I lived in US for 12 years before I started looking outside. Canada is a dying economy, there are no good jobs and taxes are sky high plus the guilt that comes with paying huge taxes that are going to fund wars killing innocent people in middle east is just hard to ignore. With age I have come to realize that I don't need to accumulate wealth for my kids or anyone, just providing them a good education to is enough. In addition, some savings and passive income as a safety net as well as retirement income is enough for most of us.
This is gold content. I've been in canada since 2019 and Behrouz has summed up my entire learning so far in this podcast to a 100% accuracy. Only question is, apart from investments and tax savings he didn't cover the crap healthcare system in Canada and public safety when compared to Dubai. Isn't he allowed to do the same investment from Dubai like owning a side business, or investment in stocks etc? Also travelling home from Dubai is easier and cheaper, less time and energy consuming. Can invest in indian real estate without burning a hole in the pocket and avail best health care. Fyi, if you buy any property, run business, or even have dividends for that matter in Canada and want to work somewhere else in the world to save taxes you'd still be subject to canadian taxes by law. So if Behrouz wishes to go back to Dubai to get the 0% tax relief he'd have to sell off all his investments, property etc. In Canada to make that move. To cover more content, here are the topics to discuss. -Healthcare canada vs dubai -children education canada vs dubai -ease of doing business canada vs dubai -average household income canada vs dubai -canada housing bubble vs dubai housing bubble. -public safety in canada vs dubai Awaiting more content from y'all. Cheers!
Agree, this used to be true 10 years ago when gcc needed westerners (white skins) to grow their ecconomy and build an image. Now mostly you are worth based on your skills. I have seen many examples of westerners reporting to an indian or pakistani
I know Pakistanis earning 100k+ every month in Dubai. It's purely a skills game now. Of course, it helps to be with a solid MNC and the right career trajectory.
To the best of my understanding, savings made in taxes by investing in these accounts is generally peanuts. It’s governments way of motivating you to keep your money in bank savings accounts
Lot of good info for new immigrants but this is not the full picture. As behroz and wife both working and both are professional they can spare lot of money to put in the rrsp/resp etc. Also they landed in Canada just before house prices went up, was a good luck for them which does not happen all the time. House price was doubled in three years between 2018-2021/22
Such a great educational video, we brown people lack basic personal finance literacy. You guys are doing a great job. I am definitely your subscriber now
I found your podcast and and what you are saying make sense about what make you happy. In my case I worked very hard and I invested in property as I I live in Canada my money stuck and I’m in depth . Now I’m in my 50s and I want to move to Dubai but I think it’s too late
Well well well. Great podcast Wali and Behroz. Bravo. It requires a lot of courage to be on camera and in public and be so vulnerable by sharing public information which even people dont share in private. This will be so so beneficial for people who have positive mindset and they will be motivated aswell. There are so many people who need this because their circle is so pessimistic and this will give a chance to break the chain and see what is going on in real world. Please keep doing that.
There are Pakistani’s who are in Senior positions in IT/ Tech companies and getting 300K to 600K dirham a month as well. I know someone who is taking that much. People need to broaden up their horizons and know that sky is the limit if you have the right skills and you are brilliant in your field.
Welldone sir. I was stuck between usa vs dubai. I am 26 and in germany. I am a hardcore engineer(semiconductors) and I have a management degree aswell. For going to Dubai, i will have to compromise on engineering aspect but I believe that this podcast is a good starting point for me. Danke schön 😊
کم عمر میں بوہت جلدی اور تیزی سے پیسا ہاتھ آ جایا جائے تو ایسا ہی ہوتا ہے ۔ محنت بھی کوئی خاص نہیں کرنی پڑی ۔ سات آٹھ سال کی محنت کوئی زیادہ ٹائم نہیں ہوتا ۔ یہ سب سامان جب شادی سے پہلے ہی حاصل ہو جایا جائے تو ایسا ہی ہوتا ہے
Numbers don't make sense at all, 1M AED salary tax free in UAE,leaving UAE for Canadian$ 1,90,000Net salary Half of UAE😂, 2,75000AED RENT NO,BUY HOUSE FOR 3M AED ON LOAN😂 , 3,00,000AED CAR sell its simple rather than switching country 😂 ,HE KNOWS ALL CANADIAN TAX LAWS BUT LEFT BEHIND BASIC COMMON SENSE WHILE WORKING 7YEARS IN DUBAI, top 0.01% earner but no common sense
I love how he said that we need to have an abundance mindset at some point in time. Thats what I want to focus on . I have always had a scarcity mindset and I love how he said that one should spend on things one enjoys. As long as you can afford it. I recently bought a keyboard.. I rarely make these expenses but I did and it is the best invest that I have ever made. Sure it was a 170 dollars but it brings me so much happiness.. and I use it everyday. Again the point is that when you have that scarcity mindset you tend to lose out on oppoirtunities that come your way. Im gonna follow him also. I would love for you guys to maybe make one on spending too. There aernt many books on it and to be honest its not really a problem with most people. But I often ask this question. when should you start spending on things you enjoy? and how much is enough? How does one evaluate that limit? Gonna follow him now and will try getting in touch with him. :-)
Generally the Shias are different from Muslims but for followers of Islam these cases are haram. Many are living without credit card and use cash and debit cards, sometimes the charges are higher for debit cards but avoiding interest is very important especially when you know that your money is gonna be used by the enemies of Islam to fund their wars and genocides against Muslims. Interest helps the Jevvs a lot.
