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).
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)
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.
(click to make bigger)