The question a lot of people, myself included, ask when they start their journey is, what are the must read personal finance books. Reading has been an essential part of my journey, and I will highly advice anyone trying to reach financial independent to try and read a book a month. Here is a list of books that I've personally read and will recommend for people that want to learn more about personal finance.
4/20/2020
4/11/2020
Neighbour Joe - April 2020 Net Worth
Asset
Chequing: $300.00
TFSA Investment: $97,466.04(Market Value)
RESP: $4,192.89 (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: $117,698.99
Rental Mortgage: $193,974.95
Line of Credit: $5,942.00
*Credit Card is paid in full every month
Current Net Worth: $486,342.99
Passive Income
TFSA Passive Income: $4,844.08/Year or $403.67/Month
So in the last month when the stock market was taking a hit, I took leverage up and took money from my line of credit to max out my TFSA contribution for this year. I brought a lot of quality dividend stock such as Canadian Banks which is why my passive income has increased.
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