Yay, positive again!  Though it really should have been much more positive, but it was just a ‘medium’ positive no thanks to the downward stock markets.  Mr. Market is obviously kind of grumpy and moody these days, whereas Mr. Real Estate Market in Vancouver is high on a kite somewhere in la-la land.

This gain is not bad considering I was on vacation for half the month and had to pay my car insurance and home insurance.  I think I am on track to reach my net worth goal, but really just barely.  It’s definitely very marginal.

As some of you following may know, my goal is to have a net worth of $385,000 by 2016 or $400,000 including my pension. I am over the $400K net worth with my pension contributions and and have under $20,000 to go if I do not include my pension.

Okay, so here’s the breakdown for July 2015 (+$2523, +0.7%)

In This Article:


CASH: $30,285 (+19%)

  • I think I have about 6 months of living expenses and then some, so should start moving money into my investments regularly
  • A lot of the gain this month is from the tax return I received
  • 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: $93,430 (-1.7%)

  • My ZPR is down about $2400 in unrealized losses- I should sell some of these preferred shares soon
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $56,630 (-0.6%)

TFSA: $50,820 (-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: $16,665

  • I updated it for 2015-2016 with the Canadian Black Book price, will update it again July 2016
  • I bought a car (so painful to part with money but am really enjoying the fuel economy and hatchback-ness)


Credit Cards: $977

  • 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: $153,100 (-0.7%)

  • 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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