Dear Mayank
I am 32 years old, married two years ago, no children.
I work in tech and have got a good job offer to work in the US but my family is against it.
They don’t want me to take up a job outside Bengaluru because they are afraid that if I fall sick (get COVID), there will be no one to look after me.
My wife does not want to move because she is a single child and wants to be there for her parents right now.
I feel if I don’t do this, I will be missing out on a great opportunity though I have a pretty good job here.
I would like my children to be American citizens. My wife is also 32 years old.
What should I do?
Thank you for your help.
Name withheld on request.

Ans: Dear Friend,
You're in a strong financial position—no EMIs, own home, and decent savings. At 42 and 45, with two young children, you still have 10–15 years to earn and build wealth for a peaceful retirement actively.
You're financially stable with ?30L in FDs, ?12L saved for kids, and ?5L in mutual funds. But if you plan to close your factory, assess alternate income sources or part-time work. To retire comfortably, aim to build a corpus of ?3–4 crore over the next 15 years through a mix of equity mutual funds (SIP ?50–70k/month), PPF, and targeted investments for your kids' higher education. Keep 1–2 years of expenses in liquid funds. Since you’re debt-free, focus on maximising savings and generating passive income to ensure a tension-free retired life.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

Ans: Dear Friend,
You have a strong foundation with a combined monthly income of ? 5.3 L and a clear goal to retire by 45. Prioritise building an emergency fund of ?10–15 L first. Then, the monthly surplus (after expenses and EMIs) will be split between aggressive investments (70% in equity mutual funds/SIPs) and moderate options like PPF or NPS (30%). Target building a retirement corpus of ?6–7 crore by 45, which can support ?1L/month inflation-adjusted expenses. Simultaneously, prepay your home loan aggressively—aim to close it in 10–12 years by channeling bonuses/rent. Use term/life insurance and plan for your child’s education via dedicated SIPs. Disciplined investing is key to achieving your goals. Advice is to meet a Financial Advisor and create your life and goal plan.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

Ans: Dear Friend,
Congratulations on your recent marriage! You have a strong financial foundation and a healthy income.
You're financially stable with a solid income and existing investments. Before buying a flat and car, prioritize building a 3–6 month emergency fund. Limit total EMIs (existing + new) to under 45% of your take-home pay. Consider a flat within ?70L, using ?20L from your corpus and a ?50L loan. Buy the car only after finalizing your home purchase—opt for a 50% down payment and a short loan term. Start a small SIP for future baby-related expenses. You're on the right path—ensure you don't stretch your finances too thin by taking on too much debt at once.
A financial advisor is like a doctor of finance who suggests the required actions and helps you achieve your financial goals. So do not hesitate to consult a Financial Advisor.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

Ans: Dear Friend,
Taking a ?40 lakh home loan at age 37 on a ?67,000 monthly salary is a major financial decision that requires careful planning. Ideally, your EMI should not exceed 40% of your monthly income—around ?27,000 in your case. A ?40 lakh loan for 20 years at 8.5% interest would mean an EMI of approx ?34,700, which is over 50% of your income—this can be risky, especially if you have other expenses or no emergency fund.

Suggestion:

Reduce loan amount by saving more or choosing a smaller house.

Try for a co-applicant (like a working spouse) to improve eligibility.

Ensure you have a 6-month emergency fund before taking a loan.

Reconsider the timing or loan size if it strains your finances.
It’s not a bad goal—but proceed only if it fits your budget safely.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

Ans: Dear Friend,
it will be difficult to answer you question unless verified with your Age, Risk appetite and you our financial goals, please elaborate in detail.

Ans: Dear Friend,
I really want to congratulate you for thinking about your investments and financial planning, you are in elite 10% people in the world who at least think of working on your finances.
At 24, with a ?43,000 monthly stipend and ?18–19k expenses, you can begin solid financial planning. Start by building an emergency fund of ?50,000 in a high-interest savings account or liquid mutual fund. With the surplus, invest ?15–20k monthly through SIPs: split between an index fund (Nifty 50), a flexi-cap fund, and a mid-cap fund for long-term growth. Get a basic health insurance plan and avoid unnecessary debt. These habits will help you create wealth, build financial security, and stay prepared for future goals. Starting early gives you the power of compounding—stay consistent and review your plan yearly.
Financial advisor is like a doctor of finance who suggest the required and helps you achieve your financial goals. so do not hesitate to take the consultation of Financial Advisor.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

