Hi everybody, I (24M) was fortunate enough to inherit a house in Canada (purchased at around $600k and now worth roughly $1.2Mln) while I was pursuing my studies. I currently live in the UK with a good job, here is some more info:
– Salary: GBP30,000 with yearly bumps, not the highest but money isn’t an issue ATM.
– Three bank accounts: $6,000 in Canada with a yearly net income from rent of $20k (though in a non-Covid market this would be $33k); about EUR6,000 in an European account with EUR5,000 currently invested; and my UK account though with little capital (GBP1,000) and given my expenses I don’t see this one growing until I receive a salary raise allowing me to save a little more.
– No outstanding debt.
I don’t know whether I’ll work in Canada again, as my job is not in high demand and getting a visa sponsorship is currently impossible, so I wanted to ask if you guys could help me weigh in my options. How can make the most out of my situation?
Any advice is welcome and thank you in advance!