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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14 Comments on "July 2017 Fiscal Update"

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

Jason
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Jason

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

Matt Tilstra
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Matt Tilstra

Do you ever consider investing further into BC real estate?

Immi
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Immi

Great blog.

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

Thanks.

TheBrain
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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.

PwedePadala
Guest

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.

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