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45 Year Old Seeking Retirement Advice: Can I Make It with My Savings and Business Plan?

Ramalingam

Ramalingam Kalirajan  |10872 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Feb 04, 2025

Ramalingam Kalirajan has over 23 years of experience in mutual funds and financial planning.
He has an MBA in finance from the University of Madras and is a certified financial planner.
He is the director and chief financial planner at Holistic Investment, a Chennai-based firm that offers financial planning and wealth management advice.... more
sridhar Question by sridhar on Jan 27, 2025Hindi
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I’m 45 and planning to retire in next 3 months. I have an overall savings of 3.3 ( FD, PF, Savings, Shares) gold - 20L plus 5L Silver. Home loan every month 61k, Car loan 39k, house rent 21k and 55k home expenses. Thinking to start my training business from home, can fetch 30k to 1L per month if done correctly. Planning to close my home loan (67L) full or partial (50L) and sell car or close partially loan (10L), outstanding is 15.5L. I have a daughter completing her 10th and took admission in 11th grade. Her annual college fees is 1.2L. We are moving in May to our own house and have 3 shops in a slightly prime location (Chennai) however we can enjoy after 6 to 7 years. It is fetching today 35k (overall). Health insurance of 10L.

Ans: You have structured your financial resources thoughtfully. A total savings corpus of Rs. 3.3 crore, along with Rs. 20 lakh in gold and Rs. 5 lakh in silver, provides a strong financial base.

Your plans to start a home-based training business could generate Rs. 30,000 to Rs. 1 lakh monthly. This is an excellent decision for post-retirement income. Additionally, your health insurance coverage of Rs. 10 lakh is a valuable safety net for healthcare needs.

Debt Management
Handling your outstanding liabilities should be a priority to ensure a smooth retirement.

Home Loan (Outstanding Rs. 67 lakh): Closing this loan partially or fully will reduce financial stress. Consider closing Rs. 50 lakh initially and investing the remaining Rs. 17 lakh wisely for liquidity.

Car Loan (Outstanding Rs. 15.5 lakh): Selling the car or partially paying off Rs. 10 lakh can reduce monthly expenses.

Monthly Expense Management: Clearing debts can reduce your combined EMIs from Rs. 1 lakh per month to manageable levels.

Income Stream Planning
You have diverse potential income streams post-retirement, including the training business and rental income.

Training Business: Focus on marketing and building a strong clientele. Consistent efforts can fetch Rs. 1 lakh monthly.

Rental Income: The current Rs. 35,000 per month can support regular expenses. The three shops could yield higher returns in the future.

Investment Recommendations
To maintain financial stability and meet long-term goals, diversification is essential.

Debt Mutual Funds: Invest a portion of the remaining savings after loan repayments. These offer stable returns and easy liquidity.

Actively Managed Equity Funds: Keep some exposure to high-performing mutual funds for growth. These help beat inflation and generate wealth over time.

Gold and Silver Holdings: Continue holding these as a hedge against market risks.

Emergency Fund: Maintain Rs. 15-20 lakh in liquid investments to handle unexpected expenses.

Children's Education Planning
Your daughter’s education expenses of Rs. 1.2 lakh per year are manageable within your cash flow.

Set aside a dedicated education fund to cover her next 3-4 years of education.

Use liquid funds or fixed deposits to keep this amount easily accessible.

Estate Planning
Clear planning for asset transfer is vital for family security.

Draft a Will: Create a legally sound will to ensure smooth inheritance.

Power of Attorney: Assign a trusted family member or advisor for financial decisions if needed.

Final Insights
Your decision to close or reduce liabilities and start a home-based business is strategic. By efficiently managing your cash flow, investments, and liabilities, you can retire comfortably while ensuring your family’s financial well-being.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner

www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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Ramalingam

Ramalingam Kalirajan  |10872 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jun 18, 2024

Asked by Anonymous - Jun 11, 2024Hindi
Money
I am 43 years old, have 13 yrs son in 9th std, 8yrs daughter in 3rd std. Both in India. Currently i am NRI monthly 5lacs salary. But soon coming back to india my salary will be 2.3lac per month. I have 1plot size 30x40 in bangalore. Around 5acres of active agricultural in native tier 3 city. I have epf balance 30lacs(not performing last 2.5yrs) . Current bank balance is 10lacs. Have sukanya samruthi for my daughter 10k per month (around 4lacs in account) Around 500gm gold jewel, wife(home maker, not nri) having 250gm gold, 1.5acre agri land in her name purchased by me with good potential for real estate. Invested in stock market 1lac recently in my wife's name. No debt now. Planning construct home 1cr(will get rent 40k per month) in 1year in bangalore, planning to buy car 15lacs less than 2years. Own home in village. Holding 1cr term insurance. My current family expense 1lac per month(including school fees, petrol etc.)Kindly advice me for kids education marriage and my retirement corpus. Currently having 2nd old santro for my personal travel in India.
Ans: Thank you for sharing the details of your financial situation. I understand your goals and concerns, and I appreciate the effort you’ve put into securing your family’s future. Let's analyze your financial position and provide a comprehensive plan for your children's education, their marriage, and your retirement.

Understanding Your Financial Situation
Current Income and Assets
Monthly NRI Salary: Rs 5 lakhs
Upcoming Indian Salary: Rs 2.3 lakhs per month
Plot in Bangalore: 30x40
Active Agricultural Land: 5 acres
EPF Balance: Rs 30 lakhs
Bank Balance: Rs 10 lakhs
Sukanya Samriddhi Yojana: Rs 10,000 per month (Rs 4 lakhs in account)
Gold Jewelry: 750 grams (500 gm yours, 250 gm wife’s)
Agricultural Land (Wife’s name): 1.5 acres
Recent Stock Investment: Rs 1 lakh (wife’s name)
Current Family Expenses: Rs 1 lakh per month
Term Insurance: Rs 1 crore
Plan to Construct Home: Rs 1 crore (rent: Rs 40,000 per month)
Plan to Buy Car: Rs 15 lakhs (in less than 2 years)
Own Home in Village
Current Car: Old Santro
Financial Goals
Children’s education
Children’s marriage
Retirement corpus
Construct home and generate rental income
Purchase a car
Evaluating Your Assets
EPF Balance
Your EPF balance of Rs 30 lakhs is substantial but hasn’t been performing well. It’s crucial to reassess this investment and consider moving a portion to other instruments that may offer better returns.

