Fiscal Update Nov 2019 – Millionaire Status Achieved

Best Bull Market Ever

Stock markets are at record highs. The year to date return of the S&P 500 is 25% – a staggering performance! But of course making money from companies isn’t just about percentages. Otherwise everyone would simply invest in hard liquor. Because where else can you get 40%? ๐Ÿ˜Ž

In 2008 my net worth was $0. But thanks to the strong market performance over the last 11 years I’m finally a legit millionaire! Hurray! ๐Ÿ˜€

I’m currently worth $1,024,500 ๐Ÿ˜€.ย  Apparently only 1% of self-made millionaires become wealthy before the age of 40. So I feel very fortunate to have this experience now. But my journey is far from over. In about 3 years I will be 35 yrs old. By then I hope to realize my ultimate goal of becoming financially free – hence this blog’s name. ๐Ÿ˜€

Every few years I update my financial freedom progress. The last time I fully inspected my finances was in 2017. During that update I calculated my net worth to be $610,000. I guess I should post another update soon to see if I’m still on track.

In terms of which investments got me to where I am, the biggest heavy hitters I have in my portfolio are stocks and real estate. ๐Ÿ™‚ Both asset classes have performed tremendously over the last decade. That’s the wonderful thing about investing. You don’t have to be highly educated or technically skilled. You can simply buy something and wait for it to go up. Then you automatically go along for the ride and watch your money grow. ๐Ÿ˜‰ As a buy-and-hold investor of dividend stocks and real properties I’m able to keep my trading and management fees to a minimum. Here is my current asset allocation breakdown.

Why have investments gone up so much in value since the great recession? It’s primarily thanks to the central banks. Around the world they have quadrupled the money supply in the financial markets from $5 trillion, to over $19 trillion. Apple cannot issue shares via a new IPO, and nobody is making new land out there. So nearly all the newly printed money is chasing after existing, finite resources. The result? Investors win. Investors who use other people’s money to invest win more. And savers lose.

Although my wealth hasn’t changed much month over month, there’s something visceral about that $1 million figure that makes me feel like a proper Bourgeoisie. ๐Ÿ™‚ Maybe it’s all in my head. But it feels pretty amazing to have this level of financial security.

However I have to be careful. With great wealth comes great temptations. The average millionaire goes bankrupt at least 3 times, haha. Both Henry Ford and Walt Disney lost all their money and filed for bankruptcy before achieving a more permanent level of success. I hope I can keep the moment going and continue to build up my portfolio. ๐Ÿ˜€ It would be nice to eventually earn a six-figure passive income from my investments.

Liquidโ€™s Financial Update November 2019

*Side Incomes: = $3,200

  • Part time job =$800
  • Freelance = $500
  • Dividends =$1200
  • Interest = $700

*Discretionary Spending: = $2,400

  • Food = $400
  • Miscellaneous = $700
  • Interest expense = $1300

*Net Worth: (ฮ”MoM)

  • Total Assets: = $1,406,600 (+22,100)ย 
  • Cash = $13,200 (+4100)
  • Canadian stocks = $200,500 (+5400)
  • U.S. stocks = $140,500 (+5600)
  • U.K. stocks = $22,700 (+800)
  • Retirement = $143,000 (+5300)
  • Mortgage Funds = $37,700 (+600)
  • P2P Lending = $37,000 (+300)
  • Home = $367,000 (assessed land value)
  • Farms = $445,000
  • Total Debts: = $382,100 (-3,000)
  • Mortgage = $185,600 (-500)
  • Farm Loans = $161,900 (-500)
  • Margin Loans = $34,600 (-200)
  • Line of Credit = 0 (-1800)

*Total Net Worth = $1,024,500 (+$25,100 / +2.5%)
All numbers are in $CDN at 0.75/USD

I’m glad I blog somewhat anonymously. Things could potentially get complicated if my friends and relatives found out about my latest financial achievement. This is the biggest financial milestone I’ve hit so far. So I celebrated at the end of November by eating cake and watching Netflix. ๐Ÿ™‚ #goodtimes


Although I feel pretty affluent today as a new millionaire, I am hardly alone in this wealth bracket. In fact my $1 million net worth is actually considered below average relative to other Vancouver households. Oh man.

Wow. Vancouver sure has lots of wealthy folks. It looks like I still have some ways to go before my net worth is above average. By comparison only 7% of households in the United States are millionaires.

