Fiscal Update – Nov 2011

That 4% global stock rally a couple days ago was insane. First time I’ve ever seen something like that. I basically became $3,500 richer within the first opening hour! At least on paper anyway. That’s comparable to a CEO’s wage.

     Got an extra payment from my part-time job because of how their accounting works. Paid down some debt. Spent a lot on books and games. Bought a personal finance title called Millionaire Teacher, by Andrew Hallam. Also purchased the new Super Mario game and Uncharted 3, Collector’s Edition. Amazon made a killing from my wallet in November. Spent a little less than usual on groceries though. Didn’t go too much over budget overall.

 
*Side Income:
  • Part-Time Work = $1,000

     

  • Dividends = $200

*Discretionary Spending:

    • Eating Out = $100

 

  • Others = $400

*Net Worth: (MoM)

    • Assets:

 

  • Cash = $4,100 (+$600)
  • Stocks = $59,100 (-$1,200)
  • RRSP = $20,700 (UNCH)
  • Home  = $243,000 
  • Liabilities:
  • Mortgage = $208,800 (-$300) 
  • Bank Loans = $20,200 (-$3,000) 
*Total Net Worth = $97,900 ( +2.84%) 


* Numbers are rounded to the nearest $100.

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$25000 Dividends
$25000 Dividends
12/03/2011 11:09 am

Hey Nice to see that someone else is also striving for financial independence at a young age. While I'm a bit older than you are (30) I am also striving for financial independence. I'm aiming for about 40. Like you i'm trying to increase my dividend income.

Keep up the good work.

$25,000 Dividends

Liquid Independence
12/03/2011 11:26 pm

Thanks $25,000 Dividends. I wish more gen Y like us would take investing seriously. Good luck with your dividends.

Anonymous
Anonymous
12/12/2011 7:47 pm

I am aiming for early retirement/financial independence 45… I am also on Networth IQ. Just 5 more years to go. Wife and I are saving like mad. Like the blog!

Liquid Independence
12/13/2011 8:47 am

Thanks Mr. Anonymous. Hope you and your wife accomplish all your goals.