Wednesday, April 3, 2019

Neighbour Joe - April 2019 Net Worth

Time for another monthly Net Worth update.

Asset
Chequing: $800
Savings: $1,505
TFSA Investment: $87,734 (Market Value)
RESP: $1,749 (Market Value)
**Real Estate: $224,000 (Purchase Price of my house)
**Define Benefit Work Pension (Transfer Value): ~$153,000 (Last checked in Jul 2017,aprox $1000 a month of contribution)

*Automobile is not included (No monthly car payment)
**These have not been updated since the start of this blog.

Liabilities
Mortgage: $121,435

*Credit Card is paid in full every month

Last Net Worth Update: $342,217
Current Net Worth: $347,353(+1.1%)

Passive Income
Current Passive Income: $2,308/Year or $192/Month

So starting this month, my wife and I have decided to try to save 50% of our take-home income, which translates to around $2,300 a month in savings. Hopefully, by doing this we'll be able to achieve financial independence quicker and retire early. 

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