If equities continue to climb higher in December, this would be one of the strongest years in stock market history. The sea is often calm right before the storm. But since it’s hard to time the storm, I’m going to enjoy the good weather while it lasts. ๐Ÿ™‚ Thank you everyone who have been following me on this amazing journey. I look forward to see how the next decade will play out.


Random Useless Fact

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12/02/2019 7:44 am

Congratulations on this huge milestone! Couldn’t read this without posting:) What an accomplishment. It’s been fun watching your net worth grow over the years. And no matter what the future holds (thinking of your sentence about famous millionaires filing for bankruptcy), you’ll always be rich in puns and funny memes.

12/02/2019 7:56 am

Congrats! All that hard work has paid off. Onto the next million ๐Ÿ™‚

I didnt realize your farmland investment was that big….you made a great call there when you bought it a few years ago.


12/02/2019 9:58 am

I’m calling BS on those average household net worths

12/02/2019 12:10 pm
Reply to  Reggie

I was thinking the same thing!

12/03/2019 9:36 am
Reply to  Reggie

Agreed. Perhaps they include full market value of personal homes without taking off the mortgage? They are also averages and not medians, so the very expense homes in some of these areas would really bring up the averages.

12/03/2019 4:53 pm
Reply to  ddivadius

or likely dual income working households.. seems reasonable to me.

scattered mom
12/02/2019 11:53 am

Congratulations! It is a fantastic feeling achieving such a milestone. I totally understand blogging somewhat anonymously Relations do change for some and I too don’t want the risk. Congratulations again. Onward and Upward!

12/02/2019 12:10 pm


S Arun
12/02/2019 12:22 pm

Congratulations Liquid! most inspirational journey! I am very happy for you. I hope your 2nd million dollar will be much easier ๐Ÿ™‚

Keep it up!

12/02/2019 1:53 pm

Congratulations, this is a huge accomplishment at age 32- amazing. Thanks for breaking down your assets and investments! You should take a trip to your farmland and write off the expense before you sell it. How much passive income are you gunning for? I ran the calculations I think it might take me 5 years to get to a 7 figure portfolio.

12/03/2019 6:25 am


12/03/2019 4:52 pm

That Average household wealth chart is from 2016… which probably correlates to about $1,634,858 dollars today. You’re doing awesome! But I frequently have to remind myself… there’s always work to do!!

12/04/2019 12:54 am

Congrats Liquid! I’ve been following your blog for a few years now and as someone of the same age as you and from the lower mainland you’ve been a real inspiration to me as to what is possible in the 2nd most unaffordable city in the world (when compared to median household incomes, which last I checked was around 93-96K/yr). I’ve got another 7 years to go I think before I can reach my millionaire status but it took me a bit longer than most to find my career. Looking forward to reading about how you reach your next million

12/14/2019 1:10 am

Totally agree with you. It was actually you that first got me into the idea of using debt as a leverage tool (as opposed to traditional advice that all debt=bad debt) and it’s part of what I’ve been doing when I come across deeply undervalued stocks. Not too mention the tax write-off you get in Canada when using a LOC for the purpose of investing ๐Ÿ˜‰

12/04/2019 9:00 pm

Congrats! Keep it up!
I was wondering, if you could tell me how your hours are distributed towards all of these financial actions in a month?
I’m so impressed how you are working full time + part time + freelancing + writing articles on the site + having time to research

Could you elaborate how many hours you spend on each?

12/05/2019 2:39 pm

absolutely phenomenal
all that hard work, perseverance and dedication to wealth creation consistently sure did pay off and you are so close to your ultimate goal!! Hat off my friend, you have truly inspired me and many others in this journey! Keep it up and best of luck

12/05/2019 3:29 pm

Canadian Pesos don’t count. You’re a $750,000-aire lul.

12/06/2019 8:11 am

Congratulations Liquid!
Keep up the great work!

12/06/2019 10:01 am

Wow congrats on the huge achievement! And you were eating frugally (pizza) at the meetup too. Good for you!

12/07/2019 4:54 pm


12/09/2019 4:19 pm


12/10/2019 7:52 am

Congrats!!! Thats so amazing, smart work pays off ๐Ÿ™‚

12/24/2019 10:01 am

Just an FYI you’re comparing an ‘average’ net worth to a ‘percent above’ net worth. It’s like comparing median versus average, very different.


[…] decided yes – it’s totally worth it. ๐Ÿ˜€ Admittedly it took me 12 years to reach a million dollar net worth. Life doesn’t always go as planned. That’s why you have to also enjoy the journey. […]