Pay yourself FIRST | How budgeting helped us save & invest $300,000 😳

Moving to a new country can be challenging. There are new places to visit, new people to meet, and a whole new culture and lifestyle on us. As newcomers, it is hard enough to find a job and start a career. We've been trying to find ways to save money and settle in this new place. But after all we realize we need more than just money to build our lives here. We need financial freedom, so we set out on the somewhat challenging journey of budgeting ourselves - and some amazing things happened...
Rule of 35 and other Money Calculators :- www.growwithnav.com/moneytools
Time Stamps
00:00 - Intro
00:35 - Contents
01:04 - How do most people budget?
06:34 - Save or Invest
08:55 - How to budget the right way?
10:07 - Budgeting after buying a house
11:59 - How we did it?
20:35 - Summary
Download the money tools (Budgeting): www.growwithnav.com/moneytools
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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 real estate 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.

[@ankurperiwal9704]

Great Stuff!

[@vancouverdiaries738]

Thank you sir!

[@ameeksarkar8295]

Truly inspiring. And the numbers make it so clear and real as always! Thanks for sharing Navjot!! Hope to join the Founder's club soon.

[@growwithnav]

Thank you

[@dinalrabari8343]

Thanks for keep inspiring to save more 🙏. We have to secure a good amount for down payment before you get too busy with so many deals and stop taking more!! I'm afraid we'll get excluded from your guidance while buying our first 🏡!!

[@growwithnav]

Always available for you :) Book a call when you are ready 😀

[@ManjotSingh-zz3ij]

Breaking the barriers of disclosing the salary as always. Inspirational!!!

[@growwithnav]

👏👏

[@hariennekat5951]

Good content. Keep them coming.. 😊

[@growwithnav]

👏👏👏

[@ashleybrar]

Make a vid on how much house can one buy?! Investment property.... Everything about income to loans And hardmoney loans too !

[@growwithnav]

Hey Karan, how much house - I have actually talked about this in my past videos… will soon make another

[@mmohammed3695]

Your content is very good, please make something on insurance, how much to have. All types of insurance(s). Must have, good to have etc.

[@mihir40]

I moved to Regina last week from India and I can say that even here also rents are shooting up. Also, I guess in first month one will end up spending more to setup a home, deposites etc.

[@growwithnav]

True

[@danialhassan1691]

I appreciate you man for all of your struggle. You deserve this, really inspiring.

[@growwithnav]

Thank you 😊

[@shareefhussain5214]

Really great info ! Thanks for sharing that. A quick clarification - when you were using income for your calculations, is that the income after taxes ? or is that the gross income ?

[@growwithnav]

After tax for employment income Before tax for business income

[@shareefhussain5214]

@@growwithnav thank you for clarifying that

[@aasishthomas6992]

Awesome stuff Nav!!

[@growwithnav]

👏👏👏

[@_vishalpanchal]

Amazing content. Thanks for sharing Navjot.

[@manojkumar-sz6xv]

👍 not only for this video but for all the future videos also, whenever I come to Canada I will meet you.

[@growwithnav]

Thank you 😊

[@SonamSingh-ys6kx]

Amazing - such an inspiration.. love your content. 😊

[@growwithnav]

Thank you 😊

[@maitryshukla5758]

Not able to find budget calculator in description. Please link it in comment if possible. Thank you. Really appreciate your efforts.

[@growwithnav]

Just linked it - sorry for missing it

[@jiteshsoni3030]

This level of transparency needs another level of confidence. BTW, I love the glowing blue graphics in the end

[@growwithnav]

Thank you 😊

[@morzariadeep]

that is some crazy money that you're making😅....Happy for you !!!

[@growwithnav]

Thanks Deep!! A lot of people make it - very few teach others how to do the same 😀

[@akhlaqaghwani1917]

Fantastic video. Very inspirational

[@growwithnav]

Thank you 😊

[@ManjotSingh-zz3ij]

We are being told not too disclose your salary varna Nazar lag jayegi😂 Breaking the barriers. Great content and inspirational. Hope to join your founder’s club some day !!

[@growwithnav]

Thank you Manjot :)

[@manishsapra8494]

Brother hats off to the transparency, not everyone can do that. I like the idea of being surrounded by like minded people. Is there somehow I can be a part of the founders club even if we don't plan to take a mortgage yet?

[@growwithnav]

Thank you! :) There is no way for now - but hopefully soon 👏

[@jaimesmith1086]

@@growwithnav Everything's possible if there is a will & intent to do so.

[@riddhitrivedi4832]

can u say how much % of income is coming from Renting your property you own

[@growwithnav]

Not counting that. This is all earned income with different businesses and Simran’s contract job.

[@morzariadeep]

you should make that video on side hustle/how to make more money....would be interesting to know your thoughts.

[@growwithnav]

Soon

[@mankymayank]

Can relate to this video completely. Thanks for creating good content and reminding us about the basic norms of budgeting.

[@growwithnav]

Thank you 😊

[@sahilyadav6404]

Bro taxes are excluded or not

[@growwithnav]

Pre tax

[@jasmeenkaur1639]

looking for link of budget tracking sheet

[@growwithnav]

It’s in the description

[@jasmeenkaur1639]

@@growwithnav got it.. Thanks

[@rishspeaks7364]

All these numbers are after tax, right? Thats a good video. Asking that because taxes in canada are pretty high and even with 120k gross you get just 7k a month hitting your bank.. Not sure about the business taxes you pay now because as far as I know we pay it at the end of the year and you still have time to reduce that TAXABLE INCOME😉 by spending some more cameras or tech gadgets. Lol. Would love to know more about it Nav as that could be a significant part.:)

[@growwithnav]

After tax :) I don’t ever count anything before tax - it’s not my money 😀

[@rishspeaks7364]

@@growwithnav That is such a cool concept. (not my money). Congratulations. Please also make a video on sources of income and how to create them. I personally have always liked Canada but huge taxes and low salaries their have always been a concern for me. Looks like you have cracked the code so please make some videos on the same. Also about. Business Tax vs Employers tax please. And let me know if there is a way to connect with you online :D Thanks

[@jasmeenkaur1639]

Guidance for newcomers like us..Thanks

[@growwithnav]

👏👏

[@tarunnavlani]

i am using mint app since a year now and looking at monthly expenses is an eye opener. My expenses are way higher than average Ontarian..50% is the housing cost that includes mortgage + property tax + utilities. Auto & vehicle transportation is 8 % .. food & dining 6% ..but income had been pretty much stable over last 2 years

[@growwithnav]

I know man!! Always an eye opener 😀

[@tarunnavlani]

​@@growwithnav 25k post tax household income is awesome.

[@mikobilli9473]

Canadian system sucks!!!