GYM Net Worth Update December 2017: $655,800 (+1.1%)

 

Net Worth Update

The year is almost over!  Can’t believe it.  This update is brought to you by 100% kona coffee in Hawaii lol (I’m wired!).  If you want to see what else I spent in terms of eating out in Hawaii so far, have a look at this post.

My YTD return for my investment portfolio is just above 12% which is astounding for me.  The snowball is starting to roll and get bigger.  The S&P/TSX Composite index is up 4.9% YTD and the S&P500 YTD is 18.00%.

One of my 2017 personal finance goals is to have $6000 dividend income annually.  My forward annual yield is $6000 and I will show you the break down next week in my dividend income update.  If you’re interested in signing up for a free download of the dividend income spreadsheet tracker that I use (thanks to my husband’s Excel handy-work, since I embarrassingly don’t know how to use Excel), sign up here (and you will also not miss another genymoney.ca blog post lol)!

Some notes for each net worth update.  I don’t include baby GYM’s RESP net worth in my numbers.  I do share his RESP number just to keep track of how he does month to month.

Major Purchases:

I partook (is that a word?) in Black Friday, I thought “when in Rome” since I rarely am in the United States during Black Friday.  I think the last time was 2009 when I was in New York for my cousin’s wedding.  I ended up buying a light grey Marc Jacobs messenger purse at Nordstrom Rack ($100) and a pair of Cole Haan ankle boots ($50).  The last time I bought a purse was about 4 years ago, it was a Roots leather purse.    I’m planning to get rid of the Roots purse and sell it on Craigslist or Letgo I have to coincide with the “one thing in one thing out” idealistic rule that I have.

I also got a haircut for $35 in Hawaii.  My hair was so long and it was falling out (TMI sorry, seriously post partum hair loss is not nice at all) so I got my hair cut and it feels much lighter now though it’s still seems to be falling out.  My friend who stayed with us for a few days in Hawaii said the bathroom looked like QUOTE: “a scene from The Ring”, (you can imagine how much I am shedding) even though I vacuumed every two days, I was still shedding!

My Goal Progress:

I have over $344,000 left to go to reach my goal of net worth of $1,000,000 by age 40.  I don’t include my defined benefit pension contributions in this value but I do have it as a back up to use in case I can’t make my target, lol.  Not entirely unachievable, I hope!

I joined the Rockstar Finance Directory, check out my progress, converted to US dollars, there!

Baby GYM’s Networth: $17,135 (+0.2%)

We set up an RESP for Baby GYM but it’s mainly in cash right now.  He went up a whopping $35 compared to last month.  Not too shabby considering all he does is eat, sleep, and poop all day right now!

Okay, so here’s the breakdown for December 2017: $655,800 (+$7020) (+1.1%)

 

ASSETS:

CASH: $84,700 (-4.8%)

  • This is down because I transferred some money into my non-registered account.
  • I added up my chequing and savings accounts.
  • One of my savings accounts is a Tangerine account, if you want $50, feel free to use my Orange Key 33530953S1 from now until January 31 2018 you can get $50 for opening up a Tangerine account (minimum fund is $100) and I will get $50 too (thanks!)!  Usually the promotion is just $25.

Non-Registered: $96,280 (+9.9%)

  • This is up mainly because I transferred money from cash
  • These are stocks that capture the “moment in time”, including unrealized gains and losses

RRSP and TFSA: $150,840 (+0.7%)

  • I have a TD e-series RRSP and a Questrade RRSP.  If you’re interested in learning how to build your own ETF portfolio or invest through TD e-series index funds, take the Young Money Bootcamp eCourse 🙂
  • I max out my RRSP annually, and I have a smaller contribution limit because of my defined benefit pension
  • I max out my TFSA annually, and it is over $70,000 right now, it will be very exciting the day that my TFSA account reaches over $100,000.
  • I signed up for a TFSA in 2009 with Questrade (a self-directed account) and have been using this since then
  • If you are interested in signing up for a Questrade account (referral alert!) (no fee for registered accounts, free to purchase ETFs, you can get $50 in free trades if you sign up below)

Get $50 in free trades.

HOME: $413,000 (0.0%)

  • This is the municipality assessed value.  In previous updates, I just listed the purchase price but thought I might as well start fresh and use the assessed value.
  • I plan to update this value on an annual basis
  • I am planning to rent it out or sell it in two years.  The rental rates have been going up in Vancouver (as well as condo prices).  Apparently a 1 Bedroom can be rented for $2000 a month now (average price in Vancouver), crazy!  I’ll have a post on this soon.

CAR: $13,900 (0.0%)

  • I updated it for 2016-2017 with the Canadian Black Book price and will update it again July 2018 (annually)
  • I bought the car new in cash because the new car price and the used car price were only different by a few hundred dollars
  • Cars depreciate once you drive it off the lot!

LIABILITIES:

Credit Cards: $140

  • I pay off my full amount every month
  • So far I have redeemed $440 for 2017 with the MBNA World Points World MasterCard
  • I usually have a few credit cards on the go but so far for 2017 I have only been using this one (for myself), and for our joint credit card I use the PC Financial MasterCard

Mortgage: $102,900 (-1.1%)

  • I pay an extra mortgage payment a month- I am going to stop this starting from now as I need cash and liquidity.
  • I was planning to stop the extra mortgage payment but somehow it got deducted anyway so next month I will stop the extra mortgage payment.

Readers, how did you do with your update this month?  

Did you buy anything during Black Friday?

 

About genymoney

GYM is a 30 something millennial interested in achieving financial freedom through disciplined saving, investing, and living a minimalist lifestyle.

