Hi Sir, My son took the admission in B.Tech (Electrical), but he was not interested in this branch, and dropped it. Now he attempt another chance this year, and got 85% percentile. He is interested in CS. Can you suggest? he took the right decision or not...

Ans: First of all a BIG CONGRATULATIONS for your new job. Just go for an online MBA in finance. Off line is not possible with job and your organization won't give you study leave with full pay. Just follow me. Best of luck. MAY GOD BLESS YOU. Professor...........................:)

Ans: First think get rid of Phobia. You need to strengthen your base. I recommend you the Engineering Mathematics book of B.S.Grewal. It will help you. You need a book where there are many problems along with solutions. For your case conventional text books written by Foreign authors won't serve the purpose. You need an MADE EASY type of book. Book written by B.S.Grewal is very good. Just go for it. After one year you will remember this golden advice of mine. Just follow me. Best of luck. MAY GOD BLESS YOU. Professor...........................:)

Ans: Bigger the better. Go for B.Tech biotechnology w/s in genetic engineering. Salary will automatically come provided you know your subject. First learn properly. Just follow me. Best of luck. MAY GOD BLESS YOU. Professor...........................:)

Ans: Yes, Why not. Just go for a certification course in AI and Machine Learning from a reputed institute which is having collaboration with an established IIT like Bombay/Roorkee. It will help you a lot. If you don't have knowledge about coding then before joining the course practise coding by viewing the good YOU TUBE videos. Just follow me. Best of luck. MAY GOD BLESS YOU. Professor...........................:)

Ans: Just go for an online MBA in Finance or FINTECH. It will help you like anything. Never belittle online MBA. Higher degree always pay provided you know the subject. Best of luck. MAY GOD BLESS YOU. Professor...........................:)

Ans: Too some extent it will take away. Best of luck. MAY GOD BLESS YOU. Professor........................................:)

Ans: His CGPA is slightly low. For a job the CGPA should be around 7.5-8.0. But now CGPA can't be changed. Let him go for a good certification course in AI and Machine learning. These two are the need of the day. He is B. Tech in IT. He must be knowing coding well. But if he is not comfortable then before going for the certificate course let him practise CODING by viewing YOU TUBE videos for two months. This six-seven months certificate course will help him in good placement. Best of luck to your son. Just follow me. MAY GOD BLESS HIM. Regards. Professor........................:)

Ans: You have a solid financial base, including rental income, PF, and savings. Losing your job is a difficult phase, but it also offers an opportunity to reassess your goals. Your priorities—managing expenses, repaying loans, and planning for your children’s future—are achievable with a systematic approach.

Let’s analyse your situation from all angles and create a comprehensive financial plan.

Detailed Analysis of Your Assets and Liabilities
1. Loan Liabilities

Your outstanding loan of Rs 13 lakh is a major priority.
Paying EMIs consistently while maintaining liquidity will help ease this burden.
2. Rental Income

Rs 20,000 per month is a valuable, steady income source.
This income can support loan repayment or household expenses.
3. Provident Fund (PF)

Rs 10 lakh in PF is a significant safety net for your retirement.
Avoid using PF for immediate needs unless absolutely necessary.
4. Savings

Rs 5 lakh in savings can be utilised strategically.
Reserve a part for emergencies, and use the rest for growth-oriented investments.
Strategies to Improve Income
A. Leverage Professional Experience

Your 18 years in IT and 5 years in MFG offer opportunities to monetise your skills.
Seek freelance consulting or project-based roles in IT, supply chain, or manufacturing.
Register on platforms that connect experienced professionals to global employers.
B. Upskill for High-Demand Roles

Enrol in short-term certifications in areas like cloud computing, AI, or supply chain analytics.
Consider online platforms offering affordable courses to boost employability.
C. Explore Passive Income Streams

Convert savings into investments that generate steady returns.
Look for low-risk instruments that complement your rental income.
Loan Management
A. Prioritising Debt Repayment

Allocate rental income of Rs 20,000 monthly towards loan EMIs.
Ensure timely payments to avoid penalties and maintain your credit score.
B. Negotiating Loan Terms

Approach your lender to explore refinancing options for better interest rates.
If possible, restructure the loan to lower monthly EMIs.
C. Avoid Aggressive Prepayment

