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Shekhar Kumar  |145 Answers  |Ask -

Leadership, HR Expert - Answered on Apr 29, 2024

Shekhar Kumar is an HR, talent, and client acquisition leader at Star Engicon Private Limited (SEPL). He has 18 years of expertise in the search and placement of executive leadership talent across various industries.
He has also mentored middle and senior management professionals for leadership positions and guided them in career development.
Shekhar has a bachelor's degree in business management from Magadh University, Bihar, and a master's degree in human resource management from Annamalai University, Tamil Nadu.... more
Asked by Anonymous - Apr 21, 2024Hindi

I am a 40 yr old Orthodontist in government service since last more than 15 years. Since the time I joined this service I wanted to quit it since it has basically been a place not aligning with my life values. It has destroyed my clinical skill and has been basically a political playground, fake performances, below average minds. But I could not quit it due to family and financial issues. Now I have decided to finally say goodbye to it since lately it has been affecting my mental wellbeing also. I’ve been a bright student academically and quick learner also. I’m planning to move to Australia with family after clearing the stages. But I am anxious about taking this initiative at this age along with reason that I have no contact whatsoever in Australia. Australia due to the fact that it has just three time saving steps compared to other complexities in Europe and US. What do you suggest for the situation?

Ans: It sounds like you've reached a critical decision point in your career and personal life, and it's commendable that you're considering taking steps to prioritize your well-being and pursue a new path. Conduct thorough research on the immigration process, licensing requirements, and job prospects for orthodontists in Australia. Explore the Australian Dental Council's (ADC) accreditation process for internationally trained dentists and orthodontists. Familiarize yourself with the healthcare system, regulatory bodies, and professional associations relevant to your field in Australia. Although you may not have existing contacts in Australia, start building your network by reaching out to professionals in your field through online platforms, professional associations, and networking events. Consider joining forums, social media groups, or online communities for dentists and orthodontists practicing in Australia to connect with peers, ask questions, and seek advice. Seek guidance from experienced orthodontists who have successfully transitioned to practice in Australia, either through personal connections or professional networks. Consider enrolling in continuing education courses, workshops, or certification programs to enhance your skills and demonstrate your commitment to professional development. Prioritize your mental and emotional well-being during this challenging transition period. Seek support from family, friends, or mental health professionals to cope with stress, anxiety, or uncertainty associated with making significant life changes. Recognize that embarking on a new journey in a foreign country may involve obstacles and setbacks along the way. Stay resilient, adaptable, and open-minded as you navigate the complexities of immigration, licensure, job search, and cultural adjustment in Australia.

Taking the initiative to pursue a new career path and life direction in Australia requires courage, determination, and perseverance. Through planning, seeking support, and staying focused on your goals, you can overcome challenges and build a fulfilling and successful professional and personal life in your new home country.

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Anu Krishna  |977 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on May 24, 2024

Dear Anu..I am 46 yr old, MS (Mech. Engg.) and been working in a stable job for 15 years now. However, am facing lots of hurdles currently in getting my employment contract renewed or so. I have been doing this current job of mine for the past 15 years now. I have become a bit insensitive to the things happening around me and it's difficult to imagine myself in jobless position in a months' time or so. That way, I find myself in rather precarious situation in prioritizing my future plans as of now, as I have been in a comfort zone for years. Either to opt for Foreign Immigration to AUS/CAN or UK, or hit the right professional job in India. I am married with three kids, grades 10, 6 and 1 respectively and any misstep of mine can jeopardize their well being and this very thought is dragging me into the "indecisiveness" mode.. Kindly advise, Thanks..Faheem
Ans: Dear Mohammad,
Sometimes you need to take a step back and observe what is happening to you, around you and for you.
Do these things fill in what you want from life? If NO, then it's about time you reevaluate what you have been doing so far as the results are not what you want.

