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Chocko

Chocko Valliappa  |475 Answers  |Ask -

Tech Entrepreneur, Educationist - Answered on Feb 28, 2024

Chocko Valliappa is the founder and CEO of Vee Technologies, a global IT services company; HireMee, a talent assessment and talent management start-up; and vice chairman of The Sona Group of education institutions.
A fourth-generation entrepreneur, Valliappa is a member of Confederation of Indian Industry, Nasscom, Entrepreneurs Organization and Young Presidents’ Organization.
He was honoured by the YPO with their Global Social Impact award in 2018.
An alumnus of Christ College, Bangalore, Valliappa holds a degree in textile technology and management from the South India Textile Research Association. His advanced research in the Czech Republic led to the creation of innovative polyester spinning machinery.... more
Asked by Anonymous - Feb 27, 2024Hindi
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Career

Hi, Sir/Madam My daughter is currently giving her 10th exam in New Delhi. She is suffering from locomotor disability and can't walk, even can't stand without help. Also their is problem in her left hand also. but she is good in studies. Can you suggest which stream ,course or subject she should choose for her secure future. I want all option open for her future prospects like govt or private job and even civil services if she can crack it. Please provide guidance.

Ans: As I see your daughter has sharp mental abilities. Do encourage her to continue pursuing her studies and excel. I am sure your are consulting specialists to help her enhance her locomotor abilities with medicine and physical therapy. Many such difficulties can be overcome with modern medicine.
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Mayank

Mayank Chandel  |2010 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Apr 05, 2023

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Career
Hi Sir, My daughter is confused about which subject to choose after 10th. Need your expert advice here. Below are her traits and career aspiration: # First choice of her career is to appear in UPSC and be a IAS/IPS. But, has a fear about not clearing it, than what? So, other option should be open. # She dont want to have a 9 to 5 Job. # She is good at Maths but she dont like to solve complex problems. # Confused with Bio/Commerce and humanities which one would be good for her ? # at last, she want to earn lots of money ?
Ans: It's great that your daughter has clear career aspirations, but it's important to remember that there are multiple paths to achieving them. Here are some points to consider:

UPSC is a highly competitive exam, and the success rate is relatively low. So, it's always good to have a backup plan. While pursuing her studies, your daughter can also prepare for other government exams, such as the state civil services or bank exams, as these can also offer good career prospects. But here, it will be a 9 to 5 job, as you said she doesn't want a 9-5 job.

Also If she doesn't want a 9 to 5 job, then she can consider careers in law, journalism, or entrepreneurship. These fields offer a lot of flexibility and the opportunity to work on her own terms.

If she is good at maths but doesn't like to solve complex problems, then she can consider commerce as an option. A career in finance or accounting can be a good fit for her.

Humanities can also be a good option for her if she is interested in subjects like history, geography, or political science. These fields can also help her in her UPSC preparations.

Lastly, while earning lots of money is a valid goal, it's important to also consider other factors like job satisfaction and work-life balance. Your daughter should choose a career that aligns with her interests and passions, rather than just focusing on the financial aspect.

Overall, encourage your daughter to explore different fields and subjects, and to keep an open mind about her career options. With hard work and dedication, she can achieve success in any field she chooses.

..Read more

Dr Shakeeb Ahmed

Dr Shakeeb Ahmed Khan  |138 Answers  |Ask -

Physiotherapist - Answered on Jun 21, 2024

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Health
Sir my daughter is a PH with 63% Disability certified. She has vision in one eye only and that also is grafted. She is suffering from keratoglobus and week bones. At present she is in class 10. She wants to take up commerce in her 11th. I am not understanding how to train her for her future. Which career or job she can get with this condition. Kindly guide me as to how I should lead her after 10th for a secure govt job. She is good in drawings and has won many prizes too. But don't know how long she will be able to do because of her low vision. Please help.
Ans: It's commendable that you are looking ahead to support your daughter's future. Given her interest in commerce and her talent in drawing, there are several ways to help her navigate her educational and career path effectively. Here are some detailed steps and suggestions to guide you:
Ensure the educational institution she plans to attend for her 11th and 12th grades can accommodate her needs. Speak to the school or college principal about making the environment accessible, including providing necessary aids like large print materials, magnifying devices, or digital resources. Advocate for sensitization programs in the school to ensure her peers and teachers understand her needs and can provide appropriate support. Completing her graduation will open up numerous opportunities. Encourage her to pursue her interests in commerce, as this field offers diverse career paths. Utilize the 1% reservation in identified government jobs and higher education for people with physical disabilities. This reservation is an important entitlement and can provide a secure career path. Guide her to prepare for competitive exams like SSC, UPSC, or banking exams that have reservations for physically disabled candidates. Various coaching centers and online platforms offer preparatory courses tailored to these exams. Look for scholarships and educational grants specifically for students with disabilities to support her higher education financially. Please refer National Handicapped Development Finance Corporation Scheme for scholarship. Connect with NGOs that support individuals with disabilities. These organizations can provide resources, training, and advocacy support.

