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Saturday, December 3, 2016

Nov 2016 – Net Worth

Posted by Tim Stobbs on December 1, 2016

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 $582,000.

Investments

Accounts

RRSP $52,280
LIRA $15,570
TFSA $72,000
Pension $147,830
Wife’s RRSP $82,540
Wife’s TFSA $66,480
Wife’s Taxable $60,800
High Interest Savings Account $9590

Investment Net Worth $507,090 (increase of $5480 over last month)

Home Equity

Estimate $395,000

Spending

Last Month $4250

Well this month included the start of our Christmas shopping (~$1000) and our water softener finally died.  Given I suspect it was the original one to the house, it was more than time for it to be replaced.  That set us back $1,150 for a new one to be installed.  By the way, the water in Regina is REALLY hard so this is not an optional purchase.

Trailing Last 12 Month Average $2587 (or $31,049 for the last 12 months)

Results

PF Score: 29.1 {Target 31}

Net Worth ~$902,090

Commentary:

Well as I mentioned previously this month I finally hit financial independence, which was a nice milestone to hit.  So now comes the really boring part of the plan: save cash.  If you were wondering I always knew I would need to save a fairly big cash buffer and I left it until last because I didn’t want the drag on the portfolio when I was trying to get it to grow.  Now that the portfolio is growing with very little effort on my part the saving the cash should really just take some time.

Any questions?

Nov 2016 invest net worth

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Oct 2016 – Net Worth

Posted by Tim Stobbs on November 8, 2016

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 $51,720
LIRA $15,390
TFSA $74,200
Pension $148,000
Wife’s RRSP $81,890
Wife’s TFSA $65,350
Wife’s Taxable $58,070
High Interest Savings Account $6990

Investment Net Worth $501,610 (increase of $4850 over last month)

Home Equity

Estimate $395,000

Spending

Last Month $1528

Would have been lower but we bought groceries at the start and end of this month.  Oh well, Nov spending will just be lower.

Trailing Last 12 Month Average $2597 (or $31,170 for the last 12 months)

Results

PF Score: 28.7 {Target 31}

Net Worth ~$896,610

Commentary:

Yah! We broke the half a million investments barrier this month!  That is a nice goal to reach and of course it means we are looking at saving our last $50,000 or so.  Which if the stock markets are kind we should be in a position for me to retire early some time next fall or winter but I will have to wait to see how it all falls out.

Any questions?

Net Investment Oct 2016

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Sept 2016 – Net Worth

Posted by Tim Stobbs on October 3, 2016

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 $52,040
LIRA $15,440
TFSA $74,900
Pension $148,390
Wife’s RRSP $82,540
Wife’s TFSA $63,810
Wife’s Taxable $57,200
High Interest Savings Account $2450

Investment Net Worth $496,760 (increase of $8300 over last month)

Home Equity

Estimate $395,000

Spending

Last Month $1659

Not too much this month other than those new towels.

Trailing Last 12 Month Average $2657 (or $31,889 for the last 12 months)

Results

PF Score: 28.0 {Target 31}

Net Worth ~$891,760

Commentary:

So close to crossing that half a million investment mark, oh well, we should likely cross that next month.  But oddly enough I didn’t think we would hit that this year (my prediction was Feb 2017).  The pace of investment increases is well past what I was planning as you have to recall at the end of January we were only just past $400,000.  So we are on track to gain $100,000 in about nine months, which sort of blows my mind.

Any questions?

Sept 2016 - Investment Net Worth

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