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Harsh

Harsh Bharwani  |62 Answers  |Ask -

Entrepreneurship Expert - Answered on Apr 10, 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
Rohit Question by Rohit on Apr 10, 2023Hindi
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Career

I'm 22 undergraduate a cricketer and not finding anything to do in my career I've searched internet like everything but still I'm confused and do not have any financial help totally on road plzz guide me

Ans: I understand that you are feeling lost and uncertain about your career path at the moment. It can be challenging to find direction when you are unsure of what you want to do.
Firstly, it's essential to identify your skills, interests, and passions. As a cricketer, you may have developed skills such as teamwork, leadership, discipline, and perseverance. These skills are valuable in various fields, so it's worth exploring your options beyond cricket.
One possible avenue to consider is sports management or sports marketing, where you can apply your knowledge and passion for cricket to a business context. There are numerous opportunities in this field, such as event management, sponsorship, advertising, and media relations. You could start by interning at a sports marketing agency or reaching out to local sports teams to see if they have any opportunities.
Another option is to explore the world of digital marketing. With your familiarity with social media and online communication channels, you could consider learning skills such as search engine optimization, social media marketing, and content creation. Many companies, including those in the sports industry, are looking for individuals with strong digital marketing skills to help them reach and engage with their target audience.
Finally, you may want to consider continuing your education by pursuing a degree or certification in a field that interests you. This will not only give you the necessary knowledge and skills but also provide you with a network of professionals who can help guide you in your career.
Remember, it's okay to feel lost and unsure of your career path at this stage in your life. Take the time to explore your options and be open to new opportunities. With hard work and dedication, you can find a fulfilling career that aligns with your passions and interests.
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I have just completed my 12 th and now l don't understand where to proceed which career is best for me. Without going out in lndia.. Thoght of doing graduation and do competition but who knows will l be successful or not.. My financial conditions is not good
Ans: Thank you for reaching out. Managing your career choices can be quite daunting, especially when considering factors like financial constraints and uncertainties about the future. Given your financial constraints, consider the cost of education and living expenses associated with your chosen career path. Explore scholarship opportunities, financial aid programs, or part-time work options to help offset the costs of education and living expenses. If pursuing a traditional college education isn't feasible due to financial constraints, consider vocational training or skill-based programs that offer practical, hands-on training in specific trades or industries. Vocational training programs can provide valuable skills and certifications for in-demand jobs without the need for a traditional degree. Keep in mind that career paths are rarely linear, and it's okay to explore different options and make adjustments along the way. Stay open-minded to new opportunities, be willing to adapt to changing circumstances, and remain resilient in the face of challenges. Remember that finding the right career path takes time, exploration, and self-discovery. Be patient with yourself, stay focused on your goals, and trust that, with determination and perseverance, you'll find a path that's fulfilling and rewarding for you.

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Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Asked by Anonymous - Nov 14, 2024Hindi
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Money
Hello finance guru, I am 45 years old , with 2 kids. I live in a Tier-1 city with ~49 Crores of networth. This includes ~12 crores of investment in real estate (land and a flat at a prime location), ~34 crores in equity, ~1 Cr in Crypto and ~2 Cr in cash. I work in a pharmaceutical firm in an executive role and planning to retire in the next 1 year. My knowledge on finances is average and would like to seek your advise. I would like to generate ~2.5 lakhs per month for expenses from my savings and would like to double my networth in the next 7 years. Could you provide me help on the directions I can take to make this working?
Ans: Hello;

Deducting the real estate and crypto investments from your networth, we have 36 Cr.

You may invest 4 Cr each in 2 equity savings type mutual funds and 2 conservative hybrid debt oriented mutual funds.

If you do a 3% SWP from each of these funds you may expect a monthly payout of around 2.8 L (post-tax).

These funds generally yield 8-9% returns so they will continue to provide inflation adjusted income to you.(6% inflation rate considered)

Balance remains around 20 Cr, while 2 Cr may be retained as liquid fund for contingency requirement, the balance 18 Cr you may invest in combination of mutual funds, PMSs and AIFs.

As you enter retirement phase your focus should shift from "maximising returns" to "decent returns with moderate risk" since return of capital is more important than return on capital.

Happy Investing;
X: @mars_invest

*Investments in mutual funds are subject to market risks. Please read all scheme related documents carefully before investing.

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Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

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Dear Sir, I am 53 yrs. I want to retire @60 with a INR 2.00 Cr Corps. Currently I have following SIP Total SIP 30000/- PM Axis Bluechip Fund - Regular Plan - Growth HDFC Mid-Cap Opportunities Fund - Growth Plan Aditya Birla Sun Life Pure Value Fund - Growth Option Aditya Birla Sun Life Equity Advantage Fund - Regular Growth Sundaram Mid Cap Fund Regular Plan - Growth Bajaj Finserv Flexi Cap Fund -Regular Plan-Growth Franklin India Focused Equity Fund - Growth Plan Franklin India Smaller Companies Fund-Growth HDFC Top 100 Fund - Growth Option HDFC Multi Cap Fund - Growth Option I have MF Investment @ 26.00 Lakh Current Value is @ 52.00 Lakh. I have Savings of Rs. 10.00 Lakh, PPF Rs. 5.00 Lakh, Share investment Current Market Value around Rs. 20.00 Lakhs. I don't have any Loan. Insurance INR 1.50 Cr. up age of 70. Per month earning around Rs. 1.25 Lakh. I have a Investment in real estate which can give my INR 40.00 Lakh at current Market Price & Gold Investment of INR 20.00 Lakh which I think sufficient for my daughter Marriage. Current Monthly Expense INR 40-50 K. I am in a new tax regime, so discontinue my ELSS saving and PPF Saving. Suggest how i can increase my Corpus for retirement.
Ans: Hello;

You may top-up your monthly sip by 10% every year for 7 years. This will grow into a sum of around 0.51 Cr.

The MF corpus and direct equity holdings worth 0.72 Cr today will grow into a corpus of 1.59 Cr after 7 years.

Therefore you may achieve your intended corpus of 1.59+ 0.51=2.1 Cr, 7 years from now. A modest return of 12% is assumed from MF and direct equity holdings.

2-3 years before 60 you should start moving your gains from equity funds to liquid or ultra short duration debt funds to protect it against market volatility.

Also good health care insurance for yourself and your spouse.

RE property you may sell at a later date to boost your retirement income.

Happy Investing;
X: @mars_invest

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Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

Milind

Milind Vadjikar  |650 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

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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