A short intro for new readers
If you are not new here, then you can simply skip to the next section.
For those new to my finance journey, this net-worth update is a simple report I publish 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 by December 2024 (10 years plan). I have a strong belief that I can achieve this goal by saving and investing in high-quality dividend-paying blue-chip companies. I am also a strong believer of ‘compounding’ power, and I believe if I can push myself now and build a decent net-worth, then the ‘ compounding effect’ will give a heavy lifting in my later part of this journey.
I am posting all my financial information on this website because I love to inspire and motivate people to start their own journey to reach their financial freedom. You could learn from my successes and failures (experience) and improve your financial knowledge.
Along the way, I make financial mistakes and will share my experience here with you. So, you could learn something, avoid those mistakes and save money.
Also, I like to publicly track my progress and get feedback from like-minded people.
December Net-worth Update
My net worth increased by $31 100 or 5.36% in December, and I passed the new milestone of $600K for the first time.
I was highly pleased with my portfolio performance in December. The last month was one of the best performings in my journey.
My assets value reached a record high, and my debts level had already reached a new high.
With this high inflation environment, my leverage investing has worked in my favour.
January was a volatile month for the stock markets, especially in the high-flying tech sectors.
I didn’t have significant exposure in the high-growth area.
Therefore, investment portfolios have been doing well despite the general market volatilities.
I haven’t yet done the calculation for January, but I believe it will be another positive month for my net worth gains.
Net-worth change in December 2021
Assets value
My assets value increased by $41 300 and reached to a new high of $106 7100.
My asset value has been growing faster with assets appreciation, dividend reinvestment and new assets purchases. I believe the value of my asset will continue to grow over the long run.
Liabilities
My debt increased by $10 200 due to some investment purchases using margin loans.
My debts are high, but I am not too worried about it now. I moved most of my debts into a fixed-long term mortgage. Therefore, debts related costs and payments are more predictable and easy to handle.
I have over $200 k available credits from margin loans and a line of credits. I won’t spend them on any unnecessary things.
I will only use my debts for assets purchases. If the market gives me opportunities, I will be happy to scoop up some assets.
Net-worth
Overall, my net worth was up by +$31 100 or 5.36% in December.
My $50K milestones
| $50k | May 2014 | – |
| $100k | May 2015 | 12 months |
| $150k | October 2016 | 18 months |
| $200k | June 2018 | 20 months |
| $250k | April 2019 | 10 months |
| $300k | January 2020 | 9 months |
| $350k | November 2020 | 10 months |
| $450k | Home price reassessment | – |
| $500k | March 2021 | 4 months |
| $550k | June 2021 | 3 months |
| $600k | December 2021 | 6 months |
Let’s see my net-worth in numbers.
As I always say, I am here to share my financial freedom journey with this site’s readers. My financial goals, financial situations, and risk tolerances are much different from yours, and blindly copying my ideas may not benefit your life. Please do your research or discuss with qualified financial advisors before making any financial decisions.
December 2021 Net-worth Update
Net worth update as of December 31, 2021 ()
Assets: $106 7100 ()
- Cash: $1800 (no changed)
- Home: $395 000 (no change) –conservative estimated value
- Canadian Stocks: : $531 000 ( )
- Small-cap Portfolio: $18 700 ( )
- U.S. Stocks: $66 000 ( )
- International Stocks: $12 200 ( )
- Employer’s Pension Plan: $42 400( )
Disclaimer..
Please note the information posted on this website is the opinion of my own and should not be considered as professional financial advice. I am not a financial professional, and I can buy, sell, or hold any investment at any time.
Any transactions I publish on this website are not recommendations to buy or sell any securities or investments.
My financial situations, goals and risk tolerances will be much different than you. Therefore, please do your own research or consult with a qualified financial professional before even considering using the information obtained from this website.
Liabilities: $455 600 ( )
- Mortgage -1:$173 100 ( )
- Mortgage -2: $131 400 ( )
- Student loan: $4600 ()
- Margin loan: $146 300 ()
- Credit card 7: $200 () – (regular expenses)- high interest rate of 22.99%.)
Net worth : $611 500 ( ) as of December, 2021
My net worth was up by since my last update.
Note
- all amounts are rounded to the nearest $100;
- all numbers are in CAD; and
- Conversion rate 1.00 USD = 1.2658 CAD
I have a huge credit card and margin debts because I take advantage of low balance transfer promotion rate and invest in high quality dividend stocks.
Thank you so much for following my finance journey and for your great support.
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