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Radheshyam

Radheshyam Zanwar  |1187 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Feb 04, 2025

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Career
Hello Sir, My daughter is studing in class 8th in Kendriya Vidyalaya. She has a great grasping power but does not study. Her marks are also very poor. Also, she is very poor in Maths. Can she move to a career in computers / AI? Please advice what career options she has in case she continues to struggle in her studies? Regards Nitin
Ans: Hello Nitin.
Right now, your daughter is studying in just 8th std. On one side, you are saying that she has great grasping power but is poor in maths and scores less too. I would suggest as follows: (1) Just focus on the syllabus of 8th std and coming standards. (2) Ask her to do more writing practice to score more in exams (3) If she is weak in maths, then practice is the only solution for that. Ask her to do more practice on maths (4) Regarding her career options, it would not be better to discuss them at this early stage. Let her complete at least 10th std to assess her performance and her vision towards the upcoming future (5) Anybody with any stream, can now work in the computer and AI field. However she is more inclined towards these fields, then she has to study some computer languages and coding skills to master them. Even if she is struggling at this stage, then the same pattern doesn't need to continue in the future also. I have seen many cases, where a student was very weak in schooling but cracked JEE/NEET in 12th standard. Let us think positively about your daughter.
If satisfied, please like and follow me.
If dissatisfied with the reply, please ask again without hesitation.
Thanks.

Radheshyam

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Ramalingam

Ramalingam Kalirajan  |7967 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 15, 2025

Asked by Anonymous - Feb 15, 2025Hindi
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Money
We are a family of three (me + my parents). I am 30 and have no plans on getting married. Will explore spirituality and try to be a social worker after working for 2-3 more years. We have a corpus of Rs. 1.1 cr invested in FDs. The interest generated (Rs. 8,00,000 p.a.) is withdrawn monthly and used for daily expenses. Please tell me - 1. How long can my corpus last if we keep withdrawing the same amount each year? 2. Is there a need to add more money in corpus? 3. How will inflation hurt and play a role?
Ans: Your situation is well-structured, and your financial discipline is impressive. Let’s break down your concerns step by step.

1. How Long Will the Corpus Last?
You have Rs 1.1 crore in fixed deposits (FDs).

Your annual withdrawal is Rs 8 lakh, covering living expenses.

The duration your corpus lasts depends on the FD interest rate and inflation.

If the interest earned matches your withdrawals, the corpus remains intact.

But if expenses rise due to inflation, the corpus may start depleting.

If inflation is higher than your FD interest rate, the corpus will shrink faster.

Over time, this gap can significantly reduce your savings.

Without additional earnings or reinvestment, depletion becomes inevitable.

A detailed cash flow analysis is necessary for exact projections.

2. Is There a Need to Add More Money?
Your current strategy works well for now.

But inflation will increase expenses each year.

FD interest rates may also decline in the future.

A 25-year time frame requires careful planning.

If expenses rise but income stays the same, your corpus may not last.

Having an extra financial buffer is always good.

You may need to add funds over time to sustain withdrawals.

Consider a mix of investment options for better returns.

Balancing risk and stability is key for long-term security.

3. The Role of Inflation
Inflation reduces the value of money over time.

What costs Rs 50,000 today may cost Rs 1 lakh in 15-20 years.

If expenses double, your withdrawals must also double.

But your FDs may not generate enough interest to support this.

Over time, the real value of your corpus declines.

This means either increasing your corpus or reducing expenses.

Investing in assets that beat inflation can help.

A financial plan with regular reviews is necessary.

4. Fixed Deposits – Strengths and Weaknesses
FDs offer stability and guaranteed returns.

But they may not keep up with inflation in the long run.

Tax on FD interest further reduces net earnings.

Interest rates fluctuate and may decline in the future.

Over-reliance on FDs can erode wealth over time.

A diversified investment plan is essential.

5. Alternative Investment Strategies
You can explore better investment options alongside FDs.

Actively managed mutual funds have the potential for higher returns.

Debt mutual funds offer stability with tax efficiency.

Some portion in balanced hybrid funds can manage risk well.

Conservative investment in gold can hedge against inflation.

Having multiple sources of income is always better.

Choosing the right mix of investments is crucial.

6. Steps to Strengthen Financial Security
Review expenses and identify areas for cost-cutting.

Maintain an emergency fund for unexpected needs.

Consider reinvesting some interest earnings to grow the corpus.

Diversify investments instead of relying only on FDs.

Keep track of inflation and adjust withdrawals if needed.

Reassess the financial plan every year.

7. Impact of Taxes on Your Income
FD interest is fully taxable as per your income slab.

High taxation reduces the effective return on FDs.

Some alternative investments offer better tax efficiency.

Choosing tax-efficient options helps preserve more wealth.

8. Planning for Spiritual and Social Work Phase
After 2-3 years of work, your income may stop.

Your corpus must fully support expenses post-retirement.

Ensuring a steady income source is essential.

Passive income streams like dividend-yielding investments can help.

Reducing lifestyle costs can make funds last longer.

Proper financial discipline is crucial for long-term sustainability.

9. Final Insights
Your financial setup is strong, but long-term risks exist.

Inflation, tax impact, and lower FD rates can hurt corpus longevity.

A well-diversified portfolio will offer better security.

Regular financial reviews help in adjusting to changing needs.

Adding funds to your corpus ensures stability for the future.

Prudent planning today ensures a worry-free tomorrow.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

...Read more

Radheshyam

Radheshyam Zanwar  |1187 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Feb 15, 2025

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