Suggestion please: Canada or India (Imp)

[ht7]

Based on your way of thinking (which I don't agree with), India will suit you better. Your kids might not have the same kind of thinking towards life and they might suffer in the future because you couldn't wait 5 years for a passport. But you have made up your mind, so good luck!

 

[rusticdud]

I think you are suffering from serious homesickness.
If you look rationally India is in a mess, we are destroying our environment and resources at a very fast pace. Look at our rivers, cities , mountains..
If you are deeply attached to our culture and ways, then Canada will unlikely make you happy. Western world is certainly more independent and has its perks.
It is not about wealth merely, the quality of life, the ease of getting things done, and as someone else pointed out, the sheer value to human life. In India, how often we have seen cops beating up beggars on street, road accidents unattended.
It is true the country is changing, but our population growth and environmental damages will take maybe take couple of centuries to reverse, if at all. So in our lifetime and in lifetimes of our children/grandchildren the world order will remain more or less same.
I will just finish by saying as far as we know there is only one life, it truly is up to us to do what makes us happy.

 

[vensak]

As you said it:

Basically - I moved with the expectations of making 3 to 5 times more money than I was making in India.

That alone shows what was your only interest to move into Canada. - pure investment purposes. Just unlike your country where you grew up and know all customs and behaviours and have lot of connections, you have none of those in the new country. So that is actually challenge to make money and those connections fast from scratch and that what you see lacking.

The real problem there is that things do happen from the very beginning and they are not just from the moment of the good life that you left behind (you need those 7 to 10 years to be on the similar level in the new country at very least). You are in Canada one of many foreigners comming to live there and you need to prove yourself to be accepted there.

In this case, seriously, forget about that cold country and return back where you know it and do well where you belong. The best place for you is your own country.

 

[Alexios07]

Good luck with your returning to India. Hopefully, we won't see you come back in this forum in 3 or 5 years asking for instruction to reapply for Canadian PR.

 

[sheena1983]

Good luck with your returning to India. Hopefully, we won't see you come back in this forum in 3 or 5 years asking for instruction to reapply for Canadian PR.

see this is what I am afraid of - I might start thinking like u...discouraging someone from practicing freedom on such forums and rigorously demotivating by directly saying don't come on this forum ....this is one of the reason which i did not mention in my previous post - but wanted ppl to show...

vensak: u cracked the code - now u know y i moved here....though i clearly mentioned y i moved here - but still u 'cracked the code'...

Ht7 - tht depends on my kids - i did not like it - so instead of assuming ur way that thy will like it which thy did not see - chances r they might like what i am doing...u have 50% chance & i have 50% chance...lets see...i will try to give them everything in the world....lets c...by the way r u saying everyone in India suffering because they dont have Canadian PR/Citizenship??? i dont agree...

DEEPCUR - i pray nobody's kid have to go thru this...but wen someones kid is sick n doc says it is normal here - someone is awake whole night because of their kids fever and then they go to other hospital there doc says same - its normal here...then I wud certainly judge country based on the facilities & options available for my kids...i did not say junk food made me fit - i said i was fit irrespective of what i eat - maybe weather or some other thing cud have been thot to this - but so much out of the box! wow...

Well I see where u all r coming from...again i wud say- i had beautiful +rich + happy life in India......Thank u all others....i am just following my heart...i did not like it here.....like i said - money + fresh air + water + easy things + almost everything is there for me...i lived poor life & enjoyed rich life there - i know how to get work done in India...i know where to shop ...maybe thats y i am little inclined towards money but that is the fact for me....I wanted to see life here - i saw - did not like - going back...thank you all...yeah here for few more days tho (wrapping n packing)....

 

[SecularFirst]

If you are making good money in india you can get anything. Better future for kids, you can send your kids to any university in world, get best healthcare, and believe me, Indians doctors are not less in anyway. If you are living close to poverty line, then yes, life is super tough in India. And yes you will find dirty hospitals and roads. But if you are well compensated and making above average, you can get everything and enjoy your life.

I personally believe kids got raised well in India, partly coz I was born and raised there. Whenever I see kids of my relatives here, most of them are doing everyday stuff, working part-time here and there, doing basic everyday education like accounting, optometry, music etc. I am not ridiculing these trades but they don't seems to have any big aspirations. They just want to get by, open small business or get a regular job. Most of the kids in india aims for IITs, IIMs, US universities etc. But that just a personal opinion.

