I am a female (age 29 yrs), earning 45000pm. I have two LIC policies for 10 yrs period, premium 6000 and 12000. i have also invested 30000 in LIC samrudhhi plus. I have a PF account in the post office which I opened last year only with 50000. I have absolutely no idea about how to make financial plans. I have always invested money based what people from family, friends have suggested (complete nishaani of a “soya” invester )…..but now after joining jagoinvester I know that one should plan his/her finances. I have the following requirements now:
1) what shall I do if I am aiming at having 1cr after 10 years (I can invest 10k per month)??
2) my husband is having a home loan of 16lacs for 20yr with interest rate of 11.5% from HDFC bank , we are planning to pre-pay 100000 per yr, is it going to be helpful or shall we think of investing tht money somewhr else??