5 Money Habits That Keep Newcomers Poor in Canada

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Whether you're a newcomer or a Canadian, we have likely not been taught personal finance. In this video we share personal finance mistakes almost everyone makes, and share tips on how to avoid them and help you build wealth faster.
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This channel is curated by Anna and Anastasia, immigrants living in Greater Toronto Area. Our goal is to help you arrive, excel and thrive in Canada. We share tips on personal growth, career, cities, finance and travel. Thank you for watching!
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Пікірлер: 46

  • @MakeThatChange
    @MakeThatChange2 ай бұрын

    To get $50 when opening a Questrade TFSA account, use code : 776118305437988

  • @MrDarkchipmunk
    @MrDarkchipmunk2 ай бұрын

    Unfortunately only spending 50% of your income on living expenses isn't possible for a lot of people

  • @MakeThatChange

    @MakeThatChange

    2 ай бұрын

    It's all about the mindset, discipline, some creativity and hard work.

  • @widezyp2228

    @widezyp2228

    Ай бұрын

    Easy to say for priveleged people. That is just simply not true.

  • @MakeThatChange

    @MakeThatChange

    Ай бұрын

    Excuses are also easier to find than take ownership on your own life.

  • @eugeniosilvaconceicao6794
    @eugeniosilvaconceicao6794Ай бұрын

    I already left my like. I live in Brazil, specifically in Goiânia. I am a machine designer. I still don't speak English but I'm studying and I have a Canada plan.

  • @Guaicoboi
    @Guaicoboi2 ай бұрын

    I truly appreciate your experience and explanation.in learning how to navigate the Canadian tax / credit/ debt system and way of life .

  • @MakeThatChange

    @MakeThatChange

    2 ай бұрын

    Glad it was helpful!

  • @Tykoon
    @Tykoon2 ай бұрын

    Try the 52-challenge saving method. I love it.

  • @MakeThatChange

    @MakeThatChange

    2 ай бұрын

    Will check it out! Thank you.

  • @FilipeFelinto
    @FilipeFelinto2 ай бұрын

    Thanks!

  • @MakeThatChange

    @MakeThatChange

    2 ай бұрын

    Thank you!

  • @seasaltisland
    @seasaltisland2 ай бұрын

    Yeah as a female I had to go to the oil patch after University to pay off my loans here in Canada quickly and apprentice my way to debt repayment

  • @ivangracia151
    @ivangracia1512 ай бұрын

    very good video, thanks

  • @MakeThatChange

    @MakeThatChange

    2 ай бұрын

    Glad you liked it!

  • @shuchikhan
    @shuchikhan2 ай бұрын

    Thanks for sharing dear sister ❤

  • @MakeThatChange

    @MakeThatChange

    2 ай бұрын

    My pleasure 😊

  • @ericchurch7456
    @ericchurch74562 ай бұрын

    great video, other things i do to improve money flow.... never buy new car i go to bank and look at the banks repo list also for car insurance i increase the deductible to what i can afford for repairs lowering my premiums, same for property sometimes there are gems, bought a piece of land from the bank for 8000 its now worth 350,000 which will be my downpayment on my home in Canada . Grocery shop with a list never without eating first it helps to curb impulse shopping. My family is halfway to living in Canada 2 family(wife and son) members there and two of us left (daughter and self).

  • @MakeThatChange

    @MakeThatChange

    2 ай бұрын

    Thank you for sharing that! All the best in your journey to Canada!

  • @rupindersodhi6869
    @rupindersodhi68692 ай бұрын

    A penny saved is a penny earned ❤

  • @MakeThatChange

    @MakeThatChange

    2 ай бұрын

    🙏

  • @User12345fan
    @User12345fan2 ай бұрын

    Kudos to you, you have a house now too, plus, substantial stocks too right?

  • @MakeThatChange

    @MakeThatChange

    Ай бұрын

    slow and steady wins the race!

  • @JIMOTION
    @JIMOTION2 ай бұрын

    Scott Pilgrim: THE ECONOMY

  • @User12345fan
    @User12345fan2 ай бұрын

    One of the reasons why people are broke is that they live in Canada, compared to most countries Canada is fine/better. But comapred to the US, you are leaving a lot of money on the table every month, if you would invest that ability to save you would get rich way quicker.

  • @AymenGh-ju8wd
    @AymenGh-ju8wd2 ай бұрын

    Just stop drinking every weekend and you will save a lot of money and your health too

  • @MakeThatChange

    @MakeThatChange

    2 ай бұрын

    💯💯

  • @noj1yt
    @noj1yt2 ай бұрын

    Can international students open TFSA accounts?

  • @MakeThatChange

    @MakeThatChange

    2 ай бұрын

    if you're considered a resident of Canada for tax purposes, have a SIN and are over 18 years old - yes! you can open a TFSA! www.canada.ca/en/revenue-agency/services/forms-publications/publications/rc4466/tax-free-savings-account-tfsa-guide-individuals.html

  • @chriskay7233
    @chriskay7233Ай бұрын

    Money printer....

  • @jamesmclean9907
    @jamesmclean9907Ай бұрын

    Meh.

  • @proger9077
    @proger90772 ай бұрын

    Always great video.... lazy racist people who think that immigrant is a burden on canada economy should listen to this video. Maybe we need more immigrant talking about their success in canada. Thank you

  • @ivangracia151

    @ivangracia151

    2 ай бұрын

    I am also an immigrant an I can recognize that has been a increment in the housing crisis

  • @proger9077

    @proger9077

    2 ай бұрын

    @ivangracia151 do you know the root of the problem? Canada has the opportunity to have a booming economie: more people, more construction, more opportunities..... it seems some Canadians don't want to have this opportunities to not loose control over their position and power. And we can see a lot of disinformation in the social media. Very sad 😔

  • @ivangracia151

    @ivangracia151

    2 ай бұрын

    @@proger9077 the root of the problem? the lack of free market capitalism, The leftiest just raise taxes more and more, dont allow more private healthcare, more private education, they just tax everything for any reason

  • @ivangracia151

    @ivangracia151

    2 ай бұрын

    @@Gloryboyquan Hi men, I came from Cuba in january 2023, I was lucky that I could work in my field from the beginning, (Computer Science) a lot of socialist in canada, a lot of taxes, but next year the right wing is going to be on power... so.... everything should be better after that

  • @Gloryboyquan

    @Gloryboyquan

    2 ай бұрын

    @@ivangracia151 OK bro r u on work permit or pr

  • @tinaz1818able
    @tinaz1818able2 ай бұрын

    I thought you left Canada years ago! You are still here..... so it is still better for you than where you were from

  • @MakeThatChange

    @MakeThatChange

    2 ай бұрын

    It’s always been 100x better. Never thought of leaving, except for brief impulses of living in Costa Rica and surfing all day.

  • @lynnmatta7209

    @lynnmatta7209

    2 ай бұрын

    @nightvampire83 I think u missed the purpose of this video. The channel has 55k subscriber, they are not selling anything. I'm not even sure if it's monetized lol

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