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Kanchan

Kanchan Rai  | Answer  |Ask -

Relationships Expert, Mind Coach - Answered on Aug 13, 2025

Kanchan Rai has 10 years of experience in therapy, nurturing soft skills and leadership coaching. She is the founder of the Let Us Talk Foundation, which offers mindfulness workshops to help people stay emotionally and mentally healthy.
Rai has a degree in leadership development and customer centricity from Harvard Business School, Boston. She is an internationally certified coach from the International Coaching Federation, a global organisation in professional coaching.... more
Asked by Anonymous - Jun 22, 2025Hindi
Relationship

I started my small project and he asks for my money of which sometimes he does not pay back I am afraid I will have to live like this my whole life

Ans: whom are we talking about ? can you pls tell more about who "HE" is

You may like to see similar questions and answers below

Anu

Anu Krishna  | Answer  |Ask -

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

Relationship
Hello Anu,I am under severe confusion and frustration. Wanted to consult with some psychiatrist but then I got to know about you. I have an issue with my father.I'm a 29 years old working man.My family background was not good, my father was the sole bread earner in the family of 9 including my uncle and grandparents.But my father invested in his children.He gave us a good education.He sent me for IIT coaching in Kota. I couldn't clear IIT but cleared AIEEE.Today I'm earning a lot. I'm a software engineer with 7+ years of experience in IT in a big giant firm earning Rs 62 lakhs an annum. But the picture does not look like it is.My father takes all my money.Literally he does that.He has been doing it for last 7 years, every single month.He has taken my all salaries till now, 80+ months' salaries to be precise.And his modus operandi is- he knows my monthly in hand salary after deductions, which is around 3.5 lakhs now.He calls me around 25th of the month saying 'Don't use the salary. I need 4 lakhs this month. He asks me more than my salary, then says ‘okay you don't have this much, so give me as much as you can.’Earlier when my salary was Rs 85,0000, he used to ask for Rs 1 lakh.When salary became Rs 2.2 lakhs he used to ask Rs 2.5 lakhs.I keep approx Rs 15-20,000 for myself and give the remaining to him.Why do I give him all my money?Because I have this feeling that whatever I am today, it's all because of him.He went against all odds to educate us, otherwise I would have been a poor kid somewhere in my village doing farming.The sad part is, he does not use this money for himself.If he would have used it for his needs I would have been the happiest person. He gives loans to his relatives free of cost.People come to my father and request that they need money for some XYZ reason. They say you have a lot of money, your son is earning so much, so please help us. My father says okay.He calls me and says that he has given his word, now he can't step back and I will have to arrange the money. And this money never comes back.Till now nobody has returned a single penny.When I ask my father, he says ‘it's okay, you will earn more. They can take only your money, not your destiny.’I'm not exaggerating but I don't have even a RO filter in my home. I spend Rs 1,500 on water.I'm fed up with all this.I had a discussion with my father regarding this many a times that I can't keep doing this.He says What will you do with the money? Tell me the item you want, we will purchase it for you.So far I have given more than Rs 1 crore. I'm such a fool.I don't want to spoil my relationship with my father but at the same time I also want him to understand that I'm a human not a money-making machine.The problem has started now, because now he is doing the same with my younger brother as well.He recently started his job after college, and earns around Rs 55K.My father takes 50K from him and has deliberately kept him with me so that we can save on rent and he can keep the money.Till now when he was taking my money, I was not so much hurt.But now when my brother is giving money, I can't bear it. He is a small kid who does a lot of hard work and even his money is taken away.I cannot share this with anyone.I keep asking myself if I'm a bad son who thinks like this about his father.But I can see the reality which is very discouraging.I'm not able to digest the fact that this is actually happening.Please suggest what I should do.Should I tell this to someone? But then the other person will think bad about my father which I don't want.I'm lost. Please suggest me something.
Ans:

Dear RS,

If by now you haven’t figured out that you are being used for playing the role of a good son, then when is it going to dawn on you?

It feels unreal even if your father took all that money for himself without realizing that his son needs his hard-earned money to set up his life. But here, it’s going to relatives and everywhere.

And now, it’s the turn of your brother too.

There is really no need to set this example as an older brother to just bend over backwards for your father. Instead, change the role and let your brother do the same.

Take charge of your finances and share what you deem fit with your father that covers his expenses (assuming that he is retired).

