Fiscal Update – Sept 2012

We’re three quarters done the year already. Time goes by so fast and it waits for no one. The impact of time on the world’s demographics have changed it so much. For example, according to Statscan in just the last 20 years the number of seniors in this country has increased by 57.6%, while the number of children (14 years and under) fell 3.6%. I am concerned about what will happen in another 20 years from now if this trend continues. But I am hopeful that if I stay the course I will eventually have enough money to support my family and be financially independent despite the circumstances :D. September’s fiscal update details below.

*Side Income:
  • Part-Time Work = $1300
  • Dividends = $300

*Discretionary Spending:

  • Eating Out = $0
  • Others = $200

*Net Worth: (MoM)

  • Assets:
  • Cash = $16,800 (+$12,500)
  • Stocks = $68,300 ($7,700)
  • RRSP = $30,600 (-$100)
  • Home  = $248,000
  • Liabilities:
  • Mortgage = $205,600 (-$300)
  • Margin Loan = $16,900 (Unch)
  • RRSP Loan = $7,500 (-$800)

*Total Net Worth = $133,700 (+4.7%

Great month overall mainly because of the nice boost to the stock market. This is why it pays to be a long term investor. You never know when the markets will be working in your favor, so just stay in. On the other hand, I did sell about $10,000 of my stocks in September. But hey, do as I say, not as I do 😛 This means my dividend income will be reduced. But I want to keep some cash handy to purchase some farm land if the opportunity arises. I’m currently looking in Saskatchewan (on the internet) to buy a few hundred acres of agricultural real estate. So the stocks that I’ve sold in September will go towards footing the down-payment for my farm later this year. Will write more about that in detail soon.

* Numbers are rounded to the nearest $100.

Author: Liquid Independence

Editor in Chief at Freedom 35 Blog.

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10/01/2012 8:14 pm

Looks like you did great with your net worth this month!

10/02/2012 11:59 am
Reply to  Michelle

Thanks, I’m hoping to reach $150K by the end of the year.

Alex Yang (@yyangalex)
10/01/2012 8:55 pm

damn dude, farmland haha. hope that works out for ya 🙂 hear they can be rented out to farming corps for pretty good amount

10/02/2012 12:01 pm

Yup, everyone’s gotta eat. I’m happy to even get just 3% for rent of the purchase price. But the more the better of course :O)

Not Working
Not Working
10/02/2012 5:06 am

May i buy a 1 foot of land and claim i live and Saskatchewan with ya ? i love how they only pay 10% in taxes

10/02/2012 12:08 pm
Reply to  Not Working

Yes you may heheh. A square foot of farmland will only set you back like 2 cents lol. Alberta and Saskatchewan are both low tax provinces, probably the 2 lowest in the country.

Steve@The Loonie Bin
Steve@The Loonie Bin
10/02/2012 6:04 am

A few hundred acres? That’s A LOT of land. I’m looking for wooded land myself. Much cheaper and can always be turned into good farmland from all the mulch covering it for years.

10/02/2012 12:11 pm

That’s right, go big or go home 😀 Woodland is cool too. You can also buy a mixture of the two so you can grow some crops as well as go hunting in your own gigantic backyard ^_^

John S @ Frugal Rules
10/02/2012 7:45 am

Awesome work on the net worth. I completely agree about having a long term view in regards to the market as you never know what’s going to happen.

10/02/2012 12:14 pm

Yeah my net worth seems to have a high correlation with the stock market right now. So I’m looking to diversify my assets a bit with some other investments with long term potential as well.

10/02/2012 9:53 am

Nice solid increase on your net worth this month! Good luck with your continued search on farmland! 🙂

10/02/2012 1:04 pm
Reply to  Vicky

Only a matter of time now :).

10/02/2012 3:48 pm

Nice work! Well done and good luck on securing the real estate!


10/02/2012 4:15 pm
Reply to  myownadvisor

Thanks, your dividend income is going really well too.

10/03/2012 3:48 pm

Great work man. It’s awesome that your stock portfolio could drop 7k this quarter and you still grew your NW 4%+. And for every such bad quarter in the marktes, you’ll have multiple good ones over the long run.

10/05/2012 1:24 am
Reply to  Joe

Yup, good thing I put the money from my stocks in my savings account. Spending that much cash would have been a mistake, but it’s all about the bigger picture like you said.

Simple Rich Living
Simple Rich Living
10/03/2012 6:18 pm

Nice work! It’s extremely impressive what you have accomplished so far in responsibly managing and growing your money at such a young age!!! I definitely need some tips from you on you managed to spend zero dollars on eating out. This is unfortunately one of my biggest spending categories 🙁

10/04/2012 11:13 am

I actually spent like $30 for lunch and snacks and what not. But since everything is rounded to the nearest hundred dolalrs, I plugged in $0 for eating out. There were months in the past where I spent actually zero dollars eating out, but that’s rare. To help myself save money on food, I just think “do I have any food at home?” If I do, which is like 99% of the time, then I just think “I can wait until I get home to eat.” So that’s how I do it.

10/05/2012 11:20 am

Nice work! It is easier to ignore short term fluctuations in the market if you keep the big picture in mind.

10/05/2012 11:50 am
Reply to  NoTrustFund

That’s right. Hopefully after this US election the markets will do really well.