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NRI Family Moving to India: Help Kids Adjust to Lifestyle Changes?

Anu

Anu Krishna  |1293 Answers  |Ask -

Relationships Expert, Mind Coach - Answered on Jul 18, 2024

Anu Krishna is a mind coach and relationship expert.
The co-founder of Unfear Changemakers LLP, she has received her neuro linguistic programming training from National Federation of NeuroLinguistic Programming, USA, and her energy work specialisation from the Institute for Inner Studies, Manila.
She is an executive member of the Indian Association of Adolescent Health.... more
Asked by Anonymous - Jun 19, 2024Hindi
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Relationship

Anu mam, I am an NRI from Dubai, married and earning a good salary here. I have two beautiful, smart kids, aged 11 and 14. My parents are getting old. They live in Alappuzha with a caretaker. In two years, we plan to relocate to India with the kids so they can continue their higher education in India. But there is a problem. My kids are used to a certain lifestyle here in Dubai. Whenever we come to India for vacation once or twice a year, the children complain of the crowd, pollution, driving behaviour, and littering habits. They are however, rooted to the culture as we celebrate all festivals and events, the Indian way. I want to understand how can I help my kids prepare to relocate to India?

Ans: Dear Anonymous,
Well, they are going to have adjustment issues for sure...
India is a place that can envelop people in warmth and yet throw challenges and when one is not raised here, it can get to the. To expect an environment here that they are used to, is not going to happen.
Considering their age, they might have challenges finding themselves within peer groups as well. Get them close to well-adjusted before you make that move...
- You can plan longer vacations in India and especially the place where you intend to settle, so that they get used to the weather, food, culture and people
- They can also during the vacation period, take part in volunteering which gives them a feel of life beyond them
- Plan a visit to the school you intend to send them to when the school is in session and request for a class attendance for a couple of days if that is possible. This will give them a clear feel of how school will be like

Ultimately, there's only so much that you can do...expect few challenges and go with that flow...it's not possible to preempt it all...but projecting a few things upfront as listed above may give them an idea and help the, with the relocation process.

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

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Hello Guru g, I am a merchant Navy professional, I have just married, But things in my family were not good before my marriage and after marriage the things are same , like fights of my mother with my grandmother, my father and mother fights, there is a toxic environment in my house, my time I have tried to neutralise the things but I can't change them it's in there basic nature, I don't want to live anymore with my parents, because in Village people all-around fill their minds with different things and they bing it to our house , because some people here can't see us growing, so I have decided that I will not live here, Then I left with two options either I move to city or go abroad, of I choose the first one then how would I convince my parents to go to city with them, what should I tell them so that they also didn't get hurt and allow me to take this step and also how can I find a good society because we are newly married couple and security is my main concern because I am very afraid of cities because there criminal activities are more than villages , and If I choose the 2nd option then I have to spend a lot of money but I wanted to do business in India because there is a lot of scope here and expenses to live a life is less here, so kindly help me take decision, I will be very thankful to you .
Ans: Dear Anonymous,
You don't prefer the 'toxicity'!
You are afraid of big cities as criminal activities are more than the cities!
Your parents may not move in to the city but you also find the environment they are in toxic!
You feel some people can't see you growing!
You don't prefer going abroad as you want to business in India!

Can you see how you have restricted yourself? This is called having a dream BUT clipping one's own wings. How can you make a decision when there are so many self-imposed constraints?
I suggest:
- Drop down all the options possible
- List down the pros and cons of each
- Choose the one that is financially viable
- Let your parents choose where they want to live

You have just started your family life; focus on what's best from a growth perspective...take decisions that help your marriage and career grow...And oh, you can choose to see the crime in the city OR you can choose to see opportunities...where is your focus?

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

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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.

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Milind

Milind Vadjikar  |640 Answers  |Ask -

Insurance, Stocks, MF, PF Expert - Answered on Nov 17, 2024

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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;

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Milind

Milind Vadjikar  |640 Answers  |Ask -

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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;

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