Welcome to my monthly net worth update. As I believe accountability is one of the best motivators available, I have decided to publish my figures in an effort to accelerate my financial position.
Here is the breakdown for November 2013:
|Previous Month||Current Month||Change|
|TFSA(s)||$ 19,154.81||$ 19,397.23||1.27%|
|RRSP(s)||$ 10,926.95||$ 11,684.31||6.93%|
|Non-Reg||$ 97,796.75||$ 183,003.88||87.13%|
|Misc Assets||$ 34,000.00||$ 34,000.00||0.00%|
|Insurance||$ 2,506.09||$ 2,704.03||7.90%|
|Cash||$ 38,400.00||$ 39,500.00||2.86%|
|Primary Residence||$ 251,000.00||$ 251,000.00||0.00%|
|Total||$ 453,784.60||$ 541,289.45||19.28%|
|Mortgage||$ 201,161.05||$ 200,713.15||-0.22%|
|Credit Card||$ -||$ -||0.00%|
|LOC||$ -||$ -||0.00%|
|Investment Loan||$ 15,000.00||$ 15,000.00||0.00%|
|Total||$ 216,161.05||$ 215,713.15||-0.21%|
|Total Net Worth||$ 237,623.55||$ 325,576.30||37.01%|
Wow. What a month!
Well actually, the numbers are a little misleading. They are all accurate but some of the valuations only occur a few times a year. For example, the large increase in non-registered investments is due to NPV valuation of a guaranteed monthly payment stream. The discount rate of 11% was used so this valuation should be conservative. Other assets that would will have a new valuation is the MISC assets as well as our primary residence. Included in the MISC are our vehicles. Typically these would be depreciated in January but a recent hail claim on both vehicles resulted in new paint jobs that should actually increase their value as well as some new tires as well. Our home will also be adjusted but I suspect that it will stay similar in value.
Other than this, we are seeing some solid gains in the investment accounts and the debt levels are maintaining or at least decreasing slightly. As I mentioned in a previous post, we are not paying down the debts at a more accelerated rate as we have uses for our idle cash over the next month or two. This includes two new opportunities to accelerate the wealth accumulation so stay tuned