How long it take one to earn 1M staying in USA. IT kuli chestu

[bharathicement]

3 hours ago, Sucker said:

Paycheck to paycheck bathukulu Anna Million $$ tarvatha monthly $100 migilithe adhe goppa 

vunna dabbulu anni sanjala meedha pedithe month end ki $100 migaladam kaadhu kadha kidney lu ammukokunda vunte chaala yekkuva ani @csrcsr bro cheppadu gaa

[Sucker]

55 minutes ago, Tellugodu said:

Successful business chestu, nuvu ane matalau kadu Anna. 

I am talking about single paycheck and IT anna

[vithanda_vadhi]

If some asks you how long will it to take to loose 10kgs of weight, will you able to answer without any additional information like whether other person is willing to cut down on calories intake? Can go to gym? etc. etc

Similarly there is no one line answer to your questions. There are IT guys who make million in a year, there are guys who takes 15 years to make a million.

It is all based on your earning capabilities, investment strategies and luck

[Thantrik]

7 hours ago, ForEverJava said:

If u invest smartly in less than 5 yrs ..ledy 401k ira safega invest chestu 1M ante 10 to 15 yrs. 

5 yrs 1M avvalante entha income undali and entha invest cheyali..

[Konebhar6]

9 hours ago, toranam said:

How long it take one to earn 1M staying in USA. IT kuli chestu

You are keeping aside money after your Monthly expenses which includes Mortgage, food, monthly bills, shopping, kids activities, sending money to india to take care family, Vacations, etc. You are also securing your future by saving 401k, IRA and Kids higher education.

You are living your dream and still able to save money. So how does it matter, if it takes 5 yrs or 15 yrs to save 1M? What's the purpose of 1M?

[Konebhar6]

15 hours ago, toranam said:

Kismath lite bro -- avvani knai panulu -- only hardwork pays always - i believe so

The only way to get to 1M sooner is only by taking risk. How much risk we can take is upto us.

• Home Buying - A lot of people who bought homes between 2010 to 2019 have considerable equity in their homes. So buying real estate when it tanks is a good way and safe way. Timing is the key.
• Forced saving - Put aside some money as SIP into Index funds which on ave give 7% over time. This way you can put a check on unnecessary expenses. Discipline is the key. 
• Join a start up - Look for a Start up which pays decent money and gives excellent stock options. most start ups give. If its successful, your life is set. Product of the start up is the key
• Stocks - Buy standard companies like MSFT, AMZN, GOOG, J&J, Pfizer, etc. Check their history and check their returns over any 5 yr period. You will get an idea. Only invest money that you dont need in next 5 yrs. Avoid MEME stocks. My experience in stocks is that its easy to say but making money is hard esp having control over Greed and fear. MFs or SIPs are better. Fin knowledge is the key
• Savings - Takes the most time but is the safest option. 

Finally I also believe in hard work as you but luck is a big factor too. Luck usually favors those who are sincere.

[ForEverJava]

7 hours ago, Konebhar6 said:

You are keeping aside money after your Monthly expenses which includes Mortgage, food, monthly bills, shopping, kids activities, sending money to india to take care family, Vacations, etc. You are also securing your future by saving 401k, IRA and Kids higher education.

You are living your dream and still able to save money. So how does it matter, if it takes 5 yrs or 15 yrs to save 1M? What's the purpose of 1M?

It matters if u want to get out of rat race and do whatever u want in life travel or hobby or just retire  without stress if u don't have work authorization issue . If u want to live stress of Agile work of IT ..like peer programming daily standup situp retro spribt cycles demos sprint planning etc till u die then it dies not matter .

[VictoryTDP]

17 hours ago, Sucker said:

Paycheck to paycheck bathukulu Anna Million $$ tarvatha monthly $100 migilithe adhe goppa 

nuvve paycheck to paycheck annav ante inka db antha very poor annamaata 

[Sanjiv]

money, money, money ani greedy ga money venta padite, money raadu. unnadi kuda potundi.

money should come as a by-product or as a bonus of your efforts and passion.

passion + efforts = success => money

[Konebhar6]

42 minutes ago, ForEverJava said:

It matters if u want to get out of rat race and do whatever u want in life travel or hobby or just retire  without stress if u don't have work authorization issue . If u want to live stress of Agile work of IT ..like peer programming daily standup situp retro spribt cycles demos sprint planning etc till u die then it dies not matter .

Anduke adiga bhayya whats the reason to get to "1M" in savings. A lot of people are happy with their routine jobs and are living a comfortable life. Just a reminder that they are living their dream and not think too much about savings unless they have a different goal.

In fact I started a thread on early retirement and I do have plans to get to $10k-$20k monthly income or other ways to retire. My goal there was to retire early.

[Tellugodu]

1 hour ago, Konebhar6 said:

The only way to get to 1M sooner is only by taking risk. How much risk we can take is upto us.

• Home Buying - A lot of people who bought homes between 2010 to 2019 have considerable equity in their homes. So buying real estate when it tanks is a good way and safe way. Timing is the key.
• Forced saving - Put aside some money as SIP into Index funds which on ave give 7% over time. This way you can put a check on unnecessary expenses. Discipline is the key. 
• Join a start up - Look for a Start up which pays decent money and gives excellent stock options. most start ups give. If its successful, your life is set. Product of the start up is the key
• Stocks - Buy standard companies like MSFT, AMZN, GOOG, J&J, Pfizer, etc. Check their history and check their returns over any 5 yr period. You will get an idea. Only invest money that you dont need in next 5 yrs. Avoid MEME stocks. My experience in stocks is that its easy to say but making money is hard esp having control over Greed and fear. MFs or SIPs are better. Fin knowledge is the key
• Savings - Takes the most time but is the safest option. 

Finally I also believe in hard work as you but luck is a big factor too. Luck usually favors those who are sincere.

On top of all this. Another way you can enjoy the riches by inheriting ancestral property or marrying a wealthy person as partner.  I noticed multiple guys I know were trying to get married to a doctor partner here in US. 

[Konebhar6]

12 minutes ago, Tellugodu said:

On top of all this. Another way you can enjoy the riches by inheriting ancestral property or marrying a wealthy person as partner.  I noticed multiple guys I know were trying to get married to a doctor partner here in US. 

Good ones. I was tempted to add Scams as well . Also find opportunities to make quick money. Like someone posted here that they made 10-20K during the Supposedly Sona Masoori Craze. 

[toranam]

7 minutes ago, Konebhar6 said:

Good ones. I was tempted to add Scams as well . Also find opportunities to make quick money. Like someone posted here that they made 10-20K during the Supposedly Sona Masoori Craze. 

Edo mahdev betting app scam lagana google it it made a big news recently big bollywood fishes involved in it

panipuri ammetodu 2000 crores hawala sampadinchadu