Episode 14
How To Build Wealth as an NRI (CFP Reveals Secrets) - w/ Vrishin
In this episode, my guest is Vrishin Subramaniam. Vrishin is a CFP (Certified Financial Planner) who is on a mission to help NRIs achieve financial freedom - by helping them be millionaires.
First moves to steal
- Build Wealth as an NRI (CFP Reveals Secrets) - w/ Vrishin
- How to build wealth as a student, best practices and some common pitfalls
- How to build wealth as a salaried employee on OPT (and STEM OPT)
- How to deal with student loans
- How to optimize investments including 401ks
- Vrishin helps provide a blueprint that can be followed by anyone in the US in the capacity of a student or a working professional.
- living that if that students can start doing right from day one kind of when Co doing right from day one kind of when...
Transcript-backed moments
A few lines worth stealing before you hand over the full hour.
everybody in India getss an engineering degree and then they figure out what they want to do I don't just know it I'm they want to do I don't just know it I'm living that if that students can start
living that if that students can start doing right from day one kind of when Co doing right from day one kind of when Co started I said let me start a business how hard would it be now we're in day
how hard would it be now we're in day one of full-time job now you're a salaried employee now that same question there's a reason why it's called personal finance what made you kind of
personal finance what made you kind of look at just the nris younger folks anybody who's Millennial ji if your debt is bad don't take loans we say house is is bad don't take loans we say house is the best investment so like go buy a
the best investment so like go buy a house immediately I will but do you have $8,000 sitting in your Robin Hood account ask this is actually a friend of mine that prompted me to ask this very
Show notes
In this episode, my guest is Vrishin Subramaniam. Vrishin is a CFP (Certified Financial Planner) who is on a mission to help NRIs achieve financial freedom - by helping them be millionaires. Vrishin helps provide a blueprint that can be followed by anyone in the US in the capacity of a student or a working professional.
We discuss:
How to build wealth as a student, best practices and some common pitfalls
How to build wealth as a salaried employee on OPT (and STEM OPT)
How to deal with student loans
Investing in India vs the US
When sending remittances to home country is a good plan
How to optimize investments including 401ks
What to do with investments when one has to head back to home country
When becoming a home-owner is a good idea
Anecdotes/success stories of helping clients
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Resources:
Vrishin’s LinkedIn: https://www.linkedin.com/in/vrishin/
Timestamps:
(00:00) Intro and Background
(03:01) Journey from Electrical Engineer to CFP
(07:37) Why focus on Financial Planning for NRIs
(10:16) Establishing a CFP practice
(13:37) Best practices to build wealth as students
(17:29) Best practices to build wealth as a full-time employee (OPT)
(21:22) Investment and student loans - recommendations and playbook
(26:09) Remittances to home country and why
(29:06) What to do with investments while leaving US forever
(35:08) Best practices to build wealth on an H1B
(38:54) Home ownership - yay or nay?
(42:45) Anecdotal client case-studies from Vrishin’s experience
(46:50) Outro + gratitude