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Friday, September 30, 2016

Aug 2016 – Net Worth

Posted by Tim Stobbs on September 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 $550,000 (or higher).

Investments

Accounts

RRSP $51,600
LIRA $15,380
TFSA $75,630
Pension $146,040
Wife’s RRSP $81,780
Wife’s TFSA $63,680
Wife’s Taxable $52,400
High Interest Savings Account $1950

Investment Net Worth $488,460 (increase of $12,578 over last month)

Home Equity

Estimate $395,000

Spending

Last Month $2550

That included almost $1000 towards our vacation, so overall a good spending month.

Trailing Last 12 Month Average $2526 (or $30,319 for the last 12 months)

Results

PF Score: 29.1 {Target 31}

Net Worth ~$883,460

Commentary:

Our house assessment was recently updated so I updated the house value in these statements to match.  The investments continued to do well, but were helped out by a higher than normal savings month. I had some extra cash(~$4000) put aside for something that I ended up not needing it for, so I added it to our investments.

Any questions?

Aug 2016 Invest Net Worth

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July 2016 – Net Worth

Posted by Tim Stobbs on August 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 $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

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June 2016 – Net Worth

Posted by Tim Stobbs on July 4, 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 $49,800
LIRA $14,900
TFSA $73,710
Pension $140,240
Wife’s RRSP $78,870
Wife’s TFSA $59,060
Wife’s Taxable $37,980
High Interest Savings Account $1860

Investment Net Worth $456,420 (increase of $1630 over last month)

Home Equity

Estimate $375,000

Spending

Last Month $6267

About $4500 of that was property tax and house insurance.

Trailing Last 12 Month Average $2445 (or $29,350 for the last 12 months)

Results

PF Score: 28.3 {Target 31}

Net Worth ~$831,420

Commentary:

Well given the gloom of the Brexit, I really expected this update to be worse, but the markets have mostly recovered from the shock and we managed a slight increase overall.

Spending was high for the month, but historically that is ALWAYS the case for June as it is the double doom of property taxes and our house insurance are due at the same time. Yet overall the trailing 12 months is staying in our target range of $30,000 or less.

Any questions?

June 2016 investment net worth

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