Don't lose money by saving it | Investing money as new immigrants in Canada 💰
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- Опубліковано 1 чер 2021
- We talk about the power of investing money in Canada or anywhere around the world. Let's talk about:
1. How saving money will make you poor - not just in Canada, but anywhere in the world!?
2. How buying dumb shit as new immigrants makes us broke!?
3. When should start investing your money after coming to Canada!?
4. How much should you invest…
Investing with TFSA: • Retire a millionaire i...
Disclaimer: These videos are our personal views and opinion, they should NOT be considered as legal advice. We are not affiliated with any government organization or division. We assume no liability for how the information on this channel is used or interpreted and hence take no responsibility for any decisions that is made with regards to your application based on the information shared on this channel.
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We don't like immigration agents - the ones' that aren't authorized by ICCRC and qualified to help you with your application in exchange for money - first of all, it's not legal to do that, and second of all, it's so easy that you don't really need paid help! We are a young couple who started their Canadian Immigration journey in 2018 and moved to Canada 3 days before the pandemic hit in March 2020. Over the course of our application, we have seen so many people getting screwed over by greedy / fraudulent and unauthorized immigration consultants who promise you the world in exchange for thousands of dollars and deliver a whole lot of NOTHING; to an extent that in many cases, the applications get rejected, due to their negligence.
Therefore, we are taking matters in our own hands. After months of research and our own experience of applying for a Canadian PR, we came up with an e-book series & this UA-cam channel which would include - errors to avoid, perfect sample documents (my own) and alternate ways of immigrating to Canada - 100 pages of absolute goldmine between these 3 e-books - no filters, no premium versions to these ebooks... everything is out there FOR FREE, for you to read and execute the process yourself! All we are doing in these ebooks is sharing our experience of applying for PR ourselves / structuring and pointing you in the right direction via various different resources that are available on IRCC's official website. The UA-cam channel will compliment the e-book and add some personality and entertainment to the entire process :-)
Volume 1: Step by step express entry process from know nothing about immigration all the way to getting an invitation to apply (ECA, IELTS etc). Download here - www.potatotalkies.com/
Volume 2: Post ITA express entry process - documentation, samples, POF, Proof of work, medical, biometrics all the way to getting a stamped passport ;-) Download here - www.potatotalkies.com/
Volume 3: Alternate ways of moving to canada | Provincial Nominee program - OINP, AINP, MPNP, NSNP, SINP, RNIP and more. Download here - www.potatotalkies.com/
Save your money, and if you find these e-books useful, do not forget to buy us a coffee when you reach Canada :-)
Do not forget to subscribe to our channel :-)
#investingmoney #newimmigrantincanada #lifeincanada #potatocouple #immigratetocanada #ultimateplaybook #youtube #ebook #expressentry #potatocouple #movetocanada #lifeincanada #canadavlogs #lifeincanada
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.
Highly respect all your efforts making this video, thx
No word for your extensive conversation on important topics, thank you lovely couple.
Stumbled upon this video and simply loved it!!! Subscribing to your channel. You guys just make so much sense. Great job.
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
My admiration and love for you both grows with every video like this you guys publish ! 😄❤
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“Abundance thinking” is when your mind is blown. Loved this video so much. Great content. You guys are the best.
That’s really amazing can’t wait for new video thank you so much 😊
Happy to know financial management of yours so good. Couple of we getting financial management knowledge now, this clip helps lot to us..
Gosh, this was great! Super informative with hilarous bits!! Kudos to your information sharing, thanks!!
Thanks :)
Ignore the fake ID message
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!
Honestly, after contemplating multiple videos, your channel makes so much sense in every aspect and not just this video. Kudos! Keep talking money.
😃👏
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. ❤️❤️
Fantastic video guys. Extremely helpful vlog. Thanks for extensive information 👍
'Abundance Thinking' mode on! I was never bullshit thinking anyways 😎
Nice video as always!
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Keep up the great work guys! You are doing exceptionally well and thanks a lot for sharing all these useful insights :)
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.
Quite useful tips! As I always say keep hustling keep shining :)
You guys are such a blessing❤
I like the way you guys explain concepts.. keep up the good work guys
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
Really amazing topic, nicely covered the points 👍
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.
you people are just amazing!!!!!!!!!! Inspiring in so many ways, much love and power tyou guys!
