Rarely drop comments but I have to. This is an immensely underrated channel! Your content is unique, helpful and tremendously relevant. The thought you put into coming up with useful content that goes beyond the cheesy captions seen elsewhere is palpable in all your videos. And your willingness to share otherwise “personal” info that could be beneficial to your audience is nothing but salutary. Thank you and well done!
I have never made more than 90k dollars but i will have my home paid off in 2 years o have 400k invested in a target date fund until 2035 which is projected to hit 1.4million i have no consumer debt and i have 6month of living expenses emergency fund my secret pay yourself first and invest in index fund's live below your means and live your life 🎉
This is a great channel😊👍 I keep trying to convince my wife to move from the GTA to Alberta. I see Alberta as having a better: tax system, wages, healthcare, real-estate prices, and quality of living.
😅... no I'm about about causcasion as you can get... i look like a White Wonderbread version of Keanu Reeves😂 I love Indian food though!!!@cheekymonkeygirl3378
Happy to hear that! I thought tackling it from different angles would clarify what the income-landscape looks like! It was quite eye-opening for me as well. :) Cheers!
@@LivinginCanada It does but also for people like you and me (from Europe, I "was" a neighbour -> Belgium) it is sometimes difficult to understand how people live here spending so much (expensive cars; cloths; real estate; ...). The explaination is debt ... Debt is the norm here; but it is not in Europe (or am I old school?) ... I guess I am a "high earner" but I drive an old car, live in a cheap place and save half of my salary :) .... this is not the norm; it seems people in Canada just live on debt and this inflates the market (of everything) ...
@aselvais I guess the lifestyle in general is quite different. I also remember living in Germany, my friend's parents had a spacious but simple house with a backyard, but drove a very old VW golf, bought quality second hand clothing (not just, but as part of their children's wardrobe). It wasn't that they couldn't afford buying expensive things all the time, I think, but it was just their way of life. I'm not sure if it's still the case, but back then in Germany people regularly used cash and debit card for purchases. Perhaps now things have also changed over there! While I use credit card most of the time now, I use it like a debit card.
You forgot about people on social assistance, that's what the 11,400 is. People with disability earn about 11,500 adn people on welfare earn about $6500.
I'm able to live on an amount below that, comfortably in my opinion-but then again that's subjective. It definitely doesn't allow for a luxurious lifestyle, whatever that means.
@@LivinginCanada yes, if this is after tax for individuals, when combined with a partner the must haves that are most of the monthly like rent and car could be split. This makes a big difference compared to singles
all quite interesting, you forgot one small detail though. A lot of the higher salaried jobs also come with huge annual bonuses. So for example, looking at the software engineer salaries, you're like, oh cool $130k is nice, whilst some studios are throwing 100, 150% annual bonuses on top and those wont be included in salary but will shift the earnings. Minor detail, but can dramatically shift some of the potential numbers around.
Yup, you're right, that's why I emphasized 'base pay', the bonuses will vary based on a combination of company profits and individual performance. And yes, software engineering jobs and also finance jobs are known for super big bonuses and also stock options. Perhaps a topic for another time!
It’s not something to *worry* about, I agree. But understanding the landscape can be useful; people can switch to something else where pay and purpose aligns better, or find motivation that there are opportunities to earn more. Not necessarily for the sake of money itself but for what money can buy: more freedom and time.
It’s about what you can purchase and the quality of life. Survival just doesn’t cut it. Many of us don’t want to live in apartments or condos. We like having our own patio and backyard not having someone above us, below us, beside us and having to live like a mouses in their own homes.
Retired and moved to condo with resort life style, gated condominium about 1,700 sqf with beautiful garden, 2 tennis courts, 2 swimming pools( one indoor heated at 30 degree Celcius), 3 squash courts, 3 pool tables, luxury gym equipments across there is a plaza with a grocery store, 4 variety restaurants, Pizza hut, KFC, 2 banks, law office, pharmacy,a dentist and bus stops are all directions.😊😊😊 we love it.
The links are on screen for each graph (bottom left corner, very small, I know). I've added the sources to the main first chart in the description now!
The salaries follow a log-normal distribution, but uniform at the top 1%. So average income isn’t informative at the top percentiles. Also the survey includes cap gains, which was at all time high in 2021.
It's hard for everyone to save money. It's more difficult in the beginning, but once you've saved up your first 1k, then 10k becomes easier, and so on-it's a reinforcing effect, the more you save the more motivated you become to save more.
"If you make $17.20 per hour, your Yearly salary would be $33,093." "The Ontario government is increasing the minimum wage from $16.55 per hour to $17.20, effective October 1, 2024."
Some of you asked for the source material in this video. I usually leave the website address on screen, or add it in the bottom left hand corner. I've just added a clickable link to the main, first source from statista in the descriptions! Feel free to check it out!
The family physician number should just be physician. The specialty of family physician earns about 100,000 a year. This figure includes specialists like surgeons in its amount as well. A family physician as a specialty earns the least of any medical profession and spends 19 hours a week on administrative tasks everything from sick notes to chart update to dealing with insurance claims. Its one of the reasons that most medical students don't consider family physician as a speciality, ruclips.net/video/C-qsnDLdq68/видео.html&pp=ygUoc2hvcnRhZ2Ugb2YgZmFtaWx5IHBoeXNpY2lhbnMgaW4gY2FuIGFkYQ%3D%3D
Rent, inflated gas and groceries are out of control. You also neglect to mention the inability to pivot careers without suffering significant hardship by taking out student loans (which could lead to more debt), or having to fulfill practicums that are unpaid. I myself work in childcare, but to take an ECE course to further my education and quality for a promotion, I would have to take $25,000 in loans, and work 3-4 months full time without pay. I cannot do that because I would not be able to pay rent (which is 65% of my income) or food.
oOOooh I am on disability in Ontario so let's see we go all the way to the left, oh thanks for the shovel. Now I start digging, and keep digging, Ooopsies I hot a rock or a boulder or a granite shelf. Get out the blasting equipment. There we go. Yeah, I can't afford ear plugs but Iam sure the bleeding in my ears will stop soon. Now back to digging. I found it! My income level 434 feet down and two orders of magnitudes of adjustment on the y-axis! $11,500 and I spent 9,800 on rent and live on the food bank. Yup that's me! Right there
![Yailin La Mas Viral, @kreizyk.official - Dale 2 (Remix) [Video Oficial]](http://i.ytimg.com/vi/JaYHBzgqz94/mqdefault.jpg)
Rarely drop comments but I have to. This is an immensely underrated channel! Your content is unique, helpful and tremendously relevant. The thought you put into coming up with useful content that goes beyond the cheesy captions seen elsewhere is palpable in all your videos. And your willingness to share otherwise “personal” info that could be beneficial to your audience is nothing but salutary. Thank you and well done!
Happy to hear that, thanks for the useful feedback :)
I have never made more than 90k dollars but i will have my home paid off in 2 years o have 400k invested in a target date fund until 2035 which is projected to hit 1.4million i have no consumer debt and i have 6month of living expenses emergency fund my secret pay yourself first and invest in index fund's live below your means and live your life 🎉
You're awesome!!
This is a great channel😊👍
I keep trying to convince my wife to move from the GTA to Alberta. I see Alberta as having a better: tax system, wages, healthcare, real-estate prices, and quality of living.
I get that, we were also thinking of that for some time! Sometimes I find just the process of contemplating options is fun!
You must be Indian 👳
😅... no I'm about about causcasion as you can get... i look like a White Wonderbread version of Keanu Reeves😂
I love Indian food though!!!@cheekymonkeygirl3378
Another interesting and smart video :) again, great job, great channel and great communicator :)
Happy to hear that! I thought tackling it from different angles would clarify what the income-landscape looks like! It was quite eye-opening for me as well. :) Cheers!
@@LivinginCanada It does but also for people like you and me (from Europe, I "was" a neighbour -> Belgium) it is sometimes difficult to understand how people live here spending so much (expensive cars; cloths; real estate; ...). The explaination is debt ... Debt is the norm here; but it is not in Europe (or am I old school?) ... I guess I am a "high earner" but I drive an old car, live in a cheap place and save half of my salary :) .... this is not the norm; it seems people in Canada just live on debt and this inflates the market (of everything) ...
@aselvais I guess the lifestyle in general is quite different. I also remember living in Germany, my friend's parents had a spacious but simple house with a backyard, but drove a very old VW golf, bought quality second hand clothing (not just, but as part of their children's wardrobe). It wasn't that they couldn't afford buying expensive things all the time, I think, but it was just their way of life. I'm not sure if it's still the case, but back then in Germany people regularly used cash and debit card for purchases. Perhaps now things have also changed over there! While I use credit card most of the time now, I use it like a debit card.
I make $63k and have a net worth of $500k. I have many friends who double my salary, but don’t have as much. It depends how much one saves.
You forgot about people on social assistance, that's what the 11,400 is. People with disability earn about 11,500 adn people on welfare earn about $6500.
Haha 45k after tax is not enough in any Canadian big cities. All the COL says without rent. Add rent and you are lucky if you get net 0
I'm able to live on an amount below that, comfortably in my opinion-but then again that's subjective. It definitely doesn't allow for a luxurious lifestyle, whatever that means.
@@LivinginCanada yes, if this is after tax for individuals, when combined with a partner the must haves that are most of the monthly like rent and car could be split. This makes a big difference compared to singles
45k is more then enough after tax in Toronto.
@@LivinginCanadalemme guess 45k each dual income
@@LivinginCanada but both you & your husband Earn money, right ?
all quite interesting, you forgot one small detail though. A lot of the higher salaried jobs also come with huge annual bonuses. So for example, looking at the software engineer salaries, you're like, oh cool $130k is nice, whilst some studios are throwing 100, 150% annual bonuses on top and those wont be included in salary but will shift the earnings. Minor detail, but can dramatically shift some of the potential numbers around.
