Leaving Dubai 🇦🇪 As Broke & Being Wealthy In Canada 🇨🇦 | Wali Khan Dubai Podcast

[@WaliKhan_2k]

📌 Enroll into the live cohort: walikhan.my.canva.site

[@backermax9225]

Wali...thanks for posting this one. I too made more wealth in Canada not in UAE...as your guest said..mindset really matters. Pl share your email address. 👍

[@sameerasghar1000]

Give zakat and sadka... it will bring baraka in your wealth and will grow with the help of Allah

[@anotherchannelyetagain]

🤦🏽‍♂️

[@mahiwalpeerzada6723]

😂

[@CyberDence]

True ❤

[@SwissExplorer_Official]

Thanks for your magical advise. May Allah swt bless you with alot of londis👙

[@fgk0001]

100 % true

[@wasif18]

I couldn't control my spending in Dubai so I was paycheck to paycheck. But I learned financial management after moving canada. So now Canada rich, Dubai poor???

[@MalikaM]

Truth bomb

[@taimuraziz3135]

Imagine if you learned money management in Dubai. You’d hit your FI number 4X earlier. It’s about mindful living, spending and investing. Agnostic of location. The mindset shift is what enabled your transition. Not just the geography/ surroundings I’m assuming?

[@wasif18]

@taimuraziz3135 That's the point of my comment.

[@kachrachi]

Well said

[@indianindian5936]

@@taimuraziz3135 Thanks for your comments, could you please elaborate on the word educate yourself financially. everyone say and not guiding on how and what to be educated on. Appreciate a brief of the meaning and KZbin links for useful practical case study videos. Thanks in advance.

[@hasanbhai1992]

It's not about changing country. it all depends upon your type of work, your abilities, and how smart you are.. when you reach your satisfaction level, then you'll be able Evaluate life. Whatever you do wherever you go, just don't run for money or follow people only, follow your dreams, and always look for peace, which gives you true happiness..

[@sep11guy]

75k aed is approx 20k usd which is approx 240k usd / . 881k aed a year . In sfo USA a good software salary is approx 200k usd . Using PPP purchasing power parity , 200k usd in USA needs approx 470k /aed a year. And this person was earning double that at 881 k , and says he was living pay check to pay check , so the maths is not adding up = this person was living a ridiculous showing off the Jones’s life , he wasn’t managing his cash properly.

[@hasantahir3926]

@sep11guy or maybe a significant chunk was school allowances, etc? Like 20K per kid? He mentioned all inclusive.

[@wasif18]

@hasantahir3926 tl dr, he didn't manage his money well when in Dubai and got cought up with "keeping up with Jones'" mentality. He fixed this after moving to Canada. And now preaching Dubai is bad Canada is good.

[@rizvi921]

Or he wasnt earning 880k AED per year and just lying

[@EcoMoney.]

As an Indian, it’s so great to hear Wali and Behroz , both of them extremely smart and honest to share their experiences with world🙏 I have lived and worked largely in India with above avg salaries and an year in Dubai and can vouch that each and every thing stated by Behroz ( & supplemented by Wali) is gold.

[@munaibtariq7679]

I must say that a lot of us living in dubai can relate to what you guys discussed in this session - thoroughly enlightened after hearing you guys - keep posting

[@immaduddinkhan]

I see this as highly subjective. Yes, the lure is real. But only if you are extremely diverted from your main goal. You need to be sure of what you wish to achieve. It's not always about monetary wealth.

[@vitr0n]

23:11 we are listening… Quite transparent and knowledgeable podcast ❤

[@arsalanmustafa1563]

True, knowing yourself and your experiences that shaped you is most important when looking at financial decisions. The psychology of money is great book in this regard .

