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Anu

Anu Krishna  |1293 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 06, 2020

Anu Krishna is a mind coach and relationship expert.
The co-founder of Unfear Changemakers LLP, she has received her neuro linguistic programming training from National Federation of NeuroLinguistic Programming, USA, and her energy work specialisation from the Institute for Inner Studies, Manila.
She is an executive member of the Indian Association of Adolescent Health.... more
S Question by S on Oct 06, 2020Hindi
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Relationship

Hi Anu, I am 42 yrs old male. I am a Public Health Professional and work in an International NGO on health issues based in Delhi.

I have ageing parents (both suffering from cardiac illness, diabetes and hypertension) which are based in Mumbai, my immediate family (wife and two kids) stays with my parents as there is no one else to take care of them.

My parents especially my father is adamant that he doesn’t want to leave his house and stay with me in Delhi.

As a result my immediate family is also forced to stay in Mumbai taking care of my parents.

My wife is very supportive, however as this situation is like this since last 4-5 years and we are staying in two different cities, it has now taking stall at emotionally and physically on both of us (me, my wife and my two kids).

I am desperately searching for job in Mumbai, however in my sector there are not very good opportunities in Mumbai.

I tried my hands in two there places for job, however to my misfortune things didnt work out.

I am a mid-senior level professional and have reached this position after a lot of hard work, however the stress has started affecting my performance and overall reputation in the organization.

Hence there is constant stress of performance, ability to deliver, overall situation has lowered my confidence level affecting my work further.

Dissatisfied with my work, my supervisor has already started sidelining me. I am desperately started thinking of leaving the job, however financial condition doesn’t allow me to do that.

With COVID-19 pandemic things has worsened, as I am stuck in Delhi even in lockdown, leaving my parents and my wife struggling in Mumbai amidst the lockdown.

Even now cant visit them as stressed, whether i will carry risk of infection to my parents, wife and kids, Hence staying away, it’s been 8 months that have not met them.

Not sure, how to handle this. One way I thought as looking out opportunities in Mumbai, even if at junior level, However i am trying for that, but not getting suitable opportunities.

Not sure, how to handle the pressures from family (Parents don't want to shift, wife is not ready to stay away and has given time till March, there constant pressure of performance). Not sure, what to do.

Ans: Dear S, surely, this pandemic has put many at inconvenience in different ways for each of us across the planet.

What we can do is make the best of what is at this point in time. It indeed is hard to be away from family at a time like this.

I know parents in some families do find it hard adjusting to a new city at their age and having your wife care for them as logical as the decision was has begun to take a toll on the family as a whole.

It is an amazing feeling to come back home to a family after a hard day’s work where they wait with love, care and support.

Either a job in Mumbai or moving your family to Delhi are the options as it is evident that family and their love is important for you to have the security and stability.

Having said this, Lockdown 5.0 begins soon, I think fearlessly take a call, visit your family.

If you think you want to isolate yourself in the fear of COVID-10, do so…but more that all of this, do sit down as a family, COMMUNICATE, talk to your parents about how this is affecting you and obviously they care and love you enough to hear your side of the story.

And finally, do what needs to be done to make sure that your parents understand and are taken care of and your wife and children are with you as a family.

Happy decision making and be happy!

You may like to see similar questions and answers below

Mayank

Mayank Rautela  | Answer  |Ask -

HR Expert - Answered on May 18, 2022

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Career
Dear Mayank Sir, I am facing a difficult problem both personally and professionally. Last year, I took the decision to move back home, which is in a small town, because both my parents had survived COVID but have been facing major health issues since then. I am their only child. As a result, I had to leave a job where my prospects were very good and I was enjoying my work very much. Also, I was living in a big city, independent of my parents whom I love very much. It is a struggle to be back at home with them. They still treat me like a small child with advice and questions at every step. Workwise too, the job is a huge stepdown and the money, though decent, is less that what I used to earn. Responsibilities and challenges, which I used to enjoy, are less too. I have to stay here for one more year at least before I can make plans to move out again. The stress from home is spilling out at my job and the irritation at work is spilling out at home. How do I handle this? Am going crazy. Please help.
Ans:

Hi.

I appreciate the fact that you sacrificed your job to take care of your parents.

Ideally, you should go back to a larger city and restart your career. I am sure your past employer would be open to taking you back.

If that is not possible, then you need to have a candid discussion with your parents and make them understand that their constant involvement in your life is not acceptable.

They may be doing it out of love but, since it is negatively impacting you, they need to give you space.

Please don’t change your job in your hometown as that will further complicate your situation.

 

..Read more

Anu

Anu Krishna  |1293 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Dec 14, 2022

Relationship
Hi, Sorry, my story is long.I'm 43 years old. My life's been on a crazy downside since the last 3 years. I lost my job a year before Covid. I worked with my last company for over 10 years. In my initial phase I developed and introduced a high-tech animated presentation that the sales team used. This gave my career a boost quickly and I got timely promotions, more responsibilities.I worked 12-18 hours on many occasions. When my boss came to know that my wife and I are going to have a baby, he even gave me an advance appraisal. From earning 3 lakhs a year, my last drawn salary was 21 lakhs a year.Things were going good until I was diagnosed with diabetes. It gave me a real scare and I started taking all the precautionary measures like timely food, timely workout and my focus on the job was only as much as it was needed. I couldn't go overboard working 12-18 hours like I used to. This didn't go down with many of my seniors and especially my boss.I remember, initially he gave me a long-term work from home opportunity. That too was going well but suddenly it was stopped as many colleagues started asking for the same and the company was not ready for this change on a large scale back then.By then the company had ventured into too many online businesses and verticals and they got me to hire 40-45 designers. Suddenly they realized that handling so many things wasn't working for them as the profit margins decreased. Now they wanted me to fire people on the basis of performance. Unwantedly I had to do that. Laying off people who were marginally falling short than others was bad.In between one of the incidents I saw my boss yell at me for no reason. He wanted the team to source a large number of images for the website. He had verbally asked me to utilize everyone on the floor to get the job done. Me being me, I wrote an e-mail officially assigning small tasks to a number of people on the floor. However there was no formal communication from the boss that gave me authority over others and to get others who were not a part of my team to get involved in that project. This was not an easy task as his perspective and other people's perspectives didn't match. The job went on slow and my boss got angry. He came to my cabin and gave me a big scare using foul language which must have been audible even outside to others. And mind you I was not at fault. This incident made me scared and doubtful of myself.I could never face my boss again. Whenever he was in office I would not come face to face with him. My interaction with him soon became zero. The appraisals were below par. The amount of work I used to get, got diverted to my juniors directly, bypassing me. And soon they asked to resign. I got 3 months compensation. But, after that, I couldn't really find another job as I feel I am not capable of handling stuff. I feel I will fail. I have tried to psyche myself into positivity but I can't.While I have noticed that as a freelancer, I have successfully handled many projects in the past 4 years and clients have been happy. It's only that I am very uncomfortable working in an office environment. That corporate culture for me is like a HORROR movie. Now the scenario is such that my projects in hand have reduced. I think I don't have the business acumen. It's becoming tougher to find new clients. I have applied to literally 1000 places but no one's taking the GAP in the jobs well. That's my guess. I'm more of a hands-on worker than a manager so I also applied for junior positions but I've had literally no luck.My wife has throughout these 4 years supported me and my freelance ventures. We have one kid who's 11 years old and can understand the situation even without us explaining it to him. When we got married, my mother-in-law was much older than my parents were, we decided to stay with her initially and it's been 14 years since we started staying here. We save on rent. Things were good when I had a well-paying job but now my wife's had to shell out a lot for the day-to-day expenses. Now, she keeps asking why I am unable to find a job. How much is she going to have to shell out? My savings have depleted, now hers too. I am ashamed of asking her to pay for stuff every month but my situation makes it compulsory. I have two loan EMIs, and our monthly expenses which we pay through credit card usually. But I don't have adequate income. Somehow, my wife thinks that the kind of lifestyle she has always led and what she has visualized is something she'll have to stick to. Even though we stay in a bungalow, the finances are not exactly alright. The colony where we live is full of crorepatis and my wife thinks that she has to maintain her lifestyle otherwise the kids outside will not be fair to our kid. They will tease him. The kids here are such that they compare a lot -- your house, my house, your car, my car etc.Of late we have been fighting a lot. She's always been stressed with my joblessness, my son's studies. She ends up scolding him too much and generally remains in a bad mood. I won't hide the fact that I have faced a lot of insults lately and some of them in front of my kid. Basically whenever my wife and I have an argument, she always ends it by mentioning the amount of money she has spent on the family and my joblessness. Add to it the fact that I am staying at her place. I can never have any further argument. It's like her Brahmastra.I used to be very patient when things were fine. Now, even I get agitated in no time. I'm one confused soul at the moment. I'm not outgoing, I'm very shy when it comes to new people. I've been watching a lot of videos about gaining self-confidence. But practical things do not really work out the way I think. My freelance venture failed. My e-commerce venture failed. Basically whatever I do, fails. It's that kind of a phase in my life when everything just goes wrong. I'm not a suicidal person and I want to spend a lot of time with my family yet. I'm just not sure now what to do. How to get my confidence back? Is there a thing called bad luck? Is this spiritual? Will things ever come back to normal?P.S. I have personally spoken to many people in my friends’ circle and clients circle and told them that I am looking for a job. Hoping that something materializes. But in the meantime, whatever I wrote above are things that I can't speak about to anyone.P.S.2 There's a pattern. My father was jobless after 40. So am I. He struggled a lot in his life and did whatever he could to give us the best. I'm trying hard too but I feel I am losing it. I don't want my child to face these kinds of things in his future. I hope this bad luck doesn't pass on.
Ans:

Dear R,

Let’s bring it down simply into Health, Work and Marriage. And of course, your added element of superstitions that aren’t helping anyway.

You were absolutely right in taking care of your health and reworking your work timings.

If the boss doesn’t care about that, well then you are stuck with a boss whose appraisal on you will be based on the number of hours v/s actual output of work.

I know you cannot choose your boss, but being led by someone like this isn’t going to let you grow either. So, whether you choose to work as a freelancer or within an office, do make sure that you are surrounded by people that can fuel your growth.

If that’s not possible always, work your mind to a point of strength where you hold fort and not allow yourself to be a pawn like you did with you boss.

With your personal story, your wife did support you when she did and maybe the lifestyle is something that is used to.

Isn’t it time for the two of you to actually talk about the future. Instead of allowing life to take you over, ever thought of setting a strong goal as a family where everyone is involved in each other’s success journey?

So, she perhaps does not understand what it means to still live with her mother, what it means for her to have a husband with a steady job, what it means to you to keep your health at its peak!

When you both don’t understand what things mean to each other, you will be caught in crossfires and not support one another. So TALK and COMMUNICATE. And if all superstitions were to be believed, we could hunt all the black cats down and hold them captives OR not walk outside for fear of them crossing our paths.

It’s just your mind mapping on this low phase into today.

What happened with your father and you repeating with you and your son becomes true only when you don’t take charge of your life now and do something different. So, think and act different and more usefully.

Create a better life. All the best!

..Read more

Latest Questions
Milind

Milind Vadjikar  |632 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 16, 2024

Asked by Anonymous - Nov 12, 2024Hindi
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Money
I am 40 year old with 1.5 lac salary and 1 crore in FD. Have a 8 year old son. Currently I don't have any EMI but I wish to buy new house of 2 crore with appx loan of 1 cr and remaining 1 cr by selling current house. Also I invest 60k in mutual funds. What can I do if I wish to retire at 45 years and still be able to pay emi using swp and FD income.
Ans: Hello;

General Comments:
People nowadays get carried away by FIRE(Financial independence retire early) fads on social media and go by thumb rules provided on SM for retirement corpus calculation.

Please consult a certified financial planner or a retirement advisor who can guide you on these matters professionally.

Specific comments:
Do your math. If you retire at 45 you have 35 years in retirement considering life expectancy of 80. What corpus would you need to fund:

1. Your inflation indexed retirement income
2. Impact on retirement income due to home loan EMI.
3. Separate provision for higher education of son

If doing 3% SWP can meet your monthly income requirements post-tax it is okay but If you are increasing SWP rate beyond 3% you run the risk of eating into your corpus during periods of flat or negative returns by your fund.

Also pure equity funds for SWP in retirement are a strict NO.

Only hybrid mutual funds such as equity savings or conservative hybrid funds may be suitable with moderate risk.

If your regular expenses are 50 K today they will be 90 K in 10 years, 1.6 L in 20 years time considering modest 6% inflation.

Your 60 K monthly sip if continued for 5 years may yield you a corpus of 50 L assuming modest return of 12% from pure equity mutual funds which could be earmarked for higher education of your son.

Do you have any EPF/NPS corpus?

Please confirm.

Thanks;

...Read more

Ramalingam

Ramalingam Kalirajan  |7029 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Nov 16, 2024

Asked by Anonymous - Nov 15, 2024Hindi
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Money
Sir, I had purchased kotak premier endowment plan in 2020. SI is 2.82 lakhs and annual premium is 32k. Premium payment term is 10 yrs and maturity term is 17 yrs. After having paid premium for 4 years, i am thinking to surrender the policy as it doesn't convince me anymore with its benefits. However, after paying Rs. 1.28 lakh premium over 4 years, surrender value is coming to Rs. 82k only. Should i continue with this policy or surrender and invest the amount anywhere else. Pls advise. Thanks
Ans: You purchased the Kotak Premier Endowment Plan in 2020. This plan combines insurance with savings. The sum assured is Rs. 2.82 lakhs, and the annual premium is Rs. 32,000.

You’ve already paid Rs. 1.28 lakhs over four years. The premium payment term is 10 years, and the maturity term is 17 years. The surrender value is currently Rs. 82,000, meaning a loss of Rs. 46,000.

Now, you are contemplating whether to continue with this plan or surrender and invest elsewhere.

Evaluating Endowment Plans
Endowment plans typically offer low returns compared to other investment options.
Most endowment plans have a return rate of 4-6%.
The main benefit is insurance coverage, which is often inadequate.
By continuing with this plan, your money may not grow significantly. It also locks your funds for a long period.

Advantages of Surrendering
By surrendering, you free up Rs. 82,000.
You stop further premium payments, avoiding additional allocation to a low-return product.
You can reallocate the funds to better-performing investment options.
Drawbacks of Surrendering
You lose Rs. 46,000 from the premiums paid so far.
Early surrender often results in reduced returns.
The plan’s long-term guaranteed returns will no longer apply.
Alternative Investments
If you surrender, the next step is reinvesting wisely.

Equity Mutual Funds: Offers long-term wealth creation. These funds outperform endowment plans in the long run.
Small-Cap Funds: For higher risk appetite, this can provide superior returns.
Debt Mutual Funds: Suitable for lower risk tolerance. Ideal for stable and predictable returns.
PPF (Public Provident Fund): A safe and tax-efficient option for long-term goals.
Benefits of Actively Managed Mutual Funds
Active funds often outperform benchmarks.
Professional fund managers actively monitor market opportunities.
You benefit from diversification and risk management.
Avoid direct funds unless you’re a seasoned investor. A Certified Financial Planner (CFP) or mutual fund distributor ensures better guidance.

Why Insurance Should Be Separate
Insurance-cum-investment plans like endowment are not ideal.
Term insurance offers high coverage at low costs.
Use the money saved from premiums for pure investments.
Tax Implications
Surrendering may have tax implications. Check if your premiums qualified for Section 80C.
New gains from investments may attract taxation. For equity mutual funds, LTCG above Rs. 1.25 lakh is taxed at 12.5%.
360-Degree Financial Assessment
Financial Goals: Align investments with your goals (e.g., retirement, children’s education).
Risk Appetite: Choose investments matching your comfort level with risk.
Emergency Fund: Maintain liquid funds to handle financial emergencies.
Debt Management: Clear high-interest liabilities before investing.
Portfolio Review: Balance investments between equity, debt, and fixed income.
Final Insights
The decision depends on your long-term goals. Surrendering is better if the plan does not align with your financial strategy. Reallocate wisely to maximize returns. Consult a Certified Financial Planner for personalized advice.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment

...Read more

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