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I must admit I think I am suffering from net worth update anxiety.  I procrastinated calculating my update today.  I think I must have checked out one hour of Youtube videos (I really like Jimmy Kimmel and Conan… the April Fool’s Prank that Rihanna did to Jimmy Kimmel was pretty epic) before hunkering down to do the calculations.  There have been big changes this month, everywhere except for the market.  My portfolio was pretty flat this month.  I bought a few shares of SNC-Lavalin, I also accidentally triggered a stop limit order sell for my CPD.TO shares this month and sold them for a loss of about $2000 (when I found this out I was like %#)&%)@#&%)#*%).  Then I went ahead and bought something similar to replace it, ZPR (preferred share ETF).  I am down almost $1000 now haha in paper losses (more &#)*@)#*$#)$).  Anyhoo, let’s hope ZPR turns around.

I’m not sure where the gains were this months since the stock market sucked for me.  The good news is I had a decent net worth increase this month (I was 99.9% sure it was going to be negative this month hence the procrastination) and I have made my secondary net worth goal!

My goal is to have a net worth of $385,000 by 2016 or $400,000 including my pension.  I am just over $400K net worth with my pension contributions and and have under $26,000 to go if I do not include my pension.

Okay, so here’s the breakdown for April 2015 ($359, 300): +1% +$3680

In This Article:


CASH: $25,600 (+12%)

Net Worth Update

  • I’m going to try and save up about 6 months living expenses in my emergency fund, and then funnel the rest into my mortgage or investing
  • I added up my chequing and savings accounts (High Interest Savings Account). I automatically deduct money from my chequing account and have it siphoned to the HISA account (paying yourself first)

Non-Registered: $99,590 (-17%)

  • As mentioned above, the CPD shares got sold
  • I moved money out of the cash portion in my portfolio to pay off my mortgage
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $55, 500 (+1%)

TFSA: $47,610 (+0.2 %)

HOME: $272,000

  • My plan is to live in this for 1-2 year and then rent it out once I find my prince charming (haha…right?)

CAR: $17,000

  • I bought a car (so painful to part with money but am really enjoying the fuel economy and hatchback-ness)
  • I will update it annually with the Canadian Black Book price in July 2015
  • I used a conservative estimate of the car, no CBB price for 2014 models yet


Credit Cards: $1677

  • I have a few credit cards with the goal of travel hacking my way to trips.
  • I use Mint.com account but I only added my credit card (this is helping a bunch so that I can keep track of my spending)
  • I’ve redeemed $650 last year with my MBNA Rewards World Elite® Mastercard®
  • I’ve used my new Amex Aeroplan card twice so far.
  • I pay off my full amount every month (and folks, it’s VERY important you do so otherwise you’re losing out on a 19% return!) but include it in my net worth update so I have an accurate picture of my actual net worth. I sort of think “If I were to sell everything right now, what would my net worth be?” I guess I shouldn’t put it in the liabilities column since i pay it off regularly, BUT in mint.com it’s under the liability column so I’ll do the same.

Mortgage: $156, 400 (-22%)

  • I paid down a chunky bit of my mortgage and will continue to do some extra monthly payments.
  • My intent is to rent it out in a little while (see above). In order to offset future rental income, I chose to acquire a mortgage instead of paying for the majority of the condo.

Article comments

Samantha says:

You’ve paid off a really large portion of your mortgage, I envy you :). Here in Toronto the re market is still crazy, and with the low downpayments we have lately, the average mortgage is huge.

I was just wondering why did you decide to put such a large chunk of money in repaying your mortgage, considering the low interest rate environment we have? I personally prefer to invest any free cash versus repaying sub 3% mortgage – I just get better return on my money.

Young says:

@Samantha- good question, to each their own. My reasoning for paying down my mortgage quicker is in a recent post I wrote “Why I am Paying Down my Mortgage more Aggressively” hope that clarifies things!

Leigh says:

Oh that’s too bad. I think though that having the funds available is almost as important as actually paying it off and you can do that without breaking the mortgage 😉

I have no prepayment penalties whatsoever, which is pretty nice! I can prepay as often and as much as I want.

Leigh says:

Woo on the -22% on the mortgage, girl! That’s awesome! You’re only ~$50k away from being able to pay it off in full if you wanted too, which is probably a pretty sweet feeling!

Young says:

@Leigh- Thanks Leigh! It is a pretty awesome feeling, except in Canada (not sure if it’s the same in the states) we have to pay a mortgage penalty if we pay too much on a closed mortgage 🙁 But that’s okay, that sort of forces me to diversify (e.g. not put it all in housing) which is nice.