This story is part of CNBC Make It’s Millennial Money series, which details how people around the world earn, spend and save their money.
By the numbers, Sal Khan does really well for himself. The 31-year-old earns around $212,000 from his day job in tech sales. He started buying real estate in 2022 and now has four investment properties, which net him $8,000 a year with room to grow. He splurges on nice dinners out and makes time for vacations.
He also lives at home with his parents in Houston rent-free.
It’s a financially savvy move, of course, but also means more.
Khan was born and raised in Pakistan as the youngest of five kids. His older siblings started moving to the U.S. when he was 9 years old, starting with his oldest brother, who came to the States for college.
Soon after, his oldest sister moved to Houston to work as a physician, and by the time Khan was 17, his parents moved to be close to her and help raise their grandchildren. They also started the process of gaining a green card. Khan stayed behind under the care of his grandfather as his other two siblings moved for work and school.
Khan was the last to move to the U.S. in 2013 at 20 years old when his parents sponsored his visa. He earned a finance and economics degree from Ohio State University and worked in the Bay Area for a few years until the pandemic prompted him to move in with his parents in Houston.
What started as a temporary solution became a long-term arrangement that’s strengthened their bond in meaningful ways.
“I do think my relationship now has been the best with my parents than it has been before,” Khan tells CNBC Make It.
Here’s how the arrangement impacts his personal life, his financial goals and his future plans.
Moving in with his parents
Khan was living in the Bay in 2020 when the pandemic hit. His lease ended in August, and while he could work remotely, he figured he’d move in with his parents in Houston to save money and wait out the pandemic. He planned to find his own…
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