Agricultural Land and Plot
Agricultural land and the plot in Bangalore are valuable assets. The agricultural land in your wife’s name has real estate potential, which can be considered for future use or sale.

Gold
Gold is a secure investment and can be used as a safety net in times of need. It’s good to have a portion of your assets in gold.

Stock Market Investment
Investing in stocks can yield high returns, but it’s also risky. Ensure you’re diversifying adequately to manage risk.

Planning for Children’s Education and Marriage
Education
Estimate Future Costs: Education costs are rising. Estimate the future costs for both your children’s education. Consider inflation and choose investments accordingly.

Investment Vehicles: SIPs in mutual funds are an effective way to build an education corpus. Diversify between equity and debt funds for balanced growth and safety.

Marriage
Estimate Marriage Expenses: Determine a realistic amount for marriage expenses considering current trends and inflation.

Long-Term Investments: For long-term goals like marriage, consider investing in PPF, Sukanya Samriddhi Yojana (for your daughter), and balanced mutual funds.

Retirement Planning
Retirement Corpus
Calculate Corpus Needed: Estimate the amount you’ll need to maintain your lifestyle post-retirement. Consider inflation and life expectancy.

Diversified Portfolio: A mix of mutual funds, fixed deposits, and pension schemes can help create a robust retirement corpus.

Monthly Contributions
Systematic Investments: Allocate a portion of your salary towards SIPs in mutual funds. Diversify between equity, debt, and hybrid funds for balanced growth and safety.

EPF and PPF: Continue contributing to EPF and PPF. They offer tax benefits and relatively secure returns.

Construction of Home and Rental Income
Construction Plan
Budget Management: Ensure the construction cost of Rs 1 crore is within your budget. Consider taking a home loan if necessary but ensure it’s manageable within your salary.

Rental Income: The expected rental income of Rs 40,000 per month will help supplement your monthly income. This can be allocated towards your children’s education or marriage fund.

Tax Benefits
Home Loan Interest: Utilize tax benefits on home loan interest under Section 24(b) of the Income Tax Act.

Principal Repayment: Avail of tax deductions on the principal repayment under Section 80C.

Buying a Car
Budget Allocation
Down Payment and Loan: Decide on the down payment and the amount to be financed through a loan. Ensure the EMI is affordable within your post-return salary.

Savings Plan: Start a dedicated savings plan for the car purchase to avoid large financial strain at the time of purchase.

Maintaining Emergency Fund
Emergency Fund
Allocate Funds: Maintain an emergency fund equivalent to 6-12 months of your monthly expenses. This ensures financial stability in case of unforeseen circumstances.

Liquid Investments: Keep the emergency fund in liquid investments like savings accounts or liquid mutual funds for easy access.

Risk Management
Insurance
Health Insurance: Ensure adequate health insurance coverage for your entire family. Consider enhancing your current health insurance plan given the rising medical costs.

Term Insurance: Your Rs 1 crore term insurance is good. Reassess the coverage to ensure it meets your family’s needs.

Diversification
Diversified Portfolio: Diversify your investments across various asset classes to reduce risk and improve returns.

Regular Review: Regularly review your investment portfolio and rebalance it to align with your financial goals and risk tolerance.

Creating a Financial Plan
Setting Clear Goals
Specific Goals: Define specific financial goals for your children’s education, their marriage, and your retirement.

Timeframes: Set realistic timeframes for each goal to help in planning and tracking progress.

Monthly Budget
Income Allocation: Allocate your income towards various expenses, savings, and investments. Ensure you’re saving and investing a significant portion of your income.

Expense Tracking: Track your expenses to ensure you stay within your budget and can allocate more towards savings and investments.

Professional Guidance
Certified Financial Planner (CFP): Consult a CFP to help create a detailed financial plan tailored to your needs and goals.

Regular Monitoring: Regularly monitor and review your financial plan with your CFP to make necessary adjustments based on changing circumstances.

Final Insights
You have a solid foundation with various assets and a good income. By strategically planning your investments and expenses, you can comfortably achieve your financial goals. Focus on diversifying your investments, maintaining an emergency fund, and seeking professional advice. This will ensure your children’s education and marriage are well-funded, and you can enjoy a comfortable retirement.

Best Regards,

K. Ramalingam, MBA, CFP

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |10872 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jul 10, 2024

Asked by Anonymous - Jul 09, 2024Hindi
Money
Hello I am 43 years old with take home salary of INR 2.7 Lakhs. I have a daughter in her late teens who plans to pursue her career in Music. I invest INR1.45 lakhs monthly in MF SIP (Bal - 42 lakhs), Stocks - 50 Lakhs, NPS - 21k monthly (bal - 17 lakhs), FD - 5.5 lakhs, ESOPs US security - 40k monthly ( bal - 19 lakhs), Gratuity 20 lakhs, PF - 25k monthly (bal - 65 lakhs). Term Insurance - 1.5 Cr, Medical floater of 10 lakhs, LIC endowment 2 policies - 52k and 60 k annually. ICICI future perfect plan - Completed yearly payment of 5lakhs for 5 years , total 10 years to maturity. I stay in my own house which is debt free. Real Estate Investment - 55 lakhs loan free and 1.2 Cr under construction with 74 lakhs loan. I plan to buy a bigger house in 5 to 7 yrs which would cost me around 3.5 Cr. Plan to retire at the age of 50 after providing regular income for my retirement (around 1.25 lakhs) and regular income for my daughter till her career stabilises. I plan to accumulate around 15 Crs at the age of 60.
Ans: It's impressive that you have a clear financial plan and diverse investments. Your commitment to securing a bright future for yourself and your daughter is commendable. Let's dive into a detailed strategy to ensure you meet your financial goals, including retirement and providing for your daughter's career in music.

