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

Virender Kapoor  | Answer  |Ask -

Self-improvement Expert - Answered on Feb 24, 2023

Virender Kapoor is the former director of Pune's Symbiosis Institute of Management and the founder of the Management Institute for Leadership and Excellence in Pune.He has authored more than 36 books on self-improvement designed for school students, senior managers and CEOs.... more
Asked by Anonymous - Jan 22, 2023Hindi
Listen
Career

Which has more weight age in career, experience or upskilling?

Ans: Both
Career

You may like to see similar questions and answers below

Abhishek

Abhishek Shah  | Answer  |Ask -

HR Expert - Answered on Jun 19, 2023

Listen
Career
Dear Sir/Ma'am, I am working as a Sr. Customer Service Executive and have about 15 years of work experience in the Customer Service domain for the most part. However, my career has been stagnant for the past 3-4 years and have been contemplating upskilling. One upskilling area I have looked at is learning Power BI or Tableau which would enhance my data analysis skills. Another area I feel attracted to is Content Writing as I am very much interested in Business Communications and have a flair for writing. However, I am not too sure which one can better align with my career and help it grow. Additionally, I am also the ISO Coordinator and handle the QMS/IMS Certifications of the Organization. Kindly guide.
Ans: Hi Abhijeet,

Let's consider each option in relation to your background and career aspirations. Upskilling in data analysis with Power BI or Tableau can be a valuable asset in today's data-driven business environment. These tools are widely used for visualizing and analyzing data, and having proficiency in them can open up opportunities in roles such as data analyst, business intelligence analyst, or data visualization specialist. Given your experience in customer service, leveraging data analysis skills can help you uncover valuable insights to improve customer experience, identify trends, and make data-driven decisions.

On the other hand, if you have a keen interest in business communications and possess a flair for writing, content writing can be a rewarding path to explore. With your experience in customer service, you likely have strong communication skills that can be leveraged in this field. Content writing offers a range of opportunities, including creating marketing content, writing blog articles, crafting engaging website copy, or even pursuing freelance writing projects. Developing your writing skills further could complement your existing expertise and provide a platform to showcase your knowledge and insights in the business domain.

Considering your additional role as the ISO Coordinator and handling QMS/IMS Certifications, it's important to assess which upskilling option aligns best with your current responsibilities and organizational needs. Data analysis skills can support your ISO coordination role by helping you analyze quality-related data, identify areas for improvement, and drive data-backed decision-making. Content writing, on the other hand, can enhance your ability to communicate effectively in written formats, which is crucial for developing documentation, standard operating procedures, and other ISO-related materials.

To make an informed decision, I would recommend the following steps:

Reflect on your personal interests and passions. Consider which field excites you the most and aligns with your long-term goals.

Research the job market and growth prospects for both data analysis and content writing in your industry. Look for job descriptions, required skills, and salary ranges to gauge the demand and potential opportunities.

Explore online resources, tutorials, and free courses to gain a basic understanding of Power BI/Tableau and content writing. This can help you assess your aptitude and interest in each area.

Consider seeking guidance from professionals already working in the fields you are interested in. Networking through professional platforms or attending industry events can provide valuable insights and help you make an informed decision.

Ultimately, the choice between data analysis and content writing depends on your personal interests, career aspirations, and the market demand in your industry. Both options have the potential to enhance your skill set and contribute to your professional growth. It's important to choose the path that resonates with you the most and aligns well with your long-term goals.

Best of luck with your decision-making process, and I hope you find a rewarding path for your career advancement.

Regards,
Abhishek Shah

..Read more

R P

R P Yadav  | Answer  |Ask -

HR, Workspace Expert - Answered on Jan 30, 2024

Asked by Anonymous - Oct 22, 2023Hindi
Listen
Career
I am 49-year-old and in mid-level manegement for a US Based financial organisation in IT Engineering and Operations. I am worried that I may lose my job and it is impacting my performance. To be ready for the market (In case in lose my current job), please suggest which areas I should upskill myself.
Ans: I understand that you are concerned about your job security and want to upskill yourself to be prepared for the market. Upskilling is a great way to stay competitive in the job market and increase your chances of finding a new job. Here are some areas that you can consider upskilling yourself in:

Cloud Computing: Cloud computing is the delivery of computing services over the internet. It involves the use of remote servers to store, manage, and process data. As an IT professional, upskilling in cloud computing can help you stay relevant in the industry. The average salary for a cloud computing professional in India is around ?1,200,000 per annum.

