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Pooja

Pooja Khera  |21 Answers  |Ask -

Life, Relationship Coach - Answered on Jan 17, 2023

Pooja Khera has a PGDM in human resources from Amity University and is a happiness and wellbeing coach certified by Yale University. She also has a master's degree in astrology and is a tarot card reader as well.... more
Asked by Anonymous - Jan 17, 2023Hindi
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I rarely use astrology anymore, and even then it is just out of curiosity. The more we become self-aware, the more checking into astrology only agrees with what we have already discovered within ourselves.Like looking at the natal charts of Johnny Depp and Amber Heard during this very-public law suit. The astrological conclusion? Inconclusive.

Ans: Astrology is a cosmic form that guides you with how the planetary movements guide our lives, shape our personality and our lives. Self awareness on the other hand helps us work on our habits, attitudes and overall personality. In my opinion, astrology can be used in a lot more detailed form as guidance and a lot more.

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Ashwini

Ashwini Dasgupta  |107 Answers  |Ask -

Personality Development Expert, Career Coach - Answered on Nov 03, 2023

Asked by Anonymous - Oct 22, 2023Hindi
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Career
Hi Ashwini, I had earlier got highly balanced answer so here I am with one more question! At many times, I get unique ideas for business. One of the ideas was also appreciated by one of the Rediff Gurus for start up. My problem is, I immensely believe in Astrology. I have a habit of taking an advice of an astrologer, be it a tarot card reader or numerologist or Vedic traditional astrology. Sometimes, I get encouraging advice and many times, the astrologer rules out success in business because of some planet in a specific house or current planet positions etc. My question to you comes now! Do you think that most successful people have ever followed astrology before starting a venture? or how much weigh I should give to "luck" before venturin out. As of now I have about 6-7 business ideas and they are one of a kind (out of box) and stuck in the US for a job and only way of returning to India is quitting the job and starting my own business in India. Please help!
Ans: Dear Sir/ Madam,

Hope you are doing well.

Apology for the delay in reply.

It's good to belief in something if you are convinced about it. It is also equally true to draw a boundary around the same. For example, if Astrology- it's fine if you have the belief on that science at the same, please understand it cannot shape your future or help you reach goals if you do not take appropriate actions in a timely manner.

Yes, many successful people are/have been following astrology having said that there also cases where this science has not worked for many. So, it's important for you to understand to take the information as a reference point and take the necessary actions.

If you have 6to 7 business ideas, pick the best where you are fully convinced and start with one. Invest your energy, time to make it work. You may also speak to your well-wishers and brainstorm on the different ideas you may have. Please remember not everyone would be convinced or sold to your idea at the end it's your baby only you can nurture it.

Whether you follow astrology or not is a personal choice. While making decisions on any of the ideas you may want to execute you need to also rely on the factual information and it's potential to grow rather than relying solely on the astrology. I agree luck can play a role on any success at the end it's a combination of hard work, consistency, passion, proper planning and so much more.

If you are passionate about your business ideas then is no looking back you will bound to get success. Ultimately the decision to start your business is a personal choice and it should align with your goal, values and circumstances. Weigh the pros and cons and its potential and get going. All the best.

Hope this helps.

To Your Success. Be You. Be Confident.
Ashwini Dasgupta
Author of Confidence Decoded. Is it a skill or attitude?

..Read more

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Mutual Funds, Financial Planning Expert - Answered on May 19, 2025

Asked by Anonymous - May 19, 2025
Money
I'm a fresher who currently got placed into an NBFC for 25k salary in hand. How can I multiply this through investments and savings. Please suggest me some. Thank you in advance
Ans: Absolutely delighted to hear that you’ve landed a job. Your first step is a big one. Starting at Rs. 25,000 in hand, you’re not just earning—you’re building a future. Let’s break this down into clear action steps. My aim is to guide you like a Certified Financial Planner would, with a 360-degree plan for savings and smart investments.

I’ll help you understand what to do with your income, how to manage your spending, and how to multiply your savings over time.

Let’s begin with the most important areas.

Understand Your Cash Flow
First, track where every rupee goes.

Use a simple notebook or a mobile app.

Classify expenses: needs, wants, and savings.

Always aim to save before you spend.

Try to save 30% of your income each month.

That means at least Rs. 7,500 should be saved.

Build Your Emergency Fund
Start a separate bank savings account.

Keep Rs. 15,000 to Rs. 30,000 for emergencies.

This is not for shopping or vacation.

Only use it for medical or job-related problems.

Add a fixed amount monthly until you reach your goal.

Get Health Insurance Immediately
Your employer may offer one, but it is not enough.

Buy a personal health cover worth Rs. 3 lakh to Rs. 5 lakh.

Premiums are low for your age.

It protects your savings during illness.

Always disclose everything honestly while applying.

