Hello Mam, I am 45 year old IT professional, I have good salary and owning 3 flats. My wife is also working and she also having descent salary. I am having family of 4, Me, wife, daughter 11 years and son 8 years old. My problem here is, we are having discussion on only future and not living current life. My wife is think more about money and how to get money quickly as possible for further provisions like kids education, retirement etc. Also, She doesnt want to spend on me especilaly, never got any gift from her. We are not having good physical relation. Many times i have discussed with her and went through doctor for consultantion and medication. But, she doesnt want to take medicines.I feel very bad and my life is similar as earlier. Many times feels like she doesnt love me. My life become mechanic and no joy init. I am just living for my Kids betterment.

Ans: With MET rank 11137 and 114 marks, securing CSE at MIT Bangalore Campus in subsequent counselling rounds presents significant challenges but limited possibilities exist through the five-round counselling process. The current Round 1 cutoff for CSE at MIT Bangalore stands at 9362 for general category, while your Electronics and Computer Engineering allotment indicates acceptance within the 11838 closing rank range. MET 2025 counselling operates through five rounds plus an intra-institute sliding round, with registration for Round 2 scheduled from June 18-19, 2025, followed by seat allotment on June 21, 2025. Historical data shows CSE cutoffs have remained consistently competitive, with Round 1 closing ranks of 5141 in 2024, 6494 in 2023, and similar trends across previous years. While rank improvements of 1,000-2,000 positions occasionally occur in later rounds due to seat surrendering and choice modifications, the gap of approximately 1,775 ranks between your rank (11137) and current CSE cutoff (9362) makes admission highly unlikely. MIT Bangalore demonstrates strong placement performance with highest package of INR 51 LPA, average package of INR 12.5 LPA, and median package of INR 10 LPA, with top recruiters including Amazon, Microsoft, TCS, Goldman Sachs, and over 330 companies participating in placements. Electronics and Computer Engineering at MIT Bangalore offers excellent career prospects with strong industry exposure similar to CSE, benefiting from the centralized placement process shared with MIT Manipal. Recommendation: Accept Electronics and Computer Engineering at MIT Bangalore as it offers excellent placement prospects with similar industry exposure to CSE, while registering for subsequent counselling rounds as backup, though CSE admission probability remains extremely low given the competitive cutoff trends and significant rank gap. All the BEST for the Admission & a Prosperous Future!

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Ans: You are 30, unmarried, and already doing well. You are saving and investing thoughtfully. That is excellent. Let us build a 360?degree strategy covering wealth creation, financial freedom, travel, and goals of your own.

Current Snapshot
You are 30 and unmarried.

You have Rs.?5?lakh in FD and Rs.?4?lakh in savings.

You invest Rs.?25?k monthly in RD.

You run a mutual fund SIP of Rs.?11?k monthly with semi?annual Rs.?500 step?ups.

You invest Rs.?20?k quarterly (about Rs.?6.6?k monthly) in PPF.

Your joint home loan EMI is Rs.?27?k per month and ends in 4 years.

You save an extra Rs.?10?k monthly to build a 6?month EMI buffer.

Your total monthly income is Rs.?1.7?lakh.

You already display strong financial habits. Now let’s refine the plan for financial freedom, assets, and travel.

Emergency Fund & Liquidity
You have over 6 months’ expenses already covered.
Keep this buffer in a liquid mutual fund or sweep-in FD.
Convert some savings to liquid investment for slightly higher yield.
Maintain this fund to avoid disrupting long-term investments in a crisis.

Optimise Low-Yield Investments
Your RD yields low returns. Shift it gradually to growth-oriented but stable alternatives.
Consider debt or hybrid mutual funds that provide better returns with liquidity.
Phase out RD once your liquid fund is comfortable and step into better-performing assets.

Debt and Home Loan Strategy
Your home loan EMI of Rs.?27?k ends in 4 years.
Continue saving Rs.?10?k monthly towards an EMI buffer.
Once EMI ends, redirect EMI and buffer savings into your SIPs and goals.
If a lump sum or bonus comes, consider part-prepayment to lower interest and tenure.

PPF Contribution
Your quarterly contributions to PPF offer tax-free, safe returns.
Continue regular investments up to Rs.?1 lakh per financial year.
Keep PPF as your conservative investment pillar alongside equity SIPs.

Mutual Fund SIP Strategy
You currently invest Rs.?11?k monthly with step-ups.
Target increasing SIP to Rs.?25?k monthly over time.
Build a diversified allocation across fund categories: large-cap, flexi-cap, mid-cap, small-cap, ELSS, and balanced-advantage.
Maintain a mix that balances risk and growth appropriate for your age.

