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Nitin

Nitin Sathe  | Answer  |Ask -

HR, Recruitment Expert - Answered on Jul 19, 2023

Air Commodore Nitin Sathe (retd) is an IAF veteran with experience in aviation, aviation management, recruitment and HR.He has commanded a frontline base in Jammu and Kashmir, served with the UN Peace Keeping Force in Congo and volunteered for tsunami relief operations. Today, he is a certified recruiter and personality assessor.... more
Asked by Anonymous - Jul 19, 2023Hindi
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Career

Sir, I am a BTech MBA student with close to 20 years of experience in IT sector. I have climbed the ladder in corporate and currently working for a reputed MNC. I earn well. Few years back due to a severe health issue, had to undergo surgery and now struggle with my health due to loss of a internal organ. My energy levels are down and I am unable to focus and thrive in my job. At the same time, my marital life is full of misunderstandings and has no peace. I am not blaming anyone here but I am assessing my situation. Due to all this, I am more spiritually inclined towards salvation. However I have my parents, child and family to finish my responsibility. Basically I have lost the drive to work due to my poor health and all the stress in life but at the same time need money for family, medical expenses and parents. I lost my previous job due to being not committed and finally was fired because I did not live upto the expectations. I managed to get another job but here too I am unable to deliver due to all the issues in my life. (health, marital, lack of focus etc) I am 45 now. I tried yoga, and few other activities to boost my health. My doctor claims that I cannot work like before due to my health issue and my mind is very much oriented towards spiritual studies but I have a family duty to do. Can you tell me how should I handle all this ? I wanted to add more and hence re-submitting the question again, I love being alone with myself, I dont like people, crowd, and I am afraid of them, I want to be left alone and away from everyone. I am a normal person but I somewhat feel unnecessary to mingle and speak to people because everyone is just gossiping or talking politics or talking some irrelevant subject or conversing about someone else, providing opinions and perceptions, which at the end of the day leads to nothing ? Hence I avoid people and interaction unless it is into spirituality. After aligning to spirituality, i feel like functioning in this existence has become difficult because everything is just a play and a game and everyone's karma is dissolving or creating for their satisfaction of desires. This too is hampering my career,

Ans: You seem to be blaming your health for all the issues you are dealing with as of now. I suggest you do the following…
First read a book titled ‘Born to Fly’ It is about a pilot who loses all his limbs due to an accident and how he rebuilds his life to a more meaningful one. I am sure you will feel motivated by this reading.
Secondly, I do strongly feel that you need to go to a counsellor and get rid of the negative thoughts that seem to be plaguing you.
Thirdly, I do not agree that keeping away from people is a right thing to do. Human beings need to interact with each other to lead a fruitful life. You need to understand this and Counseling as above would help you.
I await hearing from you again after you do the above!
Best of luck!
Career

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Krishna

Krishna Kumar  |383 Answers  |Ask -

Workplace Expert - Answered on Mar 04, 2024

Asked by Anonymous - Mar 04, 2024Hindi
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Career
Hi Krishna I have worked as a software engineer for last 20 years and I am exhausted and feel like quitting the software industry. Even though work is manageable, due to my experience the expectation from Leadership is high, and delivery expectations also is too much. Workplace is toxic, and too much of politics. I am an introvert and feel like doing remote jobs for lesser pay or rather quit completely and continue with my spiritual journey since I have seen lot of pain and suffering with respect to my health, marriage etc etc. I am also drawn towards spiritual life because leading a materialistic life seems meaningless. I am 45 today, I have no more interest in material life but due to obligations towards family and 1 child, I am working for money and I also need money for medical expenses because I underwent through a major health crisis 10 years back where I lost organ for surgery, this has created major imbalance in hormones leading to depression, anxiety and unable to face everyday challenges. This is also the reason due to which I cannot continue working. I have some 50k monthly as passive income and only 1 child. With some ppf, pf amount. Would this be enough for me to continue on spiritual journey and exit material and hectic IT life due to health issues and no peace in what I am doing ? Can you suggest how I can get some remote jobs that I can do if in case I need money. I am a BTech MBA graduate and managed to survive in this pressure hectic IT life for 20 years and feel like giving up everyday. I sometimes feel it was better off to lead a life without this education, engineering because all we need is 2 pair of clothes, shelter and 2 times food and for that we need to struggle so much in a city when compared to a village life. Please guide me not just from your perspective but step into my situation and understand and share your thoughts, or have you seen anyone like me and how have they managed to lead life after quitting and leading a monastic life
Ans: Dear

At the outset let me express my gratitude to you for putting up your question. It's indeed very profound.

First and foremost, your personal health is of foremost importance. Nothing should come in between that.

Secondly, money is essential but it's like the fuel not the engine.

Thirdly, work we must because it makes us fulfilled but we should not let work define our identity.

Fourthly, family commitment is our responsibility never run away from that.

