Great topic. A few comments for people watching. 1. Not everyone will need 2 million at retirement so decide what you think you would need and work towards that goal. Usually expenses are much lower in retirement since home is paid off so mortgage is gone. 2. Aim for housing to be closer to 25% instead of 35% if you can. This will give you much more financial freedom and flexibility to grow emergency fund then invest.
Even though I have lived in Canada for 8 years, I still view some of your vidoes and find them educating. I also invest myself and liked your video on investments. It's always good to hear and learn from different sources and I congratulate you both for gaining and sharing knowledge to people here in Canada and around the world. Awesome work guys!!! Keep it up.
I’m Jamaican and let me tell you I don’t speak your language but was able to understand everything you were saying. I love it. Thanks for this power pack info. Luv you guys
You are the ones who helped me after we came Canada. Thanks a lot guys. I did not need to ask anything to anyone. We just followed your videos. Thanks a lot guys. By the way, I am from Bangladesh.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. Even in a downtrend, the stock market/crypto market has plenty of opportunities to earn a decent payout, with the right skills and proper understanding of how the market works.
You are so right. I've been investing for the last 2 years, and I've lost and gained, I know because my advisor can find so many good plays. My portfolio literally went from skyrocketing last year (not counting withdrawals I made) all really exciting. I guess it’s the experience and better judgment.
Hey! Please who is this advisor of yours? I guess success really means total knowledge and I hope he/she can help me get back what I lost. Can I have easy access to reach out?
@@dannyvera8475 My consultant is *PRISCILLA DIANE AIVAZIAN* I found her on a CNBC interview where she was featured and reached out to her afterward. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care about supervision. I follow her trade pattern and haven’t regretted doing so
@@helenoliver4838 Access to good information is what we investors need to progress financially and generally in life. here's a good one and I am grateful. Found her website and it was really impressive
Hi, have been following you guys since long, great going. Few things which I wanted to add 1) opportunity cost 2)capital 3) Investible surplus. When a property is bought for own use then it's more like a dead asset as untill you sell it you won't earn anything on it. Capital is something which not everyone can play around(invest in risky assets) with. There is trade off between opportunity cost/lost and risk/protected capital, very few assets would protect your capital and still give you inflation beating returns.
Very nicely explained. I am myself a person who sits with an excel sheet every salary day and prepare the budget of the house, so I know how much efforts you have put in to explain the calculations. you both are amazing and very pleasant to watch. I follow all your videos.
Loved your video, thank you for such information, yes my wife is feom quebec and a french canadian but getting all this information through is difficult because people tent to not focus on this much information in that culture, and seldomly they invest. Reaching next month there would love to meet you guys.
Good advise, every one should heed to your advice. Saving money and investing money go hand in hand. Once you have a steady flow of funds than you can spend pragmatically.
Again very nice video. Thanks for educating us on wealth management...this helps not only immigrants but even for general public...keep up doing this great work
Hopefully, One day when I visit GTA or you visit Calgary we can meet. Would love to meet you guys in person. Really appreciate your effort and information. Kudos to your work!
Admire your humbleness and down to earth attitude . You BOTH are helping lot of people here with so much of valuable information . This will really pay you back my brother . Please continue doing this great work and if possible try to upload video much more frequently . We understand that you both are really busy with your schedules but even we are also equally eager to see your videos . We all want to see you both reach heights in days to come . GOD bless and be safe ...... With lots of love and respect........ Sridhar from Bangalore .........
Someone : How much you love Potato couple. Me : I disable ads on their video so ads get little bit more view and it contributes to their efforts. (It isn't much, but it's something) Lots of love from Ahmedabad. Keep rocking 🤟🏻🤟🏻😃👌🏻
Great video guys! Thanks for sharing your insights and all the financial advice. I think what would really take your videos to the next level is investing in a good mirrorless camera. The only complaint I have about this video is that the background was too distracting. With a mirrorless camera you can get a much better video quality overall and you can even eliminate the background with a good wide angle, large aperture lens. Hit me up if you need suggestions.
