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Torn Between Love and Family: Should I Leave My Partner for Economic Reasons?

Dr Ashish

Dr Ashish Sehgal  |120 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Dec 21, 2024

Ashish Sehgal has over 20 years of experience as a counsellor. He holds a doctorate in neuro linguistic programming, mental health and social welfare.He is certified in neurolinguistics by both the Society of NLP and the American Board of NLP.... more
Shraddha Question by Shraddha on Nov 29, 2024Hindi
Relationship

Sir I am also a doctor. and in relationship of 8 year ..now my parents are not agree with this...due to economical imbalances between to family...my partner say me ..there is no problem from my side .but there are much problem from my side .he say if your parents not agree with this then leave me..you will get someone better than me ( with tears in eyes) I will always there for you...but sir I can't believe that how can I live without him...I cried whole night since 4-5 month

Ans: Dear Doctor,

Thank you for opening up about your deeply emotional situation. Eight years is a significant time to build a bond, and your pain is understandable. Love often brings us to crossroads where our heart and responsibilities clash, but with clarity, you can navigate this challenge.

Understanding the Core Issues
Your Partner’s Words:
When he says you’ll “find someone better” but also expresses tears and willingness to be there for you, it reflects his inner turmoil. He may genuinely love you but feels powerless in the face of family dynamics, especially economic differences.

Your Parents’ Resistance:
Their concern about economic imbalances might stem from societal perceptions or fears for your future. Often, parents have well-intentioned but outdated views shaped by their experiences.

Your Emotions:
Crying and sleepless nights are signs of the depth of your attachment and the weight of your situation. It’s a sign that this relationship means the world to you, but it’s also important to consider the long-term picture calmly.

Exploring Your Options
Have a Heart-to-Heart with Your Parents:
Approach them when they’re calm and express your feelings clearly. Share not just your love but how your partner makes you feel secure and supported, regardless of financial differences. Use words like:

“I understand your concerns, but this relationship has brought me immense happiness and stability. Can we find a middle ground to address your worries?”

Involve a Trusted Mediator:
Sometimes, a relative or family friend whom your parents respect can act as a bridge. They can help present your partner in a more favorable light, emphasizing his qualities beyond financial status.

Talk to Your Partner:
Express your fears and emotions openly. Let him know how much his support means to you, but also discuss a practical plan to address your parents' concerns together.

Evaluate Your Own Needs:
Take a moment to reflect on what you truly want in the long term. Does this relationship fulfill your emotional, intellectual, and life aspirations? If yes, it’s worth fighting for.

Give It Time:
Resistance from parents often softens with time if they see your consistency and happiness. Keep showing them how committed you are without being confrontational.

Balancing Heart and Mind
Avoid Making Decisions in Emotional Extremes:
It’s tempting to think in absolutes—“I can’t live without him” or “I must leave for my parents.” But life often offers middle paths. Focus on small, consistent steps rather than drastic decisions.

Focus on Your Career and Growth:
A strong professional foundation can help convince your parents that your happiness and independence don’t rely solely on economic factors. It also prepares you for any outcome, making you emotionally and financially resilient.

Seek Support:
Confide in close friends, mentors, or a counselor. Sharing your thoughts with someone neutral can help you gain clarity and calmness in decision-making.

If the Situation Doesn’t Resolve
If your parents remain adamant, you’ll need to decide whether their approval outweighs your personal happiness. This decision isn’t easy, but remember:

Love thrives on mutual effort, trust, and shared dreams.
A healthy relationship is one where both partners respect each other’s challenges and find ways to overcome them together.
If you choose to stay with your partner, communicate your decision respectfully to your parents, assuring them of your love and respect for them.

Your Well-being is Key
No matter what happens, prioritize your mental and emotional health. Crying and sleeplessness can take a toll on your ability to make sound decisions. Focus on self-care and mindfulness to find strength within yourself.

You are capable of facing this with courage and grace. Love, when nurtured with understanding and patience, has a way of creating miracles.

Warm regards,
Ashish Sehgal

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Well, your partner is being kind and thinking for you and your relationship with your parents. It is a nice trait to have to be empathetic but it may cost him the relationship. And he has taken this stance only because you have talked him about how fearful you are of your parents.
I guess instead of giving up like this, why don't the two of you sit down as adults and discuss how to talk to your parents and make this happen. When you act against what society and family set as norms, you should have expected something to go against the fairy tale event, right?
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Hi..I just saw your page and found this is the right page where I can get answer.. I am so confused and so my thoughts coming in my mind and noone in my life which I can tell. However, I found you hopefully you'll get my answer I want to marry with my partner but he is not earning as much and I'm also earning but we both started our career in 2023. And my parents wants I should get Marry with someone and he is searching. But I told my parents that I love someone but the issue is he is not from my caste that is not the big issue main issue is that my partner belongs from very nuclear family like his mother and sister is there and noone is there in his family and my parents also saying the boy is not earning a good salary and noone is there in his family how will you be happy and I don't think so he is good for you.. but my partner loves me so much he loves me till 6 years and he waited for me also. My question is that for getting a married is all this stuff matters ? My parents is arising so many questions somehow she denied..should I convince to my parents or they are saying right ??
Ans: The salary is not a problem, if he doesn’t have misplaced ego about his wife earning more than him; some men are broad-minded enough to even be proud of their wives earning more. Nor is caste; love has no fixed faith. But this nuclear family business is a red flag; I would strictly advice not living under the same roof with his mother and sister. There is bound to be friction. Then relations sour and your marriage gets strained. If he is willing to step out from under their shadow and live separately with you, and the money-making is not an issue for him, you’re making the right choice of partner. If either of the above is not realistic, I would suggest you stop trying to convince your parents and listen to what they have to say.

