The general idea is that I show you where-abouts my money is, so you can have some idea how I live. This in turn, may give you some ideas about your own personal finances.
I may end up changing the format and style of the snapshot as time goes on, but this will at least give you a decent idea of my allocations at the end of the month..
(This chart is a modified version of Brien's 'Net Worth' chart from www.2millionblog.com. It is used with permission.)
Net Assets | July-11 | Aug-11 | Change | % |
Emergency Fund | $ 1,000.00 | $ 1,000.00 | $ - | 0.00% |
Taxable Accounts | $ 1,000 | $ 1,500.00 | $ 500.00 | 50.00% |
Taxable Brokerage | $ - | $ 665.94 | $ 665.94 | 665.94% |
TFSA Accounts | $ - | $ - | $ - | 0.00% |
RRSP Accounts | $ 565.00 | $ 565.00 | $ - | 0.00% |
Stock Options | $ - | $ - | $ - | 0.00% |
ESPP | $ - | $ - | $ - | 0.00% |
House | $ - | $ - | $ - | 0.00% |
Receivable (Payable) | $ - | $ - | $ - | 0.00% |
Other Assets | $ - | $ - | $ - | 0.00% |
Total Assets | $ 2,565.00 | $ 3730.94 | $ 1165.94 | 45.4% |
Liabilities | ||||
Credit Cards | $ - | $ - | $ - | 0.00% |
Mortgage | $ - | $ - | $ - | 0.00% |
Tax Liabilities | $ - | $ - | $ - | 0.00% |
Other Liabilities | $ - | $ - | $ - | 0.00% |
Total Liabilities | $ - | $ - | $ - | 0.00% |
Goal Progress ($1,000,000 CAD) (Investments + House - Liabilities) | $ 1,565.00 | $ 2,730.94 | $ 1165.94 | 0.27% (Total) |
Net Worth | $ 2565.00 | $ 3730.94 | $ 1165.94 | 45.4% |
So, as you can see, I haven't got alot (which explains the blog title).
My goal is $1,000,000 by retirement. I haven't decided when I will retire, but as soon as possible is the primary goal.
Every month end, including the end of August, I will be updating this chart, and posting it, to show you how I'm fairing.
What do you think?
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