I am surprised and shocked to see someone holding the position of CFO in a giant multinational and act like 14 years old kid who can easily get tempted. My friend who made you CFO …. sorry about my words but I couldn’t control my emotions. Also, don’t tell the tricks to save tax. The tax saving tips you are telling is actually tax EVADING rather tax avoidance. You can’t include your personal expenses as your business tax expense. To my knowledge, out of $100k business expense, you could hardly deduct 4/5 k as expense as all your personal expenses are charged pro rata. Your cheap tax saving tips are an old school tips where most of Uber drivers apply in their tax returns, so please check before you say something like this.
We are all humans. I'm a Pakistani working internationally since 9 years and I can assure you there are plenty of senior people who make financial blunders, especially when you suddenly have so many options outside Pakistan. It takes courage to share them in a podcast though.
It's all subjective. Depends on what background you come from. Do you think a laborer in India, or Pakistan has an option to consider present or future savings? Of course not. The feeling of Economic security has a cost. And the cost of sacrificing now for the betterment of your older self and for future generations is a cost well worth paying. I can show you plenty of people, like grains of sand on a beach, who worry not about their finances at any point in their life and spend their whole life worrying paycheck to paycheck. That is no way to live!
Such a childish and hollow approach and thinking. It can land you in a technician job in USA rather a CFO in Dubai . It can only happen there. Go back to Dubai . You were better off there and remain so there
This dude is lying, no way he was getting 75k a month at 33 and being pakistani. I am from the industry, have been in dubai for 12 years, absolutely no way he waa getting paid that much! And he was still struggling with 75k ? Hahahahahaha, what a load of 💩 💩
He's not lying, don't be bitter. It's important in Dubai to be around high achievers, so these milestones motivate you. I can verify 100% that Bahroz is telling the truth. I guarantee you there are Pakistanis making 100k+ dirhams every month. I know some :)
@@kachrachilisten, at his position at p and g as a finance controller, absolutely no way! I am not bitter at all. I just can't stand bs! You are missing a point here!
@WaliKhanEnglish his LinkedIn is not here. And the guy is just another RUclipsr! Full of crap! He left dubai broke because he was never on 75k a month 😂😂. You think that people are stupid?
It is a shame a CFO earning 75k a month even with a family cannot live happily in the UAE. It seems like you are stretching your legs too much. I know uncles earning 30k and they are satisfied and happy living in the UAE with their families for years and don't want to go anywhere. This vlog is irrelevant and bad advice for anyone wishing to live a good life in the UAE. You don't need to send your kids to schools asking for 10k monthly fees, living in expensive apartments and villas. Wali bhai, interview those earning average salaries such as 10-30k AED per month and ask them how they manage their expenses and families in the UAE.
Totally agreed. Interview people with who the majority can relate to. If you only keep interviewing high networth individuals all the time, people will not be interested anymore.
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I lived in US for 12 years before I started looking outside. Canada is a dying economy, there are no good jobs and taxes are sky high plus the guilt that comes with paying huge taxes that are going to fund wars killing innocent people in middle east is just hard to ignore. With age I have come to realize that I don't need to accumulate wealth for my kids or anyone, just providing them a good education to is enough. In addition, some savings and passive income as a safety net as well as retirement income is enough for most of us.
This is gold content. I've been in canada since 2019 and Behrouz has summed up my entire learning so far in this podcast to a 100% accuracy.
Only question is, apart from investments and tax savings he didn't cover the crap healthcare system in Canada and public safety when compared to Dubai. Isn't he allowed to do the same investment from Dubai like owning a side business, or investment in stocks etc?
Also travelling home from Dubai is easier and cheaper, less time and energy consuming. Can invest in indian real estate without burning a hole in the pocket and avail best health care.
Fyi, if you buy any property, run business, or even have dividends for that matter in Canada and want to work somewhere else in the world to save taxes you'd still be subject to canadian taxes by law.
So if Behrouz wishes to go back to Dubai to get the 0% tax relief he'd have to sell off all his investments, property etc. In Canada to make that move.
To cover more content, here are the topics to discuss.
