Sunder ki kahani

Sunder kaun hai?

Sunder is a married man aged 45 working in a MNC. Sunder has two children who haven’t yet entered their graduation.

Sunder’s spouse is an able housewife who takes care of all the household chores. 
Children are intelligent and good in studies.

Sunder earns a handsome monthly salary of around 3.5 lakhs per month and has a bank balance of 50 lakhs. Sunder has a car and stays in his own flat. Sunder and family are also insured.

Wow, All good right.

But Sunder is worried. Why ??

Sunder is worried because he hasn’t planned anything for his retirement. Sunder doesn’t know if the accumulated corpus of 50 lakhs is enough for the education and marriage of his children.
Also, taxes and expenses eat away a major portion of his salary and in the end Sunder is left with only 1 lakhs for savings each month. 
 
So what does Sunder do?
Sunder himself being an intelligent person decides to get rid of his worries. Sunder and his family decide to approach a professional and take his help in managing his finances. Together, they discuss and decide on all his life goals like his retirement, Child education, marriage and early retirement. They calculate the roughly required amounts for each goal and begin investing for each goal.
Sunder and his family are all now aware of goals and begin to save for goals. Due to awareness about goals and the discipline, their savings also increase.
 
Sunder aur parivar apne jeevan ko sundar bana rahe hai. Aur aap?

The above story is purely fictional and any similarity with any individual is purely coincidental.

 

This blog is written by Harsha Tandure. 
MBA Finance(SCMHRD), cleared CFA level 3, FRM level 1, former Credit Suisse employee & RBI Intern. 
Currently managing investments of his esteemed clients.