Scoring Goals Through Planned Funding

The young urban Indian is aspirational. With a humble upbringing the wants and needs of urban Indians have grown multifold. While families have turned mostly nuclear, cash flows have increased due to both partners working thereby aiding these aspirations. My friend introduced me to such an Indian couple, Mihir and Pooja Shah. Mihir is a senior manager with a multinational chartered accountancy firm, while Pooja Shah is an IT professional working with a social media company. They also have a 4-year-old daughter. The Shah couple went about their lives without any advice on financial planning till Mihir had to buy a house. He then realised his corpus had evaporated drastically over the years due to the scattered nature of his investments and lack of timely tracking of the same. Mihir and Pooja both are drawing salaries of around Rs4,50,000 per month in total. They recently bought a...