future plan

T

techy2468

Registered Users (C)
i have a approved I-140, EB3-india, PD-aug 05.

my spouse has a EB1 I-140 pending...

i dont want to continue with my employer for GC sake since they do not have any clients in my area....and it sucks to work through middle layers....

if my spouse EB1 gets denied then she also does not want to continue with her employer.

that means we both will try to get a better job in a bigger place like atlanta.....and then think about restarting GC again...

my aim is to get a better work satisfaction so that we dont feel miserable during weekdays (blv it or not....our life is controlled by work almost 80%).

i do have great doubts about the term "work satisfaction" but i am optimistic that if we keep looking we are sure to find a good company with a good team....

and if we feel good about our work....then life will be a breeze since long term plan is to keep saving so that if things get tough we can retire in our home country....

(according to my opinion....$200k is enough to retire for a family of three in india.....around $50-70k for housing....rest in interest generating bank account.........should be enough to sustain a good lifestyle.....and then we can always look for a job...)


i am going to wait for next 4-6 months(keep my approved I-140 alive) to see how things turn out in terms of legislation........and if it looks like a never ending political drama i will take the decision to switch...


what do you guys think about this plan??
 
$200K is equivalent to Rs 50Lacks to me....

techy2468 said:
i have a approved I-140, EB3-india, PD-aug 05.

my spouse has a EB1 I-140 pending...

i dont want to continue with my employer for GC sake since they do not have any clients in my area....and it sucks to work through middle layers....

if my spouse EB1 gets denied then she also does not want to continue with her employer.

that means we both will try to get a better job in a bigger place like atlanta.....and then think about restarting GC again...

my aim is to get a better work satisfaction so that we dont feel miserable during weekdays (blv it or not....our life is controlled by work almost 80%).

i do have great doubts about the term "work satisfaction" but i am optimistic that if we keep looking we are sure to find a good company with a good team....

and if we feel good about our work....then life will be a breeze since long term plan is to keep saving so that if things get tough we can retire in our home country....

(according to my opinion....$200k is enough to retire for a family of three in india.....around $50-70k for housing....rest in interest generating bank account.........should be enough to sustain a good lifestyle.....and then we can always look for a job...)


i am going to wait for next 4-6 months(keep my approved I-140 alive) to see how things turn out in terms of legislation........and if it looks like a never ending political drama i will take the decision to switch...


what do you guys think about this plan??
Click to expand...
techy2468,
I am not sure that how long you have lived in USA but even if you have lived for like 2 yrs you are pretty much used to this culture/environment and the comforts. Trust me $200K is nothing in india to get all what you are getting here. I don't think you have visited india lately. If you are thinking to buy a house in DELHI/Bombay/Banglore or near by to these places than Sorry to say you cannot buy a two bedroom appartment in a decent neighbourhood in $50K-$60K. Its way more than that. Then you and your spouse would need a CAR (I guess little better than a Maruti 800) Here goes another $30K. If you have a KID. YOu would want him to go to a good school. and this list will go on. So as I can see ....$200K is equivalent to 50Lacks these days (just to give you an idea about the expenses of these cities in india these days). If you prefer to stay/buy a house in a small town then its ok i guess. Again its my way of thinking.
 
gckajadoo.....i will disagree with you on this...

my brother is in real estate in bangalore.....i think you can pretty much get a decent house for $70k........of course in a new development......which may be a bit farther from heart of the city...

two cars will not be required.......and yes...it can be a maruti-800, because for the sake of dignified life...i am willing to compromise on luxury and i will not be dependent on them other than for fun.....(most companies have their own transportation)

but on the flip side......i am still very far away even from this $200k........it will take another 4 years being in usa, for me to get there.
 
techy2468 said:
apollo_13 .... i am right now in Alabama, birmingham........my plan is to move to atlanta...
Click to expand...

No wonder why your company doesn't have clients in your current place....

Its a good option to move to Atlanta,

Job opportunities are more,
Real estate is not skyrocket high,
Weather is good except very few occassions and
Cost of living is not too bad either......


