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Kanchan

Kanchan Rai  |663 Answers  |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  |1809 Answers  |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  |663 Answers  |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  |11448 Answers  |Ask -

Mutual Funds, Financial Planning Expert - Answered on Aug 29, 2026

Money
i am having happy family floater policy from oriental insurance company for medical insurance.The policy amount is Rs.8,00,000/-This policy covers my family .In my family,myself(AGE 66years),my wife (Age 51 years) And my son (AGE 21 years).Since 8 lakhs is not sufficient amount now a days for health coverage,I want to enhance the mediclaim policy amount.Since I am 66 years old,including my self in the same policy may increase premium amount.Please suggest me a good policy giving direction whether I should take 3 different policies individually for each one of us,or shall I make my wife and son a separate group.suggest me if I have take any separate policy for any type of critical illness like cancer?I was a smoke from my 22nd year to 50th year,i.e. from 1982 t0 2010.Since then I stopped smoking.But I was a heavy smoker smoking on average 20 cigarettes a day.If Iincrease our coverages to 15 lakhs rupees,is it sufficient.or any other suggestion.Similarly suggest a good policy and from whom I should take these policies.I can not enhance the existing policy as oriental insurance is not interested to enhance the policy amount because of certain claims which were there in this year and previous year. Thanks and Regards.
Ans: » Current position

Your concern is valid. At age 66, medical costs can rise sharply.

Your existing Rs.8 lakh cover should not be discontinued casually.

It has valuable continuity benefits.

Keep the existing Oriental Insurance policy active for now.
Do not cancel it before securing alternative coverage.
Your wife and son need not remain in the same floater.
Your age can significantly increase the floater premium.

» My preferred structure

I would consider a two-layer arrangement.

You: separate individual health policy.
Wife and son: separate family floater policy.
Existing Oriental policy: retain as an additional layer initially.

This structure gives better control over future premiums.

Your son is only 21, so his medical risk is relatively lower.

Your wife is 51, so a family floater can still work well.

For you, an individual policy is more suitable at age 66.

» Is Rs.15 lakh enough?

Rs.15 lakh is a reasonable minimum target today.

However, I would prefer higher overall protection.

Hospitalisation costs can become very high for major surgeries.

Cancer and prolonged treatment can also create large bills.

A practical structure could be:

Existing Rs.8 lakh policy as the base.
Separate individual cover for you.
Additional super top-up protection for the family.
Suitable cover for your wife and son through a floater.

This can provide stronger protection without a very high base premium.

» Why super top-up can help

A super top-up can provide additional protection above a chosen deductible.

It can be more economical than buying a very large base policy.

But please check the deductible carefully.

Also check whether the deductible works on annual aggregate claims.

This point is very important.

Do not buy a super top-up only because its premium looks cheap.

» Should you take separate policies?

For you, yes, I would seriously consider an individual policy.

For your wife and son, a floater can still work well.

There is no strong need to create three separate policies immediately.

The better structure depends on age and medical risk.

» About your previous smoking

You smoked heavily from age 22 to 50.

You have now stopped smoking for around 16 years.

That is a positive factor.

However, disclose your complete smoking history.

Do not hide it while purchasing a new policy.

The insurer may ask about smoking and previous medical conditions.

Your previous claims must also be disclosed correctly.

Non-disclosure can create problems during a future claim.

» Do you need a separate cancer policy?

I would not make a standalone critical illness policy your first priority.

First secure strong comprehensive health insurance.

Then consider critical illness protection if suitable.

Critical illness insurance generally pays a fixed amount after covered diagnosis.

It is different from regular health insurance.

Regular health insurance mainly covers eligible medical expenses.

Therefore, critical illness cover should be supplementary protection.

» Important conditions to check

Before selecting another policy, carefully check these points:

Room rent restrictions.
ICU restrictions.
Disease-wise sub-limits.
Co-payment requirements.
Pre-existing disease waiting period.
Specific disease waiting periods.
Maximum entry age.
Lifetime renewal availability.
Restoration benefit.
Day-care treatment coverage.
Non-medical expense coverage.
Claim settlement process.
Cashless hospital network.
Premium increases with age.

