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.
A monthly calculation of my networth to keep myself accountable with my finances and investments.

Net Worth: April 2010
$90,016  (+ 5.4%)

Alriiiight!  The markets have been doing hella good so far, though I’m still nervous as it might correct itself soon.

Okay, so here’s the breakdown:


CASH: $25,636

  • I added up my chequing and savings account (High Interest Savings Account).
  • I automatically deduct money from my chequing account and have it siphoned to the HISA account.

STOCKS: $21,566 (+10.2%)

  • I was pretty active in March (well, for me anyway) making about 7 trades on Questrade.  I accidentally bought 1000 shares of something when I meant to buy 100 (darn margin accounts- they make me nervous!!) and thankfully realized my blunder before I signed out for the day…I sold 900 shares and had to suck up the commission for my mistake.  Thankfully Questrade’s commissions are low!!
  • These are stocks that captures 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 (which is pretty much at par right now)

RRSP: $20,985 (+4.5%)

  • This includes some emerging market mutual funds (BRIC), the monthly deduction from my HISA into my TD E-Series account (primarily bonds), a GIC in my ING Direct Account, and some ETF stocks I have in my BMO Investorline account.
  • I hope to max out the $25,000 and withdraw for my first home purchase (hopefully soon) with this amount saved.
  • The RRSP is staying steady.  I’m thinking of buying some more ETF stocks to balance it all out for my 2010 RRSP.
  • I might switch over my BMO investorline RRSP soon to a Questrade RRSP because I just got hit with the $105 yearly fee they charge to keep the RRSP account “maintained”….*grumble grumble grumble*.  Also don’t like the $29 per trade.


  • I am a public sector employee (hurrah for good-lookin’ pensions!) but am not including it in this net worth update because I want to keep it simple, and to be honest, I’m too lazy to calculate how much I have in it.

OTHER: $11592 (+1.2%)

  • 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 are 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 years ago.

TFSA: $11200 (+2.8%)


I’m not going to bother counting the car. It’s 10 years old and I’m planning to drive it to the ground.


  • This is considered “pretty good” for my monthly credit card spending- I pretty much use my card for everything.
  • I pay off my full amount every month 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 basically charge everything to my card to reap the benefits (free flights and hotel stays!)– Sadly, the last month of the SPG MBNA card has come and gone, though MBNA has a new Elite Travel Rewards Card that has replaced the SPG card.  I compared a few no fee travel rewards cards available in Canada and have come to the conclusion that I will stick with the MBNA Elite Travel Rewards card and see how it pans out.

Article comments

Guy G. says:

I would say that was a pretty complete and transparent reflection of your networth. For people who are just learning basics in finances like tips on budgeting, I’d suggest they don’t get bogged down with all the details. To make it as simple as possible, if they want to see their net worth climb, spend less then they earn, and pay down debt. Investing is important as you’ve demonstrated as well, but people need to make sure they take the time to learn.

P.S. Your other posts look great too. Let me know if you’d ever want to write a guest post.
.-= Guy G.

young says:

@Guy G. Thanks for visiting and stroking my ego! That is one succinct piece of advice you gave- make it simple, spend less than they earn and pay down debt. Thanks for the offer- re: guest post, I’ll be sure to take you on it.

MoneyHoneySF says:

You’re almost there with 6 figures.

Keep chugging at it and hopefully the stock market will surpass 11K soon and make us some more gains.


young says:

@MoneyHoneySF Thanks =) I know you’re already up in the sixers- so I’ll be looking to your for inspiration =)

Ron says:

Great Blog.

I very much enjoy following your progress.

It is refreshing to see such a no nonsense style.

To your success


young says:

@Ron Thanks for your compliment and well wishes! I see that you’re from Vancouver too =) Perhaps it’s because I’m from Vancouver and that’s why I’m so ‘no nonsense’ =P

Great work and well done! I’m working on calculating our net worth (without defined benefit pension as well). Look for that post in another few weeks on my site.

‘Till then, I will keep stopping by. Cheers!
.-= Financial Cents


I’m impressed–and your biggest asset (your pension) isn’t included in this thing. I don’t know how pensions are typically valued (actually, their valuations have never made sense to me) but I look at cash flow generation. If, in today’s dollars, you can generate (as a retiree) $40,000 annually from a pension, then to me, that pension is worth a million dollars, based on the 4% sustainable (indexed to inflation) withdraw rate. You’re very fortunate to have a nice nest egg and a great pension to look forward to. Congrats!!

.-= Andrew Hallam

young says:

@Deliver Away Debt- Yes- here’s the the markets not correcting until 10 years from now lol- though the recovery has been super steep so far.

@Financial Cents- cool! looking forward to checking it out. Calculating networth is strangely strangely satisfying. Is there a fetish category for that, you think?? =)

@Andrew Hallem- Hmm well, my pension will be good, provided I work for another 27 years- though I don’t really want to do that, and I’ll probably drop to part time if I have kids.. AND i’m planning to go back to school for a few years so that might interrupt my beautiful pension building.

Very nice very nice. Keep up the great work 🙂 Here’s to the markets not correcting until next year, haha
.-= Jeff @DeliverAwayDebt

Congrats on the progress! So interesting to read about all the different new savings acronyms in Canada!

Which one is the tax free ones?
.-= Financial Samurai

young says:

Thanks guys! The tax free one is the “TFSA” and the one that gives you your tax back is the “RRSP” =) Ditto for American personal finance!! =) “Roth IRA” Wonder what that stands for?

Rat, the 1000 shares wouldn’t have been performing well + interest for using their margin … it would have been pretty bad!!

The Rat says:

Congrats on the 5%+ increase; that’s great.

It would be interesting to see how those 1000 shares would have performed thus far had you not caught the purchase entry!
.-= The Rat