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Mayank

Mayank Kumar  |193 Answers  |Ask -

Education Expert - Answered on Apr 27, 2023

Mayank Kumar is the co-founder and managing director of upGrad, a higher EdTech company. With over 10 years of experience in the education sector, Kumar can offer guidance about degree courses, campus, job-linked and executive programmes and studying abroad.An MBA graduate from ISB Hyderabad, he holds a BTech in mechanical engineering from IIT Delhi.... more
Trial Question by Trial on Apr 07, 2023Hindi
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Career

My sister has taken a drop year after class 12th for competitive exam but now she want to reconsider that she scored 66% in cbse class 12th science stream with maths d bio please suggest some career options for her to continue in Goa

Ans: There are several career options that your sister can consider based on her interests and strengths. Here are some suggestions: BioTech Engineering, Medicine, Healthcare Management. While there are a few institute's that offer these courses in Goa, you can explore an online degree while pursuing a engineering degree/management degree physically in Goa
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Praseeja

Praseeja Nambiar  | Answer  |Ask -

Career Counselling Expert - Answered on May 05, 2023

An internationally certified career coach, Praseeja Nambiar works as a counsellor at the Stonehill International School, Bengaluru.
In the last nine years, she has helped over 1,000 students with their admissions into Indian and international universities.
Nambiar received her training from Global Career Counselling and the University of California, LA (UCLA) Extension and is certified as a career coach by Certified Career Services Provider.
She contributes to the International Career and College Counselling institute by training other counsellors across the globe.
Nambiar is also an evaluator for the Council of International Schools and will soon be leading the IB careers-related programme at Stonehill International School.... more
Trial Question by Trial on Apr 07, 2023Hindi
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Career

My sister has taken a drop year after class 12th for competitive exam but now she want to reconsider that she scored 66% in cbse class 12th science stream with maths d bio please suggest some career options for her to continue in Goa

Ans: She can study business management, marine sciences, Psychology. University of Goa has some options mentioned. Goa College of Engineering has admissions on. Goa Institute of Management can be another option to study management sciences. Hospitality management is yet another great source of employability as the state relies heavily on tourism.
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My sister has taken a drop year after class 12th for competitive exam but now she want to reconsider that she scored 66% in cbse class 12th science stream with maths d bio please suggest some career options for her to continue
Ans: Hello,
There are plenty of career options available for your sister, even if she has taken a drop year after class 12th. If she does not want to take any competitive examinations further, below can be the options for her.

Bachelor's degree in Science: Your sister can consider pursuing a bachelor's degree in Science, depending on her interests. She can choose from a variety of courses such as Physics, Chemistry, Mathematics, Biology, Biotechnology, Environmental Science, etc.

Bachelor's degree in Commerce: If your sister is interested in business, finance, or economics, she can opt for a Bachelor's degree in Commerce.

Bachelor's degree in Arts: If your sister is interested in humanities, she can choose a Bachelor's degree in Arts and specialize in subjects like History, Political Science, Sociology, Anthropology, Psychology, etc.

Design courses: If your sister has a creative bent of mind, she can consider courses in design such as Fashion Design, Interior Design, Graphic Design, etc.

Mass Communication and Journalism: Your sister can also consider a career in Mass Communication and Journalism if she has a flair for writing, reporting, and communication.

Law: If your sister has an interest in law and justice, she can consider pursuing a degree in law and becoming a lawyer.

Hospitality and Tourism: Your sister can also consider a career in Hospitality and Tourism industry if she likes interacting with people and has good communication skills.

Management: Your sister can opt for a management degree and specialize in areas such as Marketing, Finance, Human Resource Management, etc.

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Asked by Anonymous - May 23, 2025
Money
I am 42 years and My husband is 45, We both are running a Sofa manufacturing factory.We have 2 kids 1 is in grade 6 and another is 3.5 years old. We don't have any EMI,I have saved money to both of my children 6 lakhs each in FD. Myself and my husband have saved around 30 lakhs which we have kept in FD, we have health insurance and 5 lakhs I have invested in ICICI mutual funds. We have our own house, car which are EMI free. Since too much competition in Sofa industry gradually business has gone down . If we decide to close our factory how much money should I have in my account to lead happy and tension free retirement life or what should we do know to have a good life.
Ans: Dear Friend,
You're in a strong financial position—no EMIs, own home, and decent savings. At 42 and 45, with two young children, you still have 10–15 years to earn and build wealth for a peaceful retirement actively.
You're financially stable with ?30L in FDs, ?12L saved for kids, and ?5L in mutual funds. But if you plan to close your factory, assess alternate income sources or part-time work. To retire comfortably, aim to build a corpus of ?3–4 crore over the next 15 years through a mix of equity mutual funds (SIP ?50–70k/month), PPF, and targeted investments for your kids' higher education. Keep 1–2 years of expenses in liquid funds. Since you’re debt-free, focus on maximising savings and generating passive income to ensure a tension-free retired life.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

...Read more

Nitin

Nitin Narkhede  |77 Answers  |Ask -

MF, PF Expert - Answered on May 25, 2025

Asked by Anonymous - May 23, 2025
Money
Hi Financial Guru's I am 32 and my wife 30 years old (no kids) earning 4L/mnth and also we have 1.3L/mnth of rental income , total 5.3L/mnth post taxation We have a home loan of 2.2 cr currently for 29 years old at 7.5% intrest Our goal is to close the home loan and create enough savings to retire at the age of 45 without worrying about the study of a kid. We are expecting to spend 1L/mnth once we reach age of 45, Based on our current spends trend ( also adding the inflation and educational expenses of a kid) Please Advise us the mode and the amount required to save to achieve this target of ours before we reach 45. Currently we don't have any savings of our own in any form.
Ans: Dear Friend,
You have a strong foundation with a combined monthly income of ? 5.3 L and a clear goal to retire by 45. Prioritise building an emergency fund of ?10–15 L first. Then, the monthly surplus (after expenses and EMIs) will be split between aggressive investments (70% in equity mutual funds/SIPs) and moderate options like PPF or NPS (30%). Target building a retirement corpus of ?6–7 crore by 45, which can support ?1L/month inflation-adjusted expenses. Simultaneously, prepay your home loan aggressively—aim to close it in 10–12 years by channeling bonuses/rent. Use term/life insurance and plan for your child’s education via dedicated SIPs. Disciplined investing is key to achieving your goals. Advice is to meet a Financial Advisor and create your life and goal plan.
Regards, Nitin Narkhede -Founder, Prosperity Lifestyle Hub,
Free webinar https://bit.ly/PLH-Webinar

...Read more

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