Yup, you're right, that's why I emphasized 'base pay', the bonuses will vary based on a combination of company profits and individual performance. And yes, software engineering jobs and also finance jobs are known for super big bonuses and also stock options. Perhaps a topic for another time!
don't waste your life and energy worrying about how much money others make or have.
It’s not something to *worry* about, I agree. But understanding the landscape can be useful; people can switch to something else where pay and purpose aligns better, or find motivation that there are opportunities to earn more. Not necessarily for the sake of money itself but for what money can buy: more freedom and time.
That's the corporation matrix programing. get de programmed
Don't take money advice from this guy 😂😂
Be less poor and be happier
There is no life without money
You are very articulate and very clear. Bravo 👏 As a retiree after tax I make 62k. I am content.
Sounds like a handsome sum, you did very well for yourself!
A high school teacher for 32 years.
It’s about what you can purchase and the quality of life. Survival just doesn’t cut it. Many of us don’t want to live in apartments or condos. We like having our own patio and backyard not having someone above us, below us, beside us and having to live like a mouses in their own homes.
Retired and moved to condo with resort life style, gated condominium about 1,700 sqf with beautiful garden, 2 tennis courts, 2 swimming pools( one indoor heated at 30 degree Celcius), 3 squash courts, 3 pool tables, luxury gym equipments across there is a plaza with a grocery store, 4 variety restaurants, Pizza hut, KFC, 2 banks, law office, pharmacy,a dentist and bus stops are all directions.😊😊😊 we love it.
Hey, I didn't get a link referencing the source reports you alluded to. Please share source data
The links are on screen for each graph (bottom left corner, very small, I know). I've added the sources to the main first chart in the description now!
The salaries follow a log-normal distribution, but uniform at the top 1%. So average income isn’t informative at the top percentiles.
Also the survey includes cap gains, which was at all time high in 2021.
I think $36,000 a year after tax is devebt
Any annual salary below 50k is not much, notably, if you must pay rent and other expenses.
It is hard to save money as a woman! The impulse is emotionally triggering! 😢 I will never be satisfied with myself. True happiness is from within!
It's hard for everyone to save money. It's more difficult in the beginning, but once you've saved up your first 1k, then 10k becomes easier, and so on-it's a reinforcing effect, the more you save the more motivated you become to save more.
Get a bf and get him pay everything
@@stephenn88 If I get a bf, he must pay 90% of my bills or no intimacy. ☺️
@@cheekymonkeygirl3378 do you have a bf yet? lol
You guys are making $190k 🎉🎉🎉
For the graph at 4:22, is that household or individual income? Just curious 😅
I believe that graph is wrong, according to Stats Canada, in 2021, a household with income of 126,000 is already at top 10%....
Is this in usd or cad?
Dreaming might or might not come true .Thanks.
I saw this Vidio two times.Thanks.
Self employed people often misrepresent their income to pay lower tax. Same with those business owners that claim to be making negative money
"If you make $17.20 per hour, your Yearly salary would be $33,093." "The Ontario government is increasing the minimum wage from $16.55 per hour to $17.20, effective October 1, 2024."
Garbage truck drivers can't get dates because they deliver garbage. 😢
Some of you asked for the source material in this video. I usually leave the website address on screen, or add it in the bottom left hand corner. I've just added a clickable link to the main, first source from statista in the descriptions! Feel free to check it out!
The family physician number should just be physician. The specialty of family physician earns about 100,000 a year. This figure includes specialists like surgeons in its amount as well. A family physician as a specialty earns the least of any medical profession and spends 19 hours a week on administrative tasks everything from sick notes to chart update to dealing with insurance claims. Its one of the reasons that most medical students don't consider family physician as a speciality, ruclips.net/video/C-qsnDLdq68/видео.html&pp=ygUoc2hvcnRhZ2Ugb2YgZmFtaWx5IHBoeXNpY2lhbnMgaW4gY2FuIGFkYQ%3D%3D
Rent, inflated gas and groceries are out of control. You also neglect to mention the inability to pivot careers without suffering significant hardship by taking out student loans (which could lead to more debt), or having to fulfill practicums that are unpaid. I myself work in childcare, but to take an ECE course to further my education and quality for a promotion, I would have to take $25,000 in loans, and work 3-4 months full time without pay. I cannot do that because I would not be able to pay rent (which is 65% of my income) or food.
Nova Scotia pays the most tax in Canada and they are at the low end of your list.
DIVIDEND INCOME 🤣🤣🤣
What kind of asian are you?
i am in Laos my country
oOOooh I am on disability in Ontario so let's see we go all the way to the left, oh thanks for the shovel. Now I start digging, and keep digging, Ooopsies I hot a rock or a boulder or a granite shelf. Get out the blasting equipment. There we go. Yeah, I can't afford ear plugs but Iam sure the bleeding in my ears will stop soon. Now back to digging. I found it! My income level 434 feet down and two orders of magnitudes of adjustment on the y-axis! $11,500 and I spent 9,800 on rent and live on the food bank. Yup that's me! Right there