Million Dollar Journey

Questrade Democratic Pricing - 1 cent per share, $4.95 min / $9.95 max

Building Wealth through Saving and Investing

Welcome to Million Dollar Journey! If you're new here, you can learn about me, read our user guide, and even follow my net worth updates. A great place to start reading is with the popular articles located in the right side bar. If you would like to join thousands of others and keep up with the free daily updates, you can subscribe to the RSS feed via reader or E-mail.

On your way out, make sure to check out the exclusive Million Dollar Journey Freebies and Deals.

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.







5 Comments, Comment or Ping

  1. 1. Jonathan

    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. 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. 3. Jonathan

    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. 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

    Trackbacks

Reply to “Net Worth: December 2006”

Subscribe without commenting



Get the Latest

      

Money Tips Newsletter

Premium Sponsors



Recent Comments

  • Kapitalust: It’s interesting to look at you as a case study because I’m on a very similar path, just a...
  • Graham: Regarding Don G.’s comment above on early withdrawal from RRSPs or RRIFs. This would apply mainly to...
  • Sebastien Benoit: @Andrew Keep in mind that you’ve already paid tax on the money you put into that...
  • Andrew: Hmm, this is interesting. Because I can get about $48,000 tax-free dividend income in Ontario from a...
  • FrugalTrader: @Mark, if you are concerned about falling ill and the cost of long term care, have you looked at long...
  • My Own Advisor: @FT, I’m not sure the financial legacy will be that large. Sure, there will (hopefully) be some...
  • Don G: This is a bit off topic but I’d like to comment on Graham’s comment on the RRIF withdrawals and...
  • M Trottier: Its better if you have a professional who has a Digital OTA spectrum analyzer do a signal strength test...
  • FrugalTrader: @My Own Advisor, I wouldn’t discount CPP so easily, but I can see the hesitation about OAS. My...
  • Graham: We are already well into retirement, but used a similar approach. While working, I was not much interested in...
 css.php