USA vs France : What is Best for Indian Students?

In this video, I dive into the exhaustive list of financial benefits of moving to France. Whether you're considering relocating or already living here, understanding the economic advantages of working in France can significantly impact your financial stability and overall quality of life. From competitive pay and social security to retirement benefits and tax optimizations, I cover it all! Drawing from personal experience and numerous conversations with colleagues, this guide is essential for any expat looking to make the most of their move to France.
Chapters:
00:00 Introduction
00:24 Competitive Pay in France
02:36 Health Benefits in France
04:38 Work-Life Balance in France
08:36 Retirement Benefits
10:05 Financial Aid and Free Money
13:02 Tax Optimization in France
Useful Links:
Learn more about PER and other financial mechanisms on the French government website (Translated copy available on my website):
www.economie.gouv.fr/particul...
(Translated Copy: joshuabalata.com/french-benefits)
Social Security and Benefits Information:
service-public.fr
Download the free handbook “Fit in in France V1” - V2 out soon!
Fit in in France Handbook : joshuabalata.gumroad.com/l/fi....
Additional Resources:
“Getting to Know Yourself” playlist:
• STUDYING IN FRANCE: Fi...
Loi Pinel Information:
economie.gouv.fr/cedef/pinel-investissement-locatif
Connect with Me:
Instagram: @joshuabalata
Website: joshuabalata.com
If you read this far, do consider hitting the like button, it helps my channel. Don’t be a stranger, reach out!
Thank you for watching
#KeepLearning #ExpatLife #MovingToFrance

Пікірлер: 66

  • @Glen.Murphy8
    @Glen.Murphy8Ай бұрын

    It's great to hear that you are considering investing in the stock market after being inspired by the success of Munger and Buffett with Berkshire Hathaway. Here are some key points to consider when investing a significant amount like the proceeds from selling your apartment:

  • @LaurenJ.Gordon

    @LaurenJ.Gordon

    Ай бұрын

    Numerous compelling stocks span various industries for you to consider tracking. While it's not necessary to act on every prediction, enlisting the guidance of a financial advisor is advisable. They can assist you in determining optimal entry and exit points for purchasing and selling shares or ETFs, ensuring well-timed decisions aligned with your investment goals.

  • @Jeanette.Watts6

    @Jeanette.Watts6

    Ай бұрын

    I agree, that's the more reason I prefer my day to day investment decisions being guided by an advisor seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not out-perform, been using my advisor for over 4years+ and I've netted over 2.8million.

  • @JanMuench467

    @JanMuench467

    Ай бұрын

    Kindly share the details for reaching your advisor. With inflation negatively affecting my funds, I'm in search of a more lucrative investment strategy to optimize their performance.

  • @Jeanette.Watts6

    @Jeanette.Watts6

    Ай бұрын

    Leicia Zavala Perkins is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment

  • @WallaceM.Hilliard

    @WallaceM.Hilliard

    Ай бұрын

    I greatly appreciate it. I'm fortunate to have come upon your message because investing greatly fascinates me. I'll look Leticia up and send her a message. You've truly motivated me. God's blessings on you.

  • @AveryFossen
    @AveryFossenАй бұрын

    Since Macron took office, there seem to have been more unfavorable results in France. These results include effects on the markets, such as price declines and sharp increases in inflation, as well as bank failures. I wonder if the sudden increase in interest rates will help value investors or if it would be wiser to stay away from the stock and financial markets for the time being.

  • @fadhshf

    @fadhshf

    Ай бұрын

    To "buy the dip" It will be profitable in the long run. However, investors should be wary of the bull run. It is advisable to connect with a skilled adviser to fulfill your growth objectives and prevent mistakes. High interest rates typically result in lower stock prices.

  • @hasede-lg9hj

    @hasede-lg9hj

    Ай бұрын

    I truly enjoy having a portfolio coach to help me make market judgments on a daily basis. They possess a special combination of abilities that enable them to take both long and short positions, benefiting from the possibility of significant gains while also safeguarding against downward turns. Additionally, they have access to exclusive knowledge and research that virtually guarantees they will outperform. I've had a portfolio coach for more than two years, and throughout that time I've actually earned over $432k. It was a wonderful experience!

  • @hasede-lg9hj

    @hasede-lg9hj

    Ай бұрын

    For you to grow your portfolio in today's market, you really need to be coachable and willing to get off your high horses. I for example, have managed to grow mine from $150k to 300% of my initial deposit within the past 8 months just by copying trades from a broker that has better skillset and technical know-how than me.

  • @hasede-lg9hj

    @hasede-lg9hj

    Ай бұрын

    Finding financial advisors like Sharon Ann Meny who can help you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

  • @leojack9090

    @leojack9090

    Ай бұрын

    @@hasede-lg9hj Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

  • @williamramos3350
    @williamramos3350Ай бұрын

    This is just more of an incentive to move to France. I am already getting things ready for the move. This is just icing on the cake. All this information is awesome. Merci Boucoup!

