Who is Sailee Satish Angane
Sailee Satish Angane, a Mumbai-based professional, has faced more challenges in her 27 years than many would in a lifetime. Her journey, which took her to France for higher studies, was derailed first by the COVID-19 pandemic and later by a serious medical condition. Despite these setbacks, Sailee managed to navigate the pressures of managing an education loan, helping her family with household expenses, and building a stable financial future.
The Financial Struggles and Solutions
One of Sailee’s key strategies to overcome financial pressures has been securing a dual source of income. She balances her full-time role as a marketing executive with teaching French in the evenings and weekends. This dual-income setup has not only allowed her to meet her day-to-day expenses but also to make significant strides in her financial journey.
Instead of pursuing post-study work options in France, Sailee decided to return to India, where she believed the job market offered better opportunities and the cost of living was more manageable. She has also started investing her income in mutual funds with the guidance of a financial advisor, which has become an essential part of her long-term financial planning.
Sailee’s Investment Strategy
When Sailee first began her investment journey, she had little knowledge of financial markets. Her father had only invested in bank fixed deposits, but after connecting with a mutual fund distributor in 2022, she decided to explore this avenue. Currently, Sailee has allocated 58% of her portfolio to equity funds and 42% to non-equity funds, with an eye on long-term financial growth.
Her equity investments are diversified across various fund types, including large-cap, mid-cap, small-cap, and flexi-cap funds, while her non-equity portion is focused on liquid funds for emergency needs, arbitrage funds for short-term goals, and equity savings funds for medium-term goals like her marriage expenses.
Insurance for Protection
Understanding the importance of financial protection, Sailee took out a ₹50 lakh term insurance policy, especially since she is the sole earner in her family. Her father, who is retired, and her mother, who runs a small babysitting business, depend on her financial support.
Balancing Work, Health, and Family
Sailee’s commitment to her education and career was tested when, after returning to India due to the pandemic, she faced a serious medical condition. She was diagnosed with a rare spine infection in 2021, which required extensive treatment. Despite this, she continued to teach French online, earning income to cover both her household expenses and the growing education loan.
Fortunately, after a year of treatment, Sailee fully recovered and resumed her job search. By 2023, she had secured a position as a marketing executive and was able to stabilize her financial situation, making regular loan payments and even making lump-sum contributions toward reducing the loan principal.
Financial Planning and Future Goals
Today, Sailee is not just managing her finances but planning for the future. Her investment strategy focuses on paying off her education loan, which she hopes to close by selling profits from her equity investments. She has also begun to build an emergency corpus for unexpected situations and plans to purchase medical insurance for herself and her parents.
In addition to these goals, Sailee aims to create a financial cushion for her parents to provide them with greater financial freedom. By building a small emergency fund and planning her investments carefully, she is ensuring that her family’s financial future is secure.
Conclusion: A Story of Resilience
Sailee’s journey is a testament to resilience in the face of adversity. From battling personal health issues to managing the financial strain of an international education, Sailee has shown that with determination, the right financial planning, and a bit of guidance, it’s possible to turn challenges into opportunities.
Through smart investment choices, maintaining a balance between work and personal life, and preparing for the future, Sailee is creating a secure and prosperous future for herself and her family.
Source taken from linked in – sailee-satish-angane