This way, you will fulfil the duty of being a good son taking care of his father. Beyond this, save your money and invest it wisely and please spend on yourself.

What will you do when you marry?

You think your wife is going to support this flow transaction of money between you and your father?

And when she tries to reason out with you, either you or your father will blame her for being selfish. In fact, she will only be looking out for your wellbeing.

So, before this gets even more murkier, make a point by sitting your father down and asserting that you are taking charge of your finances and reassuring him that he will always be taken care of.

His need to please his relatives by giving away your money has to stopped.

This might be met with a lot of resistance from your father, but you know what is to be done. Else, this will grow even with your brother and get progressively worse. So, step in NOW.

All the best!

..Read more

Kanchan

Kanchan Rai  | Answer  |Ask -

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

Asked by Anonymous - Mar 20, 2024Hindi
Listen
Relationship
Hi Sir. I have a typical.problem here. I lend.money to one of.mynfriends for his bzness..I worked as a consultant for him. I made an agreement for the money given to him. Nevertheless he didn't return the money yet..I left him now some months back. Though I asked him to give bac money but he says he has lost lot in his bzness and also says he can't return the money. Sometimes indirectly he says that because of me he has landed in loss. I don't want to go.legally but it has been lot.ot.months that he has returned money. But now I can't wait. What should I do now..pls advise. Thanks
Ans: Navigating financial matters within friendships can be challenging, especially when agreements aren't upheld as expected.

Initiate an open and honest conversation with your friend about the loan. Express your concerns and feelings without blaming or accusing. Use "I" statements to convey how his actions have impacted you personally.
Give your friend an opportunity to explain his side of the story. Listen attentively to understand his perspective and the challenges he's facing with his business. Empathize with his situation while also emphasizing the importance of fulfilling financial commitments.
Instead of dwelling on past grievances, shift the conversation toward finding a solution that works for both of you. Explore options such as renegotiating the repayment terms, setting up a payment plan, or considering alternative forms of compensation if he's unable to repay the full amount immediately.
Validate your friend's feelings and concerns about the situation, but also assert the impact his actions have had on you. Help him understand the importance of honoring agreements and maintaining trust in the relationship.
Clearly communicate your expectations moving forward. If you're unable to reach a resolution or if your friend continues to disregard the agreement, be prepared to set boundaries to protect yourself financially and emotionally. This might involve seeking legal advice or taking further action if necessary.
While it's important to address the financial issue, prioritize preserving the friendship if possible. Reassure your friend that your intention is not to harm the relationship but to find a mutually beneficial solution. Emphasize the value you place on your friendship and your desire to work through this challenge together.
Use this experience as an opportunity for personal and relational growth. Reflect on what you've learned about trust, communication, and financial boundaries in friendships. Apply these lessons to future interactions to prevent similar issues from arising.
Ultimately, finding a resolution to financial disputes within friendships requires patience, empathy, and effective communication. By approaching the situation with understanding and a willingness to collaborate, you can work toward a solution that honors both your financial needs and the integrity of your relationship.

..Read more

Latest Questions
Ramalingam

Ramalingam Kalirajan  |11468 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Sep 18, 2026

Money
I am going to Retire in coming December 2026 ,thecorpus will be 2 crores with me. Kindly suggest how to maximize returns to get good returns because I don't have any other Income.
Ans: It is good that you have planned a Rs.2 crore retirement corpus before retiring. Since you will not have regular employment income after December 2026, the focus should not be only on maximising returns. Capital safety, regular income, inflation protection and liquidity are equally important.

» First Assess Your Retirement Requirement

Before investing the Rs.2 crore, identify:

– Your monthly household expenses after retirement
– Medical and healthcare requirements
– Any outstanding loans or liabilities
– Whether you have pension, rental income or any other income
– Financial support required for spouse or dependants
– Any major future expenses
– Expected retirement period, which could easily be 25–30 years or more

The most important question is not "How much return can I get?"

It is "How much can I withdraw without putting my retirement corpus at risk?"

» Do Not Put the Entire Rs.2 Crore in One Place

Since you have no other regular income, keeping the entire corpus in equity is risky.

Similarly, keeping the entire amount in bank deposits or other low-growth investments may create an inflation problem over a long retirement period.