Absolutely love this! Please keep guiding us this well. Totally love your smart tips for creating this financial safety net. Eagerly looking forward to the next video. ❤️❤️
Great topic. Liked your simple answer to people who think what if inflation goes from 2% to 4%. Although, as you would already know, returns in stocks are higher with increase in inflation. Simple equation for stocks returns = % change in GDP (change in quantitative output) + % change in inflation (as goods are sold at higher prices). Would love to see your investment choices in part 2 video and learn from them. My bet would still be to put some part of my savings in Indian mutual funds, even if there is a forex risk and higher inflation in India. Would like to hear your views on this.
Great video again. I know you always try to make positive videos about your experience of staying in Canada. Please also make a video on how you deal with homesickness or loneliness. As you know mental health is as important as physical health and monetary success. This video might help people like me who are planning to come to Canada but feel they would get lonely or feel homesick as population is also very low in Canada apart from Toronto region.
This video is such a remedy. Very helping, very knowledgeable. Now me and my spouse can plan a better future with these suggestions. Thank you so much and god bless you for this amazing job. 💯❤️
I usually follow the 50-30-20 rule. 50% towards needs (Rent, groceries, etc) dont have a car yet., 30% towards gym, subscriptions, fun etc(but do not use the entire 30%) and 20% towards investments/emergency funds/savings. I end up spending only 50% -55% in total of my income and rest towards investing/saving
Value adding content...trust me it give alot of ppl a pathway to consider for better financial management... This chanel will definitely help ppl with a initial kickstart with safe option for starting their life in Canada.. Chaddi kala...👍
Exactly always invest in equity mutual funds and debentures instead of fixed deposits many people still invest in banks and thinks they are on safer side whereas they actually block their amount.
Bhaji ur videos are very informative and well informed. One feed back is kindly make some videos on people earning less than 100 K . They are the ones who can't do these calculations but will help them a lot.
Same principle applies there as well... if you are taking home $5000 a month. You should look to rent and not buy - or move to a city which is cheaper! And invest not more than $500-1000 (20%)... And buy a car where the expenses are less than $500 (10%). And improve your situation. Pick up a side hustle and crush it :) there is no reason why you can’t earn 200K a year - you got the same opportunities as everyone who makes that much! The difference is in the mindset.
Can you make video on Intra-Company transfer visa ? 1. Process 2. What all documents is needed from the company and from the aplicant's side 3. How does it effect future PR journey etc...
Good one. Should be useful for a lot of individuals. Want to make a point. The 6% return on investment, is it based on present average? Can we consider the past 10 years average, for better calculation? And, YES you are right in saying,"what's in our control is more important than what's not". Keep it up guys.
Every high school curriculum must include such topics💯💯💯 You guys make the best content 💫💫The tips you give your viewers considering us as an integral part of your family is something that make you both stand out from every other channels on TH-cam 😇😇 Best wishes to both of you🙏🙏
Request u both to make video or series on the work culture difference in Canada and India. Interested in knowing minute points like Interview, workplace, etiquettes, proffesional relations, appraisal system, job security, negotiations, employee benefits etc
Hi sorry I'm a bit confused, isn't 6% interest quite bad? I thought you can get a 12% roi in the Indian stock markets. And our bank accounts give 4%. Here you said 1% for savings accounts in Canada? Is the rate of interest just lower in Canada or am I missing something?
Yes it’s lower in canada because what you are missing is the low inflation in Canada vs India which impacts the exchange rate. So your gains at 12% will be wiped out due to the exchange rate differential created by higher inflation in India (in long term)
Assume you should talk about Risk Management also before Investing. Risk Management would include Life Insurance in terms of buying a Term Insurance for each of the working persons to insure the other person for at least 20 times the annual salary.
@@maaki605 Term insurance is a pure risk management product and not an investment product. It's purely to protect the dependants, you don't get back anything if nothing happens to the insured.
