Last updated: June 03, 2014
May was one of the expensive months for me as I had some car expenses and we went for a road trip in the Victoria’s Day long weekend. Also, I had some other unplanned expenses such mother’s day gift, yearly donation, etc.
Net Worth Update June 03, 2014 ()
Let’s look at my net worth in numbers:
Assets: $115 000 ()
- *Cash : $15 000 ()
- Deposited to our new home : $5000 ()
- Canadian Stocks:$79500 ()
- U.S. Stocks: $15500 ()
Liabilities: $58 200 ()
- Student loan: $29800 ()
- Margin loan: $1600 ()
- Credit card 1: $6600 () (low interest credit card – 0.99% special rate for 8 months)
- Credit card 2: $9300 () (low interest credit card – 0.99% special rate for 12 months)
- Credit card 3: $1300 () (low interest credit card – 1.99% special rate for 6 months)
- Credit card 4: $9600 () (low interest credit card – 0% special rate for 6 months)
- Credit card 5: $0 (low interest credit card – 2.9% special rate for 6 months)
Net worth : $56 800 ()My net worth up by since my last update.
- all amounts are rounded to the nearest $100;
- all numbers are in CAD; and
- Conversion rate 1.00 USD = 1.10 CAD
*I usually don’t keep cash in my bank accounts, but I keep $15000 in my chequing account for the new home deposit.
I have a huge credit card debts because I took advantage of low balance transfer promotion and invested in high quality dividend stocks. Taking modest risk and leveraging are the key to become wealth.