In Budget Roundups, Money

January 2020: The Net Worth Budget Roundup

Sherry’s January 2020 Net Worth

Or an increase of…
+$22,072.02 or +2.32%


This is how I invest half of money in the stock market and the other half is split between alternate lending (Lending Loop review here), and mostly in dividends (here is my dividend short list of stocks I was looking at to buy for Canada and the U.S.)

The Net Worth Breakdown in Detail

Only $50K left to go to hit $1M net worth!

I am thisclose. I can taste it. I hope it keeps going. <3

At this level, I don’t expect double-digit increases..

I remember being SO excited at the lower net worth levels, seeing my net worth tick up by the tens… but these days, just getting to 1% is a huge accomplishment, so for me to get an increase of 2%? Major.

Liquid Assets > Fixed Assets

My original goal when I bought my home 2 years ago was just to hit 50:50 for Fixed:Liquid assets.

I was at 57% Fixed, 43% Liquid.

Last year, I was at 55% Fixed and 45% Liquid, not much of a change from when I bought my home those years ago.

This month, I see true headway because my Fixed is now thankfully dropping down to 44%, (AND LOWER!) and my Liquid assets are rising to 56%.

Now my VERY LONG term goal is aiming for Liquid Assets to be 75% and Fixed Assets to be 25%.

That means I need about $1.6M in liquid assets for this to happen.

I am only at around $500K for Liquid, so I have got more than triple to go to make this happen.

How my net worth breaks down

Cash = $53,101.73

I dumped a lot of cash into the market, releasing the funds and investing towards my goals – dividend-paying stocks, and index funds to balance everything out.

I don’t need to carry a massive cash balance as long as I have a contract.

If you are interested, my money is parked here:

  • LBC Digital: Excellent 3.3% high interest savings account; subject to change
  • EQ Bank: Good, general 2.45% 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:

Investments = $479,656.82

This bumped up about $11K from last month or so. I plowed in a bunch of money into investments (about $5000), and for it to go up $11,000, I am happy.

I would like to get it to go up to $500K and beyond!

I will talk more about what it is invested in, in another post called Budget Roundup Investments.

It is invested here:

Home = $304,250

I put the municipal value which actually undervalues it by quite a bit.

If I wanted to pad my net worth, or to make it “realistic”, I would put market value which right now is around $750K – $800K for the home, and my half would be $375K – $400K if we wanted to sell it.

Since I don’t want to pad my net worth or worry about what market value is every month, I just put the municipal assessment.

Car = $113,932.73

I put the Kelley Blue Book value.

It’s a depreciating asset, and I know it. I love driving it anyway, I paid it in full, and I plan on keeping it until it DIES.

So.. 30 years? LOL Never?

I will take good care of it to make sure it continues to stay as-is forever.

My net worth from the past 12 months:

These jumps you see, they are just from the fact that I work. When my net worth graph plateaus or drops, it USUALLY means I quit working.

I make a decent income and I do save it.

My savings rate is about 80% this month even though I spent a ton this month (I made more this month too, unlike last month where I worked only 2 weeks).

I should be at $1 million by the time April hits.

Little Bun’s January 2020 Net Worth
Or an increase of…
+$3169.54 or +8.12%

I invest for Little Bun and 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.

Little Bun is doing well. I love that he is almost at $40K and he is almost 6 years old. O_o

I hope to get him started on money by having him learn the concept of savings, and then shopping against a budget.

Little Bun’s money is invested here:

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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 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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