Hi guys I have a question. I am thinking of doing advanced diploma in computer programming and analysis from Seneca College. I am already learning skills from Udemy and other resources. My question is that if I have almost equal skills and good projects on my resume then will going to college rather than a university matter much in terms of job ? Thank you 🙏🏻👍🏻
Doesn’t matter.. what matters is what you know, your experience and how you conduct yourself in an interview And ofcourse; whether or not you build a strong network while studying
As an investment banker, I would like to say you have made some big assumptions about investing the money. Firstly, the value of your portfolio depends on how the market is after 30 years. You have made assumption that market will keep growing at 6% which is a long term average and not the yearly rate. Best strategy is to invest some recent in market and keep some in bonds or GIC
Adding to this, stock market investment is not for you if you do not know what you are doing. There are so many people that have lost their money by investing. Invest only what you can manage to lose and if you do not need that money in short term else you are just gambling
There is a very beautiful word which I learned from a Hindi comic "Champak"when I was ,I guess 10 years old .It is called "mitavyayi". It perfectly describes what you are trying to convey in your video.I too belong to the saver category. Not a spendthrift .Simple living should be the new COOL thing. Spend reasonably.People might call u kanjoos but let them say anything.Insaan ko apni chaadar jitni pair phelaane chahiye.
I have a question. Why didn't you invest money in rrsp and use it for first time house buyers plan ? The money you invest in rrsp gives you tax benefits !
Awesome video!! Being a math nerd myself, I appreciate all your calculations and presentation of the numbers. Quick question: I understand how to calculate the growth of the investment using compound interest, but can you please tell me how to calculate the balance adjusted to inflation of 2%? Thank you in advance! Keep posting such awesome videos!
Your content is quite different, Want to you what thought process you go through to pick such topics. It very different from other channels, yet relatable and useful to all.
What about risk in investing in stock exchange?? As u r suggesting to invest in stock exchange, 100% secure in case if v deposit in fix deposit or intrest earn or or converting in property for life long returns with out the risk of loss
Hi, I have a quick question q1) I am a single guy and I see I should show a proof of funds of 12396 CAD. Is it okay if I key in the exact amount in my express entry profile or should I key in 500 CAD higher to be on the safer side? or is it possible that govt can increase the limit and we should update our express entry profile accordingly? q2) If I don't update my express entry profile, will I not get the ITA?
This is brilliant guys 🙏 I have one question.. is getting a salary of USD 90k for s single person good enough to save and travel a bit? I used your excel but wasn’t sure if that’s in USD or CAD?
i 2nd Stock market.. If you invest it in TFSA its tax free on the capital gain !!!! As we on RRSP, but RRSP is taxable when you withdraw ie when you retiere you might be on low income bracket. Investment tips : th-cam.com/video/vLcIuGMpZf0/w-d-xo.html RRSP benefits : th-cam.com/video/Yruwt_NaTPs/w-d-xo.html
I just wanted to suggest a topic to you guys because I've been finding answers about it and needed more information and I am sure many of them might be interested as well. The topic is what all you need to do in your home country before leaving for Canada in terms of banks in India, investments in India, EPF etc. I hope I am clear.
Sure.. we will make one soon. We just kept all the investments as it is without putting in any new money. Once the investments matured, we are getting that money to canada
I am really sorry but could you be kind enough to include subtitles or closed captions for the parts in Indian. Your videos are pretty awesome but the bits where some of us are left to fill in the gaps ain't funky.
There is no official news on anything... will definitely make a video once we have something substantial! Until then, I will suggest not to give into rumours.
*I will forever be in-depted to you Emilia 😇 you've changed my life, I'll continue to preach about your name for the world to hear,* *you've saved me from a huge financial debt with just little investment, Thanks Ms Emilia Russell* 🇺🇸🇺🇸
I have tried lots of traders but non is as genuine as Emilia, though I was skeptical but still gave her a try of $500 and got a profit of $7,500 in 3days I'm so grateful🙏.