Current Financial Situation
You are 43 years old with a take-home salary of Rs. 2.7 lakhs. Your investments include:

Mutual Fund SIPs: Rs. 1.45 lakhs monthly (balance: Rs. 42 lakhs)
Stocks: Rs. 50 lakhs
NPS: Rs. 21,000 monthly (balance: Rs. 17 lakhs)
FD: Rs. 5.5 lakhs
ESOPs US Security: Rs. 40,000 monthly (balance: Rs. 19 lakhs)
Gratuity: Rs. 20 lakhs
PF: Rs. 25,000 monthly (balance: Rs. 65 lakhs)
Term Insurance: Rs. 1.5 crores
Medical Floater: Rs. 10 lakhs
LIC Endowment: Rs. 52,000 and Rs. 60,000 annually
ICICI Future Perfect Plan: Rs. 5 lakhs annually for 5 years, 10 years to maturity
Real Estate: Own house (debt-free), investment property Rs. 55 lakhs (loan-free), and under-construction property Rs. 1.2 crores (Rs. 74 lakhs loan)
Financial Goals
Retirement at 50: Provide a regular income of Rs. 1.25 lakhs monthly
Support Daughter's Career: Ensure financial stability until her career stabilizes
Buy a Bigger House: Purchase a house worth Rs. 3.5 crores in 5-7 years
Accumulate Rs. 15 Crores by Age 60
Retirement Planning
Estimating Retirement Corpus
You plan to retire at 50 and need Rs. 1.25 lakhs monthly. This translates to Rs. 15 lakhs annually. Assuming a conservative withdrawal rate, you'll need a substantial corpus to ensure financial security.

Investment Strategy
Mutual Funds: Continue your SIPs. Equity mutual funds offer high returns and are suitable for long-term goals.
Balanced Funds: As you near retirement, allocate some investments to balanced funds for stability.
Debt Funds: Shift a portion of your investments to debt funds to preserve capital.
Diversification
Diversify your portfolio across different mutual fund categories to manage risk. Regularly review and adjust based on market conditions and goals.

Power of Compounding
Compounding can significantly grow your investments over time. Your disciplined SIPs will benefit from this, helping you build a robust retirement corpus.

Supporting Daughter's Career
Estimating Costs
Supporting a career in music may involve various expenses like education, instruments, and other related costs. Estimate these expenses to plan effectively.

Investment Options
Children’s Education Funds: These funds are tailored for children’s future needs. They provide a mix of growth and stability.
Equity Mutual Funds: Continue investing in equity funds for long-term growth.
Debt Funds: As your daughter approaches critical career milestones, shift some investments to debt funds for stability.
Systematic Investment Plan (SIP)
Start or continue a separate SIP for your daughter’s future needs. This will help you accumulate the required funds systematically over the years.

Buying a Bigger House
Planning for the Purchase
You plan to buy a house worth Rs. 3.5 crores in 5-7 years. Start by saving for the down payment and planning your finances to ensure you can manage the loan effectively.

Investment Strategy
Equity Mutual Funds: Continue investing in equity funds for potential high returns.
Balanced Funds: Gradually shift some investments to balanced funds as the purchase date approaches.
Debt Funds: Preserve your capital by shifting a portion of investments to debt funds closer to the purchase date.
Accumulating Rs. 15 Crores by Age 60
Setting Clear Goals
Break down your goal of Rs. 15 crores into smaller, manageable targets. Regularly track your progress to ensure you are on track.

Investment Strategy
Equity Mutual Funds: Continue your disciplined SIPs in equity funds. They offer the highest potential returns over the long term.
Balanced Funds: As you get closer to 60, allocate more investments to balanced funds for stability.
Debt Funds: In the final years, shift a significant portion to debt funds to preserve your accumulated wealth.
Regular Review and Adjustments
Financial planning is not a one-time activity. Regularly review your investments and adjust based on market conditions and your evolving financial goals.

Insurance Planning
Ensure you have adequate life and health insurance coverage. Your term insurance of Rs. 1.5 crores and medical floater of Rs. 10 lakhs are good starts.

Reviewing Existing Policies
Evaluate the performance and benefits of your LIC endowment policies and the ICICI Future Perfect Plan. Consider surrendering if they are not meeting your expectations and reinvesting in mutual funds.

Adding Coverage
As your responsibilities grow, ensure your insurance coverage is adequate. Consider increasing your life insurance cover if needed.

Emergency Fund
Maintain an emergency fund to cover at least 6-12 months of your expenses. This acts as a financial cushion during unforeseen events.

Keeping it Accessible
Keep your emergency fund in a liquid savings account or a liquid mutual fund for easy access during emergencies.

Advantages of Mutual Funds
Diversification
Mutual funds offer diversification across various sectors and asset classes, reducing risk.

Professional Management
They are managed by professional fund managers who have the expertise to make informed investment decisions.

Flexibility
Mutual funds offer flexibility with various investment options to suit different risk appetites and financial goals.

Liquidity
They are highly liquid, meaning you can easily buy and sell your investment, providing access to your money when needed.

Disadvantages of Index Funds
Index funds track a market index, so they can’t outperform the market. They offer limited flexibility and are not actively managed.

Benefits of Actively Managed Funds
Actively managed funds aim to outperform the market by selecting securities based on research and analysis. They offer higher return potential, although they come with higher fees.

Disadvantages of Direct Funds
Direct funds require investors to make decisions without advice. This can be risky without proper knowledge and expertise.

Benefits of Investing Through MFD with CFP Credential
Investing through a Mutual Fund Distributor (MFD) with a Certified Financial Planner (CFP) credential ensures professional guidance and tailored investment advice.

Final Insights
You have a solid financial foundation and a clear vision for the future. With disciplined investing and careful planning, you can achieve your goals.

