Profile – Male, 27.5, Unmarried, Middle-Class, Delhiite
Education – DU and MBA (Both Tier 1)
Profession – Job at MNC
Assets (In order of Liquidity)
Savings/Salary Account – 50K
FD (All digital and can be broken immediately) – 5L
Gold ETF – 9L
Stock – 2L
MF (All Indian) – 11L
EPF – 7.7L
LIC 845 (Dad forced at age 21) – 5.6 Paid, 80K per year remaining for 8 more years
Flat (Pure Investment) – 85L (What I was offered last)
Land (VVV Risky – Chale toh chand tak nahi toh shaam tak) – 10L (Taking only 50% of value here)
Liabilities
Edu Loan – 16L at 6.7% PA – 7 years remaining
Home Loan – 30L at 7.15% PA – 8 years remaining
Monthly credit card bills (10–50K – Depending on vacation months)
Contingency Plans
Term Insurance – 2.5 CR
Health Insurance – 50L (High amount to account for future price increase of healthcare costs)
Planning to get married next year. What should be my goal financially? To pay off all loans or build asset classes and service the loans fully? The low interest rates are compelling me not to pay them off early – but the returns on MF have not been good as well this year haha!
Also – Please review my state as well. Any suggestions and thoughts are welcome!