Some days I honest feel like I just did my last net worth and then I’m doing it again, instead of the actually two months between them.  I assume then my life isn’t too boring, any way on to the numbers.

Assets

House $331,200
RRSP $23,300
LIRA $10,200
TFSA $7,900
Pension $19,000
Wife’s RRSP $12,100
Wife’s Investment Account $12,200
Wife’s TFSA $6,900
My Investment Account $6,000
High Interest Savings Account $6,400

Debt
Mortgage $112,400
HELOC $0

Therefore my net worth now stands at $322,800 for the end of Feb 2010. That is an increase of $18,300 or 6.0% from my last update.  Of that my investment net worth was $104,000 which was an increase of $5,300 or 5.3%.  Mortgage is down by $8,800 or 20% of my goal for 2010.

So a few general notes about all of this.  First off I did adjust the house value up slightly to reflect local market conditions.  Given the potential spike that could occur from the new mortgage rules during my next update at the end of April I might have to just freeze my house value till that passes.  I’ll decide during my next update what to do.

In the mean time the equity markets didn’t move all that much so my investment net worth remained fairly stable with a slight increase.

The obvious mover in this update is the drop off in the mortgage as it is my goal to reduce that to $78,000 by year end.  I should explain a quirk of how I’m paid for my school board work.  Since school isn’t on in the summer I don’t work and also don’t get paid.  So you won’t’ see much of a drop over the summer on the mortgage.  In addition I’ve decided to put my last two cheques into my RRSP to balance off some of my tax bill.  So overall you will see a sharp reduction at the start of the year and then it will slow down for the second half.

Any questions?

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I’m really having issues with it being the end of the year already.  It’s past so fast!  It’s certainly been an interesting one so far, so let’s check on my final net worth for 2009.

Assets

House $327,000
RRSP $23,400
LIRA $10,300
TFSA $7,700
Pension $15,100
Wife’s RRSP $12,100
Wife’s Investment Account $12,300
Wife’s TFSA $6,500
My Investment Account $5,800
High Interest Savings Account $5,500

Debt
Mortgage $121,200
HELOC $0

Therefore my net worth now stands at $304,500 for the end of Dec 2009. That is an increase of $23,100 or 8.2% from my last update.  Of that my investment net worth was $98,700 which was an increase of $11,300 or 13%.

On a year over year basis net worth is up 38.7% (or $84,900) , while investment net worth is up 101% (or $49,600) for 2009.  Umm…..(long pause)….well that went better than I thought possible!

Now obviously this net worth looks partly so good since last year at this time we were all collectively just had our investments crushed by the market drop in late 2008.  The other factoring helping it along this year was the fact I focused on my increasing my investments this year and it really paid off.  My investing net worth is now just short of the $100,000 mark and double what it was at this time last year.  On an overall basis that investment increase is 58% of my total net worth increase this year, while paying off the mortgage was another 19%.

Which brings me to my little New Year present to myself.  A quirk of how my benefits are applied to my pension at work means I’ll be getting a lump sum payment of $2300 on Jan 1, 2010 which I have NOT included in these numbers.  So as of tomorrow I’ll have broken the $100,000 mark.  Now that’s a good way to start a New Year.

So as impressive as this year was next year I’m shifting my focus to paying down the mortgage so I know next year I won’t have the same jump in my investment net worth.  Any questions?

(Graphs will be posted later as I’m having issues with my spreadsheet this morning)

BOO.  Well if that didn’t scare you I’m sorry my net worth won’t either.  Actually it’s looking alright.  See below.

Assets

House $322,000
RRSP $22,300
LIRA $9,900
TFSA $7,000
Pension $11,500
Wife’s RRSP $11,400
Wife’s Investment Account $11,500
Wife’s TFSA $6,200
My Investment Account $5,600
High Interest Savings Account $2,000

Debt
Mortgage $128,000
HELOC $0

Therefore my net worth now stands at $281,400 for the end of Oct 2009. That is an increase of $8,000 or 2.9% from my last update.  Of that my investment net worth was $87,400 which was an increase of $5,600 or 7%.

On a year to date basis net worth is up 28.1%, while investment net worth is up 78%.  Wow, that’s a damn good number so far.  I likely won’t double my investment net worth for the year, but I will get within striking distance.

The mortgage continues to fall at a good pace.  During the next few months that will increase since I’ve decided to take all my money from my second job and put it on the mortgage.  In the longer run I’m thinking about after paying off the mortgage I’ll stop tracking my house value.  Instead I’ll shift over to just purely my investment net worth since at that point that will be more in line with my overall goal.

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Well welcome to the recovered edition of my net worth updates.  See the numbers below.

Assets

House $322,000
RRSP $21,800
LIRA $9,800
TFSA $6,600
Pension $9,900
Wife’s RRSP $11,000
Wife’s Investment Account $7,400
Wife’s TFSA $5,600
My Investment Account $5,800
High Interest Savings Account $3,900

Debt
Mortgage $130,400
HELOC $0

Therefore my net worth now stands at $273,400 for the end of Aug 2009. That is an increase of $21,700 or 8.6% from my last update.  Of that my investment net worth was $81,800 which was an increase of $10,300 or 14%.

On a year to date basis net worth is up 24.4%, while investment net worth is up 66.6%.  It  is interesting to note that now my net worth is within $1600 of my all time high of April 2008.  So I would call this a recovery, at least for me.

I did increase my house value this month.  The house across the street just sold giving me a very good reference number to what my house is worth.  Also we continued the mortgage pay down campaign so that keeps dropping at a good pace.

On the investment front we continue to bulk up my wife’s investment account with some contributions, but in general the market’s recovery has more driven this net worth increase more than anything else.  Essentially I’m seeing a the payback of buying those investments around the bottom of the market earlier this year.

Also I realized my graphs were getting cut off during the transfer from the original spreadsheet so I adjusted the amount of data being displayed so they should show properly now.

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Well this update is a touch early, but I likely won’t be near a computer to do this calculation later this month, so I took the values as of this morning and adjusted a few of them to reflect the end of the month.  So I adjusted the mortgage value and then some expected contributions before month end.

Assets

House $312,800
RRSP $19,900
LIRA $9,100
TFSA $6,100
Pension $7,900
Wife’s RRSP $10,000
Wife’s Investment Account $4,800
Wife’s TFSA $5,600
My Investment Account $5,100
High Interest Savings Account $3,500

Debt
Mortgage $132,800
HELOC $0

Therefore my net worth now stands at $252,000 for the end of June 2009. That is an increase of $13,300 or 5.6% from my last update.  Of that my investment net worth was $72,000 which was an increase of $11,000 or 18%.

So first off I didn’t touch my house value from last time.  The market is still fairly slow here and values haven’t moved that much since last time.  We also started paying down the mortgage so you will likely see the mortgage value continue drop a bit faster in the future.

The big news on this update was the jump in my investment net worth which came up 18%.  Some of this was contributions, but it was bulkly an increasing market that has raised this value up.  Obviously this value is very sensitive to markets so who knows if it will keep rising till the end of the year or not.

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