Avoid policies with heavy sub-limits.

Also be careful with compulsory co-payment at your age.

A lower premium may come with higher out-of-pocket expenses.

» What about portability?

Your existing policy has considerable value because of its continuity.

Health insurance portability can preserve certain accrued continuity benefits.

However, the new insurer will still perform medical underwriting.

Additional coverage can also have applicable waiting periods.

Therefore, do not surrender your existing policy casually.

» One important strategy

Since Oriental Insurance has declined enhancement, do not focus only on enhancement.

Instead, explore a fresh policy alongside the existing policy.

Your existing Rs.8 lakh cover can remain useful.

The new policy can provide additional protection.

This may be better than replacing the existing policy completely.

» What I would do in your case

My preference would be:

Continue the existing Rs.8 lakh Oriental policy.
Take a separate individual policy for yourself.
Take a separate family floater for your wife and son.
Add a suitable super top-up after checking conditions.
Consider critical illness protection separately.
Review the complete structure every year.

At age 66, continuity is extremely valuable.

Therefore, replacement should happen only after careful underwriting.

» One more important point

Because you mentioned previous claims, insurers may scrutinise your medical history.

Please obtain your complete claim history and current policy wording.

Also collect your recent medical reports.

This will help in getting accurate underwriting decisions.

Do not make decisions only from premium quotations.

» Final Insights

Your Rs.8 lakh cover should not be considered useless.

It is an important foundation because of its continuity.

Your next objective should be additional protection.

I would consider Rs.15 lakh as the minimum overall base protection.

However, I would prefer larger total protection through a super top-up.

For your age, policy conditions matter more than the cheapest premium.

For your wife and son, a floater can remain practical.

For yourself, an individual cover deserves serious consideration.

The final insurer should be selected after comparing policy wording.

Also compare exclusions, co-pay, waiting periods and underwriting.

Best Regards,

K. Ramalingam, MBA, CFP,

AMFI-Registered MFD – ARN 4188

www.holisticinvestment.in/

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

...Read more

Vivek

Vivek Lala  |326 Answers  |Ask -

Tax, MF Expert - Answered on Aug 29, 2026

Money
Hi, Myself Raj Banerjee aged 49 years. I am single. I work as IT professional and currently facing some challenges in job. My current annual expense in approximately 12L. I have small house and do not plan / aspire for any more real estate. Till now I have been able to accumulate 7.8cr all in Bank FD/savings, 90L in PF, 20L in PPF (still 7 years to mature), 25L in stocks and gold (50:50 split). I do not have any Life Insurance but have medical insurance for myself (5L retail policy + 8L corporate policy). Recently, I have started moving money from Bank to Mutual Fund monthly as below: ABSL MediumTerm Debt Direct Growth: 1L Parag Parikh Flexi Cap Direct Growth : 25K HDFC Flexi Cap Direct Growth: 25K Quant Multi Asset Direct Growth: 25K Nippon Multi Asset Direct Growth: 25K I plan to follow this till Bank FD falls to 2 cr, then in such case my tax out flow will be negligible in case of job loss and I can have expenses covered from interest. I am requesting help that assuming if I lose / leave job immediately is my approach looks okay or suggest better option so that I can generate income from investment and plan for living till 90 years.
Ans: Hello,

I’m glad to see that you understand the importance of personal finance and have built a strong financial position at the age of 49. Having said that, after reviewing the information shared, I believe there are a few important changes that can significantly improve the efficiency of your portfolio.

My observations:

1. Term Insurance
Based on your current financial position and the corpus you have already accumulated, I don’t believe term insurance is essential purely from a financial dependency perspective, provided your existing investments are sufficient to meet your family’s long-term requirements and there are no significant outstanding liabilities.

2. Current Asset Allocation
Your total liquid net worth is approximately ?9.15 crore, of which nearly 97% is invested in debt/liquid assets.

