Nav, spot on when you said real estate is the second biggest wealth generator. Kudos 🎉 this video reconfirmed my decision of starting a business versus buying a house first.
Sickening idea of pushing people in debt cycle. Real estate is good when it is not speculative. Wrong banking rules caused home prices to jump so far ahead.
Another great video. Especially the debt part. 1 suggestion- You videos are mostly for couples or where 2 people are earning. Please create a few videos for single people in Canada. The disposable income is almost cut in half for them and it's gets a bit challenging to plan investing and retirement with 4K-6K monthly income after tax. Thanks again for great educational content.
@@growwithnav Thanks for responding. I think you misunderstood. I meant more videos for single people who don't have 2 incomes coming in the household and have only 4-6K monthly income.
Hi Navjot, Thank you for these videos. Truly, these are eye opens for someone new to house buying. Appreciate your efforts! Probably a silly question, but how can one buy a house on cash (100% down)? Are there any cons or difficulties of the same? Also do you have any links with good mortgage agents or realtors in Sudbury, Ontario?
There are few assumptions price of house growing by over 7-8% every yr infinitely. Leverage is double edge sword. If rents dont grow as the price of home those increas3 in home prices will be very short lived. It is sad everyone talk about residential as investment vehicle. This can kill the econonmy for a long time and create an evil society.
Prices won’t grow up more than 2-3 percent going forward. The reason is wages are not going up enough. And there are limited buyers who are gonna buy prized property at a higher price cause to them it won’t matter. Regular property that regular people buy, would grow slowly.
Amneet Saini referred me your channel and its such a bliss to watch all of ur videos because im thinking in the same lines but need more clarity on a lot these. Thank you :)
Hi... can you also make a detailed video on Term Life insurance in Canada for new immigrants... as you too (and Simran) have taken one ... as Insurance in Canada is a (lots of info to be crunched / researched) topic... Thanks in advance
Thanks for sharing the details. I thought that you would have gone with whole life rather than term. I am also in the process of determining which one I should take. May be you can create a video on this topic. I was not able to find quotes readily available on Google. Every major website is telling to connect with their respective advisors.
Hi Nav, Hope you are doing well. My wife and I have been following your channel - potato talkies since the beginning of 2020 when you guys just moved Canada. We are from Australia, but everything you have discussed about life including your journey really motivates us. Here, in Aus, we struggle to surround ourselves with like minded people like you. we hope to meet with you guys in some point of life.
Navjot amazing video as always. But what will happen in case de-dollarization happens, which is highly likely to happen ? I am sure you might have done your research on de-dollarization, it will be good if you can make a video on this topic as well and it’s impact on immigrants like us, who have moved to dollar economies for a better life but now fearing about dollar loosing its reserve currency status😊
Will probably make a video on this. It doesn’t impact us as much in the next 2 decades honestly. I do believe it will happen, however no economy, even china is stable or strong enough yet (unpopular opinion, but I have stayed in Hong Kong for 4 years and seen their problems closely) And the way things are moving, especially with institution’s slow response to the changing world, I am completely open to the idea of decentralized reserve currency in the new world order. Which is why I am investing heavily into realestate - it’s the only thing I believe will remain a stable asset class in our lifetime. Just a belief… I may be completely wrong though 😀
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Thank you so much for this video! As always, learning something new from you!
Thank you 😊
Couldnt agree more with you Nav, very clearly put! Myth 2 has even more weight coming from a mortgage advisor!
Very good video, full of real life experience and presented in a very professional format...good job !
Good analysis of your life experiences and explaining them to your audience in a way it will resonate with most of them. Great video👏
Thank you
Lots n lots n lots of ASSUMPTIONS in these scenarios bro.
Like?
Nav, spot on when you said real estate is the second biggest wealth generator. Kudos 🎉 this video reconfirmed my decision of starting a business versus buying a house first.
👏👏😀😀
Sickening idea of pushing people in debt cycle. Real estate is good when it is not speculative. Wrong banking rules caused home prices to jump so far ahead.
Loved it! Very inspiring 💯
Good to see u ve done coarse correction, from preaching why one should buy to rent instead.
Loved it Navjot. So empowering and real!
More power to you :)
👏👏
Grt stuff brother...
Wow, Navjot you are doing great work, you sorted a lot of my financial doubts.
I tried making financial videos but I failed
Thank you 🙏
Such an amazing video and intellectual as well 🎉 would love to see more of these videos
🙌🙌
I dont remember anyone told or guided me to invest in any way when I was 20, lol
You are born to make like this videos, keep it up!
