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Helping Canadians with Personal Finance Since 2006

Net Worth: December 2006

So I want to keep track of my net worth on a monthly basis but I’m undecided whether I want to post it over the Internet. However, how else are you readers going to know how I’m progressing? I always find it interesting reading other personal finance blogs to see how their net worth is doing, so I’m leaning towards posting mine. Besides, it will be an interesting read a few years down the road.

Anyways, here it goes:

Assets

Cash: $3000 (this fluctuates)

Savings: $25000

Registered Investment Account: $32000

Non-Registered Investment Account: $38000

Real Estate: $ 266500 (2 properties)

Vehicles: $20000 (2 vehicles) (this will decrease in a hurry)

Total Assets: ~$384500

Debts

Mortgage Debt: $178000

Car Loan: $8000

Total Debts: 186000

Total Net Worth: ~$198500

I don’t think I’ve ever done a calculation like that to determine my (along with my wife’s) net worth. To be honest, I’m surprised that it’s so high. I’m not a big fan of using cars as a component of net worth as their values decrease so quickly but I will for arguments sake.

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4 Comments

  1. Jonathan on December 31, 2006 at 1:06 am

    Check out http://www.networthiq.com helps keep track of your NetWorth, easy, free and has a nifty little badge you can add to the side bar or in a posting. Good luck trying for a million myself!

    Mine as an example: http://www.networthiq.com/people/realjones

  2. FrugalTrader on December 31, 2006 at 8:00 am

    Hi Jonathan!

    Thanks for posting the useful plugin! Your networth is impressive with a high % in stocks! If you don’t mind me asking, what is your investing strategy?

    FT

  3. Jonathan on January 2, 2007 at 5:13 am

    I’m very agressive. Currently employing the “All eggs in one basket” strategy which isn’t adviceable unless you have a very good basket. ;) Which at this point I do and expect it to get better during 2007. I will be shaving profits off during the year and going back to fundamental analysis and gut feelings about industries. I dig your site nice work!

  4. FrugalTrader on January 2, 2007 at 10:57 am

    Hey Jonathan,

    Thanks for the compliments. I was looking at your site and i’m wondering if Jones Soda one of your biggest investments? If so, why?

    FT

  5. […] started in late 2006 with a net worth of around $200,000 and it has grown over the years to close to $312,000.  Still not quite the $1 million that […]

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