Journey from Company HOD to Successful Wealth Management Company Director

I, Mr. Elroy Homen, 43 years old, am a Financial Planner. I have pursued BCom and currently running my business – “Yohann Wealth Managers” at Mumbai.

I started my career in Automobile segment in the year 1998 as a dealer for many cars. My father being in Automobile Industry, motivated me to explore the sector as well. After getting married and starting my family, I wanted to buy a flat but soon realized that money collected was not enough. I still managed to buy a flat with an EMI and cut down expenses. I met Mr. Nishigandh Gurav who guided me on how I can have an additional income and enough corpuses for an early retirement, if I started investing and planning my finances.

Meanwhile, the Automobile sector was slowing down and it was difficult to sustain as well. Companies have a cut down on experienced employees over fresher’s to reduce costs and managers would also have to support the management instead of the right cause. Everything became target oriented, in comparison to how my father always thought that jobs are secured, I felt rather insecure. The stress was becoming too much and so I took a break. The break would have not been possible if the early retirement corpus was not there. My wife quit her job soon after.

We wanted to start our own business. My wife wanted to start something in eateries but the Investments were high. Mr. Nishigandh helped us plan our finances and the possibility of start-up, which is when he suggested us to start something that will not require extra capital. In 2017, he introduced us to the Mutual Fund Distributorship. I had the basic background knowledge and calculation and with the guidance of Rane Sir we could move forward in the right direction. My wife gave the exam and we got our license in Nov. 2018. Entrepreneurship gives you a freedom of choice and makes a difference in people’s life.

We associated with Sparrows Sprout, training institute for business development, for coaching and exposure. I understood the difference in training and coaching. Through the sessions we could understand the format and process. It was a helping hand to reach out to more people and which path to take at which time.

My message to all job aspirants would be that through Financial Consultancy, you can create wealth for yourself and others. Financial Consultancy is a win-win and if you follow the process, you will have great success.