Crypto trading is one of the lucrative business, but to be honest its not entirely easy i lost so much while doing it by myself until I stumbled across Emilia Russell
You will make a startup deposit depending on your chosen plan so trading begins, and your profit is released to you in less than 18 hours after you make your startup deposit.
I don't recommend you buying or selling without proper analysis. If you're new, always do your research or seek proper guidance from certified expert for proper and profitable management. I got into the market with $15k, but with the guidance of Mrs Emilia, a coach who helped me grow that to over $47k in few months.
Emilia investment is such a reliable source of making extra money, I got her ref on a TH-cam video some months ago although I doubted but later reluctantly gave her a try of $400 in less than two weeks she made a profit of $4000 I was so happy and immediately invested all with her.
Great topic. A few comments for people watching. 1. Not everyone will need 2 million at retirement so decide what you think you would need and work towards that goal. Usually expenses are much lower in retirement since home is paid off so mortgage is gone. 2. Aim for housing to be closer to 25% instead of 35% if you can. This will give you much more financial freedom and flexibility to grow emergency fund then invest.
Great points 👍
Pinning the post! :)
Not everyone will survive those 30 years. Still at least invest 30%. U will have something to eat. If u do survive
@@abdulr3423 what if you do survive 30 years! 😀
Nice point
Hi i want to move to canada from new zealand..plz help me guide me
Even though I have lived in Canada for 8 years, I still view some of your vidoes and find them educating. I also invest myself and liked your video on investments.
It's always good to hear and learn from different sources and I congratulate you both for gaining and sharing knowledge to people here in Canada and around the world. Awesome work guys!!! Keep it up.
No word for your extensive conversation on important topics, thank you lovely couple.
I’m Jamaican and let me tell you I don’t speak your language but was able to understand everything you were saying. I love it. Thanks for this power pack info. Luv you guys
You are the ones who helped me after we came Canada. Thanks a lot guys. I did not need to ask anything to anyone. We just followed your videos. Thanks a lot guys. By the way, I am from Bangladesh.
Starting early is the best way of getting ahead to build wealth, investing remains a priority. Even in a downtrend, the stock market/crypto market has plenty of opportunities to earn a decent payout, with the right skills and proper understanding of how the market works.
Courage taught me: that no matter how bad a crisis gets, any sound investment will eventually pay off
You are so right. I've been investing for the last 2 years, and I've lost and gained, I know because my advisor can find so many good plays. My portfolio literally went from skyrocketing last year (not counting withdrawals I made) all really exciting. I guess it’s the experience and better judgment.
Hey! Please who is this advisor of yours? I guess success really means total knowledge and I hope he/she can help me get back what I lost. Can I have easy access to reach out?
@@dannyvera8475 My consultant is *PRISCILLA DIANE AIVAZIAN* I found her on a CNBC interview where she was featured and reached out to her afterward. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care about supervision. I follow her trade pattern and haven’t regretted doing so
@@helenoliver4838 Access to good information is what we investors need to progress financially and generally in life. here's a good one and I am grateful. Found her website and it was really impressive
Hi, have been following you guys since long, great going. Few things which I wanted to add 1) opportunity cost 2)capital 3) Investible surplus. When a property is bought for own use then it's more like a dead asset as untill you sell it you won't earn anything on it. Capital is something which not everyone can play around(invest in risky assets) with. There is trade off between opportunity cost/lost and risk/protected capital, very few assets would protect your capital and still give you inflation beating returns.
Good points 👍
Very nicely explained. I am myself a person who sits with an excel sheet every salary day and prepare the budget of the house, so I know how much efforts you have put in to explain the calculations. you both are amazing and very pleasant to watch. I follow all your videos.
👏👏👏
Stumbled upon this video and simply loved it!!! Subscribing to your channel. You guys just make so much sense. Great job.
