you know *David Marvin Willis* always emphasizes a solid starting point in any investment journey. I'm curious if he has specific steps for embarking on the $5 million retirement quest.
Love the retirement plan video . Thank you for providing the free budgeting and investing tools spreadsheet on your website. Would it be possible for you to provide the same spreadsheet for US users like me? I am a US citizen and also an investor in real estate would love to connect with you if possible.
As a couple , we have started monitoring it every month . We were spending way too much and it was a shocker initially. Now we have managed to curb the expenses a lot !
Few considerations that would reduce the corpus required to ~3M. 1. Assuming 10 years of active employment in Canada, someone retiring today would be eligible for 700$ OAS and ~325$ CPP both pre tax and indexed to inflation. 2. Some of the drawings will come from tax advantaged accounts(TFSA). 150,000 in 30 years (equivalent to 50k today) will have around 18% tax rate. Assuming eligible canadian dividends make up 10% of retirement income, the tax rate will be less than 15%.
Man, better stay away from realtors. This business of buying investment ppty to turn it to cash flow positive has taken a lot of people to loose everything.
Hey Nav, You have been an inspiration to me For intial 3 months i wasn't able to get a single odd part time job. Now 7months into this country and I'm working in my own industry as a student. I can share my story in very structured way with lessons and key takeaways which could be helpful for others. Let me know if you'd be interested to cover that maybe in a video or podcast
There should be one more category.. Emergency fund (For natural disasters and medical expenses) ..this category should be different from savings ... If someone is saving $5 million dollars he could try to keep $500K as Emergency funds..please consider this ... Oh Citizens of this World.. your brother from canada .. cheers
Hey Nav, Appreciate your content always. Just a word of caution if you need to be licenced Financial planner in Canada in order to advise people on retirement planning particularly for a fee as course. Just check I am not sure.
Approximately 90% of your audience must be immigrants from India. Thus, it is highly probable that over 70% of them will go prior to retirement. A million dollars is more than sufficient, and it is far preferable to spend retirement in India.
A total of $1500-2000 a month if it’s your only source of income. Not nearly enough to live a decent life esp in 30 years from now. I take whatever I get from CPP and OAS as 1 additional travel a year.
Please make video about retiring in India. India growing so fast. And I bought my first house in India instead of canada. I am investing my all hard earn dollars in india.
I have talked about this at length in my $5M course. You don’t need a lot of money to retire in India - you just need to make some right moves that I talked about in the course.
Hey Nav, You number are correct to a big extent. Congrats🎉 At the same time Indian life expectency is 70.15 years if a person is lucky. So plan accordingly😂as we still carry the Indian gene. Please make a video considering 55 years as retirement age.
The starting line for a millionaire retirement Any thoughts on where to kick off this financial marathon?
you know *David Marvin Willis* always emphasizes a solid starting point in any investment journey. I'm curious if he has specific steps for embarking on the $5 million retirement quest.
Love the retirement plan video . Thank you for providing the free budgeting and investing tools spreadsheet on your website. Would it be possible for you to provide the same spreadsheet for US users like me? I am a US citizen and also an investor in real estate would love to connect with you if possible.
As a couple , we have started monitoring it every month . We were spending way too much and it was a shocker initially. Now we have managed to curb the expenses a lot !
💯
Few considerations that would reduce the corpus required to ~3M.
1. Assuming 10 years of active employment in Canada, someone retiring today would be eligible for 700$ OAS and ~325$ CPP both pre tax and indexed to inflation.
2. Some of the drawings will come from tax advantaged accounts(TFSA). 150,000 in 30 years (equivalent to 50k today) will have around 18% tax rate. Assuming eligible canadian dividends make up 10% of retirement income, the tax rate will be less than 15%.
True! It could also go higher if we have a couple of more instances in the next 30 years.. where inflation jumps !!
Do not buy courses!
