But, if a person get $100,000 there, & the person is saving a decent amount, then using foreign exchange rate he/she will get good amount in India. The more you save, the more you will be in profit. 2nd, apple phone costs same or even more in India, this also I think breaking using 'big mac' concept totally. So, yeah we need variety of goods & services to get more accurate value like you said
I agree. Healthcare and education are two major expenses that drain an Indian's pocket. And that's where certain developed countries have an edge (healthcare may be tricky though, in both places).
This was just to give an idea on what you should keep in mind :)
Aug 21, 2022·edited Aug 21, 2022Liked by Ankur Jhaveri
To add.. if you are married and spouse is also working, then the annual savings might increase further (assuming your spouse will earn more abroad than in India which might be true in many cases)
But, if a person get $100,000 there, & the person is saving a decent amount, then using foreign exchange rate he/she will get good amount in India. The more you save, the more you will be in profit. 2nd, apple phone costs same or even more in India, this also I think breaking using 'big mac' concept totally. So, yeah we need variety of goods & services to get more accurate value like you said
Very insightful. Would love to receive these twice a week.
You explained this 'seems difficult' topic in a very crisp and easy manner. 👍
Well I would love to get these kind of insightful mails twice a week.
Thank you :)
I would love to have 2 post in a week. 👍
Im happier with this newsletter being once a week. Lets you soak it all in without having to rush through it. :)
Thanks Nikhil :)
Well articulated !
However, countries like US and UK provide free healthcare and education.
In India, one has to shell a hell lot of money into these areas which is not the case in US and UK.
What’s your pov on this ?
P.S - Keeping these points on table for further discussions .
I agree. Healthcare and education are two major expenses that drain an Indian's pocket. And that's where certain developed countries have an edge (healthcare may be tricky though, in both places).
This was just to give an idea on what you should keep in mind :)
To add.. if you are married and spouse is also working, then the annual savings might increase further (assuming your spouse will earn more abroad than in India which might be true in many cases)