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Harsh

Harsh Bharwani  | Answer  |Ask -

Entrepreneurship Expert - Answered on Oct 19, 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
milind Question by milind on Jun 29, 2023Hindi
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Career

I am Having the experience of 20 + years in purchase /procurement but not getting good opportunities.

Ans: Update Your Resume: Ensure that your resume reflects your 20+ years of experience accurately. Highlight key achievements and responsibilities in your previous roles. Tailor your resume for each job application to match the specific requirements of the position.

Network: Leverage your professional network to find job opportunities. Connect with former colleagues, attend industry events, and use professional networking platforms like LinkedIn to stay in touch with peers and industry professionals.

Online Job Boards: Explore job search websites and platforms that specialize in procurement and purchasing roles. Websites like LinkedIn, Indeed, Glassdoor, and specific industry job boards can be valuable resources.

Recruitment Agencies: Consider working with recruitment agencies or headhunters who specialize in procurement and supply chain positions. They can help you find relevant job openings and provide valuable insights into the job market.

Skill Development: Stay updated with the latest trends and technologies in procurement. Continuous learning and skill development can make you more attractive to potential employers. Consider taking courses or certifications in areas relevant to your field.

Targeted Applications: Focus your efforts on job openings that closely match your skills and experience. Tailor your application to highlight how your background aligns with the specific requirements of the position.

Professional Associations: Join relevant professional associations in procurement and supply chain management. These organizations often provide access to job listings and networking opportunities.

Interview Preparation: Practice your interview skills to make a strong impression during interviews. Be prepared to discuss your experience, accomplishments, and how you can contribute to the success of the company.

Consider Contract or Freelance Work: Sometimes, interim contract or freelance opportunities can lead to full-time positions. Be open to short-term roles if they align with your career goals.

Stay Positive and Persistent: Job searching can be challenging, and rejection is a part of the process. Stay positive, maintain your confidence, and keep applying to positions that interest you.

It's important to remember that finding the right opportunity can take time, especially if you have specific preferences or requirements. Continue to build your network, stay updated in your field, and be persistent in your job search. Your extensive experience in procurement should be a valuable asset in the long run





Market Research: Conduct thorough market research to assess the demand for travel services in your target region. Consider factors like tourism trends, competition, and economic conditions.

Due Diligence: Carefully review the financial health and reputation of the agency you intend to franchise. Look at their track record, customer reviews, and industry standing to ensure they have a strong foundation.

Franchise Agreement: Examine the terms and conditions of the franchise agreement, including fees, royalties, and the level of support provided by the franchisor. Make sure you understand the contractual obligations and responsibilities.

Location: Assess the location of the agency and its proximity to potential customers. A strategic location can significantly impact your business's success.

Business Plan: Develop a comprehensive business plan that outlines your goals, target market, marketing strategies, and financial projections. This plan will serve as a roadmap for your business.
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Ramalingam

Ramalingam Kalirajan  |11163 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2026

Asked by Anonymous - May 05, 2026Hindi
Money
I am 34 years old married man with a monthly income of 92,000, and my wife earns 54,000. Here are my details and questions. Loans - Loan - Outstanding amount - EMI - Balanced Tenure Home loan - 10 lakh - 12,500 EMi - 10 years (Current - 7.25%) Top up 1 - 4.60 Lakh - 5,100 - 13 years (Current - 8.25%) Top up 2 - 5.10 Lakh - 5,777 - 13 Years (Current - 8.25%) Top up 3 - 7 Lakh - 7,000 - 15 Years (Current - 8.75%) Commercial Property loan - 27 lakhs - 27,000 - 14 years (Current - 8.75%) Commercial property loan insurance - 98,000 - 1,256 - 13 years (Current - 8.75%) My Investments - 2,500 Monthly premium for LIC policy PF + VPF = 5,700 Monthly (Auto-deduction from salary) NPS - 2100 Monthly (Auto-deduction from salary) First SIP started yesterday for 100 Rs. My wife's investments - 2,500 Monthly premium for LIC policy PF + VPF = 2000 Monthly (Auto-deduction from salary) NPS - 1000 Monthly (Auto-deduction from salary) Therefore, my net take-home salary is roughly 84,000 and her take home salary is roughly 51,000. Addtional income of 10,000 from the rent from the home for which we have taken home loan (1BHK) Exepenses - 18,500 Rent for current 3 BHK we are staying (increasing by 1000 per year) household groceries including pet expenses 25,000 Wife gives 10,000 per month to her parents Other shopping and outside food cost roughly 7000 per month Electricity + Wifi - 2,100 Rs. *Emergency Funds in FDs - 2 Lakh* Now, this or next year, we are planning for the first baby. By August 2026, I expect to receive possession of the commercial property and expect 13,000 rent per month. Now, I was thinking of getting a gold loan (Expecting 8.9%) of around 9 lakh and paying the first two top-up loans (4.60 and 5.10 outstanding). And then, putting the commercial property rent into the gold loan every month. I request your help in further planning to reduce debt or increase investments, as the EMI burden has become a headache for my wife and me.
Ans: You and your wife have managed many responsibilities at a young age. Owning assets, maintaining EMIs, and still thinking about planning shows strong intent. The stress you feel is mainly due to too many loans at the same time, not low income.

