Family Finance: Why Joshis have enough time to build sufficient corpus for all financial goals

Early start to planning by Hyderabad-based Joshis will help them build sufficient corpus for all goals. Himanshu and Neha Joshi are IT professionals staying in Hyderabad with their four year-old child. They get a combined monthly salary of Rs 1.9 lakh and, after expenses and investment, are left with a surplus of Rs 10,108. They have already bought a house worth Rs 72 lakh, for which they are paying an EMI of Rs 45,000. They are also servicing a car loan of Rs 3.2 lakh with an EMI of Rs…

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Parents didn’t have electricity at home or enough money to send me to school: UPSC rank 3 topper

How did a farmer’s son from a remote village in Andhra Pradesh make it to rank three, all-India level, in the Union Public Service Commission’s civil services 2016 examination? There was a time when 30-year-old Gopala Krishna Ronanki’s parents, Ronanki Appa Rao and Rukminamma, an agricultural labourer often out in the fields, did not even have electricity at home or enough money to send him to a private school. Ronanki has been a teacher in a primary school for the last 11 years. His family belongs to Parasamba village of…

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