India Business or Canada Job ???

[CMP]

Hello Everyone,

I have a question which is going on in my mind from long time. I am from engineering field (8 years of experience and my age is 31 years) and my wife from teaching field (5 years of experience). We have worked in UAE for 2 years from 2015 to 2017 and was able to save net INR 65000 per month (including both earning) after removing all expenditure. We are aware about the challenges required to face to settle in new country and we are ready to face.

I had a wish to have business in India, but when I moved to India in end of 2017 and started my business in my project field, I realised that in competitive market and payment stuck at client end, makes business fail.

Please let us know, is it possible for us both working in said field with our 24 months baby and save monthly 4000 Canadian dollar after removing all house rent, car and insurance expenses, baby school fee, any other expenses. and please also guide us on following points:-

1. How much money required for higher education in medical field for our child.
2. Money required for after retirement to survive.

As I have heard that higher education is so costly that your life time saving goes in it, & difficult to live after retirement without much bank balance.

This doubt in my mind came to clear whether shall I stay in India with my family and start another business and try my luck or to work in Canada with good life and good money.

 

[Kenny76]

You can save $4000 if you live a very frugal life otherwise its tough even with 2 persons working. BTW your wife will have to study and take membership of associations before she can start working and she may even have to study some courses. One question, why you want to save 4K . Its more than 2 lakhs per month in INR . You are going to be disappointed if you come with these expectations.

You are already thinking about future study field for your kid of 24month. You are in for a lot of hurt with that thinking. Canadian raised kids are different sir

 

[CMP]

You can save $4000 if you live a very frugal life otherwise its tough even with 2 persons working. BTW your wife will have to study and take membership of associations before she can start working and she may even have to study some courses. One question, why you want to save 4K . Its more than 2 lakhs per month in INR . You are going to be disappointed if you come with these expectations.

You are already thinking about future study field for your kid of 24month. You are in for a lot of hurt with that thinking. Canadian raised kids are different sir

Thanks a lot Kenny for your prompt reply and appreciate your valuable feedback. The reason I mentioned 4k is that from this saved amount I can start a business in India by taking someone as partner.
Please let us know how much time and money required for teaching courses and to be a member of association and from where can we find this details.