Refinancing their money to lower rates or boosting your money by way of side hustles could help perform your debt load

Ans: Provided your targets of becoming debt-free and you will retiring comfortably from the age fifty with possibly a month-to-month money from 6 lakhs otherwise a great corpus away from 31 crores, its imperative to create a strategic economic plan.

Firstly, why don’t we address your own loans. Having a complete outstanding home loan from 44 lakhs and you can good car finance out of 4 lakhs, your month-to-month EMIs summarize in order to 140k. Your monthly expenses are 142k, leaving nothing place having deals.

Provided the seven lakhs on PF membership, making use of a fraction of it to attenuate your highest-interest funds is going to be useful. Read More >