Sept 2007 Net Worth Update (+2.27%)

Written by: FT

In this article:

    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. :) 

    I've Completed My Million Dollar Journey. Let Me Guide You Through Yours!

    Sign up below to get a copy of our free eBook: Can I Retire Yet?

    Subscribe
    Notify of

    This site uses Akismet to reduce spam. Learn how your comment data is processed.

    17 Comments
    Newest
    Oldest
    Inline Feedbacks
    View all comments
    peter brieger
    17 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
    17 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
    17 years ago

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

    moneygardener
    17 years ago

    Good progress.

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

    Canadian Dream
    17 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
    17 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’.

    Latest Articles

    Questrade Logo

    Questrade Review 2024

    qtrade new logo

    Qtrade Promo Code 2025

    gic rates canada

    Best GIC Rates in Canada – December 2024

    life insurance canada

    Life Insurance for Seniors in Canada

    buy crypto canada

    bitcoin in Canada 2024: Should I Buy bitcoin?

    us elections economy

    Trump, Tariffs, and the Canadian Economy

    qtrade guided portfolios logo

    Qtrade Guided Portfolios Review

    pension plans canada

    Canada Personal Pensions: Defined Benefit vs Defined Contribution Plans