aspect of your financial situation, from major purchases to investment strategies, you're laying a strong foundation for long-term success. Remember, financial planning is a journey, and with patience, diligence, and the guidance of a Certified Financial Planner, you're well-positioned to achieve the freedom and security you desire.

...Read more

Anu

Anu Krishna  |839 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on May 03, 2024

Asked by Anonymous - Apr 27, 2024Hindi
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Relationship
Hi ma’am My family is not accepting my boyfriend as he is not well settled and doesn’t have any savings. His parent are also divorced and father has a second marriage. The first children custody is still with parents however my boyfriend and his brother live with his mother. He is 5 year younger than me. My family is not accepting my relationship and showing me new proposals every day. To borrow some time i am just refusing the proposal my giving some excuses but now they know that i am still not out from him and waiting for him to get settled. Kindly let me know how can i convince my family to accept my relationship. My boyfriend is working day and night to get settled and have a good account balance. Please advise.
Ans: Dear Anonymous,
If your daughter came to you with the same situation, how would you advise her?
Would you not tell her your concern that she is actually choosing someone who may not be able to support her when she goes on maternity leave? Would you not tell her that coming from a broken family, she may have to take care of her boyfriend and possibly parent him on different occasions? Your parents are only concerned for you and are unable to tell you what they are worried about. Put yourself in their situation and tell me that you will not be worried.

At the same time, I do get your frustration. What you can do is to work on your parents' concerns and buy time till your boyfriend manages to settle down. And it seems like he is doing all that he can to be in their good books. And that's the only way you can get them to accept him. Wait patiently and don't put him under pressure. Instead be supportive and at the same time, you continue to work and be independent as well.

Never try to convince someone who does not want to be convinced but instead work on how they can accept him by addressing their concerns.

All the best!

...Read more

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