Gunstar's Money Diary

[Young&Ambitious]

I agree with Sampson^. I know I'm jealous! I don't think I could make that net worth by his age (darn it!).

I would also wonder about why so much is in non-registered accounts.

[Gunstar]

Happy early Canada day everyone!

Thanks to some of the feedback that I've received from some replies of this thread, in addition to doing some of my own research, I've decided to:

- Take a stronger stance on paying off some of my outstanding debt.
- Start to deplete my non-registered accounts and invest these funds into registered accounts.

As I mentioned before, I appreciate all feedback, critical or otherwise.

June is typically a bad month financially, mostly due to property tax being due and having a handful of other personal commitments to tend to. However, thanks to a positive surge in the company stock price, I did exercise a portion of my company stock options and invested them into a TFSA under a DRIP plan.

Total dividends accumulated in 2012 is sitting at $516.01

Assets

Cash
Chequing $2,312.53
Savings (CAD) $1,498.44
Savings (USD) $38.01
Trade Account $313.77
$4,162.75

Registered
TFSA (Mutual Funds) $519.85
TFSA (Direct Investing) $16,300.00
RRSP $29,453.91
DCPP $16,375.75
$64,341.30

Non-Registered
Trading Stocks $0.00
Dividend Stocks $9,916.80
Company Stock Options $5,200.00
$15,116.80

Vehicles $25,500.00
Real Estate $450,000.00

Total Assets $559,120.85

Liabilities

Credit Card $0.00
HELOC $34,500.00
PLOC $30,000.00
Mortgage $319,185.49

Total Liabilities $383,685.49

Net Worth $175,435.36

[Sherlock]

If your hosue is worth 450k I don't think you can just add 450k to your assets, because of the expenses involved with selling it, ie 5% to a realtor, lawyer fees, land transfer tax, etc. Also I don't count my car as part of my assets as I don't see any point in counting something that I need and therefore can't liquidate, not to mention it is steadily falling in value.