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Anu

Anu Krishna  |1287 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Oct 28, 2024

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
Yuvraj Question by Yuvraj on Oct 24, 2024Hindi
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Relationship

Okay this is the first time, I am opening to some mind coach, glad to have your opinion, I am 24 now, and I have been working with a start up since last 3 years, As a male I have my big dreams, my passion and added a lot of responsibilities, thinking of which, I ain't satisfied with where I am currently, with the same I have even lost my motivation to work harder- falling into the trap of being comfortable with where I am, which I really don't like, I have multiple passions, I was a good music lover with singer and instruments, I was also into workout a keen interest and built muscles which are going down now, more onto it, I was into sketching and art, a really fine one, I am a short of traveller where I make videos for editing to show them to the world, but it didn't came out from my phone memory ever after I returned from any trip, matter of fact I didn't learn them, but I wanted to, but now tragically I have lost interest in all these passions, I am worried because I am being too comfortable with things, I desperately want to achieve milestones but don't wanna work for it. Sometimes it feels like this chaos in mind, it was far worse than adolescence, zest of everything I want to do miracles but won't move a muscle for it, I had doses of motivation and it doesn't work for me now.

Ans: Dear Yuvraj,
I do see a lot of youngsters jumping into the bandwagon of start-ups without realizing the twists and turns in it. It's not about churning the next best revolutionary idea but it comes with a mindset that understands perseverance, resilience and a lot of compromises. Now, maybe you already know that, but at a certain point, the demands go beyond all of this where a failure would mean to start all over again OR complete change of the idea and back to the drawing board OR a feeling that joining a start up was a wrong move, and all these can be frustrating.

Now, I do not have all that information, so I can assume that maybe you are just tired from all of it and seek a break. Not interested in your passions could mean that you are possibly tired. So, take a break from it all and actually figure out if the start-up scene is actually right for you. And there is nothing wrong in admitting that it isn't, right? At least you won't learn that a few years down the line and regret wasting time...

But if you come back from the break, feeling rejuvenated, then you know that you can get back into the start-up with renewed vigor. Either case, that break will give you some reflection time. During the break, connect with a mentor or a coach who can actually help you dig deep down and get to the bottom of this...Motivation is just a step away provided you do something to wake it up...

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

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Kanchan

Kanchan Rai  |398 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on May 26, 2024

Asked by Anonymous - May 26, 2024Hindi
Relationship
Hi to the life/relationship coach, I'm a 25yr old lady working in an MNC earning 24lpa. I'm from a lower middle class south indian family, my parents taught me value of money, i hardly spent on anything till my studies. Coming to my studies, i (I pushed myself too hard to achieve well but never felt negative in those years in life &came out of an NIT with ppo)studied from my 8th standard too hard without any distraction or other knowledge about life till I got job. Ever since i've started working(staying alone in a 1bhk and keeping myself occupied with home chores), i am not sure if it's because I'm living better compared to before without any money/time boundaries(I've got the freedom for everything yet feels lost) or it's bcoz my brain is exhausted, all I do is just work most of my day and rest of time, stay in traffic, i am feeling lost, not able to have any goals or look at life with positivity. my brain is feeling succumbed to daily job routine and not being enthusiastic about anything. (I do workout, meet friends, go to walks and temples , but nothing adventurous or too much out of my comfort zone. Anyway, nothings making me feel better(when I was studying, i did nothing but read, yet I was satisfied to go to sleep peacefully). My parents are telling me to get married so that I'll get better clarity with a partner beside me. But I'm not interested in relationship yet, want to resolve problems with myself first, may be will search for groom after an year or so. Please provide your advice to how to bring my enthusiasm which i lost after I got the job i m doing presently (the present job is a wonderful opportunity with lot of growth for me in career but I m working with half the productivity due to losing the interest in everything, but getting promoted on time till now, not sure how I long I can survive the corporate world without a purpose). I want to look at life positively in all aspects, but unable to due to feeling lost or having no goal. Should I try to remember my childhood interests before my 8th standard or should I try to find my interest in life from scratch? I've tried setting goals about health and career, but I m doing things like a robot but not enthusiastic. I might not get out of comfort zone if I keep going like this.
Ans: It sounds like you’re at a point where, after years of relentless focus on your studies and now your career, you’re experiencing a sense of aimlessness and burnout. This is not uncommon, especially for someone who has been driven by external goals for so long without taking much time for personal exploration and self-care.

