It’s time again for my monthly net worth update – The May 2007 edition.
This month has shown another modest increase mostly due to savings, a small tax return, and organic gains in my RRSP account.
I had a question from a reader about my last net worth statement. The reader asked how I calculated the pension amount. For me, I take the pension amount on my wife’s statement at the beginning of the year, then add her contributions to the pension on a monthly basis. In her case, it’s $300/mo.
Cash: $4,500 (+0.00%)
Registered Investment: $47,500 (+6.53%)
Pension: $17,200 (+1.77%)
Non-Registered Investment Account: $47,450 (+1.59%)
Real Estate: $ 264,500 (2 properties) (+0.00%)
Vehicles: $17,175 (2 vehicles) (-2.00%)
Total Assets: $433,515 (+1.66%)
Mortgage Debt(from 2 properties): $174,677 (-0.19%)
Other Liabilities: $8,000 (-0.00%)
Total Liabilities: 182,677 (-0.176%)
Total Net Worth: ~$250,838 (+3.04%)
Started 2007 with Net Worth: $224,000
Year to Date Gain/Loss: +11.98%
I’m fairly happy with the progress that I’ve made thus far in 2007 where we’ve reached the quarter million mark!. However, with the pending move this year, I expect some turbulence in future net worth increases.If you would like to read more articles like this, you can sign up for my free weekly money tips newsletter below (we will never spam you).