Thank you 😊
Masterclass, great content!!
👏👏
Navjot your articulation and soft skills have really improved overtime. 👍
Thank you 😊
Great info. Who is your Life insurance provider ? Please make a detailed video too. Thanks
Sunlife term insurance
2 Mn coverage - 20 year term. I will suggest 25/30 years if you don’t have a business.
@@growwithnav thank you so much 👍
Another great video. Especially the debt part.
1 suggestion- You videos are mostly for couples or where 2 people are earning. Please create a few videos for single people in Canada. The disposable income is almost cut in half for them and it's gets a bit challenging to plan investing and retirement with 4K-6K monthly income after tax.
Thanks again for great educational content.
Thank you :)
Point taken.. will try to make videos that are more relevant to bigger families
@@growwithnav Thanks for responding. I think you misunderstood. I meant more videos for single people who don't have 2 incomes coming in the household and have only 4-6K monthly income.
Nav, nice one. But you didn’t add property taxes in the Myth#2 example of Rent is Paying someone’s mortgage. That makes renting profitable further
Yeah missed that by mistake :)
But that’s what I am saying - renting is not always bad in the short term.
Hi Navjot,
Thank you for these videos. Truly, these are eye opens for someone new to house buying. Appreciate your efforts!
Probably a silly question, but how can one buy a house on cash (100% down)? Are there any cons or difficulties of the same?
Also do you have any links with good mortgage agents or realtors in Sudbury, Ontario?
Amazing video Navjot !!
👏👏
There are few assumptions price of house growing by over 7-8% every yr infinitely. Leverage is double edge sword. If rents dont grow as the price of home those increas3 in home prices will be very short lived. It is sad everyone talk about residential as investment vehicle. This can kill the econonmy for a long time and create an evil society.
Prices won’t grow up more than 2-3 percent going forward. The reason is wages are not going up enough. And there are limited buyers who are gonna buy prized property at a higher price cause to them it won’t matter. Regular property that regular people buy, would grow slowly.
Amneet Saini referred me your channel and its such a bliss to watch all of ur videos because im thinking in the same lines but need more clarity on a lot these. Thank you :)
✔️👏
Nice video Nav, which term life insurance policy did you get?
Sunlife - 20 year term
@@growwithnav thanks for the response.
Very informative 👌
Thank you
Hi... can you also make a detailed video on Term Life insurance in Canada for new immigrants... as you too (and Simran) have taken one ... as Insurance in Canada is a (lots of info to be crunched / researched) topic... Thanks in advance
I have talked about it several times - but will make a dedicated video sure
Hello Nav, Any recommendations for life insurance company in Canada please?
IA, Canada life, Sun life
Hai very nice video.. I have a question. life insurance from which bank ?
Sunlife
Which life insurance you have bought and who is the provider?
Sunlife term insurance
2 Mn coverage - 20 year term. I will suggest 25/30 years if you don’t have a business.
Thanks for sharing the details. I thought that you would have gone with whole life rather than term. I am also in the process of determining which one I should take. May be you can create a video on this topic. I was not able to find quotes readily available on Google. Every major website is telling to connect with their respective advisors.
Hi Nav,
Hope you are doing well. My wife and I have been following your channel - potato talkies since the beginning of 2020 when you guys just moved Canada.
We are from Australia, but everything you have discussed about life including your journey really motivates us. Here, in Aus, we struggle to surround ourselves with like minded people like you. we hope to meet with you guys in some point of life.
We will 😀🙌 thank you for your comment
Navjot amazing video as always.
But what will happen in case de-dollarization happens, which is highly likely to happen ?
I am sure you might have done your research on de-dollarization, it will be good if you can make a video on this topic as well and it’s impact on immigrants like us, who have moved to dollar economies for a better life but now fearing about dollar loosing its reserve currency status😊
Will probably make a video on this. It doesn’t impact us as much in the next 2 decades honestly. I do believe it will happen, however no economy, even china is stable or strong enough yet (unpopular opinion, but I have stayed in Hong Kong for 4 years and seen their problems closely)
And the way things are moving, especially with institution’s slow response to the changing world, I am completely open to the idea of decentralized reserve currency in the new world order. Which is why I am investing heavily into realestate - it’s the only thing I believe will remain a stable asset class in our lifetime. Just a belief… I may be completely wrong though 😀
@@growwithnav I would really appreciate if you can cover up topics like New World order and de-dollarization in your upcoming videos
👍
Principal spelling , please check
🔥🔥
Simran didi kaha hai
Navjyot you are Siddhu