Finally, spiritual journey or pursuing hobbies should not be taken up because we feel frustrated with some other things in life. They should be an end in itself.

I can feel what you are going through because many are in a similar situation like you but they don't have clarity or courage to accept that. So cheers to you for being aware of your situation and accepting it.

Here are few thoughts that I would share, however please take them as pointers and not as an advise, because we all have our own emotional disposition. That's why I believe an advise that may work for one person will not work for another because we all have our own emotional state and that defines the way we feel after taking certain decisions.

1. Slow down...you may want to ask your company to make you contractual with reduced responsibility and pay or you can take up contractual assignment with some other companies. In today's cost cutting environment companies would prefer that.

2. Talk to your spouse about your current state, let me tell you our spouse has a better feel of what we should and should not do. Moment you talk to your better half world of options will open. But more than that you will realise that you have someone in life who cares for your well being...that feeling is what we all need...someone caring for us.

3. Give up the notion of self identification through work. After salary that's the biggest drug that keeps us going in a job. We can't see ourselves outside of work as if we are born to work.

Lastly pray to God seeking guidance and clarity, trust me prayer is very powerful because it makes us calm and it's the calm mind that gives clarity.

Wishing you the very best. Trust me you will be alright soon.

With Love
Krishna

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Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Asked by Anonymous - Nov 14, 2024Hindi
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Money
Hello finance guru, I am 45 years old , with 2 kids. I live in a Tier-1 city with ~49 Crores of networth. This includes ~12 crores of investment in real estate (land and a flat at a prime location), ~34 crores in equity, ~1 Cr in Crypto and ~2 Cr in cash. I work in a pharmaceutical firm in an executive role and planning to retire in the next 1 year. My knowledge on finances is average and would like to seek your advise. I would like to generate ~2.5 lakhs per month for expenses from my savings and would like to double my networth in the next 7 years. Could you provide me help on the directions I can take to make this working?
Ans: Hello;

Deducting the real estate and crypto investments from your networth, we have 36 Cr.

You may invest 4 Cr each in 2 equity savings type mutual funds and 2 conservative hybrid debt oriented mutual funds.

If you do a 3% SWP from each of these funds you may expect a monthly payout of around 2.8 L (post-tax).

These funds generally yield 8-9% returns so they will continue to provide inflation adjusted income to you.(6% inflation rate considered)

Balance remains around 20 Cr, while 2 Cr may be retained as liquid fund for contingency requirement, the balance 18 Cr you may invest in combination of mutual funds, PMSs and AIFs.

As you enter retirement phase your focus should shift from "maximising returns" to "decent returns with moderate risk" since return of capital is more important than return on capital.

Happy Investing;
X: @mars_invest

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

...Read more

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

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Money
Dear Sir, I am 53 yrs. I want to retire @60 with a INR 2.00 Cr Corps. Currently I have following SIP Total SIP 30000/- PM Axis Bluechip Fund - Regular Plan - Growth HDFC Mid-Cap Opportunities Fund - Growth Plan Aditya Birla Sun Life Pure Value Fund - Growth Option Aditya Birla Sun Life Equity Advantage Fund - Regular Growth Sundaram Mid Cap Fund Regular Plan - Growth Bajaj Finserv Flexi Cap Fund -Regular Plan-Growth Franklin India Focused Equity Fund - Growth Plan Franklin India Smaller Companies Fund-Growth HDFC Top 100 Fund - Growth Option HDFC Multi Cap Fund - Growth Option I have MF Investment @ 26.00 Lakh Current Value is @ 52.00 Lakh. I have Savings of Rs. 10.00 Lakh, PPF Rs. 5.00 Lakh, Share investment Current Market Value around Rs. 20.00 Lakhs. I don't have any Loan. Insurance INR 1.50 Cr. up age of 70. Per month earning around Rs. 1.25 Lakh. I have a Investment in real estate which can give my INR 40.00 Lakh at current Market Price & Gold Investment of INR 20.00 Lakh which I think sufficient for my daughter Marriage. Current Monthly Expense INR 40-50 K. I am in a new tax regime, so discontinue my ELSS saving and PPF Saving. Suggest how i can increase my Corpus for retirement.
Ans: Hello;

You may top-up your monthly sip by 10% every year for 7 years. This will grow into a sum of around 0.51 Cr.

The MF corpus and direct equity holdings worth 0.72 Cr today will grow into a corpus of 1.59 Cr after 7 years.

Therefore you may achieve your intended corpus of 1.59+ 0.51=2.1 Cr, 7 years from now. A modest return of 12% is assumed from MF and direct equity holdings.

2-3 years before 60 you should start moving your gains from equity funds to liquid or ultra short duration debt funds to protect it against market volatility.

Also good health care insurance for yourself and your spouse.

RE property you may sell at a later date to boost your retirement income.

Happy Investing;
X: @mars_invest

...Read more

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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