Prioritize work goals and ways of achieving them - this will give you an idea whether a relocation makes sense at this time or later or whenever. And oh well, comfort zone keeps you safe BUT does it fuel your goals or help you achieve them...NO...so, time to get comfortable being outside the comfort zone which will enable to think different and do something different and hence change the outcome of your life...makes sense here?

Step back and drop down what you want out of life...see if all that you are doing aligns with it...If not, be prepared to change...decide and make that decision work for you...Comfort Zone keeps you comfortable but nothing great happens sitting there.

All the best!
Anu Krishna
Mind Coach|NLP Trainer|Author
Drop in: www.unfear.io
Reach me: Facebook: anukrish07/ AND LinkedIn: anukrishna-joyofserving/

..Read more

Latest Questions

Moneywize   |122 Answers  |Ask -

Financial Planner - Answered on Jun 25, 2024

Asked by Anonymous - Jun 13, 2024Hindi
Ours is a family of 3 people -- My wife, I and my daughter who is 15. I am 39, my wife is 37 and our monthly expenses are Rs 90K. I own my house and expect to have no fixed income after 65 years, and expect to live till 75. Considering the ever increasing price rise what should be my corpus at 65 for me to continue living the life style I am living today?
Ans: Calculating your retirement corpus:

Here's how to estimate the corpus you'll need to maintain your current lifestyle after retirement:

1. Retirement period:

You plan to retire at 65 and expect to live till 75. So, your retirement period is 75 - 65 = 10 years.

2. Inflation adjustment:

You've rightly considered inflation. To estimate future expenses, we need to factor in inflation. A safe assumption for India is 5-7% inflation. Let's take an average of 6%.

3. Current monthly expenses:

You spend Rs 90,000 per month currently.

4. Future monthly expenses:

To find the monthly expense at retirement (at 65), we need to consider inflation for 26 years (39 years till retirement + 10 years retirement).

You can use an inflation calculator online or a simple formula:

Future monthly expense = Current monthly expense * (1 + Inflation rate)^number of years

In your case, Future monthly expense = Rs 90,000 * (1 + 0.06)^26 ≈ Rs 3,28,550 (approximately Rs 3.29 lakh)

5. Total corpus calculation:

Now you can calculate the total corpus needed. Here's a common approach:

Total corpus = Monthly expense * Number of years in retirement * 12 (months)

However, this method doesn't consider the fact that you'll be withdrawing money every month, reducing the corpus. A more accurate method is using the Time Value of Money (TVM) concept. There are online TVM calculators or Excel functions you can use.

Here's an alternative approach that provides a reasonable estimate:

Multiply the future monthly expense (Rs 3.29 lakh) by a factor considering inflation over the period. This factor can vary depending on your risk tolerance and investment strategy. A factor of 200 is often used as a conservative estimate.
Total corpus = Rs 3.29 lakh/month * 200 (factor) = Rs 6.58 crore (approximately Rs 658 million)

Additional factors to consider:

• Daughter's future expenses: Your daughter will be an adult by the time you retire. While she won't be financially dependent, consider any potential future support you might want to provide for her education or marriage.
• Healthcare costs: Healthcare expenses tend to increase with age. Factor in potential medical needs during retirement.
• Debt: If you have any outstanding debt by the time you retire, you'll need to account for its repayment in your corpus calculation.
• Investment returns: The corpus amount assumes a certain rate of return on your investments. Research different investment options and their potential returns to refine your calculations.


Consult a financial advisor for a personalised retirement plan considering your specific financial situation, risk tolerance, and investment goals. They can help you create a more comprehensive plan and suggest suitable investment strategies to achieve your corpus target.

Remember, this is an estimate. Regularly review your plan and adjust it based on changing circumstances.

...Read more


Mayank Chandel  |1003 Answers  |Ask -

IIT-JEE, NEET-UG, SAT, CLAT, CA, CS Exam Expert - Answered on Jun 24, 2024

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.


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