Retirement Planning: Continue your SIPs in mutual funds and diversify your investments. Take advantage of compounding for long-term growth.
Supporting Daughter’s Career: Start or continue a separate SIP for her future needs. Estimate costs and plan accordingly.
Buying a Bigger House: Save for the down payment and plan your finances for the purchase. Gradually shift investments to balanced and debt funds.
Accumulating Rs. 15 Crores by Age 60: Set clear goals, track your progress, and adjust your investments regularly.
Maintain an emergency fund and ensure adequate insurance coverage. Regularly review your portfolio and make adjustments as needed. You are on the right track to achieve financial freedom and secure a bright future for yourself and your daughter.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

..Read more

Ramalingam

Ramalingam Kalirajan  |10872 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Jan 29, 2025

Asked by Anonymous - Jan 27, 2025Hindi
Listen
Money
I’m 45 and planning to retire in next 3 months. I have an overall savings of 3.3 ( FD, PF, Savings) gold - 20L plus 5L Silver. Home loan every month 61k, Car loan 39k, house rent 21k and 55k home expenses. Thinking to start my training business from home, can fetch 30k to 1L per month if done correctly. Planning to close my home loan (67L) full or partial (50L) and sell car or close partially loan (10L), outstanding is 15.5L. I have a daughter completing her 10th and took admission in 11th grade. Her annual college fees is 1.2L. We are moving in May to our own house and have 3 shops in a prime location (Chennai) however we can enjoy after 6 to 7 years. It is fetching today 35k.
Ans: Current Financial Position

Savings: Rs. 3.3 crore (FD, PF, Savings)

Gold & Silver: Rs. 20 lakh in gold, Rs. 5 lakh in silver

Loans: Home Loan: Rs. 67 lakh (EMI: Rs. 61,000/month), Car Loan: Rs. 15.5 lakh (EMI: Rs. 39,000/month)

Expenses: House Rent: Rs. 21,000/month (moving to own house in May), Household Expenses: Rs. 55,000/month

Daughter’s Education: College fees: Rs. 1.2 lakh per year

Business Plan: Home-based training business, Expected income: Rs. 30,000 to Rs. 1 lakh per month

Real Estate Assets: Own house (moving in May), Three shops in Chennai (rental income: Rs. 35,000/month, usable after 6-7 years)

Loan Repayment Strategy

Home Loan: Consider partial repayment (Rs. 50 lakh) instead of full prepayment. This keeps liquidity while reducing EMI burden significantly.

Car Loan: Since the outstanding amount is Rs. 15.5 lakh, repaying Rs. 10 lakh will reduce EMI. Selling the car is an option if a replacement is unnecessary.

Cash Flow Management

Reducing Fixed Expenses: Moving to own house in May will eliminate Rs. 21,000 monthly rent.

Household Budgeting: Rs. 55,000 for household expenses is reasonable. Ensure it includes emergency buffers.

Education Fund: Daughter’s education will require Rs. 2.4 lakh in two years. Keep this amount liquid in an FD or a short-term debt fund.

Investment Allocation

Emergency Fund: Keep at least Rs. 30 lakh liquid in a high-interest savings account or an ultra-short-term fund.

Gold & Silver: These can serve as a last resort for financial security but should not be actively liquidated.

Mutual Fund Investment: Invest a portion of savings in equity and debt mutual funds for long-term growth and stability.

Fixed Deposits & Bonds: Preserve some capital in fixed-income instruments for stability and predictable returns.

Business Income Planning

Diversified Revenue Model: Offer both in-person and online training for better scalability.

Marketing Strategy: Use social media and referrals to grow your business cost-effectively.

Financial Buffer: Set aside Rs. 10 lakh to sustain business operations in the initial phase.

Retirement Security

Pension Planning: Build a corpus that generates passive income covering monthly expenses of Rs. 1.2 lakh.

Rental Income Growth: Shops in Chennai will generate higher rent in 6-7 years. Plan for future asset utilization.

Healthcare Fund: Allocate Rs. 25 lakh specifically for future medical needs.

Final Insights

Smart Debt Reduction: Prioritize partial home and car loan repayment while maintaining liquidity.

Balanced Investments: Keep funds diversified across debt, equity, and fixed-income instruments.

Business Growth: Focus on maximizing training income with minimal fixed costs.

Retirement Readiness: Ensure passive income sources match or exceed monthly expense needs.

Best Regards,
K. Ramalingam, MBA, CFP
Chief Financial Planner
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

..Read more

Milind

Milind Vadjikar  | Answer  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Jan 27, 2025

Asked by Anonymous - Jan 27, 2025Hindi
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Money
I’m 45 and planning to retire in next 3 months. I have an overall savings of 3.3 ( FD, PF, Savings, Shares) gold - 20L plus 5L Silver. Home loan every month 61k, Car loan 39k, house rent 21k and 55k home expenses. Thinking to start my training business from home, can fetch 30k to 1L per month if done correctly. Planning to close my home loan (67L) full or partial (50L) and sell car or close partially loan (10L), outstanding is 15.5L. I have a daughter completing her 10th and took admission in 11th grade. Her annual college fees is 1.2L. We are moving in May to our own flat and have 3 shops in a slightly prime location (Chennai) however we can enjoy after 6 to 7 years. It is fetching today 35k (overall). Health insurance of 10L. After moving to new flat expected expenses per month - house expenses- 30k, Maintenance- 7k, my expenses - 25k, other exp- 10k to 15k.
Ans: Hello;

You must close you home loan(67 L) and car loan(15.5 L) in full from 3.3 Cr of overall savings.

That will leave you with a net savings of 2.475 Cr.

Keep 7.5 L as emergency fund in your saving account.

Keep 20 L in a liquid fund meant for your daughter's higher education. Gold(20 L) and Silver(5 L) holding may be used here if required.

Now your net savings is around 2.2 Cr. Buy an immediate annuity for this sum from an insurance company. Assuming 6% annuity rate you may expect a monthly income of 1 L post tax.

This will cover all your expenses at new residence and still leave something more in hand, which may reinvested in hybrid mutual funds to boost annuity income after 10 years.

All the best for your new venture.

Happy Investing;
X: @mars_invest

..Read more

Ramalingam

Ramalingam Kalirajan  |10872 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Sep 08, 2025

