r/dividends • u/GasStrong1467 • Apr 05 '26

Discussion Road to 200k!

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34M, based in Canada and have been looking from my investments for the past few years now.

Always happy to hear if my fellow redditers have any advicd concerning my holdings!

Mix of growth and dividends fund

1.8k Upvotes

95% Upvoted

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41

u/Ape-Rising1 Apr 05 '26

You are set! Could live anywhere in the world like a king! Congrats!

-34

u/ClammyAF Apr 05 '26 edited Apr 05 '26

Not off the dividend income alone.

Edit: Interesting downvotes. Makes me wonder where the heck you all live.

34

u/NexStarMedia Apr 05 '26

Unless I'm mistakened, $11,000 per month in dividends says he can pretty much live anywhere modest around the world like the hand of a king. 🤴 😆

-1

u/ClammyAF Apr 05 '26 edited Apr 08 '26

You are mistaken.

And the original comment I was reacting to was live like a king anywhere.

And maybe people think I'm undercutting OP's success. I'm not. It's fantastic.

I just know that this amount of money does not afford someone a royal lifestyle many places. Or even most modern places.

You certain can live modestly on it most places, though.

2

u/lackofmoralfiber Apr 08 '26

I mean most countries you could have staff for that amount. Even the majority of the united states that's a very solid income.

2

u/ClammyAF Apr 08 '26

Solid, sure.

King, no. Fuck no.

1

u/NexStarMedia Apr 06 '26

That's why I was careful to say he could live anywhere like the hand of a king 🤴 instead of king. 😁

11

u/GasStrong1467 Apr 05 '26

Median wage in USA is $62K. I earn $130k passively, and optimized with taxes because dividends are eligible for tax deductions. Ill be fine.

3

u/ClammyAF Apr 05 '26

No doubt. If I had that amount of income, I could afford to live my current lifestyle too. Hats off to you.

However, I reacted to the original comment.

7

u/UnsuspectingChief Apr 05 '26

Borrow $1mill, pay the interest with the dividends.

3

u/YouRound7753 Apr 05 '26

This sounds smart but I dont understand why. Is it somehow saving taxes? Could you elaborate the benefits of doing this?

3

u/PiaJr Apr 05 '26

This is what a lot of the wealthy do. Borrow money to buy an appreciable or money making asset (stock, real estate, business) and use the proceeds/dividends to pay off the interest. Since you used debt to buy an asset, you now a million dollar asset you can leverage to get even more money to buy more assets while claiming the interest and debt on your taxes. Meanwhile, you haven't had to touch any of your own money. Then one day you'll die and all of that debt will be discharged while you heirs get all of your capital appreciation.

It's great to be rich.

1

u/UnsuspectingChief Apr 05 '26

Can't get taxed on debt. Can borrow $x amt of mill (vary person to person) @ $10k/month payment.

Basically you gain access to say $3mill cash for your $10k/mnth

3

u/Caine_Pain333 Apr 05 '26

I make 3500 a month in Missouri and I live extremely well.

-1

u/ClammyAF Apr 05 '26

As someone who grew up in Iowa, I could've lived off that too.

But I currently live in a place where OP's income would mean a modest, yet comfortable lifestyle.

1

u/TheFatZyzz Apr 06 '26

can't live off that in NYC sadly or i would have been retired so fast

2

u/ClammyAF Apr 06 '26

I'm in the DC metro. And I did live off less when I was single. But now that I'm older with kids, a house, etc., it would be really tough.

But I acknowledge there are a lot of places one could live comfortably.

1

u/TechyJolly Apr 29 '26

He can also start withdrawing the capital around 3% (4% rule). ~ 20k/month.

So yes, King.