January 2015 net worth update: $346, 825 (+0.6%)

Last Updated on

So close, but yet so far.

Just $2300 shy of reaching my target.  It doesn't help that there were after-holiday sales and I went down to the United States for a weekend to places like Nordstrom Rack and other outlet-type places as a family trip and blew over $600+ for the weekend.  I would have to say that my discipline is pretty good when I'm not tempted, but when there are great sales in front of me, it is hard to resist!

Obviously, I succumb to clothing and accessory sales in addition to sales in the stock market.

My target was $350K as a net worth for the end of 2014 and I am a bit short.  However, if I include my pension contributions I have made my target of over $380K net worth (with pension contributions).

If I really want to fudge, I could increase the home value as the BC Assessments have come out and it shows a decent plus for 2014.  I would then have made my goal haha.

Okay, so here’s the breakdown for January 2015 ($346, 825): +0.6% +$2340

ASSETS:

CASH: $25, 730 (+5.5%)

Net Worth Update

Non-Registered: $120,100 (-0.3%)

  • I sold Transalta this month, it was triggered as a stop loss
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $50,940 (+0.9%)

TFSA: $41,300 (+1.5 %)

  • HSE.TO made a nice come back, I am back in the positive territory
  • COS.TO is still hurting a bit, down about 25% but that's okay I will hold on tight.
  • It's January and it's time to fill up the TFSA! 🙂 (which I have not done yet)
  • Check out my dividend income spreadsheet!
  • One of my to do tasks is to track my dividend payments in an excel spreadsheet
  • Watch out for TFSA over contributions, guys, the CRA will get you for every last penny.
  • I signed up for a Tax Free Trading Account with Questrade in 2009 and haven't looked back!

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

LIABILITIES:

Credit Cards: $2770

  • I applied for the CIBC Infinite Visa Aeroplan card and in the goal of travel hacking my way to trips and have been using it for a few months.
  • The problem with not having Mint.com is that I can't see my credit card spending as easily so I ended up resorting back to the 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 already this year with my MBNA World Points World 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: $178,200 (-0.5%)

  • I'm planning to do a monthly double up payment, however this might not be possible this month since I was Miss Spendy!
  • 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.
The following two tabs change content below.
Young is a writer and former owner of Young and Thrifty and the main "twitter' behind Young and Thrifty's twitter account. She lives in Vancouver, BC and enjoys long walks on the beach, spending time with her anxious dog, and finding good deals. If you like what you read, consider signing up for email updates.

5 Comments

  1. My Own Advisor on January 8, 2015 at 8:44 am

    At your age, you’re killing it. Great work.
    Mark



  2. Miiockm on January 10, 2015 at 12:58 am

    I am envious, nice work.



  3. Jonny on January 10, 2015 at 9:56 am

    I love tracking my dividend payments as well – it’s great to see monthly payments coming in as passive income! It certainly makes those market downturns a little bit more bearable.
    Here’s my net worth update for all of 2014:
    www.thewealthbrickroad.com/2014-…th-update/
    I’m going to focus on maxing out my RRSP first this year in order to max out my tax return to pay off my mortgage.
    All the best in 2015!



  4. Young on January 13, 2015 at 12:39 am

    @M- Thanks M! Don’t be envious, we are all on our separate paths and journeys.



  5. Young on January 13, 2015 at 12:42 am

    @MOA- Thanks Mark! You’re not much older than me and you are killing it too!



Leave a Comment





> >