Grow Nation Podcast

A salaried person earning $100K pays way more tax than a business owner earning the same. Simran thinks that's unfair. Nav has been on both sides, and he isn't so sure.

In 2021 we made about the same from Nav's salary as from our business. He paid around 33% tax on the salary and about 6% on the business, after expenses. So yes, business owners keep more. But Nav makes the case for what they give back: the jobs they create, and the risk they carry with no EI to fall back on.

Then the real math on a $100K contract vs a $100K salary, and why the 12% you keep hearing about isn't what you pay once you take money out to live. Plus the three things an ex-CRA financial planner told us will get a business owner audited.

We also get into whole life insurance, the "buy, borrow, die" strategy, and why CEOs on a $1 salary aren't saints. And the side of business nobody posts about: three months after Arun was born, we found out about a $100,000 loss.

Simran closes with one piece of advice if you're in a 9 to 5 and itching to start something.

00:00 - Intro

Today’s guest is Tracy Valko - someone who I have looked up to for over 18 months now, she joined the mortgage industry when she would be in rooms where she would be the only female mortgage agent and would not be taken seriously because of her gender!25 years in the industry and she still has the same drive that she has for when she started. Someone who has been a role model for so many men & women in the industry and beyond.Tracy has numerous accolades and awards to her name including being featured by world leaders magazine for one of the world’s most influential #leaders in the mortgage industry.She is a living proof that gender has no meaning in any industry and you can be a successful entrepreneur, a loving wife, a mother and do good for the community - I got this award from Valko Financial this year - that says “community heart centered”, while I may be holding this award - she is by far the most heart centered person that I have ever met - without further ado, let’s get into my conversation with Tracy Valko.

Tracy's insta : https://www.instagram.com/tracyvalko

In today’s podcast, I have a close friend, an inspiration for thousands - the windsor guy Aditya Soma. He came to Canada as a student - delivered pizzas, made a lot of mistakes amassed over $100,000 of debt. He comes from a very poor family, father had to work in construction in Middle East - which meant that Aditya did not see his father for 7 years. This is a story of a village boy who could not speak proper english when he first came to Canada, who found his escape into self development books, who turned his anger of coming from nothing into building a multi-million dollar real-estate empire.. becoming financially free at 30, reuniting his family, being that person in his family who comes from nothing but on the path of creating generational wealth, building a legacy that can be passed on! He is a realtor, an investor, a coach, a husband and now a father to a lovely girl. He is none other than, the windsor boy - Aditya Kumar Soma.

Today, we are excited to introduce a special guest, Aditya Soma. Aditya's journey is one of determination, resilience, and relentless pursuit of personal growth. Arriving in Canada as a student, he took on various jobs to pay off debt and support his family back home. His story includes everything from delivering pizzas to driving for Uber, with each job contributing to his multifaceted journey towards success. Aditya’s life took a turn when he read "Rich Dad Poor Dad", which drastically changed his outlook towards finances and personal growth. Now a father to a 6-month-old daughter, Ahilya, Aditya's journey is a testament to the power of a growth mindset.

Beyond his career in real estate, Arman is also a beloved TikTok star and an avid basketball lover and if you know him already, he loves his cars! He's proven that not all paths to success look alike, and sometimes, it's the unconventional routes that lead us to the most fulfilling destinations.

Welcome to the very first episode of Grow Nation podcast. We are so thrilled to finally share Alfonso's story with you. It was so amazing to meet and learn from him

Thomas Lorini, a real estate investor, will be discussing the ins and outs of investing in the US real estate market as a foreign investor. He will cover topics such as the differences between the US and Canadian markets, the risks and rewards of investing in US real estate, and how to get started. This promises to be a valuable and informative webinar for anyone considering investing in US real estate.

Follow Thomas on Instagram - https://www.instagram.com/thomaslorini_/

I am a licensed mortgage agent M21004312 working with Dominion lending centres, Valko Financial FSRA13047. I work with over 60 lenders including the top banks to provide an array of mortgage products that are suited to your needs. I can help you with your housing needs across all provinces in Canada (except Quebec). 

I help First time home buyers & investors make smart realestate decisions based on numbers and not emotion.

 Want to book a call 👇 (It's free 🥳) 

https://www.growwithnav.com/book-a-call 

Get up to $3,000 in cash to trade stocks or crypto commission-free! Use this code 91NX5W or the link below to sign up 🙌 https://my.wealthsimple.com/app/public/trade-referral-signup?code=91NX5W 

MORE ABOUT ME 👇 

My mission is to provide you with actionable content that enables you to build your wealth and live up to your potential. I came to Canada with my wife (Simran), during the pandemic in 2020, started with very little money, no job - to today, where I recently quit my job after building my side hustle to a cool 6-figures in revenue. I have met so many amazing people and mentors along the way, and I want to bring everything that I have learnt and continue to learn to you via this channel. 

