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World Exploration and Skill Development Aspirations Stifled by Family Constraints

Sushil

Sushil Sukhwani  | Answer  |Ask -

Study Abroad Expert - Answered on Jul 02, 2024

Sushil Sukhwani is the founding director of the overseas education consultant firm, Edwise International. He has 31 years of experience in counselling students who have opted to study abroad in various countries, including the UK, USA, Canada and Australia. He is part of the board of directors at the American International Recruitment Council and an honorary committee member of the Australian Alumni Association. Sukhwani is an MBA graduate from Bond University, Australia. ... more
Dhanuja Question by Dhanuja on Jun 29, 2024Hindi
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Career

Sir, i have interested to explore the world and interested to learn all skills as i can. But some family situation can't do anything without my parents. They are not allow

Ans: Hello Dhanuja,

To begin with, thank you for contacting us. I am happy to know that you are interested in learning new skills. However, I would like to let you know that we only deal with overseas education. If you are interested in pursuing your studies abroad, do get in touch with us and our team of expert counselors will review your profile and provide you with the best possible guidance.

For more information, you can visit our website: www.edwiseinternational.com

You can also follow us on our Instagram page: edwiseint
Asked on - Jul 02, 2024 | Not Answered yet
Yes i have interested but we are financially troubling... I have to earn fir our finacial problems

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R P

R P Yadav  | Answer  |Ask -

HR, Workspace Expert - Answered on Feb 08, 2024

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Hi I'm Lanchunliu from Manipur and I'm 20 years old.Im just a college student but I don't want to depend on my parents for my education,i want to earn money for my expenses and for fees,so what should I do
Ans: It's admirable that you want to take responsibility for your education expenses. There are several ways you can earn money as a college student. Here are some suggestions:

Part-Time Jobs: Look for part-time jobs that allow you to balance work and study. Many businesses, especially those near college campuses, offer flexible hours for students. This could include working in retail, food service, or as a receptionist.

Freelancing: If you have skills in writing, graphic design, programming, or other areas, you can offer your services on freelancing platforms like Upwork, Fiverr, or Freelancer. This allows you to take on projects as your schedule permits.

Online Tutoring: If you excel in a particular subject, consider offering tutoring services to other students. You can do this online or even on your college campus.

Internships: Seek out internships related to your field of study. Some internships are paid, and even if they are not, the experience gained can be valuable for your future career.

Remote Work: With the rise of remote work opportunities, you may find online jobs that allow you to work from home. This could include tasks such as data entry, virtual assistance, or customer service.

Sell Items Online: If you have items you no longer need, consider selling them online through platforms like eBay, Facebook Marketplace, or local selling apps.

Participate in Research Studies: Some universities or research institutions may pay participants for taking part in research studies. Check with your college's psychology or research departments for opportunities.

Create and Sell:

If you're creative, consider creating and selling crafts, artwork, or handmade goods.
If you're tech-savvy, you can create and sell digital products like e-books or design templates.
Remember to balance your work and study commitments to ensure that your academic performance doesn't suffer. Additionally, check with your college's career services department for job opportunities, internships, or guidance on finding employment that suits your schedule and interests.

..Read more

Kanchan

Kanchan Rai  |502 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jun 12, 2024

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Relationship
i am an neet aspirant in class 11th and i want to take a single room on rent for preparation because i don't want any disturbance but my family is not allowing me to do so because i am a girl and i can't live alone in the rented room. Also they are not allowing me to join hostel too and at home i can't able to focus cuz of guests gathering and in this relation , my parents said that you have endure and live at home even my home doesn't have a separate room too for me. they said that we have a joint family and you can't say someone not to come home.I don't know what its really hard for me to prepare from home in so much distractions . I don't know what to do and i am really frustrated becz of this but they are not ready to listen becz they always thought that they are always correct . they never tried to understand me
Ans: Dear Harshita
Best of luck for your exams!

Balancing your preparation for such a demanding exam like NEET with the dynamics of living in a joint family can be incredibly tough, especially when you don’t have a quiet space to focus.

Your desire to have a dedicated and peaceful study environment is completely understandable, and it's frustrating when you feel your needs aren't being acknowledged. NEET preparation requires a lot of concentration and consistency, and it’s clear you’re trying to set yourself up for success by seeking a quiet place to study.

It seems your family’s concerns are rooted in traditional views about safety and the roles of girls, which can be a difficult barrier to navigate. They want to protect you, but their protective instincts are clashing with your need for independence and a conducive study environment. It's also challenging because their stance seems inflexible, leaving you feeling unheard and unsupported.

In situations like this, it can help to approach the conversation from a place of understanding. Try to express your needs calmly and clearly, showing that you understand their concerns but also need their support to achieve your goals. Perhaps you could propose a compromise, such as finding a nearby library or study center where you can go daily, which might address their safety concerns while providing you with the quiet space you need.

Another approach could be suggesting study times at home when the house is quieter, or discussing with family members the importance of creating a study-friendly environment for you. Sometimes, explaining how critical this phase is for your future might help them see the importance of supporting your study needs.

It's also essential to manage your frustration and stress levels. Finding small moments of peace, practicing relaxation techniques, or even reaching out to friends who are supportive can provide some emotional relief.

Remember, you’re striving for something significant, and your determination is commendable. Continue to seek ways to communicate effectively with your family and look for any potential middle ground that can help you focus on your studies while respecting their concerns.

