tripleoptician's Net Worth for October 2022


Assets Value Change ($) Change (%)
Cash $2,000 $2,000 -
Stocks $2,126,000 $19,000 0.90%
Bonds $680,000 - -
Annuities $940,000 ($16,000) (1.67%)
Other Real Estate $60,000 - -
Retirement $634,000 ($2,000) (0.31%)
Home $2,000,000 $400,000 25.00%
Cars $0 - -
Personal Property $0 - -
Other Assets $920,000 - -
$7,362,000 $403,000 5.79%
 
Debts Value Change ($) Change (%)
Home Mortgage(s) $20,000 ($470,000) (95.92%)
Other Debts $1,162,000 ($333,000) (22.27%)
Other Mortgage(s) $1,324,000 $736,000 125.17%
Student Loans $0 - -
Car Loans $0 - -
Credit Cards $0 - -
Total Debts $2,506,000 ($67,000) (2.60%)
Net Worth $4,856,000 $470,000 10.72%
*All values shown in CAD ($)
Notes:
Large changeover and new accounting changes

Primary home value increased to $2 million to represent reappraisal and increased HELOC limit
Other debts now represents corporate debt load which has increased here to facilitate mortgage pay down

Other mortgages represents personal investment debt that is tax deductible

Full conversion of mortgage into tax deductible personal debt is complete after 5 years

New goal is reducing corporate debt first which is only a 20% tax deduction

$20K mortgage only being kept to maximize HELOC loan value limits for flexibility

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