An NRI’s post about a $120,000 (approx Rs 1.12 crore) job in the US has gone viral after she expressed her wish to return to India soon after completing her master’s. In a Reddit post, the user shared that they received a job offer in Austin, Texas, but wanted to return home due to depression caused by loneliness abroad.
“Hey guys, need a help badly. I’m about to finish my MS from Indiana. Got 120k (100k base) offer in Austin. I have about 40k dollar loan pending,” the user said in a Reddit post.
The NRI asked the internet for advice on how to manage the transition and how much money they should save before leaving the US.
“I’m too depressed right now and just want to save as much as possible before returning. Could someone give me rough estimate about how much will I have in-hand & how much can I save roughly in 3/4 years?”
As the post went viral, users said the NRI should first pay off the loan in US dollars before returning home.
One user said, “Clearing the loan and saving ~125k is achievable. No state taxes is an added bonus. Since you can’t get by without a car in Texas, buy a beater car, and have flatmates. Do not get a brand new or a fairly used car.”
Another person wrote, “Honestly, the math doesn’t math for me… With your loan and your savings goal you need around 200K. Doing that in 3 years means you invest 60K a year (which is basically impossible)..and hope it goes up. 6 years is do-able IMO.”
A third user added, “Your primary objective should be to pay off your loan while you can earn in USD.
Try to make friends who have similar interests. Austin is good place for outdoor activities. That should help your current mental health situation.”