Neighbour Joe - April 2020 Net Worth

Asset
Chequing: $300.00
TFSA Investment: $97,466.04(Market Value)
RESP: $4,192.89 (Market Value)
Real Estate: $224,000 (Purchase Price of my house)
Real Estate Rental Property: $200,000 (Purchase Price of the house)
Define Benefit Work Pension (Transfer Value): ~$278,000(Last checked in December 2019)

*Automobile is not included (No monthly car payment)

Liabilities
Mortgage: $117,698.99
Rental Mortgage: $193,974.95
Line of Credit: $5,942.00
*Credit Card is paid in full every month

Current Net Worth: $486,342.99

Passive Income
TFSA Passive Income: $4,844.08/Year or $403.67/Month 

So in the last month when the stock market was taking a hit, I took leverage up and took money from my line of credit to max out my TFSA contribution for this year. I  brought a lot of quality dividend stock such as Canadian Banks which is why my passive income has increased.

Net Worth Update & Comments on Market

Here is my net worth update for both February and March 2020. My investment took a big hit due to the recent market downturn, but I was able to see all my Amazon shares at near the peak back in February. I have since put all those cash back into the market, picking up some stable blue-chip stock on the way down. 

There is a lot of fear and panic going on right now, my advice for those that are in the market is to stay put and look for opportunities to buy. There is currently a lot of good companies that are trading at a deep discount right now, some of these company have a good track record of safe and reliable dividends. As the saying goes, "Be greedy when others a fearful." 

Neighbour Joe - December 2019 Net Worth

Here is my net worth for December 2019.

Asset
Chequing: $311.96
TFSA Investment: $105,942.34(Market Value)
RESP: $4,051.82 (Market Value)
Real Estate: $224,000 (Purchase Price of my house)
Real Estate Rental Property: $200,000 (Purchase Price of the house)
Define Benefit Work Pension (Transfer Value): ~$153,000 (Last checked in Jul 2017)

*Automobile is not included (No monthly car payment)

Liabilities
Mortgage: $118,942.14
Rental Mortgage: $195,272

*Credit Card is paid in full every month

Last Net Worth Update: $369,917.66 
Current Net Worth: $373,091.98 (+0.86%)

Passive Income
TFSA Passive Income: $3,774.92/Year or $312.08/Month 

Neighbour Joe - September 2019 Net Worth

Here is my net worth for September 2019.

Asset
Chequing: $2,009.60
Savings: $2,010.53
TFSA Investment: $96,040.11(Market Value)
RESP: $2,804.00 (Market Value)
Real Estate: $224,000 (Purchase Price of my house)
Real Estate Rental Property: $200,000 (Purchase Price of the house)
*Define Benefit Work Pension (Transfer Value): ~$153,000 (Last checked in Jul 2017,aprox $1000 a month of contribution)

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

Liabilities
Mortgage: $119,864
Rental Mortgage: $196,235

*Credit Card is paid in full every month

Last Net Worth Update: $359,147.97
Current Net Worth: $363,765.24 (+1.29%)

Passive Income
TFSA Passive Income: $3,365.42/Year or $280.45/Month (TFSA only, RESP and rental property not included)

Neighbour Joe - August 2019 Net Worth

Here is the net worth update for August 2019. The market is very volatile this year, which has caused my net worth to fluctuated quite drastically on month by month basis. Overall, my monthly employment income is still the most significant contributor to my net worth increase. I have also started tracking my rental property in my net worth. I've had the property for a year now but never got around to putting it into my spreadsheet. The rental property is a partnership between my parents and me. They didn't have the income to qualify for a mortgage, so I took on the debt while they put down the equity. Cost and profit are shared accordingly.

Asset
Chequing: $1,498.38
Savings: $1,210.48
TFSA Investment: $93,360.57(Market Value)
RESP: $2,776.01 (Market Value)
*Real Estate: $224,000 (Purchase Price of my house)
NEW*Real Estate Rental Property: $200,000 (Purchase Price of the house)
*Define Benefit Work Pension (Transfer Value): ~$153,000 (Last checked in Jul 2017,aprox $1000 a month of contribution)

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

Liabilities
Mortgage: $120,769.98
NEW Rental Mortgage: $196,533.81

*Credit Card is paid in full every month

Last Net Worth Update: $355,996.77
Current Net Worth: $359,147.97 (+0.89%)

Passive Income
Current Passive Income: $3,267.33/Year or $272.28/Month (TFSA only, RESP and rental property not included)

Neighbour Joe - June 2019 Net Worth

Networth update for June.

Asset
Chequing: $1,777.14
Savings: $2,705.30
TFSA Investment: $90,912.50 (Market Value)
RESP: $1,958.28 (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)

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

Liabilities
Mortgage: $120,769.98

*Credit Card is paid in full every month

Last Net Worth Update: $358,246.53
Current Net Worth: $353,583.24(-1.35%)

Passive Income
Current Passive Income: $3,213.81/Year or $267.82/Month

A drop in net worth this month had to spend around $2400 on tuition for my MBA. Also, my portfolio dropped this month due to a few bad earnings reports and the on-going trade tension between the US and China. 

