Home > Career > Question
Need Expert Advice?Our Gurus Can Help
Krishna

Krishna Kumar  | Answer  |Ask -

Workplace Expert - Answered on Feb 07, 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
sindhu Question by sindhu on Jan 08, 2024Hindi
Listen
Career

hi sir I'm restarting my career after 8 years of career gap due to marriage and now I'm divorced and I'm 33 years old but sad part is i don't have a regular degree and it's listed under black list universities kindly suggest me a good path to earn well n settle myself

Ans: Dear Ms Sindhu

I can understand your thoughts situation.

If you could share more about your strengths and the industry you belong to that would help.

None the less I would suggest take up some certification courses depending upon your strengths it could be in sales, project management, IT, Digital Marketing and start fresh.

All the best
Career

You may like to see similar questions and answers below

Archana

Archana Deshpande  |103 Answers  |Ask -

Image Coach, Soft Skills Trainer - Answered on Dec 07, 2024

Asked by Anonymous - Nov 22, 2024Hindi
Listen
Career
Hi am 27Y M. I didn't complete my graduation due my negligence i started working in bpo companies for 2 years and i have other experience for 1 year in field work. This year (2024) January i lost my job so i have joined in new startup company which was completely fraud company where i have lost 3 months of my time post that i have attended 60+ companies for interviews i have passed in many interviews but they have rejected me as i don't have degree. So i started doing daily payment jobs am earning good bucks but am not happy with what am doing. Recently i had health issue and trying to recover from that this complete year i have not gained or earned anything. Can any1 please suggest where i can start fresh
Ans: Hey!!

You are just 27 yrs old, there is a full life ahead of you!! Trust me when I say that every experience is a learning experience. Look back at life, reflect and see what you learnt from each experience, how you responded to each experience, and how you have changed for better. This the only way to go about being positive and happy. This is the key to live a fulfilling life
Focus on your health, however cliche it may sound ,"health is wealth". Recover, rejuvenate, become sound in body and mind. Do all that takes to regain your mojo.
Take one step at a time towards becoming better in all the areas of your life.
Go back to the classroom , learn and get that degree. There is something about getting a degree, it shows your focus, resilience and the ability to get things done come what may, this will again help you in moving forward in life!!

Practice gratitude, meditate, exercise, stay healthy, stay happy and stay positive.
Things will soon fall in place when you start taking care of yourself... your life, your pace and it's your journey... do not compare yourself with anyone. Life is your race to be won, by becoming better version of yourself and giving your 100%. Get up and get going with wisdom and clarity of thought.

All the very best!! More power to you!!

..Read more

Latest Questions
Janak

Janak Patel  |21 Answers  |Ask -

MF, PF Expert - Answered on Mar 13, 2025

Asked by Anonymous - Mar 10, 2025Hindi
Listen
Money
Hi, I am 46 years old residing in a B Town in India. I have 2 daughters one 16 years old and second 7 years old. I have Savings of 25 Lakh in my account as emergency find. I have FD of 65 Lakhs. PF, PPF and NPS of 25 Lakhs, Mutual Fund and Shares of 25 Lakhs, Lic policies worth 25 Lakhs, Gold around 1.2 Crores. I have a medical insurance of 20 Lakhs for me and my family, Term insurance of 1Cr. As properties. I own 2 independent houses, 2 flats and 2 plots in Bangalore which has a current value of about 4.5 Cr. In my home town i have 2 Houses, 1 apartment and plots which has a current value of 2.75 Cr. Currently i am drawing a monthly salary of 2 Lakh rupees and get a rent of 30K/ month. I donot have any emi's and my monthly expenses is currently 75K. I am planning to retire at the age of 50. Is my financial condition stable to retire at the age of 50? Thanks for your suggestion in advance.
Ans: Hi,

Lets understand the value of your current Investments at the time of retirement. Below is the list with its current value and (expected rate of return).
Emergency Fund - 25 lakhs (3.5%)
Fixed Deposits - 65 lakhs (7%)
PF/PPF/NPS - 25 lakhs (8%)
MF/Stocks - 25 lakhs (10%)
LIC Policies - 25 lakhs (no change)
Your current investments listed above will achieve a value of 3.5 crore at the time of retirement 4 years from now.

Apart from this you have mentioned properties worth 7.25 Cr. Assuming you will only use/liquidate them if required, so excluding them from consideration for now.

You total income is 2.30 lakhs per month (includes rent) and expenses are 75k per month. So there is potential to add to the above investments for the next 4 years.

I will assume your current expenses are sufficient for the lifestyle you want to continue post retirement.
You will require a corpus on retirement after 4 years to sustain your expenses adjusted with inflation of 6% which will be close to 1 lakh per month (at the time of retirement).
With this starting point, and adjusting for inflation of 6% each year, and life expectancy of 30 years post retirement you need a corpus of approx. 2.5 crore - again assumed this will earn a return of 8% for the 30 years.
If you can invest wisely and generate a slightly higher return of say 10%, the corpus requirement will be 2 crore.

Your current investments at the time of retirement with value of 3.5 crore is sufficient to cover your expenses for the next 30 years inflation adjusted at 6%.
And this is excluding the properties you own and additional investments you can make for the next 4 years.

Summary - You are more than stable as far as your financial state is concerned. You have a strong base to meet your retirement needs and also a potential to create wealth for the generations ahead.

I want to highlight/recommend few points -
1. Increase the medical Insurance for yourself and family to 1Crore as medical expenses will only increase in future.
2. Stop the Term Life Insurance and save the premium for investment. As you have no liabilities and net-worth is high enough to cover any outcomes in life ahead, this premium is a lost cause considering your strong financial state.
3. Revisit the LIC Policies you have and consider surrendering/stopping them if they are not nearing their maturity. They are not giving you enough cover and providing below par returns. So do discuss with a trusted licensed advisor and evaluate them. If they will mature in the next 4 years, ignore this point.
4. Post retirement period is a long duration of 30 years, so do consider getting a good advisor - a Certified Financial Planner who can guide you to plan your retirement well and help you design a portfolio for additional wealth creation as a legacy for your children/dependents.


Thanks & Regards
Janak Patel
Certified Financial Planner.

...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.

Close  

You haven't logged in yet. To ask a question, Please Log in below
Login

A verification OTP will be sent to this
Mobile Number / Email

Enter OTP
A 6 digit code has been sent to

Resend OTP in120seconds

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus
Sign up

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

Enter OTP
A 6 digit code has been sent to Mobile

Resend OTP in120seconds

x