Very interesting content, Elizabeth. I liked it. Obviously your digital content is effective, sharp and to the point. I am the e-scooter person of today :)
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That's an interesting take! Toronto's rich definitely seem to keep a lower profile compared to the flashy lifestyles you see in Dubai. Do you think this more subtle approach to wealth changes how people perceive Toronto compared to a city like Dubai?
@SellingReality I think the wealthy in West are just old-school focused on wealth preservation, risk management, and rationality - and the country is ageing. In Canada you will see millionnaires who are 50 to 60 year old who worked hard in their 30s - whereas in the Arab world - you have young Arab Prince who will often have 10-20 brothers and sisters - wealth gets divided but spending does not. Also, wealthy billionnaires in the West, like Mark Zuckerberg or Jeff Bezos - tend to keep low profile - maybe because we live in a democratic society , and wealthy are often critisized for not paying taxes or good salaries/wages. A CEO in a western company is more answerable. Very few westerners behave like Donald Trump, who would brag about evading taxes and spending millions on golf (not being political here, just stating an opinion) Another cultural issue - I have seen millionnaires in Canada fixing their garages in the weekends - you don't see that in Asia - they hire workers to do that for you. Speaks a lot about humility- and I am complimenting Western mentality here.
@@ahmedzakikhan7639 You make some great points about how wealth is handled differently around the world. It's true that in the West, wealthy people often keep a low profile and focus on preserving their wealth, while in other regions, there's more of a display of luxury. In Canada, it's not unusual to see millionaires doing their own home repairs, which shows a lot about their humility. I actually talked about this in a video about "stealth wealth" in Toronto.ruclips.net/video/XKEljhkYuJc/видео.html If you're interested, you should check it out! Have you noticed any other differences in how wealth is displayed around the world?
Very interesting content, Elizabeth. I liked it. Obviously your digital content is effective, sharp and to the point. I am the e-scooter person of today :)
Glad it was helpful!
Thinking of moving to Toronto? Let us help!
Call or Text: 416-618-4424
Email: elizabethmachula@gmail.com
Request a time for a phone chat or zoom: calendly.com/elizabethmachula
Reply
Toronto has rich but they are not flashy like those in Dubai.
That's an interesting take! Toronto's rich definitely seem to keep a lower profile compared to the flashy lifestyles you see in Dubai. Do you think this more subtle approach to wealth changes how people perceive Toronto compared to a city like Dubai?
@SellingReality I think the wealthy in West are just old-school focused on wealth preservation, risk management, and rationality - and the country is ageing. In Canada you will see millionnaires who are 50 to 60 year old who worked hard in their 30s - whereas in the Arab world - you have young Arab Prince who will often have 10-20 brothers and sisters - wealth gets divided but spending does not.
Also, wealthy billionnaires in the West, like Mark Zuckerberg or Jeff Bezos - tend to keep low profile - maybe because we live in a democratic society , and wealthy are often critisized for not paying taxes or good salaries/wages. A CEO in a western company is more answerable. Very few westerners behave like Donald Trump, who would brag about evading taxes and spending millions on golf (not being political here, just stating an opinion)
Another cultural issue - I have seen millionnaires in Canada fixing their garages in the weekends - you don't see that in Asia - they hire workers to do that for you. Speaks a lot about humility- and I am complimenting Western mentality here.
@@ahmedzakikhan7639 You make some great points about how wealth is handled differently around the world. It's true that in the West, wealthy people often keep a low profile and focus on preserving their wealth, while in other regions, there's more of a display of luxury. In Canada, it's not unusual to see millionaires doing their own home repairs, which shows a lot about their humility.
I actually talked about this in a video about "stealth wealth" in Toronto.ruclips.net/video/XKEljhkYuJc/видео.html If you're interested, you should check it out! Have you noticed any other differences in how wealth is displayed around the world?
@@SellingReality Your content is really good and unique in its own way. I will definitely check.
@@ahmedzakikhan7639 Thank you I appreciate your support.