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I can’t believe the year is almost over.  It’s already time for Halloween.  Next thing you know, it’s time for Christmas and New Years again.

This month was definitely not as exciting as last month (+$5000) or the month before that (+$10,000), but I will take a positive $1500…it’s better than a negative value.

We have paid for most of our wedding including 80% of deposit for the venue, our flights, accommodation, florist, photographer, officiant etc.  Nothing to do but to sit back and relax before the big day (haha yeah right).

I don’t include the commuted value of my pension in my net worth calculation that I post, but I do keep track of it, and this month I will be over $480,000 if I include this, which is a very nice feeling!  So very close to half a million that I can feel it.  Now just need to double that amount before I hit 40.

My goal for the end of 2016 as one of my personal finance resolutions is to reach $420,000 in net worth.  Now I just have $0 towards my goal of $420,000 by the end of the year.   My long term goal is to have a net worth of one millllllion dollars by the time I reach 40.  We will see how that goes…with kids hopefully in the forecast in the next few years, this plan might get derailed, but you never know!

Okay, so here’s the breakdown for October 2016: $423,770 (+$1520)


CASH: $47,400 (+1.3%)

  • Once I deplete the cash in my non-registered account (yes, there is more cash in there) I will start moving this cash into investing accounts.  It is nice to keep it here for an emergency fund anyway.
  • 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: $83,505 (+0.0%)

  • Up by five whole dollars this month
  • Slowly depleting the cash in my non-registered.
  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $64,920 (+0.6%)

TFSA: $59,300 (-0.6%)

HOME: $272,000

  • Am planning to rent it out in a few years.

CAR: $15,625

  • I updated it for 2016-2017 with the Canadian Black Book price, will update it again in July 2017 with the depreciated price


Credit Cards: -$306

  • I signed up for the Chase Marriott Visa and also have an American Express Gold Rewards Card again, 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 $250 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: $118,710 (-1.1%)

  • 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, and would rather not put all my eggs in one basket (e.g. real estate).

Article comments

Kate says:

This is a great site! Do you have any posts for RESP self-directed investments? Thanks!

Kyle says:

Thanks Kate. I don’t have anything specifically on that, but here is something kind of interesting: https://youngandthrifty.ca/the-anti-hockey-scholarship-hockey-is-not-an-investment/

Long story short, you might want to keep it simple, but there is some value in taking on a bit of risk 17 years away from graduation day, and then moving to safer investments as post-secondary day approaches.

A says:

Kyle, I presume. I’m thinking of starting a website myself in a similar style to keep motivated and financially on track. I’m trying to decide if I should be anonymous with a pen name, or just be transparent and myself. I’m wondering if you’ve ever had any problems or concerns with publicly revealing your identity and being so forth coming with your financial state. Have you ever had any hackers or spammers or online criminals pursue you or your accounts since you’re a public figure revealing their identity and finances?

Young says:

@A- That’s not Kyle 🙂 He doesn’t reveal his financial state. The original owner of this website does (me) and have a pen name and am anonymous 🙂 You can always be incognito and later on reveal yourself, that seems to be what a lot of bloggers have done.

The Wannabe Investor says:

I just started my financial journey… Reading about your journey keeps me motivated.

Best of Luck! 🙂

MrSLM says:

Congrats on hitting $420k! Market has been kinda flat lately so it’s not too surprising you didn’t see much gain.

Kara says:

Curious – how old are you?

Young says:

@Kara- I”m in my early-mid thirties 🙂 Not so young anymore.