I am confused, how to Overcome from financial crisis?

POSTED BY kalai ON August 28, 2013 1:41 pm COMMENTS (8)

Hello Mr. Manish

I have few queries regarding my financial planning

i have a boy does his Sr.kg, i want to save at least 20lakhs at his maturity, now i am paying a interest to bank Rs.10000/- per month due to the personnel loan.
how can i overcome from this issue, what is the best way to invest? my saving are very small …. kindly suggest me

From all these issues, i have applied for CFP. Is this right?

8 replies on this article “I am confused, how to Overcome from financial crisis?”

  1. kalai says:
    August 29, 2013 at 1:54 pm

    Mr. Ashal

    In Today’s economic condition, To buy a plot or Flat is a challenging role. That’s why i thought selling the land now, may be trouble in future.

    Reply
  2. kalai says:
    August 29, 2013 at 1:52 pm

    Dear Mr. Ashal, Thanks for your kind solution.

    Actually i have kept the land for my son higher education, in Future if i cant able to make-up him for his higher education. i should use the land for his studies

    Reply
  3. Ashal Jauhari says:
    August 29, 2013 at 1:38 pm

    Dear Kalai, why are you not selling that city outer limit land to pay off your all debt & to invest also for the future needs as mentioned by you?

    thanks

    Ashal

    Reply
  4. kalai says:
    August 29, 2013 at 12:02 pm

    my spouse sal is used for regular activity(Separate) like grocery, school fees, medical expense, emergency expense, …….. so on

    Cash flow – My sal around – 15K
    asset – My home, & 3600sqft land outer city
    Investment – Monthly 5000/- (LIC monthly saving 500/-)
    that’s all

    Reply
  5. Ashal Jauhari says:
    August 28, 2013 at 5:47 pm

    Dear Kalai, with out knowing your current cashflow, assets & investments we can not advice on debt restructuring.

    Thanks

    Ashal

    Reply
  6. BanyanFA says:
    August 28, 2013 at 5:41 pm

    Kalai,
    I do appreciate your desires to enhance your academic skills around financial planning via the CFP course so that you can get have a good financial future.

    Planning for your debt needs a thorough investigation of your cash flows, which unfortunately can not be performed via a forum. You need to get help from a financial advisor / consultant to look into your affairs and help you out of your debt trap.

    Reply
  7. kalai says:
    August 28, 2013 at 3:36 pm

    Dear Mr. Ashal, First, I need how to retrieve my debt.

    And next i want to plan for Financial Planning, for my retirement and for my Son’s higher education.

    Thanks in advance

    Reply
  8. Ashal Jauhari says:
    August 28, 2013 at 3:27 pm

    Dear Kalai, do you want debt counselling or do you want financial planning? What do you mean by ‘applied for CFP’?

    Thanks

    Ashal

    Reply

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