Loved your video, thank you for such information, yes my wife is feom quebec and a french canadian but getting all this information through is difficult because people tent to not focus on this much information in that culture, and seldomly they invest. Reaching next month there would love to meet you guys.
Honestly, after contemplating multiple videos, your channel makes so much sense in every aspect and not just this video. Kudos! Keep talking money.
😃👏
Great video and a good reality check especially for news immigrants.
“Abundance thinking” is when your mind is blown. Loved this video so much. Great content. You guys are the best.
Gosh, this was great! Super informative with hilarous bits!! Kudos to your information sharing, thanks!!
Thanks :)
Ignore the fake ID message
I like the way you guys explain concepts.. keep up the good work guys
Good advise, every one should heed to your advice. Saving money and investing money go hand in hand. Once you have a steady flow of funds than you can spend pragmatically.
Both of you very intelligent n execute meticulous planning. God bless you both
Again very nice video. Thanks for educating us on wealth management...this helps not only immigrants but even for general public...keep up doing this great work
My admiration and love for you both grows with every video like this you guys publish ! 😄❤
👏👏
Happy to know financial management of yours so good. Couple of we getting financial management knowledge now, this clip helps lot to us..
You guys are awesome! Thank you for posting this. Please share more such information!
Hopefully, One day when I visit GTA or you visit Calgary we can meet. Would love to meet you guys in person. Really appreciate your effort and information. Kudos to your work!
Admire your humbleness and down to earth attitude . You BOTH are helping lot of people here with so much of valuable information . This will really pay you back my brother . Please continue doing this great work and if possible try to upload video much more frequently . We understand that you both are really busy with your schedules but even we are also equally eager to see your videos . We all want to see you both reach heights in days to come . GOD bless and be safe ...... With lots of love and respect........ Sridhar from Bangalore .........
Thank you 🤗
Quite useful tips! As I always say keep hustling keep shining :)
Hi! Thank you for sharing the insights.
Someone : How much you love Potato couple.
Me : I disable ads on their video so ads get little bit more view and it contributes to their efforts.
(It isn't much, but it's something)
Lots of love from Ahmedabad.
Keep rocking 🤟🏻🤟🏻😃👌🏻
😍 thank you 🤗
'Abundance Thinking' mode on! I was never bullshit thinking anyways 😎
Nice video as always!
👏👏👏
Great video guys! Thanks for sharing your insights and all the financial advice. I think what would really take your videos to the next level is investing in a good mirrorless camera. The only complaint I have about this video is that the background was too distracting. With a mirrorless camera you can get a much better video quality overall and you can even eliminate the background with a good wide angle, large aperture lens. Hit me up if you need suggestions.
Highly respect all your efforts making this video, thx
Thank you so much for sharing.
Very interesting facts.
Fantastic video guys. Extremely helpful vlog. Thanks for extensive information 👍
Thanks for your suggestions!!
👏
Absolutely love this! Please keep guiding us this well. Totally love your smart tips for creating this financial safety net. Eagerly looking forward to the next video. ❤️❤️
Great topic. Liked your simple answer to people who think what if inflation goes from 2% to 4%. Although, as you would already know, returns in stocks are higher with increase in inflation. Simple equation for stocks returns = % change in GDP (change in quantitative output) + % change in inflation (as goods are sold at higher prices). Would love to see your investment choices in part 2 video and learn from them. My bet would still be to put some part of my savings in Indian mutual funds, even if there is a forex risk and higher inflation in India. Would like to hear your views on this.
Thanks.. yes, investing in India is also a good option for sure… 👍
Awesome video as always
Thanks
Great calculation...and sincere effort and advice.....even the birds agreed 👍 dil se
That’s really amazing can’t wait for new video thank you so much 😊
Well, I make an extra 2k weekly off day trading while still working my normal job using a professional for his expertise at this Mr ravies Benjamin
Nice, nice can you please introduce me to your IA so I can tell him I was recommended by a friend
Investing and trading in the financial space has really made a lot of people millionaires even some close friends of mine
@@jidaloida106anove is his mail address so you can easily get in touch or look up his name
@@finny_thanks much
I have sent a mail across to him
I have been investing for a year now but remember if you invest monthly, you can also benefit from any market conditions if you invest for decades.
