Genymoney.ca: Make the Most of your Money
Follow along with genymoney.ca’s net worth updates for a journey to a 7 figure net worth, hopefully before the age of 40. After that is achieved, the goal of passive dividend income of $35,000 (or a dividend yield of 3.5%) on a $1,000,000 liquid asset portfolio is the goal.
I am a big fan of calculating your net worth and checking where you stand to have a glimpse of your overall financial picture. You won’t know where you’re going until you know where you are when you first start. I’ve been calculating my net worth and sharing it for over 10 years. Genymoney.ca’s net worth updates shares what my investment portfolio looks like, how I like to spend my money on a month-to-month basis. All is revealed, including disappointing set backs, investments, and positive ones.
You can get started too, if you want to calculate your own net worth you can do so here and follow these step-by-step instructions on how to calculate your net worth. Check out these net worth archives for inspiration.
There are many different ways that people will calculate their net worth. Some people might include their vintage coin collection in their net worth, or they may include their car’s purchase price (and not factor in depreciation). Whatever personal variable way their calculate their net …
I’ve formally tracked my net worth in little notebook with a pen and paper since 2009, which means I’ve been tracking my liquid net worth vs net worth for 10 years. I’ve been tracking my net worth very month for 10 years. I’ve kept the …
Read moreLiquid Net Worth vs Net Worth: Which One Is Better?
For 2020, I stopped sharing my net worth updates on a monthly basis (well as a post anyway) and changed them up to dividend income updates. Some readers suggested having a biannual net worth update would be nice. So here it is! Here’s my January …