After clearing most loans, the car loan will remain. A monthly expense of 17,500 INR is suggested, with 7,500 INR set aside. The remaining amount should be invested starting at age 35, with the expectation of income growth and bonuses being applied to loan repayment first.
"After paying this EMI if you still have an expense of ₹10 which should not be the case because the child must have grown up and expenses must also be coming, assuming this expense of ₹10 you will have ₹27500 and my opinion would be that at this point you keep ₹7500 separately, then increase your monthly expense by ₹100 to ₹17500, do whatever needs to be done, wherever needed and start investing ₹00 from this sure sir every month and at this point your age would have been 35 years so you should be investing according to your age and your income right now we have not considered any income growth, within two years that income growth will also come, some company bonus will also come. There will be thousands of such things. But all of that is surplus money which you should not be using for anything except paying the loan. So this 20-month plan will probably be completed in just 15 months. It will be missed. If you are getting any surplus from anywhere, you will start adding that also towards the principal. But let's assume this will be a 20-month journey. At this point you should start investing."
