Net Worth Update – May 2021: Welcome to our Financial Independence Net Worth Update 2021. In this financial freedom update, we will be sharing our May 2021 Net Worth Update.
We will discuss how to calculate the net worth update 2021, what are our assets and liabilities to achieve financial independence. Here’s the formula to calculate your Net Worth Update:
Net Worth = Assets – Liabilities
Tracking the Net Worth Update allows us to have a better picture of our journey to financial independence. In doing that, we can ensure the journey to financial freedom is getting closer.
If you’re new to this channel, we are a Canadian couple in our mid 40’s to achieve financial independence in 2028. Our journey to FIRE started in 2019, with 60,000 dollars in debt. We are now getting closer to become financially independent. The numbers presented in this video are real and represent our financial situation.
▸ TIMESTAMPS
00:00 NET WORTH UPDATE MAY 2021 – FINANCIAL INDEPENDENCE
00:32 FIRE We Go: A Canadian couple’s journey to Financial Independence
00:53 How our Financial Independence Journey started?
01:18: Financial Independence Investments – We invest in dividend stocks, ETFs, and real estate
01:34 What is Net Worth?
01:52 What is the Net Worth Formula?
01:47 Net Worth Update 2021 Playlist
02:16 Net Worth Update – Journey to Financial Freedom – Our Assets breakdown
04:21 Net Worth Update –Total Assets for our Financial Independence
04:33 Net Worth Update – Journey to Financial Freedom – Our Liabilities breakdown
06:00 Net Worth Update –Total Liabilities for our Financial Independence
06:09 Financial Freedom – Net Worth Update 2021 – May
07:29 Net Worth Update 2021 – May Summary
08:22 Our strategy to achieve Financial Independence and retire early
11:05 When can we retire early? Our Why for FI (Financial Independence)
NET WORTH UPDATE 2021 – FINANCIAL JOURNEY SUMMARY
– Assets: $1,536,411
– Liabilities: $715,140
– May 2021 Net Worth Update: $715,140 (+ $35,526 over APR 2021)
▸ LINKS MENTIONED ON THIS VIDEO:
FIRE We Go!: A Canadian couple’s journey to Financial Independence:
WIKIPEDIA: .
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NET WORTH UPDATE MAY 2021 – FINANCIAL INDEPENDENCE
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