How to invest in the 40s? Chapter 2

Does it happen that you sit in an auto asking him to drive? When he asks, " Kaha jana hai?"?

You, " bhaiya Chalo, baad mey dekhley gey. Pehley chalo toh sahi."?

We don't do that normally. We decide the destination.?

Random investments aren't going to help you.?

It would help if you had Goal-oriented investment plans. In addition, it would be best to track how you are moving towards the goal.?

Have I planned for my child's higher education??

Have I planned for my child's marriage??

I don't know if she will marry after 15years or 17 years. Will it be a love marriage with no function or ceremony? Of course, but as a parent, I will still plan for that, no doubt about it.?

When I am Father-in-law/Mother-in-law.

Even if I stay in a rented house, do I have a large home to accommodate my extended and larger family? So it will be when I play my father-in-law's/ mother-in-law role, and this relationship will demand a lot from me. I always wanted to be regarded as a well-planned father-in-law/mother-in-law. So I should be able to keep the new members of my extended family happy and will be able to fulfill their basic requirements.?

I have my own house, but we need a larger home.?

Significant incidents that will happen in life in the next 180 months to 240 months:?

A. Child Education.?

B. Child Marriage.?

C. A bigger house.?

D. Retirement Plan.?

E. Vacation.

F. Inheritance Amount.?

It requires long-term planning. It required 120 months to 240 months of planning. So it needs discipline and planning for the long term.?

I want my daughter to be an MBA graduate from a renowned University in the US.?

For example, if you plan for abroad education for your Son/daughter, it will cost you 1 Cr today. If I assume your kid is ten years old, and you want to give her state of the art abroad education??

Let's assume that you aspire to send your kid to a university in the USA for an MBA; how much do you need to save?

Today it costs around 50 lacs.?

After 144 months, I am accounting for inflation, and it would cost approximately 1 cr.??

Even if you start with a 5 lac Lumpsum investment and 15K as monthly SIP, you will reach?

Minimum return: 72 Lacs.?

Average case return: 75 lacs

Good Case Return: 80 Lacs

I want my son to be an MBA grad and software engineer.?

Let's assume you want him to be a software engineer. A Software professional seems to be a reputed profession with even more good salaries as the percolation of AI, ML, and Database scientists, robotics happens.?

It will be great if they can crack an IIT entrance. First, however, I should plan for Engineering at a renowned private school if he cannot crack IIT.?

However, I will try my best for his IIT preparation. A two-year IIT preparation today costs 3 lacs which will cost 10 lacs after 20 years. I have not factored hike in fees by coaching institutes. Adding that will make it 15 lacs.?

A Govt. Engineering college will be a fantastic win, provided Govt. hasn't changed their fees structure massively.?

If we have to move to a premium Engineering college fee today is 15 lacs. After 12 years, accounting for inflation, it would be 30 lacs. After 240 months, it will be 50 lacs. If you have Sukanya Samriddhi Yojna, with a payment plan of 1 lac per month, then after 20 years, you will get 46 lacs.?

What if you want your daughter to be a doctor??

What if the kids want to start up a new venture??

Curious to know where you are now standing compared to your financial goals? Do you want to get a report with various permutations and combinations suggesting what to do??

Please send me a DM over LinkedIn. We will mail you.

We can send you?printed reports based on your custom case of income, Age, and financial goals?with various combinations and permutations that will guide you in investing without sacrificing today's entertainment & enjoyment??

What aspirations do you need to sacrifice, and now how does the portfolio appear? We will figure out all the combinations and share a report that will guide you on where to invest & how much? Then, with those investments, how close will you reach your goals??

To enjoy a comfortable life after retirement. Will it be 30 lacs per annum or take six lacs per annum.?

Assuming that you would live for another 30 years after retirement, they would need at least Rs 30 lakh per annum post-tax to enjoy a comfortable life.??

?30 lakh per annum over thirty years was much money.?

You might say: " I need at least Rs. 9 crores. Where will I get that sort of money from?"

Let's reduce the amount from Rs 30 lakh per annum to Rs?6 lac per annum?after retirement. But now I want to ask you:?how much amount do you wish to leave for inheritance as on date?

Based on your Age and Salary, every situation is different. For example, someone might need 30 lacs per annum, while others might need 6 lacs.?

Let's assume :?

Your current Age is 43 Years.?

Your Monthly expense today is 50K per month.?

You have decided to retire at 60 years.

You want to leave an inheritance amount of 50 Lacs.?

I am assuming your life acceptance is 95 years.

What if your Age is 33 years??

What if you want to leave an inheritance amount of 2 Cr??

What if your Salary is 4 lacs per month & not 2 Lacs??

Curious to list down your financial goals and see where are you today? How far can you reach??

At times you might feel frustrating.?What all do I do? I am already working so hard.?How can I achieve these goals? So let me tell you.?

Without passive income, you might have to sacrifice many of your aspirations. Until money doesn't work for you, it will be too hard to reach your life financial goals.?

Get in touch with us.?

We can send you printed reports based on your custom case of income, Age, and financial goals with various combinations and permutations that will guide you in investing without sacrificing today's entertainment & enjoyment??

In the Next Chapter, We will Share some examples suggesting where & how much you should invest and till what time frame? If you don't want to wait until then, you can reach us, and our consulting team will help you frame the plan at no cost.?