3. The biggest concern : excessive allocation to debt.
At your age and with your investment horizon, I believe the current debt allocation is too conservative.

A debt portfolio may reasonably generate around 7% over the long term, while your personal/real-life inflation could be closer to 8% or more, despite the official CPI inflation number being lower. This means that after adjusting for inflation, your purchasing power could actually decline over time.

The objective shouldn’t simply be preservation of the ?9.15 crore corpus, it should be preserving and growing its purchasing power for the next 30–40 years.

4. Retirement Readiness
Based on the numbers shared, your current annual withdrawal requirement is only around 1.3% of your total portfolio.

That is an extremely comfortable withdrawal rate. Subject to your future goals, liabilities and lifestyle requirements, I believe you are financially well positioned to consider retirement even today.

Changes I would recommend:

1. Maintain an emergency/liquidity corpus of approximately ?1 crore
Keep this in liquid/debt-oriented instruments for emergencies, near-term requirements and peace of mind.

The remaining corpus can be gradually moved towards a well-diversified portfolio of equity-oriented investments, including Mutual Funds, PMS and AIFs, depending on your risk appetite and suitability.

2. Re-evaluate your existing Mutual Fund portfolio
From the information shared, several of the funds appear to have been selected based on recommendations commonly seen on social media platforms.

There is nothing inherently wrong with that, but I would strongly recommend evaluating each fund based on portfolio quality, consistency, downside protection, fund manager track record, valuation, risk-adjusted returns and its role within the overall portfolio, rather than simply looking at past returns or popularity.

Appropriate changes can then be made wherever required.

3. Suggested allocation for the 7 crore Mutual Fund portfolio

As a starting framework, I would consider:

15% — Large & Mid Cap
15% — Multi Cap
15% — Mid Cap
15% — Small Cap
15% — Value
15% — Flexi/Value-oriented strategies
10% — Select thematic opportunities

The exact funds and final allocation should, of course, be decided after understanding your risk tolerance, investment horizon, cash-flow requirements and specific financial goals.

My overall view

You have already done the difficult part is building a substantial corpus.

The next stage is not about taking unnecessary risk. It is about putting the corpus to work efficiently while ensuring that it continues to grow faster than inflation.

With a 9.15 crore liquid corpus and a withdrawal requirement of only around 1.3%, I believe your financial position is extremely strong. The focus now should be on asset allocation, portfolio quality and long-term wealth preservation, rather than simply accumulating more money.

These are my preliminary observations based on the information shared. A detailed recommendation would require a deeper understanding of your goals, liabilities, risk profile, family requirements and existing investments.

Would be happy to hear your views and discuss the same further.

Do let me know your views on this on my website or on my LinkedIn profile, attaching the link :
https://www.slwealthsolutions.com/
- CA VIVEK LALA

...Read more

Nayagam P

Nayagam P P  |12535 Answers  |Ask -

Career Counsellor - Answered on Aug 27, 2026

Asked by Anonymous - Aug 27, 2026
Career
Sir I took admission to uvce cse after kcet round 2 results. Should I take part in round 3 of kcet now? I missed cse at bmsce by 335 ranks (general merit category) Will my original documents be given back? They also made us enter our details in the college ledger of uvce which was part of the admission process. I am also scared because of the huge seat intake of bmsce.Should I stay with uvce or is bmsce worth applying for next round ? Where do I have better placements guaranteed?
Ans: It is better to stay with UVCE CSE. You might be ineligible for KCET Round 3 after taking admission. UVCE offers better ROI, lower fees, and strong CSE placements; BMSCE’s higher intake doesn’t guarantee better outcomes. Over the next four years, focus on continuously strengthening your technical and non-technical skills, building a strong project and internship profile, and developing a professional network through LinkedIn with college faculty, seniors, alumni and professionals in your areas of interest. Also, keep yourself updated with evolving industry and job-market trends so that you can plan and prepare effectively for campus placements by the time you reach your final year. All The Best for Your Prosperous Future!

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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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