How to build wealth in Canada 💰(I wish I did this earlier!)

➡ New users can earn up to C$1,520 in Cash Rewards on Moomoo Canada, using my link: j.moomoo.com/0...
Building wealth is not as difficult as it seems, but it does require patience and discipline. I've been on a wealth-building journey for a couple of years now, but I wish I had started much earlier. So in this video I want to share with you the simple steps to take to start building wealth. Even in. Canada, with sky-high living costs, it is possible, if you set your mind to it!
#livingincanada #finance #buildwealth
**DISCLAIMER: I am not a financial advisor, consultant, or real estate agent. This video is for entertainment purposes only and should not be considered as financial advice**
// Support my channel
Hey, if you’ve enjoyed my content, you can
Contribute a ’SUPER THANKS’ to this video
Buy me a coffee here: buymeacoffee.com/livingincanada
// My Book!
Amazon CA: a.co/d/ge71w4n
Amazon US: a.co/d/gL9ywUf
// ABOUT Getting ahead financially in Canada while enjoying life!
// Music I use: www.bensound.com
License code: DV37THEMWNEXG1BP
// AMAZON AFFILIATE LINKS (Canada)
DISCLAIMER: Links included in this description may be affiliate links. If you click on one of them and make an eligible purchase, I may receive a small commission at no additional cost to you.
Bedframe: amzn.to/3PMyFSC
Office
Foldable desk: amzn.to/44elIW2
Bamboo monitor riser: amzn.to/43fPBUo
Foldable laptop stand: amzn.to/438UMFK
Gaming chair cover: amzn.to/3pDUdGi
Chair wheels: amzn.to/3PJT8as
5lb dumbbells: ​​amzn.to/44jget1
Kindle Paperwhite: amzn.to/46QbHjF
Kitchen
Kichly Stainless Steel French Press: amzn.to/3uBlwmA
Brita water Filter: amzn.to/43eeUGz
Bodum water kettle: amzn.to/44gZmDo
Bodum French coffee press: amzn.to/3JNwH0f
Coffee grinder: amzn.to/3rk4Oqs
Mini blender: amzn.to/3NySc6c
Coffee ethical bean 2lb: amzn.to/3O4ft16
Entryway
Coat rack: amzn.to/3JOmoZX
Bathroom
High-pressure rain shower head: amzn.to/3JLLatR
Carbons shower head filter: amzn.to/3JMqkuf
Over-the-toilet cabinet: amzn.to/46AsruV
Shower drain hair catcher: amzn.to/3D2NGI9
** DISCLAIMER **
I am not a lawyer, not an immigration agent, and not a financial advisor or tax consultant. I'm just sharing my experience and knowledge in the hopes it can be useful to you. Please always do your own due diligence and research before deciding to purchase or sign up for any financial product or service!

[@kylere6288]

I have forwarded your videos to my nieces as they are getting started in their wealth building journey. Thank you for these basics - a nice consumable resource for people to get started!

[@LivinginCanada]

Don't forget to check out Moomoo, and make use of the welcome rewards end of this year! ➡ New users can earn up to C$1,520 in Cash Rewards on Moomoo Canada, using my link: j.moomoo.com/00CS1X

[@Antares-vj7su]

Enjoy your best years in a room with Netflix looking to a 6 months freezing weather outside the window while not having friends or dates because if you go out doing anything it will cost you 1 day of work. But hey you saved some money! Welcome to Canada :D

[@alex182618]

1:54 I would say, “To ditch a BMW in favour of Toyota” Apparently, Canada has similar retirement building tools to the US. IRA is RRSP Roth IRA is TFSA 401k is Group RRSP

[@tekuntt9228]

Yes it is a similar system. The only problem is the government printing money faster than the rate of normal people saving money.

[@LivinginCanada]

@alex182618 It's too bad many people are not taking advantage of those! And (some) driving their BMW thinking their rich when they're broke

[@alex182618]

@@tekuntt9228if this were even remotely factual, then a loaf of bread would cost 30000 dollars long time ago. Bread, more likely, would not even be available in a store, but would be rationed like 300 g per person per day.

