Dark Reality Of Going To US To Make More Money
Finance With Sharan・20 minutes read
Moving to the US from India can result in significantly higher wealth generation, but challenges such as high tuition fees, visa restrictions, and long green card wait times exist, making alternative options like teaching in the US or setting up a business through the EB5 program worth considering. Additionally, exploring other countries like the UAE for potential savings or considering options like obtaining Caribbean passports for easier US entry may be viable alternatives to traditional immigration routes.
Insights
- Staying in India instead of going to the US for 7 years can result in wealth generation 5 to 10 times higher, highlighting the financial impact of such a decision.
- The US, despite its appeal, presents challenges such as high tuition fees, limited job opportunities, and lengthy green card wait times, influencing individuals to explore alternative immigration routes or consider other countries like Dubai for residency.
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Recent questions
What are the benefits of staying in India versus going to the US for 7 years?
Staying in India as opposed to going to the US for 7 years can result in wealth generation that is 5 to 10 times higher. This is due to factors such as lower living costs, potential job opportunities, and the ability to avoid high tuition fees and loan interests that may be incurred in the US. Additionally, staying in India may provide a more stable environment for family planning and financial security.
What are the challenges of finding a job in the US on a student visa post-graduation?
Finding a job in the US on a student visa post-graduation can be challenging, as if a job isn't secured within 2 months, staying in the country may not be possible. This time constraint adds pressure to graduates to secure employment quickly, potentially limiting their job options and leading to uncertainty about their future in the US.
What are the average tuition fees for a master's degree in the US?
The average tuition fees for a master's degree in the US are around a crore. However, it is important to note that starting salaries post-graduation may not always cover the loan interests incurred from these high tuition fees. This financial burden can impact graduates' ability to repay their loans and may influence their decision to stay in the US.
What are the implications of the Green card wait times in the US?
The Green card wait times in the US can extend to 50-100 years, which can hinder family planning for individuals seeking permanent residency. This lengthy wait time can create uncertainty and challenges for individuals looking to settle down and establish roots in the US, impacting their long-term plans and decisions.
What are the alternatives to conventional immigration routes to the US?
An alternative to the conventional immigration routes to the US is the EB5 program, which requires a $800,000 investment and job creation. This program offers a different pathway to obtaining residency in the US, providing an option for individuals who may not qualify for traditional visas or green cards. Additionally, non-cap based H1B visas are available for certain organizations like schools and hospitals, offering another avenue for immigration to the US.
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