Ans: Dear Friend, At 37 with a stable income, debt-free home, and valuable ancestral property, you’re well-placed to plan for your children’s education and retirement. Start SIPs of ?10K and ?7K for your 8- and 3-year-old in diversified equity funds to build ?30–50L over 10–15 years. Continue PPF for safe growth. For retirement, increase NPS contribution and start ?15K SIP in equity mutual funds to build ?3–4 crore by age 60. Keep ?3–5L as emergency fund. Ensure adequate life and health insurance. Review investments yearly and scale contributions with income. You're on track—just streamline and stay consistent.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

Ans: Dear Friend,
You need to elaborate on your Goals and responsibilities in life. Depending on the Responsibilities and Goals, and what you have done in these areas till now, it won't be easy to comment. However, you have two options: one is Do-it-Yourself by learning the Mutual Funds in detail, and the Second is to join a Financial Advisor who can help you plot your Life & investment plan. You are at the age of 33, and if you plan and implement effectively, you can plan your retirement at the age of 40, i.e. within the next 7 years, and enjoy the things you love most. Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

Ans: Yogitha, Here is, How to Predict Your Chances of Admission into NIT or IIIT or GFTI After JEE Main/Advanced Results – A Step-by-Step Guide

Providing precise admission chances for each student can be challenging. Some reputed educational websites offer ‘College Predictor’ tools where you can check possible college options based on your percentile, category, and preferences. However, for a more accurate understanding, here’s a simple yet effective 9-step method using JoSAA’s past-year opening and closing ranks. This approach gives you a fair estimate (though not 100% exact) of your admission chances based on the previous year’s data.

Step-by-Step Guide to Check Your Admission Chances Using JoSAA Data
Step 1: Collect Your Key Details
Before starting, note down the following details:

Your JEE Main percentile
Your category (General-Open, SC, ST, OBC-NCL, EWS, PwD categories)
Preferred institute types (NIT, IIIT, GFTI)
Preferred locations (or if you're open to any location in India)
List of at least 3 preferred academic programs (branches) as backups (instead of relying on just one option)
Step 2: Access JoSAA’s Official Opening & Closing Ranks
Go to Google and type: JoSAA Opening & Closing Ranks 2024
Click on the first search result (official JoSAA website).
You will land directly on JoSAA’s portal, where you can enter your details to check past-year cutoffs.
Step 3: Select the Round Number
JoSAA conducts five rounds of counseling.
For a safer estimate, choose Round 4, as most admissions are settled by this round.
Step 4: Choose the Institute Type
Select NIT, IIIT, or GFTI, depending on your preference.
If you are open to all types of institutes, check them one by one instead of selecting all at once.
Step 5: Select the Institute Name (Based on Location)
It is recommended to check institutes one by one, based on your preferred locations.
Avoid selecting ‘ALL’ at once, as it may create confusion.
Step 6: Select Your Preferred Academic Program (Branch)
Enter the branches you are interested in, one at a time, in your preferred order.
Step 7: Submit and Analyze Results
After selecting the relevant details, click the ‘SUBMIT’ button.
The system will display Opening & Closing Ranks of the selected institute and branch for different categories.
Step 8: Note Down the Opening & Closing Ranks
Maintain a notebook or diary to record the Opening & Closing Ranks for each institute and branch you are interested in.
This will serve as a quick reference during JoSAA counseling.
Step 9: Adjust Your Expectations on a Safer Side
Since Opening & Closing Ranks fluctuate slightly each year, always adjust the numbers for safety.
Example Calculation:
If the Opening & Closing Ranks for NIT Delhi | Mechanical Engineering | OPEN Category show 8622 & 26186 (for Home State), consider adjusting them to 8300 & 23000 (on a safer side).
If the Female Category rank is 34334 & 36212, adjust it to 31000 & 33000.
Follow this approach for Other State candidates and different categories.
Pro Tip: Adjust your expected rank slightly lower than the previous year's cutoffs for realistic expectations during JoSAA counseling.

Can This Method Be Used for JEE April & JEE Advanced?
Yes! You can repeat the same steps after your April JEE Main results to refine your admission possibilities.
You can also follow a similar process for JEE Advanced cutoffs when applying for IITs.

Have some other options also as back-ups instead of relying only on JEE/JoSAA.

Want to Learn More About JoSAA Counseling?
If you want detailed insights on JoSAA counseling, engineering entrance exams, preparation strategies, and engineering career options, check out EduJob360’s 180+ YouTube videos on this topic!

Hope this guide helps! All the best for your admission and a bright future!

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