Good luck....
 
living off of $200k is challenging unless it is a small city. with $1=45Rs; you are looking at close to 100L. If all is converted and nothing is lost in taxes, then with interest rate of 6-7%, you make 6-7 L yearly. Have you considered other implications such as inflation, etc.?
You will have to work=>live in a big city=>probably lose half of your savings. Further, is all the saving you have liquid or in stocks and company retirement accounts?
techy2468 said:
gckajadoo.....i will disagree with you on this...

my brother is in real estate in bangalore.....i think you can pretty much get a decent house for $70k........of course in a new development......which may be a bit farther from heart of the city...

two cars will not be required.......and yes...it can be a maruti-800, because for the sake of dignified life...i am willing to compromise on luxury and i will not be dependent on them other than for fun.....(most companies have their own transportation)

but on the flip side......i am still very far away even from this $200k........it will take another 4 years being in usa, for me to get there.
Click to expand...
 
tusharvk....i know abt inflation......but i like to keep things simple for sake of sanity.......because once i will be in india....surely i wont be twiddling my thumbs.....hence...i will be like everyone else over there.......but with the benefit of my savings i will be a step ahead of them...
 
techy2468,

gckajadoo is 100% right. India is very expensive these days. $200K is not enought if you want US life in India.
 
baby_mde......again....$200k is a head start for a life in india.....its not the ultimate retirement plan...with all comforts and a fortress.....

in other words....i can say that i need $500k for a king size retirement in india.....but whats the point if it takes 10 years to accumulate that money....what life will be left after you have spent 10 years living like a dog....

i still think $200k is a pretty decent amount as of now.....to start your life in india.....(in fact it could have been a decent amount in australia and singapore also if usd had not lost close to 35% of its value)

in other words its like saying.....if i get immigration of australia and i have a saving of aust dollars 300k, which will buy me a great house and a car...and a lot left in bank.....am i not better than other skilled people over there....

i hope this explains it better.
 
I do not agree with you. Just buying 400 sqy plot in Hyderabad it would cost us $20K and this plot is 40Km away from center of Hyd.

Another example, if you want a DSL connection it will cost us Rs. 800 per month and it is limited hours.

And there are many more to the list.....

Run time expediture is more in India. If we go India with $200K we still have to work a DOG.
 
I agree with the techy2468's plan....that shows me some idea. Your are right techy2468, that we live simple lives and do not expect American life in India. Live the Indian life in India. I totally agree in simple living. DSL will cost just Rs150 a month for unlimited time. I just got this in my house in India.

I think if I can save $200K here, I will be packing up my bags today. And ofcourse I am still young enough to work for another 20-25 years.





baby_mde said:
I do not agree with you. Just buying 400 sqy plot in Hyderabad it would cost us $20K and this plot is 40Km away from center of Hyd.

Another example, if you want a DSL connection it will cost us Rs. 800 per month and it is limited hours.

And there are many more to the list.....

Run time expediture is more in India. If we go India with $200K we still have to work a DOG.
Click to expand...
 
JANHK said:
DSL will cost just Rs150 a month for unlimited time. I just got this in my house in India.
Click to expand...

Cool....Which part of India?

I am also looking for a good deal. Could you pls send me the link where you found this deal?
 
I had cable broadband when I was in India. Rated speed 64kbps. Actually speed 10kbps (at non-peak hours). Rs. 250/per month. No upgrade available.
 
baby_mde said:
I do not agree with you. Just buying 400 sqy plot in Hyderabad it would cost us $20K and this plot is 40Km away from center of Hyd.

Another example, if you want a DSL connection it will cost us Rs. 800 per month and it is limited hours.

And there are many more to the list.....

Run time expediture is more in India. If we go India with $200K we still have to work a DOG.
Click to expand...

why do i feel that this is again...a argument for the sake of an argument...

are you telling me that $200k is good for nothing....

forget about india.....$200k will go a long way even in usa.....it can buy me a pretty decent house in the best location in birmingham,AL.

what i am trying to say is:
instead of going empty hand.....i will go to india...with $200k.....which can give me a big head start (it can take 15 years being in india to save that kind of money)......which means my life will be easier to manage....
 
$200k is more than enuf in India

it's not that you are going to sit idle once u reach India. U will be earning atleast Rs.50,000 PM. Can u not afford ur Rs.800 internet connection with that salary ?
 
You must log in or register to reply here.
Top