Neighbour Joe - May 2019 Net Worth

Time for another monthly Net Worth update.

Asset
Chequing: $2,685.62
Savings: $6,515.11
TFSA Investment: $91,285.85 (Market Value)
RESP: $2,039.45 (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)

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

Liabilities
Mortgage: $121,099.50

*Credit Card is paid in full every month

Last Net Worth Update: $347,353
Current Net Worth: $358,426.53(+3.2%)

Passive Income
Current Passive Income: $2,940.24/Year or $245/Month

Quite an increase this month for my net worth. A few factors contributed to this increase, a large tax return from CRA, investment performance, and aggressive savings. Also reached a small milestone this month, this is the first month since I started this journey that my liquid assets, which is all my assets minus real estate and pension, is over $100,000. My next milestone will be when my liquid assets become greater than my liabilities. These milestones are important for motivation and momentum purpose.

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. 

Neighbour Joe - March 2019 Net Worth

Here is my latest and greatest net-worth update as of today 13 March 2019.

Asset
Chequing: $1,146
Savings: $1,005
TFSA Investment: $84,830 (Market Value)
RESP:$1,304 (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: $121,764

*Credit Card is paid in full every month

Last Net Worth Update: $336,139
Current Net Worth: $343,521(+2.2%)

As you can since, in comparison to last month's breakdown, I have shifted focus from paying down my mortgage to max out my TFSA. Also, since I have recently opened a DIY RESP, I'll putting a post together later this month to give some simple advice on RESP. I'll also be providing an update on my passive income as I have recently shuffle up my portfolio to focus more on defensive stock. Here was my last passive income update.

Neighbour Joe - February 2019 Net Worth

Here is my latest and greatest net-worth update.

Asset
Chequing: $1,669
TFSA Investment: $78,528 (Market Value)
RESP:$1050 (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)

Liabilities
Mortgage: $122,113

*Credit Card is paid in full every month

Last Net Worth Update: $330,549
Current Net Worth: $336,139

A year ago, I posted my net worth updates, my net worth at that time was $309,498.04. Therefore in a year, I was able to increase my net worth by $26,641 which translate to about an 8% increases. Not a significant increase but still an increase regardless.

First Net Worth Update of 2019

Happy 2019, January is goal setting months, might be a good time to start getting some good financial goal for the year. I'll share with you all my goal for 2019 in the next few weeks.

Asset
Chequing: $581
TFSA Investment: $75,408
Real Estate: $224,000 (Purchase Price of my house)
Define Benefit Work Pension (Current Transfer Value): ~$153,000 (Last checked in Jul 2017,aprox $1000 a month of contribution)

*Automobile is not included (No monthly car payment)

Liabilities
Mortgage: $122,440

*Credit Card is paid in full every month

Last Net Worth Update: $323,347
Current Net Worth: $330,549

Neighbor Joe - Passive Income November 2018 - $1,704/Year

About a year ago I started to track my passive income as another way to track my progress. I like tracking passive income because it shows me an instant result of my investment. My brokerage account with TD has a very useful feature that shows the projected income for the next 12 months as shown in the screenshot below.

I have done some reshuffling of my stock holdings which help increased my passive income from dividends. It is now at$1,704/Year or $142.05/Month. Not a lot but it is still a tax-free passive income. What will you do with an extra $142 a month?

February 2018 - Update(1577.33/Year):
http://www.slowlybutwealthy.com/2018/02/neighbour-joe-february-2018-157733year.html

December 2017 Update($1463/Year):
http://www.slowlybutwealthy.com/2017/12/neighbor-joe-passive-income-update.html 

Original Post ($1024/Year):
http://www.slowlybutwealthy.com/2017/10/neighbor-joe-passive-income-1024year.html

Neighbour Joe - November 2018 Net Worth

My apology for my disappearance in the last six months, but it has been a busy time with work and I lost focus on this blog. But now I am back and hope to be more active with my post. Here is my net worth as of today.

Asset
Chequing: $335
TFSA Investment: $72,228
Real Estate: $224,000 (Purchase Price of my house)
Define Benefit Work Pension (Current Transfer Value): ~$153,000 (Last checked in Jul 2017,aprox $1000 a month of contribution)

*Automobile is not included (No monthly car payment)

Liabilities
Mortgage: $125,087

*Credit Card is paid in full every month

Last Net Worth Update: $310,745
Current Net Worth: $323,347 (+4%)


My net worth went up since I last posted not because of I any exceptional return from my investment. It was mostly due to aggressive mortgage payment as well as putting money from my monthly pay into my TFSA. The key is to be disciplined with your spending and aim to money aside each month towards building your wealth.

Neighbour Joe - March 2018 Net Worth

The last update for FY 17/18.