Super video super content straight to the point
Good job Navjot
If you get 8% return rate , you can hit 5 MILLION DOLLARS instead of 1.5 Million
INVEST YOUR MONEY 💰
💯
Hi Nav! the course link you provided is not working once clicked. though it still says free! is the offer over ?
It’s working now. Looks like a technical glitch
Man, better stay away from realtors. This business of buying investment ppty to turn it to cash flow positive has taken a lot of people to loose everything.
Hey Nav,
You have been an inspiration to me
For intial 3 months i wasn't able to get a single odd part time job. Now 7months into this country and I'm working in my own industry as a student. I can share my story in very structured way with lessons and key takeaways which could be helpful for others.
Let me know if you'd be interested to cover that maybe in a video or podcast
🙌🙌
Hey Nav,
Let me know if you'd be interested in covering that? Thanks!
Hi Nav, Tanuj here, this is really great info. Love your videos.
Glad you like them!
Hi
May i plz have quick one to one call to discuss ETF and investing in stocks in US
The link in description is wrong.. has an extra 'w'
Good catch 🙌
Changed thank you 😊
Can you create an income video for 2023 as you are nearing end of 2023? Would like to know how the year went considering higher mortgage rates
I did 50% more mortgages - but had a bigger team :) so more expenses that can help the business scale.
That sounds interesting
How is your Alberta townhouse property going on ? Is the property paying its total expenses by itself ?
It’s cashflow positive (about $400) and the rent will increase again in January.
These people cheat and steal. Don’t trust them.
There should be one more category.. Emergency fund (For natural disasters and medical expenses) ..this category should be different from savings ... If someone is saving $5 million dollars he could try to keep $500K as Emergency funds..please consider this ... Oh Citizens of this World.. your brother from canada .. cheers
💯💯
Hey Nav, Appreciate your content always. Just a word of caution if you need to be licenced Financial planner in Canada in order to advise people on retirement planning particularly for a fee as course. Just check I am not sure.
co-host of the course is a financial planner.
Its impreesive that you went to Canada 2020 and already Financially free. Did yiu cane with a lot of Capital or money saved? Did you start from Zero ?
Thank you :)
Started with $20K proof of funds
@@growwithnav ok good. I'm starting from zero now
How can I get access to the network event without going thru the course? Can we buy Tickets for it?
Hey, no - it’s an invite only event.
Your numbers gave me almost heart attack, got nothing saved for retirement.
Never too late 😀
Approximately 90% of your audience must be immigrants from India.
Thus, it is highly probable that over 70% of them will go prior to retirement.
A million dollars is more than sufficient, and it is far preferable to spend retirement in India.
I am planning retirement in India . It will require 10 Crores .
Earn in Toronto , Invest in Mumbai
Please do not buy courses
yep
People who see the value will get it:)
@@realestatewithRish I lost him when he said course gets folks hired into Google and Amazon..
Your numbers don’t include the Canada Pension and old Age Security payments
A total of $1500-2000 a month if it’s your only source of income. Not nearly enough to live a decent life esp in 30 years from now.
I take whatever I get from CPP and OAS as 1 additional travel a year.
Please make video about retiring in India. India growing so fast. And I bought my first house in India instead of canada. I am investing my all hard earn dollars in india.
I have talked about this at length in my $5M course. You don’t need a lot of money to retire in India - you just need to make some right moves that I talked about in the course.
Great Move !! Retiring in India is dirt cheap
@@zzyphon Yes
Is there a social security income in Canada as in usa
There is… the amount is laughable.
You get about $1200-1500 a month. In 30 years; it will be worse.
We get similar amount in USA. Who knows what is going to happen next in another few years!! @@growwithnav
Good to know the path towards Independence🎉
🙌🙌🚀
Hey Nav, You number are correct to a big extent. Congrats🎉
At the same time Indian life expectency is 70.15 years if a person is lucky. So plan accordingly😂as we still carry the Indian gene.
Please make a video considering 55 years as retirement age.
Thank you 😊