In Budget Roundups, Money

October 2019: The Net Worth and Investments

 

Sherry’s October 2019 Net Worth

$882,306.46
Or an increase of…
+$41,168.63 or +4.89%

So basically, I made about $19,000 this month as my income or about half of that increase.

The rest is PURE INVESTING GAINS. Isn’t that incredible?

I did take an existing ~$50K I had in just plain cash / savings in a high interest account, and plowed it into the stock market all at once.

That $50K is still represented there, but I suspect it is what gave me that extra $20K boost in my net worth this month.

I ALWAYS keep a health emergency fund of around $100K because I don’t like selling investments when I am on the bench and having to sell when the price is low or out of desperation.

Otherwise, I’d always have my money invested, and instead of waiting for dollar cost averaging or putting in a small amount each month until the $50K was gone, I just did it all at once – $10K here, $10K there, buy buy buy … and it resulted in an additional $20K this month.

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.)


As for Fixed versus Liquid – I want my Fixed to be 10% of my portfolio at the end when I am ready to retire. This means I need to save about $4M to make this happen.

STRETCH GOALS, PEOPLE!!!!!!!!

I am really only aiming for $2M saved as a realistic amount but I am stretching myself to $4M now. I totally just made that up in the spur of this post and I want to try and reach it.

This year, my main goal is to hit $900K net worth and stay there as a stretch goal.

With my net worth increase like this though, I might reach it sooner than I thought and may have to revise that to something like $950K….

I was featured on Millionaires Unveiled!

Episode 105. Listen below. I am an ALMOST millionaire so that works.


My motto still holds:

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)

…credit card extra rewards cashback savings here:

  • PayTM Canada is also how I pay my municipal taxes, utility bills and so on with my bank and my CREDIT CARD (yes!! TO GET CASH BACK) plus I earn PayTM points for Amazon, Starbucks gift cards etc… Use my referral code [ PTM210713 ] for a free bonus 5000 points ($5 gift card).

…and invested here:

For the past year, my net worth looks like this so far.

It is a nice bump of over $100K from a year ago. Not too bad considering I did kind of do f#&@ all for income during the summer and took some time off to decompress from my toxic job (see the flat line in my graph? That’s my chill-out & spend time..)

I just started the contract this month, so the increase from September was pure investing gains, and then once I plowed half of my emergency fund freelancing money into the market, the gains were significant this month.

Plus, the increase in blogging income, and overall reselling closet income.. I am pretty pleased with the results of all the parts working together to increase my net worth.

Little Bun’s October 2019 Net Worth
$33,587.35
Or an increase of…
+$600.76 or +1.82%

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

Little Bun had a nice little bump this month. At this rate he should be more than fine for when he goes to university and tuition might be $50K a year.

We are also setting money aside from just educational funds, to pay for things he might want or need as he gets older – the half for his first used car or driving license, etc. I also plan on (when he starts working) going through his pay stub with him, teaching him about gross income versus net, investing, and the importance of savings, using my own portfolio as an example for him.

I want him to ultimately have ALL of the knowledge and tools at the age I wish I had been talked to for money – 16. When you start early, your knowledge just compounds into such returns, it is really incredible.

Here is a list of personal finance books you might want to get started with, and about the same set for us Canadians.

DIVIDENDS FOR THE PREVIOUS MONTH

$863.59

This is my mini dividend project details and my dividend short list of stocks I was looking at to buy for Canada and the U.S.

I want to set a goal of $12K a year in dividend income by the next 5 years.

So far, trucking along nicely, and am at around $7375 a year based on these numbers. I am hoping to get up to $10K by the end of this year, but we shall see.

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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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