Kartik is in his late forties. He is professionally qualified and is doing well in his corporate job, with a high monthly salary. But he has a matching lifestyle. Both his teenage children go to expensive schools, and he plans to send them overseas for higher education. He lives in a large house and is still paying off its home loan EMIs. He has made sporadic but substantial investments in shares and mutual funds, which have done well.
Kartik has taken another home loan to buy a second flat which he has rented out. The double EMIs and other lifestyle
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