Love vs. Family: Should I Leave My Girlfriend Who Doesn't Respect My Family?

Ans: First let me know what you want to be. If you wants to be a school teacher then no short term course is required.

Ans: No

Ans: I won't recommend any coaching institute, because being a counsellor I can't recommend any particular class. But I would suggest not to send her to KOTA, local class will be more than enough. Already she scored 80 percentile. With one year drop even she tries hard without any coaching class she will easily score 90+ percentile. Best of luck. Professor

Ans: Regarding SRM I won't comment, but if you are not confident then take a drop and prepare for JEE Mains. Best of luck. Professor

Ans: Just apply for any branch in very low ranked NITs and IIITs.

Ans: IIIT-H, for DASA admissions, considers only the 12th-class board exam marks, not dual marksheets from two different boards. If a candidate qualifies for admission through both the BOARDS channel and the UGEE channel, they will be interviewed by the UGEE panel and considered for all listed programs.
For DASA admissions, IIIT-H requires SAT scores to be mandatory. Applicants should have a minimum SAT score of 1070 (out of 1600). Super scores in SAT are accepted, meaning the highest score from each section will be considered. All test scores must be reported directly to IIIT-H by the College Board. Additionally, applicants must have completed their Senior Secondary (10+2) or equivalent with Mathematics, Physics, and one of the following: Chemistry, Bio-technology, Computer Science, or Biology, with at least 75% marks (or a CGPA of 7.5 out of 10).

Ans: Hello Dear.
Do you wish to go with an institute or wish to build a career in an interesting field/branch? Both branches have different roles. First, choose the branch and then decide on the institution. But yet to suggest, go with Civil @ MANIT.
Follow me if you like the reply. Thanks
Radheshyam

Ans: You are 53 years old and working in a private company.

   

Your take-home salary is about Rs.2.20 lakh per month.

   

Your wife is a homemaker. You are the only earning member.

   

Your son has completed B.Tech and is job-hunting now.

   

You have 4 houses with a total value of about Rs.4 crore.

   

Your rental income is Rs.30,000 per month from these properties.

   

You recently bought a house for Rs.1.20 crore from your own money.

   

You are rebuilding the new house. It will cost you another Rs.60 lakh.

   

You plan to spend about Rs.30 lakh on your son’s marriage in 3–4 years.

   

You have Rs.2 crore in Fixed Deposits.

   

Your mutual fund and stock portfolio is Rs.5 lakh.

   

Your PPF balance is Rs.45 lakh, maturing in April 2028.

   

You have Rs.80 lakh worth of gold jewellery.

   

You have health insurance for the family worth Rs.7 lakh.

   

You do not have any life insurance policies currently.

   Immediate Financial Priorities
You are going to spend Rs.60 lakh soon on house construction.

   

You will also spend Rs.30 lakh on your son's marriage after 3–4 years.

   

These are significant cash outflows. They need proper planning.

   

It is better to separate your funds for these purposes now itself.

   

Keep Rs.60 lakh in a liquid debt fund or sweep-in FD. Use it only for construction.

   

For son’s marriage, keep Rs.30 lakh in a short-term debt mutual fund.

   


This ensures you do not disturb other savings or investments later.

Insurance Planning – Health and Life
You have Rs.7 lakh health cover for the whole family.

   

This is slightly low for your age and family size.

   

Increase it to at least Rs.15–20 lakh by adding a super top-up plan.

   

No life insurance is okay if you have enough assets.

   

But if your son is still dependent, buy a term insurance for the next 5 years.

   

Do not buy traditional or ULIP-based plans. They are not wealth creators.

   

Term insurance gives high cover at low premium.

   

Asset Assessment and Distribution
You have built a strong asset base. Let us analyse your assets:

   

Real estate value – Rs.4 crore (excluding the new one under construction)

   

Jewels – Rs.80 lakh (good, but not ideal as investment)

   

Fixed Deposits – Rs.2 crore (excellent liquidity, but tax-inefficient)

   

PPF – Rs.45 lakh (safe and tax-free, maturing in 2028)

   

Mutual funds and shares – Rs.5 lakh (very low for your profile)

   

Your total net worth is around Rs.7.3 crore (excluding the house under construction).

   

This is a strong position.

   

However, wealth distribution is skewed towards real estate and FDs.

   

This affects liquidity and long-term growth.

   

Key Observations and Financial Insights
Rental yield on real estate is low. You get Rs.30,000 per month from Rs.4 crore.

   

That’s just 0.75% annually. This is not efficient.

   

Real estate is illiquid and involves maintenance, taxes, and risk.

   

Your FD returns are taxable as per your income slab.

   

This reduces your post-tax returns considerably.

   

You are underinvested in mutual funds and equities.

   

Equity is needed to beat inflation in retirement years.

   

Your PPF maturity is 3 years away. That is well-timed for retirement use.

   

Mutual Fund Investing Strategy
You should start shifting a part of your FD money to mutual funds.

   

You can start with hybrid funds for lower risk and steady growth.

   

Do not go for index funds. They work without active management.

   

In index funds, you must monitor and rebalance yourself.

   

Index funds follow market. They don’t protect capital in down times.

   

Actively managed funds have professional handling by experts.

   

They aim to outperform the market with proper asset selection.

   

Choose regular plans via an MFD with Certified Financial Planner support.

   

Regular plans may have slightly higher cost, but offer better service and guidance.

   

Direct funds offer no review, no support, no adjustments.

   

That can affect your long-term growth and confidence.

   

Retirement Readiness Assessment
You want to know when you can retire peacefully.

   

Your monthly expense needs to be estimated.

   

Let’s assume a post-retirement spending of Rs.75,000 per month.

   

That’s Rs.9 lakh per year. Inflation will increase this every year.

   

You need a retirement corpus that can grow and give income.

   

You should not depend on real estate or jewellery for monthly cash.

   

FD interest is not enough to beat inflation. Also, it is taxable.

   

You need mutual funds to give inflation-beating returns.

   

Step-by-Step Retirement Preparation Plan
Step 1: Keep Rs.60 lakh separate for house construction now.

   

Step 2: Park Rs.30 lakh in short-term debt fund for son’s marriage.

   

Step 3: Increase health insurance to Rs.15–20 lakh using super top-up.

   

Step 4: Use Rs.75 lakh from FDs to start mutual fund investments.

   

Step 5: Continue with small SIPs also. They help build long-term discipline.

   

Step 6: Keep Rs.25 lakh in FD as emergency buffer.

   

Step 7: After your house is built, evaluate whether to sell any other house.

   

Step 8: If needed, sell one underperforming rental property after 5 years.

   

Step 9: Use that to top up mutual funds for retirement.

   

Retirement Age Estimation
With good planning, you can retire by 58 years.

   

If you reduce expenses, then retirement at 56 is also possible.

   

You don’t have to wait till 60, unless your son remains financially dependent.

   

At 58, your PPF will mature. That gives Rs.45 lakh in hand.

   

You can use that money to create a Systematic Withdrawal Plan (SWP).

   

SWP from mutual funds gives monthly income with better taxation.

   

You also have gold and property for backup, but don’t depend on them for monthly cash.

   

Plan your retirement with mutual funds as the main growth engine.

   

Finally
You are financially strong. You’ve built wealth with discipline.

   

But the asset mix needs rebalancing.

   

Avoid further investment in real estate.

   

Don’t increase FD amount. Shift some to mutual funds.

   

Keep emergency fund, marriage, and construction money separate.

   

Do not invest in index funds or direct funds. They are not suitable now.

   

Go with actively managed funds through regular plans.

   

Get guidance from an MFD with Certified Financial Planner qualification.

   

You can comfortably retire in 3–5 years with proper steps.

   

You’ve done well. Stay consistent. Avoid emotional money decisions.

   

Your retirement can be peaceful, purposeful, and independent.

   

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

Ans: Your current financial standing reflects disciplined planning and a proactive approach towards debt management and investments. Let's delve into a comprehensive analysis to guide your decision on whether to prepay your home loan or continue with your current strategy.
Your Current Financial Picture
Your Age: 45 years

Home Loan Outstanding: Rs. 16 lakh

Home Loan EMI: Rs. 16,700 per month (52 months left)

Top-up Loan Outstanding: Rs. 23 lakh

Top-up Loan EMI: Rs. 35,000 per month (93 months left)

Considering New Top-up Loan: Rs. 25 lakh

Your Goal: Close all loans within the next 5 years

Understanding Your Core Objective
Your goal to become debt-free in 5 years is bold and focused.

Planning is the key to achieve this without hurting your other financial goals.

The idea of taking a new top-up loan needs careful assessment.