OP was well compensated in India, was happy with colorful Indian life. She can move to any country at anytime even in future coz she is making good money.
Fresh air and safety are not very convincing arguments. Crime is definitely high in cities like Delhi but so is in all big cities around the world. Money can buy protection and comforts.

OP's kids can move anywhere they want. They don't need Canadian passport for that. They can study and immigrate anywhere they want. So don't tell she is doing disservice to her kids by moving back.

 

[thinkshady]

Hello Sheena,

Anxiety of the future will kill your present, you can get advise from many but you are your best judge. What is point of having all the luxury when you are not happy, let go of all the tangles and do what makes you happy. All the best.

 

[DEEPCUR]

//DEEPCUR - i pray nobody's kid have to go thru this...but wen someones kid is sick n doc says it is normal here - someone is awake whole night because of their kids fever and then they go to other hospital there doc says same - its normal here...then I wud certainly judge country based on the facilities & options available for my kids...i did not say junk food made me fit - i said i was fit irrespective of what i eat - maybe weather or some other thing cud have been thot to this - but so much out of the box! wow...//


Lol, are you questioning the system here?!! So funny. The doctors here are far more accountable here than in India. They will be royally screwed here if something goes wrong. You are simply in denial mode and want to question developed system with a corrupt third world system.

I personally know a case where a doctor in wife's hometown who cut the wrong cord during delivery and the girl died due to bleeding. The hospital is still running, and yes of course with the same doctor. Law enforcement is the biggest joke in India. 99% of private hospitals in India are run by politicians. When our generation grew up, MBBS could only be obtained from govt hospitals. But now private medical colleges run by politicians have mushroomed all over the country and the kids of top class study medicine there. You can judge the quality then. Hospitals have been corporatized big time, and they simply mint money making someone pay for all the tests. Plenty of fake doctor rackets have been busted in India.

And yeah, if something goes wrong for, god forbid, the chances of fighting and getting the justice in India are nil. Laws are dictated by politicians. It is not the case here. Corruption is at all levels and it would never change.

Yes, people are still living in India, because most of them don't have a choice to come abroad like you had. 99% of the educated IT crowd wants to come here for a reason. I can confidently say that your kid will definitely aspire either to study overseas or work here at least. I already notice this trend with kids from 15 or 16 years old. As I mentioned earlier, your are deciding in complete haste. It's up to you.

 

[johnsyk]

Based on your way of thinking (which I don't agree with), India will suit you better. Your kids might not have the same kind of thinking towards life and they might suffer in the future because you couldn't wait 5 years for a passport. But you have made up your mind, so good luck!

I agree. I think it is best suited for the OP to be in India. Anyone who thinks there is Hava in being an NRI based on Bollywood movies is best based in India. I don't agree with her thinking at all but at the end of the day, we are all different and different people have different needs. There has to be a certain kind of mindset which is required to be happy and thrive abroad and based on her posts, she isn't cut out for it. I am 100% sure that Sheena is better off in India!

 

[johnsyk]

And in other news, New Delhi is choking under off-the-charts smog, with some parts of the city reporting levels almost five times those considered "unhealthy" by the US environmental protection agency. It has now been officially confirmed as the most polluted City on Planet earth. Google it to know more.

But of course, when people don't care about air quality, it doesn't really matter!

 

[johnsyk]

I have a question for people living in Canada presently. Based on the OP's initial post, one of her issues with Canada was lack of investment opportunities.

In India, if we have X amount of money, we have options of putting it in FD, Post office, Unit linked Insurance, Mutual funds etc which all give between 9 to 14% Return.

In Canada, bank FD rates are dismal. So how does one invest in non real estate options?

Thanks!

 

[SecularFirst]

In Canada you buy house and pay it off for 30 years. This is everyone's biggest investment. GIC which is equivalent to FD pays 1.4% to 2.4% interest(Google it). Car insurance ($300 each month each car), health insurance(in BC), RESP and other insurances leave little to no savings for mutual funds. If you are software developer, lawyer, doctor, dentist or owns a well established business, making close to $100k, then you can think of investing. Calling a plumber to fix a leaking faucet cost around $200 easily, which reflects the high cost of living(less savings).
RRSPs are good investment options to save on taxes and to have a decent retirement income. But again, it depends on how much you make and save in the first place.

