In Budget Roundups, Money

March 2019: The Net Worth and Investments

 

Sherry’s March 2019 Net Worth

$842,376.47
Or an increase of…
+$2982.61 or +0.36%

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:

Why I did not have a huge net worth increase this month in spite of my income

My income was a solid $24,000+…  and my net worth did not go up as much because of 3 major reasons:

  1. Business Taxes (they aren’t over yet!!!)
  2. Charitable contributions
  3. Our spending to buy expensive things like linens, pots, etc…

The stock market did fairly well, I still increased by a little bit, but not like my usual jumps as shown below:

I would say from just last year, I was at $644K and now I am at $842K. About a $200,000 increase, give or take, is not bad.

I am not doing that badly, but I don’t want to get complacent and start spending money I don’t really have.

I feel like I won’t have enough money until I am truly able to live comfortably off the income until the age of 95 (uber conservative age), which means I need a couple, if not, more than a couple million safely invested and stored away in my bank vaults, on top of owning my house and car outright (which I do now).


If we look at my assets, they look pretty much the same as before but the liquid is rising.

 

I am actually happy about finally getting my liquid assets to match my fixed assets in a 50/50 ratio.

You can see that right now with my house and car, I am almost at $450,000 in my net worth in fixed assets alone.

The liquid assets – easily sold (even at a loss), or tapped in money, is growing, and eventually in about 3 months should reach a 50/50 ratio which will make me breathe easier.

I have always had the goal of liquid assets > fixed assets because I never want to have to sell my house or car for money to live.

It would also be great if I could make it where my fixed assets are less than 10% of my net worth but that means I need to save $4.4 million so that may not happen. 🙂

Little Bun’s March 2019 Net Worth
$29,090.22
Or an increase of…
+$729.99 or +2.57%

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

He is doing well! GO LITTLE BUN!

I am hoping he will have a $40,000 net worth by the end of this year. Should be doable.

DIVIDENDS FOR THE PREVIOUS MONTH

$308.14

I tried looking at the transactions to parse out the dividends but it is just not clear enough for me to waste my time doing it, so you will always get my dividend report a month late.

I find that every quarter, my dividends go up, but on average, my goal is $1000/month in dividend income as a ‘side income’, that I could eventually use as a real income rather than making it reinvest back into buying more stock to snowball this income.

How did you do?

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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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4 Comments

  1. GYM

    Awesome work Sherry!! Where do you keep your car/ what category?

    Reply
  2. Church

    Finally, someone else who tracks their liquid and non-liquid assets and ratio. I myself have been trying to keep a 50:50 ratio, but find it very difficult given the 401k match.

    Great month! Keep it up.

    Reply
    1. Sherry of Save. Spend. Splurge.

      Well you can’t eat your house 🙂 Haha!!

      I really want to hit a 50:50 or even lower ratio, with more liquid than none…

      Reply

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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

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BEAUTY: swears by Paula’s Choice

——

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