We are now 3 quarters into the year. The S&P 500 and Nasdaq both hit an all time high to close out September. Up here in Canada the S&P/TSX Composite grew by 3.7%. Gross domestic product (GDP) was essentially unchanged, at zero per cent growth in July compared with June, Statistics Canada said last week. I suspect that the slower start to Q3 is indicative of what’s to come for the rest of the year. The good thing is inflation should remain low at sub 1.6%. I wonder if the Bank of Canada raised interest rates too quickly over the summer.
September had turned out to be a great month. A rising stock market raises all boats so my brokerage accounts performed well across the board. I’m quite happy with the outcome. 🙂
Liquid’s Financial Update
*Side Incomes:
- Part-Time = $700
- Freelance = $1200
- Dividends = $800
- Interest = $600
- Fun = $400
- Debt Interest = $1300
*Net Worth: (ΔMoM)
- Assets: = $1,121,700 total (+9,100)
- Cash = $3,600 (+600)
- Canadian stocks = $151,700 (+3200)
- U.S. stocks = $93,900 (+3500)
- U.K. stocks = $20,200 (+500)
- RRSP = $83,900 (+1500)
- Mortgage Funds = $31,300 (-200)
- Peer-to-Peer Lending = $21,500 (+200)
- SolarShare Bonds = $9,600 (-200)
- Home = $270,000
- Farms = $436,000
- Debts: = $474,700 total (-4,000)
- Mortgage = $181,700 (-400)
- Farm Loans = $187,300 (-500)
- Margin Loans = $57,600 (-100)
- TD Line of Credit = $9,400 (-1800)
- CIBC Line of Credit = $23,000 (-1000)
- HELOC = $15,700 (-200)
*Total Net Worth = $647,000 (+$13,100 / +2.1%)
All numbers above are in $CDN.
My year over year net worth gain is $109,500. I plan to continue paying down debt while building up my retirement fund over the next 3 months. By the end of this year I hope to have a net worth of $675,000.
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Random Useless Fact
F35,
Looks like all arrows on the balance sheet graph are pointing the right direction. Nice work. As a new reader to the site and trying to build side income streams myself, curious how you generate your part time and freelance income.
Tom
Hey Tom. My part time job is teaching graphic design at a private school in downtown. I only work a couple of shifts a week and the wage is decent so I’m pretty lucky. I first got the position when someone I knew at the school was retiring from teaching and recommended I take over his class. The school accepted me and I’ve been working there for nearly 10 years now. My freelance income comes from graphic design and content management that I do on the side as a freelance artist usually on the weekends. Most of this business comes from word of mouth and repeat customers. 🙂
Thanks for the thoughtful response. I am a part time teacher too at a private University. I really enjoy it and hope you enjoy teaching as much as I do. Tom
Love the useless fact! So funny. And great job on the increase. 2% at that absolute amount is really phenomenal. Thanks for sharing,
Thanks Dan. Whatever we track tends to grow. 🙂
Great job (as always!). Also love the random fact about Harrison Ford! I didn’t know the inflation rate is so low, it feels higher given how groceries are so expensive these days!
I always thought your freelance income was from blog income 🙂
Yes, that’s part of it. My blog typically brings in about $25 to $50 per month. The bulk of my freelance income is from my graphic design contracts. 🙂
F35, Your response to GYM prompted a question. I just started my first blog in a similar niche to yours and am trying to build some traffic. I’d love to make $25-50 a month like you someday on my blog to cover my costs and provide a little “beer money”. Other than putting up Adsense adds currently paying pennys a week, I haven’t focused on monetization yet. Could you share the source of your blog revenue and any tip(s) on how you built it? Your archives suggest you have been blogging successfully for years, so I’d love to hear your thoughts based on your experience. Thanks in advance, Tom
Hey Tom. I don’t have too much experience in this field because I’ve never focused much on monetization so I may not be the best person to give advice on this subject. My blog made no money during the first 2 years. I started making about $5/month starting from the third year from Adsense. I know other bloggers make money from newsletters and sponsors but I’ve never really gotten into those types of strategies. My biggest income source is still Adsense today, with a few banner ads here and there. You can read more about my blog income sources here, https://www.freedomthirtyfiveblog.com/2015/07/blogging-income.html. 🙂 I think if we make it a priority we earn at least $100/month from blogging easily, and many other bloggers do. I choose to focus on other revenue streams such as investing so I know I’m not making the most effective use of my blogging traffic lol. Speaking of which, the best way to build traffic I’ve found is to write quality content that is unique. The longer you can keep that up the more traffic you’ll have. My traffic for the first few years were very low. It takes time but if you have patience you will… Read more »
Liquid, Thanks for your thoughts and the links. I will check them out. We are similar in that monetization is not a huge priority for me either. Just want to cover my out of pocket costs and bring in a little extra for fun. Tom
Chug a-chuga… Nice to see you are addressing your debt levels 🙂 paying debt down in good years and re-borrowing in bad doesn’t make sense to many but us, that understand the math and investing behaviour. Cheers
Yeah, interest rates are up 0.50% this year so I’m using more of my disposable income to pay down debt rather than invest. 🙂 It makes sense.
Just checking out my year over year from Sept 16-Sept 17 I went from $465827 in Sept 2016 to $819102 in Sept 2017. I turn 36 in March so I hope to eclipse 1M by then…
Sweet mother of pearl. That’s some great gains. 🙂 Hope you reach millionair status by your birthday next year. That would be financial milestone worth celebrating.
It is always nice to see the net worth goes up. Good for you!
Thanks mate. 🙂