Originally Posted by
vedu
Guys,
The system is what it is. You have to work within the limits of the current system and do what's best for you. I have listed a few things below that you can do to safeguard your future. Note that practicing the art of delayed gratification is big part of it.
1. Find a job that you really enjoy, because you are going to stuck with it for a very long time. Even if it means transferring your immigration status to a new employer (H1b transfer, etc.)
2. Make sure your spouse doesn't sit idle either waiting for GC. She can either find a job for herself or advance her education that will make her employable and be able to get her own H1b (in case H4 EAD is gone, you should rely on nothing).
3. Work hard and make yourself indispensable to your employers.
4. Save, save, save, and invest, invest, invest with a good solid investment plan. There are no get rick quick schemes here. A good investment plan is always long term just like your GC wait (delayed gratification).
5. Do not lock yourself in any physical assets such as house, expensive cars, etc. In case something goes wrong and your have to leave the country, you should be able to liquidate everything with a click of a button. Renting is not bad no matter how much people will try to convince you the other way. Particularly, renting is not bad when your rent is paid from the dividends/capital gains from your investments that you made instead of putting that money towards down payments, big house expenses, etc.
6. The idea of the above two bullet points is that you should be in a position to retire comfortably in India if you have to go back because of the GC mess. Then if you decide to work in India, good for you. But it should be optional. Note that financial independence is the true independence. I have seen people who got the GC after a long time and then stuck themselves all over again in a big house and 30 year expensive mortgage. That type of independence is hollow.
7. Produce babies, at least two of them for reliability reasons (remember every plane has two engines in case one dies). When they become 21 years old (delayed gratification), they can sponsor your GC and you will get it with no wait. Now the game has changed. You are a parent of a U.S. citizen and the system will work for you whether you are in US or outside of US 5-10 years from now.
8. It seems one of the big things in desi community is to show their parents America. Make sure you do that at least once for both side parents, so that bucket list item will be off of your chest in case you have to leave the country. While they are here, they can also babysit your kids for 6 months at a time when you and your spouse are busy in your respective jobs.
Some of the above listed points may seem harsh and cold. But do you have any other alternative? As time passes, GC will become irrelevant. Waiting for GC when you have a million dollars in Bank is lot more fun than waiting for GC when you have only, say $25,000 in bank. Hope this helps!