Hi good morning,
I am 32 years.
marine engineer.
I quit job here and I am planing to go UK for better life style and education to my daughter.she is 2years now.
No job in uk.and I don't want to go ship again.I planning to do job in uk.local.
My question is move to uk is it worth or not.
Or.
I will work in India as marine engineer for few more years.make some money.and take early retirement.then how much corpus I need to take retirement.
My home expenses per month -30k
Until now no savings and no investments.
Only buyed two lands in city visakhapatnam.
Ans: It is not easy to take bold steps like moving to a new country or switching careers. You are thinking of your daughter’s future, and that intent is precious.
Let’s evaluate both life paths from a 360-degree perspective and then build an action plan.
Your Current Life Stage and Position
You are 32 years old, married, with a 2-year-old daughter.
You were a marine engineer but have quit your job.
You plan to move to the UK for a better lifestyle and your daughter’s education.
You have no job offer in the UK currently.
You don’t want to return to ship work again.
You have no savings, no mutual fund investments, and no emergency fund.
Your current monthly household expenses in India are about Rs 30,000.
You own two lands in Visakhapatnam city.
Option 1: Shift to UK Without Job – Is It Worth?
Let’s evaluate from both personal and financial views.
Positives of UK move:
Better education and public healthcare for your child.
Cleaner environment and stable long-term lifestyle.
You may find shore-based jobs in marine or logistics sector with effort.
Risks and concerns:
You are entering UK job market with no local experience.
It may take time to get a job and secure visa/residency.
Cost of living is very high. Even basic rent will be over Rs 1 lakh/month.
Without job, savings will drain fast. You don’t have savings yet.
You don’t have emergency fund or investment cushion.
Your wife may also need to work later to manage expenses.
Insight: Moving without a job or fallback plan is risky now.
At least build a 6–12 month cash buffer before shifting.
Option 2: Continue as Marine Engineer in India – Delay Shift
Let’s now see the other path: keep working for 3–5 more years and then move.
Benefits:
You already have a high-paying skill.
You can save Rs 1–1.5 lakh per month easily by staying onboard ships.
These savings can help create emergency funds, investments, and a UK relocation fund.
Daughter’s early years can still be managed in India.
In 5 years, you will have enough for early retirement or UK move with comfort.
Challenges:
Staying on ships is tough for personal life.
You will miss time with your daughter in her early years.
If family stays in India, you will still spend on their living costs here.
Suggested Path: Work for 3–4 More Years, Then Move to UK
This hybrid path is the most balanced now.
Stay on ship or take shore job in India for 3–4 years.
Save aggressively. Invest with help of a Certified Financial Planner.
Build minimum Rs 50–60 lakh liquid corpus before moving.
By then, your daughter will be 5–6 years old. Ideal age to start UK schooling.
With a cushion, you can handle job search calmly.
Even if initial job pays low, you won’t feel pressure.
Building Your Financial Foundation – Step by Step
Right now, you don’t have any savings, only land.
You need to urgently begin saving and investing from your next income cycle.
Step 1: Emergency Fund
Build Rs 3–4 lakh fund for urgent needs.
Keep it in liquid or ultra-short debt mutual funds.
Avoid cooperative banks or unknown apps.
Step 2: Health and Life Insurance
Buy Rs 50 lakh term insurance. Your wife and child must be protected.
Get Rs 5–10 lakh family floater health cover in India.
In UK, NHS offers basic cover, but initial period may need private plan.
Step 3: Begin Monthly Investments
Once income resumes, start SIPs of Rs 25–30K/month in regular mutual funds.
Choose actively managed funds only. Index funds give no control or flexibility.
Actively managed funds are better in uncertain jobs, market cycles, and life shifts.
Use regular plans through MFDs with CFP credentials.
Direct plans give no guidance. No one tracks rebalancing or goal alignment.
Step 4: Goal Planning with Timelines
Let’s break future goals by time horizon:
Short Term (0–3 years):
Emergency fund, UK move expense fund, career re-skilling.
Medium Term (4–8 years):
Daughter’s school fee abroad, rent deposits, UK settlement costs.
Long Term (15+ years):
Retirement, daughter’s higher education, family security.
Each goal needs separate fund bucket and MF allocation.
Your Land Assets – Use with Caution
You own two lands in Vizag city.
Real estate is not liquid. Prices may look attractive but are not cash-ready.
If needed, use one land for future housing or funding your UK move.
Do not rely on real estate for retirement or daughter’s education.
No rent, no income, and very slow appreciation make it a weak option.
Early Retirement Plan – If You Stay in India
If you work in India for 8–10 more years, you can retire early.
Target corpus: Rs 2.5 to 3 crore minimum.
This will give Rs 80K–1 lakh monthly income from mutual funds.
For this:
Save and invest Rs 50–60K monthly for next 10 years.
Use flexi cap and mid cap funds in regular mode.
Avoid index funds. They lack active fund management, sector shifts, and protection.
Review with your CFP once every year. Rebalance your portfolio.
If You Still Wish to Move to UK Now
Then go only with minimum Rs 20–25 lakh backup.
This should cover:
6–12 months living cost in UK.
Daughter’s preschool and daycare.
Emergency needs and visa documentation.
Travel, accommodation, and basic setup.
To fund this:
Sell one land if needed.
Or work short-term onboard and create the buffer.
Do not land in UK without fallback.
Without job, the first six months can become very stressful.
Finding a Certified Financial Planner for Your Journey
You must work with a Certified Financial Planner (CFP) who is also a SEBI-registered MFD.
Don’t go for just YouTube or social media names.
Checklist:
Must have CFP credentials.
Must provide regular review and goal-based planning.
Choose regular plan, not direct. Regular plan helps you get hands-on support.
In direct plan, no one tracks your funds or rebalances or reminds you.
Choose commission-based only if they offer performance-linked service.
Avoid ULIPs. They give fixed commission to agents and poor value to you.
Instead, explore mutual fund-based goal tracking with active rebalancing.
Finally
You are young, skilled, and clear about what matters to you.
Don’t move to UK blindly without job or emergency fund.
Stay in India for 3–5 more years. Build cushion, plan carefully, then move.
Start saving and investing seriously now. Avoid risky shortcuts.
Work with a genuine Certified Financial Planner who will guide you regularly.
Create a written roadmap for early retirement and your daughter’s future.
Real wealth is not income. It is smart use of income. Start that today.
Best Regards,
K. Ramalingam, MBA, CFP,
Chief Financial Planner,
www.holisticinvestment.in
https://www.youtube.com/@HolisticInvestment
