Pakistan man in US earns nearly Rs 2 crore a year, saves 75% of his salary. Here's how

Born and raised in Pakistan as the youngest of five kids, Sal Khan was 17 when his parents moved to the US. (representational image: Unsplash)

Sal Khan earns about Rs 1.7 crore a year from his day job in tech sales and about Rs 7 lakh from his four investment properties. The 31-year-old also began to save about 75 percent of his income after the pandemic by doing one thing -- moving in with his parents in Houston, Texas.

Born and raised in Pakistan as the youngest of five kids, Khan was 17 when his parents moved to the US, CNBC Make It reported. His siblings had begun to move to the country when he was 7 and his parents went along because they wanted to help his sister with her child. They also started the process of gaining a green card.

Meanwhile, Khan stayed behind under the care of his grandfather for 10 until 2013 when his parents sponsored his visa. After shifting to the US, he studied finance and economics at Ohio State University and worked in California for a few years until the pandemic. In August 2020, Khan's lease ended and since he could work remotely, he figured he’d find an apartment in Houston to live closer to his parents. His parents, however, proposed that he move in with them.

“You can stay as long as you want," Khan recalled his mother saying.

And that's how what started as a temporary solution strengthened their familial bond and became a long-term arrangement.

“I do think my relationship now has been the best with my parents than it has been before,” Khan told CNBC Make It.

After spending roughly 10 years away from his parents, he saw it as “an opportunity that we could use as a family and really improve our relationship.” He also added that "there is a cultural aspect to it where, as a son, it’s required that you take care of your parents.”

Now, Khan's oldest sister and her family, his second sister, and her family also live in Houston, Texas.

Speaking about his contribution to the household expenses, Khan told the publication that he doesn’t pay any specific bills but covers other miscellaneous expenses, like the family’s membership at departmental stores, gas, some medical bills, and his father’s property taxes. He also gives his mom $200 (about Rs 16,500) a month as a gift to spend however she pleases.

Khan’s parents are retired and live off savings from selling their house in Pakistan, which is also how they bought their house in Texas.

When asked if he misses living by himself in California, Khan said that he does miss his friends and the beach but those are easy “sacrifices” to improve his financial future and spend more time with his family in Texas.

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