In Budget Roundups, Money

July 2018: The Net Worth and Investments – Increase of over $60,000…

Sherry’s July 2018 Net Worth

$742,697.88
Or an increase of…
+$66,541.84 or +8.96%

Umm… whoa.

And everyone, this is why you budget and take care of your money like crazy and you invest it in the stock market (this is how I do it).

About 2/3 were purely stock market related.

My investments just shot up last month. I rechecked the numbers at least 3 times because I thought I was making a mistake somewhere.

This is what my net worth looks like from the last year:

Little Bun’s July 2018 Net Worth
$28,686.61
Or an increase of…
+$1147.94 or +4%

This is how I invest his money in the stock market…. because Little Bun follows after his Mommy and once he gets old enough, I will explain to him and make him do some reading on how this all works.

I do not want him to be blindsided the way I was when I was getting out of $60,000 of debt using my budgeting tool.


Little Bun has KILLED it. He got about $200 from the government last month, the rest is pure investing gain.

DIVIDENDS FOR THE PREVIOUS MONTH

And now we come to my little mini Money Project – Dividend investing.

$698.43

Over the past few months I have been slowly buying up some dividend stocks here and there, focusing mostly on how stable they are. I am willing to give up return for whether or not they will continue to be in business going forward.

This month, I got a payout similar to March (typically, dividends get paid every quarter).

The goal is to get about $3000 every quarter ($1000 per month on average) so that I slowly build that side income stream and have:

  • My Day job – main source of income
  • My blog* – secondary minor source of income but truth be told I shop with it 😛
  • My dividends – true future tertiary source of income that I DO NOT shop with and therefore is super safe

*Yes, my blog income is shopping money because I get paid in USD, and I turn around and use that money to buy things off Poshmark via my friends in the U.S. (they re-ship things up to me), or off eBay.

New revised goal: $800,000 net worth

So my net worth went well this month.

I have almost reached my year-end goal of 3/4 of a million, so it is time to up the ante, so to speak, to try and reach at least $806,000 by the end of this year.

This would be an increase of about $200,000 from last year.

Last year, I ended it with $605,676.06 as my net worth.

This is what I have as my net worth over the years — you can see where I have worked and where I haven’t by the upticks or downturns:

Hope I can make it.

This would mean I would need about another $50,000 before the end of the year, also taking into account that I have to pay taxes still, and make my charitable contribution at the end of the year.

This is making me re-think the major purchases I want, like spending so much money on a piano or saving up for a future trip to Japan (this is still on the books).

How did you do this month?

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Sherry of Save. Spend. Splurge.

Millionaire at 36 after getting out of $60K of student debt in 18 months, a little over a decade earlier, using TheBudgetingTool.com. Since then, I have paid my $600K home in cash (my half was $300K), my $180K casr in cash, 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 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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10 Comments

  1. Life we learn

    Your net worth is amazing Sherry, congratulations!!! And baby Bun is very lucky to have such a money savvy mother like you. Not many 3 year olds would have that much money.

    Reply
    1. Sherry of Save. Spend. Splurge.

      Thank you very much. He is 4 now actually, so .. 🙂 A little less impressive perhaps!

      Reply
  2. Church

    This is a classic example of compounding returns over time. Well done on the investing piece, it took discipline to get out of the hole and to the NW you have now.

    Best of all, as you put it “you don’t owe anyone, anything” – DEBT FREE!!

    I wish you all the best next month and all your months going forward! Soon, it will be the $1mm marker…

    Reply
    1. Sherry of Save. Spend. Splurge.

      I know right? $1 million and I’ll be a proud millionaire.

      Reply
  3. Linda

    Good ish Sherry!

    Is tax sheltered equivalent to 401K ?

    I made some recent money goals of hopefully having half a million in about 2yrs lol. But need to really up my ante in the stock market perhaps.

    Take care!

    Linda

    Reply
    1. Sherry of Save. Spend. Splurge.

      Thank you. Both. RRSP = 401K and the TFSA = Roth IRA. 🙂

      Investing now, is better than waiting until later. Honestly, just start.

      Reply
  4. Clara

    How much did you invest in dividend stocks for this payout? Sounds like an investment strategy worth looking into!

    Reply
    1. Sherry of Save. Spend. Splurge.

      I will need to do a post on this. This will take some digging…

      Reply
  5. GYM

    Wow that’s amazing!!! You already beat my year end goal lol 🙂 Great job on the stocks- US stock prices really shot up in the last month. What is your asset allocation?

    Oh you will definitely make your new goal for sure!

    Reply
    1. Sherry of Save. Spend. Splurge.

      Need to do a post on this.. — my asset allocation I mean. Haha..

      Reply

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