Money
Dear Gurus, I am Male, Age 34 Years and a Class I Government Officer. I am Married from past 8 Years & have a daughter who is three years old. My gross salary is approx 2 Lakhs per month and in hand salary is around 1.5 Lakhs per month. My wife is also working and earns around 70K per month. I have a 2BHK Flat with present market value of approx 60 Lakhs and a recently purchased plot of value approx 50 Lakhs. Both the properties are fully paid. I live in a government accommodation which is provided to me by the department. I invest approx 50K in SIP in Mutual Funds per month and has a portfolio of around 10 Lakhs presently. I make additional contribution of 15K per month in my organizational fund earning approx 7 percent per annum and has a saving of approx 10 Lakhs in it presently. Apart from it i am also investing 1.2 LPA in PPF (Present corpus of 2 Lakhs) and 1.5 LPA in Sukanya Samriddhi Yojana for my daughter (presently 4.5 Lakhs already put in the account in last three years). All medical & travelling expenses of me and my family are looked after by the government. I have a monthly expense of approx 80000 including an EMI of 30K for a car loan (presently 12 Lakhs outstanding). Monthly expense is looked after jointly by me and my wife. I will have an assignment in near future in which i will be earning approx 4 Lakhs per month for a year starting this November 2025. I want to retire at an age of 44 Years and make my hobby (travelling) my full time work. After retirement i will also have a monthly pension of around 2 Lakhs per month (foreseeing increase in my salary in next 10 year horizon). I want to give the best of schooling, education and marriage to my daughter. I also need additional 1.5-2 Lakhs per month for personal needs and expenses addition to my monthly pension. How can i manage the same. Where to invest the extra approx 50 Lakhs i will be earning in next one year. Request for guidance please.
Ans: You have planned with foresight and discipline. Your savings, investments, and goals are inspiring. Let me share a 360-degree financial roadmap for you.

» Current financial strengths

– You have strong salary income with dual earning members.
– You have no housing loan burden as your house and plot are fully paid.
– You are already investing Rs. 50K monthly in mutual funds and building equity exposure.
– You also invest in organisational fund, PPF, and Sukanya Samriddhi for your daughter.
– Your government job gives pension, medical cover, and stability.
– You will soon have a one-year assignment with high extra income.
– You are thinking about early retirement at 44 with pension support.

» Current challenges

– You have a car loan of Rs. 12 lakhs which adds to monthly EMI.
– Monthly expenses of Rs. 80K may rise with lifestyle and child’s education.
– You need additional Rs. 1.5 to 2 lakhs per month after retirement for hobbies and travel.
– Your child’s education and marriage need a big dedicated corpus.
– Inflation will increase costs of schooling, healthcare, and lifestyle over 10 years.

» Pension as base income

– A pension of Rs. 2 lakhs per month is a huge security.
– However, pension alone may not cover education, marriage, and lifestyle costs.
– You need additional passive income streams and investment growth.

» Short-term priorities (Next 3 years)

– Clear the Rs. 12 lakhs car loan within 2–3 years.
– Allocate part of your upcoming assignment income to debt closure.
– Increase your emergency fund to at least 6–9 months of expenses.
– Continue investing in mutual funds with focus on growth-oriented categories.
– Strengthen Sukanya and PPF as long-term safe allocations for your daughter.

» Utilising the upcoming Rs. 50 lakhs

– Divide this amount into clear buckets for clarity.
– Around Rs. 15 lakhs can be used to close your car loan and build emergency reserve.
– Around Rs. 25–30 lakhs can be invested in diversified mutual funds for growth.
– Balance 5–10 lakhs can be kept in safer debt options for liquidity.
– This division will balance growth, safety, and flexibility.

» Mutual fund strategy

– Actively managed funds give better flexibility and professional oversight.
– Index funds are not recommended because they lack downside protection in volatile markets.
– With active funds, managers can balance risk and adjust portfolio better.
– Your current SIP of Rs. 50K is excellent. Try increasing it after the assignment year.
– Distribute between large-cap, flexi-cap, and mid-cap funds for balanced growth.
– Keep regular monitoring with a Certified Financial Planner for course correction.

» PPF and Sukanya Samriddhi

– PPF gives tax-free returns and safe long-term growth. Continue yearly contribution.
– Sukanya scheme is excellent for your daughter’s education and marriage.
– Both provide stability while your mutual funds provide growth.
– Keep both accounts active till maturity for maximum benefit.

» Organisational fund

– You already invest Rs. 15K per month here.
– It gives steady but low returns compared to mutual funds.
– Keep continuing but avoid increasing contribution.
– Treat this as stable fixed income portion of your portfolio.

» Daughter’s education and marriage planning

– Education will need around Rs. 60–80 lakhs in 15 years.
– Marriage could need Rs. 50–70 lakhs in 20 years.
– You must plan dedicated investment buckets for these two goals.
– Use equity mutual funds for long-term growth.
– Add yearly top-ups from your salary increments or bonuses.
– Review progress every 3–4 years with a Certified Financial Planner.

» Early retirement goal at 44

– You have 10 years left to build wealth.
– Use this period to maximise equity allocation.
– Maintain discipline in SIPs and add lump-sums whenever possible.
– Avoid early withdrawals from investments meant for retirement.
– By retirement, combine pension, mutual fund corpus, and safe debt instruments.
– This mix will generate your required extra Rs. 1.5–2 lakhs monthly.

» Lifestyle and travel funding

– Keep a separate corpus for travel and hobbies.
– You can allocate part of the assignment income here.
– Invest in balanced funds to keep growth and liquidity.
– This way your pension covers basics, and investments cover lifestyle.

» Risk management

– You have medical expenses covered by the government.
– Still consider a family floater health policy for post-retirement years.
– Maintain term insurance till your daughter is financially independent.
– Review insurance coverage every 3–4 years.

» Tax planning

– Continue using PPF and Sukanya for Section 80C benefits.
– Use ELSS mutual funds for additional tax-efficient equity exposure.
– Be mindful of mutual fund capital gain taxation rules.
– Long-term equity gains above Rs. 1.25 lakh yearly are taxed at 12.5 percent.
– Short-term equity gains are taxed at 20 percent.
– Debt fund gains are taxed as per your income slab.
– Plan redemptions smartly to reduce tax outgo.

» Managing rising expenses

– Currently expenses are Rs. 80K. After retirement, inflation will double them in 15 years.
– Your pension plus investment income must match this higher expense.
– Therefore, equity growth is crucial for long-term wealth creation.
– Avoid over-dependence on safe but low-yield instruments.
– Strike balance between growth, safety, and liquidity.

» Avoiding investment mistakes

– Do not rely only on traditional products like PPF, SSY, or FDs.
– They are safe but cannot beat inflation over long periods.
– Avoid index funds due to lack of active management.
– Avoid direct mutual funds since they don’t give personalised guidance.
– Regular plans via MFD with CFP credential give monitoring and support.
– Do not over-diversify into too many schemes.
– Stick to a focused, goal-based portfolio.