Data Science: Data science is the process of extracting insights from data. It involves the use of statistical and computational methods to analyze large and complex data sets. Upskilling in data science can help you become a valuable asset to any organization. The average salary for a data scientist in India is around ?1,000,000 per annum.

Cybersecurity: Cybersecurity is the practice of protecting computer systems and networks from digital attacks. As an IT professional, upskilling in cybersecurity can help you secure your organization’s data and prevent cyber attacks. The average salary for a cybersecurity professional in India is around ?1,500,000 per annum.

Artificial Intelligence: Artificial intelligence (AI) is the simulation of human intelligence in machines. It involves the use of algorithms and statistical models to perform tasks that would normally require human intelligence. Upskilling in AI can help you stay ahead of the curve in the IT industry. The average salary for an AI professional in India is around ?1,500,000 per annum.

DevOps: DevOps is a set of practices that combines software development (Dev) and IT operations (Ops). It involves the use of automation and collaboration to improve the speed and quality of software delivery. Upskilling in DevOps can help you become a valuable asset to any organization. The average salary for a DevOps professional in India is around ?1,200,000 per annum.

I hope this helps you in making an informed decision. Remember, upskilling is a continuous process, and it’s important to keep learning and growing in your career. Good luck! Let me know if you have any other questions.

..Read more

Latest Questions
Nitin

Nitin Narkhede  |56 Answers  |Ask -

MF, PF Expert - Answered on Jan 21, 2025

Asked by Anonymous - Dec 01, 2024Hindi
Listen
Money
We two brothers have inherited a property on 200 sq yard by registered will of our father in 2020. The property was purchased by our father in 1970 and redeveloped in 1990 into three story building. Ground floor is with my brother and first floor. Third floor without roof rights was sold by our father at the time of redevelopment . Me and my brother have terrace rights as per registered will of our father ( each has 50% roof/ terrace rights). My brother is US citizen and want to sell his share for four crores. The expected rental income from the ground floor will be Rupees 60 thousand per month. The circle rate of the property is Rupees 7 lakh per yard. My interest in the ground floor of the property is mainly to live peacefully without any interference by unknown new buyer. I am 65 and my question is from financial point should I purchase from my brother by paying Rs. 4 crore or keep the amount in bank as fixed deposit/ RBI bonds at around 8 percent per year. Second question is if he sell it to other buyer how he will sell terrace as the terrace is undivided and we both have inherited it by registered will. Thirdly there are many builders who want to redevelop the property into four floor with basement and stilt parking. What will be the right option . I have only son .
Ans: Dear Friend,
If you’re considering whether to purchase your brother’s share of the inherited property for ?4 crore, weigh peace of mind against financial returns. Buying his share gives you full control, eliminates potential disputes with a third-party buyer, and ensures no interference in your peaceful living. However, the rental yield of ?60,000/month (~1.8% annual return) is significantly lower than the ~8% return you could get by investing ?4 crore in fixed deposits or bonds, which would generate ~?2.67 lakh/month.

Regarding the terrace, your brother cannot sell his 50% share independently since it is undivided and jointly inherited. Any sale requires your consent, limiting his ability to transfer full terrace rights to a new buyer.

Redevelopment of the property is an excellent option, offering increased value and rental income. Builders are likely to provide additional floors or cash components in exchange for development rights, enhancing long-term financial benefits and ensuring modern amenities.

If your priorities are peace of mind and control over the property, purchase your brother’s share. Otherwise, invest in safer financial instruments and consider redevelopment to maximise the property’s potential. Consult a lawyer and financial advisor to ensure the best decision. Your Financial adviser can deeply evaluate all your assets and liabilities and provide a solution which will give you more leverage.
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

