hi my son appeared cbse 2023 in PCM stream and get 91 % marks and also appeared jee and get 88 % in general catagery,now what can decision take to us. he want to drop and preparation of jee 2024 with ews catagery please guide to us

Ans: Hi
180 is a good score. You will get into some NIT or IIIT for sure.
In case of any queries & professional help, you can DM me through insta handle CAREERSTREETS.

Ans: its a scam, please raise a complaint to cyber crime

Ans: its a scam, please raise a complaint to cyber crime

Ans: as you have made overall loss no need to pay any Capital Gain Tax, but you need to declare this while filling your income tax returns.

Ans: Dear Anonymous,
What sort of arrangement is this? If you anyway were planning to divorce and separate, then what is the meaning of living in the same house/
For the sake of the child, kindly, go by the terms of the divorce and live in different homes and agreeing to certain visitation rights to your child from both of you. Don't mess with the emotional environment of a little girl please.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

Ans: Dear Anonymous,
Well, he's doing this for a reason. Maybe his way of showing that you are important to him?
At times, we do not understand the other person's language of love; what we can do is accept them for how and who they are. Yes, you do not appreciate what your husband has done, but can you just think that it was done as an act of love for you? Maybe then, you can see the entire episode as not anything against you BUT actually for you.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

Ans: Your financial situation is challenging but manageable with the right strategy. You need a structured approach to reduce your loan burden while ensuring financial stability. Below is a step-by-step plan to help you manage your EMI payments effectively.

Assess Your Current Financial Situation
You have two personal loans totaling Rs. 7 lakhs.
The Rs. 2.25 lakh loan EMI is being paid on time.
The Rs. 4.75 lakh loan EMI is difficult to pay due to job loss.
Your lender has rejected the restructuring request.
You are doing odd jobs to cover partial EMIs.
You have borrowed money from family and friends for health-related expenses.
Immediate Steps to Reduce EMI Pressure
Prioritise Essential Expenses

Focus on necessities like rent, food, and medical expenses.
Cut down on discretionary spending.
Avoid new loans or credit card debt.
Try Negotiating Again with the Lender

Approach the lender with a new repayment proposal.
Request a lower EMI based on your current earnings.
Highlight job loss and health issues in your request.
If needed, offer partial payments to show commitment.
Seek Financial Assistance from Family or Friends

Consider borrowing a small amount to clear missed EMIs.
Ensure you repay them once you secure a stable job.
Use Savings or Liquid Assets

If you have emergency savings, use them for EMI payments.
Consider selling small assets or non-essential valuables.
Medium-Term Solutions for Loan Management
Debt Consolidation Loan

Apply for a new loan with a lower interest rate.
Use it to pay off the Rs. 4.75 lakh loan.
This can reduce your EMI and extend the tenure.
Compare interest rates before applying.
Balance Transfer to Another Bank

Some banks offer lower interest rates for balance transfers.
Shifting your loan to another bank can reduce EMI pressure.
Check the processing fee before proceeding.
Freelance or Part-Time Work

Explore temporary jobs or online gigs.
Any additional income can help cover EMIs.
Consider skills-based freelancing for better income.
Emergency Loan from Employer or Community Groups

Some organisations offer interest-free loans to employees.
Community groups may provide financial assistance.
Check for government schemes supporting job seekers.
Long-Term Strategies for Financial Stability
Build an Emergency Fund

Once you secure a job, start saving for emergencies.
Keep at least six months' expenses as an emergency fund.
This will prevent future financial stress.
Improve Credit Score

Pay EMIs on time to avoid credit score damage.
Avoid multiple loan applications in a short period.
Good credit history will help in future financial needs.
Plan for Future Expenses

Set financial goals for savings and investments.
Avoid unnecessary borrowing in the future.
Invest in health insurance to cover medical emergencies.
Final Insights
Focus on paying the overdue EMI as soon as possible.
Explore options like debt consolidation or loan balance transfer.
Look for additional income sources to ease financial pressure.
Once stable, build an emergency fund to avoid similar issues.
Stay disciplined with spending and financial planning.
If you need more personalised guidance, feel free to reach out.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: Hello;

I feel no need to inform this to the insurer now since you acquired it after policy inception.

However you may update it to the insurance company sighting change in health status before next renewal.

Most likely renewal will get rejected or will be accepted without this condition.

Check on cardiac exclusive policies to cover your ailment.

Also keep an emergency fund aside as a safe provision in case any unforeseen situation arises.

Best wishes;

Ans: Your monthly income is Rs. 5 lakh, with expenses of Rs. 50,000–60,000.

You have strong savings and investments in different assets.

Your investments include EPF (Rs. 30 lakh), stocks (Rs. 20 lakh), FD (Rs. 50 lakh), and SIPs.

You are investing Rs. 1.2 lakh per month in SIPs, ULIPs, LIC, and other schemes.

You have a term insurance plan, which is essential for financial security.

You have no loans, which is a great advantage.

You have invested Rs. 10 lakh in NPS, which helps in retirement planning.

Optimizing Your Investments

Your SIPs are the right approach for wealth creation. Increase them by 10% yearly.

ULIPs and LIC policies do not give high returns. Consider surrendering them and reinvesting in mutual funds.

Actively managed funds outperform index funds over the long term. Ensure your SIPs are in well-managed funds.

EPF is a safe retirement asset but has lower growth. Consider balancing with equity.

Stocks require deep knowledge and time. Mutual funds provide professional management and diversification.

FDs offer security but do not beat inflation. Consider debt mutual funds for better tax efficiency.

Planning for Your Children's Education

Your kids are 5 and 1 year old. You have 10-15 years to plan for their education.

Estimate future costs considering inflation. Higher education costs rise rapidly.

Allocate a separate portfolio for education. Equity mutual funds are best for long-term growth.

Continue SIPs in equity funds. Increase contributions every year.

Avoid child-specific insurance plans. They give low returns and high costs.

Debt funds can be used as your child nears higher education. They provide stability.

A mix of large-cap, flexi-cap, and mid-cap funds balances growth and risk.

Building a Strong Retirement Plan

You are 38 years old. You have at least 20 years before retirement.

Retirement planning requires a mix of equity and debt investments.

Your EPF and NPS provide stability, but equity gives higher long-term returns.

Increase equity exposure in your retirement portfolio. It helps in wealth accumulation.

SWP in mutual funds after retirement gives a steady income with tax benefits.

Keep emergency funds separate. At least 12 months of expenses in liquid funds.

Health insurance is essential. Ensure sufficient coverage for you and your family.

Generating Passive Income Before Retirement

Your goal is financial freedom, where investments generate income.

Dividend mutual funds are not tax-efficient in the 30% slab.

Arbitrage funds offer stable returns with low tax impact.

Debt funds can provide a steady cash flow through SWP.

Monthly Income Plans (MIPs) in mutual funds can give periodic payouts.

A mix of equity and debt funds creates a reliable income stream.

Finally

You are on the right track with disciplined investing.

Optimize your portfolio by shifting from low-return ULIPs and LIC policies to high-growth mutual funds.

Increase SIPs yearly to build wealth for retirement and children’s education.

Keep a tax-efficient withdrawal strategy for passive income.

A Certified Financial Planner can help you refine your strategy for long-term success.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment