Your Passport Does Not Guarantee Success | Wali Khan

Passport and Citizenship can make or break your life - however, just because that you are having a third grade passport does not mean you cannot excel in life and create amazing opportunities for yourself and people around you! In this uncut video, I discussed the same!
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I like helping people around in their general productivity & personal finance situations as well as advising on wealth management which includes but not limited to property market in UAE and Pakistan, equity and commodities markets, bonds etc. Moreover, I have a keen interest in KZbin and social media marketing along with video editing and its marketing. I also have a keen interest in world current affairs and politics. Last but not the least I am an APPLE fanboy :-)
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[@Kwm-519]

@7:45 - “Money is an amplifier” - absolutely agree

[@WaliKhan_2k]

Nowadays - there is so much misinformation all over. This quote goes as far as 2012, still haven’t found who mentioned this first :-)

[@Kwm-519]

@@WaliKhan_2k Well noted.. comment amended.

[@ccm4455]

agree no money no life.

[@shahzadkheros]

Passports make a big difference in modern world. Just by having passport of a certain country allows you to work in other countries. Likewise certain passports will restrict your freedom and opportunities.

[@asab3434]

Very very true

[@truthtobetold9816]

Very nice podcast. I also listen to Nomad Capatilist and i live in one of the western countries with a blue passport. Its a combination of both passpost and money. Once you get your passport, and once you reach a high bracket 40-50% tax on combined taxable income, there is no reason to live there. Migrate using your passport which sometimes can expedite the process of getting a PR or a golden permit or card, and use your passive income to sustain. You can do a stress-free less burdening job also to be in touch with your skillset too.

[@shadykable]

When starting out your career with no inherited wealth, as a Pakistani I would wish for a better passport for sure. But I agree once I have multiple sources of income and reach a certain income threshold, my passport may not matter as much (Although I would still love to have a secondary passport to make traveling across the world easier) At the age of 33, I am working hard to create multiple streams of income so I can retire with an ease of mind.

[@CloudSecurityGuy]

Great points Wali bhai .. it depends on every person's individual situation. In UAE it does not matter anymore what passport you have when it comes to earning money which is amazing. Some points I may add: - College and university education in UAE is really not that good compared to UK - A lot of people dont want their children to experience the same setbacks when traveling and hence make the decision to get another passport - If you lose your job in the UK your children still can continue to get education for free but in the UAE it depends on your cash flow But like you said it depends on each person's situation. Keep making great practical videos like this

[@sufialhussainihassanikamil9655]

Fully agree with you Wali bhai! 💯 I recently decided to make the move from Germany to Dubai after having lived there for ~5 years. I could have waited for some more time to get citizenship but it wasn't worth the opportunity cost for me (taxes, culture, etc.). I do agree that getting a better passport makes sense but IMHO it's generally a bad idea to get a passport by naturalization (spending 5+ years in a country which doesn't align with your culture, language, etc.).

[@buildwithuk]

Can you explain the culture?

[@sufialhussainihassanikamil9655]

Sure! I didn't want to raise my kids in a woke/far-left environment. Also I would like to teach my kids Islamic ideals. I guess it's a subjective matter and you could argue that Dubai isn't Islamic either but at least in Dubai you have a choice. (e.g. I don't want my 10 year old son to lecture me about their 'rights' when I try to discipline/teach them) 😅

[@buildwithuk]

Nop i would not judge you. we all have our values and our priorities. Because of all these things i dont wanna move to West. I am quite happy in Pakistan despite the day to day challenges here

[@Adeel1830]

Great information.. I like it man. Now I need to see all your videos . Good work keep it going !

[@Kwm-519]

100% - As a British Pakistani, I can completely agree and relate to this point as a British passport holder. All that matters is the skillset you have

[@masoodbawany6223]

Beg to differ. A passport is not merely a tool for securing a better job; it fundamentally impacts your entire life. For example, Pakistani passport holders often face significant delays and rejections when applying for a visit visa to the UAE. You never know when they get banned completely. Moreover, a passport signifies a country's commitment to its citizens during crises. During the pandemic, countries like Canada reached out to their citizens and permanent residents abroad, ensuring their safety, providing financial assistance, and facilitating their return when commercial flights were unavailable. Having lived in the UAE for over a decade, I understand that many people there often equate a passport with financial gain. However, there is much more to a passport than a fancy job or building wealth.

[@faizanrauf204]

100% agreed. We are Pakistani passport holders. For us, getting a 2nd passport is not mostly about success. It's about basic and simple things like getting a visa.

[@sameermobinansari1987]

I think he is trying to convince himself not to move.

[@WaliKhan_2k]

It’s always good to have second passport - no doubt. The only point is that it’s not the end of the world :-)

[@sameermobinansari1987]

@@WaliKhan_2k That's very easy for you to say. I immigrated to Canada and have progressed just because of the number of opportunities I have as compared to the Middle East and Pakistan. And I have worked there. You are commenting from your comfort zone. Ask an engineer or a chartered accountant how difficult it is to carve your own path. Pls be responsible. I watch your videos but you are making too much of this immigration subject. Just keep it simple. Thanks.

[@sameermobinansari1987]

Carve ones path in Pakistan or the Middle East.*

[@GameboyMufti]

Once people in US reach certain level of net worth they leave US citizenship to avoid tax , as a US citizen you are taxed on income whereever you live in the world. Citizenship has its perks their is no doubt about it.

[@Phonehive]

Definitely agree!!!!! Glad I didn’t continue my studies in CA and wasted money in doing that.

[@faizanrauf204]

"Success"??? Wali bhai, we are Pakistani passport holders. For us, getting a 2nd passport is not about success. It's about basic survival. Aik visa lainay kay liye, Pakistani passport holders ko kitna struggle karna parta hai. Success is a much more higher goal to achieve.

[@WaliKhan_2k]

If you have 150k USD on disposal just for passport upgrade - your perspective might change :-) I know it’s not one size fits all

[@oraclefusions]

@@WaliKhan_2k how to contact you bro for this

[@DesiinNordic]

Brilliant analysis.

[@adj9993]

I have lived 2 years in dubai from 2016 to 18 but now i am living in France.I worked for Du telecom and i can say passport effects alot in UAE culture.Emiratis gives priority to western passports and why not Dubai is made by western countries.People who live in UAE satisfy themselves by praising it, but in reality Dubai is still far behind as compared to west.

[@DablewTee]

True! People just don’t have financial knowledge. The people who are earning $20,000 per month in Pakistan. They are happy being there. 😊

[@WaliKhan_2k]

A content creator can well understand this :-) Thanks for the comment mate - love your content. Keep growing.

[@kachrachi]

How many do you think would be making 10k+ USD per month in Pakistan? What's your estimate?

[@WaliKhan_2k]

@@kachrachi very few, we need to bring that number up. The problem is not that people are not making this kind of money - but people think that it’s not possible!

[@asiqbalkhan]

would request if you can invite a medical insurance expert to discuss how to cover yourself for medical expenses post retirement if one plan to retire in UAE

[@kachrachi]

Wali bhai, your strength is financial health. My 2 cents on making videos outside your area of expertise: 1. Make it short and snappy, with clear bullets based on research. 2. Don't make it a gupshup video, as it weakens your brand Constructive criticism is a gift, and you're welcome :)

[@aishafardan6286]

One of the major benefits of immigaration to Canada/US etc which nobody is mentioning here is the access to higher education for the kids at fraction of the cost! At th university level, International students have to pay much higher than citizens. So as everyone here is talking about ease of travel, MAYBE securing a higher paying job in Middle East on the basis of passport,, these are all temporary benefits but the eventual benefit is the higher education for kids at a much lesser cost than spending your life earning in Middle East n then eventually sending the kids as international students and paying hefty tuition fees n all expenses. Thats primarily the reason people want citizenship in these countries so their kids can have access to western education apart from ease of travel n other benefits which can still be acquired. So saying that if you have multiple streams of passive income, it wont bother you as much (cz you can cover it with money as per Wali Khan) if you don’t have second passport is in my opinion a shortsighted approach cz eventually the kids will be sent as international students(at a hefty cost)n they will have to start that struggle to get citizenship! Thats why I think people are very eager to move for their future generations than just better opportunities for themselves only!

