Sept 2007 Net Worth Update (+2.27%)

It’s time again for my monthly net worth update – The Sept 2007 edition.

The first net worth update of the fall and we're off to a good start.  After a slow summer, September was good to us and gave us a +2.27% increase in net worth.  Although our liabilities remained the same, the net worth increase primarily came from cash savings and increased portfolio value as the markets have turned around.

Our house is now up on the market, so our net worth statements may get a slight shift when our home is sold.  Perhaps I'll post a few articles about our home selling experience. 

Ramblings aside, here are the numbers: 

Assets: $447,600 (+1.33%)

  • Cash: $4,500 (+0.00%)
  • Savings: $40,000 (+8.11%)
  • Registered Investment: $50,500 (+4.34%)
  • Pension: $20,300 (+2.01%)
  • Non-Registered Investment Account: $45,900 (+1.07%)
  • Real Estate: $ 264,500 (2 properties) (+0.00%)
  • New Home Deposit: $5000 (+0.00%)
  • Vehicles: $16,900 (2 vehicles) (-0.59%)

Liabilities: $182,300 (-0.00%)

  • Mortgage Debt(from 2 properties): $173,400 (-0.17%)
  • Insurance: $900 (+50%)
  • Other Liabilities: $8,000 (-0.00%)

Total Net Worth: ~$ 265,300 (+2.27%)

Started 2007 with Net Worth: $224,000

Year to Date Gain/Loss: +18.44%

Happy to report that we're up +18% year to date.  Perhaps I should have set a goal at the beginning of the year but ideally, I would like to hit the 25% mark. We "should" get close to that goal providing everything goes as planned and no more market corrections. :) 

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FT

FT is the founder and editor of Million Dollar Journey (est. 2006). Through various financial strategies outlined on this site, he grew his net worth from $200,000 in 2006 to $1,000,000 by 2014. You can read more about him here.
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peter brieger
14 years ago

Hi FT, question for you.. Would it not be wiser to pay down your existing mortgages instead of hoarding money? Depending on your mortgage rate would it make more sense to pay it down since i’m sure your after mortgage percentage is higher than 4.25%?

moneygardener
14 years ago

FT,

I am wondering what your rationale is for holding such a large amount of capital in a place that probably yields you 1.0% above inflation at best…

B. C. Dhawan
14 years ago

FT,
Just wanted to know how your assett grew this year beside your saving. eg. return on equity, interest etc.
BC

moneygardener
14 years ago

Good progress.

I am curious what your ‘savings’ category is held in?

Canadian Dream
14 years ago

FT,

You never know when you will hit a real estate boom. After all I moved to Regina of all places and hit one.

Tim

Alex
14 years ago

You should tell us how much of the increase in net worth was from savings and equity payments in mortgage. Because increases are not all ‘gains’.