» Finally

You have an excellent base of assets, salary, and pension. Your discipline in savings is strong. The upcoming Rs. 50 lakhs income is a game-changer. Use it wisely between loan closure, mutual funds, and safety reserves. Continue SIPs and increase allocation whenever income rises. Keep daughter’s education and marriage funds separate. Aim for steady equity growth for 10 years. At retirement, your pension and investments will easily cover lifestyle, hobbies, and family responsibilities. Regular reviews with a Certified Financial Planner will ensure you stay on track.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

..Read more

Latest Questions
Nayagam P

Nayagam P P  |10852 Answers  |Ask -

Career Counsellor - Answered on Dec 07, 2025

Career
Hello, I’m a student who recently joined the Integrated M.Sc Physics program at Amrita University. I’m aiming for a strong academic foundation and a clear career path. Could you please guide me on the following: How good is this course for research careers or higher studies (IISc, IITs, abroad)? What are the placement prospects after Integrated M.Sc Physics at Amrita? Does the program help in preparing for alternate options like UPSC, CDS/AFCAT, or technical roles? What skills (coding, research projects, certifications) should I start early to make the most of this degree?
Ans: Sree, Program Overview and Academic Foundation: Congratulations on joining the Integrated M.Sc Physics program at Amrita University. This five-year integrated program represents a rigorous pathway designed to equip you with advanced theoretical and experimental physics knowledge combined with cutting-edge scientific computing skills. The curriculum uniquely integrates a minor in Scientific Computing, which adds substantial computational capability to your profile—a critical advantage in today's research and professional landscape. The program incorporates comprehensive coursework spanning classical mechanics, electromagnetism, quantum mechanics, statistical physics, advanced laboratory work, and specialized topics in materials physics, optoelectronics, and computational methods, positioning you excellently for both research and professional careers.
Research Career Prospects: IISc, IITs, and Beyond: For research-oriented careers, the Integrated M.Sc Physics program at Amrita provides an exceptional foundation. Amrita's curriculum specifically aligns with GATE and UGC-NET examination syllabi, and the institution emphasizes early research engagement. The faculty at Amrita actively publish research in Scopus-indexed journals, with over 60 publications in international venues within the past five years, exposing you to active research environments.
To pursue research at premier institutions like IISc, you would typically follow the PhD pathway. IISc accepts M.Sc graduates through their Integrated PhD programs, and with your Amrita M.Sc, you're eligible to apply. You'll need to qualify the relevant entrance examinations, and your integrated program's emphasis on research fundamentals provides strong preparation. The final year of your Integrated M.Sc is intentionally structured to be nearly free of classroom commitments, enabling engagement with research projects at institutes like IISc, IITs, and National Labs. According to Amrita's data, over 80% of M.Sc Physics students secured internship offers from reputed institutions during academic year 2019-20, directly facilitating research career transitions.
Placement and Direct Employment Opportunities: Amrita University boasts a comprehensive placement ecosystem with strong corporate and government sector connections. According to NIRF placement data for the Amrita Integrated M.Sc program (5-year), the median salary in 2023-24 stood at ?7.2 LPA with approximately 57% placement rate. However, these figures reflect general placement trends; physics graduates often secure higher packages in specialized technical roles. Many graduates join software companies like Infosys (with early offers), Google, and PayPal, where their strong analytical and computational skills command competitive compensation packages ranging from ?8-15 LPA for entry-level positions.
The Department of Corporate and Industrial Relations at Amrita provides intensive three-semester life skills training covering linguistic competence, data interpretation, group discussions, and interview techniques. This structured placement support significantly enhances your employability in both government and private sectors.
Government Sector Opportunities: UPSC, BARC, DRDO, and ISRO: Your M.Sc Physics degree opens multiple avenues for prestigious government employment. UPSC Geophysicist examinations explicitly list M.Sc Physics or Applied Physics as qualifying degrees, enabling you to compete for Group A positions in the Geological Survey of India and Central Ground Water Board. The age limit for geophysicist positions is 32 years (with relaxation for reserved categories), and the exam comprises preliminary, main, and interview stages.
BARC (Bhabha Atomic Research Centre) actively recruits M.Sc Physics graduates as Scientific Officers and Research Fellows. Recruitment occurs through the BARC Online Test or GATE scores, with positions in nuclear science, radiation protection, and atomic research. BARC Summer Internship programs are available, offering ?5,000-?10,000 monthly stipends with opportunity for future scientist recruitment.
DRDO (Defense Research and Development Organization) recruits M.Sc Physics graduates through CEPTAM examinations or GATE scores for roles involving defense technology, weapon systems, and laser physics research. ISRO (Indian Space Research Organisation) regularly advertises scientist/engineer positions through competitive recruitment for candidates with strong physics backgrounds, offering opportunities in satellite technology and space science applications.
Other significant employers include the Indian Meteorological Department (IMD) recruiting as scientific officers, and NPCIL (Nuclear Power Corporation of India Limited), offering stable government service with competitive compensation packages exceeding ?8-12 LPA for scientists.
Alternate Career Pathways: UPSC, CDS, and AFCAT: UPSC Civil Services (IFS - Indian Forest Service): M.Sc Physics graduates qualify for UPSC Civil Services examinations, with the forest service offering opportunities for science-based administrative roles with potential to reach senior government positions.
CDS/AFCAT (Armed Forces): While AFCAT meteorology branches specifically require "B.Sc with Maths & Physics with 60% minimum marks," the technical branches (Aeronautical Engineering and Ground Duty Technical roles) require graduation/integrated postgraduation in Engineering/Technology. An M.Sc Physics integrates well with technical qualifications, though you would need engineering background for direct officer entry. However, you remain eligible for specialized technical interviews if applying through alternate defence channels.
UGC-NET Examination: This pathway leads to Assistant Professor positions in central universities and colleges across India. NET-qualified candidates receive scholarships of ?31,000/month for 2-year JRF positions with PhD pursuit, transitioning to Assistant Professor salaries of ?41,000/month in government institutions. This route provides long-term academic career security with research opportunities.
Private Sector Technical Roles
M.Sc Physics graduates are increasingly valued in data science, software engineering, and technical consulting. Companies actively recruit physics graduates for software development, where strong problem-solving and logical reasoning translate to competitive packages of ?10-20 LPA. Specialized domains including quantum computing development, financial modeling, and scientific computing offer premium compensation. Your minor in Scientific Computing makes you particularly attractive to technology companies requiring computational expertise.
International Opportunities and Higher Studies Abroad
An M.Sc from Amrita facilitates admission to PhD programs at international institutions. German universities offer tuition-free or low-fee MSc Physics programs (2 years) with scholarships like DAAD providing €850+ monthly stipends. US universities accept M.Sc graduates directly for PhD positions with full funding (tuition coverage + stipend). These pathways require GRE scores and strong Statement of Purpose articulating research interests. Research collaboration opportunities exist with Max Planck Institute (Germany) and CalTech Summer Research Program (USA), both welcoming Indian M.Sc students.
Essential Skills and Certifications to Develop Immediately: Programming Languages: Start learning Python immediately—it's universally used in research and industry. Dedicate 2-3 hours weekly to data analysis, scientific computing libraries (NumPy, SciPy, Pandas), and machine learning fundamentals. MATLAB is equally critical for physics applications, particularly numerical simulations and data visualization. Aim to complete MATLAB certification courses within your first year.
Research Tools: Learn Git/version control, LaTeX for scientific documentation, and data analysis frameworks. These skills are indispensable for publishing research papers and collaborating on projects.
Certifications Worth Pursuing: (1) MATLAB Certification (DIYguru or MathWorks official courses) (2) Python for Data Science (complete certificate programs from platforms like Coursera) (3) Machine Learning Fundamentals (for expanding technical versatility) & (4) Scientific Communication and Technical Writing (develop through departmental workshops)
Strategic Internship Planning: Leverage Amrita's research connections systematically. In your third year, apply to BARC Summer Internship, IISER Internships, TIFR Summer Fellowships, and IIT Internship programs (like IIT Kanpur SURGE). These expose you to frontier research while establishing connections for future PhD or scientist recruitment. Target 2-3 research internships across different specializations to develop versatility.

