7 money myths I had in my 20s 😳❌

Discover the truth behind 7 common money myths in this eye-opening video! Let's debunk misconceptions and empower you to make smarter financial choices. From budgeting to investing, gain the insights you need to break free from limiting beliefs. Watch now for a fresh perspective on personal finance! 💪💸
Follow me on Instagram:- growwithnav
Link to the video:- • My Journey of building...
Timestamps
00:00 - Intro
00:16 - Myth 1
03:11 - Myth 2
05:49 - Myth 3
07:53 - Myth 4
09:49 - Myth 5
13:41 - Myth 6
15:11 - Myth 7
15:48 - Final thoughts
I am a licensed mortgage agent M21004312 working with Dominion lending centres, Valko Financial FSRA13047. I work with over 60 lenders including the top banks to provide an array of mortgage products that are suited to your needs. I can help you with your housing needs across all provinces in Canada (except Quebec).
I help First time home buyers & investors make smart realestate decisions based on numbers and not emotion. Want to book a call 👇 (It's free 🥳)
www.growwithnav.com/book-a-call
Get up to $3,000 in cash to trade stocks or crypto commission-free! Use this code 91NX5W or the link below to sign up 🙌 my.wealthsimple.com/app/publi...
MORE ABOUT ME 👇
My mission is to provide you with actionable content that enables you to build your wealthand live up to your potential. I came to Canada with my wife (Simran), during the pandemic in 2020, started with very little money, no job - to today, where I recently quit my job after building my side hustle to a cool 6-figures in revenue. I have met so many amazing people and mentors along the way, and I want to bring everything that I have learnt and continue to learn to you via this channel.
Subscribe if you are interested in:
#Realestate
#StockMarket
#Stocks
#crypto
#business
#moneymanagement
DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.
AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.

[@karanlamba2713]

Loved it! Very inspiring 💯

[@hsshhshs3095]

Grt stuff brother...

[@saleemakhtar87]

Very good video, full of real life experience and presented in a very professional format...good job !

[@nshweta30]

Thank you so much for this video! As always, learning something new from you!

[@growwithnav]

Thank you 😊

[@prateeksaxena1629]

Couldnt agree more with you Nav, very clearly put! Myth 2 has even more weight coming from a mortgage advisor!

[@mayurrane5603]

Good analysis of your life experiences and explaining them to your audience in a way it will resonate with most of them. Great video👏

[@growwithnav]

Thank you

[@gugnaniharminder]

Loved it Navjot. So empowering and real! More power to you :)

[@growwithnav]

👏👏

[@jithinjayan4447]

Masterclass, great content!!

[@growwithnav]

👏👏

[@vijiithaas2177]

Such an amazing video and intellectual as well 🎉 would love to see more of these videos

[@growwithnav]

🙌🙌

[@rightbrothers2004]

Good to see u ve done coarse correction, from preaching why one should buy to rent instead.

[@SJ-qs2gj]

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.

[@growwithnav]

👏👏😀😀

[@NewYork0110J]

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.

[@ishmeetsinghrayat]

Wow, Navjot you are doing great work, you sorted a lot of my financial doubts. I tried making financial videos but I failed

[@growwithnav]

Thank you 🙏

[@vancouverdiaries738]

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!

[@growwithnav]

Thank you 😊

[@tarantojsingh8399]

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?

[@Lj22]

Lots n lots n lots of ASSUMPTIONS in these scenarios bro.

[@growwithnav]

Like?

[@arjungupta3021]

Great info. Who is your Life insurance provider ? Please make a detailed video too. Thanks

[@growwithnav]

Sunlife term insurance 2 Mn coverage - 20 year term. I will suggest 25/30 years if you don’t have a business.

[@arjungupta3021]

@@growwithnav thank you so much 👍

[@nidhibhadouria4505]

Amazing video Navjot !!

[@growwithnav]

👏👏

[@sujatamalik5668]

Very informative 👌

[@growwithnav]

Thank you

[@parasthamman960]

Navjot your articulation and soft skills have really improved overtime. 👍

[@growwithnav]

Thank you 😊

[@DCcreates]

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

[@growwithnav]

I have talked about it several times - but will make a dedicated video sure

[@launchpd80]

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 :)

[@growwithnav]

✔️👏

[@user-zi7mw1ge8v]

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]

Thank you :) Point taken.. will try to make videos that are more relevant to bigger families

[@user-zi7mw1ge8v]

@@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.

[@viccosta5301]

Hello Nav, Any recommendations for life insurance company in Canada please?

[@growwithnav]

IA, Canada life, Sun life

[@jazz07able]

Hai very nice video.. I have a question. life insurance from which bank ?

[@growwithnav]

Sunlife

[@clytanf2178]

Nice video Nav, which term life insurance policy did you get?

[@growwithnav]

Sunlife - 20 year term

[@clytanf2178]

@@growwithnav thanks for the response.

[@Lj22]

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

[@growwithnav]

Yeah missed that by mistake :) But that’s what I am saying - renting is not always bad in the short term.

[@rachitmahajan3559]

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😊

[@growwithnav]

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 😀

[@rachitmahajan3559]

@@growwithnav I would really appreciate if you can cover up topics like New World order and de-dollarization in your upcoming videos

[@arshmahajan4680]

👍

[@puneettandon1134]

Which life insurance you have bought and who is the provider?

[@growwithnav]

Sunlife term insurance 2 Mn coverage - 20 year term. I will suggest 25/30 years if you don’t have a business.

[@puneettandon1134]

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.

[@pranjalchoudhury1670]

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.

[@growwithnav]

We will 😀🙌 thank you for your comment

[@GogoGorkee]

🔥🔥

[@NewYork0110J]

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.

[@dsinghr]

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.

[@bhagatpremal]

Principal spelling , please check

[@SwaroopKrishna-sr4kg]

Simran didi kaha hai

[@Chuntilal-yi1wt]

Navjyot you are Siddhu