Jan 112015
 

When the Toronto stock exchange dropped  8% in the first 2 weeks of December I thought 2014 was going to end on a down month. But fortunately confidence came back to the market and investors pushed stocks back up. In the end it was a pretty flat month with minor gains in some sectors. 🙂 Had the TSX stayed down at 8% below November’s close, my net worth would be down $13K right now instead of actually being up by $3,300 for the month. Phew. 😎

*Side Income:

  • Part-Time Work = $700
  • Dividends = $500
*Discretionary Spending:
  • Fun = $200
  • Debt Interest = $1500

*Net Worth: (MoM)14-11-fiscal-update-net-worth

  • Assets: = $837,400 total (+1,700)
  • Cash = $2,800 (+800)
  • Stocks CDN =$87,900 (+500)
  • Stocks US = $53,300 (-500)
  • RRSP = $51,400 (+900)
  • MICs = $15,000 (same)
  • Home = $254,000 (same)
  • Farms = $373,000 (same)
  • Debts: = $517,800 total (-1,600)
  • Mortgage = $195,700 (-300)
  • Farm Loans = $203,500 (-400)
  • Margin Loan CDN = $26,900 (-300)
  • Margin Loan US = $25,100 (+700)
  • TD Line of Credit = $30,000  (-400)
  • CIBC Line of Credit = $10,400 (-400)
  • HELOC = $18,200 (same)
  • RRSP Loans = $8,000 (-500)

*Total Net Worth = $319,600 (+1.0%)
All numbers above are in $CDN. Conversion rate used: 1.00 USD = 1.18 CAD

Overall it’s been a terrific year. I’m almost worth $320K now. Yay! Here’s a comparison to last year.

Dec 2014Dec 2013
Assets$837,400$742,500
Debts$517,800$533,600
Net Worth$319,600$208,900

 

So that’s a six figure annual increase. Not too shabby. It’s actually the best year for me so far. 😀 Most of this wealth surge in 2014 was due to the continuing increase of asset prices. About 5 years ago I went on a mission to build up my financial assets. By the beginning of 2014 I had accumulated about $750K of gross assets. Most of that amount is financed by long term bank loans.

I’m a big believer in the profitability of the financial markets so I often blog about new stocks I’m buying. 🙂 A couple of years ago I shared my experience about buying a farm and how to purchase one. I also wrote about the real estate market and how to invest in someone else’s mortgage.

The overall North American stock markets were up about 10% in 2014. My other investments also returned about 10% on average.

10% of a $750K portfolio is $75,000, which represents the bulk amount of my net worth increase in 2014. 😀 $75K is even more than my gross annual income. The best part is I’m now able to start this new year in 2015 with even more assets than before, over $800K. Hurray for owning productive financial assets that earn perpetual dividends! The remaining part of my net worth increase came from paying down debt, side hustling, and savings.

I started buying stocks $1,000 at a time back in 2010. I still have the first few stocks that I purchased like Enbridge and Rogers. Today they are worth a lot more. In 2011 I increased my stock portfolio to over $50K with the help of borrowed money. I had over $100K in stocks by the end of 2012. Investing doesn’t have to start with a lot of money. It just has to start somewhere. 🙂 Sometimes things aren’t clear right away. That’s why we have to be patient and persevere and see where things lead. It’s not always easy. But it is worth it. 😉

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Random Useless Fact:
Apparently women find salad hilarious.

15-01-women-find-salad-really-funny-hilarious

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18 Comments on "Fiscal Update Dec 2014 – Best Year So Far"

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Financial Underdog
Guest

Awesome work, Liquid! Sure is nice to see the upward motion towards the seven digits club 🙂

Is your MIC value not changing because it’s not publicly traded?

Investing Pursuits
Guest

Congrats on the massive increase in year over year in the networth.

JR
Guest
JR

Good job Liquid! Your year over year chart really puts it into perspective!

Have you considered reporting your monthly debt decreases with a green font instead of a red font? I am thinking that both an increase in assets should be green, along with a decrease in debt because both actions expand your net worth.

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[…] worth has grown to $320K. Once again the majority of the year’s net worth growth came from investment decisions I’ve made in previous years like buying farmland and stocks. In 2015 I hope to end the year with $400K in net […]

TheEighthDigit
Guest

Congratulation a 6 digit increase is pretty impressive. If you look at the % you increase your networth by 52% in a year !

Do you plan on keeping the same level of leverage for the next few years or do you have a plan to lower the risk at some point ?

The Asian Pear
Guest

Wow. That is a crazy fantastic year! 😀 Good job.
Random AP Fact: My profile pic on WhatsApp is of me eating salad. I am nowhere as thrilled as these girls. In fact, I am down right grumpy. Steak > Salad

Olivia @ Essential Finances
Guest

Do you think you’ll be buying any more farmland now that the rents have gone down? Would you recommend buying a farm now just to have one in my portfolio? What would you recommend investing in now that would bring about passive income now that oil prices have dropped so significantly?

Olivia @ Essential Finances
Guest

Thanks for replying! 🙂

BeSmartRich
Guest
BeSmartRich

Great post and what an amazing 2014 that you had.

J. Money
Guest

Way to go! You just moved up a cple notches on our Net Worth Tracker 😉

http://rockstarfinance.com/blogger-net-worths/

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