In Budget Roundups, Money

December 2019: The Net Worth and Investments


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:

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.



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Sherry of Save. Spend. Splurge.

I got out of $60,000 of debt in 18 months using TheBudgetingTool.com. Since then, I have worked 50% of my career (taking 1-2 year breaks), and quadrupled my income within 2 years of graduating, going from $65K to $260K (savings rate = 85%). I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I also post daily on Instagram @saverspender.

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4 Comments

  1. K
    KL

    Thanks for all that you share on your blog. How do you handle depreciation on your car? I’ve always been very hesitant to include my car in my net worth considering this element.

    Reply
    1. Sherry of Save. Spend. Splurge.

      I struggle with it too. I put the Kelley Blue Book value and update it yearly. For me, it is still an asset I can divest even if I plan on driving it to the ground and keeping it forever.

      Reply
  2. M
    Maria

    Do you have different investment strategies wrt retirement vs investments when it comes to balancing dividends vs index funds?

    Reply
    1. Sherry of Save. Spend. Splurge.

      No. I consider all my investments to be my retirement piggy bank.

      Reply

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