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.
March Net-worth Update – a milestone
My net worth increased by $31 300 or 6.37% in March and reached a new milestone of $500k or half-a-million net worth.
I am halfway into my journey. Still, there is a long way to reach one of my financial goals. I hope that I have paved a way to get there soon.
Net-worth change in March 2021
Assets value
My assets value increased by $35 600 last month and reached a new high of $913 800.
I believe the value of my asset could reach $1 million or even go higher by the end of this year.
If it happens, it would be the best achievement in 2021.
All assets values are flying high fuel by excess government spending and low-interest rates. I think it will continue to go higher. There will be some speed bumps along the way, but they will be temporary.
Liabilities
My debt increased by $4300 as I purchased some investments in using my margin debts.
I am not too worried about my debts now. I moved most of my debts into a fixed-long term mortgage. Thus, handling my debts is much easier than ever before.
I have so many credits available to use, but I will be used only to purchase assets. I won’t spend them on any unnecessary things.
Net-worth
Therefore, my net worth increased by $31 300 and reached a new milestone of $522 700.
As I always say, leverage investing is very risky. If you don’t use it properly, it will destroy your wealth. Please do your research or discuss with qualified financial advisors before making any financial decisions.
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 |
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 than yours and blindly copy my ideas may not benefit for your life. Please do your research or discuss with qualified financial advisors before making any financial decisions.
March 2021 Net-worth Update
Net worth update as of March 31, 2021 ()
Assets: $913 800 ()
- Cash: $1800 ()
- Home: $395 000 (no change) –conservative estimated value
- Canadian Stocks: : $394 600 ( )
- Small-cap Portfolio: $12100 ( )
- U.S. Stocks: $60 600 ( )
- International Stocks: $12100 ( )
- Employer’s Pension Plan: $37 600( )
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: $391 100 ( )
- Mortgage -1:$177 900 ( )
- Mortgage -2: $134 600 ( )
- Student loan: $5400 ( no change )
- Margin loan: $58900 ()
- Credit card 3: $14300 () (low interest credit card – 0.99% special rate for 12 months – expires in November 2021)
- Credit card 7: $0 () – (regular expenses)- high interest rate of 19.99%.
- Credit card 1: $0 ( no changed )
- Credit card 2: $0 (no changed)
- Credit card 4: $0 (no changed )
- Credit card 5: $0 (no changed)
- Credit card 6: $0 – (no changed
- Line of Credit 1 : $0 (no changed)
- Line of Credit 2 : $0 (no change)
- Line of Credit 2 (HELOC) : $0
Paid-off loans
Net worth : $522 700 ( ) as of March 31, 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 = 1.2577 CAD
I have a huge credit card 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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