...Read more

Nitin

Nitin Narkhede  |56 Answers  |Ask -

MF, PF Expert - Answered on Jan 21, 2025

Listen
Money
Myself and my sister as joint owner of a property enteredvinto joint development agreementvwith a builder for construction of 8 flats in 4800 sq. Ft land. 2400 sq. Ft was retained for us with 4 flats constructed by builder to be given free of cost and 2400 sq. Ft UDS sold to builder thro PGPA for him to sell 4 flats. After selling 3 flats with 1800 sq. ft UDS by builder, we cancelled GPA and registered with SRO for retaing 600 Sq. ft UDS for our use with the consent agreeing to pay compensation for this cancel of GPA. Now I want clarification as to the ownership of the above said cancelled UDS of 600 Sq. ft as Joint owner or myself as per Joint developement agreement with a rider that myself will take possessionof 600 UDS by cancelling GPA later with builder and paying compensation st the mutually ahreed price. Builder says that myself is the owner for the cancelled 600 Sq. ft retained. I want to know whether I hv to register settlement deed for partingvwith 600 Sq. ft UDS by my sister or the statement of builder as myself will be the owner for 600 UDS regisyeted by cancelling GPA signed by the builder and both of us. Pl. Clarify.
Ans: Dear G,
The ownership of the 600 sq. ft. UDS (Undivided Share of Land) depends on the terms of the Joint Development Agreement (JDA) and the GPA cancellation deed. As per the JDA, the builder agreed to transfer the 600 sq. ft. UDS to you after GPA cancellation in return for compensation. If the GPA cancellation deed and subsequent agreements clearly state that this UDS belongs solely to you and these are registered with the Sub-Registrar’s Office (SRO), you are the legal owner. However, if your sister’s name still appears as a co-owner in the original title deed, you will need her to execute a **Settlement Deed** or **Gift Deed** in your favor, which must be registered to confirm your sole ownership and avoid disputes. The builder’s statement that you are the owner is valid only if it aligns with the registered documents. To confirm ownership, verify the SRO records to ensure the transfer has been legally recorded. If any gaps exist, consult a property lawyer to review the JDA, GPA cancellation deed, and builder’s agreement to ensure proper registration of ownership and resolve any ambiguity. This will safeguard your rights and provide clarity regarding the 600 sq. ft. UDS.
Regards, Nitin Narkhede -Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

...Read more

Nitin

Nitin Narkhede  |56 Answers  |Ask -

MF, PF Expert - Answered on Jan 21, 2025

Asked by Anonymous - Jan 14, 2025Hindi
Listen
Money
Hi sir/mam, I'm 32 years old working in a private firm as Manager. I own 9 lacs in FDs, accumulated 17 lacs in Mutual funds through SIP of around 23k pm (currently XIRR at 15-16% in with 75% in equity). I also have 2.5 lacs in PPF and 1.2 lacs in NPS. For tax savings I do yearly investments in PPF and NPS of about 1 lacs and rest I cover with ELSS (part of my SIPs). I want to retire at the age of 50, my current salary is 1.2 lac per month in hand, and receive few incentives of 1.5 lac a yr. I live in Mumbai with my wife and plan to buy a house of 60 lacs (out of which 20 L I'm borrowing from family, and rest of it will be loan with about 35k EMI). I also have a flat in NCR worth 80 L (purchased at 35 lacs), for which I have an EMI of 11k per month which is covered by rent I receive from there. I don't have kids yet, but I plan to have two of them. What should be my plan of investing that I can retire by max between 50 and 55 yrs of age with an upper middle class lifestyle in either Mumbai or NCR. How much should my corpus be? My current expenses are around 60k including rent in Mumbai, and my parents are independent. I have both health and life insurance of 1 cr+ cover.
Ans: Dear Friend,
To retire comfortably at 50-55 with an upper-middle-class lifestyle, you’ll need a retirement corpus of ?5 crore. Currently, your mutual funds, PPF, and NPS are projected to grow to ~?1.82 crore by 50. To bridge the gap of ?2.18 crore, increase your SIPs by ?30,000/month in equity funds, which can grow to ~?2.25 crore at 12% CAGR in 18 years. Prioritize repaying the ?20 lakh family loan after buying the Mumbai house, ensuring the ?35,000 EMI doesn’t hinder your additional investments. Post-retirement, rely on rental income from your NCR property and a 4% systematic withdrawal strategy from your corpus to cover inflation-adjusted expenses. Maintain ?5-6 lakhs in an emergency fund and continue tax-saving investments like ELSS, PPF, and NPS. Regularly review and rebalance your portfolio to stay aligned with your goals. With disciplined savings and investments, you’re on track for a secure retirement.
Regards, Nitin Narkhede
-Founder Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

