Net worth update May 2017: $615100 +2.6%

For those of you who followed my net worth updates on Young and Thrifty, I decided that I will continue the tradition over here.

Deciding to publish these updates was difficult but given that I plan to continue blogging anonymously, and I really find that sharing this with you keeps me accountable and helps motivate me to reach my goals… therefore I decided to go ahead and continue with my net worth updates!

Market Musings:

The market was great this month, especially the TSX.  Year to date, I am up 8% which is a pretty amazing feeling I must say!  Mind you, these are all mainly paper gains (and including the dividend income) but it is nice nonetheless.

Major Purchases:

Last month one of my major purchases was a stainless steel kitchen (a new fridge, a new stove, a new dishwasher, and a new microwave).  My microwave/fan broke and I started panicking thinking my apartment freezer was too small for a family of three (batch cooking for the win!) so decided to go ahead and get new appliances.  I tried to do without the fan for a week or so but there were way too many fire alarms going off!   I had been thinking of doing this since I moved in (there’s something about stainless steel that looks very appealing) but hadn’t actually taken the plunge until recently.  In total it set me back by about $3500 but I am including it in the purchase price of the home since my home is well over the purchase price now.

I also bought some Lanvin ballet flats for $50 at a consignment store, which is amazing since they retail for over $450 USD.

I committed the crime of going to a warehouse sale (I always tend to buy SOMETHING at a warehouse sale) and bought a pair of pants and a sweater dress for $60.  I’ve already worn them a number of times so I think I will get good wear out of it.

That’s about it on the purchase front, pretty pricey–a set of appliances, but next month is my no-spend month so it should be better!

My Goal Progress:

One of my personal finance goals for 2017 was to reach $475,000 by January 2018.

Amazingly, I was able to reach this goal before half of the year was over!  Perhaps my goal was not difficult enough… Maybe I need to change my goal to reach $500,000 by January 2018!  We’ll see if I can sustain this amount since my maternity leave is coming up very shortly.

Okay, so here’s the breakdown for May 2017: $615,100 (+$12,200)


CASH: $67,270

  • I added up my chequing and savings accounts.

Non-Registered: $86,340

  • These are stocks that capture the “moment in time”, including unrealized gains and losses
  • There is also about $10,000 of cash in here, being slowly deployed with dollar cost averaging

RRSP: $73,760

  •  I max out my RRSP annually, and I have a smaller contribution limit because of my defined benefit pension

TFSA: $70,190

  • I max out my TFSA annually, it was great when the limit was $10,000 but the government changed that unfortunately
  • 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

HOME: $413,000

  • 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.
  • This value is updated annually
  • I am planning to rent it out or sell it in two years.  I am leaning more towards selling it.

CAR: $15,625 (0.0%)

  • I updated it for 2016-2017 with the Canadian Black Book price, will update it again in July 2017 with the depreciated price
  • I bought it new but the new price and the used car price were only different by a few hundred dollars
  • Cars depreciate… ’nuff said


Credit Cards: $245

  • I pay off my full amount every month

Mortgage: $110,900

  • I pay an extra mortgage payment a month
  • I have a mortgage when I could technically pay it all off because I want to be able to invest the liquid money instead, given the low mortgage interest rate environment

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

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About genymoney

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

2 comments on “Net worth update May 2017: $615100 +2.6%

    • @RML- Lol, hey who knows maybe you will time the market with the next dip/recession, it will take much less than than 10 years! 🙂

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