Jan 2019 – 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 by 102% on a 12 month rolling average (the extra 2% is a buffer for inflation).



RRSP $57,200
LIRA $17,290
TFSA $93,530
Pension $173,730
Wife’s RRSP $91,740
Wife’s TFSA $83,080
Wife’s Taxable $40,650
High Interest Savings Account $37,440

Investment Net Worth $594,650 ($20,480 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: $750
  • Child Tax: $340
  • Interest $28
  • Tim Insurance Rebate: $81
  • Total Income: $1199


Last Month $2008

My wife got a speeding ticket for $184. ;(  But otherwise this was a quiet month.


Net Worth ~$989,650

This Month Investment Gains & Income/Spending Ratio = (20480+1199)/2008 = 10.7 (Target 1.02 or higher)

Feb 2018 to Jan 2019 Invest Gain & Income/Spending Ratio = (-28618+18310)/35286 =-0.29 (Target 1.02 or higher)


Well that was a nice rebound of a month for investments.  It nearly made up for the lose for Dec 2018, but not enough to turn my ratio back to positive but at least the numbers are a bit better.  Out of curiosity, I added up our total losses/gains since I left work and the overall total is only down just over $5000.  Which is fairly good for me not having a job since November 2017.

I’m just a bit tired of these big swings up and down in the stock markets.  I wouldn’t mind a few steady months of minor gains but I get the feeling as long as Trump is in office that won’t happen.  He opens his mouth and the markets flinch.  Sigh, oh well.

The good news is I’m coming up toward our traditionally quiet spending months of Feb and March so hopefully we can make some gains in our net worth regardless of external factors.

Any questions?

(click to make bigger)

10 thoughts on “Jan 2019 – Net Worth”

  1. Thanks always for your blog Tim, you’re just such a real dude giving it to us strait all the tim. Wow, retired since fall of 2017! Time flies!!!

    I’m pulling the trigger April 30th. Second attempt, wish me luck :).

  2. Since I retired, 2004; our investments have gone up; considerably. This despite two expensive cruises a year and drawing money annually. So, I’m happy. The nice thing is we get a raise every 5 years. Wife getting CPP now, OAS, in 2.5 years. Then, 5 years later, I get all my pension increases (that I haven’t received since 2004); and CPP. So basically, every 5 years we get another stream of income. Then 5 years after that OAS. So happy I retired when I did at 38. Financial literacy is the greatest gift.

  3. Hi Tim, just curious how much more child taxes is your family expecting to get this year? Congrats on getting back on track with investments. =) And I totally agree with you about Trump! It’s also election year for us so let’s see what happens.

  4. @Misuchiru – Based on the government calculator I’ve estimated our Child Benefit will go up from $340/month to closer to $1000/month (but that value has some other benefits baked into it like GST credit) so I’ll have to see exactly what the final number is after we file our taxes.

  5. $600K?

    I came cross your page and can’t believe you’ve packed it up with ~$600K in investment savings… I’ve got a couple of kids which adds to my costs, but even with $1.5M in investments and 800K in property with no mortgage, I couldn’t walk away. Using the 4% rule, I’d only have 60k per annum here in today’s dollars, and this won’t cut it with taxes, insurance, etc… I’d be under complete and total stress with 600k in the bank. Your budgeting must be amazing.

  6. @Fred You have to go back and read a lot of posts to see where he’s coming from , particularly concerning spending . Tim has it pretty well figured out , and he has young kids too.

  7. Just adding to dilharv’s reply to Fred, I think it also depends on which city you live in. If you live in a relatively expensive city like Vancouver or Toronto then it might not be enough (not even bringing up places like New York or SF). Just click through a few of Tim’s monthly net worth posts and you will see that his family expenses are well under control, and with $600+ more CCB he’ll be getting very soon monthly I think Tim can focus on finishing his second book and other hobbies. =)

    I found this interview with Tim which should answer part of your question. =)

  8. @Fred – As noted above I have two boys myself and I do live on a low amount (~$35k/year) but we don’t have a mortgage or car payment. Also keep in mind my wife still runs her daycare in the house which provides some income and also we really pay almost no income tax (our income is below the basic tax deduction and the rest of the money comes from our TFSAs). And finally I am willing to do some work and writing which does provide some extra income which I put towards vacations. So yes, $600K is entirely possible given certain conditions. Enjoy the blog.

  9. Thank you for sharing your post-FI expense report! I am just starting my FI journey so I have a long way to go to catch up to you, but it is great to see the plan actually working. 🙂 I also hope for some market stabilization soon…2020 is our year!!

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