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I got H1B Visa and 83000 USD dollar petition amount as annual package.I am confused as this amount will be enough to survive there with wife and 7 year old daughter.My wife is working here and together we are earning 50LPA annual.We are settled here by owning house too.Confusion is my wife will not be able to work there on H4 Visa so the kind of life we are living here will not be possible there.Thoughts?Suggestions?Pros and Cons?
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Which third world country do you live in?
I’m guessing OP splits rent and is fairly frugal....so why the shitty responses. Guessing new to working world and trying to do the right thing.
OP I think you may have meant to say $50K
Thanks P1. That is exactly correct. Looking to put my money in the best place(s) for growth. Not sure where to start. Any tips would be helpful.
What is the number you hit for rainy day finds?
10k (6 months rent and living expenses)
Roth IRA
ROTH. Dollar cost average into 4-5 ETFS (e.g. S&P, Commodity, Emerging, value, small cap). Rebalance quarterly. Don’t freak out when correction happens in 2-4 years—keep buying.