Another increase in August which is good. It seems we are still trying to get our footing back on some solid ground after the wedding. We manage to put some cash into savings. At first glance it may look like we took a big hit in savings but that’s because we put a large lump sum payment into the mortgage. [...]
Due to my little break its been a while since I’ve posted a net worth update. I hadn’t posted an update for June or July so both will be included in this single update. As well I feel its necessary to do a midyear review to get some insight into my progress thus far.
It’s also fitting that I do this [...]
Well May has been another good month with an increase of 5%. The investments are doing well and we finally stopped hording so much cash and moved some into savings. I continue to save my RRSP money in a savings account and hope to make a contribution in the next few months. All in all everything continues to look good. [...]
This month was another big month where we saw our net worth increase by nearly 10%. Not only did the market trend further upwards but the banks soared even further causing my investment portfolio to increase by 24%. Savings had an increase of 76% mostly from my tax return. I had a return of $8k and it will only sit [...]
This month we saw nearly a 5% increase in our net worth. This was mostly brought on by the slight recovery in the market this past month. Non-registered investments increased by nearly 25% (over 6k). Unfortunately we are seeing very little organic growth via savings and debt reduction, only about $1k. We continue to horde our money in the account [...]
February Summary
We manage to squeeze out a small increase in our overall net worth. As expected savings had a huge drop off as I shifted $21k from savings over to my RRSP. As well we haven’t put any additional money into the emergency fund. The money we set aside for our emergency fund continues to sit in our [...]
There was a slight decrease in our net worth at the end of the month. We manage to increase our savings (which is in fact a lump going towards my RRSP) by nearly $4k. However my investment portfolio continues to take a beating mainly because American Banks continue to take a beating. All we can do is continue to save [...]
What is net worth?
Net worth is defined as all of your assest minus your all of your liabilities. To put it another way it is the total value of everything you own minus the total value of everything you owe. If you owe more than you own, you have a negative net worth. If you own more than you [...]
