How to Save Money in USA? How much salary can I get in my first job? Questions Answered in this video So total saving is 20000 dollars ,with current exchange rate= 20k * 60=12 lakhs. In India after ms one gets average salary of 5 lakhs after expenditure in rent,daily needs,etc.. saves 2 lakhs per year. So by earning in US are earning 6 times more then India...save money by working in US for 10 years and invest in real estate in india in very first year. at the end of 10 years or so return to India and live a lavish life. Thanks for the thought provoking video. I think you have presented a fair estimate of day to day expenditure in the US. To answer your question; I don't think you can save more than ~$20000 by cutting down your expenditure, given the fact that it is a conservative estimate. Only way would be to supplement your income by investing your savings. Stock markets can be ruled out, as they are volatile and risk prone. Risk free investment options such as certificate of deposits (CDs) can be considered. If one thinks the rate of interest (~1% per year) is not sufficient, he/she can invest their savings in India, in the form of fixed deposits which have ~10% growth rate (provided USD conversion rate remains steady). P.S. I have been thinking about these options lately. If you have better ideas, please share it with us. Thank you.
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