You guys are such a blessing❤
I will surely use your guys trick! Hats off to you guys to make a video like this.. Very nicely explained!
👏👏👏
Best video and precious advice any new immigrant can get.
Thanks 😊
Great video again. I know you always try to make positive videos about your experience of staying in Canada. Please also make a video on how you deal with homesickness or loneliness. As you know mental health is as important as physical health and monetary success. This video might help people like me who are planning to come to Canada but feel they would get lonely or feel homesick as population is also very low in Canada apart from Toronto region.
Love the 'abundance thinking' 🥰
I appriciate the way of describing the formulla of saving by u. The childern understand the value of money when the same age of group encourage.
Really nice video! Thanks!
This video is such a remedy. Very helping, very knowledgeable. Now me and my spouse can plan a better future with these suggestions. Thank you so much and god bless you for this amazing job. 💯❤️
Great video guys..
I usually follow the 50-30-20 rule. 50% towards needs (Rent, groceries, etc) dont have a car yet., 30% towards gym, subscriptions, fun etc(but do not use the entire 30%) and 20% towards investments/emergency funds/savings. I end up spending only 50% -55% in total of my income and rest towards investing/saving
Good strategy
Free financial advice 💯
Love this video ❤️ well researched
Value adding content...trust me it give alot of ppl a pathway to consider for better financial management... This chanel will definitely help ppl with a initial kickstart with safe option for starting their life in Canada..
Chaddi kala...👍
Thanks
wow .... this is amazing guys ........ short and crisp pointers .
Thanks 😊
you people are just amazing!!!!!!!!!! Inspiring in so many ways, much love and power tyou guys!
Thanks 😊
Really amazing topic, nicely covered the points 👍
Keep up the great work guys! You are doing exceptionally well and thanks a lot for sharing all these useful insights :)
Exactly always invest in equity mutual funds and debentures instead of fixed deposits many people still invest in banks and thinks they are on safer side whereas they actually block their amount.
Love you both. So glad to see you everytime 😊
👏👏👏🤗
golden content..i realy wanted this kind of video..thanx gyzz..👌👌
11:02 the guy waving at back made me laugh lol
Superb.... All the best
Wish you all success..
Thanks 😊
You guys are so smart and calculative..
Bhaji ur videos are very informative and well informed. One feed back is kindly make some videos on people earning less than 100 K . They are the ones who can't do these calculations but will help them a lot.
Same principle applies there as well... if you are taking home $5000 a month. You should look to rent and not buy - or move to a city which is cheaper!
And invest not more than $500-1000 (20%)... And buy a car where the expenses are less than $500 (10%).
And improve your situation. Pick up a side hustle and crush it :) there is no reason why you can’t earn 200K a year - you got the same opportunities as everyone who makes that much! The difference is in the mindset.
Very helpful video. Thanks.
Can you make video on Intra-Company transfer visa ?
1. Process
2. What all documents is needed from the company and from the aplicant's side
3. How does it effect future PR journey
etc...
Very resourceful!
Thank you 🙏
Thanks
Good one. Should be useful for a lot of individuals. Want to make a point. The 6% return on investment, is it based on present average? Can we consider the past 10 years average, for better calculation? And, YES you are right in saying,"what's in our control is more important than what's not". Keep it up guys.
Thanks… 6% is average of last 10 years in canada :) And if we do it well, we can even do slightly better than 6% :)
Thanks for sharing your knowledge. waiting for your next video.