  • @saga4646
    @saga4646Ай бұрын

    As long as I can remember France has been a country of protests and strikes which is why you have these benefits. I'm American and we don't fight. We fight in other people's countries to take things but in our own country we just swallow whatever we're given. That's why workers here have no rights, no vacation no healthcare etc. Very good video my friend. It is beautiful when someone is appreciative of their new country.

  • @beingintrinsic

    @beingintrinsic

    4 күн бұрын

    well said, same for Canada too, it is rare when we fight. Quebec's long term resistance and non compliance garnered them a nation in a nation, they got it right both process and end product.

  • @rvoloshchukify
    @rvoloshchukifyАй бұрын

    I just want to add an immigrant's perspective here in the US for some additional nuance: since your job provides insurance for you, if you are employed by, say, a hospital, you can actually get top quality care at a low cost, and this is very important for some rare conditions that are being researched more actively in the US than beyond. Moreover, many hospitals have payment plans and ways for you to avoid paying *if you are familiar with the laws*, which are complicated, and hardly anyone thinks of them. There are also public hospitals, which are by law required to take care of everyone regardless of insurance status and they are not even allowed to ask if you are in the US legally or not, so it is free for them, but they tend to be overcrowded. Now because the payments to the medical care normally go through insurance, and hospitals try to milk them for the most money, billing from the hospital is completely ridiculous and there aren't even standard prices for treatments. For example, last year I had to go to the hospital twice and had to have a quick but technically difficult surgery. I can honestly say I received amazing care, and it all cost me $1,600, which I am not upset about, just based on how quickly and skilfully I was taken care of. But without insurance, it would have cost me ~$100,000, if not more. That being said, I work for a university that has top 10 med school, so I was very lucky in that regard. I will add, however, that the concept of "sick days" and no federal maternity leave in the US are absurd. In fact, if I ever move to France (which is not out of the picture given my field of work, language skills, and the fact that I am an immigrant anyway), it would be partially because of this. From what I hear, having kids is much more affordable in France, and parents seem to be treated more like... people.

  • @Belaziraf

    @Belaziraf

    Ай бұрын

    Having kids in France is not about affordability. Whether France or most EU countries emphasize in responsibility and parental behavior. Governments and systems help a lot. African and Middle East immigrants tend to abuse the system. They have kids to cash in governments subsidies but don't care about their kids, don't care about their education or actions when they break the law. They only use racism as an excuse if they are caught red handed. In France, education is "free" but you still have small fees for every study year. Usually as participation for general expenses of the year, then school kids insurance. The school fees due at the beginning of the year are purely symbolic if you ask me and are due depending on your financial and social situation. So no worry, it's far less than 100€ a year up to high school. Starting from high school, you have to account for manual purchase. New or second hand depending on the older students and if the school program changed or not. You get subsidies for kids starting from the third one. Giving birth range from free to a few hundreds Euros depending on your top up health insurance and whether you use public or private hospitals or clinics. It's a bit complicated for the first 3 years of the kids as it's not easy to find qualified wet nurses for that age range and they're quite expensive relatively to average incomes here. Starting 3yo, you can send your kid to a child care center. But there are limited places so it's better to do your research way in advance. It's included in the education system so it's the same cost as school. i.e. almost nothing. If you want to the full parental experience, the Northern countries of EU have the best systems and policies in the world.

  • @jnnnsr1890
    @jnnnsr1890Ай бұрын

    Thank you for talking about this topic. I really appreciate it.

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    Glad it helped :)

  • @rahulbijoy8624
    @rahulbijoy8624Ай бұрын

    great video Joshua. I really appreciate your hard work and research on these topics which really helped me to have a smooth expat life in France.

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    I'm so glad to hear this Rahul!

  • @mammenvarghese830
    @mammenvarghese830Ай бұрын

    great video Joshua

  • @sadaanmirza6060
    @sadaanmirza6060Ай бұрын

    Hello Joshua, I hope you are doing well. I want to express my heartfelt gratitude for your excellent content. I was quite confused about choosing between the USA and France and had been searching on KZread for the perfect video and channel to help me decide. I'm happy to say that my search has ended, thanks to your outstanding work❤

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    Man this is so rewarding to read. Good luck on your journey, if you end up in France, we'll meet at a meetup!

  • @laurenhensman7941
    @laurenhensman7941Ай бұрын

    Very helpful thank you 🌟

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    Glad it was helpful!

  • @cathy285
    @cathy285Ай бұрын

    Thanks for info

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    Ofcourse!