Firstly, it’s important to acknowledge and appreciate the significant achievements you’ve made. Coming from a lower middle-class background and earning a position in an MNC with a substantial salary is no small feat. Recognizing this can help provide a sense of pride and accomplishment, which can be a foundation for building your next steps.

You mentioned that you feel like your brain is exhausted, which suggests that burnout might be a factor. Years of intense focus and hard work without much variety or relaxation can lead to this feeling. It’s essential to give yourself permission to rest and recuperate. This doesn’t just mean taking time off work, but also engaging in activities that truly relax and rejuvenate you.

Reflecting on your journey might help clarify why you’re feeling this way. During your studies, you had a clear goal and a structured path. Now, with more freedom and less immediate pressure, it’s natural to feel a bit lost. Your current routine seems monotonous and unfulfilling, which could be contributing to your sense of aimlessness.

Exploring your interests can be a fruitful way to reignite your enthusiasm for life. Think back to your childhood before the intense focus on studies began. What activities or hobbies did you enjoy? Revisiting these can help reconnect you with your passions. Alternatively, you might want to explore new interests. This could involve taking up a new hobby, joining clubs or groups, or even traveling. Stepping out of your comfort zone, even in small ways, can open up new perspectives and opportunities.

It’s commendable that you want to address your personal issues before considering a relationship. This self-awareness will serve you well. Setting personal goals can be helpful, but it’s important that these goals are meaningful to you and not just tasks to complete. Goals related to health, personal growth, or even learning new skills can provide a sense of purpose. However, ensure these goals are flexible and enjoyable, rather than adding more pressure to your life.

Your parents’ suggestion to get married might be well-intentioned, but it’s important to follow your own timeline. If you feel that taking more time to understand yourself will benefit you in the long run, then that’s a valid and important choice.

Lastly, professional support can be incredibly valuable. A therapist or life coach can provide you with strategies to manage your feelings of burnout and help you rediscover your enthusiasm. They can also assist in exploring your interests and setting meaningful goals.

In summary, taking time to rest, exploring your interests, setting meaningful goals, and possibly seeking professional support can help you navigate this phase of your life. By doing so, you can regain your sense of purpose and enthusiasm, leading to a more fulfilling and balanced life.

..Read more

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Mutual Funds, Financial Planning Expert - Answered on Nov 09, 2024

Asked by Anonymous - Nov 09, 2024Hindi
Money
Hi, I am 45 working and wants to retire now. My wife salary is around 50k/month and she can work for another 18 yrs. Have 2 kids studying in 7th and 2nd class. I have ancestors home to live and major future expense will be kids higher education and marriage. Presently monthly expense is 40k. Regarding investment I have PPF 28 lacs maturing is 2 years, SSY 9 lac, wife PPF 5 lac, MF value 50 lac, equity 12 lac, EPF 11 lac, SGB 6 lac and FD/NSC 26 lac maturing all in next 3-4 yrs. No need of instant money. Please suggest if I can retire now and yes how can I invest my corpus for steady return
Ans: Retiring early is achievable for you with some strategic planning. Given your wife's consistent income, your existing corpus, and the specific needs for children's education and marriage, you can structure investments to sustain both immediate and future financial needs.

Here's a structured approach to plan your retirement:

1. Assessing Income Requirements
With monthly expenses at Rs 40,000, your wife’s income should comfortably cover routine household costs. However, you must ensure your investments provide a stable income as a buffer.

Estimating future inflation and children’s education costs is essential. Education and marriage may require sizable amounts, so it’s wise to earmark specific investments for these expenses.

2. Investment Allocation for Stability and Growth
To sustain your corpus and ensure it grows, dividing it into various categories can be beneficial:

2.1. Public Provident Fund (PPF) and Sukanya Samriddhi Yojana (SSY)
PPF: With Rs 28 lakh in PPF maturing in two years, the amount can continue growing without immediate withdrawal. This will allow it to act as a secondary emergency fund.