A balanced structure can be considered:

– Keep a portion in safe and highly liquid investments for near-term expenses.
– Keep another portion in high-quality fixed-income investments for stability and regular cash flow.
– Keep a portion in diversified equity mutual funds for long-term growth and inflation protection.
– Maintain a separate medical and emergency reserve.

The exact allocation should depend on your age, monthly expenses and risk capacity.

» Use a Bucket Approach

A retirement corpus can be managed in different buckets.

– Short-term bucket: money required for the next few years. This should have low volatility and high liquidity.

– Income bucket: money meant to support regular withdrawals over the medium term.

– Growth bucket: money that can remain invested for many years and help the corpus fight inflation.

This structure is useful because you need not sell equity investments during every market fall to meet your monthly expenses.

» Be Careful With Monthly Withdrawals

A common mistake after retirement is to withdraw a fixed high amount without checking whether the corpus is growing or declining.

Your withdrawal should be reviewed every year based on:

– Actual expenses
– Inflation
– Portfolio performance
– Market conditions
– Remaining corpus
– Healthcare requirements

During strong market periods, you may have more flexibility. During weak market periods, controlling discretionary expenses can protect the corpus.

» Equity Is Still Important

Retirement does not mean that equity should become zero.

If you are expected to live for another 25–30 years, inflation can significantly reduce the purchasing power of your money.

A suitable portion of diversified, actively managed equity mutual funds can provide long-term growth potential. But this portion should be based on your ability to tolerate market fluctuations.

Do not invest the entire Rs.2 crore in equity just to maximise returns.

» Keep Healthcare Separately

Medical expenses can be one of the biggest retirement risks.

Ensure you have adequate health insurance and a separate medical reserve. Do not depend completely on your Rs.2 crore investment corpus for unexpected hospital expenses.

» Tax Planning Also Matters

Your post-retirement tax liability should be considered while selecting the mix of investments and planning withdrawals.

For equity mutual funds, LTCG above Rs.1.25 lakh is currently taxed at 12.5%, while STCG is taxed at 20%, subject to applicable rules.

Tax-efficient withdrawals can improve the amount actually available for your monthly expenses.

» Avoid Chasing High Returns

At retirement, taking excessive risk for higher returns can be harmful.

An investment promising very high returns usually comes with higher risk. Your priority should be sustainable retirement income, not the highest possible return in any single year.

A good retirement portfolio should give you:

– Regular cash flow
– Liquidity
– Capital stability
– Long-term growth
– Inflation protection
– Tax efficiency
– Emergency protection

» Final Insights

Rs.2 crore can provide a meaningful retirement base, but whether it is sufficient depends mainly on your monthly expenses and retirement period.

I would not recommend deciding the investment allocation merely from the corpus size. Your age, monthly expense, spouse requirements, health cover, pension or other income and desired legacy should all be considered together.

A proper 360-degree retirement plan can then decide how much should remain safe, how much can generate income and how much should remain invested for long-term growth.

Best Regards,

K. Ramalingam, MBA, CFP,
AMFI-Registered MFD – ARN 4188

www.holisticinvestment.in/

https://www.linkedin.com/in/ramalingamcfp/

...Read more

Ramalingam

Ramalingam Kalirajan  |11468 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Sep 18, 2026

Asked by Anonymous - Sep 17, 2026
Money
38.5 year are still age for home laon if no any disease?
Ans: Yes. At 38.5 years, you are generally still within the acceptable age range for a home loan, especially if you have stable income and no major health issues.

Your age alone should not be a major problem.

» What Lenders Mainly Check

Banks and housing finance companies normally look at:

– Your monthly income and job stability
– Existing EMIs and other liabilities
– Credit score and repayment history
– Age and remaining working years
– Loan amount required
– Property value and legal documents
– Existing financial commitments

Good health is useful, but home loan approval is mainly based on your financial profile and repayment capacity.

» Loan Tenure Matters

At 38.5 years, you may still get a reasonably long tenure, depending on the lender and your retirement age.

However, a longer tenure means more total interest. So, do not select the maximum tenure only to reduce the monthly EMI.

A practical approach is to keep the EMI comfortable and use future salary increases or bonuses for planned prepayments.