Term Insurance is Not Urgent Yet
You are single and just starting.

So, no need for term insurance now.

Take it only when you have dependents.

Focus instead on building assets and savings.

Automate Your Savings Process
Open a separate savings bank account for investments.

Set auto-transfer every month after salary credit.

This creates financial discipline automatically.

Don’t mix this with your spending account.

Treat savings as your monthly bill.

Start SIPs in Actively Managed Mutual Funds
Choose regular plans via a Certified Financial Planner.

They guide you with experience and research.

Don’t go for direct funds without guidance.

Direct funds need time, study, and ongoing monitoring.

Regular plans give you ongoing personalised support.

A CFP and MFD can help with fund switching also.

Benefits of Actively Managed Mutual Funds
Fund managers take decisions after market study.

Better for new investors like you.

Helps avoid sudden losses due to inexperience.

Higher chances of outperformance in long term.

Active funds adapt to market changes quickly.

Stay Away From Index Funds
Index funds follow market, no fund manager involved.

In bad markets, they also fall badly.

No one to protect or shift to safer assets.

No flexibility in difficult times.

Active funds manage risk better than index funds.

Choose SIPs with Proper Goal-Setting
Don't invest just for returns.

Invest with a goal in mind.

Examples: buy laptop, travel, marriage, house fund.

Assign timelines for each goal.

Choose funds based on time horizon and risk level.

Ideal Portfolio Mix for You
Equity mutual funds: Long-term wealth creation.

Hybrid mutual funds: Balance between growth and safety.

Recurring deposit or FD: For short-term needs.

Keep 2 or 3 funds only. Not more.

Don’t invest in random funds from friends or apps.

Avoid These Investment Mistakes
Don’t buy insurance for investment.

Don’t invest in LIC endowment or ULIPs.

They give low return and high lock-in.

No flexibility, no transparency.

Avoid chit funds and schemes from unknown sources.

Regularly Review Your Progress
Every 6 months, check your investments.

See if your savings rate is increasing.

Track how much emergency fund you have built.

Check if goals are getting closer.

A CFP can help you monitor and correct your path.

Build Skills to Increase Income
Savings alone won’t create wealth fast.

Improve your career skills also.

Take affordable online courses.

Ask for projects at work, build a reputation.

Better pay will give you higher savings later.

Budgeting Tips That Actually Work
Follow 50-30-20 rule: 50% needs, 30% wants, 20% savings.

For now, you may need to reverse it: 50% savings.

Use UPI apps for expense control alerts.

Don’t keep too much cash in hand.

Withdraw once a week, not daily.

Social Media Influencers are Not Financial Planners
Don’t follow random advice online.

Their needs are not your needs.

Your plan should match your goals, not theirs.

Stick to your savings plan strictly.

Professional advice is always better.

Avoid Loan Traps at Early Stage
Don’t take EMI cards or credit cards yet.

Start with a debit card linked to your bank.

Avoid monthly subscriptions that you forget.

Keep zero debt as long as possible.

Loans reduce your ability to save and invest.

Benefits of Investing via MFD with CFP Support
You get advice suited to your income level.

Fund selection is personalised.

Help is given for SIP starting, changes, withdrawals.

They help with taxes and switching too.

Your long-term success becomes their priority.

Don’t Fall for High Returns Promises
If someone offers 20% return, it’s risky.

Stable 10–12% return over years is good.

Compound growth needs patience.

Shortcuts often lead to losses.

Stay steady and grow slowly but surely.

Think Long Term, Act Monthly
Rs. 2,000 monthly SIP grows big in few years.

You will learn patience through SIP investing.

Don’t stop SIPs if market falls.

Use market fall as chance to grow faster.

Keep SIPs running without panic.

Protect Yourself from Tax Shocks Later
Equity mutual funds give tax benefit on long term.

LTCG above Rs. 1.25 lakh is taxed at 12.5%.

STCG is taxed at 20%.

For debt funds, all gains are taxed as per your slab.

So plan redemption properly.

Financial Independence Should Be Your Goal
Try to reach a stage where money works for you.

That needs slow and steady investing.

Once you reach Rs. 5 lakh corpus, add more SIPs.

With every hike, increase SIP by Rs. 500 to Rs. 1,000.

Build wealth step by step.

Stay Consistent, Not Perfect
You may skip saving in one month. That’s okay.

Don’t stop. Resume next month.

Track your progress, not your mistakes.

Stay focused on long term.

Small savings add up to big money later.

Finally
You have made a wonderful beginning.

Saving at Rs. 25,000 salary shows maturity.

With consistency, Rs. 7,500 monthly savings will create big wealth.

Stick to professionally managed mutual funds.

Don’t try shortcuts or risky bets.

Get support from a trusted Certified Financial Planner.

Learn, earn, save, invest, and grow at your own pace.

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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