Prepay only when you have surplus funds beyond emergency reserves.
Maintaining liquidity is crucial to address unexpected expenses.
Building a Secure Financial Base
A. Emergency Fund Creation

Set aside Rs 3 lakh from your savings as an emergency fund.
Keep this fund in a liquid or ultra-safe investment to access it quickly.
B. Children’s Education Planning

Your children, aged 12 and 3, will require significant educational funds.
Start systematic investments now to meet these future needs.
C. Protecting Your Family’s Future

Ensure adequate life and health insurance coverage to protect against uncertainties.
Reassess existing policies to confirm they align with your financial goals.
Expense Management
A. Streamlining Monthly Expenses

Identify and reduce non-essential spending.
Use expense-tracking apps to monitor and control your budget.
B. Prioritising Education Costs

Focus on allocating a portion of income towards your elder child’s school fees.
Plan for higher education expenses well in advance by estimating future costs.
C. Accounting for Inflation

Factor in annual inflation, especially for education and healthcare.
Adjust your savings and investments to account for these rising costs.
Enhancing Investment Strategy
A. Systematic Investment Planning (SIP)

Start SIPs in mutual funds with a balanced mix of equity and debt exposure.
Use regular funds through a Certified Financial Planner (CFP) for expert guidance.
B. Advantages of Regular Funds Over Direct Funds

Direct funds lack the professional advice and market insights provided by CFPs.
Regular funds allow you to focus on long-term goals with less personal effort.
C. Avoid Index Funds for Better Returns

Index funds only replicate market performance without active risk management.
Actively managed funds adapt to market changes, potentially delivering higher returns.
Tax Planning for Maximum Efficiency
A. Utilising Tax Deductions

Maximise deductions under Section 80C by investing in tax-saving instruments.
Consider ELSS funds, which combine tax benefits with wealth creation.
B. Planning Withdrawals for Lower Tax Impact

Withdraw investments strategically to minimise taxable income.
Understand the latest mutual fund tax rules to optimise gains.
C. Investing for Tax Efficiency

Allocate savings in instruments offering tax-free or tax-deferred returns.
Use systematic transfer plans (STPs) to transition funds between debt and equity.
Focusing on Children’s Education
A. Long-Term Education Planning

Begin investing specifically for your children’s higher education.
Use diversified instruments to build a substantial corpus over the years.
B. Setting Milestone-Based Goals

Break down education costs into milestones (e.g., school, college, post-graduation).
Align investment timelines to meet these milestones effectively.
C. Combining Growth and Stability

Choose a balanced investment strategy to ensure growth without excessive risk.
Review your portfolio yearly to align with evolving financial goals.
Planning for Retirement
A. Preserving Your PF for Retirement

Keep PF untouched as your retirement base.
Complement it with long-term investments in growth-oriented funds.
B. Building a Secondary Corpus

Invest systematically in debt and equity funds to create an additional retirement corpus.
Maintain a diversified portfolio to reduce overall risk.
C. Ensuring Financial Independence

Target investments that generate a steady income during retirement.
Reinvest returns to grow your corpus until retirement.
Continuous Monitoring and Professional Guidance
A. Collaborate with a Certified Financial Planner

Work with a CFP to create a tailored financial plan.
Review your progress regularly and adjust as needed.
B. Monitoring Investments

Track the performance of all investments every six months.
Rebalance your portfolio to adapt to changing market conditions.
C. Staying Updated

Stay informed about new financial products and investment opportunities.
Use financial literacy to make better decisions for your family’s future.
Final Insights
You have a strong foundation with your rental income, PF, and savings. By focusing on income enhancement, debt management, and systematic investing, you can secure your family’s future. Plan strategically for your children’s education and retirement, ensuring financial stability. Stay disciplined, adaptable, and focused on long-term goals.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

Ans: Why not Sir? It is absolutely safe. For further progress in career I would recommend him to do an MBA in the related area. Certainly off line MBA is not possible, because his office won't give him paid study leave. So let him go for an online MBA from any of the good university. Many people think online MBA doesn't have value. But it is totally wrong. Higher degree always pays in long run. It will be an add on in his Bio Data. Best of luck to your son. MAY GOD BLESS HIM. Professor...........................:)