Last updated: May 01, 2014
This is my third net worth updates report. I will be posting my net worth updates by the end of months.
April was one of the busiest months for me as I was seriously looking to buy a home in Toronto area, but no luck within my budget, but I won’t give up until I find a suitable house for my tiny family. “Quitters are losers” is one of my favourite quotes that I use to motivate myself.
My net worth increased by from my last update. My dividend portfolio organically gained 2.5% (no new stocks or cash transfers into those accounts) in April 2014.
Hopefully, my next net worth update will be even higher as I will be getting a bigger tax return for the year of 2013.
Net Worth Update May 01, 2014 ()
Let’s look at my net worth in numbers:
Assets: $115 200 ()
- *Cash : $20 000 (no change)
- Canadian Stocks:$79500 ()
- U.S. Stocks: $15700 ()
Liabilities: $65 700 ()
- Student loan: $30000 ()
- Margin loan: $1700 ()
- Credit card 1: $6800 () (low interest credit card – 0.99% special rate for 8 months)
- Credit card 2: $9600 () (low interest credit card – 0.99% special rate for 12 months)
- Credit card 3: $7800 () (low interest credit card – 1.99% special rate for 6 months)
- Credit card 4: $9800 () (low interest credit card – 0% special rate for 6 months)
- Credit card 5: $0 (low interest credit card – 2.9% special rate for 6 months)
Net worth : $49500 ()
My net worth 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 = 1.10 CAD
*I usually don’t keep cash in my bank accounts, but I am planning to buy a small house by end of the year and holding $20 000 cash in my bank account for down payment.
I used the credit card balance and invested in high quality dividend stocks. Taking modest risk and leveraging are the key to become wealth.
Way to go! Your doing a great job reducing your liabilities while adding to your assets. A 10.24% gain is a very good month. Keep it up. Wish you continued success!
Thank you for your support, Feel so good to see good gain in numbers.
You are way ahead of us and have more than 0.5 million net worth. Good job! Frugal living is a way to become rich.
Nice going bro 🙂 That’s great how all your credit card interest rates are so low haha. I’m sure you’ll surpass $50K once you get your tax refund. Good luck with the real estate search. Anything your mind can conceive, you can achieve 😀
“Nothing is impossible, the word itself says, ‘I’m possible!’”
– Audrey Hepburn
Thank you Liquid for the support! Much appreciated. I am not sure why all my credit card interest rates are so low, I always get promotion rate from banks.. May be my credit history is so good :D. Thank you once again for the quote :).
Congrats! And way to track all this 🙂 Just added you up to our Blogger Net Worth Tracker list. Hopefully over time you’ll climb to the top of it, eh?
http://rockstarfinance.com/blogger-net-worths/
Thank you J. Money for adding my site in the list. I will try my best to climb up to the list.
Good job! you almost have $50 000 net worth. A way better than many of us. Keep it up.
Thank you Fazil,
Yes, I am very close to my first $50 000, hopefully hit it in a week.
Cheers,
Congrats on a successful month, FI. 10% is huge gain in one month for your net worth. Keep it up.
My wife and I are also shopping for a house this year in Ottawa and are moving some of our assets to a cash position.
Best wishes
R2R
Hi Roadmap2Retire,
Thank you for stop by!
I feel so happy when I see my net worth in numbers. Yes, it is a huge gain for me because I was in deep debt a year ago because of my student loan.
Ottawa is very nice place to live. Very quite and beautiful city. My cousin lives in Ottawa, and bought a new townhouse last year.
Thank you,