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.

@Potatotalkies

3 жыл бұрын

Great points 👍 Pinning the post! :)

@abdulr3423

3 жыл бұрын

Not everyone will survive those 30 years. Still at least invest 30%. U will have something to eat. If u do survive

@Potatotalkies

3 жыл бұрын

@@abdulr3423 what if you do survive 30 years! 😀

@shawn7258

3 жыл бұрын

Nice point

@jdnz5963

3 жыл бұрын

Hi i want to move to canada from new zealand..plz help me guide me

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

@jidaloida106

Жыл бұрын

Nice, nice can you please introduce me to your IA so I can tell him I was recommended by a friend

@Ahmad-b9q5x

Жыл бұрын

Investing and trading in the financial space has really made a lot of people millionaires even some close friends of mine

@finny_

Жыл бұрын

@@jidaloida106anove is his mail address so you can easily get in touch or look up his name

@jidaloida106

Жыл бұрын

@@finny_thanks much I have sent a mail across to him

@collisserbanno8740

Жыл бұрын

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.

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.

@danieljamal3709

2 жыл бұрын

Courage taught me: that no matter how bad a crisis gets, any sound investment will eventually pay off

@helenoliver4838

2 жыл бұрын

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.

@dannyvera8475

2 жыл бұрын

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?

@helenoliver4838

2 жыл бұрын

@@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

@dannyvera8475

2 жыл бұрын

@@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

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

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.

@Potatotalkies

3 жыл бұрын

👏👏👏

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.

@Potatotalkies

3 жыл бұрын

Good points 👍

11:02 the guy waving at back made me laugh lol

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.

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.

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 KZread 😇😇 Best wishes to both of you🙏🙏

@rajeevganotra2823

3 жыл бұрын

True

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.

'Abundance Thinking' mode on! I was never bullshit thinking anyways 😎 Nice video as always!

@Potatotalkies

3 жыл бұрын

👏👏👏

Free financial advice 💯

Great video guys..

Great video and a good reality check especially for news immigrants.

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.

“Abundance thinking” is when your mind is blown. Loved this video so much. Great content. You guys are the best.

Love the 'abundance thinking' 🥰

Stumbled upon this video and simply loved it!!! Subscribing to your channel. You guys just make so much sense. Great job.

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 🤟🏻🤟🏻😃👌🏻

@Potatotalkies

3 жыл бұрын

😍 thank you 🤗

My admiration and love for you both grows with every video like this you guys publish ! 😄❤

@Potatotalkies

3 жыл бұрын

👏👏

Gosh, this was great! Super informative with hilarous bits!! Kudos to your information sharing, thanks!!

@Potatotalkies

3 жыл бұрын

Thanks :) Ignore the fake ID message

Honestly, after contemplating multiple videos, your channel makes so much sense in every aspect and not just this video. Kudos! Keep talking money.

@Potatotalkies

3 жыл бұрын

😃👏

Hi! Thank you for sharing the insights.

*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* 🇺🇸🇺🇸

@oliverjackson160

2 жыл бұрын

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🙏.

@helensteve2817

2 жыл бұрын

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

@bobbiechristopher6772

2 жыл бұрын

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.

@gurametsadashvili1888

2 жыл бұрын

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.

@janemunsey9753

2 жыл бұрын

Emilia investment is such a reliable source of making extra money, I got her ref on a KZread 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.

Fantastic video guys. Extremely helpful vlog. Thanks for extensive information 👍

Both of you very intelligent n execute meticulous planning. God bless you both

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. 💯❤️

Liked and subscribed. Anything else I can do please let me know 😃😃. Big fan of you guys.

Nice Information for Savings and Investments.

Really nice video! Thanks!

Happy to know financial management of yours so good. Couple of we getting financial management knowledge now, this clip helps lot to us..

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

Very helpful video. Thanks.

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.

That’s really amazing can’t wait for new video thank you so much 😊

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.

@Potatotalkies

3 жыл бұрын

Thanks.. yes, investing in India is also a good option for sure… 👍

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

@Potatotalkies

3 жыл бұрын

Good strategy

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.

You guys are awesome! Thank you for posting this. Please share more such information!

@TheMonodeep

3 жыл бұрын

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!

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...

I like the way you guys explain concepts.. keep up the good work guys

Thank you so much for sharing. Very interesting facts.

You guys are such a blessing❤

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.