» Check Your Overall Financial Position

Before taking the loan, look at the complete picture:

– Keep an emergency fund for at least 6 months of essential expenses.
– Maintain adequate term insurance covering the outstanding loan and family needs.
– Have sufficient health insurance.
– Continue your retirement investments even after starting the EMI.
– Avoid taking additional loans simply because your income permits it.
– Ensure the home EMI does not put excessive pressure on monthly cash flow.

» Final Insights

At 38.5 years, it is not too late to take a home loan. Your stable income, credit history and repayment capacity are more important than age alone.

If the property is for your own use and the EMI comfortably fits your long-term financial plan, age should not by itself stop you from considering the loan.

As an Investment professional , I would suggest assessing the home loan along with retirement, family protection, emergency fund and other financial goals. This gives you a proper 360-degree financial view.

Best Regards,

K. Ramalingam, MBA, CFP,
AMFI-Registered MFD – ARN 4188

www.holisticinvestment.in/

https://www.linkedin.com/in/ramalingamcfp/

...Read more

Anu

Anu Krishna  | Answer  |Ask -

Relationships Expert, Mind Coach - Answered on Sep 18, 2026

Asked by Anonymous - Sep 03, 2026
Relationship
My parents are being unreasonable after my marriage. They are 56 and 63 but they behave like kids. After marriage, for every festival, my parents expect me to come home and spend time with them. If I celebrate a festival with my husband or his family, they become upset and accuse me of forgetting my own parents after marriage. They also expect me to visit them frequently and feel hurt if I cannot meet their expectations. I understand that they miss me and that it may be difficult for them to accept the changes that come after a daughter's marriage. However, I now have my own home, husband and responsibilities too. I am pregnant and now the fight is between who does what and where I will stay after my pregnancy. Whenever I try to explain this to them, they become emotional and say that I have changed since getting married. I love my parents and don't want to hurt them, but I also don't want to feel guilty every time I make plans with my husband or his family. What should I do? Please help.
Ans: Dear Anonymous,
A few parents forget that when their children marry, they will go ahead and set up their own families...as they forget this, they also forget that by issuing pressing demands they have somewhere started to emotionally drain their children...
Spending time with them cannot become a demand and in your case you are being guilt tripped and made to choose between them and your family...

- mark your boundaries clearly; show them love by spending time with them when you can...it means that you may have to rework the way things have been up until now!
- if on a call with them, stick to talks that is casual and one that does not give them a chance to complain...keep the calls short
- visit them on a day that you have pre-decided (maybe once/twice a month on a particular day in case you are in the same city/town)
- if they are in another city/town, try to go around one festive time so that they also feel wanted and loved
- stop explaining why you need to go to your in-laws home; do you need to explain why you are visiting your parents to anyone; no, right?

Ultimately this is almost like setting new boundaries that will be uncomfortable BUT necessary in the long run.
You need some peace of mind t=during your pregnancy and emotions must enable you rather than drain you. Take the help of your husband in case you need him to draw these boundaries as your parents may not start to question him...take charge of this NOW...

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

...Read more

Nayagam P

Nayagam P P  |12567 Answers  |Ask -

Career Counsellor - Answered on Sep 18, 2026

Asked by Anonymous - Sep 09, 2026
Career
Hey there I am a cse ug student from a tier 3 college scored 95 in 10th 96 in 12th . Had a doubt,if it’s difficult for a student from a tier 3 college to get into top iims
Ans: Yes, students from Tier-3 colleges can certainly aspire to and gain admission to the top IIMs. The CAT is the primary entrance examination, but admission decisions are based on multiple factors, which may include CAT performance, Class 10 and 12 marks, undergraduate academic performance, work experience, diversity factors, and performance in the subsequent selection process.

Your 95% in Class 10 and 96% in Class 12 are strong academic credentials and can be advantageous in the overall evaluation. However, each IIM follows its own admission policy and assigns different weights to various components.

The reputation of your undergraduate college does not by itself make you ineligible. Some IIMs may incorporate academic background or institute-related factors differently in their selection methodology, but a student from a lesser-known college can still build a competitive profile.

Rather than focusing only on the college tier, aim for an excellent CAT percentile, maintain a strong undergraduate academic record, develop relevant skills and achievements, and prepare thoroughly for the interview and other selection components. A very high CAT percentile can strengthen your overall profile, although there is no single percentile that guarantees an interview call or final admission. All The Best for Your Prosperous Future!

Follow RediffGURUS to Know More on 'Careers | Money | Health | Relationships'.

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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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