TO SUM UP, Your Integrated M.Sc Physics degree from Amrita positions you exceptionally well for competitive research careers at IISc/IITs, prestigious government scientist roles at BARC/DRDO/ISRO, and international PhD opportunities. The program's scientific computing emphasis differentiates you in the job market. Immediate priorities: (1) Master Python and MATLAB within the first two years; (2) Engage in research projects starting year 2-3; (3) Target internships at premiere research institutions; (4) Prepare GATE while completing your degree for maximum flexibility in recruitment; (5) Consider UGC-NET for long-term academic stability. Your career trajectory will ultimately depend on developing strong research fundamentals, demonstrating consistent excellence in specialization areas, and strategically selecting internship and research opportunities. The rigorous Amrita program combined with disciplined skill development positions you for exceptional career success across multiple sectors. Choose the most suitable option for you out of the various options available mentioned above. All the BEST for Your Prosperous Future!

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Asked on - Dec 07, 2025 | Answered on Dec 07, 2025
Thankyou
Ans: Welcome Sree.

...Read more

Ramalingam

Ramalingam Kalirajan  |10872 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Dec 06, 2025

Asked by Anonymous - Dec 06, 2025Hindi
Money
Dear Sir/Ma'am, I need some guidance and advice for continuing my mutual fund investments. I am a 36 year old male, married, no kids yet and no debts/liabilities as such. I have couple of savings in PPF, NPS, Emergency funds and long term investing in direct stocks. I recently started below mentioned SIPs for long term to grow wealth. Request you to review the same and let me know if I should continue with the SIPs or need to rationalize. Kindly also advice on how to invest a lumpsum amount of around 6lacs. invesco small cap 2000 motilal oswal midcap 2700 parag parikh flexicap 3000 HDFC flexicap 3100 ICICI prudential largecap 3100 HDFC large and midcap 3100 HDFC gold etf FOF 2000 ICICI Pru equity and debt fund 3000 HDFC balanced advantage fund 3000 nippon india silver etf FOF 2000
Ans: You already built a solid foundation. Many investors delay planning. But you started early at 36. That gives you a strong advantage. You have no liabilities. You have long term thinking. You also have diversified savings like PPF, NPS, Emergency funds and direct stocks. That shows clarity and discipline. This approach builds wealth with less stress over time.

You also started systematic investments in equity funds. That is a positive step. Your selection covers multiple categories like large cap, mid cap, small cap, flexi cap, hybrid and precious metals. So the intent is right. You are trying to create a broad portfolio. That gives balance.

» Your Portfolio Composition Understanding
Your current SIP list includes:

Small cap

Mid cap

Flexi cap

Large cap

Large and mid cap

Hybrid category

Gold and Silver FoF

Equity and Debt allocation fund

Dynamic hybrid fund

This shows you are trying to cover many segments. But too many categories can create overlap. When there is overlap, you get confusion during review. It also makes portfolio discipline difficult. You may think you are diversified. But the holdings inside may repeat. That reduces efficiency.

Your portfolio now looks like:

Equity dominant

Hybrid for stability

Metals for hedge

So the broad direction is fine. But simplifying helps in long-term habit building.

» Fund Category Duplication
You hold:

Two flexi cap funds

One large and mid cap fund

One pure large cap fund

One mid cap fund

One small cap fund

Flexi cap funds already invest across large, mid, small. Then large and mid also overlaps. So the large cap exposure gets repeated. That may not add extra benefit. But it increases monitoring complexity.

So I suggest rationalising. Keep one fund per category in core. Keep satellite space for only high conviction.

» Core and Satellite Strategy
A structured portfolio follows core and satellite method.

Core portfolio should be:

Simple

Long term

Stable

Satellite portfolio can be:

High growth

Concentrated

Based on your thinking level, you can structure like this:

Core funds:

One large cap

One flexi cap

One hybrid equity and debt fund

One balanced advantage type fund

Satellite funds:

One mid cap

One small cap

One metal allocation if needed

This division gives clarity. You can continue SIPs with review every year. No need to stop and restart often. That reduces behavioural mistakes.

» Your Current SIP List Review with Suggested Streamlining

You can consider continuing:

One flexi cap

One large cap

One mid cap

One small cap

One balanced advantage

One equity and debt hybrid

You may reconsider keeping both flexi caps and both gold silver funds. One of each category is enough. Because too many funds do not increase returns. It complicates tracking.

