So friends, today I am going to share
and my future plans...
and when you are a student,
and a full time engineer, where all your expenses go.
imagine you just bought a new car.
It was Tesla in my case.
At first, your number plate is temporary
the new one comes
the day you are about to go to Seattle.
One day before that, you change the license plate number of your car.
And when you come back,
when you come back,
This means that my car has been booted.
They have charged me a fine of 375 dollars.
And I actually went to Seattle for 5 days.
I changed the license plate of this on the night of 30th June.
And they boot it on 1st July morning.
They tell me that I didn't change license plate number.
I told them that the car clearly has a sticker over here.
I thought they will use this sticker to check
whether I have parked legally or not.
But no- they tell me that I haven't updated my license.
I told them, "When I had put the license plate,
it was written on it that it's temporary.
It's been 5 days. They are calling me to pay the fine.
I asked them why they are calling after 5 days.
You should have called me on the first day itself...
I can't believe! I feel like...
I don't know when it get resolved.
that I have to pay till now.
It's not my fault even. I might have to pay it.
And currently, I have put the car on battery saving mode.
It doesn't have a battery saving mode actually
You have the option of Sentry mode here.
If Sentry mode is kept on, the battery drains 10-20 miles everyday.
Or you can say, 5% battery drains everyday.
So I have kept it off.
So since some days, the battery is around 168-165 miles.
Everyday 1-2 miles drain.
which is why I have to switch off Sentry mode.
The fight's still going on.
They have hired a company to boot. They are telling me to talk to them.
And they are not replying- it has been 72 hours.
This is actually considered as middle class lifestyle.
If you earn more than this, then you are upper class.
But let's now talk- if you want to live
in which you have a luxury car, luxury apartment,
And for me, I think
I always think that you should
And it must have emergency funds.
if you are spending 100 Rupees in a month,
You should have funds for 6 months because
Recession might be incoming.
I use my favourite bank account
These to things are a must if you are coming right now as a student.
And if you have already arrived as an Indian student,
or International student in the US
you can see my name is written over it.
These two things are very important for a student.
When you come, you don't have any history.
You don't have Social security history.
When you have to take a loan- for example when I took this apartment on rent,
I got it immediately because my credit score
If my credit score wasn't good enough,
If I hadn't had a credit card,
I couldn't have made credit history because
You are borrowing and returning the money.
since this score was good,
I just had to pay 150 dollars of security.
Some people have to.
you get cashback upto 10% from stores like
Cosco, Walmart, Uber etc.
And for all the students who are coming in fall 2022,
if you apply for the scholarship today,
you can get upto 1000 dollars
in scholarship. They have 20k dollars worth of scholarship funds.
Nd you can get this opportunity.
And the process is pretty straightforward.
You have to go to Zolve's website
After that you have to provide necessary documents like your
I-20- you get this when you get accepted to a University.
After that you will be provided
Right now, international students are spending upto, like 40-50k dollars per year
let's talk about how much I spend in a month
My biggest expense of a month is
my rent.
Inflation has occurred
Things in the US are very expensive because
In India the prices haven't gone up that much.
Including everything.
you know that.
I have bought it on zero down payment.
In that video I said that the final cost was way less
because the savings that I get
So I am actually giving money from my pocket.
Later on due to savings,
it is down to less amount that you saw in that video.
So basically from my pocket I am paying upto
My car insurance is 100 dollars.
I have to go to office daily
I have to go to office now- Earlier also I had to.
So the average of the whole month would be around $300.
I eat out at least once a day because I don't have time to cook.
And remaining groceries, I spend around
300 dollars as well.
Sometimes I cook during weekends.
There are small bills here and there..
If you have subscribed to Netflix, Hulu, HBOmax,
like my car just had a fine.
There are little expenses sometimes for sure.
You are forgetting one thing..
Whenever I travel, the expenses peak up nowadays
because the flights are very costly because of inflation.
Because I bought the India ticket before inflation
and after the inflation, US flights have become as costly as India's.
So take an average.. Last year it was around 600 dollars.
Wherever I go, it's around 600 adding the hotel or Airbnb and stuff.
So you can take the average.
This can increase this year.
in which I get good interest rates
so that in any emergency,
And the rest of the funds-
I keep them in separate places.
You must have them because health insurance is very costly here.
If a health bill comes up suddenly, these funds are very very important.
because if 3500 dollars is my per month expense,
And
after these expenses,
It can be more than this
that I am able to save for things like loans and stuff.
If you live an economical lifestyle,
If you are coming on a student loan as well,
until I had paid off my student loan,
until I had kept my expenses under control,
I always did more savings.
you won't feel the need of travelling by train or buying a car
as you will live near the campus, you can walk and go.
And the students who buy cars
there are so many bills.. Like the one I showed you today.
There are restrictions here.
In the campus, if there's a football game,
saying, "You can't park your car here."
the credit card you keep- that is also kind of loan
In India, only 3% people have credit cards.
So the bad habit is,
if you have a credit card,
Even though it's not much of a problem in Zolve,
I pay my bill on the day it arrives.
and you might have to pay high interest rates.
make it a habit.
It is not in our culture to take loans.
If you are taking a loan on credit card, pay the bill on time.
Books in campus are very expensive. All the things that are very expensive,
I have never bought a book in my life!
I always used to borrow from friends
or rented
or rented on Amazon, or buy second hand books.
There are other websites from where you can take used books
or from marketplace.
if you want to earn easy money,
I have seen that
I had once bought Apple's headphones.
I bought them for 550 dollars.
And sold them the next day at 600 dollars after reviewing.
if you buy any limited edition product,
10 AM in the morning- a notification pops in the phone -
"Grab you Jordan shoes."
And what I did was, I grabbed Apple products.
Right now MacBook M2 Air is coming.
If you buy things that are limited edition,
you have to buy for once.
When you sell them,
on Marketplace or online sites,
you can make profit.
It's for 600 dollars on Amazon.
If you buy it on time from Walmart or Bestbuy
for 500 dollars, you can sell it for 600-650!
A little amount of work is required. You have to order once
selling it is very easy.
If you want to keep your savings maximum
and you want to have a life in which you are not dependent on parents.