Managing Money as a Student | TFSA | ETFs | Saving and Investing Money in Canada
ฝัง
- เผยแพร่เมื่อ 6 ต.ค. 2024
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In this video, I talk about managing money after you apply for your Post Graduate Work Permit in Canada. I talk about Saving, Investing, TFSA, Emergency Funds, ETFs, and Side Hustles.
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Hope this video will be helpful for you all in some way or the other. :-)
Video Inspiration: Dave Ramsey's 7 Baby Steps
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Disclaimer:
Please note, I am NOT an immigration consultant. I am NOT a financial advisor. I am NOT affiliated with any government organization. Any information shared in this video is based on my own experience, opinion, and research and hence should not be considered legal advice. I assume no liability for how the information in this video is used or interpreted and hence take no responsibility for any decisions that are made with regards to your application or life based on the information shared in this video. Your commitment to your application or life is critical so please do your own research before making any kind of decision. I am just a random guy on youtube sharing my experience.
Cheers
Gursahib
Disclaimer:
Please note, I am NOT an immigration consultant. I am NOT a financial advisor. I am NOT affiliated with any government organization. Any information shared in this video is based on my own experience, opinion, and research and hence should not be considered legal advice. I assume no liability for how the information in this video is used or interpreted and hence take no responsibility for any decisions that are made with regards to your application or life based on the information shared in this video. Your commitment to your application or life is critical so please do your own research before making any kind of decision. I am just a random guy on youtube sharing my experience.
Ideally, emergency fund needs to be of 12 months. Also, Do your own research before making any financial decision.
Can you give some information about UG studies in Canada as a international
Please make the investment details video ASAP please
Congratulations for 100k brother
Bro , looks like you watch minority mindset channel. Follow jaspreet singh
@@the_real_man55 Yes...!! Learnt a lot from him.
“Rich people buy assets , poor buy liabilities which they thought are asset.” My fav phrase from this book!!
one more rich people take loans to invest
From where I can open my TFSA account? From my bank or any other place plz reply???
from wealthsimple app
@@kameshparmar1343
This Guy is superb man...encyclopedia of savings...so mature for his age....God Bless you Always..
From where I can open my TFSA account? From my bank or any other place plz reply???
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
Hey! Please who is this advisor of yours? I guess success really means total knowledge . Can I have easy access to reach out?
@Manuel Andrea 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
Mrs. *PRISCILLA DIANE AIVAZIAN* really knows her way around trading, it's evident from her deep knowledge of how the market works, and reading signals to perfection, I feel very safe trading with her.
From where I can open my TFSA account? From my bank or any other place plz reply???
Note: This is applicable in India as well.
Hi, great job on the video. Just wanted to correct one thing: In Canada capital gains are taxes on 50% of the gains. Hence, tax wouldn't be $30 on $100 profit, but rather $15 on $100 profit (30% of 50% of $100 = 0.3*0.5*100)
Dear son aap itna briefly guide kartey ho just like a mother ki meray bachoo ko har baat achi say samj aa jayea; always blessed my son🙏🙏
Thanks a lot for your blessings. 😊😊
Please make more videos on investment and all...that would be really helpful 👍...and thanks for this video🙏
Sure…I will…!!
@@GursahibSinghCanada bhai Alberta pnp pr bhi bana do plzz
@@GursahibSinghCanada please I didn’t understand Indian😪
Very useful & a no-nonsense content. 👌🏼👌🏼
Thats what content is all about super duper informative video ✌🏻👍🏼
👍🏻👍🏻👍🏻😊😊
My dear brother no one is competent like him👍👍
Most underrated channel.. nice brother
Thank you so much 😀
Youre one of my favourites bro , genuine and selfless
Absolutely amazing and informative video.. Thanks for sharing your ideas and experience
Beautifully explained!!
Please make a video on monthly expenses .
IMPORTANT INFO REGARDING TFSA: Don't calculate your contribution room from when you turn 18 years old if it was before the year you come to Canada.
for example: if someone turned 18 in 2009, total contribution room in 2023 will be $88,000. This is what any online TFSA contribution calculator would show.
But If someone come to Canada in 2020, then the contribution room is $24,500 even. It starts from the year you come to Canada not from the year someone turned 18.
Always check your CRA account to see your total TFSA contribution limit.
I'm not gonna lie... You are the 1st Punjabi guy jisse Maine personal finance Ke bare me acchi baate Suni Hai.... Idhar GTA me mere Saath ex classmates (mostly Punjabis) bas life enjoy Karne ki hi Baat karte Hai.... Latest iPhone, Mercedes E class, expensive clothes, perfumes... You name it....