@Potatotalkies

3 жыл бұрын

Thanks… 6% is average of last 10 years in canada :) And if we do it well, we can even do slightly better than 6% :)

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.

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.

@Potatotalkies

3 жыл бұрын

Makes sense.. 👍

@kishorekundala1902

3 жыл бұрын

@@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.

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

@saurabh19851

3 жыл бұрын

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

Highly respect all your efforts making this video, thx

Quite useful tips! As I always say keep hustling keep shining :)

Love this video ❤️ well researched

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:

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. ❤️❤️

Really amazing topic, nicely covered the points 👍

Thanks for your suggestions!!

@Potatotalkies

3 жыл бұрын

👏

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 .........

@Potatotalkies

3 жыл бұрын

Thank you 🤗

I had to rewatch as I got distracted by the sweet birds .. lol

@Potatotalkies

3 жыл бұрын

Hahah

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

@Potatotalkies

3 жыл бұрын

Good topic.. will try to make one soon

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...👍

@Potatotalkies

3 жыл бұрын

Thanks

Great calculation...and sincere effort and advice.....even the birds agreed 👍 dil se

Awesome video as always

@Potatotalkies

3 жыл бұрын

Thanks

Very resourceful! Thank you 🙏

@Potatotalkies

3 жыл бұрын

Thanks

wow .... this is amazing guys ........ short and crisp pointers .

@Potatotalkies

3 жыл бұрын

Thanks 😊

You guys are so smart and calculative..

Interesting! Nice video. ✌️

Guys always love to hear from you as you enrich us with knowledge👍💯♥️

@Potatotalkies

3 жыл бұрын

👏👏👏

you people are just amazing!!!!!!!!!! Inspiring in so many ways, much love and power tyou guys!

@Potatotalkies

3 жыл бұрын

Thanks 😊

I will surely use your guys trick! Hats off to you guys to make a video like this.. Very nicely explained!

@Potatotalkies

3 жыл бұрын

👏👏👏

Keep up the great work guys! You are doing exceptionally well and thanks a lot for sharing all these useful insights :)

Right ☺️

Thanks for sharing your knowledge. waiting for your next video.

@Potatotalkies

3 жыл бұрын

Coming soon :)

Best video and precious advice any new immigrant can get.

@Potatotalkies

3 жыл бұрын

Thanks 😊

Love you both. So glad to see you everytime 😊

@Potatotalkies

3 жыл бұрын

👏👏👏🤗

This video is very helpful…thankyou

golden content..i realy wanted this kind of video..thanx gyzz..👌👌

Investing culture is the realest catalyst in becoming a millionaire, true!

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.

@Potatotalkies

3 жыл бұрын

👏👏

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.

@Potatotalkies

3 жыл бұрын

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.

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.

It will help lot of newcomers thanks for sharing valuable information ❤️👍

Good content guys ! Kudos to you and your efforts. Appreciate the efforts and your knowledge sharing ability. 🙂

@Potatotalkies

3 жыл бұрын

Thanks

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!

@Potatotalkies

3 жыл бұрын

It’s reverse compounding. But I used an online calculator.. lol

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

@Potatotalkies

3 жыл бұрын

Thank you 😊

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.

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.

@Potatotalkies

3 жыл бұрын

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 like it 👌🏻

Consider buying a variable nd filter.

@rohanroy6851

3 жыл бұрын

That'll help you cut out the light in the background

Hi guys. Good job. Stay safe happy and blessed.

@Potatotalkies

3 жыл бұрын

👏👏

Good one. How do you guys select such informative topics ?? You do lot of brainstorming 👌

@Potatotalkies

3 жыл бұрын

Thanks 😊 Just sharing our life :)

Will eagerly wait for the next video. Learning stock trading these days to handle my own rrsp and tfsa accounts

Rich dad poor dad Psychology of money The richest man in babylon I read these books and started saving and investing and by the end I will retire in india with around 80 crore and these books are helpful

@Potatotalkies

2 жыл бұрын

👏👏👏

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.

@Potatotalkies

3 жыл бұрын

We just share stuff from our life :)

Power of compounding 🔥🔥🔥

Superb.... All the best Wish you all success..

@Potatotalkies

3 жыл бұрын

Thanks 😊

Informative as always!

@Potatotalkies

3 жыл бұрын

Thanks 😊

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?

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

@Potatotalkies

3 жыл бұрын

😀😀😀

Vry smart And helpful too