India For Good Return Ke Entha Savings Vundaali?

[princeofheaven]

ippatiki ......rough gaa......stocks lo vunna profits anni kalipi oka $120k...........

 

you are on the right track, ma fren okadu 5 years high billing tool lo chesi oka 4 crores save chesadu. India lo undam anukune ammayi ni pelli chesukoni proj aypoyaka jump to India. Ippudu a savings valla real estate biz lo pettukuni doing biz. Inkoti manodu Bezwada native and chala lands unnai VGTM lo adhi kuda kalisi vochesindi...

[puli raaja]

you are on the right track, ma fren okadu 5 years high billing tool lo chesi oka 4 crores save chesadu. India lo undam anukune ammayi ni pelli chesukoni proj aypoyaka jump to India. Ippudu a savings valla real estate biz lo pettukuni doing biz. Inkoti manodu Bezwada native and chala lands unnai VGTM lo adhi kuda kalisi vochesindi...

[princeofheaven]

Going Back to India for Good – Tale of Two of My Friends

 

Most of us who leave India to go to other countries for studies/job will think of going back to India for good sometime later down the road. I have two friends who had identical educational qualifications who left India almost 10 years back to two different countries with plans to come back after earning some quick bucks.

Both my friends D and M completed bachelors in Civil Engineering from Kerala in 1997. D got an admission for MS in structural engineering from a university in US. M meanwhile did MS in structural engineering from a college inIndia. Now let us see how their life has changed.

Let us take the life of D. My friend D came to the US, the land of opportunities with great hope and dreams. He dreamt of earning and saving in US dollars and using all those savings to settle back in India. Reality struck him as soon as he landed in US for MS. Life as a student was tough – not the one he was expecting. To make life worse he never got any scholarship during the first three semesters of his studies. He completed his studies by Fall 2000 and he was fully submerged in debt. By the time he graduated the US economy was going south and he had to wait for another 6 months before he could land in a job. Now it is time to pay back the debts. It took him almost 18 months to pay the debts he had incurred during his graduate study. By that time he got his H1B visa and the company applied for his green card.

Now his parents started pressurizing him to get married. All his efforts to buy some time were in vain and within three months of paying of all his debts he got engaged and married two months later. To impress his newly wed wife he bought a new luxury car, furnished his apartment with brand new stuff – as typical of American life everything on loan. Again major part of his salary was now going to repay these debts.

In couple of years his wife got pregnant and soon his two bed room apartment was not spacious enough to accommodate the visiting parents. Like any Indian out there he buys a spacious four bed room house. Now two third of his salary goes to paying the mortgage for this house and he has to meet all the other expenses with the remaining salary. Credit card companies get richer as he started using these cards to cover the expenses over and above what his salary can afford.

I talked to him a few days back and we were talking about his initial plan of going back. He was telling me that all he wants now is to pay off all the loans which he knows will take years. He bought the house when the housing market was peaking and he cannot even dream of selling that in the near future without incurring any loss. He is so preoccupied with how to make both ends meet everyday that going back to India is the last thing in his mind.

Now my other friend M – he finished MS around the end of 2000 from India and got a job in Kuwait as a structural engineer in 2001. He got married like my other friend after working for two years but this friend was well settled in life when he got married. Most of the salary he got was savings for him as he never had to pay for his accommodation nor travel to and from the office nor yearly vacation to India. Within the last eight years he had enough savings to build a house for his family in India and now by this year end starting a structural engineering design company in Kerala and moving fromKuwait for good. He was telling me that he had enough savings to survive for another couple of years in India.

If you are in US the story of my friend D may sound very familiar to you. You may be able to see yourself somewhere in the story I was telling, right? So what is the moral of the story? Once you are in US, you are sucked into the system so much that going back to India (of course if you come here with plans to go back for good once) is really tough compared to going back from other countries. If you add children to this equation, going back from US becomes really tough.

 

 

 

Na school fren okadu ilanti sketch vesadu, IIT grad and last 6 years nunchi singapore lo finance professional ga chestunnadu and is really frustrated with the job pressure. India lo 1 cr petti illu kattinchukunnadu and about 2 cr savings unnai. So planning to come back to India and work as remote consultant to the singapore client...

