Money

Money u need to settle down in India ( tier 2 city )

Amazon arc()
5d

I read many post here and respect each and every advice to save around 1M before we move to India

What if we go tier 2 city I know there will be less job opportunity but I just need one job to live

My question to all experience guy is 1 Crore is good enough to settle down in tier 2 city or not ?

Yoe 5 in US 2 years Bay Area

comments

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  • CVS Health Rofl 😂😂
    Example of a tier 2 city??
    5d1
    • Amazon arc()
      OP
      Combaitore Pune Nagpur Indore Ahmedabad ...basically where u can live enjoy but you will not get too much job opportunity direct flights ( international)
      5d
  • Cognizant / ITfris-b
    Depends 1cr post all liabilities covered eg home loan? It depends on ur lifestyle. I think 60k a month is good enough for a normal person in India
    5d2
    • Amazon arc()
      OP
      Yep Paid off 1 home not planning for 2nd one
      5d
    • Cognizant / ITfris-b
      I think everyone should figure out their own defination of enough. 1cr is not a v big amount but if you are at a crossroad to decide you should go for it if your situation allows to save more I would say save and then take a call. Meanwhile generate passive sources of income in inda that will give u more confidence in taking the decision.
      5d
  • Intel tinntel
    with 1cr/mo u can go tier 0 city too.
    5d1
  • Amazon dimyung pi
    1 crore is not a lot of money unless your wants are 0/nilch/nada. I would try for at least 3 crore and build up another 2 crore in rest of your work life for a middle class retirement. Consider this, cost of a decent US college for undergraduate is 75 lakhs at today's exchange rate. Unless you think your kids won't need or want US education
    5d1
    • Oracle Numbats
      75 lakhs = $100,000 USD. Too low for 4 years of middle tier US college after room and board, too high for 1 year for a middle tier college after room and board.
      5d
  • Gigamon / Eng
    done

    GigamonEng

    BIO
    what's th is
    donemore
    You saved 1cr in 2 years?
    5d0
  • Workday jhztgv53
    2 million dollars
    5d0

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