Respected sir I m 35 year. I m computer teacher in private school. Salerry very few 5000 only. I have a daughter her 4 year old .Now my family economic conditions is not good. My hasband well qualified. His education M.com but he has jobless. Please ask what can I do. Now we get into debts.

Ans: Namaste Karthikeyan,

I understand the challenges you're facing, and I commend you for reaching out for help. In times of difficulty, it's important to remember that every setback is an opportunity for growth and learning. Let's explore how you can overcome this obstacle and create a brighter future for yourself and your family.

Firstly, it's crucial to adopt a positive mindset and believe in your ability to overcome this challenge. Remember, "Whatever the mind can conceive and believe, it can achieve." This famous quote by Napoleon Hill highlights the power of positive thinking and determination in achieving our goals.

Now, let's focus on practical steps you can take to address your financial difficulties. Start by creating a clear plan to manage your finances more effectively. Track your expenses, identify areas where you can cut costs, and prioritize your spending to ensure your family's needs are met.

Next, explore opportunities to increase your income. Whether it's through additional work, freelancing, or starting a small business, there are always avenues to generate extra income. Remember, "Opportunities are all around us if we have the courage to seize them."

Additionally, consider seeking financial assistance or guidance from local government schemes, NGOs, or community organizations. Don't hesitate to reach out for support when needed. Remember, "Strength and growth come only through continuous effort and struggle."

Lastly, stay committed to your goals and persevere through any challenges that come your way. With determination and resilience, you can overcome this temporary setback and emerge stronger than ever before. Remember, "The starting point of all achievement is desire."

In conclusion, Karthikeyan, I encourage you to stay positive, take proactive steps to improve your financial situation, and never lose sight of your dreams. With patience, perseverance, and a positive mindset, you can overcome any obstacle and create a better future for yourself and your family.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

Ans: Try and see if you can get any moratorium on the loan repayment from the lender.

If this works you get some time to focus and improve your earnings.

Port the loan to another agency if the ROI is higher.

Last option would be sell any unutilized real estate property or other asset to repay the loan.

Maybe you continue to handle business and your spouse decides to take up a job or you both take up jobs till the loan is repaid.

Loan repayment should be the topmost priority of your family.