July 2016 – Net Worth

The following is an update of Tim’s plan to retire early.  Please note we are mortgage free.

Our ultimate goal between investments and the home equity is a net worth of around $1 million.  The investment part of that target is $550,000 (or higher).

Investments

Accounts

RRSP $51,340
LIRA $15,300
TFSA $76,420
Pension $144,470
Wife’s RRSP $81,320
Wife’s TFSA $61,020
Wife’s Taxable $43,650
High Interest Savings Account $2360

Investment Net Worth $475,880 (increase of $19,460 over last month)

Home Equity

Estimate $375,000

Spending

Last Month $2278

Nothing too interesting for spending. Rented an instrument for our oldest to start band in the fall and bought the kids some art for their rooms.  There old kid paintings were really in need of replacement.

Trailing Last 12 Month Average $2635 (or $31,629 for the last 12 months)

Results

PF Score: 26.9 {Target 31}

Net Worth ~$850,880

Commentary:

Well the investments shot up so much I actually ran the numbers twice to make sure I didn’t make an error.  Yes, the number is right, they went up nearly $20,000 in a month.  Granted some of that was contributions, but still that was a nice surge.

Any questions?

July 2016 Investment Net Worth

(click to make bigger)

2 thoughts on “July 2016 – Net Worth”

  1. Nice increase.
    What investments are you in? Personally, I invest in indexes mainly through Vanguard ETF’s.

  2. Scott – RRSPs are in EFT index funds, TFSAs are in individual stocks. If you want more details feel free to search the site.

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