[@NoName-zm1ks]

Agree, government getting creative with their excuses-no money for the peasants, but lots for the elites.

[@BooyouwhOoore]

Thank you!! I’ve always wondered what the equivalents were.

[@rajeshdetroja1672]

Many thanks for yet another informative episode on personal finance in Canada. It was a pleasure to meet and talk to you in person on Boxing Day evening. Wishing you more success in 2024!

[@LivinginCanada]

Thank you, I was glad to meet you guys and hear about your journey in Canada. All the best for your plans, and have a great 2024 too!

[@griceldamata]

Hello, I live in Canada how can i talk to you over the phone or wahapapp?​@LivinginCanada

[@RuslanZinovyev]

RRSP is not free money, you're simply deferring your taxes, and it's only worth it if you genuinely want to invest in your retirement. If you withdraw this money before retirement, you could potentially pay even more in taxes because your income will increase by this time. But RRSP matching is a free money for sure.

[@willietteseidi6637]

Hello Thank you so much for this learning, I really appreciate your content.it is very educational and practical. ❤❤🎉. I am going to put all of this advice and ideas into daily life. Thank you .🎉🎉🎉

[@MrGoodsalesman]

I got that beat, when I moved out I had a rommate and we had a one bedroom apartment, he had the room and I had the living room, mad saving!!!

[@LivinginCanada]

Great idea!

[@danutalucia]

The rising interest rate can surely control inflation, but won't prevent erosion of the eroding purchasing power of the Canadian dollar. I have learnt my lesson this time. The banks can't be making money off my money, while inflation eats into it. I have set aside 650k to invest in the stock market now, since that keeps up with inflation, but I don't know how to get started.

[@mayalucia-]

Investing without proper guidance can lead to mistakes and losses. I've learned this from my own experience.If you're new to investing or don't have much time, it's best to get advice from an expert.

[@LivinginCanada]

Personally I prefer passive investing for the majority of my portfolio (to active), and picked ETF(s) that had solid historical performance. But to beat inflation I believe it's not sufficient to invest just in the stock market.

[@Adrianaluca-um6ny]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@itwins3517]

I found myself a financial advisor/planner and we invested in 100% risk free "Market Link Term Investment" with up to 66% return and a 150% participation rate. If only I have more capital, the rate would be even higher. My financial planner advised how I use my money to invest and maximize return but minimize tax. I suggest you look for an independent financial advisor too but don't look for a bank financial advisor - they only advise what their bank offers. Btw, you don't need to pay the financial advisor. They get paid from the companies where you invest your money in. In my case, there are insurance companies.

[@rjmaas]

What worked well for me is self directed investing and taking advantage of dollar cost averaging. Keep investing on a regular basis regardless of market fluctuations. Then for asset allocation I use the formula: 80% SPY ETF + 10% yolo + 10% crypto. Yolo investments are individual stocks of companies I like. Sometimes it works and sometimes it does not. For crypto buy BTC, ETH. or any of the more reputable coins with some history like SOL. Just my $0.02. I am not a professional investment advisor.

[@greuser]

But the RRSP funds are not liquid and can't be withdrawn easily so while you're saving yourself from getting taxed, the money is not usable

[@LivinginCanada]

You're right in a sense that there are restrictions to withdrawing your RRSP funds. You can withdraw it tax-free only if you use it for certain purposes, e.g. HBP. The assumption is that by the time you withdraw your RRSP funds, e.g. at retirement (or you've reached 'FIRE'), you are in a lower tax bracket, as many retirees (not all of course!) no longer have income. That's why it's important to still have liquid funds elsewhere, non-registered, so you can access it anytime, and also in your TFSA, where the money you put in is already taxed.

[@mbahgugel271]

@@LivinginCanadaOpen Tax Free Saving Account(TFSA) first rather RRSP up to $ 95K as of 2024.

[@georgekobersi4075]

i totally agree with you when it comes to public transportation. it really saves a ton of money, especially here in Toronto. the big problem is that i was spending from 5 to 6 hours a day to and from work. this is something very bad, because time is so valuable.

