This is my second last worth updates report for the year 2016. For those new to my finance journey, net worth update is a simple report I post every month which tracks the progress of my journey to reach my financial goals.
My ultimate financial goal is to become a self-made millionaire in 10 years by saving and investing in stable dividend paying blue-chip companies.
I am posting all my financial information in this website because I love to inspire and motivate people to start their own journey to reach their financial freedom.
You could learn from my successes and failures (experience) and improve your financial IQ.
Along the way, I make financial mistakes and will share my experience here with you. So, you could learn something, avoid those mistakes and save money.
In November 2016, My net worth increased by just $200, very tiny increment due to the seasonal & holiday expenses.
We purchased new winter tires for our car. Service fees and tire purchase cost us around $700 in our budget. It is one-time and unavoidable expensive. We already used our old tires for more than 6 years, so decided to change them for our safety because we travel a lot.
And, we purchased new winter jackets for my spouse and our kid. Jackets cost us around $300 in budget. Wife’s jacket was much expensive than the kid’s one. She found a brand name jacket while shopping for a winter jacket for our little and fell in love with it. So, I gave her a green signal to buy. Why not? We live here to enjoy 
.
We also spent around $250 for holiday gifts. Every year we purchase gifts for our nephews and our friends’ children. We haven’t yet finished our holiday shopping. We just started. I will have another big bill in my December budget.
Also, we traveled back and forth from Toronto to Ottawa two times last month.
All of these un-budget expenses impacted the net-worth by over $1400.
Thankfully, I received three paychecks from my day job. Twice a year, we receive three paychecks instead of two. For those who receive bi-weekly salary know this.
And, there was not a big gain in my dividend portfolio last month. My portfolios are mixed with financial and interest sensitive stocks. Due to rising bond yield, my interest sensitive stocks dropped a bit and at the same-time financial stocks gained some value. So, all balanced-out well and ended up with no big gain.
Also, I made some changes in my portfolios. I’ve discussed the details in my November portfolio updates page.
Now let’s talk about my net worth and financial numbers in November 2016.
Last month, my net worth increased by $200 or 0.13% from my last update.
Year-to-day gain is $42 500 ().
Net worth update as of November 30, 2016 ()
Assets: $473600 ()
- Cash: $700 ()
- Home: $270 000 (no changed) – Yearly adjustment with inflation
- Canadian Stocks: :$155 400 ( )
- U.S. Stocks:$38 600 ()
- Employer’s Pension Plan: $8900()
Liabilities: $322 800 ()
- Mortgage :$183 800 ()
- Student loan: $24 500 ()
- Margin loan:$68 600 ()
- Credit card 1:$8600 () (low interest credit card – 0.99% special rate for 10 months – will be expired in September 2017)
- Credit card 2:$9200 () (low interest credit card – 0.99% special rate for 12 months – will be expired in March 2017)
- Credit card 3:$0 () (paid-off)
- Line of Credit 4: $9200 ()(low interest balance transfer – 2.99% special rate for 12 months – will be expired in May 2017)
- Credit card 5: $0 () (paid-off)
- Credit card 6: $0 (paid-off)
- Credit card 7:$0() – (regular expenses)- high interest rate of 19.99%.
- Line of Credit 1 : $10 500 () – (low interest credit card – 2.99% special rate for 12 months – will be expired in April 2017)
- HELOC:$8400 (no changed) – (low interest of 3.30% – primte + 0.5%)
Net worth :$150 800 () as of November 30, 2016
My net worth up by since my last update.
Note
- all amounts are rounded to the nearest $100;
- all numbers are in CAD; and
- Conversion rate 1.00 USD = 1.33 CAD
I have a huge credit-card debts because I take advantage of low balance transfer promotion rates and invest in high quality dividend stocks. Learn, earn, save,invest and leverage your skills are the keys to become wealth.
Thank you so much for being in my finance journey and for your support.
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