- Joined
- Oct 21, 2019
- Messages
- 16
Rep Bank
$120
$120
User Power: 63%
I ‘m 32y, no kids/dependents, debt-free living in Vancouver, Canada at the moment, working as pleno accountant where I’m able to save 20K- 25K yearly after-tax from my work.
In my savings account, I have 90K which I’ve managed to save until now.
Originally, I’m from South America and got a permanent residency in Canada via skills (Education & Experience) that gives me the freedom to leave/enter the country whenever I want.
The scenario back home is like that…
A 2-bedroom apartment costs around 35K (Canadian currency) in a middle-class suburb
Blue-chip companies pay an average of 10%-13% dividend-yield
Government bonds pay an average of 5%-7% dividend-yield
300K invested in dividend stocks, bonds would generate enough income to live comfortably
Being in the slow lane, I have been wondering if using the currency ‘leverage’ will be enough to become wealth back home or am I being unrealistic?
Any thoughts are appreciated!
In my savings account, I have 90K which I’ve managed to save until now.
Originally, I’m from South America and got a permanent residency in Canada via skills (Education & Experience) that gives me the freedom to leave/enter the country whenever I want.
The scenario back home is like that…
A 2-bedroom apartment costs around 35K (Canadian currency) in a middle-class suburb
Blue-chip companies pay an average of 10%-13% dividend-yield
Government bonds pay an average of 5%-7% dividend-yield
300K invested in dividend stocks, bonds would generate enough income to live comfortably
Being in the slow lane, I have been wondering if using the currency ‘leverage’ will be enough to become wealth back home or am I being unrealistic?
Any thoughts are appreciated!
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
