How time flies, it’s time again for a monthly net worth update – The February 2007 edition. No big changes this month, only that we finally got off our butts and used some of our savings to pay off the car loan of ours. Yes, I know, we should have paid that off a LONG time ago. We will be taking extra income from the $480/month car payment and spending it. Just kidding! The extra monthly income will first go towards my RRSP, then to our non-registered portfolio once my RRSP is maxed out.
I received a comment on my last net worth statement that I shouldn’t include the vehicles in my statement. I realize that cars depreciate and aren’t liquid, but my real estate holdings aren’t liquid either. So, I’m going to keep them in my net worth statement according to the low end value according to the Canadian Black Book.
Registered Investment Accounts: $39,700
Non-Registered Investment Account: $45,900
Real Estate: $ 266,500 (2 properties)
Vehicles: $17,525 (2 vehicles)
Total Assets: ~$415,322
Mortgage Debt: $175,800
Other Liabilities: $8,000
Total Liabilities: $183,800
Total Net Worth: ~$231,500
This month we’re up about 3.35% from the January 2007 net worth of $224,000. Not quite as high as the 4.43% increase last month, but progress none the less.
That’s all for now folks, happy investing!If you would like to read more articles like this, you can sign up for my free newsletter service below (we will not spam you).