Skip to main content

Back to money matters: recalculating net worth

I put the net worth calculations on hold during the house hunt, because I was not clear about how to spread out the numbers with a house in the mix. I'm still not clear.

Now I've taken a stab at it through NetworthIQ, where I've been following my net worth for the past year.

The tricky part is this: we took $20k out of my RRSP through the federal Home Buyers Plan. That went from being 'my' money in my net worth to being part of 'our' house. Also, I can't in good conscience claim the whole equity value of the house for 'my' net worth, since it's 'our' house. Besides, I'm not entirely sure how to come up with that number anyway! And as of this moment, I don't have immediate access to how much is paid down on the mortgage.

So, here's what I've done.

Under 'assets' I put the price the house sold for. $200k. It may sell for more or less today (hopefully more, since we've put thousands into fixing things and improving the place), but that's the most recent reliable figure as far as market value.

Under 'liabilities' I put the mortgage value. $183.6k. The difference does not provide me with a net positive when the $20k removal from my RRSP is concerned, but it does even things out a bit more than just typing in the real numbers that are left in my accounts after the transaction.

In the end, this January's net worth number is barely above last January's. Am I disappointed? Not in the least! Considering the stock market's performance and how much money people have lost (on paper), I'm just glad it hasn't fallen precipitously. Add in the home purchase and everything else I've spent money on in the past year, and any gain is a good gain.

I think it was a brilliant (but obvious) move to keep the money I was expecting to withdraw through the RRSP HBP in something stable -- in this case, a Money Market Fund. If I had kept that money in an equity mutual fund instead, my down payment money would have shrunk, what, 40% or so by the time it came time to buy the house. That would have been disastrous. As it stood, only about $7000-9000 of my RRSP money was in mutual funds, so most of my investment was relatively safe during the free-fall.


Popular posts from this blog

Gordon turns four and has questions

Gordon wanted to know where mommy went.

Not what happened to her body, but where SHE went.

We celebrated his fourth birthday this weekend with three gatherings. One at our house with his little friends. One at nana and grampa's house. One in Stratford with the Simpson clan.

The big party for the kids was a success. I'd never planned such an event. Thank goodness for the Internet, where I found a Martha Stewart article that laid out the basics. And thank goodness for Party City, which had a ton of Transformers party stuff ready to buy. I wasn't feeling well, but managed to pull it off. Thanks to sister Shannon and SIL Amy for being the Designated Adults who helped in wrangling and last-minute logistics. G thought the whole event was kind of loud, but he really enjoyed it. And I feel like a winner for making it happen -- some of the other parents even chimed in that they now know what goes into a kid's party, since they were as clueless as me! Great!

Great time at nana&#…

The sweet smell of success (the opposite of that)

Let me lock in the system at warp 2 Push it into systematic overdrive - U know what 2 do - Ween, "Poop Ship Destroyer"
Pardon the juvenile humour off the top, but this journey has been so unreal that I can't help but fall back on laughing in the absence of appropriate things to say.

Amanda's headed for another big surgery this week.

Quick recap of how we got here: She went into hospital in late January to have her ovarian cancer tumours taken out. That surgery ended up taking a foot-long chunk of her colon, so they spliced what was left to her nature-given outlet. Well, that blew apart and she went for emergency colostomy surgery. THAT didn't work, either, as illustrated by our guiding light with the scalpel hand and the silver tongue, Dr. Sugimoto:

The business end of the remaining colon sloughed its way back into her insides and strictured itself off, creating a cul-de-sac with no escape for poop nor gas. They put her on TPN (full nutrition by IV) but let her …

Things get much worse as tumours spread fast

Things crawl in the darkness
That imagination spins
Needles at your nerve ends
Crawl like spiders on your skin

Pounding in your temples
And a surge of adrenaline
Every muscle tense —
To fence
The enemy within - Rush, "The Enemy Within"
We don't know how or why, if there is a how or a why, but Amanda's cancer has woken up and is on the move, double-time. Things have become much worse in the time since the last update.

At that point, the docs had found a couple of spots on her ribs that were causing her pain. They zapped it with radiation to give her some relief.

Since then, things have progressed quickly.

Just after the hospital stay when they were trying to get Amanda's pain under control, docs found more bone metastases in her sacrum (large, triangular bone at the base of the spine) and iliac crest (the big wing-like bone on the pelvis where they harvest bone marrow). More radiation. This time, the radiation hasn't knocked the pain down.
Then she had headac…