For many people, ideas about the rich involve how many fancy cars they have and how big their houses are. What’s often missing is the source of their wealth…their investments. Owning investments are what makes rich people rich and if you want to one day become rich too; then … [Read more...] about Why Learning to Invest Can Make You Rich
May 2017 Investment Income $334
Welcome to my May 2017 investment income report. This report helps me track all of my investment income from dividend stocks, index funds and exchange-traded funds (ETFs). I was pleased to see that our net worth continued to rise in May, hitting 995k. The increase in net … [Read more...] about May 2017 Investment Income $334
June 2017 Net Worth Update $995,859
Here is my June 2017 net worth update. As I've said before, I like to track my family's progress through monthly net worth updates. To calculate our net worth, I add up all of our household assets and subtract any outstanding liabilities (ie. debt owing). The result is simply … [Read more...] about June 2017 Net Worth Update $995,859
Time to Pay Down Mortgage
Well I’ve finally decided to take drastic action to get out of debt. Every time I turn around there’s another story about how the majority of people are drowning in debt and there’ll be a reckoning of sorts when interest rates start to rise. So, in the past month, I’ve been … [Read more...] about Time to Pay Down Mortgage
April 2017 Investment Income $1850
Welcome to my April 2017 investment income report. This report helps me track all of my investment income from rental properties, dividend stocks, index funds and exchange-traded funds (ETFs). I was pleased to see that our net worth continued to rise in April, hitting 988k. … [Read more...] about April 2017 Investment Income $1850