[@venlafaxinedomperidone8377]

I’m sorry to say , if 75k AED was not enough I dont know what else will. Maybe he didnt know how to save

[@mnjagha84]

Excellent presentation. I Guess among the 3 best podcast I have listen to in last few years. Thanks a lot for being so open and transparent. God bless, Jeete Roho from Toronto

[@SarwanThebo]

To be honest this video has got nothing to do with living in Dubai, Toronto or New York. The whole point of this video was that I educated myself financially and I started making money. Nothing to do with where you're living. I came to Dubai with 700 dhirhams in my pocket. Today I make 150k per year passively. With Pakistani passport. It's about the mindset not the geography.

[@indianindian5936]

Thanks for your comments, could you please elaborate on the word educate yourself financially. everyone say and not guiding on how and what to be educated on. Appreciate a brief of the meaning and KZbin links for useful practical case study videos. Thanks in advance.

[@SarwanThebo]

@@indianindian5936 start with Rich Dad Poor Dad and the cashflow quadrant he explains in his book. Don't watch his videos. Just read this book. It'll give you a good headstart.

[@AnGELsPearhead]

Absolutely! A shift in mindset is key. Dubai has immense potential for those who think with an investment-first approach. Adopting the 50/30/20 rule-allocating for needs, investments, and savings-can truly set the foundation for financial growth.

[@RumaisaMohani]

Make a podcast about Saudi Arabia, where i saw most peaceful and relaxed people. They have accumulated required wealth, property back home, easy living, etc. Better than Dubai, but not much awareness about it

[@smartberries]

This podcast was an absolute treat to watch. Wali thank you for inviting such a knowledgeable guest. Please do another podcast with Behroz where he could share his perspective about his life in USA as compared to living in Canada, and did he ever think about moving back to Canada or Dubai in the long run? Also if there are any insights he can provide on moving to USA while leaving the real estate assets active in Canada (any pros n cons from tax perspective?). Cheers!

[@Nishiskitchenrecipe]

Thanks for guiding us

[@AliAlLawati-i4u]

Hi @Wali Khan, thanks for hosting this channel. I salute you for your perseverance. Regarding this particular topic about building wealth as well as compounding in general. It is my opinion that there is a major disconnect between financial literacy and sharia law. It’s about changing mindsets by addressing halal/haram issues within Muslim society. Compound multiplier’s are traditionally interest based. Secondly it’s an “appetite for risk” in reference to you can be a great employee but for personal finance it is the fear of the known (misinformed) that prevents one from investing etc. This is a long discussion that cannot be illustrated here via a comment. But I hope you get my gist!😊

[@bashh568]

If you know Wali from these videos, he won't, and shouldn't, comment on these religious views. They are highly subjective and this channel is broader than a certain religious group

[@fgk0001]

So Wonderful podcast with behroz bhaiI learnt a lot keep it up wali bhai 👍

[@backermax9225]

Good one 👍 earning more wealth in Canada than Dubai is very much possible but not for everyone. Individual mindset really matters there 😊

[@saeednizamani1838]

Excellent video.... we want more videos like it. Amazing

[@Pak2UAE2Canada]

I always love watching you guys.

[@rizwanaftab188]

Some good insights in this video. Regarding the RESP grant by govt of Canada.. government will match your contributions by 20%, up to a maximum of $500. So, you’ll need to contribute $2,500 a year to get the full grant of $500 each year. The lifetime CESG amount that can be received by one beneficiary is $7,200.

[@navedrizv]

at 75K AED, living pay check to pay check, not sure what were you doing.. then you go on blaming Dubai for it. huh

[@faridanausherwan4211]

@Bahroz, the same tax conditions apply here in the UK. I’m working at an accounting firm after a long break to raise my young family. Some of your tips are very useful and definitely apply to my situation. Fortunately, I’m not someone easily influenced by others’ spending habits, though that might be due to my age and culture here in London. Tax saving rules and almost similar in the uk even deferred tax of pension. Capital gain in very high but best to buy bigger residential house instead of opt for buying to let property.in terms of investing in stocks market I’m little bit apprehensive about it and always heard from teachers etc never invest in that. Please guide about it .

