It’s time again for my monthly net worth update – The May 2007 edition.
This month has shown another modest increase mostly due to savings, a small tax return, and organic gains in my RRSP account.
I had a question from a reader about my last net worth statement. The reader asked how I calculated the pension amount. For me, I take the pension amount on my wife’s statement at the beginning of the year, then add her contributions to the pension on a monthly basis. In her case, it’s $300/mo.
Cash: $4,500 (+0.00%)
Registered Investment: $47,500 (+6.53%)
Pension: $17,200 (+1.77%)
Non-Registered Investment Account: $47,450 (+1.59%)
Real Estate: $ 264,500 (2 properties) (+0.00%)
Vehicles: $17,175 (2 vehicles) (-2.00%)
Total Assets: $433,515 (+1.66%)
Mortgage Debt(from 2 properties): $174,677 (-0.19%)
Other Liabilities: $8,000 (-0.00%)
Total Liabilities: 182,677 (-0.176%)
Total Net Worth: ~$250,838 (+3.04%)
Started 2007 with Net Worth: $224,000
Year to Date Gain/Loss: +11.98%
I’m fairly happy with the progress that I’ve made thus far in 2007 where we’ve reached the quarter million mark!. However, with the pending move this year, I expect some turbulence in future net worth increases.