Jan 2018 – Net Worth

Yes, I’m behind on these posts…so here is January’s update and February is right behind it.

Welcome to my net worth posts where I try to prove to myself and you that I wasn’t crazy for leaving work in the fall of 2017 to start my early retirement.   A few important notes:  we are mortgage free and our goal is have our income/investment gains exceed our spending on a 12 month rolling average (please note this metric is still under development).



RRSP $64,080
LIRA $17,720
TFSA $95,900
Pension $172,310
Wife’s RRSP $91,630
Wife’s TFSA $90,090
Wife’s Taxable $48,360
High Interest Savings Account $39,220

Investment Net Worth $619,310 ($1,820 increase over last month from investments)

Home Equity

Estimate $395,000


To keep things simple I’m only going to track what income comes into our main ‘house’ chequing account.  I won’t be tracking my wife’s or my businesses income as those don’t really matter until the money moves over to the ‘house’ account. Also I won’t track investment gains since that is covered above.

  • Insurance rebate: $80
  • Interest Income: $30
  • Wife’s Monthly Payment to House: $550
  • Child Tax: $310
  • Total Income: $970


Last Month $2157

A fairly low key month for spending.  Also keep in mind we had a roof shingles replaced in 2017 which accounts for a lot of annual spending below.

Trailing Last 12 Month Average $3734 (or $44,811 for the last 12 months)


Net Worth ~$1,014,310

Jan Investment Gains & Income/Spending Ratio = (1820+970)/2157 = 1.3 (Target 1 or higher)

Sept to Jan Invest Gain & Income/Spending Ratio = (23407+6980)/15957 = 1.9

Just a note on the multiple month ratio I stripped out all income related to my old job from the early months to provide a more realistic picture.


So you might have noticed the drop off in the balance of the savings account well that is because we used up our TFSA contribution room for 2018.  Also there were some other transfers going on.

The monthly metric was back on track in January and I finally ran a multiple month calculation for you all which is doing very well.

Any questions?

(click to make bigger)