...Read more

Ramalingam

Ramalingam Kalirajan  |7593 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 21, 2025

Asked by Anonymous - Jan 20, 2025Hindi
Listen
Money
Hello sir, I am 35yo with 2 (4yo, 1yo) children. Can I retire now, with following corpus: mutual fund and stocks : 3.5 crore, lands: 50 lakh, PF&PPF: 80 lakh, FD: 25 lakh, SGB &Gold:50 lakh. Currently doesn't own any house. Monthly expense is around 1 lakh.
Ans: Your corpus and monthly expenses show a solid foundation. Retirement at 35, however, requires careful assessment. Let’s analyse your situation step by step.

Current Financial Assets and Allocations

Mutual Funds and Stocks: Rs 3.5 crore

This is a significant part of your corpus. Equity investments offer high growth potential.

Lands: Rs 50 lakh

Real estate investments are illiquid. Consider them only for long-term growth or inheritance.

PF and PPF: Rs 80 lakh

These provide stability and assured returns. These are good for meeting long-term goals.

Fixed Deposit: Rs 25 lakh

FDs are low-risk and ensure liquidity. This is beneficial for emergencies.

SGB and Gold: Rs 50 lakh

Gold is a strong hedge against inflation. It also offers diversification.

Monthly Expense Analysis

Your monthly expense of Rs 1 lakh equates to Rs 12 lakh annually.

Accounting for inflation, this expense will grow over time. Planning for this is crucial.

Core Observations

Your total corpus is Rs 5.55 crore. This is substantial for your age.

Inflation and rising expenses over time will impact your corpus.

Without a house, rent becomes a recurring expense. Factor this into your calculations.

You have no guaranteed income sources post-retirement.

Key Areas of Improvement

Housing

Consider buying a house if feasible. Owning a house ensures stability and reduces rent.

Do not invest excessively in real estate as it is illiquid.

Corpus Utilisation

Avoid over-reliance on equity investments for withdrawals. Equity is volatile in the short term.

Use a mix of debt and equity for regular withdrawals.

Children’s Education and Marriage

Both are major financial goals. Plan dedicated investments for these.

Use long-term instruments for education and marriage funds.

Emergency Fund

Maintain an emergency fund of at least 12 months of expenses.

Keep it in liquid funds or high-yield savings accounts.

Recommended Financial Strategies

Asset Allocation

Diversify your portfolio across equity, debt, and gold.

Maintain 60% equity, 30% debt, and 10% gold as a starting point. Adjust as needed.

Mutual Fund Investments

Continue with actively managed funds. These can outperform index funds in emerging markets like India.

Avoid direct funds if you lack time or expertise. Regular funds offer advisor support and insights.

Debt Investments

Increase debt allocation for stability. Consider high-quality debt mutual funds.

Ensure these align with your withdrawal needs.

Tax Planning

Monitor tax implications of mutual fund withdrawals.

LTCG from equity funds above Rs 1.25 lakh is taxed at 12.5%.

Plan withdrawals to minimise tax liabilities.

Insurance Needs

Ensure adequate health insurance for your family. Cover at least Rs 25 lakh for each member.

Check if you have term insurance. Secure Rs 2-3 crore coverage for your family’s financial safety.

Inflation and Lifestyle Adjustments

Inflation can erode your purchasing power. Plan investments to counter inflation.

Avoid lifestyle inflation. Stick to essential expenses wherever possible.

Income Generation Options

Systematic Withdrawal Plans (SWP)

Use SWP from mutual funds for regular income.

Choose hybrid funds for better stability and returns.

Rental Income

Invest part of your corpus in commercial properties.

Ensure this aligns with your liquidity needs and risk profile.

Freelance or Part-Time Work

Consider light work for additional income. It can extend your corpus.

Use your skills to generate flexible income streams.

Monitoring and Review

Review your portfolio annually. Adjust allocations as goals evolve.

Work with a Certified Financial Planner for periodic checks.

Final Insights

Retirement at 35 is ambitious but achievable with meticulous planning. Your current corpus is strong, but consider the following:

Plan for inflation, children’s needs, and healthcare costs.

Diversify investments and secure guaranteed income sources.

Avoid premature decisions. Evaluate thoroughly before retiring.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

...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