Sherry’s November 2018 Net Worth
Or an increase of…
+$24,465.23 or +3.08%
I did well this month because I make a decent income. I was hoping it would be $800,000 this month but I will hit it next month, fingers crossed.
LIQUID ASSETS = $350,195.87
A little over $350,000.
The rest of my net worth is my house + car.
I want to start splitting out fixed versus liquid assets because I want to build the liquid part to $2 million which is my retirement goal (so far, it might go down if I re-adjust my spending).
I am hoping this number will be around $600,000 by the end of next year, so I am working towards that, markets willing. <3
This would mean adding about another $250K to my net worth to make it to a million overall.
However I am not sure I can do that, there are limits to my income too.. So that is a STRETCH goal.
I also need to keep this contract to make that kind of money, so stock market + contract = the only two variables in my quest to a higher net worth.
Little Bun’s February 2018 Net Worth
Or a decrease of…
-$29.11 or -0.11%
Little Bun’s money comes from the government and whatever we get for him.
We are supposed to use that money for childcare expenses and so on but we just set it aside for him. We ourselves do get taxed on the money as it is a taxable benefit, but we pay the taxes for the money and he gets it free and clear.
I put in a max of $2500 a year, about $625 per quarter into his RESP and that gives me the maximum return on the money from the government matching funds.
DIVIDENDS FOR THE PREVIOUS MONTH
I have been working on increasing my dividend-paying portfolio. Bit by bit.
I think I am aiming for about $12,000 a year in dividend income (so an average of $1000 a month), but that will take a lot of capital. Nothing happens over night, I am working on it.
MAIN GOAL FOR THIS YEAR?
CLOSE OUT STRONG!!
Yeah. Make money, save it, work on restraining my spending muscle and to save save save (and return).