In Budget Roundups, Money

February 2019: The Net Worth and Investments

Sherry’s February 2019 Net Worth

$839,393.86
Or an increase of…
+$33,683.92 or +4.01%

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)

…and invested here:

Definitely not mad at this increase!

Part of it is a great stock market increase, but also that I make good money.

There’s no secret, I just have a good offence (making money) but my defence (not spending) is where I can sometimes fall short. That’s what I am working on, is making sure my defence is killer because I know it’s weak.

I am working on it but am slowly seeing good changes.

For instance — I have a trip to NYC coming up with one of my favourite people in the whole world aside from my partner and Little Bun, and I am focusing on saving money for THAT trip where for sure, we will eat and shop our way through the Big Apple.

PRIORITIES.

I need to have mini goals like this, so I can focus and not go crazy with personal spending when I don’t need to.


Right now, I am re-evaluating what I can still return (going to return a few things) but I am satisfied with what I have so far and what I have purchased.

A note on my Fixed versus Liquid Assets

You’ll notice that fixed versus liquid — I am trying to make it 50/50 so that it is equal and my net worth is not all just stuff I own (house, car) but also what I have in the bank.

I think in a few months, this will equalize out to 50/50, but I’d really like my fixed assets ratio to be 25% of my actual net worth. Or lower.

Basically, I want more CASH. Cash invested, cash in the bank, CASH CASH CASH.

This is what it looks like from last February to now.

I went from $631,851.76 to $839,393.86 in my net worth jump, about a $200,000 leap.

If I can keep doing this for a few more years, and suck it up and smile, I will be literally in the money.

Of course, let’s not all forget that TAX SEASON IS UPON US, plus it is this time of year that I do my yearly donations (10% of income).

This means my net worth, will drop quite a chunk for personal and business once the dust settles come April.

Little Bun’s February 2019 Net Worth
$28,360.23
Or an increase of…
+$1189.52 or +4.38%

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

Little Bun has crushed it this month. It was a bit rocky, but we are back to almost the highs of July.

I am working on getting him more money but hey, his “income” from the government is fixed, and at the very least, we pay the taxes for him (yes, we get taxed on government money, and no we don’t make him pay it, the money the government gives, is free and clear).

He is at about $28,000 and I am thinking in about 13-ish years, he would be fine for having enough for education – I better start researching the cost of tuition — but also to have cash to cover what he wants to buy when he is older.

Maybe a used car?

Maybe he wants to take a trip and a gap year?

Who knows.

The money will be his once I pass over the reins and deem him responsible enough to handle the money on his own with advice from us if he wants.

I will let him decide.

DIVIDENDS FOR THE PREVIOUS MONTH

$721.97

Not too bad huh? I’d like the average of dividends to be $1000 a month to be another source of income, but I am far away from that. I need to really boost up the capital invested in these stocks to get more money coming in.

To do so, I need to keep working, smiling, sucking it up, and then plowing the money into investments each time I get renewed, so I can build up another big cash flow and make sure it is all covered for my living.

There is nothing I hate more than having to sell my investments to live.

I did that when I was cut from my contract unexpectedly a few years ago, and that memory has STUCK WITH ME and still stings to this day because it HURT to sell it at a loss just because I needed to cover rent.

Ugh. Lessons learned.

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Sherry of Save. Spend. Splurge.

Am my own Sugar Daddy. Am a millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using TheBudgetingTool.com. 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 with an average lifetime savings rate of 50%. I have 11 side incomes that are on track in 2020 to make me $50K - $75K. I could retire today if I wanted, but love my work-life balance as a freelancing consultant in STEM (Science, Technology, Engineering, Math). I am all about balance - between time and money, and also enjoying my money. I also post daily on Instagram @saverspender.

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In a nutshell…

Save. Spend. Splurge.
[ wealth. style. minimalism. ]

——

MOST DEBT: cleared $60K in 18 months

MONEY: Hit $1M personal net worth At 36

NEW GOAL: $1M in invested assets

FAVOURITE DAY: payday

HATES: being late & lazy people

SOCIAL: Instagram @saverspender

DRINKS: homemade matcha lattes

SLEEPS: on a 100% cotton U.S.-made futon

WRITES: Books (also available on Amazon).

BEAUTY: swears by Paula’s Choice

——

…but you can read more about me , browse my index of posts, or get in touch with me, talk to me directly on Instagram, and of course, ask me anything here.

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