Why Avoid Direct and Index Funds
Direct funds lack guidance and portfolio review.
You might exit wrongly during market volatility.
Index funds follow index blindly and cannot protect against downturns.
Actively managed funds make strategic stock decisions and offer downside protection.
Opt for regular plans through CFP?affiliated MFDs for support.

Insurance Cover
Unmarried at 30, you still need personal cover:
Health insurance with a minimum Rs.?5–10 lakh sum insured is recommended.
If any debt continues after EMI ends, consider term life insurance of at least Rs.?1 crore to cover financial liabilities.
Avoid mixing insurance with investment through ULIP or traditional plans.

Goal-Based Investing: Travel & Asset Building
You want travel and building assets.
Allocate Rs.?5?k monthly to a travel fund in a 2–3 year time horizon via hybrid or short-term debt funds.
For personal assets (car, skills, etc.), allocate another Rs.?5?k to mid-term equity or hybrid funds with a 5–7 year horizon.
Use goal-based mapping to maintain your focus and avoid detours.

Passive Income and Financial Freedom
After EMI ends, the redirected Rs.?37?k monthly can power your passive income goals.
Continue SIPs to build across balanced and equity funds.
Over time, the portfolio can be adjusted toward hybrid or debt for regular income once it reaches sufficient size.
Consider skill-based side income streams aligned with your interests to boost freedom.

Review and Rebalance
Perform a disciplined review of your portfolio every 6 to 12 months with your CFP and MFD.
Assess fund performance, risk levels, and alignment with your goals.
Rebalance asset allocation to maintain your original risk profile.
Avoid frequent switching based on short-term trends—focus on long-term wealth creation.

Scaling Up SIPs Post-EMI
To build momentum:

Year 1: Gradually increase monthly SIP to Rs.?15–18?k

Year 2–3: Scale further to Rs.?25?k as disposable income grows and EMI stops

This step-up system adapts to your changing cash flow without burdening your budget.

Final Insights
Your financial discipline is commendable; keep it up

Strengthen emergency and liquid cushions first

Shift low-yield RD to growth-oriented funds

Maintain PPF for stability

Build diversified SIP portfolio through expert guidance

Avoid direct or index funds

Secure health cover and term insurance if debt remains

Plan for travel and assets with targeted funds

Aim to create passive income through SIPs and skills

Monitor and rebalance annually, not frequently

Your journey to financial freedom is well underway. With structure and consistency, you can achieve independence, travel goals, and build meaningful assets.

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

Ans: Hello Vimal,

To begin with, thank you for contacting us. I am glad to know that you wish to send your son overseas for his MBBS studies. To answer your question first, I would like to tell you that your son should begin the process by looking into various countries and universities that offer accredited medical programs that are appropriate for international students. Next, he should take into account variables such as tuition fees, living expenses, medium of instruction, as well as accreditation. Following that, your son should examine the entry prerequisites, which frequently entail a high school diploma with science subjects, entrance tests, and English language proficiency tests. He should compile the required paperwork viz., academic transcripts, recommendation letters, and a current passport. Once he secures a place in the program, your son should then make an application for a student visa. I would suggest that you visit official university websites or get in touch with education consultants as they can make the process simpler and make sure you adhere to all deadlines and requirements.

For more information, you can visit our website: www.edwiseinternational.com

You can also follow us on our Instagram page: edwiseint

Ans: ith a COMEDK rank of 53667, your options for Mechanical Engineering are limited but not impossible. You should focus on colleges that accept lower ranks, including some private engineering colleges and potentially even some public institutes that might have open seats depending on their specific admission criteria.

Ans: Go for CSE in VIT Bhopal.

Ans: Be brief and ask again.

Ans: For Computer Science Engineering (CSE), VIT Vellore is generally considered a better choice than PSG Tech Coimbatore. While both are reputable institutions, VIT Vellore typically boasts higher placement statistics, including higher average and highest salary packages, and is known for its strong infrastructure and overall academic reputation. Best of luck.

Ans: prefer ECE @ VIT AP

Ans: Choosing between SASTRA and IIITDM for Mechanical Engineering depends on your priorities. If you prioritize a strong reputation, established placement records, and a more traditional mechanical engineering curriculum, SASTRA might be the better choice. However, if you value the "IIIT" tag, a faculty with PhDs from IIT Madras, and a curriculum with design and manufacturing focus, IIITDM Kurnool could be more suitable. Best of Luck.