[@leesmith3917]

WAIT UNTIL YOU HAVE A KID OR TWO.. THEN PUBLIC TRANSPORTATION IS A NO NO

[@ariy7712]

Public transportation saves money??? Its nearly 450$ a month minimum to use it for work and more if you need to do groceries etc.. there is no savings in that only a compromised restricted life to save $300 a month

[@Xachremos]

@@ariy7712 bro get a monthy pass why are you paying $450/month to take transit If I was able to get to my job in a reasonable amount of time by metro/bus I'd be paying $100 for a monthly STM pass, but I'd be saving my $360 car payment, $150 insurance, and $120 in gas. for a net gain of $530/month, plus ~$10k in equity in my car if I sold it tomorrow. Too bad I work in a weird part of the city that takes an hour and a half one way, so I need to drive there.

[@wesbrown738]

Good advice but everything in this video is for total beginners. Would love a more advanced video like cost benefit analysis of different cities and provinces and how to increase salary (making yourself more marketable) and or how to make money on the side

[@D4rkBl4de]

This shows you how insane the market is right now: I live in a 2 bedroom apartment since before covid and if I down-sized, I would pay a couple hundreds $ more.

[@eyeinfinite27]

My God! Asia is ONE and nothing makes me feel like that more than our inherent fondness for wisdom talk - from spirituality to discipline to financial intelligence. Thank you. 😊

[@tylerg8031]

Spend less then you earn is nearly impossible when food and rent already cost more then most people earn. Good advice though for people who are lucky enough to make more than a living income.

[@mohammedosman88]

Making more money us not only luck, its also hard work

[@barbellsandgames3721]

I was at 65k for years. Then Finally got the dream job making 108k. Had more time to start a business and am at 180k now. 4 kids. 2 jobs. Wife is a stay at home. Use your time wisely.

[@abdelazizsaafane190]

Thank you so much, very useful content !

[@robertrobert88887]

Hey @livingincanada. I have different question, when you see rent price on Zillow for example for rent, is it a final price for rent or you paying some additional taxes on top of that?

[@LivinginCanada]

Usually that would be the final amount!

[@007theluckyboy]

I already stay in studio. How can I further downsize 😅

[@RCML27]

You can live in a cardboard box in the street if you want to downsize more. 😂

[@freeleeson5879]

treehouse

[@Xachremos]

@@RCML27 that will still run you $1000/month in Toronto or Vancouver

[@datsme8986]

Thank you lodi. I'm a millenial immigrant here in Canada ❤️

[@Lis10er]

I wish I did this earlier! I wish I were younger and smarter like you! Knowing what I lnow now, I wish I could re-do the last 20 years! Since I can't, I hope to live 20 more years on top of my planned financial life to 95. 115 here I come...lol

[@mohammedosman88]

Great advice! Thank you. Been doing these except for 1st year in Canada I did not enroll in RRSP matching although it was 1:1 match !!! What a waste. Now I m maximizing all the deductions. Question for you: do you think someone making 53k maximizing their FHSA is worth it, I mean they are in a low tax bracket anyways right? They also have deductions for daycare expenses of around 6k. Or is it putting the 8k in TFSA makes more sense in this case?

[@LivinginCanada]

Thank you! That's awesome! I'd say it's still worth it to put money into your FHSA, even though your tax rate is low, as it's still taxes saved. Personally, if I were to buy a house in very near time, I would prioritize FHSA, because you don't need to pay it back, and there's a maximum you can carry forward ($8,000). 1. But I'd do that subject to already having a sufficient emergency fund, and also 2. I like to still diversify a bit just so that I have some options, so I'd probably still put some (portion depending on how much I need for the home, and how quick I need to save it) in my TFSA/RRSP.

[@mohammedosman88]

@@LivinginCanada sounds good. Thanks for replying.

[@kawaiimitchiko7669]

I have been following you😊😊😊

[@JAMGAR369]

Agreed it’s called living within your means, I have friends that spend money as fast as they get it and save nothing Fortunately I no how to save and invest,soon I’ll be able to live off my dividends and retire early

[@LivinginCanada]

That sounds awesome! Many people look for 'tricks' or shortcuts to financial security, but the hard truth is that it's earned dollar by dollar not spent on the wrong things and smart decisions. Good for you!

