Lot of NRIs are actually losing money by working in US

[krishnaaa]

Seen a bunch of NRIs who are working IT jobs are actually losing money.

They all would have made a lot more money if they had just quit , went back to India, just took care of their properties and retired.

Do you have people like that in your circle?

 

[akkum_bakkum]

1 minute ago, krishnaaa said:

Seen a bunch of NRIs who are working IT jobs are actually losing money.

They all would have made a lot more money if they had just quit , went back to India, just took care of their properties and retired.

Do you have people like that in your circle?

 

wat anna...y r u motivating everyone to leave? How r thy losing money btw?

[JANASENA1]

1 minute ago, akkum_bakkum said:

wat anna...y r u motivating everyone to leave? How r thy losing money btw?

zindagi lu break even lo naduputhunnaru ani kavi bhavam emo

[krishnaaa]

2 minutes ago, akkum_bakkum said:

wat anna...y r u motivating everyone to leave? How r thy losing money btw?

They are invested in stagnant properties, or not being renovated, land available but not giving out for rent etc

Instead of working in US, if they went back and readjusted their properties like selling those inside ORR and buying in growing areas or buying commercial spaces for cashflow, renovated with cash sitting in nri accounts to get more rents etc....they would make lot more money.

[dreamchaser]

10 minutes ago, krishnaaa said:

Seen a bunch of NRIs who are working IT jobs are actually losing money.

They all would have made a lot more money if they had just quit , went back to India, just took care of their properties and retired.

Do you have people like that in your circle?

 

Anna, why do you keep posting threads about returning to India? Not everyone is fortunate enough to have a working spouse like you do. In your earlier posts, you mentioned that you’re not currently working and are spending time on stocks and other investments while your wife works. Most desi families rely on a single income and have to be very careful with their finances. It seems like you’ve already decided to return to India and are now looking for reassurance from other DB members.

[futureofandhra]

5 minutes ago, krishnaaa said:

They are invested in stagnant properties, or not being renovated, land available but not giving out for rent etc

Instead of working in US, if they went back and readjusted their properties like selling those inside ORR and buying in growing areas or buying commercial spaces for cashflow, renovated with cash sitting in nri accounts to get more rents etc....they would make lot more money.

Ya manushulu lekapothey they will be orphaned lands 

[krishnaaa]

Just now, dreamchaser said:

Anna, why do you keep posting threads about returning to India? Not everyone is fortunate enough to have a working spouse like you do. In your earlier posts, you mentioned that you’re not currently working and are spending time on stocks and other investments while your wife works. Most desi families rely on a single income and have to be very careful with their finances. It seems like you’ve already decided to return to India and are now looking for reassurance from other DB members.

Assumptions...assumption....assumptions.

This is the problem which keeps lot of families poor. SAvings matter....but investments matter a lot more.

If you are single income, you have Zero reason to be in US unless you have very high income.

What is your plan in the end?

I am seeing lot of single salary people moving back as its no use being here living with such low savings.

Wives can earn in India. Many IT people wives don't do jobs, not that educated but still outearn their husbands.

Whats the used of keeping them caged here?

How do you think they can take care of family if something happens to you here?

[11MohanRedddy]

7 minutes ago, dreamchaser said:

Anna, why do you keep posting threads about returning to India? Not everyone is fortunate enough to have a working spouse like you do. In your earlier posts, you mentioned that you’re not currently working and are spending time on stocks and other investments while your wife works. Most desi families rely on a single income and have to be very careful with their finances. It seems like you’ve already decided to return to India and are now looking for reassurance from other DB members.

I am in a similar situation, although I am thinking of retiring and living on my wife's health insurance. I don't plan to return to India since all my investments are liquid, in the stock market, bonds, 401k, IRA Roth accounts. I think I motivated my wife to keep working that I am planning to retire. 

[krishnaaa]

18 minutes ago, 11MohanRedddy said:

I am in a similar situation, although I am thinking of retiring and living on my wife's health insurance. I don't plan to return to India since all my investments are liquid, in the stock market, bonds, 401k, IRA Roth accounts. I think I motivated my wife to keep working that I am planning to retire. 

Retire and do what?

There will be huge cognitive decline once you retire.

I am just retiring from IT. I am setting up stuff...planning to get into teaching as well. Much easier in India.

[PrivacyPolicy]

46 minutes ago, krishnaaa said:

Seen a bunch of NRIs who are working IT jobs are actually losing money.

They all would have made a lot more money if they had just quit , went back to India, just took care of their properties and retired.

Do you have people like that in your circle?

 

It true. Foreign will help to step our money to a limit. May be after 10 if we don't see much growth then its better to India and use that earned money to do some magic in india with out chasing this visa issues there.

 

Out of 10 btech frnds 2 lived in india itself became big shots, they are chichooor and had jill to do something. Nobody can reach them in my circle.

 

If life won't be speed after staying few years in usa, better to rethink and leave if you have jill.

[11MohanRedddy]

1 minute ago, krishnaaa said:

Retire and do what?

There will be huge cognitive decline once you retire.

I am just retiring from IT. I am setting up stuff...planning to get into teaching as well. Much easier in India.

Wood working, carpentry and 3D printing I want to learn after retiring. I am in the fed, mostly management naadi.

I do a lot of credit card churning that I accumulated millions of points worth of travel and vacation that I want to travel the world a good amount. I also need to manage my investment portfolio. I can do all that in the US, I don't want to return to India. My wife's job is secure here. 

[Dallasbaluu]

48 minutes ago, akkum_bakkum said:

wat anna...y r u motivating everyone to leave? How r thy losing money btw?

uncle got covid gc and age is 55. US lo uncle chesedhi em ledu India ki rammani andarini adugutunadu

[yslokesh]

42 minutes ago, krishnaaa said:

They are invested in stagnant properties, or not being renovated, land available but not giving out for rent etc

Instead of working in US, if they went back and readjusted their properties like selling those inside ORR and buying in growing areas or buying commercial spaces for cashflow, renovated with cash sitting in nri accounts to get more rents etc....they would make lot more money.

You talk only about Hyderabad and ORR as if thats the only place to live.

I have hired a cab driver for 15 days to stay in Kukatpally and spend time around the things within 10-15 kms.

Just to cover 1 km, it was taking 20-30 mins.

Stop. Inka no arguments.

 

[baabaa]

16 minutes ago, krishnaaa said:

Retire and do what?

There will be huge cognitive decline once you retire.

I am just retiring from IT. I am setting up stuff...planning to get into teaching as well. Much easier in India.

Teaching in India..... Lol!!! Where? Its one of the most under appreciated/ underpaid professions in India.

In private colleges students dont even listen to you, IIT's will not take you as professor unless have have a good Ph.D or research.

[krishnaaa]

7 minutes ago, baabaa said:

Teaching in India..... Lol!!! Where? Its one of the most under appreciated/ underpaid professions in India.

In private colleges students dont even listen to you, IIT's will not take you as professor unless have have a good Ph.D or research.

It will not be in a traditional institutions. It will be private and profits wont be a motive.