SmartBoy's Net Worth for April 2016


Assets Value Change ($) Change (%)
Cash $9,457 ($575) (5.73%)
Stocks $1,016,579 $29,411 2.98%
Bonds $27,964 $7,492 36.60%
Annuities $39,996 $2,000 5.26%
Retirement $244,860 $1,912 0.79%
Home $600,000 ($342,500) (36.34%)
Other Real Estate $0 - -
Cars $20,000 - -
Personal Property $2,500 - -
Other Assets $38,752 $1,753 4.74%
$2,000,108 ($300,507) (13.06%)
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $0 ($357,119) -
Other Mortgage(s) $0 - -
Student Loans $0 - -
Credit Cards $0 - -
Car Loans $0 - -
Other Debts $0 - -
Total Debts $0 ($357,119) -
Net Worth $2,000,108 $56,612 2.91%
*All values shown in CAD ($)
Notes:
As of April 24, 2016. "Cash" = personal cash. "Stocks" = all non-registered equity investments, combined personal and corporate holdings (Canadian/US/International Index Funds & ETFs). "Bonds" = corporate cash (only actual cash, does not include any money in brokerage accounts). "Annuities" = Whole life policy, invested in corporate name. "Retirement" = all registered investments. "Other Assets" = TFSA account.

Significant news this month one day after my 38th birthday - we finally managed to sell the condominium for $339,500 (after fees and commissions, the proceeds were roughly $326,500), which means that I did not lose money on the sale of the condominium which I purchased for $322,000 back in September of 2011. Receiving the proceeds on April 15 subsequently allowed me to pay off the entire remaining mortgage amount, so we are officially debt-free once again, which is a great feeling!

Investments have bounced back, which is nice as well, and now that we don't have to sink money into maintaining two properties as well as the mortgage, hopefully we can start to bring up the investment portfolio once again. I need to start by contributing to the RRSP and TFSA in maximal amounts moving forward, and then looking at what we can do as a family unit.

I'm happy that I actually managed to achieve the annual goal of $2,000,000 in net worth and the next goal is to continue to work on achieving a significant amount of passive income so that we can essentially be self-sufficient on passive income moving forward. And with our little one on the way come mid-July, I'm proud of being able to set a firm financial bedrock for our family moving forward. It is what the years of diligence have led to, and it's actually a pretty decent feeling.

With taking three months of paternity leave this summer with the arrival of our child, income will take a bit of a hit, but with no debt and cash flow issues gone, that will be less of an issue moving forward for us. I'll work over the next couple of months to get the RRSP and TFSA completely topped up.

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