Precious metal funds should not be more than 5 to 7 percent in your portfolio. This is because metals are hedge assets. They do not create compounding like equity. They act as protection during cycles. So keep them small.

» How to Use the Rs 6 Lakh Lump Sum
You asked about lump sum investing. This is important. Lump sum should not go fully into equity at one time. Markets move in cycles. So use a staggered method. You can invest the lump sum through STP (Systematic Transfer Plan). You can keep the amount in a liquid fund and set STP toward your chosen growth funds over 6 to 12 months.

This reduces timing risk. It also creates discipline. So your Rs 6 lakh can be deployed gradually. You may use 50% towards core equity funds and 30% toward satellite growth category. The remaining 20% can go into hybrid category. This gives balance and comfort.

» Regular Funds Over Direct Funds
One important point many investors miss. Direct funds look cheaper. But they demand deep knowledge, discipline, and behaviour control. Most investors lose more through emotional selling and wrong timing than they save on expense ratio.

With regular funds through a Mutual Fund Distributor with Certified Financial Planner qualification, you get guidance, structure and correction. The advisory discipline protects you during market extremes. That is more valuable than a small saving in expense ratio.

A personalised planner also tracks portfolio drift, rebalancing need and category shifts. So regular fund investing gives long-term benefit and behaviour coaching.

» Actively Managed Funds over Index or ETF
Some investors choose index funds or ETF thinking they are simple and cheap. But they ignore drawbacks.

Index funds or ETF will not avoid weak companies in the index. They will invest whether the company grows or struggles. There is no fund manager decision making. So when markets are at peak, index funds continue aggressive exposure. In downturns also they fall fully. There is no cushion.

Actively managed funds work with research teams. They can avoid bad sectors. They can shift allocation based on market and economy. Over long term, this gives better alpha and stability. So continuing with actively managed funds creates better wealth compounding.

» SIP Continuation Strategy
Once the rationalisation is done, continue SIPs every month without interruption. Pause and restart behaviour damages compounding power. SIP works best when you go through all market cycles. You benefit more during corrections because cost averaging works.

So continue SIP amount. You can also review SIP increase every year based on income. Increasing SIP by 10 to 15 percent every year helps you reach large corpus faster.

» Asset Allocation Based Approach
One key point in wealth creation is having the right asset mix. Equity gives growth. Hybrid gives balance. Metals give hedge. Debt gives safety. Your asset allocation should stay aligned to your risk profile and time horizon.

Since you are young and have long term horizon, higher equity allocation is fine. But as time moves, rebalancing is important. Rebalancing protects gains and restores allocation.

So review your asset allocation every year or during major life events like child birth, home buying or retirement planning.

» Behaviour Management
Many portfolios fail not due to bad funds. They fail due to bad decisions. Selling during correction. Stopping SIP when market falls. Chasing past return performance. These mistakes reduce wealth.

Your discipline so far is good. Continue to stay patient during volatility. Equity rewards patience and time.

» Financial Goals Clarity
Since you have no children now, you can decide your long-term goals. Typical goals may include:

Retirement

Future child education

Dream lifestyle purchase

Health care reserves

When goals are clear, investment purpose becomes stronger. So you can map each fund category to goal horizon. Short-term goals should not use equity. Long-term goals should use equity with hybrid support.

» Role of Review and Monitoring
Review once in a year is enough. Frequent review can create anxiety. Annual review helps check:

Fund performance

Expense drift

Category relevance

Allocation balance

Then adjust only if needed. This progress helps you stay confident and aligned.

» Taxation Awareness
Equity mutual funds taxation rules are:

Short term (below one year holding) taxable at 20 percent

Long term (above one year holding) gains above Rs 1.25 lakh taxable at 12.5 percent

Debt mutual funds are taxed as per your income slab.

So always hold equity funds for long term. That reduces tax impact and gives better growth.

» SIP Increase Plan
You can create a simple plan to increase SIP over time. For example:

Increase SIP at every salary increment

Increase SIP during bonus time

Use rewards or extra income for investing

This habit accelerates wealth. So by the time you reach 45 to 50 years, your investments could reach a strong level.

» Insurance and Protection
Before investing large, ensure you have term insurance and health insurance. If not already done, it is important. Insurance protects wealth. Without insurance, even a small medical event can impact investment plan. So review this part also. Since you are married, cover both.

» Wealth Behaviour Mindset
You are already disciplined. Just keep these simple principles:

Invest without stopping

Review once a year

Avoid funds overlap

Follow asset allocation

Avoid reacting to media noise

This helps you reach long term milestones.

» Finally
You are on the right track. Only fine tuning and simplification is needed. Your discipline is visible. Your portfolio will grow well with structure, patience and periodic review. Use the Rs 6 lakh with STP approach. And continue SIP with rationalised categories.

With time and consistency, wealth creation becomes effortless and peaceful. You just need to stay committed and avoid overthinking during market movements.

Best Regards,
K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

...Read more

Dr Dipankar

Dr Dipankar Dutta  |1837 Answers  |Ask -

Tech Careers and Skill Development Expert - Answered on Dec 05, 2025

Career
Dear Sir, I did my BTech from a normal engineering college not very famous. The teaching was not great and hence i did not study well. I tried my best to learn coding including all the technologies like html,css,javascript,react js,dba,php because i wanted to be a web developer But nothing seem to enter my head except html and css. I don't understand a language which has more complexities. Is it because of my lack of experience or not devoting enough time. I am not sure. I did many courses online and tried to do diplomas also abroad which i passed somehow. I recently joined android development course because i like apps but the teaching was so fast that i could not memorize anything. There was no time to even take notes down. During the course i did assignments and understood the code because i have to pass but after the course is over i tend to forget everything. I attempted a lot of interviews. Some of them i even got but could not perform well so they let me go. Now due to the AI booming and job markets in a bad shape i am re-thinking whether to keep studying or whether its just time waste. Since 3 years i am doing labour type of jobs which does not yield anything to me for survival and to pay my expenses. I have the quest to learn everything but as soon as i sit in front of the computer i listen to music or read something else. What should i do to stay more focused? What should i do to make myself believe confident. Is there still scope of IT in todays world? Kindly advise.
Ans: Your story does not show failure.
It shows persistence, effort, and desire to improve.

Most people give up.
You didn’t.
That means you will succeed — but with the right method, not the old one.

...Read more

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