That 4% global stock rally a couple days ago was insane. First time I’ve ever seen something like that. I basically became $3,500 richer within the first opening hour! At least on paper anyway. That’s comparable to a CEO’s wage.
Got an extra payment from my part-time job because of how their accounting works. Paid down some debt. Spent a lot on books and games. Bought a personal finance title called Millionaire Teacher, by Andrew Hallam. Also purchased the new Super Mario game and Uncharted 3, Collector’s Edition. Amazon made a killing from my wallet in November. Spent a little less than usual on groceries though. Didn’t go too much over budget overall.
*Side Income:
- Part-Time Work = $1,000
- Dividends = $200
*Discretionary Spending:
-
- Eating Out = $100
- Others = $400
*Net Worth: (MoM)
-
- Assets:
- Cash = $4,100 (+$600)
- Stocks = $59,100 (-$1,200)
- RRSP = $20,700 (UNCH)
- Home = $243,000
- Liabilities:
- Mortgage = $208,800 (-$300)
- Bank Loans = $20,200 (-$3,000)
*Total Net Worth = $97,900 ( +2.84%)
* Numbers are rounded to the nearest $100.
* Numbers are rounded to the nearest $100.
Hey Nice to see that someone else is also striving for financial independence at a young age. While I'm a bit older than you are (30) I am also striving for financial independence. I'm aiming for about 40. Like you i'm trying to increase my dividend income.
Keep up the good work.
$25,000 Dividends
Thanks $25,000 Dividends. I wish more gen Y like us would take investing seriously. Good luck with your dividends.
I am aiming for early retirement/financial independence 45… I am also on Networth IQ. Just 5 more years to go. Wife and I are saving like mad. Like the blog!
Thanks Mr. Anonymous. Hope you and your wife accomplish all your goals.