[@bahroz]

Thanks… you’ll do great.. once you know thy self

[@sfdcwallah1]

Is it re-uploaded?

[@munazzaajmal2610]

I totally disagree with Mr. Behroz. Its your lifestyle and you can control everything without being carried away from others.

[@hasantahir3926]

75K AED lets be realistic y'all he was the divisional CFO not everyone reaches that title & most importantly he completed his MBA in 2006 I was in grade 5 or 4 at that time so if you're offered 25K AED that is still a decent amount after 4 5 years of experience. Yes P&G might have a higher salary band after a decade at one mnc you might reach that score as-well. A more realistic comparison would be; how much was he making at P&G Karachi:)

[@moizjamia]

when you withdraw money from your RRSP, the entire withdrawal amount, including both your original contributions and any investment growth, is taxed as ordinary income at your current marginal tax rate.

[@AnGELsPearhead]

A shift in mindset is key. Dubai has immense potential for those who think with an investment-first approach. Adopting the 50/30/20 rule-allocating for needs, investments, and savings-can truly set the foundation for financial growth.

[@shahnazrasool2172]

I would like to add- in Canada, RRSP is to be converted to RRIF at age of 71. There is a min. Withdrawal without tax penalty. This amount will be added to your regular in income. Please add this info

[@Popo-y3p]

Asak Wali bhai. I’m a single mum of 3, aged 43 in Khi. In 2 yrs: my gold up by 2x My 3 properties in Bahria Karachi depreciated considerably. My spare car’s value up by 1.5 x I’m considering selling off the properties & spare car & buying gold Your 2 cents please.

[@ahmadnoorkhan2946]

Do we have a tutorial to understand mutual funds and how to get started

[@zubbubaba8548]

How about investing in 4th kalima & getting a return of 1 million which will never finish/lose

[@abaa9218]

If you are not happy with 75k in UAE , well you cant be happy anywhere with any amount given... nothing said can justify this utter nonsense. You can have a well off life with half the money this guy was earning.

[@sameed1060]

While I disagree with some of the comments and logic, most of it is true being smart with personal finance in North America you can save a lot of money For US residents The RRSA equivalent is 401K or 403B The TSFA equivalent is IRA/Roth ITA The RESP equivalent is 529 savings plan

[@amberbashir2503]

Right sir I am belguim country same people living in safe money 😊😊😊

[@farameen_mola_ali_a.s]

I think in ETF SIP is the main points.by the way good podcast

[@SoloFlights]

Can you please make a short video on. 1. What are the ways of transfer money from Pakistan to Canada for newcomers. 2. What are the best saving accounts with best profit rates in Canada for newcomers.

[@muhsinalbanna5248]

While being a high-earning employee can bring a sense of success and achievement, it’s challenging to reach true wealth unless you’re in a top-tier C-suite position at a major global organization. As income increases, so do expenses, and even if you save a portion, it often doesn’t translate into substantial wealth accumulation. For instance, saving 30-35k AED per month might add up to around 300-400k AED annually. However, even a moderately successful entrepreneur or small business owner has the potential to generate much more than that, with the added advantage of building an asset and equity in their business. In the long term, entrepreneurship often provides a more scalable path to significant wealth.

[@WaliKhan_2k]

@@muhsinalbanna5248 100% - this is the reason me and Bahroz are on agreement and started our KZbin journey. It’s never been easy to start a scalable business than with all the platforms that are available.

[@universalhub3.065]

Wali bhai Is lulu ipo worthy to invest? Please reply

[@WaliKhan_2k]

@@universalhub3.065 I mentioned before too - IPOs are inherently risky and a successful IPO in any case will not get you the amount of stocks that you are eyeing for. So if you are really into the company, you can buy the scrolls even after IPO.

