As of January 1st, my net worth was $50 868 (up 9.7% from $46 360). This more than made up for the decrease of the last two months, but was more a matter of timing than anything else. One of the reasons is that the first pay of the year was made two days in advance because of the Holidays, which resulted in the deposit being made on December 31st. Even without that, however, my net worth would have increased by about $2 500.
If I exclude house-related assets and liabilities, my net worth is $39 486 (up 6% from $37 231).
Assets ($127 227, up 2.3% from $124 334)- Bank Accounts $5 312 (up 47% from $3 622)
- Emergency Funds $2 761 (up 8% from $2 556)
- RRSP Accounts $32 706 (up 4.5% from $31 306)
- Non-Registered Investments $5 172 (down 7.2% from $5 632)
- Home $75 600 (stable)
- Arbitrage $5 000 (stable)
Liabilities ($76 358, down 2.1% from $77 975)- Credit Cards $5 138 (down 19% from $6 362)
- Student Loan $2 416 (down 9.4% from $2 665)
- Mortgage $56 574 (down 0.2% from $56 680)
- Heat Pump Loan $7 102 (down 0.7% from $7 151)
- Arbitrage $4 792 (down 2.1% from $4 895)
Looking back a year, the number are impressive. My net worth went from $30 775 to $50 868, wich is an increase of $20 000! Although that is to be tempered by the timing issue (which is coumpounded by the fact that last year we contracted the loan for the heat pump), this is still very nice to see. I don't expect next year's increase to be quiate as large, but I believe it will be somewhere between $10 000 to $15 000.
Happy New Year!
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