[@Robck27]

Not to mention the pressure from family with comments such as "When will you be acquiring a house" that hurts sometimes.

[@angelsanchezfamily]

Hi my friend , excellent video and ease understand all wit you, good job, thanks for teach us to build wealthy , all is in our hand, congratulation, God bless you and you family🙏🏽🤝👍🏽

[@obohisiborfavour]

Can you please share other investments trading apps you used and is trusted to invest money.

[@africansweetness346]

Thanks so so much for these insightful videos. So informative. Could you expand on non-registered investments accounts with WealthSimple? I have almost maximized my TFSA limit and FHSA accounts.

[@EsoteriaHealing]

We did both 1 and 2 from the very beginning. People judge us. Lost "friends" bz they are embarrassed to invite someone who will show up on a bicycle to their parties. Don't want to come to our place bz it's below their status. 🤷‍♀️ We have no social life because of this now. But we don't care as we are happy and fulfilled with each other.

[@LivinginCanada]

At least now you know who your real friends are! And made the right decisions for your finances :)

[@audiotech6513]

Nice video,,,,,,keep up the good work..for a 70 year old man how can I double my money thanks

[@LivinginCanada]

Thank you! I've just launched a video specifically on how to double your money this year, check it out!

[@benhaze1010]

Lots of good advice here but you need to stay realistic; be careful changing jobs in the current economy context because you feel entitled you should earn more money. Better be darn sure of your market value because otherwise it might set you back years achieving your savings plan.

[@magdalein2]

Where did you invest

[@cedriczheng]

Love your content! I just wanted to share a thought: for some of us with high savings, it's not that we don't care about investing, but rather we see it as a safety cushion. You never know when life might throw you a curveball, and having cash on hand for emergencies like house repairs or car issues is crucial. Being forced to sell investments in those situations wouldn't be ideal. To me, the peace of mind this brings is invaluable.

[@jayngo23]

I make $20 a hour living in Vancouver. Shit sucks can’t save enough to ever get ahead. Almost 35 years old

[@thaiter]

If you're physically fit, you should go into trades. Join a trades union and after 4 or 5 years of work and study you'll become red seal certified. Should make close to 6 figures depending on the trade.

[@nchulilidwine3403]

@@thaiterplease I need more details about the trade 🙏🙏

[@itwins3517]

LOL. I left Canada, went to a country with low income tax, became an introvert, lived frugally and retired at age 45 and finally returned back to Canada at age 55. If I only knew Canada has such great investment (but 100% safe) opportunities, I would've returned back to Canada sooner.

[@c.williams5815]

What do you think about investing money into a participating whole life insurance? Put money into it yearly for 20 years and then afterwards you no longer pay into it and it grows. Only difference, is that it’s a much larger amount yearly than putting money into term insurance.

[@BJJMTF]

Horrible idea.., make money the same way insurance companies do, by investing the over premium you paid… do math… math isn’t hard… or ask yourself, what do insurance companies and banks do with the money if they need to off set risk? Oh yeah… they invest the money… 95% for females making it to 65, and 90% chance males make it to 65… insurance companies are not dumb, they know if you live beyond they, they making bank on your over payment of premium

[@g1984AF]

I use my car to do uber so I pay the car with that. In my case getting rid of the car make a negative difference

[@ariy7712]

Nobody can get rich by compromising on car because the transportation system is not cheap like in other countries, transportation in Canada is expensive and weather is bad, you will not get rich by freezing on the bus station and walking home like a popsicle

[@g1984AF]

@@ariy7712 exactly

[@tylerg8031]

Most of us don’t have more than a few hundred a year to invest let alone thousands. We need the Liberals replaced to begin the fix our countries economy to even begin to get some financial relief to start saving, so unless you have a job with a pension these days there isn’t much hope for wealth of any kind to retire with unless you sell everything you have (house, vehicles, etc) and invest or stash it or move into tent like the rest of the country is. Sorry for the negativity but reality is reality.

[@amgsrilanka]

Since I am new to here, nice to learn something more from you.