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Radheshyam

Radheshyam Zanwar  |1153 Answers  |Ask -

MHT-CET, IIT-JEE, NEET-UG Expert - Answered on Sep 23, 2024

Asked by Anonymous - Sep 18, 2024Hindi
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Career
I am a 17 years old student of PCB i took addmission in Kota for prep of neet but messed my 1 year then i asked my parents to tranfer to hometown but they didn't now its about 6 months in 12th board i forcefully got back to my home but not from last 1 month they continuously say that you can't do it and so on. Now i also feel because my 11th messed up half 12th messed up now i started preparing but now they don't support any more and also they denied that they will not allow me to drop 1 year ??
Ans: Hello.
Those who leave their homes town and shift to either Kota or any other city for the preparation of NEE/JEE, happen with many students. Nothing new happens with you also. Unable to understand, you messed 1st year in Kota? Despite your request, your parents did not respond to you on time. It seems that there is a lot of communication between you and your parents or there might be confusion from either side. Now, either forcefully or with consent, you are shifted to your hometown. It is suggested that, by staying at home town, take the help of local teachers and focus of studies. If possible, join a test series with reputed offline/online platforms. Keep all other worries/aspects aside for the coming few months. Before appearing for the examination, there is no need to think about taking a drop.
Best of luck for your future and coming NEE examination

If you are dissatisfied with the reply, please ask again without hesitation.
If satisfied, please like and follow me.
Thanks.

Radheshyam.

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Latest Questions
Ramalingam

Ramalingam Kalirajan  |7628 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 24, 2025

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Hello, I want a monthly withdrawal of 2lakh through SWP. Give me the amounts and expect ROI for various instruments that I should use. Also what factor to consider as I would be able to invest those amount lets say after a year.
Ans: To achieve a sustainable monthly withdrawal of Rs. 2 lakh (Rs. 24 lakh annually), we need to identify the right mix of investments and expected returns. Let us create a detailed framework.

1. Factors to Consider Before Investing
Time Horizon: You plan to start investing after a year. This delay impacts your compounding benefit, but planning ahead mitigates it.

Expected Rate of Return (ROI): Different instruments offer varied returns. Diversification ensures both growth and stability.

Withdrawal Feasibility: Sustainable withdrawals depend on balancing withdrawals with corpus growth.

Inflation Impact: Investments must generate returns above inflation to preserve corpus value.

Risk Appetite: Choose instruments aligning with your comfort towards volatility.

Tax Efficiency: Optimise your withdrawals and investments for better post-tax returns.

2. Expected ROI for Investment Options
Here is the expected ROI and rationale for different asset classes:

Actively Managed Equity Mutual Funds

Allocation: 50% of the corpus
Expected ROI: 12% annually
Rationale: These funds provide high returns and help beat inflation over the long term.
Debt Mutual Funds

Allocation: 30% of the corpus
Expected ROI: 7% annually
Rationale: These offer stability with moderate returns and are suitable for regular withdrawals.
Fixed-Income Instruments (e.g., FDs, SGBs)

Allocation: 15% of the corpus
Expected ROI: 6-7.5% annually
Rationale: Secure returns with no market risk. Ideal for stability.
Liquid Mutual Funds

Allocation: 5% of the corpus
Expected ROI: 4-5% annually
Rationale: Quick access for emergencies or interim cash flow needs.
3. Corpus Required for Rs. 2 Lakh Monthly Withdrawal
Corpus Based on ROI
At 8% ROI: A corpus of Rs. 3 crore is required.
At 9% ROI: A corpus of Rs. 2.66 crore is required.
At 10% ROI: A corpus of Rs. 2.4 crore is required.
The corpus requirement reduces with higher returns but increases risk exposure.

Building the Corpus Over One Year
If the funds are idle for a year, invest them in liquid mutual funds temporarily. These yield 4-5% with low risk.
Use Systematic Transfer Plans (STPs) to gradually move funds into equity and debt over 12-18 months.
4. Investment Plan for SWP
Equity Mutual Funds (50% Allocation)
Allocate Rs. 1.5 crore to equity funds.
Delay SWP for at least three years to allow growth.
Equity funds ensure high long-term returns, reducing inflation's impact.
Debt Mutual Funds (30% Allocation)
Allocate Rs. 90 lakh to debt funds.
Start SWP immediately from this portion.
These funds provide stable returns and low volatility.
Fixed-Income Instruments (15% Allocation)
Allocate Rs. 45 lakh to secure instruments like FDs or Sovereign Gold Bonds.
Use these funds for stability and emergencies.
Liquid Mutual Funds (5% Allocation)
Allocate Rs. 15 lakh to liquid funds.
Use these funds for interim liquidity needs and to manage cash flow gaps.
5. Steps for Efficient Withdrawal
Start withdrawals from debt and liquid funds first. Let equity funds grow for 3-5 years.
Monitor returns annually to adjust the withdrawal rate or asset allocation.
Keep a buffer of 1-2 years' expenses in liquid funds for emergencies.
Review the tax efficiency of your withdrawals and rebalance your portfolio every year.
Final Insights
A well-diversified portfolio ensures stable withdrawals of Rs. 2 lakh monthly. Focus on equity for growth, debt for stability, and liquid funds for emergencies. Starting the plan early and monitoring it regularly will ensure financial independence.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

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