Net Worth Update

As of November 1st, my net worth was $46 579 (down 2.5% from $47 780). The decrease was due to the replacement of the car shelter.

If I exclude house-related assets and liabilities (that includes the car shelter financing), my net worth is $37 367 (up 2.9% from $36 316).

Assets ($124 747, up 5.4% from $118 321)

• Bank Accounts $3 747 (down 12% from $4 246)
• Emergency Funds $3 747 (up 37% from $2 729)
• RRSP Accounts $31 999 (up 3.3% from $30 974)
• Non-Registered Investments $4 542 (up 7.8% from $4 214)
• Home $75 600 (stable)
• Arbitrage $5 000 (new)

Liabilities ($78 168, up 10.8% from $70 542)

• Credit Cards $6 171 (up 93% from $3 195)
• Student Loan $2 911 (down 7.8% from $3 156)
• Mortgage $56 785 (down 0.2% from $56 890)
• Heat Pump Loan $7 198 (down 0.7% from $7 247)
• Arbitrage $5000 (new)

This month, instead of moving $500 directly to my RRSP account, I parked it in my emergency fund. Since I would not have a big enough amount to make a purchase, this way it will generate some interests. I'll do the same in the future, until the amount is big enough to matter. Then I will transfer it to my RRSP account, where it will be available when an opportunity presents itself. Since I have until February 2008 to max out my 2007 RRSP contributions, putting my money straight into my RRSP account where it does not generate much interests would not be as efficient.

Obviously, the replacement of the car shelter had a big impact on my net worth, since I am financing it on my credit card (12 monthly payments without interest). However, since this is a house-related expense, Princess will be transferring me her share of it every month, which increases my cash flow.