Leaving Dubai 🇦🇪 As Broke & Being Wealthy In USA 🇺🇸

Leaving Dubai 🇦🇪 As Broke & Being Wealthy In USA 🇺🇸 | Wali Khan Dubai Podcast English

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Күн бұрын

Join this channel to get access to perks: / @walikhanenglish
Dubai has amazing tax free income which makes people carried away from the actual goal for which they arrive. It is utmost important to make the most of out of the city and UAE as country overall. This podcast is all about it.
Bahroz's KZfaq Channel: ‪@bahroz‬
Bahroz's Urdu KZfaq Channel: ‪@NorthAmerican-Desi‬
Bahroz's Linkedin: / bahroz-abbas-hussain-b...
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Referral links for GCC based platforms where I invest in:
🏡 Getstake (Get 250 AED): getstake.com/signup?ref=MUHAM...
Refrence video: • My Getstake Investment...
🏠 Smartcrowd (Get 250 AED): 🏠 Smartcrowd (Get 250 AED): my.smartcrowd.ae/?signup=true...
Refrence video: • My First AirBNB Proper...
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* Terms & Conditions apply for the referral bonus for each platform.
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Last few podcasts with Batool & Bahroz:
Urdu Channel:
↳ Canadian Immigration Story | Dubai Expat! Wali Khan Podcast # 29: • Canadian Immigration S...
↳ Living Our Rich Life, ft. Bahroz Abbas | Wali Khan Podcast # 22: • Living Our Rich Life, ...
↳ How NOT To Start A Business! ft. Bahroz Abbas | Wali Khan Podcast # 17: • How NOT To Start A Bus...
↳ Immigrating From Dubai To Canada To USA, Challenges, Finances & More ft. Bahroz Abbas | Podcast # 12: • Immigrating From Dubai...
English Channel:
↳ Wealth Building Away From 9-5 Routine | Wali Khan Podcast (English) # 4: • Wealth Building Away F...
Link to my main channel in Urdu / Hindi language which has a lot of videos on personal finance concerning Dubai : ⁠ ‪@WaliKhan_2k‬
🌟 1-1 paid session time slot booking 📆 and pricing for 1 hour zoom session: financewithwali@gmail.com
🌍 Visit the website for updates: walikhan.co/
💌 Newsletter: walikhan.co/newsletter/
#sidehustle #dubai #businessindubai #English #canada #usa
Chapters:
00:00 Introduction and Background
01:38 Working in Dubai and Wealth Accumulation
08:55 Mistakes Made in Dubai
21:04 Turning Point & mistake realization
26:31 Not Enjoying Life, having scarcity mindset
35:12 Moving to Canada and Tax Optimization
39:00 Tax Benefits and Savings in Canada
46:30 Tax Optimization and Company Contributions in Canada vs GCC
54:20 Tax Optimization for Job, Contractors and Side Businesses
01:02:18 The Power of Compounding and the Lack of Understanding
01:04:50 The Story of the Chessboard and the Difficulty of Understanding Exponential Growth
01:07:20 Investing in Stocks and the Pitfalls of Property Investment
01:16:20 The Importance of Systems and Long-Term Thinking in Investments
I am open for collaborations in the areas of my expertise from anywhere in the world. Following are my contacts:
🐧 Twitter handle: @wali_2k
📸 Insta handle: @wali_2k
📧 Email: financewithwali@gmail.com
🕺 Tiktok: @wali_2k
💻 Linkedin: / walik
🤷♂️ Facebook: / walikhan2k

Пікірлер: 50

@WaliKhanEnglish 3 ай бұрын

🌟 1-1 paid session time slot booking 📆 and pricing for 30 mins zoom session: financewithwali@gmail.com calendly.com/wali2k/1-hour-1-1-session Referral links for GCC based platforms where I invest in: 🏡 Getstake (Get 250 AED): getstake.com/signup?ref=MUHAM... 🏠 Smartcrowd (Get 250 AED): 🏠 Smartcrowd (Get 250 AED): my.smartcrowd.ae/?signup=true... 📈 SARWA (Get 50 USD on Invest & Save platform - T&Cs Apply): fas.st/t/uK6y58eS 📊 Baraka (Get upto 25 USD on stocks platform): Referral code: Z9TVDT Download the app: getbaraka.com/en * Terms & Conditions apply for the referral bonus for each platform.

