Okay, I’ll take it!  Not a big gain this month but better than the negative territory.  I spent very little this month, probably the least amount for the whole year, according to my Mint.com app anyway.  I realize that I don’t really spend very much on a day to day basis but my spending comes from a lot on travel (again, maximum of $5000 annually I have allotted myself) or the big ticket items, like insurance, or veterinary bills, etc.  With only one more month left I have $3970 remaining until the deadline for the net worth goal of $385,000 by year end.

If the markets were manic and happy I would have done better this month.  Let’s hope the markets are manic for for next months’ update which will be the last update/ judgment update for my net worth goal.

I have 30 more days.  The pressure is on!  Well, if I don’t make the net worth goal, at least it’s reassurance to know that I’m close to the ballpark area and I think I’ll still give myself a pat on the back even if I don’t make the cut.

“Shoot for the moon, even if you miss, you’ll land among the stars”- Norman Vincent Peale

Okay, so here’s the breakdown for December 2015: $381,025 (+0.6%, +$2500)

In This Article:

ASSETS:

CASH: $45, 210 (+8.7%)

Net Worth Update

  • I have at least 6 months of living expenses and then some, so should start moving money into my investments regularly
  • 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: $87,680(-1.6%)

  • Again, two words: darned ZPR.  Darned is not the appropriate word but this is a PC-website
  • My greedy self got the best of me when I wanted the preferred shares for monthly income rather than focusing on growth
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $59,700 (+1.4%)

TFSA: $48,700 (-1.6 %)

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 (found him!)

CAR: $16,665

  • I updated it for 2015-2016 with the Canadian Black Book price, will update it again July 2016 with the depreciated price

LIABILITIES:

Credit Cards: $1107

  • 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 $220 for 2016 so far with my MBNA Rewards World Elite® Mastercard®
  • 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: $147, 800 (-0.6%)

  • I pay an extra mortgage payment a month
  • 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.

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