Here is my May 2016 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 a … [Read more...] about May 2016 Net Worth Update $803,712
March 2016 Investment Income
Welcome to my March 2016 investment income report. This report helps me track all of my investment income from the rental property, dividend stocks, index funds and exchange-traded funds (ETFs). First off, I have to say that I was very pleased to see that our net worth … [Read more...] about March 2016 Investment Income
April 2016 Net Worth Update $784,276
Here is my April 2016 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 April 2016 Net Worth Update $784,276
A Good Rental Property is One That Cash Flows!
After owning our rental property for 7 months, I'm more convinced than ever that a good rental property is one that cash flows from day 1. Truth be told, there are so many things that can go wrong with rental properties that I need a healthy profit margin as a buffer against any … [Read more...] about A Good Rental Property is One That Cash Flows!
Why It Pays to Diversify Your Income
Welcome to my post on why it pays to diversify your income. Since writing my article on Passive Income Streams, I’ve worked hard to try to diversify as much of my income as possible. I don’t want to rely on any one source of income forever because that is simply too risky. So … [Read more...] about Why It Pays to Diversify Your Income