February 2007 Net Worth Update (+3.35%)

Written by: FT

In this article:

    How time flies, it’s time again for a monthly net worth update – The February 2007 edition. No big changes this month, only that we finally got off our butts and used some of our savings to pay off the car loan of ours. Yes, I know, we should have paid that off a LONG time ago. We will be taking extra income from the $480/month car payment and spending it. Just kidding! The extra monthly income will first go towards my RRSP, then to our non-registered portfolio once my RRSP is maxed out.

    I received a comment on my last net worth statement that I shouldn’t include the vehicles in my statement. I realize that cars depreciate and aren’t liquid, but my real estate holdings aren’t liquid either. So, I’m going to keep them in my net worth statement according to the low end value according to the Canadian Black Book.

    Assets

    Cash: $4,500

    Savings: $24,897

    Registered Investment Accounts: $39,700

    Pension: $16,300

    Non-Registered Investment Account: $45,900

    Real Estate: $ 266,500 (2 properties)

    Vehicles: $17,525 (2 vehicles)

    Total Assets: ~$415,322

    Liabilities

    Mortgage Debt: $175,800

    Other Liabilities: $8,000

    Total Liabilities: $183,800

    Total Net Worth: ~$231,500

    This month we’re up about 3.35% from the January 2007 net worth of $224,000. Not quite as high as the 4.43% increase last month, but progress none the less.

    That’s all for now folks, happy investing!

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    5 Comments
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    Carly
    14 years ago

    Just started reading, how did your cash, savings, and investments- not including your home jump from 98k in Dec 06′ to 121k in Jan 07′ to 131k in Feb. 07 on a combined income of 105k, which is 8750K monthly?

    RacerX
    16 years ago

    Wow. Great job and very impressive! Especially in this market!

    March 2007 Net Worth Update (+1.57%) - Million Dollar Journey
    17 years ago

    […] Last month, I reported a net worth of $231,500, so this months $235,130 represents an increase of 1.57% month over month and 9.6% year to date. […]

    Final Fantasy 7
    17 years ago

    How do you calculate the value of your real estate holdings?

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