Real Story: How Varun Hiremath’s Fair Deal Helped a Farmer Family Plan Education

How Varun Hiremath and Fair Deal Helped a Farmer Family Plan Their Daughter’s Education

Varun Hiremath and Fair Deal Wealth Advisors have educated several families living in the core of Maharashtra rural areas on financial planning. By proper financial planning, Ramesh can now, give his daughter, Ankita a better and brighter future. It is the type of assistance that changes lives and creates new opportunities that make the hard-working people achieve their dreams and ambitions and make it available to the next generation.

The Background: A Family With a Dream

Ramesh Patil was a farmer who lived in a village near Nashik whose income state was rather unstable, despite his efforts to work around the clock under the sun. He wanted to see his daughter become a teacher that was why he was dreaming of providing good education to his daughter.

His life took a tremendous turn after meeting one of the volunteers at Fair Deal Wealth Advisors during a camp organized by the Hiremath Foundation, a non-profit organization under the leadership of Varun Hiremath.

Step 1: Listening, Not Selling
Varun Hiremath’s team at Fair Deal Wealth Advisors listen to the client’s financial goals and offer personal advice accordingly so they can achieve their financial goals. They asked:

• What does your daughter want to become?
• When would you need the funds for her education?
• What amount feels comfortable for you to set aside each month?

This emphasis on the goals and dreams of the client marked a remarkable shift for people like Ramesh.

Step 2: Creating a Simple, Clear Plan
After listening to Ramesh’s dream for Ankita's education, Fair Deal Wealth Advisors came up with an effective financial plan, which was practical and sustainable for the long term. The plan included:

• A 10-year SIP (Systematic Investment Plan) of ₹500 per month in a balanced hybrid mutual fund.
• The SIP’s maturity coincided with Ankita’s 12th standard graduation and generated funds for her higher education.
• Annual reviews were conducted on Ramesh’s off-season to check if the plan was on track.

For Ramesh, this investing felt like tending to a second crop, that would yield a future for his daughter.

Step 3: Tracking Progress
The tracking of his investment was done by a Fair Deal advisor during Ramesh’s off-season, where they laid emphasis on:

• Explaining portfolio growth in simple, understandable terms.
• Encouraging Ramesh to stay consistent, even during tough farming seasons when income was low.
• Adjusting the plan for inflation, ensuring it kept pace with the rising costs of education.

Soon the financial strategy turned into an educational partnership, imparting knowledge and confidence to manage finances effectively.

The Result: Goal Achieved

With the help of SIP, by 2024, Ramesh was able to fulfill his dream, and Ankita completed her 12th-grade exams:

• He could afford her D.Ed (Diploma in Education) program fees.
• He bought her a second-hand scooter for her daily commute to college.
• He purchased her first mobile phone, giving her the tools to attend online classes and continue her education.

Ramesh’s dream turned into a proud reality, and he extended his heartfelt gratitude to Varun Hiremath and Fair Deal Wealth Advisors.

What This Story Teaches Us

Here’s what we can learn from Ramesh’s story:

• Financial Planning is Not Just for the Wealthy: Financial planning is open to all, regardless of their income levels.
• Consistency Trumps High-Income Guesswork: Long-term, steady savings and investments are better than relying on fluctuating income.
• A Good Advisor Understands Your Needs and Values: A professional financial advisor will not just focus on selling products but will also understand and work towards the client’s goals and values.

Today, Ramesh was boasting, "My daughter now tells me that I am her first investor. This was made possible through proper financial planning not only in the monetary side of things, but also in enabling people to have big dreams and reach their targets."

Varun Hiremath: A Leader in Financial Empowerment

Varun Hiremath, the leader of the Fair Deal and the Hiremath Foundation has demonstrated that anyone can plan and not only the rich, but also those with a dream.

Under Fair Deal Wealth Advisors, Varun had been able to offer personal advice to clients to help them sustain over the long term. Through him, thousands of people including Ramesh could build their financial destinies and achieve their dreams.

Fair Deal Wealth Advisors – Helping Real People Achieve Real Goals

At Fair Deal, we seek to give you a blueprint to your dream, big or small and enable you to succeed financially. We will make you a colossal financial success in the future, through our humility, uniformity and personalized service.