Welcome to the FindependenceCanada April 2019 Net Worth Update. This will be the first instalment of our monthly updates on our quest to a one million dollar net worth and beyond. We have worked diligently over the last few years to go from having a negative net worth to the position we are in here today (closing in on $200k), and we hope that we are able to motivate others to join us on our quest to financial independence!
When it comes to our net worth we try not to make any goals that are too concrete as we are aware that there are so many variables that may work for, and against you, especially in short time periods, so flexibility is key! Instead, we focus on our savings rate (currently at approx. 50% take home pay) and investing in companies we believe to be stable and truly blue chip in their respective industries. We feel as long as we take care of what’s in our control: earning, saving and investing diligently, the rest will take care of itself and the results will come over the long haul.
In March 2019 we made a bit of a shift in our investing. While we still do invest in the stock market rather heavily through our pensions, savings plans and our own registered retirement accounts, we have decided to start making principle only double up payments on our mortgage, we’ll be talking more about mortgages in an upcoming post.
So, without further adieu, here are the numbers for the month:
