🔺 r/personalfinanceuFearless-Return7588·23 days ago
Need financial and personal suggestions , currently in bangalore expenses are high
I'm 36, working in bangalore earns upto 2.5L pm after taxes. Following are my investments Have a plot current worth 1.5cr Have a flat with home loan running of 50L Indian stocks and mutual funs 15L Cash in hand approx 5L. Have office health insurance. Recently we had a baby and planning finance for her education , also my parents 60+ are dependents paying 20k per month lives in own house in tier 2 city. I need some financial assistantance going forward how my investments should be, Im planning to clear the home loan debt is it a wise decision or let it go in emi and start investing in mutual funds, stocks,us stocks ,bonds etc. Considering the AI boom, I feel will have job for next 10 years and after that I'm really not sure. Sometimes also have a thought that I need to go to hometown after 10 years as the cost of living is lesser compared to Bangalore, also I can take care of my parents and kid schooling fees also is lesser. School fees here are too costly somewhere close to 3L per year including the bus uniform etc. Request to share if any financial advisor contact details who can guide clearly. submitted by /u/Fearless-Return7588 to r/personalfinance [link] [comments]