-Healthcare canada vs dubai
-children education canada vs dubai
-ease of doing business canada vs dubai
-average household income canada vs dubai
-canada housing bubble vs dubai housing bubble.
-public safety in canada vs dubai
Awaiting more content from y'all.
Cheers!
I found your video while watching other videos about leaving Dubai. Really meaningful content and lots of truth behind it. Please keep it in English
A very insightful podcast. Very much to learn from it. especially the story of Chessboard.
75 k with a Pakistani passport 😮😮😮
100% no surprise here. We associate income growth with passport - not the correct approach.
Very much possible, you just need to be in a good company
Agree, this used to be true 10 years ago when gcc needed westerners (white skins) to grow their ecconomy and build an image. Now mostly you are worth based on your skills.
I have seen many examples of westerners reporting to an indian or pakistani
I know Pakistanis earning 100k+ every month in Dubai. It's purely a skills game now. Of course, it helps to be with a solid MNC and the right career trajectory.
To the best of my understanding, savings made in taxes by investing in these accounts is generally peanuts. It’s governments way of motivating you to keep your money in bank savings accounts
Lot of good info for new immigrants but this is not the full picture. As behroz and wife both working and both are professional they can spare lot of money to put in the rrsp/resp etc. Also they landed in Canada just before house prices went up, was a good luck for them which does not happen all the time. House price was doubled in three years between 2018-2021/22
Such a great educational video, we brown people lack basic personal finance literacy. You guys are doing a great job. I am definitely your subscriber now
Good to hear different options and experience based tips
Excellent discussion.
I found your podcast and and what you are saying make sense about what make you happy. In my case I worked very hard and I invested in property as I I live in Canada my money stuck and I’m in depth . Now I’m in my 50s and I want to move to Dubai but I think it’s too late
Well well well. Great podcast Wali and Behroz. Bravo. It requires a lot of courage to be on camera and in public and be so vulnerable by sharing public information which even people dont share in private. This will be so so beneficial for people who have positive mindset and they will be motivated aswell. There are so many people who need this because their circle is so pessimistic and this will give a chance to break the chain and see what is going on in real world. Please keep doing that.
Assalam o alaikum to both of you. Wonderful people and great information. Can you please answer if the money earned through savings in RRSP halal?
I'm waiting for the video for Tax optimization of that hypothetical case discussed, especially when you are a contractual employee.
great insights , please do a podcast with an australian if possible
There are Pakistani’s who are in Senior positions in IT/ Tech companies and getting 300K to 600K dirham a month as well. I know someone who is taking that much. People need to broaden up their horizons and know that sky is the limit if you have the right skills and you are brilliant in your field.
Welldone sir. I was stuck between usa vs dubai. I am 26 and in germany. I am a hardcore engineer(semiconductors) and I have a management degree aswell. For going to Dubai, i will have to compromise on engineering aspect but I believe that this podcast is a good starting point for me. Danke schön 😊
کم عمر میں بوہت جلدی اور تیزی سے پیسا ہاتھ آ جایا جائے تو ایسا ہی ہوتا ہے ۔ محنت بھی کوئی خاص نہیں کرنی پڑی ۔ سات آٹھ سال کی محنت کوئی زیادہ ٹائم نہیں ہوتا ۔ یہ سب سامان جب شادی سے پہلے ہی حاصل ہو جایا جائے تو ایسا ہی ہوتا ہے
Thank you Walid sir for this podcast 🙏and Mr. Bahzoz for sharing your story ❤🎉
Numbers don't make sense at all, 1M AED salary tax free in UAE,leaving UAE for Canadian$ 1,90,000Net salary Half of UAE😂, 2,75000AED RENT NO,BUY HOUSE FOR 3M AED ON LOAN😂 , 3,00,000AED CAR sell its simple rather than switching country 😂 ,HE KNOWS ALL CANADIAN TAX LAWS BUT LEFT BEHIND BASIC COMMON SENSE WHILE WORKING 7YEARS IN DUBAI, top 0.01% earner but no common sense
Time pass buddy don’t take serious… he is “C”
Australians have similar tax benefits and income generating platforms. You should do an interview with an Australian.
I love how he said that we need to have an abundance mindset at some point in time. Thats what I want to focus on . I have always had a scarcity mindset and I love how he said that one should spend on things one enjoys. As long as you can afford it. I recently bought a keyboard.. I rarely make these expenses but I did and it is the best invest that I have ever made. Sure it was a 170 dollars but it brings me so much happiness.. and I use it everyday. Again the point is that when you have that scarcity mindset you tend to lose out on oppoirtunities that come your way.
Im gonna follow him also. I would love for you guys to maybe make one on spending too. There aernt many books on it and to be honest its not really a problem with most people. But I often ask this question. when should you start spending on things you enjoy? and how much is enough? How does one evaluate that limit?
Gonna follow him now and will try getting in touch with him. :-)
Good points to ponder :-)
Thanks for the comment.
