August 2007 Net Worth Update (+0.11%)
It’s time again for my monthly net worth update – The August 2007 edition.
This summer isn't going as smoothly as planned. First I've had a ton of unexpected expenses followed by a market correction which started in late July. The market correction has affected my August 2007 net worth statement a little more than I would like, but I consider it as more of a small bump in the big picture.
On the positive side, we managed to keep the streak alive with another positive (break even) monthly net worth update. This was mostly due to a big jump in savings due to a bonus that we received at work.
Ramblings aside, here are the numbers:
Assets: $441,712 (+0.06%)
- Cash: $4,500 (+0.00%)
- Savings: $37,000 (+15.26%)
- Registered Investment: $48,400 (-5.84%)
- Pension: $19,900 (+2.05%)
- Non-Registered Investment Account: $45,412 (-4.3%)
- Real Estate: $ 264,500 (2 properties) (+0.00%)
- New Home Deposit: $5000 (+0%)
- Vehicles: $17,000 (2 vehicles) (-0.00%)
Liabilities: $182,300 (-0.01%)
- Mortgage Debt(from 2 properties): $173,700 (-0.19%)
- Insurance: $600 (+100%)
- Other Liabilities: $8,000 (-0.00%)
Total Net Worth: ~$ 259,412 (+0.11%)
Started 2007 with Net Worth: $224,000
Year to Date Gain/Loss: +15.81%
Barely squeaked out a positive net worth statement. Until next month..
7 Comments, Comment or Ping
1. Telly
You may have only squeaked out a positive update but those numbers are still very impressive. Keep up the good work!
Aug 30th, 2007 @ 11:56 am
2. Warren
Congrats on keeping things even this month. I have 2 questions that I couldn’t find answers to looking through some of your older updates:
1) What does the $8000 liability represent? Is this savings for annual expenses that come up?
2) How do you value your real estate? I’ve seen many theories on this, especially important in these fluctuating times.
Aug 30th, 2007 @ 1:31 pm
3. FrugalTrader
Hey guys!
Warren, the $8000 liability represents a personal responsibility that we have.
With regards to real estate, I value my principle residence and rental by slightly under market value – realtor fees. The value of the homes are determined by an agent. The values have probably gone up, but I like to get a yearly appraisal done.
Aug 30th, 2007 @ 4:06 pm
4. Canadian Dream
FT,
Your still in the positive, so that is all that counts.
I was amazed that I’m actually ahead in my last net worth update. I was expecting a nearly flat increase like yours.
Tim
Aug 30th, 2007 @ 4:08 pm
5. FrugalTrader
Tim, i’m very impressed with your NW statement this month, congrats!
Aug 30th, 2007 @ 4:26 pm
6. Canadian Dream
FT,
Thanks. I’m still behind you, but I’m working on it. *grin*
Tim
Aug 31st, 2007 @ 2:16 pm
7. Tom
As long as you’re not going downhill, you’re good! ;)
Great numbers, keep up the good work.
Aug 31st, 2007 @ 6:37 pm
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