[@stevey7059]

It might be easier to build wealth in the Asian countries but not there or here in Australia. First the bloody income tax is shocking, if you're single without dependents, you get taxed up to 46%. After paying heavy tax, you have some money left put into your saving account that incurrs interest, and they tax you again, it's like double tax on your every hard earned dollar. They even tax your super fund for retirement. Just any dollar comes into your bank account has to be heavily tax unless you it's cash on hand like those in the prostitution industry. Plus the laws and regulations here is so strict to hinder you from getting rich, unlike in Asian countries where you can always go around the laws to make big bucks. That's why many would rather be on the dole than working hard for nothing.

[@LivinginCanada]

Is there something similar to the RRSP here, where money put into that account is tax-free?

[@nestorluca3440]

Exactly! Taxes are ridiculously high here and there’s little to no benefits to justify them. Also, taxes on groceries and shopping wtf!?

[@robocop581]

​@@LivinginCanadaRRSP is taxed upon withdrawal. Usually 25%

[@5831a]

100% correct, savaged by the thieving govt your whole working life!

[@luvpui]

AGREE! In addition, our avg salaries as a professional here in Canada isn't high. I went to Asia and taught for two years. I got paid US$200 K per year plus they paid for housing, food and air tickets. And I paid 15% tax. basically, the money I earned, I got to pocket almost all of it. I took the money I earned in Asia and was able to pay off student loans and put down a downpayment for a 1 bedroom here in Canada. If I hadn't gone to Asia to work for those two years, I doubt I would be able to do it.

[@Shirley-v3g]

Think carefully about getting married and having a family !

[@robang01]

Do you use moomoo or wealth simple?

[@MsRickylynn]

thank you

[@LivinginCanada]

You're welcome

[@lakeline6317]

All make sense. If you want nice things, unless you are very lucky to get a very high-paying job or have a wealthy family, you have to make sacrifices. I have lived with my wife for a couple of years in a studio apartment in Sydney, didn't buy a car until I had my first child, and saved the maximum that I could to buy my first property. Now, 14 years later, we have 2 properties with an equity of at least 40% on each one. We are not millionaires, but we are above the average in financial assets for our age. Now is the time for saving again, the interest rates are quite high. Avoid the Credit Card Debts Traps too.

[@kyuel09]

what do you suggest for me under Temporary work permit? I asked about TFSA but the bank agent said it is not tax free for us under work permit (PS, im processing my PNP now)

[@BJJMTF]

Banks are stupid and don’t know what they are talking about. TFSA room is based off of residency in Canada and a time frame being within Canada… google it… everything is on the government website…

[@magdalein2]

Am a newcomer just received my PR with a food science background am trying to find ways to invest with a job of 19.50 per hour. My bank website has some information but for me its difficult to interpret please help

[@ryankattner9966]

But downsizing below three rooms can be hard when you have a wife and three kids

[@bushinono]

whats the meaning of living?

[@amgsrilanka]

Life like river.. Up and down. However, moving forward 🙏

[@xaiosheen]

What do you do if you put your 5000$ in and then the value goes lower than 5000$, do you take your money back out? Or move it to a different stock? What the value of what you choose does down instead of up over the years. Then you literally lost money and worth, instead of keeping it in your savings account at a never changing value. It's like everyone knows a secret list of all the signs to indicate when to put your money in, move it around, or take it out, and this gives people incredible anxiety and stuns their ability to make any decision to do anything with it.

[@danielramsey1536]

Is it snowing in Toronto

[@BSPEFI]

Nope

[@danielramsey1536]

When would it start to tho if u don’t mind me asking

[@JohnHausser]

Normally you should see ❄️ in January

[@M_Sajjad_05]

The crux of the news was that the Janitor died and left $8 million to “someone “, who may not be even thankful to him. Was it a good decision to live a tough life and leave this much behind?

[@sumitraiyani2099]

I would say it was his luck but if he would have lived he won’t be depending on someone else for his expenses and medicals when he’s old he would also have a peace of mind that he can quit his job any day it’s just how most of the lottery winners end up being broke because they don’t focus on earning part after having a big chunk of money in your pocket and in this digital era every single business around us is after our pockets if you observe closely. But having said that spend your money as you like after all it’s all yours and you worked for it

[@kovalenkoihor4325]

Tough decisions lead to easy life, easy decisions lead to tough life.

