SummaryIn this conversation, Rinie Gupta and Utkarsh from CashVisory discuss the importance of financial planning for parents, particularly focusing on securing their children's future through investments. They explore various financial goals parents should consider, the significance of starting investments early, and strategies for calculating future education costs. Utkarsh emphasizes the need for discipline in investing and the benefits of automating savings. The discussion also covers the elimination of poor investment options and highlights tax-saving mutual funds as viable choices for parents looking to invest for their children's education.Resources:1) Child education cost estimator: https://www.cashvisory.com/calculators-child-education 2) Step up SIP calculator: https://www.mutualfundssahihai.com/en/step-sip-calculator3) Cashvisory sign up: https://www.cashvisory.com/guided-journey4) Book a free consultation call with Utkarsh: https://www.cashvisory.com/home/book-a-consultationSocials:Follow Modern Indian Parent on Instagram -https://www.instagram.com/modernindianparent/Follow Cashvisory on Instagram - https://www.instagram.com/cashvisory/Chapters:3:33 Utkarsh's Journey into Personal Financial Advisory5:27 Starting CashVisory to Help Young Individuals to Invest7:15 4 Financial Goals Every Family Should Plan For12:02 Understanding How Much Money We Will Need for University in India and Abroad19:10 How Much Do We Need to Invest on a Monthly Basis for the University Fund?21:38 Should We Keep the Investment for Children's Education Separate from Other Investments?24:57 Creating Separate Investment Accounts for Children27:47 Best & Worst Places to Invest for Your Child's Education Fund34:37 Understanding Tax-Saving Mutual Funds36:58 Expected Returns on Investments39:21 Taking Action with CashVisory