» Current Situation – High EMI Pressure

Combined take-home + rent is healthy
But EMIs are spread across multiple loans
This creates mental stress and cash flow pressure

Your problem is not income. It is loan structure complexity.

» Gold Loan Idea – Not Advisable
Your idea:

Take gold loan at ~8.9%
Close two top-up loans (~8.25%)

Issue:

You are replacing similar or slightly lower interest loans with another loan
No real benefit
Adds another obligation

Better:

Avoid taking new loan to close old loans

» Loan Strategy – Simplify and Attack
You have:

3 top-up loans (8.25%–8.75%)
Commercial loan (8.75%)
Home loan (7.25%)

Action plan:

Focus on closing one loan at a time
Start with:
Top-up loans (smaller size, higher interest)

Method:

Use surplus income + rent
Close smallest loan first → psychological relief
Then move to next

This is called debt snowball approach

» EMI vs Rent from Commercial Property

Expected rent: Rs 13k
EMI: Rs 27k

Gap exists

So:

Use that rent fully to support EMI
Do not divert this income elsewhere

» Baby Planning – Very Important
With baby coming:

Expenses will increase (medical + lifestyle)
Cash flow flexibility becomes critical

So next 2 years priority:

Reduce EMI burden
Build stability
Avoid new loans

» Emergency Fund – Good but Improve

Current: Rs 2 lakh
With EMIs and future baby, this is low

Target:

At least Rs 4–5 lakh

» LIC Policies – Review

You and your wife both paying Rs 2,500 monthly

Check:

If these are traditional plans with low returns

Suggested approach:

Make them paid-up after understanding terms
Redirect future premiums into mutual funds

» Investment Strategy – Start Strong Now

SIP of Rs 100 is just symbolic

You have capacity to do more

Start with:

At least Rs 5k–10k SIP combined
Increase gradually every year

Focus:

Diversified, actively managed mutual funds

» Expense Control – Minor Tweaks

Your expenses are reasonable
No major cuts needed

Just ensure:

No lifestyle inflation
Track spending monthly

» Term Insurance – Must Check

With loans + upcoming child

You should have:

Adequate term insurance (at least Rs 1 Cr each)

» Practical 3-Year Roadmap

Year 1:
Build emergency fund
Start SIP properly
Close 1 top-up loan
Year 2:
Close next top-up loan
Increase SIP
Year 3:
Reduce major EMI pressure
Strengthen investments

» Finally

Do not take new loan (gold loan is not useful)
Simplify loans and close one by one
Prepare for baby by improving cash flow
Increase SIP meaningfully
Keep patience – you are already on the right track

Once 1–2 loans are closed, your stress will reduce sharply and wealth creation will accelerate.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.linkedin.com/in/ramalingamcfp/

...Read more

Ramalingam

Ramalingam Kalirajan  |11163 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on May 06, 2026

Asked by Anonymous - May 05, 2026Hindi
Money
Sir mere pass paisa ata hai pr rukta nhi
Ans: This is a very common situation. The fact that you are noticing it means you are ready to fix it. Income is not the problem. System is missing.

» Why Money Comes but Does Not Stay

No fixed structure for saving
Spending happens first, saving later
Small leakages (daily expenses, lifestyle upgrades)
No clear goal-based allocation

Result:

Money flows out without control

» First Rule – Pay Yourself First

Do not wait to save what is left
Save first, then spend

Action:

As soon as salary comes, move 20% to 30% into investments
Treat this like a non-negotiable expense

» Create 3 Simple Buckets
Keep it very simple:

Survival (needs)
Rent, food, EMI, bills
Lifestyle (wants)
Eating out, shopping, travel
Future (wealth)
SIP, savings, emergency fund

Fix limits:

Needs: ~50%
Wants: ~20–30%
Future: at least 20–30%

» Automate Everything

Start SIPs immediately after salary date
Set auto-transfer to savings/investment

This removes:

Laziness
Emotional spending

» Control Leakages
You don’t need big cuts, just control small ones:

Frequent online orders
Impulse buying
Subscriptions not used

Track for 30 days:

You will clearly see where money is leaking

» Emergency Fund – Build Stability

Keep at least 3–6 months expenses aside
This avoids breaking investments

» Give Purpose to Money
Money stays only when it has a job

Create goals:

Short term (1–3 years)
Long term (retirement, child, etc.)

When money has purpose:

You will not spend it casually

» Behaviour Change – Real Key

Do not aim for perfection
Aim for consistency

Even if you save small amount regularly:

It builds discipline
Discipline builds wealth

» Finally

Your issue is not earning, it is flow control
Save first, spend later
Automate savings
Track expenses for awareness

Once system is set, money will start staying without struggle.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

https://www.linkedin.com/in/ramalingamcfp/

...Read more

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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