[@smwk2017]

Earn more; spend less. Buy low; sell high.

[@LivinginCanada]

Yup, exactly.

[@blackgrandpa7652]

I started to invest from age 20 into a target date fund and i started at 9.5% of my pay weekly at $8.90 an hour 33 years later and $36 an hour contributing 12% which is the company match i have 500k dollars in my retirement fund which is on pace to reach 2 million when i retire in 11 years god willing

[@Thebahamas187]

To be honest you need a vehicle in Canada I live in Alberta and I can tell you it get super cold plus a lot off jobs require you to have a vehicle

[@Michael-tn9wp]

Financial literacy must be taught in schools. It’s a disgraceful con that it’s often not part of the curriculum.

[@julieb3581]

Better to use Wealth Simple, zero fees for Canadian stock!

[@aselvais]

This is why you don't need a financial planner... just watch this vid or others like that on youtube ... (OK yours is better than others: exceptional communication skills... and obviously nice to look at... ok I got creepy there :) ... but seriously, again great job :) )

[@LivinginCanada]

Thank you, I appreciate it! Just explaining the very basics, as I'm still learning myself, but I believe it comes down to that. I would definitely get a financial planner's help for more advanced financial acrobats :D

[@aselvais]

@@LivinginCanada Of course ... a license is needed to give "official" financial advice... now as an employee there is not much to do but using the RRSP (and maybe TFSA) ... having a business opens the door to way more optimisation ... but this is another story

[@cryptojohnny7781]

Mortgage is good debt. Thanks for the vid

[@valueinvestingcanada4259]

I would give one suggestion to the young or new comers: Investing into Canadian banks. If you have a 10000 paycheck per month, make a plan to borrow 10000 every month from Royal Bank( or any other bank) and invest the money into Royal Bank stock. In 10-12 years, you will reach the first one million milestone, in 20 years, your investment income will be higher than your salary. Canada is a capitalism system, you need to learn and understand how to become a capitalist, this strategy is the very basic step to start, of course you can do better if you are smart.

[@ariy7712]

The average paycheck in Canada is 3k. And anyone making 1 million dollar will pay more than half of that to CRA in tax! So where is the great plan here? Only the government keeps getting rich ,nothing else.. take from the rich and give to the government is the plan.

[@Robck27]

I would love to join the rerirement plan but is only for residents, will try it in 2 years when I am resident. In Mexico we also have this figure and is offered by most bank institutions.

[@DharmYogi]

you forgot to tell people to contribute every week or biweekly and not throw in all 12000 each year at once. this is the BIGGEST mistake people make

[@xaiosheen]

When do you recommend to take all your stocks out of the market and put them back into your savings account? How much % do you take out of your stocks if you are scared there will be a stock market crash like 2008 where everyones money just vanished? This is why millennials keep their money in their bank accounts.

[@yvanjean1981]

The market should recover within 1-2 years; but if you never save, you can miss out entirely.

[@t4nvir424]

sister telling the obvious things

[@fasanuma]

👍

[@AvgJoeCda]

All basic knowledge. Nothing new here.

[@GuiltyNoticer]

Its so funny that one of the main contributors to the cause of unlivable-ness in Canada is making a 'shocked pikachu face' about people leaving said country.

[@quilmes99]

Need to make a cool $3.2 trillion dollars by tomorrow. Any tips? Just kidding. Love the advice and the key is to start doing this ASAP. Appreciate your content!

[@is-sam]

YES, start saving, live a miserable life, smaller appartement, no car, little enjoyment, and you'll become rich by the age of 50 lol No way for me, I'll just live a correct life, and work on my business to generate more money

[@manofsesame3024]

The first half of your comment is actually the life story of Warren Buffet.

[@is-sam]

@@manofsesame3024 Good achievement but not an example for me personally :)

[@carpentryfirst3048]

This was always my thought. I'm almost 40 now and realizing I have 25 years left of I wanna retire at 65. 3 kids and a wife I have to support for the rest of my life and beyond. Wish I started saving right out of highschool.

[@canpin]

Doesnt have to be "miserable", moderate is more like it. YOLO thinking will be miserable in the end

[@is-sam]

@@canpin My way of thinking is work on increasing your income so you don't have to live frugally

[@Tsunad360]

Dude her first phrase, "if a janitor can do it" sounds very disrespectful. People washdishes or labor intensive job like garbage disposal, this in no way makes it reasonable to look down on them.

[@YoonJintae98]

Im new to Canada, if any local born people who don't know all of this, you have lived good life and you deserve to be poor when you are old❤

[@LivinginCanada]

I think most people know, but knowing is different from putting into practice... I hope that some people get to watch this and do what they already know deep down they should.

[@BSPEFI]

@@LivinginCanadanot sure if your seen my prior comment on your other video. See below. Please be more careful with your location. I found your listing in 2 mins. Granted I live in Toronto so it was easy but please be more obscure especially as you grow

[@LivinginCanada]

Thanks for your concern! I deliberately changed some important details in the info, so the listing you found is likely not the actual location.

[@YoonJintae98]

@@LivinginCanada as a newcomer to Toronto, its a hard life, whoever is deciding if this is a good place to grow your family, come and see the real hardship for yourself. I was in a corporate management position in Korea and used to travel between Japan, China and Vietnam for work. Here, you need 'Canadian experience' to land a low entry job if it wasn't for my connections. I cannot speak for all of Canada but I already saw too many gullible people ditched their decent jobs back home for a garbage life here. Goodluck, you will need it, a lot.

[@xaiosheen]

It was a good video but like not much substance? What are the actual instructions and steps. Break it down into a recipe. Take 5000$ and put it into what? How do you pick which ones to put it in? Are there any that are so low risk that it's like common knowledge and you're dumb if you don't? What ones are the least of a gamble? What do you do after one year? How do you get your dividends? What types of investments should you go with? Who do you go to for financial advice? Should you trust a bank or trust a private accountant? If I were to give you $5,000.00 a month, make a list of exactly what you would do to grow it over 10 years. Make that list, and give me that list as a video. The point of this is to help people so just give them something they can literally just copy and follow as instructions. "I wish I did this earlier". Did WHAT earlier? This is what is frustrating about videos like this. You probably do more damage to people by being so vague and it's dangerous without an exact set of steps from 1 to 100 or whatever.

[@FreshNFitBoys]

差し支えなければ、あなたは日本人ですか？そしてあなたは30代前半ですか？

[@LivinginCanada]

I'm not Japanese :) Thanks for the interesting guess!

[@aduckquackquack5783]

Absurd. Step 1: become prime minister Step 2: setup shell companies to pay no tax Step 3: get reelected. But kidding aside; wealth is not defined in worthless Canadian dollars which lose value at a current inflation rate of 10% per year. Good luck even with a 1000 side hustles.

[@knowledgeseeker5499]

Two options: 1) become politician or 2) Bankers And 3rd keep best lawyer under your wings Thats the way to change your life for wealth 😊

[@thegoldenratio8127]

“You were hiking or what?” Think before you speak goofy

[@manofsesame3024]

Another tip is to be pretty. Then you can easily gain views as KZbinr even if your contents are meaningless at all.

[@Robck27]

I especially liked the very last piece of advice (RSB Matching) Back in Mexico in my job I also had that kind of benefit on which I got to decide how much money to put in my own "savings account" and at the end of the year they would deposit me that years return of investing. Back in my country I invested a lot so I am looking for alternative platforms here in Canada (I know which ETF I used to follow).will try moomo. I know this channel is not for that but would be awesome to see afterwards topics such as personal finance (I personally have an "emergency fund" which is liquid money I can use worth 3 months in case I lose my job/other incomes. Nywsy thanks again and great channel!! I am already in Canada and your videos have been great!

[@LivinginCanada]

Thanks, happy to hear that!

[@AL.BUNDY.]

Live modestly within ur means. Invest early and often in life. Do not carry any high interest debit (such as credit card debit). Be loving and respectful to ur spouse. Did I win?