Thanks for some good advise, but taking interest or compound interest its not allowed in Islam so many Muslim go in properties . Please let me know.
Generally the Shias are different from Muslims but for followers of Islam these cases are haram. Many are living without credit card and use cash and debit cards, sometimes the charges are higher for debit cards but avoiding interest is very important especially when you know that your money is gonna be used by the enemies of Islam to fund their wars and genocides against Muslims.
Interest helps the Jevvs a lot.
I am surprised and shocked to see someone holding the position of CFO in a giant multinational and act like 14 years old kid who can easily get tempted. My friend who made you CFO …. sorry about my words but I couldn’t control my emotions. Also, don’t tell the tricks to save tax. The tax saving tips you are telling is actually tax EVADING rather tax avoidance. You can’t include your personal expenses as your business tax expense. To my knowledge, out of $100k business expense, you could hardly deduct 4/5 k as expense as all your personal expenses are charged pro rata. Your cheap tax saving tips are an old school tips where most of Uber drivers apply in their tax returns, so please check before you say something like this.
Tax saving video coming soon.
We are all humans. I'm a Pakistani working internationally since 9 years and I can assure you there are plenty of senior people who make financial blunders, especially when you suddenly have so many options outside Pakistan. It takes courage to share them in a podcast though.
Samajh nahi aya
WHY YOU DO NOT TALK ABOUT INDIA?
Cow urine and dung
he is in finance senior position but has no idea about money ????!!! wtf is he talking abt
Bhai kamana to janty ho lagana nahi jantey warna job NAHI ker rahey hoty
What stupidity is that. You live your life in misery and then when you’re 50-60 you’ll take money out and enjoy it in what way ?
What is misery for you? Buying a car that you cannot afford based on 20/4/10 rule?
you'll be broke soon son. You only live once. So choose every option wisely.
Perfection lies in balance. Spending your 50s, 60s and 70s in misery after frittering away your savings is even more painful.
It's all subjective. Depends on what background you come from. Do you think a laborer in India, or Pakistan has an option to consider present or future savings? Of course not. The feeling of Economic security has a cost. And the cost of sacrificing now for the betterment of your older self and for future generations is a cost well worth paying.
I can show you plenty of people, like grains of sand on a beach, who worry not about their finances at any point in their life and spend their whole life worrying paycheck to paycheck. That is no way to live!
Such a childish and hollow approach and thinking. It can land you in a technician job in USA rather a CFO in Dubai . It can only happen there. Go back to Dubai . You were better off there and remain so there
We can earn and spend lavish life without liberty in Dubai but we have liberty in 1st world with financial well-being.
These guys are so shallow,omg are they adults. It feels like a conversation between teens 😅
Would love to see your adult conversation - link pls?
It's called showing vulnerability. It's a leadership quality.
How are they shallow? Can you explain. You might be a troll though
rich or stupid???
This dude is lying, no way he was getting 75k a month at 33 and being pakistani. I am from the industry, have been in dubai for 12 years, absolutely no way he waa getting paid that much! And he was still struggling with 75k ? Hahahahahaha, what a load of 💩 💩
Ok, please share your linkedin profile here - Bahroz and mine in the description of the video.
He's not lying, don't be bitter. It's important in Dubai to be around high achievers, so these milestones motivate you. I can verify 100% that Bahroz is telling the truth. I guarantee you there are Pakistanis making 100k+ dirhams every month. I know some :)
@@kachrachilisten, at his position at p and g as a finance controller, absolutely no way! I am not bitter at all. I just can't stand bs! You are missing a point here!
@WaliKhanEnglish his LinkedIn is not here. And the guy is just another RUclipsr! Full of crap! He left dubai broke because he was never on 75k a month 😂😂. You think that people are stupid?
@@DY0309 there you go: www.linkedin.com/in/bahroz-abbas-hussain-b484724a/
No one is obliged to justify anything. You can move on.
33 years and 75k AED salary ? 🤯
Why not?
It couldn't actually.
@@hajizubair5597it's important to hang out with high achievers in life. I can personally verify that Bahroz is telling the truth.
It is a shame a CFO earning 75k a month even with a family cannot live happily in the UAE. It seems like you are stretching your legs too much. I know uncles earning 30k and they are satisfied and happy living in the UAE with their families for years and don't want to go anywhere. This vlog is irrelevant and bad advice for anyone wishing to live a good life in the UAE. You don't need to send your kids to schools asking for 10k monthly fees, living in expensive apartments and villas. Wali bhai, interview those earning average salaries such as 10-30k AED per month and ask them how they manage their expenses and families in the UAE.
Totally agreed. Interview people with who the majority can relate to. If you only keep interviewing high networth individuals all the time, people will not be interested anymore.
It's his life his choice and his perspective
I agree
Agreed