Sherry’s December 2019 Net Worth

$928,289.26
Or an increase of…
+$27,302.31 or +2.94%

I am a third of the way to $1 million

I am SO CLOSE.

$928K? That’s really really really close.

I am sure to hit $1M before the Spring of 2020, but taxes and charitable donations will be what brings it down.

I usually give 10% of my gross income to charities as well.

This is how my net worth breaks down

I paid my home and car in cash.

Fixed versus Liquid Assets % is nice

Very pleased to see liquid assets pop up there.

I have a goal of my fixed assets being 25% of my net worth, a number I am comfortable with.

Of course I would love it to be 10% or less, but that means more and more savings.

If you are interested, my money is parked here:

• EQ Bank: Good, general 2.3% high interest savings account; subject to change
• Tangerine: Use my Orange key { 32726976S1 } for free money ($50 once you deposit $100; and I get $50 too)

…credit card extra rewards cashback savings here:

• PayTM Canada is also how I pay my municipal taxes, utility bills and so on with my bank and my CREDIT CARD (yes!! TO GET CASH BACK) plus I earn PayTM points for Amazon, Starbucks gift cards etc… Use my referral code [ PTM210713 ] for a free bonus 5000 points ($5 gift card).

…and invested here:

• Rakuten – I use this site ALL THE TIME when I shop online, and thus far have racked up $750 in cashback in 3 months. Use referral link here [ https://www.rakuten.ca/referrer?referrerid=RUKLesGAZDc%3D ] for a free $10 to get started.
• Lending Loop: Use my referral code { 7b03f0 } to earn $25 once you lend out $1500 to small businesses yourself; I have $10,000 on loan right now. My yield is 11.8% right now (this is how you get started in private lending with Lending Loop)
• Questrade: Use my QTrade referral { o0soehds } for $50 in free trades (this is how you buy & trade on Questrade)
• TD Bank: In their E-Series mutual funds, I can’t move this locked in retirement money (this is how you buy e-series with them)

This is what my net worth looks like from the past 12 months:

Not a huge change like a big spike, but I have increased from last December 2018, by $155,965.14.

Considering I only worked 7 months this year, I am quite happy with this number, it means I have increased my net worth by $12,997.09 each month this year.

My portfolio breakdown looks like this for December:

My index funds are at $161,717.98, and my goal this year is to have it reach $200K.

I need to save about $40K more in here.

Dividends = $180,361.94

They are broken down like this…

I am quite heavily weighted in banks, trying to diversify a bit more, but also rethinking my strategy of $25K per any stock.

I think I’ll trim it back to $10K per individual stock.

I am also going to dump a lot more into index funds this year, I have a goal to hit $12K a year in dividend income.

Right now, I am getting about $8000 a year, give or take. I have $4000 more to go to hit my goal this year.

Little Bun’s December 2019 Net Worth
$35,874.30
Or an increase of…
+$1042.97 or +2.99%

Slowly trucking along. Some of this is just in cash, as I only put in $2500 a year total for his RESP to get the 20% government match.

This is how I invest his money in the stock market.

Here is a list of personal finance books you might want to get started with, and about the same set for us Canadians.

So far, we are ending 2019 in a good way.