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Hi maam. I am a doctor and i am in relationship with a solider. We are very happy. But i told my family.. My family is not ready to accept him. As my both parents are lawyers and am doctor. My parents are very much concerned about there social status and want me leave this relationship anyhow for them and marry a guy of there choice. They have huge problem as he is normal solider not a officer ranked person. .... I tried to convice them. Alot.. But now both my parents started called me bad words and trap me like if i leave them and go they will suicide... Daily they calls me and tell that it will never happen. And if u leave ur parents for him they will commit suicide. Recently my dad is acting or actually he have i dont know... He does like a pyschotic person and told he feels like commiting suicides. He told because an doing lke this he feel pyachotic probome. Now he is on medication. And he is planning to do voluntart retirement as he is not able to work. He keep telling all this is because of my relationship and i want to marry my partner Both my mother and father is continuously telling no to my relationship and if i leave them they will suicide. They told me they don't care about how hard it will be for me to leave but somehow to leave amd save ur family I dont know. I am not able to leave my relationship Nor not able to makemy parents suffer I feel really frustrated
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Being lawyers and then behaving immaturely is something that shocks me. But well, emotions can have different shades, right?
I do not subscribe to emotional blackmail which is what your parents are subjecting you to.
Social status difference is something that parents do worry about for their children. It's an age-old conditioning and hard for them to change.
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Besides loving this person (soldier), what are those qualities in him that can actually put your parents' mind at ease?

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All the best!
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Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

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Hi sir/mam, I'm 32 years old working in a private firm as Manager. I own 9 lacs in FDs, accumulated 17 lacs in Mutual funds through SIP of around 23k pm (currently XIRR at 15-16% in with 75% in equity). I also have 2.5 lacs in PPF and 1.2 lacs in NPS. For tax savings I do yearly investments in PPF and NPS of about 1 lacs and rest I cover with ELSS (part of my SIPs). I want to retire at the age of 50, my current salary is 1.2 lac per month in hand, and receive few incentives of 1.5 lac a yr. I live in Mumbai with my wife and plan to buy a house of 60 lacs (out of which 20 L I'm borrowing from family, and rest of it will be loan with about 35k EMI). I also have a flat in NCR worth 80 L (purchased at 35 lacs), for which I have an EMI of 11k per month which is covered by rent I receive from there. I don't have kids yet, but I plan to have two of them. What should be my plan of investing that I can retire by max between 50 and 55 yrs of age with an upper middle class lifestyle in either Mumbai or NCR. How much should my corpus be? My current expenses are around 60k including rent in Mumbai, and my parents are independent. I have both health and life insurance of 1 cr+ cover.
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Hello sir, I am 35yo with 2 (4yo, 1yo) children. Can I retire now, with following corpus: mutual fund and stocks : 3.5 crore, lands: 50 lakh, PF&PPF: 80 lakh, FD: 25 lakh, SGB &Gold:50 lakh. Currently doesn't own any house. Monthly expense is around 1 lakh.
Ans: Your corpus and monthly expenses show a solid foundation. Retirement at 35, however, requires careful assessment. Let’s analyse your situation step by step.

Current Financial Assets and Allocations

Mutual Funds and Stocks: Rs 3.5 crore

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

Lands: Rs 50 lakh

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

PF and PPF: Rs 80 lakh

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

Fixed Deposit: Rs 25 lakh

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

SGB and Gold: Rs 50 lakh

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

Monthly Expense Analysis

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

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

Core Observations

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

Inflation and rising expenses over time will impact your corpus.

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

You have no guaranteed income sources post-retirement.

Key Areas of Improvement

Housing

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

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

Corpus Utilisation

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

Use a mix of debt and equity for regular withdrawals.

Children’s Education and Marriage

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

Use long-term instruments for education and marriage funds.

Emergency Fund

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

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

Recommended Financial Strategies

Asset Allocation

Diversify your portfolio across equity, debt, and gold.

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

Mutual Fund Investments

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

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

Debt Investments

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

Ensure these align with your withdrawal needs.

Tax Planning

Monitor tax implications of mutual fund withdrawals.

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

Plan withdrawals to minimise tax liabilities.

Insurance Needs

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

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

Inflation and Lifestyle Adjustments

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

Avoid lifestyle inflation. Stick to essential expenses wherever possible.

Income Generation Options

Systematic Withdrawal Plans (SWP)

Use SWP from mutual funds for regular income.

Choose hybrid funds for better stability and returns.

Rental Income

Invest part of your corpus in commercial properties.

Ensure this aligns with your liquidity needs and risk profile.

Freelance or Part-Time Work

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

Use your skills to generate flexible income streams.

Monitoring and Review

Review your portfolio annually. Adjust allocations as goals evolve.

Work with a Certified Financial Planner for periodic checks.

Final Insights

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

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

Diversify investments and secure guaranteed income sources.

Avoid premature decisions. Evaluate thoroughly before retiring.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

www.holisticinvestment.in

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

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DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

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