Struggling To Survive On Rs. 1 Crore In Canada| Fix Your Finance Ep.120

Bro, we are stuck in property market in Canada, the rental yeild, cash positive will all go for a toss with the current situation.. Also, the moment renter stops paying, you are nuked.. You are required to pay EMI by law and provide full services to renter even if he stops paying rent

People should follow Anshuman to grow in life. Ankur Warikoo mostly shows people with 20-30k where on Anshuman's channel everyone is earning crores.

People like him are the reason why Indians are hated in Canada. They earn their bread and butter from Canada and dump it all in their shitty country back!

usko bhi bolne de aur hilna band kar

This guy does not eat out which so unbelievable. What about shopping

Bhai ne Canadian taxes toh apply nahi kare incomes par jo ke bahut high hai canada mein

Why are we still comparing currencies ???

Converting CAD to INR at prevailing exchange rates is absolutely stupid. Need to adjust for cost of living through PPP conversion. And this is apparently a finance channel. Also, need to look at intangibles. Clean air, low crime, social security, public healthcare, HDI parameters, excellent infrastructure, free speech, overall cleanliness, high civic sense of citizens. And why the fuck does he need to hire a cook or help? Do it yourself.

😂🎉😢😮😅😅

Bull shit i am in canada for 14. Don't believe this

Thank u to the gentleman who is very transparent and genuinely sharing his financials.. this gave a clean insights of Canada living

He is showing a cozy picture, which is not necessarily true. There are huge, real, and probable risks involved. Being a landlord is a hussle in Canada. Tenants may choose not to pay rent, and you'll spend thousands of dollors in their eviction, losing 3 to 12 months of rent. If one partner is on maternity or loses his/her job, you come hand to mouth easily. House maintenance and monthly utilities are high. Your social and personal life is mostly on weekends. So many variables are there.

Despite all this, Canada is promising compared to India. Come to Canada.

House EMI is not expenditure. It's savings/ investment only

He forgot to mention monthly vehicle insurance that’s a large cut from the monthly income

Most of these financial videos are made for people earning high. All who need this is median income.

Ha ha ha …Healthcare is always India ….baaki dollars rakh ke karna kya hai.

He is in India. We don’t have such doors and walls in Canada

Comparing CAD to INR Conversion is the Stupidest thing I have seen some one do, like what a joke if you are just focusing on the Conversion instead of getting touch of reality of Market.

Canadian housing market is in worst situation right now brother. People are filing bankruptcy because not able to pay EMI. Rents are going down. Builders are giving discounts on properties. This is the real situation. Converting Canadian income to INR looks lucrative, but expenses are high. So at the end savings is not possible.

Guruji @ 27:42
you are suggesting to sell one house which will give him 2500-3000 a month extra

Howwwww ????

If he sells his living home he will pay same amount in rent
If he sells rental home he will get nothing (rent is paying EMI)

If you now try to be over smart and change your wording by arguing he will get capital appreciation then Canadian Real estate is more than 20% down

Guruji🙏🏻🙏🏻🙏🏻

I live in the Greater Toronto Area and the numbers provided are very real and very well explained

Being a Canadian nri, one can invest only in certain fund houses. Is there anyone who is doing that, please let me know which all funds can we invest?

This guy Anshuman should have done basic homework about how to do Purchasing power parity and not direct CAD to INR conversation, he's lost my attention there itself. The guest is quite humble thinking back of mind ki ye bandha direct conversion kyu kar Raha hai 😅

4 to 5 % se nahi vadta bhai. 2.5 se 3 % se badta hai

Should have invested in Canadian real estate. The condo market is completely trashed now.

9:00 Biggest Lie. Rents are down 19% and Interests are growing.

Basic things people don’t say is – health care is free and government provides it. So taxes you pay are used for free healthcare. Companies in Canada provide health insurance to use private healthcare. So they don’t prioritise people with viral fever, your criticality is what decides the treatment. I know people who got heart surgeries done for free. Unlike , India or US where you have to pay insurance in advance and get treatment. I don’t understand why a lot of NRIs diss on healthcare in socialist countries where healthcare is provided from your taxes.

17:31 he has bought houses and then telling that he wants to come back to India. I am not sure what planning is this. If he wants to come back then why buy house?

He is not going anywhere

This guy is in a very NRI problem where we all want to move back in next 3-4 years. But if you ask anyone that 3-4 years never come. Once you start setting up roots in another country pulling everything out is never easy. Once kids grow up it becomes almost impossible.

After earning this much, the guy doesn’t seem confident. You don’t need money to start a business, all you need is confidence. But he is in good shape here, he should really start saving more. My friend is earning $3200 after tax but he saves $2200. Of course the lifestyle is much much different, but this guy is not good at saving. Good luck for your future.

I live in Canada he didn't factor in real estate commission which would be 25k for 600k home. And homes are depreciating here. Also the market outlook is really bad.

Whats messed him up is Canadian real estate. Properties are down 20% or more, condos are down even more and good luck getting a tenant these days. Rents dropped 10% in one year. He cannot possibly sell without losing all his equity and more.

Tfsa contri limit is 7k

Financial situation in Canada is fucked beyond repair

Aise bhi koi apne sare assets disclose karta hai bhala 😮😮

earning so much money and cringing, some of us here are fighting just to survive

SMIC
0981 .HK

Thanks Anshuman for the NRI series. People in Canada really need it since cost of living is super high.

Just curious on why did you ask him to invest in Indian mutual funds with his remaining savings after TFSA investment.
Why not US ETFs or stocks?

Agar 1cr kam h toh Tum ek kaam kro, finance ki tayari chod do😅😅

So honest

I'll suggest don't come to India as many folks are giving up their citizenship be a Canadian citizen and get an OCI card..!!

Bhai market down pada Hain 20-50%
Kahaan ka profit
Andar se ro rahaan Hain 😂
Daala huva downpayment or mortgage payments bhi Nahin milega
SAB Kuch swaaha
Is market main agar chaddi banayan bhi miljaaye to Badi Baat Hain

My family income is 5 lkh a month and kharcha 50k… Now tell me

2 ghar jispe huge mortgage hai ! Owned by the bank not paid off

3500 canadian dollar equals to around 2.3 lpm savings
India me raha kar be ye kar sakte hain
Even more than that if 2 ppl are working

I am an NRI living in Canada. The numbers provided were very relatable and true.

If you are watching in India and converting to INR and thinking this is a "flex your finance", think again, there are a LOT of sacrifices made to even get into a savings mode even at this income level as Canada is an expensive place.

Staying away from family, healthcare issues (mainly wait times not cost), harsh winters, no house help etc. are downsides. But there are various upsides like work life balance, AQI, infrastructure, people around you following rules, great roads, opportunity to save if your diligent, good free schooling for children as govt schools here are fantastic and on and on.

Grass appears greener on the other side but more than his finances, Canada offers intangible benefits more than 1:1 more money than India.

Don't invest in USA market. It will go down

What about kids?