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30-Year-Old B.Tech Graduate Seeks Advice on Career Path Amidst Family Financial Struggles

Krishna

Krishna Kumar  | Answer  |Ask -

Workplace Expert - Answered on Oct 03, 2024

Krishna Kumar is the founder and CEO of GoMoTech, a company that provides strategic consulting in B2B sales, performance management and digital transformation.
Before branching out on his own, he worked with companies like Microsoft, Rediff, Flipkart and InMobi.
With over 25 years of experience under his belt, KK is a regular speaker at industry events and academic intuitions, both in India as well as abroad.
KK completed his MBA in marketing from the Sri Sathya Sai Institute of Higher Learning in Andhra Pradesh and his management development programme from XLRI, Jamshedpur.
He has also completed his LLB from Nagpur University and diploma in PR from Bhavan’s College of Management, Nagpur, where he was awarded a gold medal.... more
Anjesh Question by Anjesh on Oct 01, 2024Hindi
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Career

Hello sir my Name is Anjesh .I done my Bsc in 2016 then after i Done B.tech through lateral entry in Mechanical engineering in 2019 after that Covid came So I start preparing One day Government Job.but now ny age is 30 . MY father have a Kirana shop .but this Time to manage my Family Finanace is Very critical. Plz Sir advice me what should i do Now..Also pressure of sister marriage and Family debt issue..

Ans: Dear Mr.Anjesh

I can understand your situation. My suggestion would be basis your educational qualification kindly take up job either full time or part time. This will give you both confidence of working and comfort of income, which is very much required.

I am sure with your intent and efforts you will surely find job soon. All the very best.

Warm Regards
Career

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Shekhar

Shekhar Kumar  | Answer  |Ask -

Leadership, HR Expert - Answered on Apr 26, 2024

Asked by Anonymous - Apr 25, 2024Hindi
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Hi Sir I have completed my btech in 2018 after that i am preparing for govt job for 2 years but not getting result in 2020 starting a pvt job ...till now doing that job got promoted but as compared to other employe i feel underpaid bcz some employee at my position have direct approach to CEO ... I feel to start govt job preparation again but my age is now 28 ...pressure from family to do better in life fully stucked my father always force me to do some self employed type business... I am totaly frustrated .
Ans: It sounds like you're facing a lot of pressure and frustration regarding your career and future direction. It's understandable to feel overwhelmed when dealing with family expectations, job dissatisfaction, and uncertainty about your career path. Here are some suggestions to help you navigate this challenging situation in the future. Have open and honest conversations with your family about your feelings, aspirations, and concerns regarding your career. Express your need for support and understanding as you navigate your career journey. Explain your reasons for considering government job preparation or entrepreneurship, and discuss how your family can support you in pursuing your goals. Once you've clarified your goals and explored your options, take proactive steps to move forward. This may involve updating your resume, researching government job requirements, or developing a business plan for your entrepreneurial venture. Break down your goals into smaller, manageable steps and take consistent action towards achieving them. Remember that progress takes time, and setbacks are a natural part of the journey. It's essential to prioritize your well-being and mental health during this challenging time. Take time for self-care activities that help you relax, recharge, and maintain balance in your life. Seek support from friends, family, or mental health professionals if you're feeling overwhelmed or struggling to cope with stress. Research different career paths, including government job opportunities, entrepreneurship, and other alternatives. Consider the pros and cons of each option, as well as the potential challenges and opportunities they present.

Remember that your career journey is unique to you, and it's okay to explore different paths and make changes along the way. Trust yourself to make decisions that align with your values, aspirations, and well-being. With persistence, self-reflection, and support from others, you can navigate through this challenging period and find fulfillment in your career and life.

..Read more

Ramalingam

Ramalingam Kalirajan  |9407 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 24, 2024

Asked by Anonymous - Jul 07, 2024Hindi
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Money
Dear sir, My husband retaired from tyre factory He earned 1 Lack permonthly. We spend money for children education and we bought one house. Now my husband pension just 4000 and my salary 50k only. My two son are studying. How i will manage current economic situation. After retairement at the age what job he can do? Please give suggestion.
Ans: Current Financial Situation Analysis
Let's assess your current financial situation and explore potential solutions to manage it better.

