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33-Year-Old Snehal From Bhopal Seeks Advice on Working From Home in IT

Onkar

Onkar Singh  |20 Answers  |Ask -

Career Management, Skills Development Expert - Answered on Sep 26, 2024

Onkar Singh is the global corporate citizenship strategy and programmes manager (data and reporting -- M&E, lead) at Accenture. He has more than two decades of experience in corporate social responsibility, sustainability, data and reporting. He has expertise in the management of NGOs and corporate foundations. He mentors young professionals in the areas of career management, skills development, personal and community development and DEI (diversity, equity and inclusion) issues. Onkar holds a bachelor's degree in mathematics from St Columba’s College, Hazaribagh, and an MBA from XISS, Ranchi. He also holds a master’s degree in international affairs from Columbia University's School of International and Public Affairs, New York.... more
snehal Question by snehal on Jun 24, 2024Hindi
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Career

Namaste sir, myself snehal pandey 33 yrs old male approaching to you from Bhopal. My query is, due to certain health conditions now I am not able to travel daily to office or anywhere else for work. So I am here to ask you what if I do some certification courses online and apply job in IT sector like " data analyst or Business analyst ". Is there any possibility of having work from home, job security and enough salary so that I could handle my all expenses. Please answer me in details I really need the road map, how and where to start. Please reply sir.

Ans: Hi Snehal,
Namaste! If you are interested in the data/business analyst role, you can certainly pursue it online. There are numerous free resources available, including YouTube videos. Check out some of these resources, and if you decide to pursue it further, you can focus on learning Python, SQL, and one of the business intelligence/visualization tools like Power BI or Tableau. You can check out courses from Coursera, Udemy, edX, and DataCamp and choose the one that works best for you. While learning, also build your online portfolio using Git and GitHub, and start applying for remote data analyst positions. All the best!
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I am 46 year old woman.My current salary is 60000 per month. I have invested few amount in shares and ipo around 60000 . please suggest how to do make better plan for future.My son also in 11 th STD
Ans: Hello;

The value of your current income as after 14 years will be 1.36 L considering 6% inflation over 14 years by the time you are 60 years of age.

If you feel that your expenses may be reduced then and you would need say 70% of the income after 60 age so 70% of 1.36 L gives us a monthly income requirement of around 95 K.

To achieve this target I recommend you to start a monthly sip of 25 K into a combination of pure equity type mutual funds.

You need to top-up the sip amount by minimum 10% each year.

Also I would suggest you not to dabble in direct stocks and reinvest the 60 K sum lumpsum into above referred type of mutual funds.

The sip corpus will grow into a sum of around 1.96 Cr. The lumpsum invested will grow into a sum of around 4 L after 14 years considering a modest return of 13%.

Therefore your comprehensive corpus will be 2 Cr.

If you buy an immediate annuity from an insurance company for your corpus then considering annuity rate of 5.75% you can expect to receive monthly payout of around 95 K.

For your son's education funding you may utilise EPF corpus or seek an education loan.

Happy Investing!!

You may follow us on X at @mars_invest for updates.

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

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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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