Asset
Chequing: 218.43
TFSA Investment: $62,214.83
TFSA Mutual Fund: $3,814.04 (Invested in TD e-series index fund)
Real Estate: $224,000 (Purchase Price of my house)
Define Benefit Work Pension (Current Transfer Value): ~$153,000 (Last checked in Jul 2017,aprox $1000 a month of contribution)

*Automobile is not included (No monthly car payment)

Liabilities
Mortgage: $132,501.36

*Credit Card is paid in full every month

Neighbour Joe - February 2018 - $1,577.33/Year Passive Income

All, here is the latest update of my passive income. I have recently purchased more shares of Enbridge since the price has been dropping making it a attractive buy. The row with the green highlights indiciates that those are in USD. The total amount is show in CAD here. I used a 1.25 exchange rate for my calculation. I've also added a column to show much return I am currently getting from my book value of my investment. For those that don't know, the book value is the amount that was actually invested and will not change with market price. Have a nice winter day.

Neighbour Joe - February 2018 Net Worth

As we enter the month of love, here is my latest net worth update.

Asset
Chequing: 2407.63
TFSA Investment: $61,344.23
TFSA Mutual Fund: $3,872.25 (Invested in TD e-series index fund)
Real Estate: $224,000 (Purchase Price of my house)
Define Benefit Work Pension (Current Transfer Value): ~$153,000 (Last checked in Jul 2017,aprox $1000 a month of contribution)

*Automobile is not included (No monthly car payment)

Liabilities
Mortgage: $135,126.07

*Credit Card is paid in full every month

January Net Worth: $303,480.88
Current Net Worth: $309,498.04 (+1.98%)

I have recently realized that during my monthly net worth update I am giving a false impression that all my gains are soley based on my investment. Just want to clarify that my monthly paycheque greatly contributes to my gains every month. Have a good February!

Neighbour Joe - January 2018 Net Worth

Happy New Year. Although this month is the beginning of a new calendar year it is not the end of the fiscal year therefore I won't be doing a year end summary till April.

As we entered into 2018, the first thing I did was make a lump sum payment into my mortgage with money that I have set aside. Here is my net worth as of today and the current breakdown.

Asset
Chequing: 433.41
TFSA Investment: $57,333.46
TFSA Mutual Fund: $3,840.08 (Invested in TD e-series index fund)
Real Estate: $224,000 (Purchase Price of my house)
Define Benefit Work Pension (Current Transfer Value): ~$153,000 (Last checked in Jul 2017,aprox $1000 a month of contribution)

*Automobile is not included (No monthly car payment)

Liabilities
Mortgage: $135,126.07

*Credit Card is paid in full every month

December Net Worth: $300,758.74 
Current Net Worth $303,480.88 (+0.9%)

Like a few net worth updates in 2017, the reason for my increase this months beside my usual salary income is from my investment portfolio. I re-consolidated all my marijuana investment and put it all into Canopy Growth (TSX: WEED). In the the last two weeks of 2017 the stock price jumped 48% giving me a unrealized gain of $3,540. I sold some of my holdings and realized about $350 gain on the last trading day of 2017. Hope all of you had a good holiday season and may all your financial goal be met in 2018.

Neighbor Joe - Passive Income Update

Back in October, I posted my passive income breakdown as another method to track my wealth building progress.October Passive Income. Here is the updated spreadsheet, so now instead of receiving $1024/year I have increased my passive income to $1463/year.

In the past few months, I invested more into Enbridge since they were trading at a price that yields about a 5% return for dividends. I also did some rebalancing of my portfolio, I sold some of my Shopify Shares and invested into MasterCard. Next year I am going to try and double my passive income. Come back and check often to see how I go about doing it.

Neighbour Joe - December 2017 Net Worth

First off, I like to aplogize for skipping the month of November, I was away on a work trip and was not able to get good internet access for blogging. Regardless here is my update for the month of December. I'll also be updating my dividends tracker this month as well since I have make some change in my investment.

Asset 
Chequing: $772.51
Savings: $19.908.30
TFSA Investment: $52,040.78
TFSA Mutual Fund: $3,807.37(Invested in TD e-series index fund)
Real Estate: $224,000 (Purchase Price of my house)
Define Benefit Work Pension (Current Transfer Value): ~$153,000 (Last checked in Jul 2017,aprox $1000 a month of contribution)

*Automobile is not included (No monthly car payment)

Liabilities 
Mortgage: $147,229.02

LOC: $5,541.11

*Credit Card is paid in full every month

October Net Worth : $298,094.69

Current Net Worth: $300,758.74 (+0.8%)

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Thrifty Salaryman - November Net Worth Update

The market improved a bit in October and so as some of my investment in Index fund. Some of my stocks are not doing as good though. I’ve increase my RSP e-Series index fund investment to about $18.5K to take advantage of its lower management fee. My liability also increased due to a high number of annual expenses.

My current net worth is now $50,227.24, an increase of 13% from my September update.

Cash $4,921.29

Investment $50,568.86:

$22,631.45 - Equity (Corporate Stock) - TD Direct Investing TFSA

$5,521.31 - Canadian Index Fund - RBC TFSA Mutual Fund Account - MER 0.72%

$18,674.88 - Canadian Bond Fund - TD e-Series RSP Mutual Fund Account - MER 0.50%

$2,497.40 - US Equity Index Fund - Employer Pension Plan - MER 0.15%

$1,243.82 - Canada Equity Index Fund - Employer RRSP - MER 0.15%

Liability:

$5,262.91 - Credit Card Balance (Still within grace period)