Shivam is a first-time father, recently he celebrated the 2nd birthday of his son, Vaibhav. When asked what is one thought that concerns him most regarding the future of his child, Shivam’s immediate answer was - First, securing Vaibhav’s education funds, but on a long-term basis his financial future given the increasing cost of living. “There are multiple stages in the life of a child when parents have to spend money for the development. Education for instance will require multiple cash outflow from time to time. There could be significant outflows from time to time and regular outflows throughout the period till the time child becomes an adult and starts earning on his own,” says Gaurav Goel (Entrepreneur, and Sebi RIA).