Net worth update – December 2015

A journey to become a self-made millionaire.

This is my 11th net worth updates report for the year 2015. For those new to my finance journey, a net worth update is a simple report I post every month which tracks the progress of my journey to reach my financial goals.

My ultimate financial goal is to become a self-made millionaire in 10 years by saving and investing in stable dividend paying blue-chip companies.

There is not a big change in our net worth last month.

In November, stock market continues moving ups and downs so violently. I just made very tiny gain in my net worth due to the saving from day job salary.

Now, let’s look at my net worth changes in numbers.

Last month, my net worth increased by $200 or 0.18% from my last update.

Also, I received $276.00 dividend income during the period

Net worth update as of November 30, 2015 (+0.18%)

Assets:$427 000 (+$100)

• Cash: $800 (+$100)


• Home: $265 000 (no change)


• Canadian Stocks: : $125 100 ( -$3100) – Recent purchases


• U.S. Stocks:$33900 (+$2700)


• Employer’s Pension Plan: $2200(+$400)

Liabilities:$316 900 (-$100)

• Mortgage :$189 700 (-$300)


• Student loan: $26 700 (-$100)


• Margin loan:$61 300 (+$15 400)


• Credit card 1:$0 (-$7300) (Paid-off)


• Credit card 2: $9600 (-$100) (low interest credit card – 0.99% special rate for 15 months – will be expired in March 2016)


• Credit card 3: $0 (-$8600) (Paid-off)


• Credit card 4:$0 (-$4300) (paid-off)


• Credit card 5: $0 (no change)


• Credit card 6: $4800 (+$4800) (low interest credit card – 1.99% special rate for 6 months – will be expired in April 2016)


• Credit card 7:$14 300 (-$100) (low interest rate of 1.99% on balance transfer for 6 months – will be expired in March 2016).


• Credit card 8:$1500 (+$500) – (regular expenses) – high interest rate of 19.99%.


• HELOC : $9000(no change) -(low interest – 3.35% – primte + 0.5%)

Net worth :$110 100 (+$200) as of November 30, 2015

My net worth up by 0.18% since my last update.

Note

• all amounts are rounded to the nearest $100;
• all numbers are in CAD; and
• Conversion rate 1.00 USD = 1.38 CAD

I have a huge credit card debts because I took advantage of low balance transfer promotion rate and invested in high quality dividend stocks. Taking modest risk and leveraging are the keys to become wealth.

Total increased in the year 2015 is $28 100 .

My debt level was slightly decreased in November.

Thank you so much for being in my finance journey and for your support.

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