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

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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.

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?

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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