 Subscribe if you are interested in: #Realestate #StockMarket #Stocks #crypto #business #moneymanagement   DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.  AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.

I am a licensed mortgage agent M21004312 working with Dominion lending centers, Valko Financial FSRA13047. I work with over 60 lenders including the top banks to provide an array of mortgage products that are suited to your needs.

I can help you with your housing needs across all provinces in Canada (except Quebec).  I help the First time home buyers & investors make smart real estate decisions based on numbers and not emotion.

Want to book a call 👇 (It's free 🥳) https://www.growwithnav.com/book-a-call Get up to $3,000 in cash to trade stocks or crypto commission-free!

Use this code 91NX5W or the link below to sign up 🙌

https://my.wealthsimple.com/app/public/trade-referral-signup?code=91NX5W

MORE ABOUT ME 👇

My mission is to provide you with actionable content that enables you to build your wealth and live up to your potential. I came to Canada with my wife (Simran), during the pandemic in 2020, I started with very little money, and no job - to today, where I recently quit my job after building my side hustle to a cool 6-figures in revenue. I have met so many amazing people and mentors along the way, and I want to bring everything that I have learned and continue to learn to you via this channel.

Follow if you are interested in: #Realestate #StockMarket #Stocks #crypto #business #moneymanagement DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.

In this video, we have a chat with  @sahaschopra  who is the Director of Squid Media and has over 90k followers on his Instagram.  Follow Sahas on Instagram:-  https://www.instagram.com/sahaschopra/  Follow me on Instagram:- https://www.instagram.com/growwithnav/Book a call with me at:-  https://www.growwithnav.com/book-a-call

I am a licensed mortgage agent M21004312 working with Dominion lending centers, Valko Financial FSRA13047. I work with over 60 lenders including the top banks to provide an array of mortgage products that are suited to your needs.

 I can help you with your housing needs across all provinces in Canada (except Quebec).  I help the First time home buyers & investors make smart real estate decisions based on numbers and not emotion. 

Want to book a call 👇 (It's free 🥳) https://www.growwithnav.com/book-a-call Get up to $3,000 in cash to trade stocks or crypto commission-free! 

Use this code 91NX5W or the link below to sign up 🙌 

https://my.wealthsimple.com/app/public/trade-referral-signup?code=91NX5W 

MORE ABOUT ME 👇 

My mission is to provide you with actionable content that enables you to build your wealth and live up to your potential. I came to Canada with my wife (Simran), during the pandemic in 2020, I started with very little money, and no job - to today, where I recently quit my job after building my side hustle to a cool 6-figures in revenue. I have met so many amazing people and mentors along the way, and I want to bring everything that I have learned and continue to learn to you via this channel.   

Follow if you are interested in: #Realestate #StockMarket #Stocks #crypto #business #moneymanagement DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.  

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.

Today's special guest: Mohit Kanyan who came as a student and now owns a portfolio of properties and now bought a gas station worth $3.6M.  

Reach Mohit: Instagram: https://www.instagram.com/mohit_kanya...

Linkedin: https://www.linkedin.com/in/mohit-kan...

Website: www.mohitkanyan.com

I am a licensed mortgage agent M21004312 working with Dominion lending centres, Valko Financial FSRA13047. I work with over 60 lenders including the top banks to provide an array of mortgage products that are suited to your needs.

I can help you with your housing needs across all provinces in Canada (except Quebec).  I help the First time home buyers & investors make smart real estate decisions based on numbers and not emotion. 

Want to book a call 👇 

(It's free 🥳) https://www.growwithnav.com/book-a-call Get up to $3,000 in cash to trade stocks or crypto commission-free! Use this code 91NX5W or the link below to sign up 🙌 https://my.wealthsimple.com/app/publi...

 MORE ABOUT ME 👇 

My mission is to provide you with actionable content that enables you to build your wealthand live up to your potential. I came to Canada with my wife (Simran), during the pandemic in 2020, started with very little money, no job - to today, where I recently quit my job after building my side hustle to a cool 6-figures in revenue.

 I have met so many amazing people and mentors along the way, and I want to bring everything that I have learnt and continue to learn to you via this channel.

DISCLAIMER: I am not a financial adviser. These videos are for educational purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. I am merely sharing my opinion with no guarantee of gains or losses on investments.

 AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion.