Hi Anu,I am 42 year old male and have been separated from marital relationship and i don't have children,since 13 years and living alone where my father and mother had passed away few years ago.I was searching for brides profile from matrimony websites and found a widowed woman who is selfemployed. I called and talked her. she is equivalent of my age.She has one son aged of 24.I was willing to marry her but she does not want to marry anybody rather she expressed her interest and consent to live in a cohabitation(Living together relationship).(She said that her son is a grown up boy and preparing for competitive exams and she loves him a lot,She added that it is not possible to convince him for marrying another person.I accepted it and said ok. Later on we had date and moved on.Whenever she come for a date she asks me to spend and buy apparels,asking me to recharge mobile,asking me to buy provisions ,watches and to pay water taxes of her house.I did it without hesitation and she asks me for gold ring and ear-studs.She is not having contentment and i feel that she is greedy and she does not shows any form of courtesy towards me and further she did not spend even a single rupee for me .I am worried that she is exploiting me.I was wondered and shocked that during a little discussion with her she said that she could move away from me at any point of time if she finds any other person whom she likes her.I was dejected.I said that i am not your Money wallet to swindle me.I am not ready to spend money to a girl who informs me that she will be leaving from me.I scolded her. Even when have planned to marry at that time the woman asks me that whether i am a dominating person and asking about the details of my earlier marriage and testing about my genuinity. Now the relationship has broken between us and i am very much worried that whether i have taken a correct decision or not from stepping away from her because whenever i like to see her she ask me to make surprises for her.In turn no love and affection is being received from her. Kindly advice me that whether i have taken correct decision from quitting her relationship or i have hurried a lot by taken a wrong decision. Please advice and guide me and do the needful in this regard.

Ans: Investment should be as per your goal you can convert your FD in a balanced mutual fund called equity hybrid funds or a multi asset fund

Ans: Since you are young there is no reason to keep money in fixed deposit, convert it into equity mutual funds ans since you earn 5.5 to 6 lakh a month you can start SIP in mutual funds

Ans: Start investing in equity mutual funds through monthly investment called systematic investment plan

Ans: What is your monthly expense ? What for you have taken loan ?

Ans: Hello

Life is all about juggling multiple balls... however there are some which takes higher priority.

Between family matters and career suggest you discuss your career situation with family and seek their support in understanding your challenges. Inam sure they will look at things from your perspective as well.

At 28 you are too young to have this kind of stress as you have just started your career. While at times situation may seem tough but then we all have to walk that phase...hold on...be strong... believe in yourself.

All the best.

Ans: Hello

I can understand your predicament...

Suggest you do an assessment exercise of pros and cons of govt job vs private sector job and discuss the se with your family. May be they will change their perspective or you will get different perspective.

At 27 you are too young to have this kind of stress as you have just started your career. You have life ahead to kiss the world...don't lose heart, believe in yourself...You will do great.

All the best

Ans: Transitioning to freelance work as a food industry auditor can offer you flexibility and autonomy in your career. Evaluate your qualifications, experience, and skills in food technology, quality assurance, and auditing. Identify areas where you have expertise and experience that are valuable to potential clients in the food industry. Familiarize yourself with the requirements and standards for food auditing, including regulatory requirements, industry standards (such as ISO 22000, HACCP), and customer specifications. Understand the auditing process, documentation requirements, and audit protocols. Consider obtaining relevant certifications or training in food safety auditing, such as Certified Food Safety Auditor (CFSA), Lead Auditor Training, or other accredited programs. These credentials can enhance your credibility and qualifications as a freelancer. Network with professionals in the food industry, including food manufacturers, suppliers, distributors, and regulatory agencies. Attend industry conferences, seminars, and networking events to connect with potential clients and collaborators. Determine the specific services you will offer as a food industry auditor, such as food safety audits, quality management system audits, regulatory compliance assessments, or supplier audits. Identify your target market, including food manufacturers, processors, retailers, or food service providers. Develop a professional brand identity for your freelance auditing services, including a business name, logo, website, and marketing materials. Highlight your expertise, qualifications, and unique value proposition to attract potential clients. Determine your pricing structure based on factors such as the complexity of audits, scope of services, and industry standards. Establish clear policies regarding payment terms, project timelines, and confidentiality agreements to protect both your interests and those of your clients. Promote your freelance auditing services through online channels, social media platforms, industry forums, and professional associations. Create content related to food safety, quality assurance, and auditing best practices to showcase your expertise and attract potential clients. Cultivate relationships with potential clients by offering value-added services, such as training, consulting, or ongoing support. Build trust and credibility through transparent communication, professional conduct, and delivering high-quality audit reports and recommendations. Establish systems and processes for managing your freelance business, including client communication, project management, invoicing, and record-keeping. Prioritize time management and organization to balance your freelance work effectively. 

Keep learning, networking, and refining your approach to meet the needs of your clients and achieve your professional goals as a freelancer.

Ans: Congratulations on your early retirement! It sounds like you've made some good initial decisions, but there's definitely room for improvement to secure your family's future, especially considering your dependents. Here's how you can optimize your investments:

Reduce Risk in Short-Term Equity Trading:

While a ?2 lakh monthly gain from short-term trading sounds impressive, it's a very risky strategy. The market can be volatile, and these gains may not be sustainable. Consider allocating a much smaller portion (maybe 10-20%) to short-term trading and focus on more stable options for the majority of your investable assets (?60 lakh currently in trading).
Focus on Long-Term Growth and Stability:

Increase Investment in ELSS: ?7 lakh is a good start, but for your daughter's education and your retirement needs, you'll likely need a much larger corpus. Consider increasing your SIP amount in ELSS or similar diversified equity mutual funds with a long-term horizon (10+ years).
Explore Debt Options for Regular Income:

You mentioned having a dependent mother and daughter's education to plan for. Consider investing a portion (maybe 20-30%) of your investable amount in safer debt options like Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS) for your mother (if she's above 60), or fixed deposits to generate a regular income stream.
Plan for Daughter's Education:

Doctorate studies can be expensive. Start an SIP in a dedicated child education plan or invest in aggressive equity funds specifically for this goal. Talk to a Certfied Financial Planner for personalized recommendations based on the estimated cost of medical education.
Utilize Your Apartment:

While your apartment fulfills your housing needs, consider if it could generate additional income. Explore options like renting a room if feasible.
Seek Professional Guidance:

Given your multiple financial goals and risk tolerance, consulting a Certified Financial Planner (CFP) can be highly beneficial. They can create a personalized investment plan considering your risk appetite, time horizon, and financial goals.

Ans: It's never too late to start saving for retirement, and kudos to you for taking this important step at 34! Here's how to get on track:

1. Assess your situation:

Track your expenses: For a month, track where your money goes. This will help identify areas to cut back and free up savings.
Emergency fund: Aim for 3-6 months of living expenses in an easily accessible savings account for emergencies.
2. Start saving:

Automated savings: Set up a Systematic Investment Plan (SIP) in a mutual fund. Start small, even with ?1,000 per month, and gradually increase as you get comfortable.
3. Retirement plan:

Employer benefits: Check if your employer offers a retirement plan like a Provident Fund (PF). Contribute the maximum allowed for tax benefits and long-term savings.
Individual options: Explore options like National Pension System (NPS) or Equity Linked Savings Schemes (ELSS) for long-term growth. Talk to a Registered Investment Advisor (RIA) for personalized advice based on your risk tolerance and goals.
Here's a breakdown based on your income:

You mentioned an average annual income of ?40 lakhs. Aim to save at least 10-15% of your income, which translates to ?4,000-?6,000 per month.
Remember: Consistency is key! Starting early, even with a small amount, allows time for your savings to grow through the power of compounding. Don't be discouraged if you can't save a lot initially. Every little bit counts!