In Budget Roundups, Money

Year 2019: Net Worth in Review

PREVIOUS YEARLY BUDGETING ROUNDUPS

Sherry’s Final Year End 2019 Net Worth

Started at: $772,324.12

Ended at: $928.289.26

Or an increase of…

+$155,965.14 or +20%

I am about $72,000 away from being a millionaire

Isn’t this exciting? I could be here by February, if not March 2020!

My net worth over the years: 2013 to 2019

These are my net worth increases over the years:

  • 2013: $17,129.54
  • 2014: $75,566.44
  • 2015: $255,778.79
  • 2016: $(43,229.53)
  • 2017: $107,415.33
  • 2018: $166,648.07
  • 2019: $155,965.14

It is kind of incredible looking back at my net worth increases from the previous years.

I didn’t work for most of 2013 to 2014 because I was pregnant with Little Bun, and then on maternity leave, but my net worth STILL went up due to my investments reinvesting into themselves.

I did so well in 2015 – I saved over $250K – that I decided to take the next year off to decompress from a toxic project.

I needed the break, and my net worth increase from that year helped pay/smooth it forward for the following year.

In 2016 we bought a home and my net worth dropped significantly because I took a lot of money out of the market to pay my home in cash.

I started working again in 2017 to 2018 nonstop, but then I took a break this year, and took 5 months off in 2019 to hang out for the summer with Little Bun.

The WHOLE POINT of me working and saving my money, is to just get my net worth to snowball.


I want it to start small ($17K) and then snowball into bigger and bigger net worth increases just by being invested in the market and having my money grow for me.

In that time, I have made some bad bets I am waiting on to pay off (GRR! OIL!!!) from 2014, and 5 years later, I am still waiting for oil to pick back up from its depressed levels.

Going forward, I won’t be picking specific industries that rely on the whims of country leaders and economies, I’ll be looking at more stable, less sexy industries and stocks like in utilities and banks.

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.)

I am pretty happy with everything. So far so good!

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:

My personal finance (PF Sc0re):

Here! What’s a personal finance score?

I am definitely at Lean FIRE retirement which is “beans and rice” bare minimum, lean living with $2000 or under expenses.

I’d ideally like $3000 a month for expenses and then $4000 a year for travel or vacation. That’s my bare minimum, but I am also going to try and make it even more than that so I can feel VERY comfortable/secure.

Basically, I’ll stop working when I want to.

When I really hate it and I can’t go on any longer (haven’t reached that point yet). Right now I am only working 57% of the time, so honestly, I already feel like I am semi-retired.

If you’re also interested, I came up with a chart of how much you need to have saved by the end of retirement for a certain level of income:

Little Bun’s Final Year End 2019 Net Worth

Started at: $26,145.98

Ended at: $35,874.30

Or an increase of…

+$9728.32 or +37%

Not too shabby Little Bun. His investments are going up nicely and he has more than a decade to go before I start scaling back his investments to ‘safer’ vehicles so I can preserve the wealth when he needs it to pay for going to school.

(Well, his Mommy is doing the investing for now, but he will learn soon enough).

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’s Net Worth since 2014

He has been doing well since he was born. <3

I am hoping to have over $100K for him by the time he starts school. We are using some of the savings to pay for his private school tuition when he hits secondary school, so it isn’t all 100% going to be for university.

I am aiming for $25K/year per year for each 4 years of university.

Here’s to 2020!

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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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