July 2007 Net Worth Update (+1.74%)
It’s time again for my monthly net worth update – The July 2007 edition.
This past month has also been tough on the expense side of things as we decided to purchase our appliances in advance. On top of that, we had to purchase plane tickets for our vacation coming up. On the bright side though, we got a super sale on our kitchen appliances. The extra expenses are below:
- New Kitchen Appliances: $2,150
- Vacation Expense: $1,000
- Expenses: $3,150
Not nearly as bad as last months $4,880 in unplanned expenses, but still made a dent in the cash flow. Anyways, enough complaining, here are the numbers for this month.
Assets: $441,625 (+1.05%)
- Cash: $4,500 (+0.00%)
- Savings: $32,100 (+3.82%)
- Registered Investment: $51,400 (+5.76%)
- Pension: $19,500 (+1.56%)
- Non-Registered Investment Account: $47,450 (0.64%)
- Real Estate: $ 264,500 (2 properties) (+0.00%)
- New Home Deposit: $5000 (+0%)
- Vehicles: $17,000 (2 vehicles) (-1.02%)
Liabilities: $182,322 (-0.02%)
- Mortgage Debt(from 2 properties): $174,022 (-0.19%)
- Insurance: $300 (+100%)
- Other Liabilities: $8,000 (-0.00%)
Total Net Worth: ~$ 259,128 (+1.74%)
Started 2007 with Net Worth: $224,000
Year to Date Gain/Loss: +15.68%
Still making very modest gains through the summer, and I'm satisfied with the year to date gains thus far. The only thing I'm not so satisfied with is my drive to make more money. I'm normally a go getter and ready to risk more to gain more. Lately, I've been more of the "go with the flow" type, which doesn't help in reaching my financial goals.
As soon as we get the new house settled away, I think it will be time again to get more aggressive with my money.
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Lewis, I know what ya mean! As long as I remain “anonymous” I don’t mind posting my numbers. Besides, the readers seem to enjoy seeing actual numbers. Whatever makes you guys happy makes me happy.
I’m still surprised that you show these numbers on your website! I appreciate the courage it takes to put yourself out there like that.
Warren, yea, rental property insurance is really expensive here. Note that the insurance includes 2 vehicles, primary residence and rental property.
Qubikal, the increase in the RRSP’s includes contributions. The growth is primary due to trading in the new account I opened with Questrade. Got lucky I guess? :)
Congrats on another net worth increasing month!
I’d like to know how you managed to pull a positive increase in your investments (notably the 5.76% in the registered investments)?
Just a little jealous… that’s all.. =)
Sounds like a lot, but I guess if your rental property is a detached house that makes sense. What about other lump sums like regular (but expensive) maintenance for your properties? I’m sure you have more detail outside of this blog, but I was just curious. My situation is similar, although my rental property is an apartment with predictable expenses.
Hey Warren, since I pay for my insurance costs in lump sums, i’m going to add it as a monthly liability. I paid the lump sum last month, so every month going forward will cost me an additional $300.
Thanks as always for the detailed info, looks like another great month. What happened with your insurance costs? Is this a one time liability, I didn’t see it on last month’s statement.
Hey guys, thanks for the encouragement. FP, the appliances include bottom drawer fridge, typical flat top range, regular dishwasher, and over the range microwave oven. And yes, taxes in. Even though our new home is about 3-4 months away, we couldn’t pass up on the deal. :)
Hi FT – nice numbers as always!
That appliances cost looks pretty reasonable. I’m assuming that is for fridge, stove, dishwasher and taxes in? Pretty good stuff.
Don’t worry about the money making thing – you can only do so much at one time.
Mike
Those are some impressive numbers. Congrats on the deal on the appliances and the airfare.