Wednesday 18 March 2015

$2,893,298 My Net Worth Update March 2015

My Net Worth Update March 2015

    March 18 / 2015  : Updated every mid month


Home 2015 assessed value                                  total                 $1,253,000

-Equity Investments
Tax free saving account TFSA -                 $40,502
Retirement saving plan RSP -                  $147,600
Canadian margin account -                      $158,950
US margin account ( Ex Rate 1.257)-      $206,181
margin available $163,433
                                                                   Equity   total:                 $553,233

-Commercial Rental Property
Warehouse 2300 sqft Income Property 2015 assessed value
                                                                               total:                 $319,000
 -Residential Rental Property
Rental Home 3200 sqft Income property 2015 assesed value
                                                                               total:                 $667,000
-Start Up Company
Brewery start up share value
                                                                               total:                   $85,000

Checking account                                        $6,141
Business account                                        $9,924
                                                                               total:                  $16,065


                         January 2015 Grand Total Net Worth:      $2,893,298

                                                Gain/loss from last month -$3,307

Feb.   2015  : $2,896,605 Details Link +$725,060
Jan.    2015  : $2,171,545 Details Link  +$44,214

Dec.   2014  : $2,127,331 Details Link  -$33,547
Nov.   2014  : $2,160,878 Details Link  + $49,867
Oct.     2014 : $2,111,011 Details Link  - $28,473
Sept.    2014 : $2,139,484 Details Link + $13,390
Aug.    2014: $2,126,094 Details Link + $14,613
July    2014  : $2,111,481 Details Link  + $5,584
June    2014 : $2,105,897 Details Link   + $3,165
May    2014 : $2,102,732 Details Link

In Summary-

Not much happening this month. Slight loss of $3,307 as markets are bouncing around a bit affecting my stock portfolio . My cash on hand and debt are going in the right direction which I don't mind. The Canadian dollar continues to get weaker and Oil stocks which I am heavy in is still bouncing around all time lows. But what the heck is with the prices at the pump. I am paying prices that are equivalent to $100 oil barrel prices right now, least you can do is drop the price at the pump or my stock price you greedy bastards! Oh well it will catch up soon enough!

I am getting set to purchase a new lot for building my new home so I am playing it safe in the markets right now. I am focusing on paying down debt to get ready for all this. Financing has been a little bit tricky and I am just trying to play the close date on the purchase so I don't have to carry debt until I need to. Right now I got the new lot surveyed already and working on house plans with an architect. So I have officially committed to this next move into building a new house and selling my old one. With all said and done I will be in a much better financial position this time next year.

For this build to happen I need some things to fall into place. I need to sell my home and secure financing. Worst case scenario is that  I will sell my equities until my home sells and then repurchase them. Not my ideal choice or the most tax efficient but crunching the numbers it is better than getting a private loan at 6% interest.

In other news my brewery investment is coming to fruition and should be open for business next month! Hip Hip Hooray!

In family news my nephew that has come live with us is doing alright. He still does not talk to me much. It has been a challenge for him to open up. He is enrolled in air cadets and enjoying it. I make sure he is on top of his schooling with homework. Hopefully in time he will communicate more as its a tough situation.

Stay tuned for more posts!

Here is a pic of me working on the main floor layout. Thinking of losing the mudroom and making the powder room/ pantry and kitchen bigger!


  1. Hey AG. Awesome to see a post. It's great to hear things are going well. Keep hustling hard which I knnow you are. Oil stocks are good deals right now but just so little cash. I wanna average down my cost basis but so many choices. Take care bud.

    1. Yah I wouldnt mind buying some more oil but gotta keep things tight right now! You keep grinding over there T!

  2. AG,

    It's great to see your money machine cranking along. Hopefully you will blow past $3,000,000 in the next couple of months. I am still working on the first million. It is damn hard to get the first $1,000,000 like the saying goes.


    1. The way you doin it it feels like you are already there. Its more mindset then anything and u got it man.

  3. Very impressive figure AG! Many individuals can and would probably have already retired with that kind of net worth so I give you lots credit for staying full steam ahead. If Canada is anything like Orange County, CA...I completely understand why. We are blessed to have a done pretty well, and although probably could have retired in some parts of the US, we are no where near being ready here in the OC. :)

    By the way, is your main residence and both your rentals owned free and clear?

    Wishing you continued success on your personal finance journey and upcoming home build. AFFJ

    1. ya buddy properties owned free and clear. I will be taking a mortgage on my house to finance the new build tho. Will pay it off once my home sells and I am in the new place!

  4. Wow! I don't know if I should be depressed or encourage by your assets. I'd say the latter! ;-) Props to you.

    A former air cadet too!

    1. Hey as long as you are moving in the right direction, its all good. Very impressed by air cadets so far!

  5. Your net worth is looking great all things considered! Congrats on opening the brewery at last, I'm wishing you lots of upcoming success. That house design is also awesome, seems like a perfect place. Excellent update, thanks for sharing!

  6. Just curious about the new home. Any particular reason.. do you not like your current home layout our location, or is it just that you want to upgrade and think this is the best/easiest way to do it? Also just wondering why you said you will be in a much better financial position this time next year - or is that because you have already paid for the lot and will have sold the old house by then, so the real estate value will have turned into more liquid assets? Glad to hear your nephew is doing ok.

    1. I plan on selling my house and building a new one. Once all done I should be walking away with a good chunk of change. I plan on making a post discussing the particulars.

  7. That layout looks pretty awesome, I like the idea of not having a formal living room & formal dining room.

    1. The trend is a more open concept these days to just a grand room. Thanks for droppin by buddy

  8. AG,

    Great to hear you're doing so well and that your nephew is doing alright to. I'm sure he's happy that you provide a warm home to him.

    Looking forward to read more on the new home! You have mad drawing skills, btw. Wish I could draw my own home layout like that.


    1. Not my drawing, architects sketch! New nephew issues have arisen. Lets just say hormones are raging and puberty has hit full on with strange foreign feeling that have led to embarrassing situations for him. Ruh Roh!

  9. You list assets, but not liabilities. Do you have any mortgages? You have three properties, all with a solid amount of assessed value. Are they free and clear?

    1. All my properties are free and clear. I will however be taking 500k out of my primary to finance a new build soon.