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.

Comments

Popular posts from this blog

A request, as we reach two years

Wow, long time no write.

I didn't enjoy this past winter. I was certainly in a long slump. Things were very challenging at work. Gordon was awesome, as always, but I was just in a sustained funk from last summer on. And I'm not sure I'm all the way out of it yet. I'm still largely in quiet hermit mode, but have been making progress at resuming social contact. Little dude and I have a very busy summer that will go by in a flash.

This Thursday will mark two years since Amanda died. I still replay the events of that night in my head almost every day. I'd like to not. Sometimes it feels like forever ago, but sometimes I'm right there all over again.

Hey, can I ask for your help with something?

Two years ago, so many wonderful people told me that if there was anything they could do to help .... Well, I don't ask often. And I should've asked more. And I should ask more even now. I'm still not comfortable asking. But I'm asking for this.

I put out a vi…

Amanda's cancer has returned, just months after treatment

It's been two and a half months since the last update on this blog, and I was hoping to write one soon with lots of good news.

I was going to write about our recent trip to Jamaica, where we got to go snorkeling, bake in the sun and meet nice people from around Canada and the USA.
I was going to write about how Gordon is now 11 months old and exceeding all our hopes. He's a little dynamo who's not that little -- out of 100 babies his age, no normal one would be bigger. He's spectacular and we love him to bits.


I was going to write about putting the finishing touches on the Twin City Wrestling TV show that I've been working on for the past several months. It's just about ready to be sent in to the broadcaster, and it looks great.
I was going to write about the Canadian Cancer Society using our story in a very moving fundraising letter for their winter campaign in Nova Scotia.
I was going to write about Amanda's trip to Toronto to learn about how Prince Marga…

Meh. Extended Meh.

I haven't posted here in quite a while. There are a few things I haven't done in quite a while. For a while, I've been kind of meh.

In late August, Gordon and I went for the long-awaited trip to Nova Scotia. It was an epic journey, three years in the making. We visited places he'd only heard about. We spent time with friends he hadn't seen in more than a year. We took Amanda's ashes back to the ocean as she requested.


We were there for a week and were on the move almost every day. We put 1000 km on the rental car in between flying there and flying back.

It was excellent, but it was also exhausting. And I found myself different in the weeks after.

Before, I was going out. I was being social. I was busy and optimistic.

After, I seemed to drop contact with almost everyone. I thought I was just tired, then I thought I'd shifted into some different gear of creativity or contemplation. But the months have worn on and I'm still not quite back to where I was. I…