Aug 092017
 

It was a slow month in July. But  at least I’m back in the black. 🙂 Household expenses were pretty normal, but incomes were above average; I received $800 of interest payments from a variety of loans such as P2P lending contracts and mortgage investment corporation funds. Yay!

Liquid’s Financial Update

*Side Incomes:

  • Part-Time = $1100
  • Freelance = $700
  • Dividends = $800
  • Interest = $800
*Discretionary Spending:
  • Fun = $300
  • Debt Interest = $1100

*Net Worth: (ΔMoM)

  • Assets: = $1,111,700 total (-2,000)
  • Cash = $2,500 (-2800)
  • Canadian stocks = $146,400 (Unch)
  • U.S. stocks = $91,400 (-200)
  • U.K. stocks = $19,900 (-200)
  • RRSP = $83,100 (+500)
  • Mortgage Funds = $31,500 (+500)
  • Peer-to-Peer Lending = $21,100 (+200)
  • SolarShare Bonds = $9,800
  • Home = $270,000
  • Farms = $436,000
  • Debts: = $481,600 total (-4,400)
  • Mortgage = $182,500 (-400)
  • Farm Loans = $188,300 (-500)
  • Margin Loans = $57,900 (-2400)
  • TD Line of Credit = $12,400  (-600)
  • CIBC Line of Credit = $24,500 (-500)
  • HELOC = $16,000 (unch)

*Total Net Worth = $630,100 (+$2,400 / +0.4%) 
All numbers above are in $CDN. 

I took some savings in July and paid down some of my higher interest debts. Now that the cost to borrow is 0.25% higher I have to lower my overall debt to not become overwhelmed by interest payments.

 

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Random Useless Fact

Sometimes tough love is the best way to learn.

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DivHut
08/08/2017 2:02 pm

$800 in dividends is awesome for a “slow” month. Keep up the good work!

Jason
Jason
08/09/2017 11:10 am

Nice update.
Can you post the interest rates per each debt ?

Jason
Jason
08/09/2017 1:28 pm

Sorry I meant the interest %

Matt Tilstra
Matt Tilstra
08/09/2017 12:28 pm

Do you ever consider investing further into BC real estate?

Immi
Immi
08/10/2017 11:30 am

Great blog.

Do you have a primary job or do you just focus on freelance and part time for primary income sources.

Thanks.

TheBrain
08/10/2017 1:51 pm

I found your site about a month ago. You have a unique perspective about investing that challenged some of my assumptions, and that’s refreshing. Your site along with a few others helped motivate me to start my own blog in fact, which I had been putting off for quite some time. Keep up the great work.

TheBrain
08/11/2017 9:55 am

Thanks for the kind words. The remodel is taking longer than we’d hoped, but such are the joys of buying a fixer upper. We’re hoping the equity added will be well worth it, but only time will tell.

PwedePadala
08/12/2017 8:31 am

The MIC piqued my interest and will read more about it on your blog and whatever’ it leads me to.

Will TSE:MKP be treated as a stock? As in investor has to pay like buying a stock w/o tax expense in TFSA? I’m surprised to find out that the price is lower yet with higher returns than REIT.😊 Glad to know other ways of investing. Thanks for sharing a diversified portfolio.

GYM
08/25/2017 6:04 am

Another great month for you! $800 through P2P lending etc is great! $800 in dividends is great too, I don’t think I’ve ever reached that amount yet in a month.