I hope everyone had a great holiday. December saw some good performance in the stock market. US economy added 155,000 jobs in December, unemployment rate stayed at 7.8 per cent. This means all the government stimulus and spending in the past has halted, and now the pressure is on the private sector to create jobs and generate new taxes to help pay back the money borrowed from those stimulus programs. Overall I feel pretty confident about the global financial outlook in 2013.
- Part-Time Work = $1,100
- Dividends = $400
- Eating Out = $100
- Others = $2,500
*Net Worth: (MoM)
- Assets: total = $497,500
- Cash = $1,000 (–$19,200)
- Stocks = $68,700 (+$1,300)
- RRSP = $29,800 (-$700)
- Home = $248,000
- Farm = $150,000 (New)
- Liabilities: total = $357,200
- Mortgage = $204,500 (-$300)
- Farm Loan = $112,000 (New)
- Margin Loan = $20,900 (unch)
- Line of Credit = $19,800 (New)
- RRSP Loan = $0 (-$1,000)
*Total Net Worth = $140,300 (+1.67%)
Net worth on Dec 31st, 2011 = $102,300
So year over year change = +$38,000 (+37.1%)
I finally used all the money I had in a trust account to pay for the down payment on a farm so my net worth statement will have some new additions. Also the $2,500 expenses under the “Others” spending category is the legal fees associated with purchasing the farmland. Last year at this time I had just broken the 6 figure net worth mark. This year I am $38,000 wealthier and continuing on my way to financial freedom.
* Numbers are rounded to the nearest $100.