[@aishafardan6286]

So basically considering the world order right now, most people believe that they see that struggle now so their kids can have a better future as they don’t see any future for their kids in Pakistan. N specially people in Middle East def don’t see their kids future in Pakistan which is realistic as those kids have never lived in Pakistan with third world problems!

[@hargun.singhh]

It really depends on your income if you have high income in middle east you save ton of it due to no tax and use it in the future for sending kids abroad instead if you go abroad almost pay 40% taxes for multiple years and then finally send your kids to college it will eventually cost way more and most of the second generation kids don't value western citizenship as they are born into this. Instead if a kid wants to do clg and he is smart enough he'll get into ivy leagues also when the time comes

[@fadyNUFC]

Agreed its not about passport its about ur wealth…

[@samiyounas]

What camera setup do you use?

[@ZohaibJahan]

We should always try for Second passport regardless weherever we do the job in future. Green passport holders don't get visa easily means you are missing lot of opportunities.

[@humayunnazir3248]

Aoa sir, I have one question Roshan digital account holder with FBR filer, sir I am NRP with old FBR filer, now I have a NPC investment in RDA , so should I show RDA amount in file return ,if must need to show so please can you tell us there will be differences in With holding tax , and second thing how can we show repatriation amount in file return, can you explain us with video Thanks sir ,if it's possible please

[@syednaqi7992]

Well, I would disagree a little bit. First of all, it is not everyone plays to build passive income or to have an agency or build a business enough that can give you 5 to 10K thousand conservatively speaking per month. If you are making that load of money then yes, a passport does not make sense. If we take a sample size of the whole population then I think we see 1-2 % cases that have this ability to earn dollars and that too in huge chunks while sitting in Pakistan. The rest of the population is suffering. I have witnessed many opportunities alone in the USA which you only get if you have a green card, if you are mediocre in your field then a Passport plays a role in your life. We can debate that you must be The Best in your field but again it is not everyone's cup of tea.

[@yahyajamali4330]

It's all about money...passport doesn't matter

[@Randolf_Wisenberg]

yes, for people who already have a non pakistani nationality.

[@irfangameing171]

Bro I have one problem I have lost my passport than I make lost passport caes but after case I find my passport now how to remove my lost passport case and where

[@Adeel1830]

Make sense !

[@pkmuhammedhisan]

I'd rather face racism in Dubai than in India.

[@HammadKhan0788]

Wali bhai... I have AED 200,000. Can I buy a 1bhk in Sharjah in this budget

[@Hasasn45]

I don't think so. Atlest 350k+

[@kachrachi]

Firstly congratulations on saving a good amount in this difficult situation. Secondly, please consider investing this amount while you wait to buy property.

[@ccm4455]

It is ID only

[@ZohaibJahan]

Wali, please make a video on BlueChip Dubai Scam by an Indian and how to avoid it in future. People says STAKE is also like BlueChip. What do you say?

[@WaliKhan_2k]

I made the video already: kzbin.info/www/bejne/hp6naJykh5yIh6c

[@madi01944]

If you are talking about a second passport in almost all of your videos, you are probably missing it and refusing to realise the gap in your life.

[@WaliKhan_2k]

You are not watching all the videos :) Besides, living anywhere in particular can be a boost to your finances - so off course this is very important part of my content.

[@madi01944]

@@WaliKhan_2k I am watching your videos and podcasts too. Maybe I have missed a few earlier ones

[@kachrachi]

When you meet successful expats in Dubai, you see that they are in the best financial situation of their lives. This is when they start thinking about how to make this nirvana last forever. That's where passport comes in. Many expat conversations are about this topic. Wali is attempting to guide and add value to this conversation.

[@muhammadumarashfaq4026]

👍

[@carsforless2381]

Has no worth

[@mohammedosman4893]

Are bhai bohot confusion content hai aap ka.

[@WaliKhan_2k]

What’s confusing?

[@Donation3million]

Point less video