Need financial advice to reach my Financial goals

POSTED BY Madhura ON June 25, 2014 5:52 pm NO COMMENTS


I am 39. I want to go for a good investment keeping in view of my 3 goals.

1. To accumulate money to aid my daughter’s education (professional course) who is now in 7th Std.  Get a lumpsum of about 4-5 lakhs by 2019 April. For this, I can save 5000/- per month. Please let me know which will be better SIP or RD for 5 years? Which will save me tax and provide higher returns at the end of five years?

2. Be financially independent by 55 years even without a job.  I am an independent consultant and I cannot have job security. In the worst scenario, I can earn a minimum of 20000 per month out of which I can save Rs. 5000/- towards this goal. Please suggest how can I invest this amount to make my life secure after 55 years?

3. Buy a small house. This is an optional goal. Please suggest which investment mode should I put my extra earnings (which are saved through my earnings from the jobs I get offering me more than 20,000/month) to be able to buy a house in the coming 5-7 years with partial loan scheme.

I am looking for sound financial advise as I am not much knowledgeable on financial issues.

Thanks in advance.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download Our FREE Ebook!

Available only for first 100 people today

Download Our FREE Ebook!

Available only for first 100 people today