Coming soon :)
Every high school curriculum must include such topics💯💯💯 You guys make the best content 💫💫The tips you give your viewers considering us as an integral part of your family is something that make you both stand out from every other channels on TH-cam 😇😇 Best wishes to both of you🙏🙏
True
Request u both to make video or series on the work culture difference in Canada and India. Interested in knowing minute points like Interview, workplace, etiquettes, proffesional relations, appraisal system, job security, negotiations, employee benefits etc
Good topic.. will try to make one soon
Hi sorry I'm a bit confused, isn't 6% interest quite bad? I thought you can get a 12% roi in the Indian stock markets. And our bank accounts give 4%. Here you said 1% for savings accounts in Canada? Is the rate of interest just lower in Canada or am I missing something?
Yes it’s lower in canada because what you are missing is the low inflation in Canada vs India which impacts the exchange rate. So your gains at 12% will be wiped out due to the exchange rate differential created by higher inflation in India (in long term)
@@Potatotalkies ohh that really clarifies things, thanks a lot :)
And brilliant video 🙌🏽
Good content guys ! Kudos to you and your efforts.
Appreciate the efforts and your knowledge sharing ability.
🙂
Thanks
Assume you should talk about Risk Management also before Investing. Risk Management would include Life Insurance in terms of buying a Term Insurance for each of the working persons to insure the other person for at least 20 times the annual salary.
Makes sense.. 👍
@@maaki605 Term insurance is a pure risk management product and not an investment product. It's purely to protect the dependants, you don't get back anything if nothing happens to the insured.
Hi guys I have a question. I am thinking of doing advanced diploma in computer programming and analysis from Seneca College. I am already learning skills from Udemy and other resources. My question is that if I have almost equal skills and good projects on my resume then will going to college rather than a university matter much in terms of job ?
Thank you 🙏🏻👍🏻
Doesn’t matter.. what matters is what you know, your experience and how you conduct yourself in an interview
And ofcourse; whether or not you build a strong network while studying
@@Potatotalkies Thank you so much 😄👍
Good one. How do you guys select such informative topics ?? You do lot of brainstorming 👌
Thanks 😊
Just sharing our life :)
As an investment banker, I would like to say you have made some big assumptions about investing the money. Firstly, the value of your portfolio depends on how the market is after 30 years. You have made assumption that market will keep growing at 6% which is a long term average and not the yearly rate. Best strategy is to invest some recent in market and keep some in bonds or GIC
Adding to this, stock market investment is not for you if you do not know what you are doing. There are so many people that have lost their money by investing. Invest only what you can manage to lose and if you do not need that money in short term else you are just gambling
There is a very beautiful word which I learned from a Hindi comic "Champak"when I was ,I guess 10 years old .It is called "mitavyayi". It perfectly describes what you are trying to convey in your video.I too belong to the saver category. Not a spendthrift .Simple living should be the new COOL thing. Spend reasonably.People might call u kanjoos but let them say anything.Insaan ko apni chaadar jitni pair phelaane chahiye.
Informative as always!
Thanks 😊
I just saved this video to refer to it again later, need to settle down with pre-requisites first. Thanks for sharing all this :) :man-bow:
Investing culture is the realest catalyst in becoming a millionaire, true!
Nice Information for Savings and Investments.
Hi guys. Good job. Stay safe happy and blessed.
👏👏
I have a question. Why didn't you invest money in rrsp and use it for first time house buyers plan ?
The money you invest in rrsp gives you tax benefits !
You can’t invest in RRSP in year 1
This video is very helpful…thankyou
Awesome video!! Being a math nerd myself, I appreciate all your calculations and presentation of the numbers.
Quick question: I understand how to calculate the growth of the investment using compound interest, but can you please tell me how to calculate the balance adjusted to inflation of 2%?
Thank you in advance! Keep posting such awesome videos!
It’s reverse compounding. But I used an online calculator.. lol
Yay!!!!! Potato talkies aa gaye!!!!!!❤️
🤗🤗
Your content is quite different, Want to you what thought process you go through to pick such topics. It very different from other channels, yet relatable and useful to all.
