1/14/2020

A money tree that gives you $1 a day.


As the saying goes, "What, Do you think money grows on trees?". Well, I am going to show you that money does grow on "trees" and how you can get your hands on such a tree. This idea came to me the other day when I was talking to my wife about the current materialistic culture that we lived in. She said people don't want to invest in stocks because they can't show off their investment. I started thinking, what if you can buy a tree that gives you $1 a day, how many people will buy such a tree and how much will it cost? I can't answer the first question, but I can roughly tell you how much it should cost.

1/06/2020

Neighbour Joe - January 2020 Net Worth



Photo by Jamie Street on Unsplash
Happy New Year, hopefully, you had a wonderful 2019. Here is my first net worth update for 2020.

Asset
Chequing: $271.34
TFSA Investment: $
105,801.22(Market Value)
RESP: $4,311.772 (Market Value)
Real Estate: $224,000 (Purchase Price of my house)

Real Estate Rental Property: $200,000 (Purchase Price of the house)
Define Benefit Work Pension (Transfer Value): ~$278,000(Last checked in December 2019)

*Automobile is not included (No monthly car payment)

Liabilities
Mortgage: $118,640

Rental Mortgage: $194,949

*Credit Card is paid in full every month


Current Net Worth: $498,741.33

Passive Income
TFSA Passive Income: $3,774.92/Year or $312.08/Month 


The biggest change here is my Work Pension value, I recently checked my transfer value and it has increased significantly, almost double from the last time I checked.