24 comments on “GYM Net Worth Update December 2017: $655,800 (+1.1%)

    • @Tom- I’m super impressed with the PF community and FI community and especially the DGI community (when your dividends surpass your expenses you know you’ve made it!!). Yeah, I’m pretty private too but posting the NW helps keep me accountable to myself and competitive with myself (so I try not to have a negative month and be more cognizant about my spending). I’ve been posting it for a while so it’s hard to stop haha.

  1. You are doing so good this year(12% nice) lets hope 2018 is as good! Baby GYM is wealthier than most people, he will appreciate it when he is older. Thanks for the updates.

    • @Steve- I hope 2018 is good too, but if there’s a correction that’s okay too because then we can all load up! His RESP will be slowing down (only $2500 contribution annually now) we just front loaded it.

  2. I ended up shopping for Black Friday online. Got a couple of FitBits for Mother with Cents and her mom and a pair of shoes for the both of us. So that’s about close to $300….yikes!! This will be on my December expense report.

    Your portfolio has good for you this year at a 12% increase, hopefully that will continue into 2018.

    I know what you mean about your hair falling out due to post partum. After Baby with Cents was born, Mother with Cents would tell about how much hair was falling out. I didn’t think anything about it until I vacuumed our place and sure enough their was so much hair stuck on the bottom of the vacuum. Very different from when she was pregnant, there was barely any hair after I would finish vacuuming.
    Kris recently posted…Expense Chronicles November 2017 – Car Registration and the Steam TrainMy Profile

    • @Kris- I think you can totally give yourself a break because you spend SO LITTLE 99.9% of the time. If I had the same willpower like you guys that would be awesome. I like to eat out maybe once a week, even if it’s take out.

      Haha, it’s totally disgusting. My husband also didn’t believe me either when I told him my hair was falling out until he kept seeing hair everywhere.

  3. 12% YTD investment return is great. I wish that my returns are that high. Unfortunately, the majority of my investments are in the Canadian market, so my portfolio is major lagging behind the S and P 500 index return.

    What I am really happy about is my net worth increase, it’s in the double digits and I put more emphasis on this numbers than my market returns. Hopefully the market will stay at this level so it will be a decent year. I am so looking forward to the new year.
    Leo T. Ly recently posted…The Best Holiday Gifts To Give YourselfMy Profile

    • @Leo- Mine is mainly in the Canadian market too. Though the asset allocation is much better than the past, I used to be like 50% CDN. Now around 29% last time I checked. Your net worth increase in the double digits is so impressive since you have so much more in assets (the ticker doesn’t move as much when you have a higher NW!).

    • @Damn Millennial- Lol, he IS THE BOSS. He dictates when we wake up, what we do, when we eat etc. Yeah, lower prices would be good- I wish I loaded up more in 2008-2009.

  4. I really like the item you listed about Baby GYM’s Net Worth, so cool. So the baby can buy a nice car, and donate the stroller!

    It looks 2017 has been a good year to you. Yeah, the stock market is doing very well, and we all benefit from it. Hope 2018 won’t be too bad. Enjoy the sunshine there!

    • @Helen- Haha, or buy a really ballin’ stroller! Except with the RESP you have to use it towards post secondary education. Thank you! It’s a bit cloudy today but it’s still nice and warm compared to Vancouver.

    • @caroline- the numbers reported are my own but a small portion of the cash is joint. Since the amount in joint is higher than my contribution I’m including it (but note it differently in my personal records). I had an Affogato the other day it was delicious!

  5. I didn’t know you were formerly Young and Thrifty!

    Post partum hair loss is the pits! In the end, I think I was lucky that my hair never got nicer during pregnancy so I didn’t lose anything after delivery but my friends had trouble with bald spots and it was not fun.

    The end of November was a big relief for me since I could finally see the total damages of buying, selling, renovating, and moving.

    We normally do very little on Black Friday but this year was different. We knocked out a lot of Christmas gifts over that weekend and loaded up on some household essentials that I’d been holding out for at the lowest historical price. I do feel a bit bad partaking of the day, though, because it feels like we’ve managed to destroy the one nice previously non-commercial long weekend we had in the States.
    Revanche @ A Gai Shan Life recently posted…2017 Money Move: Maxing out annual contributionsMy Profile

    • @xyz- Thanks! Congrats again on your baby! I have a post in a few weeks about how I think maternity leave is like a mini-retirement, enjoy your parental leave!

  6. Wow GYM!

    You’ve done amazing! Doesn’t it excite you each time you update your net worth? I personally get excited, but kinda scared at the same time.

    And 12% YTD is incredible! I’m wondering how many more bull runs there will be for the US markets. At the same time, that doesn’t matter if we’re doing DCA.

    In terms of the mortgage, I’ll be doing the opposite of you. While you stop paying extra payments, we’re going to try to reduce our debt because we have so much of it haha… I have to admit my fiance and I are a bit overly leveraged and we’re going to tone down a bit. But you have no worries since your balance sheet looks so clean with very little debt!

    Overall, fantastic job with your progress! Keep it up 🙂
    fin$avvypanda @ finsavvypanda.com recently posted…10 Ways to Develop a Rich Mindset for 2018! — #10 is Mind-Blowing!My Profile

    • @finsavvypanda- Yes, it excites and scares me a little! Like I get a bit anxious I’ll be down. Or not as up as I thought I would be haha. I didn’t used to have such little debt 🙂 I used to have over $600K debt with my ex-boyfriend on a house. Then sold it (and broke up) and then bought my current little condo. It feels much better now knowing that I can pay it off if I wanted to. I felt a little uneasy with the $600K debt despite having a mortgage helper in the basement.

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