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Indian Mother in Malaysia Seeks Advice on Son's Schooling

Nayagam P

Nayagam P P  |3908 Answers  |Ask -

Career Counsellor - Answered on Jun 22, 2024

Nayagam is a certified career counsellor and the founder of EduJob360.
He started his career as an HR professional and has over 10 years of experience in tutoring and mentoring students from Classes 8 to 12, helping them choose the right stream, course and college/university.
He also counsels students on how to prepare for entrance exams for getting admission into reputed universities /colleges for their graduate/postgraduate courses.
He has guided both fresh graduates and experienced professionals on how to write a resume, how to prepare for job interviews and how to negotiate their salary when joining a new job.
Nayagam has published an eBook, Professional Resume Writing Without Googling.
He has a postgraduate degree in human resources from Bhartiya Vidya Bhavan, Delhi, a postgraduate diploma in labour law from Madras University, a postgraduate diploma in school counselling from Symbiosis, Pune, and a certification in child psychology from Counsel India.
He has also completed his master’s degree in career counselling from ICCC-Mindler and Counsel, India.
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Asked by Anonymous - Jun 22, 2024Hindi
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Sir I'm working in Malaysia Johor. My son is studying 8th in India. I could not get Indian schools nearby. And also international schools are expensive here. Is it good to change the school now? Will he be able to adopt this culture? And which school would be better for him? Please advise

Ans: Read and noted the contents of your question. You have NOT mentioned which Board he is studying in India? What about his Academic Performance for the last 2-years? Who is looking after him in India? How he is taken care of, here in India? Anyway, as he is entering into 8th standard, it is NOT at all advisable to change to any school in Malaysia. It is advisable to continue in India with a CBSE School (if not studying with CBSE school). Just before or once he enters into 9th Standard, it is ideal to plan for his career (what after 12th)? How he should prepare himself from 9th Standard (without applying any pressure)? He is interested in what? Please clarify my 3-doubts to enable me, answer further. All the BEST.

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Asked on - Jun 22, 2024 | Answered on Jun 23, 2024
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Thank you sir. He is studying in CBSE and taken care by my wife. To be Frank he is interested to study in Malaysia. And got through entrance exam in a Malaysia school last year while he was at 7th std. Due to NEET exam I let him to study there. He is getting above 90 % in maths. But in others he is able to get 70 to 80 % only.
Ans: Sir, thanks for coming back. Please note, you have mentioned that your son is interested in studying in Malaysia & still consider the same. You have the plan for the same & to continue for his UG program also in Malaysia or for UG, you will consider for India? Getting admission into top colleges for the desired dream is difficult due to very tough competition here. Also please note, as far as Coaching Centers / Preparing for NEET, JEE etc., India is the right place. Studying online for the same will not have much impact. You have also mentioned he is good in Maths. Then better have option for JEE also. He has joined for NEET Coaching as per his wish or you made him join? Anyway, if you need any other clarification, please ask me here with a one more follow-up question. All the BEST.

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Asked by Anonymous - Jul 26, 2024Hindi
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I moved to Dubai in 2012 with my family. My son is in class 9. My wife wants us to return to India so he can continue his studies in India. Do you think this is a good choice? My son is good at science and math. How can I prepare him for his student life in India?
Ans: Hi there,

Returning to India for your son's education can be a good choice, especially considering his aptitude in science and math. India has a robust education system with numerous opportunities for students excelling in these subjects. Here are some considerations and steps to prepare for the transition:

Considerations:
1. Curriculum Differences: The education system and curriculum in India might be different from what your son is used to in Dubai. Research the various boards (CBSE, ICSE, State Boards, IB, etc.) to find the best fit for him.

2. School Selection: Look for schools known for their strong science and math programs. Consider their facilities, faculty, extracurricular activities, and overall environment.

3. Entrance Exams: In India, competitive exams play a significant role in higher education. Start familiarizing your son with exams like the Joint Entrance Examination (JEE) for engineering, the National Talent Search Examination (NTSE), and the Olympiads for science and math.

4. Cultural Adjustment: Moving back to India will involve cultural adjustments. Engage your son in conversations about the changes and prepare him mentally for the shift.

Preparation Steps:
1. Academic Preparation:
- Bridge Courses: Enroll him in bridge courses to align his knowledge with the Indian curriculum.
- Additional Tutoring: Consider extra tutoring in subjects where he might need more support to catch up or excel.

2. Extracurricular Activities: Encourage participation in extracurricular activities related to science and math. Robotics clubs, coding classes, and science fairs can be great platforms.

