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Mayank

Mayank Chandel  |2287 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Mar 16, 2023

Mayank Chandel has over 18 years of experience coaching and training students for various exams like IIT-JEE, NEET-UG, SAT, CLAT, CA and CS.
Besides coaching students for entrance exams, he also guides Class 10 and 12 students about career options in engineering, medicine and the vocational sciences.
His interest in coaching students led him to launch the firm, CareerStreets.
Chandel holds an engineering degree in electronics from Nagpur University.... more
Subhashree Question by Subhashree on Mar 03, 2023Hindi
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Career

Mam I am preparing for neet 2023. I have a lots of backlog because I started too late. There is only 2 months left for neet... I am so worried and depressed about it. How to complete this huge syllabus in 2 months and one more problem is that the further I go forward, the more I forget the back chapters which I studied... What to do mam please tell.?

Ans: Hello Subhashree
Appear for mock tests as much as you can. This will help you in identifying your weaker areas and improve them. To be honest you cannot complete the syllabus of 2 years in 2 months. You can only improve your preparation which you have done over the 2 years time.

All the best.
Career

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Hello I am a neet 2025 aspirant and it is my 2nd drop ....when I started preparing for neet 2025 I was very confident and was studying sincerely but then I lost my interest in studies I wasted 3months and now only 4months left for neet I am getting worried what to do next plz help me....I am preparing from online and living at my home I am getting distracted by my surrounding and also by the mobile phone
Ans: My initial recommendation for you is to avoid placing sole reliance on NEET. It is prudent to devise alternative strategies, such as Plan B and Plan C, to adequately prepare yourself for various medical-allied courses by participating in an additional 3-4 entrance examinations as well. In the midst of a demanding phase such as NEET, it is quite common to experience feelings of being overwhelmed. Nonetheless, through a thoughtful approach and consistent effort, one can effectuate substantial transformations. Initially, assess and recalibrate your situation, transition your perspective from worry to proactive engagement, and segment the journey into manageable components. Focus on subjects that offer substantial intellectual returns, such as Biology, Physics, and Chemistry. Organize your study environment and monitor your phone usage. Develop a comprehensive four-month plan, commencing with biology and subsequently progressing to subjects of greater weight and complexity. Mitigate distractions through the regulation of mobile device usage, fostering communication with family members, adhering to a structured routine, seeking assistance and motivation from diverse platforms, and promoting overall well-being by ensuring adequate sleep, consuming nutritious foods, and engaging in physical activities such as yoga and meditation.
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Nitin Narkhede  |68 Answers  |Ask -

MF, PF Expert - Answered on May 19, 2025

Asked by Anonymous - May 18, 2025
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I am 47 years old, have saved approx 2.3 crs through mutual funds, nps, epf, etc. I save around Rs1.25 lacs pm. I wish to work for 5-8 more years. My son is in 12th and wants to pursue engineering. I live in office provided lease accommodation and dont own any house. Is purchasing a house in my name necessary or can I just continue to save for retirement and stay on rent? Will the corpus be enough when i retire after 5-8 years?
Ans: At 47, with a solid corpus of ?2.3 crore and monthly savings of ?1.25 lakh, you're on a strong financial path. If you continue saving for 5–8 years, assuming modest growth (10% annually), your corpus could grow to around ?4.5–5.5 crore—potentially sufficient for a comfortable retirement, especially if expenses are kept in check.

Buying a house isn’t strictly necessary unless emotional security or future housing stability is a priority. Renting can remain viable if you're disciplined with investments and ensure rising rents don’t strain your retirement income. You may also consider buying a smaller house closer to retirement, funded partially by your corpus, without compromising long-term returns.

Also factor in your son’s engineering expenses in the next few years, which could temporarily reduce your savings rate. Ensure you’re adequately insured (life and health) and have an emergency fund. A financial plan aligning your retirement income needs with inflation-adjusted expenses will help fine-tune your decisions.
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MF, PF Expert - Answered on May 19, 2025

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MF, PF Expert - Answered on May 19, 2025

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Dear Sir, Me and my wife are 39 years old, our total in hand income from salary is 1.3 lakhs. I have a car loan EMI of 28100, 4 yrs left in tenure. We have personal loan EMI of total of 25k monthly and 4 yrs remaining. We have invested in 3k monthly in PPF and 6k monthly SIP in MF (both of us incuded). We pay rent of 26k per month. Our kid is 2.5 yrs old and we have put him in daycare as we have to go office. Daycare expenses are 9k per month, including his 3 times meal. Petrol expenses are 7k per month (have to take our own car as using public/shared/office transport takes additional 1 hr to an fro from office). Broadband and moble connection together costs us 2.2k per month and Electricity is 1.8k per month. Remaing amount is spent in Groceries+Misc. We dont have any gold/own house/land/parents house or any savings left nor do we have any cash left. We dnt have any insurance for neither of us. Our child is growing and we need money for his education and futue, we need to buy a home for ourself. How to plan for our child's education and future and our retirement and our income and our future.
Ans: Dear Deepankar,
At 39, with a child and heavy EMIs, focus first on stability. Get term insurance (?1 crore each) and family health insurance (?10–15 lakh). Build a 3-month emergency fund by cutting discretionary spends. Consider refinancing loans to reduce monthly EMIs. Pause SIPs temporarily; restart once debts ease. Shift to a more affordable rental if possible. Delay home buying until finances improve. Track every expense and optimize where possible. Later, restart SIPs for your child’s education and your retirement. Discipline and clear priorities now will secure your family's financial future. Consult a financial planner to structure goals and investment strategy effectively.
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