Jan 112015

When the Toronto stock exchange dropped  8% in the first 2 weeks of December I thought 2014 was going to end on a down month. But fortunately confidence came back to the market and investors pushed stocks back up. In the end it was a pretty flat month with minor gains in some sectors. 🙂 Had the TSX stayed down at 8% below November’s close, my net worth would be down $13K right now instead of actually being up by $3,300 for the month. Phew. 😎

*Side Income:

  • Part-Time Work = $700
  • Dividends = $500
*Discretionary Spending:
  • Fun = $200
  • Debt Interest = $1500

*Net Worth: (MoM)14-11-fiscal-update-net-worth

  • Assets: = $837,400 total (+1,700)
  • Cash = $2,800 (+800)
  • Stocks CDN =$87,900 (+500)
  • Stocks US = $53,300 (-500)
  • RRSP = $51,400 (+900)
  • MICs = $15,000 (same)
  • Home = $254,000 (same)
  • Farms = $373,000 (same)
  • Debts: = $517,800 total (-1,600)
  • Mortgage = $195,700 (-300)
  • Farm Loans = $203,500 (-400)
  • Margin Loan CDN = $26,900 (-300)
  • Margin Loan US = $25,100 (+700)
  • TD Line of Credit = $30,000  (-400)
  • CIBC Line of Credit = $10,400 (-400)
  • HELOC = $18,200 (same)
  • RRSP Loans = $8,000 (-500)

*Total Net Worth = $319,600 (+1.0%)
All numbers above are in $CDN. Conversion rate used: 1.00 USD = 1.18 CAD

Overall it’s been a terrific year. I’m almost worth $320K now. Yay! Here’s a comparison to last year.

Dec 2014Dec 2013
Net Worth$319,600$208,900


So that’s a six figure annual increase. Not too shabby. It’s actually the best year for me so far. 😀 Most of this wealth surge in 2014 was due to the continuing increase of asset prices. About 5 years ago I went on a mission to build up my financial assets. By the beginning of 2014 I had accumulated about $750K of gross assets. Most of that amount is financed by long term bank loans.

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Dec 232014

In January of this year I wrote down 3 goals for myself to accomplish this year. Here’s a recap of those 2014 financial goals.


1) Increase net worth by $55,000
From the end of December 2013 to now my net worth has increased by more than $110,000. I never expected to exceed my target by twice as much, so that’s a pleasant surprise. Here’s a rough breakdown of the $110,000 gain.

  • About $50K is from property appreciation. Hurray for Vancouver real estate and Saskatchewan farmland! 🙂
  • Another $15K is simply due to debt reduction. Every time I make a mortgage payment, for example, my total debt amount shrinks and my wealth increases! Hurray for easy forced savings.
  • Another $30K comes from stock portfolio appreciation, dividends, interest, and rent. The U.S. stock markets are up double-digits year to date. Hurray for loose monetary policy! My $50K+ margin loan at 4.25% interest rate is kind of a drag though. Oh well, gotta spend money to make money right? 😉
  • And the remaining amount of my net worth increase this year comes from good old fashioned savings.

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Dec 112014

Grumpy Cat is a Wealthy Cat

The internet is the best thing to have happened to cats since the ancient Egyptians. The most popular cat in the world right meow is none other than Tardar Sauce. Her first picture was uploaded to the social news site Reddit in 2012. Denizens of the web quickly fell in love with her distinctive expression. She was given the label Grumpy Cat and variations of her pictures, often with sarcastic captions, spread all across the web and turned her into a popular internet meme.

Two years since her internet debut, Tardar Sauce has now made over $114,000,000, according to the CBC. That is more money than most “A” list Hollywood actors including Brad Pitt, and top athletes including Christiano Ronaldo. There is even a Grumpy Cat Christmas themed movie, Grumpy Cat’s Worst Christmas Ever, in which she’s voiced by Aubrey Plaza, who is best known for playing April from NBC’s comedy, Parks and Recreation.


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Dec 082014

The Divorce Capital of the World

To most girls, the word “wedding” will have a nice ring to it. 😀 But marriage can be difficult and it doesn’t always last a lifetime. Divorce can often go off without a hitch for some. But for others, it can get quite messy, especially if there’s a lot of money involved. London, England appears to be the top destination for married couples looking to go their separate ways. It is known as the “divorce capital” of the world due to its court system’s “generosity to estranged wives.”


Sir Chris Hohn is a hedge fund manager in London. Recently his wife, Jamie, decided to leave him and she wanted to take half of their household assets with her because she believed their wealth was created due to their “partnership.” It was a bitter dispute, but in the end she was awarded £337 million ($525,000,000 USD). This enormous amount, granted by High Court judge Jennifer Roberts, was the largest ever seen in London’s courts. This settlement dwarfs the previous £220 million record, paid in 2011 by a rich Russian oligarch to his ex-wife, and further cements London’s reputation as the best place to get a divorce for non-working spouses. 🙂

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Nov 242014

How do you handle change? Some people put it in parking meters. But everybody copes with it differently. Change can appear in many ways but it is always inevitable. You have memories and life experiences today that you didn’t have 20 years ago. Your appearance has probably changed quite a bit too. Even the matter of which you are made up of is different. Millions of new cells in your body are created everyday, and old ones die off. Scientists say about every 5 to 7 years just about every atom and molecule in your body is replaced. 20 years is enough time for your body to go through several of these cycles. It appears that the only constant in life – is change.


Similarly the person that you will become 20 years into the future will be psychologically different, remember very few of your current experiences, and have a body that only resembles your present one in appearance, but contain none of the same physical matter. So in a way, you have more in common with your next door neighbor today, in terms of memories, experiences, and history, than with your future self 20 years from now.

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