But it's very good place if anyone makes around or above $100k. Then you can really enjoy, invest and have a stress free life.

 

[vensak]

I have a question for people living in Canada presently. Based on the OP's initial post, one of her issues with Canada was lack of investment opportunities.

In India, if we have X amount of money, we have options of putting it in FD, Post office, Unit linked Insurance, Mutual funds etc which all give between 9 to 14% Return.

In Canada, bank FD rates are dismal. So how does one invest in non real estate options?

Thanks!

If I may add my opinion.
I am not in Canada yet, but I am in the EURO using country (one of the world currencies). On the top I also still remember time of my country where such offers were normal.
Now here is the story.
Somewhere 27 years back there was change of politics over here and as a result there were lot of changes resulting into releasing financial markets as well.

Very soon our local currency was spiraling down and loosing its value (things became much more expensive just within few years). Somewhere in 1993 or 1994 there were very nice % offer from banks rallying between 14 to 19% ROi per year. Also it lasted just few months but it was there. Common people were happy and investing into banks the small amount of Money they still had.

In the background there were lot of opportunities to buy whole factories cheap. So some people were hungry for Money as they knew that they can get 200% to 500% percent revenue per year, so like 30% interest rate from a bank seemed ok.

The problem was that such situation did not lasted long and soon most of the cherries were picked out. As a result interest rates on saving accounts in the banks went down heavily.
In addition some smaller banks crashed as law behind was not that strong. As a result some people lost lot of Money in this game. But it also triggered changes in the needed laws.

Later on (1997 - 1998), the standard interest rates went down to 5% or less which was very close if not below to the inflation rate. People were not satisfied and still had simple thinking wanting to make Money fast and easy.
That thinking was used by speculative companies that were not covered with newly reinforced banking laws. So they started to offer wonderfull 20 to 30% interest rates. And people fall for the game again. The problem behind was, that there were not such big opportunities to invest that good anymore on the market. So that was nothing else but a ponzi scheme, where small amount of people got good Money (those who invested early but also withdrew Money fast) and most of people there were to suffer.

Needless to say that all those companies retreated from the market like within a year, by bankrupcy and by the owners fleeing to some far away countries where they could not be brought to the justice. What was left behind, was a whole army of fooled people who sometimes lost their life savings.

Current market situation on all big currencies is, that there are very small % on any safe saving methods, so it is actually encouraging you either to spend your Money or to start business.
With this said, seeing something on that high % should trigger an internal alarm, as it points to short term situation and higher market volatility or it can point to the higher speculation companies, that will dissapear once they have collected enough Money.

But at the same time that does not mean, that there are not good opportunities either in Canada or somewhere else, it is just that they are mostly in different areas than in buying some shares or saving accounts.

An no, nobody who knows where the opportunity are will share with you just because you want to become rich in Canada as well. That is for you to discover.

What I see in the story of the person who put the original question of this thread, is that he was most likely never really living in some foreign country before (holiday or short business trips do not really count), to be aware enough that there are differences out there, and that keeping the mindset of his own country will not bring him too far.

 

[johnsyk]

If I may add my opinion.
I am not in Canada yet, but I am in the EURO using country (one of the world currencies). On the top I also still remember time of my country where such offers were normal.
Now here is the story.
Somewhere 27 years back there was change of politics over here and as a result there were lot of changes resulting into releasing financial markets as well.

Very soon our local currency was spiraling down and loosing its value (things became much more expensive just within few years). Somewhere in 1993 or 1994 there were very nice % offer from banks rallying between 14 to 19% ROi per year. Also it lasted just few months but it was there. Common people were happy and investing into banks the small amount of Money they still had.

In the background there were lot of opportunities to buy whole factories cheap. So some people were hungry for Money as they knew that they can get 200% to 500% percent revenue per year, so like 30% interest rate from a bank seemed ok.

The problem was that such situation did not lasted long and soon most of the cherries were picked out. As a result interest rates on saving accounts in the banks went down heavily.
In addition some smaller banks crashed as law behind was not that strong. As a result some people lost lot of Money in this game. But it also triggered changes in the needed laws.