Income Sources:

Your husband's pension: Rs 4,000
Your salary: Rs 50,000
Major Expenses:

Children's education
Household expenses
Housing costs
It seems that your combined income is Rs 54,000 per month. However, managing with this amount, given your expenses, is challenging.

Immediate Financial Management Steps
Budgeting:

Create a detailed budget. Include all expenses: education, groceries, utilities, and housing.
Track spending and identify areas to cut costs.
Emergency Fund:

Maintain an emergency fund. It should cover at least 3-6 months of expenses.
If you don’t have one, start building it slowly by saving a small amount each month.
Debt Management:

Prioritize paying off high-interest debts first.
Avoid taking on new debt if possible.
Increasing Income
Part-Time Jobs:

Your husband can explore part-time or freelance work. Options include consulting, tutoring, or clerical work.
Websites like Freelancer, Upwork, or local classifieds can offer opportunities.
Skill Development:

Invest in courses or training programs to enhance skills.
This can open up new job opportunities with better pay.
Utilize Assets:

If you have assets like property or gold, consider renting out space or selling non-essential items.
Education Planning
Scholarships and Grants:

Look for scholarships and grants for your children’s education. Many organizations offer financial aid based on merit or need.
Research online or consult school advisors for available options.
Education Loans:

Consider taking education loans if necessary. Choose options with favorable interest rates and repayment terms.
Investment Strategy
Mutual Funds:

Invest in mutual funds through a Certified Financial Planner. They provide professional management and diversify risk.
Opt for regular funds rather than direct funds. Regular funds offer professional advice and support from a CFP.
Avoid Real Estate Investment:

Given your current financial situation, avoid investing in real estate. It requires significant capital and is not liquid.
Actively Managed Funds:

Prefer actively managed funds over index funds. Actively managed funds have the potential for higher returns as they are professionally managed to outperform the market.
Long-Term Planning
Retirement Planning:

Ensure you are saving for retirement. Invest in options like PPF or NPS.
Consult a Certified Financial Planner to create a retirement plan tailored to your needs.
Insurance:

Ensure you have adequate life and health insurance coverage.
It protects against unforeseen circumstances and reduces financial burden during emergencies.
Final Insights
Managing your current economic situation requires careful planning and disciplined financial management.

Focus on budgeting, increasing income, and making informed investment choices. Seek scholarships for education and invest in mutual funds with professional guidance.

Your husband can explore part-time job opportunities to supplement the household income.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Dr Dipankar

Dr Dipankar Dutta  |1686 Answers  |Ask -

Tech Careers and Skill Development Expert - Answered on Mar 22, 2025

Asked by Anonymous - Mar 07, 2025Hindi
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Career
Hello Sir, I'm 24 yrs old. I'm persuing MCA right now. I have 1 year of experience in BPO and recently I got the job in BPO and right now my salary is 22k per month and I'm very confused about my career, I don't know what I'm doing in my life like I'm persuing MCA and doing job in BPO. My family has financial issues and have some debts to pay. I want to do good in my life and giving best life to my parents. I'm very stressed about my future that If I turn 40, will I have a good future or not, will I have good savings or not and will I be stable or not. I'm so much confused about my career. My salary is 22k per month and it is not sufficient for me and family because I have to pay debts of my family. There's no savings in my home. My family wants me to get married but I want to pay off all my debts and loans and then get married so that there is no problem in future and I can focus on one thing only. My family has 3 member - Father, monther and me. Some expenses of 7 Lac home loan EMI, Electricity bill, home expenses and 1 lac debts. How can I manage all these things and how can I pay all debts and loan faster? We want good and free of home loan and debts and relaxing life after 5 years, so please help me to make good financial plans, savings, careers, and managing expenses.
Ans: Since you're pursuing MCA and currently working in a BPO, the immediate priority is shifting to an IT or software-related job for better salary growth.
Keep working in BPO for financial stability but start actively learning technical skills (Python, SQL, Web Development, or Data Analytics).
Get certifications in cloud computing (AWS/Azure), cybersecurity, full-stack development, or data science based on your interest.
Look for remote/part-time freelancing (Upwork, Fiverr) to increase income.

..Read more

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Prof Suvasish

Prof Suvasish Mukhopadhyay  |2267 Answers  |Ask -

Career Counsellor - Answered on Jul 05, 2025

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