sarahfisher
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- Oct 21, 2019
- 16
- 10
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!
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