[@sid.kavalu]

Great insights, but you cannot offset business losses from your personal income tax. They are seperate entities. CRA will eventually audit accounts and we have to pay back taxes with penalites.

[@bahroz]

You can… I have consulted tax accountant on it.. as long as it’s “sole proprietorship” you can

[@rizwanaftab188]

@@bahroz I guess you mean sole proprietorship. If registered as a sole proprietor, can you put those expenses/losses in your personal income? Pls confirm.

[@bahroz]

@ yes a had a typo

[@sid.kavalu]

Would you be willing to share your tax consultants details? Would like to work with him.

[@jazibghafoor]

Seems bit confusion. Please clarify. In Canada, you cannot directly offset employment (salary) income with expenses from a sole proprietorship. Canada’s tax system separates employment income from business or other income, so you can only deduct expenses against the income earned within that category, not against income from employment

[@ShahzadUmar17]

Great you are

[@DanZL1]

Great podcast @WaliKhan_2k and amazing honest insights from @bahroz‬. Thank you for spreading the knowledge!

[@DanishHasan1]

They have to save in Canada because they don't earn a lot. This guy probably wasn't educated enough to save when he was in Dubai.

[@aliahmarfinance]

Please mention complete name of the guest

[@khattak99]

AED75K a month is not unbelievable in Dubai although only a minority of the top managers may be drawing that much. However, I can't wrap my head around the fact that Behroz still lived paycheck to paycheck with that kind of money. I know people living OK in AED10K a month. There is a lot financial management that needs to be done to make the most of your wealth, and I can tell you that 75K gives you a lot of room to do that. Also, I believe that whenever Muslims give financial advice, halal investment advice would be a default, right?

[@eqbalkan]

someone who earns 70+k in Dubai and gives advice on savings and investments is a big joke.

[@thecybersecguy1]

One element is missing from your video brothers. I don't see the importance of the real compounding and exponential effect by putting your "Islam" first before anything. Hence, whilst doing investments, are you really making your investments as compliant to the Do's and Don't of Islam? Is it really ethical investment? If not, then you might get short term gains, but there will not be any Barakah in your life or wealth, NOR you will face your Lord with your head high. Please consider. Quality versus Quantity.

[@AutofixSquardDubai-i9q]

summary: don't get fascinate by others. Even you are earning well, keep in your limits and focus more on investing (even signal penny) rather than spending on luxuries and teach your kids value of saving /investment as well.

[@timeknowledgeselfimproveme6778]

Dubai mei 2cr inr annually with zero tax,you are unable to save,so you move to Canada to earn same amount of money and save 4times money in 5years what's the logic,for same lifestyle you will end up spending more in canada, in canada you read all tax laws and how to save money and in dubai you earning 2cr annually didn't know anything about how to save money.lesson learnt: country change karna is not the solution, solution is how to save money, budget, financial planning,ask your parents they will guide best maintain expense sheet with expenses of 1000diram be tracked, Hire accountant,CA,CPA for 10,000rs and will guide A-Z,

[@sfdcwallah1]

Muslims specially not really like financial planning maybe due to emotional pressure n all but it's needed the most.

[@nethostinc.1670]

Your guests fatawa on real estate investment is totally wrong; particularly in US. I am happy to discuss the benefits

[@koool123ify]

I listened to this Pod cast, i really could not figure out what this person wants to explain. Dubai is a different domain, and Canada is different, and the US is the mixture of both countries. The real reason People move out of UAE is the Passport and stauts change in their life and their children life. No matter what amount of money you are earning here in UAE you are empty pockets at the end of day and it applies to job oriented person. But i have seen business owners here and they enjoy money and leverages here but they put efforts to grow their businesses. Understanding Taxation and financial management is totally different from the earning Money. If this is the Funda only educated people would be rich in the world but i have seen many uneducated People earning hell lots of Money.

[@imranniaz1890]

And i am stuck in wrong and the most important decision of my life.

[@kapurep987]

There is no logic in Dubai salary 75k per month (which is not believable in this case)and insecurities, worry for Nissan Patrol purchase sorry total B.S Dubai is comparative new modern city with epitome of luxury which everyone is comparing with well established big countries like US, Canada n Australia

[@allydxblife6476]

70k AED salary and he left Dubai to canada to US 😂 your podcast is like kamlash dunh dunh

[@cmesilver7423]

Please stop giving negative thumbnails about Dubai or UAE....Pakistanis are not being given visas now for making such negative vlogs. DH 75,000 and he couldnt survive...unbelievable....the salary range he has quoted comes under the excellent bracket....he cud have lived their like a lord....wonder how much truth is in what he is saying.

[@WaliKhan_2k]

lol

[@alizaheer9059]

He doesn't have basic sense. He is just a big mouth. He is making up stories to impress the audience.

[@Takeitlightly6]

Which company is paying 75k a month? Introduce me to them please.

[@travelboom237]

His father company...! 🤪🤣

[@limkasod]

Basically talking about side income

[@ZeesHanMalik-yp9li]

@WaliKhan, this episode is incredibly misleading. The guest claims to have earned AED 75,000/month in Dubai yet lived paycheck to paycheck, blaming it on Dubai rather than acknowledging poor financial management. If someone can't manage their finances with that kind of income, the location isn't the problem l, they are. On top of that, dismissing real estate as a bad investment is laughable. Real estate has consistently been a wealth-building tool globally, including Dubai, where property investment can generate significant returns if done wisely. You have a responsibility as a host to bring on guests who actually understand financial management and can offer real value to your audience. Otherwise, you're just amplifying baseless opinions. I suggest a future episode featuring someone who has successfully navigated Dubai's financial opportunities to give listeners a balanced perspective.

[@mehmoodabegum7823]

Hi! U should take my interview, I started my career in Dubai. From zero to multi millionaire

[@shabbir1282]

i like to watch your podcasts but they are too long. there is a lot which isn't directly related.

[@nancyflores1787]

Thank you Lord Jesus for the gift of life and blessings to me and my family $14,120.47 weekly profit Our lord Jesus have lifted up my Life!!!🙏❤️❤️

[@laurawilliams713]

I'm 37 and have been looking for ways to be successful, please how??

[@nancyflores1787]

Sure, the investment-advisor that guides me is..

[@nancyflores1787]

Elizabeth stark

[@AndrewMikel-js7qb]

Same, I met Elizabeth stark last year for the first time at a conference in Wilshire, after then my Life has changed for good.God bless Elizabeth stark

[@sarahmark7682]

Her services is the best, I got a brand new Lambo last week and paid off my mortgage loan thanks to her wonderful services!

[@hash9863]

مستقبل میں روبوٹ اور لالچی لوگ ہی کام کریں گے ۔لوگ اگر اتنے پیسوں میں بھی مطمئن نہی تو یہ دنیا آگے والی نسلوں کے لئے باقی نہی رہے گی

[@aziztajtaj355]

Hardly one percent of Pakistani expatriates get a salary of DHS 78000 per month!! In Dubai and he is referring Baba Bhule Shah _Come on Ghar wapas AAJ AO tumhain Kuch nahee kaha jagahe ga!! instead of being depressed and lonely in USA ,!!

[@hasantahir3926]

1% might be a stretch. Maybe 0.01%.

[@WaliKhan_2k]

@@aziztajtaj355 why not be in top 1% - or best, if we can work on something on side if 9-5 is not providing what we are looking for.

[@faizal2130]

19:32

[@brettharris-i7b]

So you were crap woth money on dubai when I were making tax free money then you learn how not to be crap woth money and move to a country and give 50% of your money to the government.. reat work..its nothing to do with dubai,its to do woth discipline with money..I've lived in dubai for 20 years and have made generational wealth here..