3. Soft Skills Development:
- Language Skills: If his primary language of instruction changes, ensure he gets the necessary language support.
- Social Skills: Engage him in group activities and social gatherings to help him build a network of friends.

4. Mental and Emotional Support:
- Counseling: Consider professional counseling to help him cope with the transition.
- Family Support: Ensure a supportive home environment where he can freely express his concerns and feelings.

5. Visit Schools:
- Before finalizing the move, visit potential schools with your son. This will give him a sense of involvement and help him adjust better.

Returning to India can open up numerous opportunities for your son, especially given his strengths in science and math. With the right preparation and support, he can thrive in the Indian education system.

..Read more

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I am seeking guidance on my current financial situation. I am 50 years old, with a net take-home income of 1.42 lacs per month, while my wife earns approximately 75k monthly. We have two daughters pursuing higher education, with annual fees totalling 6.10 lacs. In the wake of the COVID-19 pandemic, I faced a significant setback when I was unable to pay my home loan EMI, leading me to opt for a moratorium. Despite having already paid approximately 43.85 lakhs towards my home loan of 58.50 lakhs taken in 2017, the principal outstanding has astonishingly increased to 59.45 lakhs. I now find myself committed to an EMI of 65,000 monthly, further straining our financial resources. To cover both my daughters first-year college fees, I took out a gold loan of 5.5 lakhs, for which I currently pay 50,000 a month. I had invested in a family health insurance policy with Star Health, covering 10 lakhs, but due to poor service I stopped paying my premium, which had an accrued value of 17.50 lakhs. I hold a provident fund account with a balance of 2.5 lakhs. I am concerned about planning for my elder daughter's wedding in the next 2 to 3 years and my retirement. I would appreciate any advice or strategies you could provide to help me navigate this situation effectively.
Ans: Hello;

Try and understand from the home loan lender as to how 59.45 L principal is overdue despite paying a sum of 43.85 L, despite factoring 80% of this as interest payment, the overdue principal should be below 50 L.

Double check if this is as per the terms of moratorium.

If you are not satisfied with replies from the lender escalate the matter to the highest authority at lender or RBI.

Lender can't behave irrationally just because you availed moratorium during COVID.

In my view you should have just sold the gold rather then taking loan against it.

That way you could have lessened EMI burden on your finances and ensured investments for retirement and other goals.

Unfortunately we have a tradition of attaching emotional value to precious metals and real estate.

The best "jewellery" you can offer to your kids is good education, which you have already done.

In matters of health insurance never discontinue a policy due to dissatisfaction with the insurer, port it to another insurer, 1.5/2 months before the renewal date so that your benefits remain intact. Now you may be need to find another health care insurance.

You may begin a monthly sip of 25-30 K in diversified large cap oriented mutual fund for 5 years.

Also give a thought to NPS, you can contribute till 70 age, for retirement pension.

Best wishes;

...Read more

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Asked by Anonymous - Nov 15, 2024Hindi
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I am 42 years old male currently working as a software engineer in a private company and drawing 1.1 lakhs per month. I have 2 school going kids. My monthly expenses are around 80K per month including rent. I don't have any personal property in my name. I have invested 50L in postal term deposit(yearly payout), 20L in Shriram transport finance FD(monthly payout), 11 lakh in HDFC balanced fund dividend(monthly payout), 6L in bank FD(monthly payout) all in my wife's name. I have invested 28L in my HUF account against Shriram Transport Finance FD (monthly payout). I have around 20L in EPF and Gratuity. I have around 8 lakhs in miscellaneous Mutual funds with a monthly sip of around 36K. Most of my investments pay me monthly return except this SIP. I have done so as software job is very fragile which can go any time. However I have maxed out on the return I can take per year on my wife's head (7L) and HUF(2.5L) without tax liability. Please advise how I can invest further to get returns so that I can quickly withstand any job loss.
Ans: Hello;

You have already made sufficient provisions to survive a job loss because your passive monthly income is now almost covering your monthly expenses.

But if you need added back-up you may keep expenses worth 6 months(@ 5 L) in a liquid type mutual fund.

Focus on 3 goals;
1. Children's education
2. Retirement
3. House

If you again keep investing in fixed income bearing instruments then you may not be able to grow a corpus to fund these goals.

A mutual fund sip(36 K) is a step in the right direction. I believe these are scheme with Growth option.

Hope you have EPF/NPS/PPF investments as well.

Happy Investing;

...Read more

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