Thanks 😊
Love this video ❤️ well researched
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’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
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:
Thank you so much for sharing.
Very interesting facts.
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.
Love you both. So glad to see you everytime 😊
👏👏👏🤗
You guys are so smart and calculative..
Hi! Thank you for sharing the insights.
Very resourceful!
Thank you 🙏
Thanks
wow .... this is amazing guys ........ short and crisp pointers .
Thanks 😊
Great video and a good reality check especially for news immigrants.
Both of you very intelligent n execute meticulous planning. God bless you both
I will surely use your guys trick! Hats off to you guys to make a video like this.. Very nicely explained!
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Good content guys ! Kudos to you and your efforts.
Appreciate the efforts and your knowledge sharing ability.
🙂
Thanks
Thanks for sharing your knowledge. waiting for your next video.
Coming soon :)
Thanks for your suggestions!!
👏
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.
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 👍
It will help lot of newcomers thanks for sharing valuable information ❤️👍
Really nice video! Thanks!
Informative as always!
Thanks 😊
This video is very helpful…thankyou
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 🤗
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.
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.
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Will eagerly wait for the next video. Learning stock trading these days to handle my own rrsp and tfsa accounts
Great calculation...and sincere effort and advice.....even the birds agreed 👍 dil se
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 UA-cam 😇😇 Best wishes to both of you🙏🙏
True
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
Very helpful video. Thanks.
golden content..i realy wanted this kind of video..thanx gyzz..👌👌
Hi guys. Good job. Stay safe happy and blessed.
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Best video and precious advice any new immigrant can get.
Thanks 😊
Useful information as always, well, mostly always 😁👍
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its a very amazing video. I loved to watch your all video. thank you so much for inspiring us. actually finance is my fav topic.i need this video. once again thanks a lot guys..
Thank you 😊
11:02 the guy waving at back made me laugh lol
Worked hard once again you guys.. Good work really.
And it's true "things which are not in our hands, we should leave it to the time - don't bother about it basically..like Inflation, Child care expenses when the family grows etc. etc.
Cheers lovely couple ❤❤
Rab Rakhaa
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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 :)
absolutely brilliant Guys keep it up👏👏
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Great video guys..
Free financial advice 💯
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
Interesting! Nice video. ✌️
Guys always love to hear from you as you enrich us with knowledge👍💯♥️
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Yay!!!!! Potato talkies aa gaye!!!!!!❤️
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Good one. How do you guys select such informative topics ?? You do lot of brainstorming 👌
Thanks 😊
Just sharing our life :)
I think the risk attached to equity investments is an important factor, so a well balanced asset allocation is important
Absolutely
Great content! I feel like sitting with you guys and discussing all of this over a cup of chai and pakoras! We will provide the food :D
😀😀😀
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
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… 👍
Amazing video.. waiting for the next :)
😃
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 🤗
Awesome video as always
Thanks
Great words of wisdom for new comers
Thanks 😊
Power of compounding 🔥🔥🔥
Superb.... All the best
Wish you all success..
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...
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.
On point. 💯😍
Investing culture is the realest catalyst in becoming a millionaire, true!
Really liked the last part of Navjot....
Nice Information for Savings and Investments.
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.
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.
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Navjot Sir kha se laate ho itti knowledge?🙏🏻
Just one line for you guys "Ek hi to dil hai kitti bar jitoge" 😉❤️
Great Topic, the best video from yours have seen till now, awesome, waiting for your next video on investment
Thank you
@@potatotalkies-canada8166 Fake account!!
Amazing as always...Navjot pls make a video on ETF
@@potatotalkies-canada8166 - this is a fake account
Your videos always uplifts my mood .... keep motivating us and jaldi fsw resume karao ji 😜😜
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% :)
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
Very much inspiring, Working towards a good cause by educating everyone will definitely pay you. Bless you both 🤗
Thank you 😊
Thank you Navjot and Symran for a wonderful video, yet again. This one speak volumes of the research that has gone in.
Have a quick question regarding Rule 10, 25 and 35.
While calculating Rule 25 should we subtract the contribution for Rule 10 and proceed with the balance. Also for Rule 35 should we subtract the contribution for Rule 10 and 25 respectively and then proceed with the contribution. Looking forward to your answer !!
Love from #Ottawa
No..
It will be 10+25 = car + house if you are renting
10+35 = car + house if you own the house
@@Potatotalkies Thank you and really appreciate!!