[@allydxblife6476]

Because of you guys Pakistani not getting visa UAE is amazing country

[@WaliKhan_2k]

@@allydxblife6476 lol

[@hasaneffendi5319]

Totally waste of time by listening to this. Not true and misleading

[@anassohail7347]

Is he mad

[@rafiqueroshan]

Why ? What makes you say that?

[@anassohail7347]

@rafiqueroshan I mean 72k is tooooo much

[@WaliKhan_2k]

@@anassohail7347 too much? So?

[@gunsvivre]

Dubai does not have basic road transport system accessible in all areas, dubai does not hai drainage system and dubai is over crowded and unplanned city

[@anotherchannelyetagain]

Learning 1. Have good , smart, rich , financially responsible friends / people you associate with Learning 2. Don’t have kids unless you have a trust fund of $1m per child. :)

[@anotherchannelyetagain]

Lesson 3- have a tax advisor Lesson 4 - KNOW the fucking market and how to invest. INVEST in the highest yield possible knowing your risk appetite. All things I already do. Good generic advice, love to see it.

[@anotherchannelyetagain]

Lesson 5 - work in a high paying job. Aim for $2000+ for Pakistani based jobs. (P&G, Unilever, some banks , some software houses etc pay higher than this - aim to become elite ASAP. )

[@hmz847]

Talking about finance with a guy who doesnt have control over his finanace and bought a car because his manager bought it. This itself is a disaster. Wali bhai, please have better financial advisors come in. I watched the whole podcast to figure out that behroz is money poor. He can rant all he wants but man has zero self control. If someone can't live in 75K AED, they need a therapist, not a fianncial advisor.

[@hmz847]

Also, for the Birthday parties, I've lived in Canada and UAE both and in a pretty decent income bracket - Fact of the matter is that kids won't like a lot of things. However, what's the point of being a parent in that case? I swear there are so many issues with Behroz. I don't want to sound rude but this is a clear case of bad parenting!

[@naveedalam6410]

Dubai is nothing Infront of Canada and USA.

[@qmehmood123]

Now because of Canada economy u wil be living in a tent 😂

[@arslangsa5953]

Har jagah ki waelth dekh li hai. Sab dekh lia hai isne. Wah wah wah. Such a bullshit

[@sarfarazahmed9700]

Thanks be to Allah, Allah Almighty has also blessed us a lot, but the kind of talk you guys are talking about, doesn't it show that your family background is very weak. You are ruining the lives of young people. People don't talk about their struggle for their career. These minicars and so-and-so are so careful. Don't ruin people in this way. You don't ruin your family background. If you are, you are what you are Do better yourself for children, don't play with people's lives by talking such nonsense

[@WaliKhan_2k]

lol, such a long text without the message to be conveyed!

[@thedesicoder6391]

Also why is it assumed for good that S&P 500 would return 10% in perpetuity?

[@Photon-1927]

Before jumping to conclusions one should first build financial common sense and understanding of savings and target. Dubai is not responsible for your greedy nature

[@zertexz574]

Interest is Haram therefore so many people stay away from compounding concept .

[@thedesicoder6391]

Mr. Wali - I live in the Bay Area and your guest isn't making the right comparison when it comes to stocks vs real estate - He's missing the angle of leverage and the capped property tax rates especially in CA - Furthermore, a diversified portfolio should consist of stocks + real estate - Your guest did a very superficial analysis.

[@happy2much]

Jesus Christ is Not God but a Messenger of God sent only to the people of Israel for that period and that time

[@thedesicoder6391]

your content is just parroting info from dave ramsey and ramit sethi - The business class/rich-life is just what ramit sethi preaches... come-up with something original..

[@thedesicoder6391]

Sheer nonsense - Your guest will get folks in trouble with IRS - reporting losses on consecutive years for a side-business/LLC bring IRS attention and an audit .. bahi mujhe bula loh show pe.. yeh bewaqoof sab ko marwaey ga!