Net Worth
Net Worth Update: 2019 Year-End Review
I remember writing last year’s net worth recap and being disappointed that I didn’t reach my goal after the stock market tanked during the last three months of 2018. What a difference a year makes! My investments were up 20+ percent this year. We also reached all of our 2019 financial goals, including maxing out…
Read MoreNet Worth Update: 2019 Mid-Year Review
I started posting my net worth updates several years ago with the audacious goal of reaching $1M in net worth by the end of 2020. It’s motivating to see this goal becoming a reality with each passing update. Last year ended with a net worth of $691,000, falling short of my goal thanks to the…
Read MoreNet Worth Update: 2018 Year-End Review
I started the year with high aspirations. I wanted our household net worth to reach $750,000 and to get there I needed markets to continue chugging along at 8-10 percent. Well, that didn’t happen. When it comes to market expectations, straight-line goals won’t cut it. Even though it’s reasonable to expect 8 percent growth over…
Read MoreNet Worth Update: 2018 Mid-Year Review
It’s the end of June and that means it’s time to check in on our financial progress for the year and update our net worth statement. At the end of 2017 I shared our household net worth had reached $635,000+ and that our goal is to reach $750,000 by the end of 2018. The bigger…
Read MoreNet Worth Update: 2017 Year-End Review
The end of the year is a great time to review your finances and update your net worth. I’m a personal finance nerd, which means I update our net worth every month or so, and I publish a net worth update here twice a year. At the midway point this year our net worth had…
Read MoreNet Worth Update: 2017 Mid-Year Review
We’re nearly halfway through the year and so it’s time for my bi-annual net worth update and review for 2017. I was happy to surpass the $500,000 net worth milestone last year and, after paying off our car loan in October, looked forward to cranking up our savings rate and refilling our TFSAs this year.…
Read MoreFinancial Planning For Couples: What Are You Worth?
Couples become financially secure by building their net worth. Net worth is calculated by subtracting your liabilities (what you owe) from your assets (what you own). It is a snapshot of where you currently stand. There are lots of net worth calculators online, such as this one from Get Smarter About Money or, you can…
Read MoreNet Worth Update: 2016 Year-End Review
I like to use the week between Christmas and the new year to take stock of my personal finances, reflect on the year that was, and plan out my goals for next year. I’ve already shared my 2017 financial goals, so now it’s time to update my net worth statement. As you know, I’m on a…
Read MoreThe Right Way To Calculate Net Worth
It’s normal to compare your financial situation with others to see how your finances measure up. Indeed, if you’ve ever calculated your net worth, or even tracked your spending, you probably enjoy reading other net worth reports and spending journals. The problem with this type of financial voyeurism is that we’re often comparing apples and…
Read MoreNet Worth Update: 2015 Year-End Review
With 2015 wrapping up I wanted to take the time to update my net worth statement and check in on my financial progress. It’s another year down and another year closer to achieving my goal of becoming a millionaire by 41, and reaching financial freedom by 2025. Even though I’ve been frustrated that the past…
Read More