Well, I am starting off the new year going backwards haha!  Let’s hope that this trend of negative net worth updates does not continue and is short lived.

I had a lot of expenses and purchases in January (namely a trip!) and I had to break my shopping ban for the month by purchasing an iPhone charger (my was going on the fritz, I hate when the iPhone chargers do that) otherwise my phone would be dead.  I also threw in a replacement of something that was broken (about $25) that really bothered me (it was my key/ envelope holder on my wall).

The market is still not doing very well of course, but I am continuing to abide by my investment contract by investing on a monthly basis.  Meanwhile real estate in Vancouver especially for detached housing is getting to ridiculous levels.  Ridiculous.  Had I kept (or perhaps bought out my ex’s portion) of the house and sold it without capital gains tax, I would be a millionaire by now haha.  A millionaire in my early 30’s mainly from real estate!  Isn’t that ridiculous?

Okay, so here’s the breakdown for February 2016: $383,060 (-$1100)

In This Article:


CASH: $50,320 (+6.9%)

  • I have at least 6 months of living expenses and then some, so should start moving money into my investments regularly– I really need to start doing this, I have a lot of cash on hand.
  • 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: $78,500(-10%)

  • I moved some money into my RRSP and my TFSA this month from the non-registered account
  • I still have a lot of cash in my non-registered account hence the poor performance
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $59,560 (-2.1%)

TFSA: $52,500(+11%)

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


Credit Cards: $530

  • I signed up for the Chase Marriott Visa and also have an American Express Gold Rewards Card again, 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 $0 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: $145, 950 (-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.

Article comments

1 comment
Leigh says:

I hear you about real estate…my condo is now worth half a million dollars, which boggles my mind.