May 2018 – Net Worth

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 $64,070
LIRA $17,560
TFSA $92,840
Pension $173,030
Wife’s RRSP $92,540
Wife’s TFSA $86,550
Wife’s Taxable $46,070
High Interest Savings Account $42,690

Investment Net Worth $615,990 ($5920 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.

  • Wife’s Monthly Payment to House: $605
  • Child Tax: $310
  • Credit for life insurance over payment $155.
  • Total Income: $1651

My life insurance company dragged their feet refunding me an over payment so this should have happened back in April but it didn’t.


Last Month $2531

That included a few birthdays in the family including a party for my younger son which ran us around $250 or so.


Net Worth ~$1,010,990

This Month Investment Gains & Income/Spending Ratio = (5920+1651)/2531 = 3.0 (Target 1 or higher)

Sept to May Invest Gain & Income/Spending Ratio = (16129+15490)/24029 = 1.32

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 for retirement.


Yes, that is what a good investment return month feels like…I had almost missed that feeling.  So between the tax refund last month and the investment returns this month our ratio is firmly above our target of one.

Any questions?

(click to make bigger)