Hi All, Hoping to get some genuine advice. Current TC: $180k (L6 Non-Tech) Savings: $500k Income from business in India: $15k/month/person ($30k split between me and my partner). Essentially I am able to replicate US salary in India through this business. Business is in expansion mode so we keep reinvesting all the profits and are only able to draw $3/month each (Me and my partner). Rest $16.8k/month (post tax) is reinvested and we are growing YoY. I am a passive investor till now but want to take an active role and expand it 5X in next 2-3 years. Issues: 1. There are multiple months when we are unable to draw any money from the business. Call it bad planning but we don’t do a very good job at maintaining cash flow. However, it has always been a temporary problem (4-5 months) and then it we are able to draw all 4-5 months of salary in 1 shot. I fear missing the comfort of paycheck being credited/month. 2. I dread dealing with basic problems in India like water, traffic, pollution. I am just not used to it any more. The goods: 1. My kid is 2 and I really want him to grow in India and close to my parents. 2. I feel trapped due to this visa and horrible wlb at Amazon. Need to travel more and take more vacations which I can do if I am my own king. My green card is gonna take way too long and I am tired of working for someone else. Just too scared to take the plunge and go back to India. What do you guys think should be the best course of action for me? Thanks
List your pros & cons of either approach. We shall do the work for ya
Go to Canada . Atleast your 2 year old will breathe clean air .
You know the answer... You don't want to go because you like living here. There's no way you are going to get an answer here! 🤣 You want it both, the good life here and not having to work for someone else. Think about getting the EB5 visa with the savings that you have.
Isn't EB-5 $1.8 million now?
Thought about it. EB5 is backlogged too for India now and is like a 3-4 year wait.
What business you do in India? Generating great profits.
Don’t want to go into details. Let’s just say it is a typical “lala” type business. Wholesale/retail
What kind of business is it in India? One would assume that would do significantly better if you're right there!?
I believe you posted this sometime back. I would move back to India with that salary especially if you see it 2-5x in few yrs. with your own business setup sky is the limit. Visa issues are too much stress to enjoy vacations.
$30k / mo = 21 lakhs per month? With that kind of money what are you even worried about? Go have fun.
Well the problem it is now how it looks. I only get to withdraw 2 lacs/month. Rest is all reinvested.
I mean that seems like a good problem to have. If you’re reinvesting stuff, you expect more money in the future. Seems like an exciting business to be a part of and you can live on 2 lpa with a paid off house in India for a while without too much struggle. Your lifestyle will improve if anything by moving back. If someone else is running the business, then one other option is to move back as an Amazon L6. L6s minted in the US will have a lot of respect and pull 70L - 1Cr or so in TC.
Which sector is your business in? Is it a long term sustaining business?
I wouldn’t say it is a long term business but I think it can help me retire in 4-5 years and it will surely sustain till then.
🙄
What do you mean?
Your post talks in circles