"If you can contract for $80/hour for US/EU clients (really possible)"
Do you have more info/advice about that? I've often flirted with the idea of online freelancing for overseas companies... But a lot of the freelancing sites either seem too dodgy/cheap, or elitist about "github" commits and the like.
Just go on freelancing sites and bid for projects. Once you build a relationship and trust with those clients you can contact them directly instead depending on the broker.
Those clients will then give you repeat business or they might bring new contacts for you.
Finding good devs in India is a big pain for the guys in US/UK. So if your client is happy with your service, he will recommend you to others.
I used to be a freelance PHP dev sitting in India back in the old days of rentacoder.com
Do you have more info/advice about that? I've often flirted with the idea of online freelancing for overseas companies... But a lot of the freelancing sites either seem too dodgy/cheap, or elitist about "github" commits and the like.