Later on (1997 - 1998), the standard interest rates went down to 5% or less which was very close if not below to the inflation rate. People were not satisfied and still had simple thinking wanting to make Money fast and easy.
That thinking was used by speculative companies that were not covered with newly reinforced banking laws. So they started to offer wonderfull 20 to 30% interest rates. And people fall for the game again. The problem behind was, that there were not such big opportunities to invest that good anymore on the market. So that was nothing else but a ponzi scheme, where small amount of people got good Money (those who invested early but also withdrew Money fast) and most of people there were to suffer.

Needless to say that all those companies retreated from the market like within a year, by bankrupcy and by the owners fleeing to some far away countries where they could not be brought to the justice. What was left behind, was a whole army of fooled people who sometimes lost their life savings.

Current market situation on all big currencies is, that there are very small % on any safe saving methods, so it is actually encouraging you either to spend your Money or to start business.
With this said, seeing something on that high % should trigger an internal alarm, as it points to short term situation and higher market volatility or it can point to the higher speculation companies, that will dissapear once they have collected enough Money.

But at the same time that does not mean, that there are not good opportunities either in Canada or somewhere else, it is just that they are mostly in different areas than in buying some shares or saving accounts.

An no, nobody who knows where the opportunity are will share with you just because you want to become rich in Canada as well. That is for you to discover.

What I see in the story of the person who put the original question of this thread, is that he was most likely never really living in some foreign country before (holiday or short business trips do not really count), to be aware enough that there are differences out there, and that keeping the mindset of his own country will not bring him too far.

thank you for this. Makes sense. Food for thought!

 

[thestunner316]

If I may add my opinion.
I am not in Canada yet, but I am in the EURO using country (one of the world currencies). On the top I also still remember time of my country where such offers were normal.
Now here is the story.
Somewhere 27 years back there was change of politics over here and as a result there were lot of changes resulting into releasing financial markets as well.

Very soon our local currency was spiraling down and loosing its value (things became much more expensive just within few years). Somewhere in 1993 or 1994 there were very nice % offer from banks rallying between 14 to 19% ROi per year. Also it lasted just few months but it was there. Common people were happy and investing into banks the small amount of Money they still had.

In the background there were lot of opportunities to buy whole factories cheap. So some people were hungry for Money as they knew that they can get 200% to 500% percent revenue per year, so like 30% interest rate from a bank seemed ok.

The problem was that such situation did not lasted long and soon most of the cherries were picked out. As a result interest rates on saving accounts in the banks went down heavily.
In addition some smaller banks crashed as law behind was not that strong. As a result some people lost lot of Money in this game. But it also triggered changes in the needed laws.

Later on (1997 - 1998), the standard interest rates went down to 5% or less which was very close if not below to the inflation rate. People were not satisfied and still had simple thinking wanting to make Money fast and easy.
That thinking was used by speculative companies that were not covered with newly reinforced banking laws. So they started to offer wonderfull 20 to 30% interest rates. And people fall for the game again. The problem behind was, that there were not such big opportunities to invest that good anymore on the market. So that was nothing else but a ponzi scheme, where small amount of people got good Money (those who invested early but also withdrew Money fast) and most of people there were to suffer.

Needless to say that all those companies retreated from the market like within a year, by bankrupcy and by the owners fleeing to some far away countries where they could not be brought to the justice. What was left behind, was a whole army of fooled people who sometimes lost their life savings.

Current market situation on all big currencies is, that there are very small % on any safe saving methods, so it is actually encouraging you either to spend your Money or to start business.
With this said, seeing something on that high % should trigger an internal alarm, as it points to short term situation and higher market volatility or it can point to the higher speculation companies, that will dissapear once they have collected enough Money.

But at the same time that does not mean, that there are not good opportunities either in Canada or somewhere else, it is just that they are mostly in different areas than in buying some shares or saving accounts.

An no, nobody who knows where the opportunity are will share with you just because you want to become rich in Canada as well. That is for you to discover.

What I see in the story of the person who put the original question of this thread, is that he was most likely never really living in some foreign country before (holiday or short business trips do not really count), to be aware enough that there are differences out there, and that keeping the mindset of his own country will not bring him too far.

+1 for that... its just the most basic of human nature... that want to get more and more and more, and quicker and quicker and quicker... reminds me of a quote from the oracle in the matrix 3 - "What do all men with power want ? more power... "

people just want to earn fast money, in the quickest possible way... it doesnt work that way... if something is too good to be true, it probably isnt