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$137, 109 (+1.6%)

Let’s see, I have no idea how this became a positive increase of 1.6%, but I won’t question the net worth gods.  I had a lot of expenses this month.  I paid for my flight to Hawaii for BF’s sisters wedding and I also paid for a portion of my flight to Thailand for February.  I finally (you’ll all be proud of me) got my windshield fixed (after being scared into it by a colleague).  I haven’t really been going out period, and working part time means I only fill up my gas tank about one every three weeks (sweet!!), so my expense of gas went from $150+ a month to perhaps $50 a month.  I also cut down on the cost of my dog food (he was on a special diet that cost $120 a month, now it is down to about $50 a month).

Okay, so here’s the breakdown for this month:


CASH: $10324 (-0.01%)

  • More money Pictures, Images and PhotosBoyfriend and I have a joint account which our mortgage is deducted from, and our own personal accounts.  I taught him the magic of the email transfer, so hopefully it won’t be so much effort to nag him to put money into our joint account!
  • 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)
  • I have $2400 saved up for my goal of climbing Mt Kilimanjaro (highest peak in Africa). I’m automatically deducting $100 a month from my bank account into this travel account. I’m about halfway there. If you want to help contribute to my personal lifelong dream, feel free to sign up for an Tangerine with my orange key: 33530953S1. You’ll get $25 if you start an account with $100, and I will get $25 too. :)

STOCKS: $13408 (+7.4%)

  • I got $60 in dividend income this month (WAHOOOO!!! Passive income retirement here I come!), and BCE climbed up back nicely, as well as FTS.  Telus (TU) isn’t doing too shabby either.
  • The stock market is doing funny things right now and I haven’t been as obsessive about checking my portfolio as I used to be (perhaps being sleep deprived from school makes me less neurotic about my money?)
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts. I added up USD and CAD stocks as “Canadian” money to be simplistic

RRSP: $11764 (+4.3%)

  • This includes the pre-authorized monthly contribution into my TD E-Series account, a GIC in my ING Direct Account and my new Questrade RRSP account.
  • The RRSP is maxed out for this year. I am seriously thinking about maxing out my TFSA instead (read my TFSA vs RRSP great debate over here) from now on, as I will expect to have defined benefit pension when I retire.
  • I’m not including my defined benefit pension (I didn’t do this for my 2011 net worth updates at all purely due to laziness).  Contemplating about whether I should put them back into my networth calculations- what do you think?
  • I owe about $16,000 to myself in my RRSP because I used the Home Buyers Plan, but I won’t have to start repaying until 2012 (jeepers, 2012 is creeping up already).


  • If you’re wondering what I hold in my Other investments- check out my post long story
  • I have some investments that were poor choices (I signed up for them before I became self “edumacated”) that were losing money big time. In order to receive a tax credit, I got persuaded into buying some flow through shares, Venture investments that gave out a tax credit, and some more mutual funds about four or five years ago.
  • Hmm, just 2 few more months until I can get my money out from my venture mutual fund and invest it elsewhere. Can’t wait!

TFSA: $11381 (+1.01%)

  • Um, my TFSA portfolio is doing pretty dismally, but that’s okay I’m not selling these puppies anytime soon.  I still have about $2700 contribution room and am thinking of moving my non-registered to the TFSA, or wait until January and move it then.
  • I signed up for a Tax Free Trading Account with Questrade in 2009 and my TFSA consists 100% of stocks


  • I am not counting this in my net worth, because it’s 11 years old.
  • I finally fixed my windshield!!! It cost $200 and it was done really quickly.  I even got to borrow the courtesy car and drove it around town without needing to fill it with gas!


  • I know this it does not make any sense to divide the principle residence and mortgage debt by 50%, but since I cannot disclose my boyfriend’s financial information, I will do it this way to simplify things. Some of you may not agree to that, and I understand.
  • Vancouver is an expensive city to live in, and many people predict that there will be a housing collapse, especially in a place where their is such a disparity between income and housing price. The Vancouver market was actually quite unscathed compared to the depressed housing markets elsewhere, and many people believe it is sorely due for a correction.
  • We plan to live in this house for 5-10 years or even more, and we are prepared to “suck it up” if it corrects by more than 25%. Our house is in a favourable location in the city, and our neighbours have sold recently for about 30% more than what we paid for our house.


Mortgage Debt: $299681 (-0.3%)

  • It’s an accelerated bi-weekly payment (-4 years from amortization) and we plan to add on what we get from our rental downstairs to pay the mortgage off faster (still no rental income because no tenants LOL!!). Target pay off= 15-17 years.