Rent bhane Ke paise nai hote Lekin ye Sab shauk Hai...
BTW loved your video.... I'm doing almost all the things that you mentioned....
Maxing out RRSP, maxing out TFSA....
Mera emergency fund ka strategy thoda different Hai....
I try to keep 3 months of net salary/ 6 months of absolute expenses in low interest rate savings account (Scotia momentum plus) that way I'm earning little interest (1.75 right now) on that too....
Also I try to maintain 10k balance just for my own peace of mind.
You are amazing! Thank you for all the great advices & suggestions! 🙏
👍🏻👍🏻
Guesab g if dont mind pls tusi guru nanak ji de murti de jaga change karo kio ke tusi pani pe ke apna jutta glass v table te rak de o
Paji ; You make a 100% organic helpful videos . Keep it up God bless you
If i invest in stocks and earn profit is this count in working hours?
These are beautiful business stories, we have been tired now.
Absolutely amazing and informative like always ☺️
From where I can open my TFSA account? From my bank or any other place plz reply???
can We buy crypto in TFSC AC BRO
If we are opening TFSA account should we send money from personal account to TFSA account and should we invest?
Yes paaji investment te vi vid zroor bnayo..that would be very useful!
Yes....I will...!!
Thank you Gursahib. Very informative and practical.
Aakhein khol di Gursahib ji aapne. Thank you so much for such informative videos. Arriving in Canada very soon.
All the best :-)
Seems like all the tips are coming from the book, total money make over. It's a good book
Thanks so much Bruh..
I've lost my job in Australia and I've just 4 to 10 he/week to work.. And still I was wasting money everywhere. But now I understand. And I'll go on right way😢..
Please pray for me to get my job hours🥺
Sir Your Style of making video is very relevant & also strait forward. Thanks & Best of Luck.
Bhai I have few questions?
1st. How to open tfsa account should I have to visit Scotia bank or what ?
2nd. How to expenses of TH-cam income like mic and all ? Do we have to hire an accountant ?
3. Please Make a video on how to invest? Which platform like wealthsimple or any other ? And give a brief and detailed information about stocks, crypto, Amazon, affiliate etc.. Though it’s really informative!
I don't know how but I had started growing wise in terms of investment and future planning. I started investing a month bake and able to invest $400 till now and learning to invest and growing portfolio. I am hoping someday after finishing my course I will be having atleast some investments done. 😊
THIS VIDEO IS EXTREMELY HELPFUL FOR US..THANKS A LOT BUDDY ..I HOPE GOD WILL BLESS U A HEALTHY,HAPPY ND BLESSED LIFE🖤
Bro you are fab 🙏🏻 Thank you for the knowledge.
Please make more videos regarding investment and stocks as a student.
REACH HER ON HER TELEGRM
Silviamorgan is her user name for help
Idea for new video : How to save himself from exploitation in Canada as an international student ?
Amazing video. Really liked the way of explanation in simple words. 🎉
Thank you! 😃
@@GursahibSinghCanada looking forward for more videos
Advanced congratulations 🎉🎉 for 100k get ready for a quistion answers gursahib
😅😅😅
Dave Ramsey Kay 7 baby Steps Hain with few updates so information is genuine and great
Exactly :-)
great video gursahib bhaiya and please make more videos on this topic its really very important and helpful
Sir ji 1 details video banado
Kese hume khudse pata chalain ki konse sources ko follow karke dividend/ high profit share buy karain!!
Thank you so much for knowledge and motivation.
excellent insights ! A must watch for new comers. Thanks dear. 🙌❣
Glad you think so!
Hi bro, this is Vijay, In recent days I'm watching lots of TH-cam Videos, in fact, next month I'm travelling to Canada, honest with you, I watched your couple of Videos, it's mesmerizing and so much informative. You have gained my respect and I am motivated so much after your Video. Oh God. Thank you brother for doing this. Keep rocking ✌️
You are my rolemodel sir☺️
I will follow every lines when i will reach there☺️
Paaji please make a video on how to create TFSA account in Canada and how we use it for investments. ❤️
Just wanted to know
Whats is the best way to use cash money as a student ?
For all who are on Work/Study Permit cannot open TFSA account. TFSA A/c can be open only by Permanent resident. (As per TD Bank Financial Advisor)
Any individual that is a non-resident of Canada who has a valid SIN and who is 18 years of age or older is also eligible to open a TFSA. ( As per Canadian Govt. website ) Only difference is that, there is 1% tax for non-residents.
