November networth update: $343,130 (+0.9%)

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I must admit when I do my NW updates I get a bit anxious these days since I set that goal for myself.

Just to recap, my goal for the end of the year was to break a net worth of $350,000.  I have just shy of $7000 to go before the end of the year, and perhaps this is achievable (just barely), provided the markets continue to be stable.  If I used my pension contributions, I have met my target of $380,000 net worth if I include my pension contributions.

This month's update is not too bad considering I spent a lot of money on my trip and was away the entire month.

Okay, so here’s the breakdown for November 2014 ($343,130): +0.9% +$3300


CASH: $38180(-4.5%)

Net Worth Update

Non-Registered: $105600 (+0.7%)

  • I bought a few stocks this month/ added some positions and two stocks got automatically sold due to my stop limit orders
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $49290 (+5.1%)

TFSA: $41,660 (+1.0 %)

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


Credit Cards: $475

  • 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 is that I can't see my credit card spending as easily so I ended up resorting back to the 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 it’s under the liability column so I’ll do the same.

Mortgage: $180, 075 (-0.3%)

  • 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.
  • This month, I made my first “double up payment” on my mortgage.  It was very easy to set up and there was minimal follow up.
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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.


  1. Nelson on November 18, 2014 at 3:56 am

    Y&T, why do you have so much cash? That’s 25% of your portfolio (excluding RE) just sitting there earning 1.2% interest. If you stick it in XBB (WHOOO ETFs. Am I doing this right guys?) you’ll get a 3.15% yield. That extra 2% a year is $760.

    I’ve read the blog long enough to know the net worth posts are basically a template, but it’s interesting how the cash back from your credit card merits a mention, but the missed opportunity of having too much cash on hand doesn’t. I’d say it’s because we’re more inclined to focus on the “reward” of points, rather than the penalty of missed interest. You catch more bees with honey, as they say.

  2. Kyle on November 18, 2014 at 7:53 pm

    “You catch more bees with honey”???!!!! Clearly your world travels have softened you Nelson. Where is the man we new and loved, the man for whom the label “politically correct” was the worst insult you could hurl his way? Are you spending time with Buddhist monks over there? Nice ETF mention, that get you two contest entries on the next thing we give away (which will probably be a book you already read).

    I’ll let “Young” defend her cash position for herself.

  3. Vikas on November 19, 2014 at 4:56 am

    You should look into using YNAB instead of It is more manual but once you get used to it, it makes things easier and you aren’t giving up your password to mint.

  4. Phil on November 20, 2014 at 10:18 am

    Young, I don’t want to knock what you are doing, but being up ~6% year to date for your net worth is lagging in my opinion. I apologize for my abruptness, but you could/should be doing much better. I suggest more focus to having your money work more efficiently for you. Time is a commodity we never get back. – Cheers

  5. My Own Advisor on November 20, 2014 at 7:12 pm

    Agreed with the cash, missed a big run up with it and it’s a loser to inflation. This you know. In the end, do what you feel is best!

  6. Sean Cooper, Financial Journalist on November 21, 2014 at 4:46 pm

    You should be happy your investments are in the black. My investments are down this month (although I didn’t make any new contributions). I’m a long-term investors, so it doesn’t keep me up at night (although losing 50% of my portfolio to a correction might!)…r-5-21.htm

  7. Jonny on November 22, 2014 at 8:33 am

    Here’s hoping you can reach that $350k mark!
    I set a goal for my net worth as well this year (you can check that out here –…ss-reports). I’m on pace to hit that mark, but there’s always the chance the markets could take another dip by year end, which is totally out of my control. For me, so long as I’m hitting my contribution and savings rate targets I’m happy.
    I’m also curious as to why you have such fat stacks in your bank accounts.

  8. Matt on November 22, 2014 at 9:07 am

    Holding cash is perfectly acceptable, and it’s actually less than 12% of her portfolio. Bonds are a much higher risk, especially in a low-rate market.

    If she plans to use that money for anything specific in the next year or two, protecting that cash is important.

  9. Young on November 22, 2014 at 5:18 pm

    @Phil- No totally agree! I did spend the equivalent of approx $13K in travel this year hahaha. But yeah, I should be doing much better! I calculated the measly 6% increase from last year and was frankly disappointed in myself. I will work on it for next year. 🙂

  10. Young on November 22, 2014 at 5:25 pm

    @Jonny- Thanks Jonny! Looks like you are doing great for yourself too!

  11. Young on November 22, 2014 at 8:30 pm

    @Nelson- Yeah as usual you are right. I’m not sure why I hold so much cash. I think it was because I wanted to buy a car. Then that was done but I still have cash saved up.

    Yes, the reward of points is so much more attractive than the penalty of missed interest. I guess I was worried about the risk, whereas with credit card points there is no risk (for me anyway). I will get on it. Ai ai captain!!

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