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Should I quit my secure job to pursue freelance physics teaching?

Onkar

Onkar Singh  |25 Answers  |Ask -

Career Management, Skills Development Expert - Answered on Dec 24, 2024

Onkar Singh is the global corporate citizenship strategy and programmes manager (data and reporting -- M&E, lead) at Accenture. He has more than two decades of experience in corporate social responsibility, sustainability, data and reporting. He has expertise in the management of NGOs and corporate foundations. He mentors young professionals in the areas of career management, skills development, personal and community development and DEI (diversity, equity and inclusion) issues. Onkar holds a bachelor's degree in mathematics from St Columba’s College, Hazaribagh, and an MBA from XISS, Ranchi. He also holds a master’s degree in international affairs from Columbia University's School of International and Public Affairs, New York.... more
Asked by Anonymous - Dec 24, 2024Hindi
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Career

I am a junior engineer in Railway, although the job is well paid and somewhat secure, but I don't feel belonged to this job. I have lost all interest in the work. I don't like office work pressure. I am working only because of family pressure. I have plan to be freelance teacher for 12th class physics in which I have interest. My parents are not dependent on me. My father is a retired teacher and have his own pension and savings. Is it a wise decision to quit the government job for my happiness?

Ans: Hi Anonymous,
I would suggest not leaving your job immediately. Instead, consider experimenting with your freelance physics classes from class 9 to class 12, this could be quite lucrative if you are a good teacher and have a strong knowledge of physics. Once you receive positive feedback on your teaching style from the market, you can think about leaving your job and pursuing this full-time. Please feel free to connect with me and message me on LinkedIn—I’d be happy to provide further insights.
https://www.linkedin.com/in/onkarcsrandsustainability/
Career

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Hello sir, im working in govt job PSU for 1 year and im not getting interest here. My age is 27 and passed out in btech ee in 2020. There is almost less work, also its not interesting. I deal with boiler and turbine operations. I want to persue mtech in control / robotics fields. But im afraid of the volatile job market, u see im a bit slow than other people. Do u think i should follow what my heart says or stick to this job due to its job security and my slow brain power . My age is more too. I have good financial support too. Im afraid I will lose job in pvt job. But i want to learn and grow!
Ans: It's natural to feel conflicted about whether to pursue your passion or stick with a secure job, especially when considering factors like job market volatility and personal abilities. Here are some points to consider that might help you make a decision: Consider the balance between pursuing your passion for control and robotics fields and the stability offered by your current government job at a PSU. Think about what will ultimately bring you more fulfillment and satisfaction in the long run. While the job market for control and robotics fields may have some volatility, these sectors also offer opportunities for growth and innovation. Research the demand for professionals in these fields, the potential for career advancement, and the types of companies or industries that are investing in automation and robotics technologies. Reflect on your interest in the control and robotics fields and your desire to learn and grow professionally. Pursuing a master's degree in these areas could provide you with valuable skills, knowledge, and experiences that align better with your career aspirations and interests. While age can be a factor in career decisions, it's important to prioritize your long-term career goals and personal fulfillment. With good financial support and a willingness to learn, you can overcome any perceived limitations and make meaningful progress in your career. Assess the potential risks and rewards associated with transitioning to a new field versus staying in your current job. Consider developing a backup plan or exploring part-time or online learning options that allow you to gain skills in control and robotics fields while maintaining your current job security. 

Assess the potential risks and rewards associated with transitioning to a new field versus staying in your current job. Consider developing a backup plan or exploring part-time or online learning options that allow you to gain skills in control and robotics fields while maintaining your current job security.

..Read more

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Milind

Milind Vadjikar  |795 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Dec 24, 2024

Asked by Anonymous - Dec 24, 2024Hindi
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Money
Hello i am almost 30 now I have invested around 40 lakhs in Market (mutual funds plus equity) 6 lakhs ppf maybe 2 lakhs pf I have parental property of combining around 2.5cr I have my parents helath insurance from a private insurance company, also covered by cghs health scheme,so no major worries about health expenses, for me i have 10lakhs health insurance Apart from this we have family pension also. As of now overall i have a monthly income of around 2-2.25 lakhs. I have a car a bike a scooty all valid for next 8-10 years What should be my goal amount for the retirement, i want it as early as possible As per the current scenario i am assuming i will live max till 75 years age. As of now i can invest 80-90k per month Yet to be married i assume i need atleast Lakhs per month as of now What should be the ideal amount with which i can retire
Ans: Hello;

Hope you have adequate term life insurance for yourself.

You may start a monthly sip of 90 K in a combination of pure equity mutual funds.

After 10 years your sip and lumpsum investment will grow into sums of 2.09 and 1.24 Cr respectively.

This adds upto 3.33 Cr. If you add your ppf and EPF corpus then this should add upto a sum of around 4 Cr.

If you invest this corpus in a conservative hybrid debt fund and do a SWP at the rate of 3.5%, you may expect a post tax monthly income of
1 L+.

As you get married your expenses will rise as also the need to plan for various other goals.

Therefore the decision to retire from regular 9-6 job should be backed up with alternate business plan or such other plan to monetize your hobbies that may yield income over atleast next 10-15 years.

Best wishes;

...Read more

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