@parassinghpardeshi872 3 ай бұрын

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!

@syedzain3980 2 ай бұрын

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

@TheBrokeExpat 4 күн бұрын

75,000 AED a month and he failed to manage that? and i am here managing 12,000 AED a month (tooth and nail) but it is rough. Glad he made that move and turned his life around. Great Podcast

@World_Travel_0708 3 ай бұрын

Good to hear different options and experience based tips

@faizaniqbal3629 3 ай бұрын

A very insightful podcast. Very much to learn from it. especially the story of Chessboard.

@MsSanatariq 3 ай бұрын

75 k with a Pakistani passport 😮😮😮

@WaliKhanEnglish 3 ай бұрын

100% no surprise here. We associate income growth with passport - not the correct approach.

@khalidumar3834 3 ай бұрын

Very much possible, you just need to be in a good company

@khalidumar3834 3 ай бұрын

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

@kachrachi 3 ай бұрын

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.

@alifaeez 3 ай бұрын

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.

@xassanraza 3 ай бұрын

Excellent discussion.

@tariqabbasi9277 3 ай бұрын

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

@shahzadkheros 3 ай бұрын

Australians have similar tax benefits and income generating platforms. You should do an interview with an Australian.

@SyedKashanAliShah-wm4so 2 ай бұрын

I'm waiting for the video for Tax optimization of that hypothetical case discussed, especially when you are a contractual employee.

@Mirzaraza 3 ай бұрын

great insights , please do a podcast with an australian if possible

@QSB457 2 ай бұрын

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.

@ashok845 15 сағат бұрын

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.

@CarGimbo 3 ай бұрын

Thank you Walid sir for this podcast 🙏and Mr. Bahzoz for sharing your story ❤🎉

@KashifRashid 3 ай бұрын

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. :-)

@WaliKhanEnglish 3 ай бұрын

Good points to ponder :-) Thanks for the comment.

@abdullahzafar1862 3 ай бұрын

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 😊

@MoizAhmedSunny 3 ай бұрын

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 ?

@WaliKhanEnglish 3 ай бұрын

What is misery for you? Buying a car that you cannot afford based on 20/4/10 rule?

@hajizubair5597 3 ай бұрын

you'll be broke soon son. You only live once. So choose every option wisely.

@kachrachi 3 ай бұрын

Perfection lies in balance. Spending your 50s, 60s and 70s in misery after frittering away your savings is even more painful.

@MehdiSyed456 Ай бұрын

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!

@kaamkibaat9128 3 ай бұрын

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.

@WaliKhanEnglish 3 ай бұрын

Tax saving video coming soon.

@kachrachi 3 ай бұрын

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.

@bilalsarvat8207 2 ай бұрын

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

@angadsingh3267 3 ай бұрын

These guys are so shallow,omg are they adults. It feels like a conversation between teens 😅

@WaliKhanEnglish 3 ай бұрын

Would love to see your adult conversation - link pls?

@kachrachi 3 ай бұрын

It's called showing vulnerability. It's a leadership quality.

@DY0309 3 ай бұрын

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 💩 💩

@WaliKhanEnglish 3 ай бұрын

Ok, please share your linkedin profile here - Bahroz and mine in the description of the video.

@kachrachi 3 ай бұрын

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 :)

@DY0309 3 ай бұрын

@@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!

@DY0309 3 ай бұрын

@WaliKhanEnglish his LinkedIn is not here. And the guy is just another KZfaqr! Full of crap! He left dubai broke because he was never on 75k a month 😂😂. You think that people are stupid?

@WaliKhanEnglish 3 ай бұрын

@@DY0309 there you go: www.linkedin.com/in/bahroz-abbas-hussain-b484724a/ No one is obliged to justify anything. You can move on.

@hajizubair5597 3 ай бұрын

33 years and 75k AED salary ? 🤯

@WaliKhanEnglish 3 ай бұрын

Why not?

@hajizubair5597 3 ай бұрын

It couldn't actually.

@kachrachi 3 ай бұрын

@@hajizubair5597it's important to hang out with high achievers in life. I can personally verify that Bahroz is telling the truth.

@seekho.digital.marketing Ай бұрын

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.

@salmanahmed3419 Ай бұрын

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.