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.


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


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!


  1. Final Fantasy 7 on March 9, 2007 at 5:46 pm

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

  2. FrugalTrader on March 9, 2007 at 8:47 pm

    FF7: For me, I simply call my real estate agent to give me the most recent prices in the neighborhood.

  3. […] 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. […]

  4. RacerX on February 21, 2008 at 8:53 pm

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

  5. Carly on December 14, 2010 at 12:41 am

    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?

  6. FrugalTrader on December 14, 2010 at 9:01 am

    @Carly, the jump from $200k in Dec 2006 to 224k in Jan is due to accounting changes. During that time, I added our defined benefit pension (contribution amount) to the net worth.

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