Credit Card: $502

  • 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.
  • I basically charge everything to my card to reap the benefits (free flights and hotel stays here I come!) —-> We already got enough points for me to fly to Thailand for a friends wedding in February which will definitely help my poor student status- I calculated that I am saving about $500-600 (I love the Avion card! Especially since its free)
  • BF and I got the Royal Bank Avion Infinite Card as our joint credit card (free for one year since we have a mortgage with RBC! So will be using it and letting you how I like it- I would of course never pay $170 a year for this, but since it’s free for one year, why not?).  Which reminds me, I need to call and negotiate! Anyone have any luck avoiding the annual fee for the Avion?

Article comments

Evan says:

At least you are moving in the right direction! That $60 in dividends excited me! imagine when that account is 10x the size and the check is $600!

young says:

@Evan- Yeah $600 is nothing to sneeze at! I love dividends for that. It makes you less stressed if the markets go bad because it decreases your impulsiveness to sell (at least it does for me!).

SavingMentor says:

Good job YT!

As a new Avion cardholder, are you aware of the British Airways transfer bonus they have for Avion cardholders about once per year? It’s a great way to get more value out of your points with a little planning.

Not sure if they have run the promo again this year or not.

young says:

@Saving Mentor- Yup! I got a notice in the mail about it, but ended up transferring my points to Cathay since I needed to go to Asia for a wedding. It would be great if I were going to europe but the points required to go to Asia are much more than if I stuck with Cathay.

Simple Rich Living says:

I recommend you stop paying into RRSP and max out your TFSA instead. The TFSA gives you more flexibility as it is and you also have a defined benefit pension.

young says:

@SRL- I definitely will do this 🙂 BUUUUTT I have to pay back my Home Buyers Plan to the RRSP and once I finish that I’ll stop paying into my RRSP since I do have a defined benefit pension. However, I’m not sure if I’ll have a defined benefit pension forever!

Wish I would have known about the ING thing last month when I signed up 🙂

Im in the same boat, wife dosent want her info out so I just claim the house as a debt and asset even though she helps pay it down.

Looks like you have your $h*t together and are doing well 🙂

young says:

@Jeff- Aweeeee lol that’s okay 🙂 Cool! I just had a look at your networth report- talk about comprehensive!!!

You are lucky you got the first year free! My wife and I had the Visa infinite Aerogold card for 3 years. Paid the Balance off every month and paid the $170 annual fee each year.

We then decided to cancel and go with the Capital One Aspire Travel World Mastercard. $120 for two cards and they give you 10,000 bonus points each year, which we could cash out for $75 and the cards would only cost $45.

When we did call CIBC Visa to cancel they didn’t try anything to keep us, they cancelled the cards on the spot and said have a nice day.

young says:

@Addicted2dividends- Oh darn! Did you get good use out of your Aerogold? I still cant justify paying for a credit card, but the perks and the rewards are pretty amazing. I already got saved $600 on a flight with 1 year of spending.

Jen says:

As a former RBC Visa rep, I’ll let you know it’s almost impossible to negotiate the annual fee price, sorry. Particularly if you just had the year waived they’re more reluctant, annual fee’s are based on interest and insurance coverage (I actually recommend paying the money if you’re using it, taking advantage of insurances, etc)… I’m totally aware I sound like an employee of the bank, lol.

Unfortunately, unlike the USA annual fee’s and interest rates are non-negotiable in Canada.

There is bank packages you can look into that will waive these fees, but I’m not sure of the requirements so much anymore.

ps: just found this blog and love it, can’t wait to read the previous entries.

young says:

@Jen- DARN!!!! LOL thanks for letting me know. I love this blog, I get to hear from great readers like you! We got the first year waived because of the bank package, and am hoping we can get more waived because of the bank package too. We’ll see! I haven’t called yet and will update you guys 🙂

It’s nice to see the net worth goes up doesn’t it? Congrat! 🙂
The market did quite well in October, we’ll see how it goes these last two months.

young says:

@retirebyforty- Yeah! Hopefully the markets finish off with a nice bang!

Congrats on the increase. Your net worth is looking great. Especially since you are still quite young. Keep up the hard work and it will continue to get better and better.

young says:

@Miss T- Thanks for the inspiring words as always!!

Leigh says:

A solid net worth increase again, congrats! My investments rallied a TON in October (i.e. instead of a ~2% increase, I saw a 6.5% increase) and that’s probably what spurred your positive increase as well. Looks like you’re not doing that badly for being in school 🙂

young says:

@Leigh- Sweet!! 6% increase in one month is what its all about!!! 🙂 Yeah you’re right, most of it was from my portfolio because I had a ton of expenses in October (flight ticket etc.).