  • @biologywithsharan
    @biologywithsharanАй бұрын

    The iPhone thing is primarily due to economies of scale. The U.S. is a larger market for iPhones => they ship in more volume => cheaper rates, so it ends up costing less per iPhone.

  • @anand_1226
    @anand_1226Ай бұрын

    Great video man👍

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    Thanks Anand!

  • @sweetygeorge3214
    @sweetygeorge3214Ай бұрын

    Helpful video…👍

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    Glad it helped!

  • @bhawanabisht5437
    @bhawanabisht5437Ай бұрын

    Very informative vedio

  • @yashvantbhadoriya8763
    @yashvantbhadoriya8763Ай бұрын

    Merci à vous

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    De rien :)

  • @utv1503
    @utv1503Ай бұрын

    Nice video, bhai.. me de vinci me aa raha hu bro MBA karne ke liye.. how is emlv??

  • @Sunisha_B
    @Sunisha_BАй бұрын

    Merci beaucoup

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    De rien :)

  • @akshataudichya7126
    @akshataudichya7126Ай бұрын

    Bhai I have done btech in CSE and want to go for mim international business from EDHEC or ESSEC business school, so is IELTS enough for admission or should I go for GMAT????????

  • @rohanrajput1753
    @rohanrajput175312 күн бұрын

    Hey joshua i have taken loan from india for study abroad 50k euro for 10 year of tenure will get tax benefits in france while earning in france

  • @devendrakadam4033
    @devendrakadam4033Ай бұрын

    Informative video as always @JoshuaBalata . Quick question is the APS for 1 year or 2 for Indians?

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    I don't know exactly, but I think it's for 1 year. Check out the service publique website.

  • @VikramadityaGaikwad
    @VikramadityaGaikwadАй бұрын

    i heard french gov has stopped paying CAF. is it true?

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    Nope

  • @pavanpatel3175
    @pavanpatel3175Ай бұрын

    Nice info but please provide earning of students with hour n cash also bcz there r lesser info on KZread pn France

  • @akanksharathore5240
    @akanksharathore5240Ай бұрын

    hi Joshua i want to know how much part time job pays in cities like Paris per hr?

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    Currently the minimum wages per hour is €11.65 or €1,766.92 gross per month

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    There's also the SMIC and the SMIC partiel. You make lesser per month when it's part time ofcourse

  • @user-xu5pd4vb5n
    @user-xu5pd4vb5nАй бұрын

    tell me where i can get best education loan India or france And bank name

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    I wouldn't know which is the best, I didn't compare them, sorry! Good luck!

  • @meetimian3383
    @meetimian3383Ай бұрын

    Maybe you're in top 1% of France and that's why it works in your favors. Health/social Security is pretty good in most of the European countries so France isn't an exception. Career wise is an average option especially when you compare it with the likes of Germany, Switzerland, Sweden and even Finland. The progress especially for IT with regards to these countries is minimal. There are only big companies and not many small and medium scale unlike Germany where you have all types of companies. This makes it very difficult for internationals to find a job and even internship. To add more the language barrier is so so high that one can't even escape it and also French is quite tough. There's nothing like Paris however France is pretty average. One have so many options in Europe way better than this mess

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    I do have the privilege of having done my masters here and the system rewards that. Other European countries are great too, surely. Some are better at some aspects. France was quite a satisfactory choice for me on a personal level, given the affinity for the language. The other aspects of France I mention in this video are helpful too.

  • @indo_cad8877
    @indo_cad8877Ай бұрын

  • @je_flane
    @je_flaneАй бұрын

    US paid holidays are not really 0. In Tech companies normally folks take AT LEAST 2 weeks, apart from the regular holidays

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    Oh for sure, you're right. In the graph I showed, the OECD makes a distinction between the statutory minimum in the country and public holidays. While public holidays are mandatory (10 in USA according to the report), the former is not. This is not the case in France.

  • @swarajyadavssrikanth1574
    @swarajyadavssrikanth1574Ай бұрын

    Bro please make videos on visa acceptes

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    The work permit situation in France

  • @Bambotb
    @BambotbАй бұрын

    How did you find a job without French language

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    How are you sure I didn't speak French when I was looking for a job ?

  • @Bambotb

    @Bambotb

    Ай бұрын

    @@JoshuaBalata you came for a masters in english french is difficult indians dont learn it at home, anyways france is a sinking ship i am surprised you found a job in the first llace

  • @marcnadesan7986
    @marcnadesan7986Ай бұрын

    Which part of India you are coming from?

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    Hubli + Belgaum in Karnataka. I was born in Hubli and raised in Belgaum

  • @yogaji1247
    @yogaji1247Ай бұрын

    Bro you missed the 'family & friends' factor..

  • @JoshuaBalata

    @JoshuaBalata

    Ай бұрын

    Meaning?