We just share stuff from our life :)
What about risk in investing in stock exchange?? As u r suggesting to invest in stock exchange, 100% secure in case if v deposit in fix deposit or intrest earn or or converting in property for life long returns with out the risk of loss
Do you watch Dave Ramsey? Because most of these points I have heard in his videos. I love the last part
I don’t like his zero debt strategy … it’s too extreme, old school and not practical. Plus, he is against crypto which I don’t agree with 😀
Hi, I have a quick question
q1) I am a single guy and I see I should show a proof of funds of 12396 CAD. Is it okay if I key in the exact amount in my express entry profile or should I key in 500 CAD higher to be on the safer side? or is it possible that govt can increase the limit and we should update our express entry profile accordingly?
q2) If I don't update my express entry profile, will I not get the ITA?
Jab apki calculation wali video aati hai then we feel like mathematics class is going on but overall these type of videos are very beneficial
Thank you 😊
This is brilliant guys 🙏 I have one question.. is getting a salary of USD 90k for s single person good enough to save and travel a bit? I used your excel but wasn’t sure if that’s in USD or CAD?
It’s a good salary Isha. We live on way less than that. All you need is disciplined budgeting and you will be fine 👍
Wishing you the best
@@Potatotalkies thank you so much you both 🥰🥰
Rule 10-25-35 is a good way to check one's limit, better to invest in growing markets if your residual income doesn't give that return in Canada.
👏👏
Interesting! Nice video. ✌️
It will help lot of newcomers thanks for sharing valuable information ❤️👍
Is it not better to invest in Indian banks or stock market where return is much higher than what we get in Canada?
i 2nd Stock market.. If you invest it in TFSA its tax free on the capital gain !!!! As we on RRSP, but RRSP is taxable when you withdraw ie when you retiere you might be on low income bracket.
Investment tips : th-cam.com/video/vLcIuGMpZf0/w-d-xo.html
RRSP benefits : th-cam.com/video/Yruwt_NaTPs/w-d-xo.html
Consider buying a variable nd filter.
That'll help you cut out the light in the background
Will eagerly wait for the next video. Learning stock trading these days to handle my own rrsp and tfsa accounts
I just wanted to suggest a topic to you guys because I've been finding answers about it and needed more information and I am sure many of them might be interested as well.
The topic is what all you need to do in your home country before leaving for Canada in terms of banks in India, investments in India, EPF etc. I hope I am clear.
Sure.. we will make one soon.
We just kept all the investments as it is without putting in any new money. Once the investments matured, we are getting that money to canada
I am really sorry but could you be kind enough to include subtitles or closed captions for the parts in Indian. Your videos are pretty awesome but the bits where some of us are left to fill in the gaps ain't funky.
Please provide some update on Canada travel in current situation.
If they have made it mandatory to get vaccinated first before coming to canada.
There is no official news on anything... will definitely make a video once we have something substantial! Until then, I will suggest not to give into rumours.
@@PotatotalkiesCool.
*I will forever be in-depted to you Emilia 😇 you've changed my life, I'll continue to preach about your name for the world to hear,* *you've saved me from a huge financial debt with just little investment, Thanks Ms Emilia Russell* 🇺🇸🇺🇸
I have tried lots of traders but non is as genuine as Emilia, though I was skeptical but still gave her a try of $500 and got a profit of $7,500 in 3days I'm so grateful🙏.
Crypto trading is one of the lucrative business, but to be honest its not entirely easy i lost so much while doing it by myself until I stumbled across Emilia Russell
You will make a startup deposit depending on your chosen plan so trading begins, and your profit is released to you in less than 18 hours after you make your startup deposit.
I don't recommend you buying or selling without proper analysis. If you're new, always do your research or seek proper guidance from certified expert for proper and profitable management. I got into the market with $15k, but with the guidance of Mrs Emilia, a coach who helped me grow that to over $47k in few months.
Emilia investment is such a reliable source of making extra money, I got her ref on a TH-cam video some months ago although I doubted but later reluctantly gave her a try of $400 in less than two weeks she made a profit of $4000 I was so happy and immediately invested all with her.