Editors note: Advertisers are not responsible for the contents of this site including any editorials or reviews that may appear on this site. For complete and current information on any advertiser product, please visit their Web site.

Oh man, I had a feeling this month would be bad, but didn’t realize it would be THAT bad.  For the first time in a few months, I am not in the positive territory.  I saved a lot too this month but this month’s lack of growth is mainly attributed to the stock market.  I am happy that at least I’m not in the negative, though being +$26 in the green compared to last month isn’t my idea of much of a gain!

I spent a lot of birthday presents this month, some presents on baby showers.  Having friends can be expensive haha, especially when all the friends have birthdays that are close together.

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 just over $400K net worth with my pension contributions and and have under $22,000 to go if I do not include my pension.

Okay, so here’s the breakdown for June 2015 (+$26, 0%)

In This Article:


CASH: $25,500 (-1.5%)

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: $94,990 (-0.1%)

  • My ZPR is down about $1300 again in unrealized losses
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $57, 015 (+1.6%)

TFSA: $51,850 (+2.6 %)

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 (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 (NEXT MONTH…GASP)
  • I used a conservative estimate of the car, no CBB price for 2014 models yet


Credit Cards: $1582

  • 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: $154,100 (-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.

Article comments


You are not that far off from your goal. I think you can still totally do it by 2016.

Bob says:

Your “Check out my dividend income spreadsheet updated quarterly!” always links back to your August 2012 post 😉 Have to go digging for your actual last quarter update!

Where do you keep most of your TFSA dividend stocks? TD? Questrade?

I been looking at a fractional share broker, but none exist in Canada (there are some in the USA I believe now like TradeKing?) other than transfer agents like Computershare, ShareOwner, etc that charge $50-125 annually for fees (if you wanted ShareOwner both RRSP and TFSA you’d have to pay the $125 as well). Otherwise I guess the best way is to just use whatever service has the lower fees. I’m at that crossroads where do I keep pumping up my E-series to grow my meager funds, switch it to ETFs at Questrade, or continue my mix of e-series/etfs and stocks (I have about $1k each in ZRE and ENB and $17k 30/30/30/10 E-series bonds being 10 all in TFSA). Also have $13k in company stock sitting with Computer Share (thankfully company covering fees!) non-registered.

I guess for now I should focus on index/etf to grow my nest egg and when there is some extra cash and a decent price point on a valued stock go in then and build and diversify over the years, maybe putting in 1-1.5k a year into individual stocks (growing that contribution as time goes on if that seems to be a working strategy as the markets and strategies evolve). (Shrugs). I’m just sitting on some cash (have moved it to Tangerine for now, 1.05% interest versus TD’s meager 1.05 per annum meaning you’re getting pennies per month versus dollars).

Young says:

@Bob- Lol, sorry, thanks I’ll update that. I only do the spreadsheet every few months, there will be a new one coming up shortly. I keep all of my TFSA dividend stocks with Questrade. I was able to Drip two of my stocks (Sunlife and Husky) with Questrade. I do a mix of ETF and Dividend stocks too.