SSY: Your SSY amount of Rs 9 lakh offers good returns until maturity, making it ideal for your daughter’s future education or marriage needs.

Wife’s PPF: With Rs 5 lakh in her PPF, continue this as a low-risk, tax-free growth option. It will contribute toward your retirement needs.

2.2. Mutual Funds (MF) and Equity
Mutual Funds: At Rs 50 lakh, mutual funds can provide a balance of growth and steady returns. Continue your SIPs in actively managed funds for higher potential returns, as these are guided by expert fund managers compared to index funds. Actively managed funds allow flexibility, adapt to market trends, and provide a diversified growth path.

Equity: Your Rs 12 lakh in stocks offers high growth potential. However, direct stocks come with higher volatility. Rebalancing a portion to a balanced or flexi-cap mutual fund could add stability.

2.3. Employee Provident Fund (EPF)
EPF at Rs 11 lakh acts as a stable, long-term asset with tax-free growth. This can be a reserve fund for later years of retirement, extending your income over time.
2.4. Sovereign Gold Bonds (SGBs)
With Rs 6 lakh in SGBs, you have a secure inflation hedge. Gold generally appreciates over time, offering a safety net. Keep this as a long-term asset for emergencies or children’s marriage.
2.5. Fixed Deposits and National Savings Certificates (FD/NSC)
Rs 26 lakh in FDs and NSCs maturing over 3-4 years can ensure short-term liquidity. For reinvestment, consider liquid funds or ultra-short-term debt funds for modest but stable returns, as they offer flexibility and better tax efficiency compared to traditional FDs.
3. Strategy for Steady Income Generation
Given your corpus and minimal monthly needs, you can rely on a Systematic Withdrawal Plan (SWP) and other low-risk options for steady income.

Systematic Withdrawal Plan (SWP): Consider setting up an SWP from your mutual fund corpus. This approach can provide a monthly cash flow without depleting the corpus immediately, especially if you use balanced or hybrid funds.

Debt Funds: Post maturity of your FD/NSC, consider reinvesting in debt mutual funds. These can offer better returns than traditional bank deposits with tax efficiency. Opt for funds with moderate durations to reduce interest rate risk.

4. Child Education and Marriage Planning
Education and marriage planning can be handled by earmarking specific assets for predictable growth:

PPF and SSY for Education: PPF maturity in two years can coincide with your child’s high school expenses. Likewise, SSY can be reserved for your daughter's education or marriage expenses. These instruments offer tax benefits and assured returns.

Dedicated Mutual Funds: You may consider allocating some portion of mutual funds specifically for children’s future. Balanced Advantage Funds or multi-cap funds could suit this purpose, providing both growth and stability.

5. Tax-Efficient Planning
Given the new capital gains tax rules, consider tax efficiency in each asset class:

Equity Mutual Funds: Long-term gains above Rs 1.25 lakh are taxed at 12.5%, while short-term gains are taxed at 20%. Plan withdrawals strategically to keep gains within tax-free limits where possible.

Debt Mutual Funds: Gains are taxed as per your income slab. Post-retirement, when your income is lower, debt funds may become more tax-efficient than fixed deposits.

6. Emergency Fund and Health Coverage
Having a reserve is crucial for any unplanned expenses or emergencies:

Emergency Fund: Retain some funds in liquid investments, like liquid or ultra-short-term funds. This fund should cover at least 6-12 months of expenses.

Health Insurance: Ensure your family’s health coverage is adequate. Health costs tend to rise, so enhancing health coverage can prevent corpus depletion.

7. Estate Planning and Succession
Since you have ancestral property, structuring an estate plan is crucial to ensure a smooth inheritance for your children. A well-drafted will and nomination updates for all financial assets will make it easier for your family in the future.

Finally
Early retirement is achievable with smart financial moves. Your existing portfolio has significant potential, and with a structured plan, you can generate a stable income for years.

The outlined steps above ensure that your financial goals, family needs, and investment potential are fully covered. Focus on disciplined re-investment and consider reviewing your portfolio periodically to ensure alignment with evolving needs.

Best Regards,

K. Ramalingam, MBA, CFP,

Chief Financial Planner,

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

...Read more

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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