Tag Archives: personal finance

Net Worth March 2017 Update : $15,607.85 (+$1,425.775 +10.05%)

This is my net worth update for March 2017

Assets Feb-17 Mar-17 Monthly Change
Checking $1,500.59 $1,621.78 8.08%
Saving $8.35 $2,908.35 34730.54%
TSFA Investment $637.90 $911.03 42.82%
RRSP Investment $0.00 $0.00 0.00%
House $215,000.00 $215,000.00 0.00%
Car $12,547.00 $12,113.00 -3.46%
Mortgage $202,308.25 $201,795.37 -0.25%
Car loan at 0% $11,342.71 $11,014.06 -2.90%
Credit Card $1,860.80 $4,136.88 122.32%
NETWORTH $14,182.08 $15,607.85 10.05%

Again another net worth update. This month it’s a good one, it’s in the positive. In February, we had a bad month with all the tax and another annual bill, but this month it was a normal month.

I’ve saved way more than last month in my TSFA. The saving account is higher because my wife transferred me some money to pay for our Disney trip and I only have to pay the trip in August.


This month was short and I’ve got 5 pay and I’ve also taken two sick days which were paid full last January.  These days were for me this time since I was too sick to get out of bed. I’ve got 4084.12$ in income last month. This includes my tax return for 2016.


Last month, I’ve spent 2838.04 which is an incredible low spending month. It was a slow month since we didn’t have any annual bill to pay in that month. My average is around $3200.


This month I’ve saved some money to my investment account. I’ve saved a total of 340$. I’ve saved 8% of my income which is more than my goal of 5%. Let see if next month will be around that.

Readers: How was your February month?

Weekend Reading – Engagement Ring, Books For Middle Schooler, Bank Tactics, Four-minute Portfolio

This weekend reading edition shares my top post that I've read last week.Hope everybody had a great week. Here’s the weekend reading for the weekend starting March 25.

This week I’ve wrote a post that helped to beat my all time page view in a day. If you’ve not see it here’s the How I plan for financial independence!

Chris wife from KeepThrifty sold her engagement ring after 7 years of marriage.

NotoriousDebt explains why blogging is a terrible side hustle.

Mama Fish Saves propose 5 Great Money Books for Your Middle Schooler

Boomer & Echo explains why his Four-Minute Portfolio Is Tough To Beat.

Do you know what to do when you are dealing with bank sales tactics ? Million Dollar Journey explains how to deal with these aggressive sales tactics

These are the posts that I had the time to read and think you should too.  Have a nice weekend.

Readers: Did I missed a great post?

By the way, you know that you could get your own blog with Bluehost? For $3.95/month, you will have everything you need to start sharing your own experience on your own blog. If you need help to get started, you can look at my How to host your own blog post.

Warning: This post contains affiliate links


How I plan for financial independence!

Ar you planning for Financial Independence? Here's how I am planning for it after a chat with my that about money and financial independenceDo you have an idea for how long you are willing to work before retiring? Are you willing to sell your time for money for most of your life?  Have you thought when you will reach financial independence? This topic came up last week when I was having a chat with my dad. I admitted to my old man that I enjoy my job but it is stressful and I deal with a lot of traffic during my commute. I can’t see myself doing this for another 40 years before being able to slow my life down enough to spend time with my family.

Because of my stressful career, I’m not able to focus on hobbies that I enjoy. These are mainly blogging and tinkering with small electronic projects. There just isn’t enough time to wind down, relax, spend time with my family, and enjoy my hobbies. My dad, now in his early fifties, completely agreed, saying that he doesn’t want to work for another fifteen years either. He’s actively trying to bank money to retire early so that he can quit his job might work better here and focus on the projects that he enjoys doing.

Are you planning to slow down before 65?

In my opinion, we live in a world that moves too fast. We work hard, constantly on the go, and so we should be retiring earlier than the member(s) of previous generations. Where I’m from, most of those people had industrial jobs. There were no emails or cell phones. They got up every morning, did their job, and went home. There was a limited amount of worrying about work. You punched the clock and checked your work issues at the door and went home to relax with your family. Those days are long gone. With modern technological advancements, your employer can and does contact you after you’ve left work for the day. Emails, text messages, phone calls. There are half a dozen ways for your boss to contact you and make you feel obligated to reply or answer immediately. I want and need that after work relaxation. I don’t want to talk to my boss during dinner. And you know what? I shouldn’t have to.

I work in IT tech. Everything that I do while at work has to be done quickly and I’m constantly having to update my skillset and even retrain myself on a monthly basis. I enjoy learning new things but eventually, I’m going to reach the age where I’m going to be overwhelmed to the point where I won’t be able to maintain my current speed of learning and training. On top of that, my pension plan frequently changes. As of the last negotiation, I need to work until 58 before retiring. It’s four more years than what I was supposed to work. I feel like the constant changes to my pension make for an unstable retirement plan. I want and need stability. This is why I’m investing. My goal is to invest to the point where a substantial part of my income is coming from dividends. I want to wake up in the morning and be there for my kid as opposed to worrying about packing a lunch, getting dressed, and dealing with an hour commute.

Here’s is my investment plan for financial independence!

I’m looking to put 50% in ZSP, 25% ZDV, 15% FIE and 10% ZRE. I’m looking to invest 10% of my money into a non-North American ETF but still doing some research. This will bring FIE and ZDV down by 5% each. This is for my core long-term investment plan.

Buying and selling stocks is addicting and a portion of my portfolio will continue to have stocks in it. Sure, it’s pretty much the same as buying a weekly lotto ticket, but I have intentionally allocated some cash into a “fun stock money” section of my portfolio. I personally do not recommend this idea and in my mind, most of it has been written off as a loss. Buying risky stocks is part of the fun of investing and I know that if I don’t allow myself at least a little bit of fun, I’ll never stick to my ETF plan.

Why buying ETF?

Also, since my ETF are free to buy, I can buy regularly without my profits being eaten by the fees. Personally, I feel safer in long term with them. These investments are my plan to generate monthly revenue. Working is exchanging your time for money and my investment will give me money without having to exchange my time for the same money. This is the best way I could see to slow down a bit and make my choice base on my wants and not my money needs.

In the end, my hope is that these investments will bring me to financial independence and I can start making decisions based on what I want to do with my life and how I want to live it. I can live off of $3000 a month after tax. Once I’m able to live the way I want, I would like to travel, focus on writing for my blog, and maybe even starting my own business.

Readers: Are you looking for a path to financial independence?

By the way, you know that you could get your own blog with Bluehost? For $3.95/month, you will have everything you need to start sharing your own experience on your own blog. If you need help to get started, you can look at my How to host your own blog post.

Warning: This post contains affiliate links


Weekend Reading – Growing Traffic, Passive Income for FI, Tax Refund

Another weekend is starting, I hope you all had a nice valentine day without too much spending :P.

This week, I only posted one article since I was sick and I was not happy with my second one. So here’s some of my thought about budgeting!

Also, I’ve started back my investment in dividends. I’ve started with 1 share of ZRE since it’s a nice ETF with a monthly dividend.

Here are some of the best articles I’ve read this week:

Also, I want to do a  special congratulation to Matthew for his milestone of Six Figure Portfolio.

Readers: Do you have some awesome plans for this weekend?