ILuvHyd's R2I (Hyderabad) Diary
Posted: Wed Feb 06, 2008 10:52 pm
28Sep2008 - I am moving some non-R2I related posts to my blog ILuvHyd's Blog
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I have been a silent reader of this forum for almost 2 years and started writing posts from Nov07.
I am a big proponent of information sharing for the betterment of all and I love this forum :emrose:.
I've learnt a lot from the forum (thanks to the founders and the contributors)and I want to give back by sharing my personal experiences as they relate to my R2I (to Hyderabad, specifically). (Copied it as it is from Nelly's blog :))
Background:
14 years experience in IT Operations, 5 years in India and 9 in US. B.Tech in India and part-time MBA in US and currently working as a Team Lead. Wife also has exact same experience in IT Software Development and part-time MS in US. Wife already resigned and middle of Feb is her last day as we want her to relax, spend time with kids before R2I.
Family:
Two kids aged 3 and 1. Our siblings(all younger) are all well settled in IT field here in US. Parents and inlaws in their 50s and split their time in US and India helping us with kids. Kids never in day care or pre-school.
Own a house and no mortgage.
All US citizens, OCI completed, wife and I finished 40 SS credits last month.
Why did we come to US?
To earn money quickly and achieve financial independence. We wanted to capitalize on the arbitrage opportunities that existed between India and US salaries in 1999. At that time US salary was roughly 10-15 times that of Indian salary.
Why R2I:
Achieved what we came to US for and want to return before the optimal window of opportunity closes. Wife and I are wired for India.
When R2I and logistics?:
Feb 2009. Not planning to take any furniture/equipment to India. No container/shipping. Just want to go back with suitcases the way we came here. Only change is 2 kids and their extra suitcases.
Parents and In-laws have decent apartments in the same area close to Hi-Tech city and will be staying with mostly parents and also use the in-laws newer, bigger, better apartment as the situation demands. Planning to build a house in that area in one of our plots. Need to sell some real-estate to generate cash to build house, buy cars and furniture. Brother-in-laws recently gifted a mid-size car to in-laws and we are planning to use it until settling and they already employ a driver.
What to do when R2I?:
Semi-retire. I am not planning to find a job prior to R2I. I want to take things slowly upon R2I and not planning to work immediately upon R2I. I want to enjoy the things I missed in India. Once I become absolutely bored and feel like working again, I will start looking for work and don't know when that will be. We don't really need a pay cheque to live and thanks to 14 years of work and some lucky investments. Wife is not planning to work atleast for the next 5 years after R2I. We like simple living and generally not very keen on luxiries and show-off.
Financial:
Net-worth split 40:60 in US and India respectively. Currently not planning on transferring any assets from US to India. I will later request an AAP/Financial help from gurus on this forum.
I think that's a good starting point and one can get more on my background by searching for my posts. I included the summaries/relevant points here and more to come.
==========================
I have been a silent reader of this forum for almost 2 years and started writing posts from Nov07.
I am a big proponent of information sharing for the betterment of all and I love this forum :emrose:.
I've learnt a lot from the forum (thanks to the founders and the contributors)and I want to give back by sharing my personal experiences as they relate to my R2I (to Hyderabad, specifically). (Copied it as it is from Nelly's blog :))
Background:
14 years experience in IT Operations, 5 years in India and 9 in US. B.Tech in India and part-time MBA in US and currently working as a Team Lead. Wife also has exact same experience in IT Software Development and part-time MS in US. Wife already resigned and middle of Feb is her last day as we want her to relax, spend time with kids before R2I.
Family:
Two kids aged 3 and 1. Our siblings(all younger) are all well settled in IT field here in US. Parents and inlaws in their 50s and split their time in US and India helping us with kids. Kids never in day care or pre-school.
Own a house and no mortgage.
All US citizens, OCI completed, wife and I finished 40 SS credits last month.
Why did we come to US?
To earn money quickly and achieve financial independence. We wanted to capitalize on the arbitrage opportunities that existed between India and US salaries in 1999. At that time US salary was roughly 10-15 times that of Indian salary.
Why R2I:
Achieved what we came to US for and want to return before the optimal window of opportunity closes. Wife and I are wired for India.
When R2I and logistics?:
Feb 2009. Not planning to take any furniture/equipment to India. No container/shipping. Just want to go back with suitcases the way we came here. Only change is 2 kids and their extra suitcases.
Parents and In-laws have decent apartments in the same area close to Hi-Tech city and will be staying with mostly parents and also use the in-laws newer, bigger, better apartment as the situation demands. Planning to build a house in that area in one of our plots. Need to sell some real-estate to generate cash to build house, buy cars and furniture. Brother-in-laws recently gifted a mid-size car to in-laws and we are planning to use it until settling and they already employ a driver.
What to do when R2I?:
Semi-retire. I am not planning to find a job prior to R2I. I want to take things slowly upon R2I and not planning to work immediately upon R2I. I want to enjoy the things I missed in India. Once I become absolutely bored and feel like working again, I will start looking for work and don't know when that will be. We don't really need a pay cheque to live and thanks to 14 years of work and some lucky investments. Wife is not planning to work atleast for the next 5 years after R2I. We like simple living and generally not very keen on luxiries and show-off.
Financial:
Net-worth split 40:60 in US and India respectively. Currently not planning on transferring any assets from US to India. I will later request an AAP/Financial help from gurus on this forum.
I think that's a good starting point and one can get more on my background by searching for my posts. I included the summaries/relevant points here and more to come.