Should You Take a New Top-Up Loan?
Taking a Rs. 25 lakh top-up will increase your monthly EMI load.

It can increase your financial stress and delay complete loan closure.

Top-up loans might come at a higher interest rate.

Avoid new debt unless absolutely needed for urgent purposes.

You should first assess why you need this extra loan.

If it is for consumption or regular needs, avoid it completely.

If it is for repaying another higher-cost loan, evaluate alternatives.

Evaluate Home Loan Prepayment
Loans are useful, but they carry interest which eats into your savings.

Closing loans early helps save big on interest.

You can pay small extra amounts every year to reduce tenure.

Focus on the loan with the highest interest and longest tenure.

Your top-up loan of Rs. 23 lakh with 93 months should be the first priority.

Re-structure EMIs Instead of Top-Up
Avoid taking a fresh Rs. 25 lakh loan.

Instead, consider restructuring your current EMIs if income flow is tight.

Some banks allow step-up EMI or tenure adjustment.

It will keep your total loan under control.

Discuss this clearly with your lender before acting.

Smart Loan Repayment Strategy (Next 5 Years Plan)
Aim to repay the top-up loan faster using extra income or annual bonus.

Try part payments every 6 months or once a year.

Avoid touching emergency funds or retirement funds.

Control new expenses to free more cash towards debt.

You can cut expenses that are not urgent for next 2 years.

Avoid buying new car, gadgets, or travel on EMIs.

Investment vs Loan Repayment – Which is Better Now?
If your investments give lower returns than loan interest, focus on repayment.

If your mutual funds are earning 9%, and your loan is 8%, you can balance.

But most importantly, check your risk capacity before investing more.

Do not invest heavily in share market if debt is very high.

Emergency situations can create problems if you are over-invested.

Use a slow and steady approach – part prepay, part invest.

Avoid stopping all investments – keep a minimum SIP running.

Maintain Emergency & Insurance Before Prepayment
Always keep 6 months’ household expenses in liquid form.

Don’t touch emergency funds to prepay loans.

Make sure you and your family have sufficient health insurance cover.

Also check if you have a term life cover of 10–15 times your annual income.

Loan repayment is good, but not at the cost of security.

What About Mutual Fund Investing?
If you have SIPs, continue them in small amounts.

Don’t stop all long-term investments for repaying loans.

Mutual funds give better long-term returns if held for 7+ years.

But stay away from index funds if you are not tracking them well.

Actively managed mutual funds handled by Certified Financial Planners give better risk-adjusted returns.

Direct mutual funds look cheap, but lack ongoing support.

Investing through MFDs with CFP background ensures long-term advice.

You get portfolio review, tax support, and goal-based adjustments.

Avoid direct funds unless you have full time to track, review, and rebalance.

Don’t Touch Long-Term Investments or Retirement Corpus
PPF, EPF, NPS, or other long-term products should not be withdrawn now.

If you use these to repay loan, you hurt your retirement peace.

Future corpus will be small, and you may depend again on loans.

Treat long-term savings as non-touchable.

Build short-term cash surplus from salary or business profit.

5-Year Practical Action Plan
Year 1–2: Avoid new loans. Start part-prepaying the 23L top-up loan.

Year 2–3: Increase EMI or part-payment on 16L home loan if top-up balance reduces.

Year 3–4: Reduce lifestyle costs. Channel savings towards both loans.

Year 4–5: Close the bigger loan. Wind up the smaller loan fully.

Post 5 Years: Loan-free life. Full focus on investments and retirement planning.

Mental Peace and Confidence
Being debt-free gives freedom and strong peace of mind.

Avoid the trap of more top-up loans. It delays financial independence.

Plan well and stay consistent in actions.

You don’t have to be fast. You have to be disciplined.

Even one prepayment each year will reduce years off your loan.

You are only 45. Still 15 years to build wealth peacefully.

Don’t rush. But don’t delay either.

Finally
Taking a top-up of Rs. 25 lakh now will increase debt pressure.

Instead, reduce existing loans with regular part-payments.

Maintain health and life insurance covers.

Continue small investments to build long-term wealth.

Avoid emotional financial decisions.

Balance repayment, savings, and investment step by step.

With a proper 5-year plan, you can close all loans without any extra stress.

You will then enter your 50s debt-free and wealth-focused.

That will give peace, pride, and protection to your entire family.

Best Regards,
K. Ramalingam, MBA, CFP
Chief Financial Planner

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