If he was to be out of a job for even 3-4 months he will be doomed. There is no way he will be able to afford his own lifestyle. What about his massive home loan EMI?

His assets do not have a steady growth rate. They may touch the sky at one time or fall to half the value or even lesser. Besides, he will not be able to sell his house, as he lives there. His parents are retired and live in a house in their native place, which also cannot be sold.

Cars depreciate in value rapidly. There is uncertainty of growth in the value of paintings from which he is planning to fund his children's higher education.

Not a single asset he owns, can be liquidated easily. Also, he needs about 1 crore to fund his downpayment for the apartment he plans to buy. He is considering taking some personal loans for that. Or else, he may have to sell half of his paintings.

He has already issued a 25 lakh cheque to the builder and has signed on the agreement for sale.