Gursahid very smart but I will say that these life tips are not only applicable in canada but anywhere in the world, after all a penny saved is a penny earned
I suggest you make videos outside as it will show good side if Canada and backdrop will be good . Just asggestion.
Love you bhai! Badhiyaan guide kara aapne
Thank you so much. Very valuable Information 💕
very informative video brother 💙 💙
Congratulations for 1 lakh subscribers
Thanks a lot :-)
Where we can save our emergency fund and can earn interest too.Also suggwst something that we can show as proof of funds in PR too.
I like your humorous and informative videos
👍🏻👍🏻😊
Thank you for this wonderful video
I have one request can you make more videos on personal finance and investment thx
Your videos are always very useful mtlb itnay achy say kon smjhata ha bhai....May Allah SWT bless you✨💖
We're really close to 100k Congrats bhaiyaaa🥳🎉
Thanks a lot 😊😊
Great video. U got a new subscriber. Thanks
Hello Gursahib Ji, Can you please make videos on
1 Cheapest Way to travel Canada as a Student (Airlines, Travel Route) Student Offer for excess luggage, when to book tickets and other ways so it could save lot of money
2 How to target jobs from intial days and how to make network?
Thanku sir for sharing knowledge with us. Your videos helps us alot . Respect for u sir🙏
Very very informative video...❤️🙏
Congrats on 100K
Hello 👋
Love ur videos bro soon ill be in Canada too
Awesome...!! :-)
Love your content brother! Please make a video on investing too. It would mean a lot:)
Hi......Also make a video about Canada's Top Rated Mutual Funds, such as MANULIFE GLOBAL SMALL CAP FUND. This fund is giving 16% average return every year for the last 10 years
Very Help content as always, Keep it up Bro
Thanks a lot :-)
Please make a video of Northern College accomodation part time jobs and other facilities
Can you make a video on how to actually use your GIC in an efficient way ....???
Hello,
Do you know which is the best platform to invest in TFSA if you are a student?!!
Very Useful and Informative, 🙏 Thanks for the Video
Congratulations sir 😘😘
Or 100k subscribers ❤️❤️
Paaji, very informative video! Thank you.
👍🏻👍🏻👍🏻
Wellll done Sahib sir!!!relatble content keep
It up
Congratulations for 100k subscribers in advance
Thank you so much 😀
Bhai 4000 ka 10% gya EF main
Uske baad bacha 3600
Usmain se 15% gya TFSA (540)
Remaining salary ~ 3600 -540 =3060
EF = 2400
TFSA =540
Net salary = 3060
15 percent of salary not what remains after taking out EF. Also, these are minimums. You can do 20-25% investment also depending on your situation and expenses.
Very informative bro 👍 ese aur unique content videos banaane raho
Very good.... Really imperative video 👌👌👌👌👌👌
I think after excluding ur monthly rent as well as grocery expenses from monthly income one should invest in TFSA acc bcoz that that are necessary expenses. 10:17
Hi gursahib I must say ur video awesome and knowledgeable and i request you please make a video how to invest in stock as a begginers
Another informative video. Thanks 🙏🙏👍👍
Thank you 😊😊
4000-600TFSA = 3400
3400-400 Emergency fund=3000
3000-600 Room Rent=2400
2400-400 Phonebill and Emi=2000
2000-800Car emi=1200
1200-200Car insurance =1000
1000-300 Grocery =700
700-200 miscellaneous =500
500-100 Parking=400
o v koi pta ni k $4000 salary howe k nai pehli gal ta basic $3000 hundi aa
Sade kol ki bacheya shikku
Informative and good quality video
Dear Sir , Want to know more about PR and forward process .
Thank you @gursahib for this. I will look forward for a video on how and where to invest as well. I hope u will make one.
Very helpful video sir gg bahut kujh sikhan nu mileyaa . Mai vi aa riha Canada sir gg
your content is so informative bro.
Glad you think so!
Plz gv some advice to the new coming international students about what all steps they want to take about account and bank
After pgwp you taught the legit ways to do m✨🙏🙏
Side hustle pe video banao .
You doing great work brother God bless you love from 🇵🇰
Congratulations for 100k
Many many thanks :-)
Gursahib Bhayia pls PTE k upr video bna do aap🙏
Congo for ur 100k subscribers brother
Thanks ✌️
You are amazing I like this topic
Please make a video on scope to be chosen for PGDM course in Canada after completing BA from india
Love u brother u are doing a nice work
Thanks a lot 🙂