Posted by Tim Stobbs on August 31, 2011
Here is my bi-monthly update on my net worth, where I try to show a little hard data on the journey to early retirement. Like all journey’s even mine has a few bumps in the road.
Wife’s RRSP $18,500
Wife’s Investment Account $12,600
Wife’s TFSA $10,700
My Investment Account $6,100
High Interest Savings Account $800
Net Worth $423,800 (-$800 or -0.2%) [+ 10.5% YTD ]
Investment Net Worth $129,300 (-$5200 or -3.9%) [+ 1.9% YTD]
Mortgage is down by $29,000 or 74% of my goal for 2011.
Talk about kicking a guy when he is done. Ouch, these stock market drops have really hit my investment net worth for the last four months. So much so that my net worth actually drop even with all my payments to reduce my mortgage principle.
You might have noticed I have actually used my line of credit, I borrowed a some cash to pick up a few investments during the recent downturn. Hopefully this will pay off in 2012. In the mean time I’m at least on track to meet my mortgage payoff goal by the end of the year. This of course leads into my big plan for 2012: make my last mortgage payment on Dec 15, 2012 and then be complete debt free!
So while the road is long, there are some bright spots on the horizon and I’m hopeful it isn’t a train that is going to run me over. *grin*