Net Worth - December 2009 Update

Millionaire Mind Action Item - I focus on building my net worth!

November was pretty much a flat line month (we bought expensive furniture to fill in the new condo)... The biggest addition to our net worth basically came from adding my wife's work share purchase plan shares to the tabulation. See last month's update here.

December 8, 2009

Passive Income: $350
Total Income: $8,792.60
Total Expenses: $7,905.93
Monthly Cash Flow: $886.67

Total Assets: $145,521.88 (10% First Cash Holding Account, 10% First Accounts Payable Account, RRSP, TFSA Accounts, Gold & Silver, USD Account, Equity Fund, Wife's DCPP, Employee Share Plan (ESP), GIC) +9.91%
Total Liabilities: $21,455.20 (Student LOC, OSAP, Car Loan, Mastercard, VISA) -1.40%
Net Worth: $124,066.68 (+13,422.00 or +12.13% from last month)

Started combined Net Worth: $96,756.60

Year to Date Gain/Loss: +27,310.08 or 28.23%

Final Thoughts: As mentioned at the beginning, we pretty much flat lined this month considering that we added an amount that we didn't have access to verifying on the previous update. That being said ... We spent a fair amount of money in November to outfit our condo, renew our season's tickets, buy winter tires for the month, etc. I did get a lot more pay from leaving my previous company and starting a new job (double pay days for a month) plus my old company had to pay out everything that was owing which helped a great deal cover the bigger expenses in November.

I'm also very happy that I have a new job. Hopefully, I'll be able to bank a lot more money and put it towards more deals. My biggest enjoyment is watching the passive cash flow come in. It definitely helps build the 10% CASH holding account. I'll be rolling that little nest egg into more deals. Here's to passive cash flow!

Declaration: We focus on building my net worth! ... We have a millionaire mind!