[princeofheaven]

 

you are on the right track, ma fren okadu 5 years high billing tool lo chesi oka 4 crores save chesadu. India lo undam anukune ammayi ni pelli chesukoni proj aypoyaka jump to India. Ippudu a savings valla real estate biz lo pettukuni doing biz. Inkoti manodu Bezwada native and chala lands unnai VGTM lo adhi kuda kalisi vochesindi...

 

 

ma vodu baga conservative baa 90 per hr hand ki vostunna 2004 Honda accord car maintain chesevadu and always stayed in shared rooms. Office ki lunch kuda pack chesukuntadu..

[puli raaja]

ma vodu baga conservative baa 90 per hr hand ki vostunna 2004 Honda accord car maintain chesevadu and always stayed in shared rooms. Office ki lunch kuda pack chesukuntadu..

90 ke 4crs aa

[princeofheaven]

90 ke 4crs aa

 

sampadinchi danni simultaneous ga savings chesevadu, returning time lo cheppadu nenu India lo 4 C save chesanu na money investments tho ani..

[puli raaja]

sampadinchi danni simultaneous ga savings chesevadu, returning time lo cheppadu nenu India lo 4 C save chesanu na money investments tho ani..

endaka savings anav 4cr epudu investments tho 4cr save antunav so 4cr savings kaadu 

[mustang302]

vammo...ikkada antha conservative types unnar gaaa

 

4.5 yrs lo $120 K aaa...?

 

Million and counting aaa..vammoooo...!!

[maverick23]

you are on the right track, ma fren okadu 5 years high billing tool lo chesi oka 4 crores save chesadu. India lo undam anukune ammayi ni pelli chesukoni proj aypoyaka jump to India. Ippudu a savings valla real estate biz lo pettukuni doing biz. Inkoti manodu Bezwada native and chala lands unnai VGTM lo adhi kuda kalisi vochesindi...

Mee friend defnet ga faakaadu....TS $120 k picha luck....entha high billing ayina anna,Annie moosukune kirchunna 4 crores ante more than $700K.....masters chesuntaadu...India nundi vache jump kotte chance leedu ........Intlo properties vundi vuntaay....oorike earn chesanani covering ivchuntaadu!!!

[maverick23]

Mee friend defnet ga faakaadu....TS $120 k picha luck....entha high billing ayina anna,anni moosukune kirchunna 4 crores ante more than $700K.....masters chesuntaadu...India nundi vache jump kotte chance leedu ........Intlo properties vundi vuntaay....oorike earn chesanani covering ivchuntaadu!!!

[maverick23]

ma vodu baga conservative baa 90 per hr hand ki vostunna 2004 Honda accord car maintain chesevadu and always stayed in shared rooms. Office ki lunch kuda pack chesukuntadu..

ee technology babaya....asalu vendors leera??

[princeofheaven]

ee technology babaya....asalu vendors leera??

 

OBIEE baa, valla mama consultancy lo chesevadu and vadu free ga payroll run chesevadu..

[princeofheaven]

 

Mee friend defnet ga faakaadu....TS $120 k picha luck....entha high billing ayina anna,anni moosukune kirchunna 4 crores ante more than $700K.....masters chesuntaadu...India nundi vache jump kotte chance leedu ........Intlo properties vundi vuntaay....oorike earn chesanani covering ivchuntaadu!!!

 

 

masth properties unnai vadiki India lo, 2 hotels and many lands . Masters candidate ee, Job start chesina 1 yr nunchi nenu ee year velipotha anni every 1 yr increment ichukoni ee year finally jump...

[mustang302]

masth properties unnai vadiki India lo, 2 hotels and many lands . Masters candidate ee, Job start chesina 1 yr nunchi nenu ee year velipotha anni every 1 yr increment ichukoni ee year finally jump...

enni yrs unnadu US  lo..inka $700K savings is too much man...!!

[princeofheaven]

enni yrs unnadu US  lo..inka $700K savings is too much man...!!

 

7 yrs unnadu, 2yrs masters and 5 years job...