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This is a very special and sentimental ‘net worth update’ for me because it’s going to be my last update, on Young and Thrifty.

It is also a special update because we are expecting a baby in the summer!

It was a pleasure creating this website way back in 2009 and wonderful to have the opportunity to continue writing for Kyle and Justin as they took over the website.  Time flies!  Given that personal finance blogging/ writing has been such a large part of me and I really do enjoy trying to be accountable with myself while blogging, it’s something I might continue in the future.

So, it’s not goodbye, but see you later! Hopefully in some different form…perhaps in between diaper changes!

Best of luck to you all in your own personal finance journey and it has been an honour to read your comments and share with you in your personal finance journey too!

My personal finance goal for 2017 is to reach $475,000 by January 2018, and I have about $10,600 left to go for the rest of the year.

Okay, so here’s the breakdown for March 2017: $464,400 (+$9720)

In This Article:


CASH: $65,750 (+4.0%)

  • Once I deplete the cash in my non-registered account (yes, there is more cash in there) I will start moving this cash into investing accounts.  It is nice to keep it here for an emergency fund anyway.
  • I added up my chequing and savings accounts (High Interest Savings Account). I automatically deduct money from my chequing account and have it siphoned to the HISA account (paying yourself first)

Non-Registered: $84,600 (+1.3%)

  • These are stocks that capture the “moment in time”, including unrealized gains or losses in my BMO Investorline and Questrade accounts.

RRSP: $70,300 (+4.9%)

TFSA: $69,700 (+1.6%)

HOME: $272,000

  • This is the approximate purchase value
  • Am planning to rent it out in two years or sell it.  I think am leaning more towards selling it.

CAR: $15,625 (0.0%)

  • I updated it for 2016-2017 with the Canadian Black Book price, will update it again in July 2017 with the depreciated price


Credit Cards: -$550

  • I just have my MBNA Rewards World Elite® Mastercard® right now as I cancelled the other cards… I’ll be looking for more cards again with the goal of travel hacking my way to trips.
  • I use Mint.com account but I only added my credit card (this is helping a bunch so that I can keep track of my spending)
  • I’ve redeemed $300 for 2017 so far with my MBNA Rewards World Elite® Mastercard® and it went towards my upcoming trip
  • I pay off my full amount every month (and folks, it’s VERY important you do so otherwise you’re losing out on a 19% return!) but include it in my net worth update so I have an accurate picture of my actual net worth. I sort of think “If I were to sell everything right now, what would my net worth be?” I guess I shouldn’t put it in the liabilities column since i pay it off regularly, BUT in mint.com it’s under the liability column so I’ll do the same.

Mortgage: $113,000 (-1.0%)

  • I pay an extra mortgage payment a month
  • I usually put $20,000 annually on top of the extra mortgage payment per month but haven’t decided what I’m going to do this year, I will probably not put in $20,000 so I have more liquidity
  • My intent is to rent it out in a little while (see above). In order to offset future rental income, I chose to acquire a mortgage instead of paying for the majority of the condo, and would rather not put all my eggs in one basket (e.g. real estate).

Article comments

chelsea says:

going to miss reading your posts. wishing you a healthy pregnancy and a happy healthy baby – congrats!

Sharon says:

I just started receiving your updates and have really been enjoying them! Congrats on the baby news! I hope your baby will allow you to continue blogging at some point.

James says:

Congratulations on the upcoming baby!

Come back with an update sometime. 🙂

Stephane Gauthier says:

Love your articles.
But could you please start adding a posted date at the top? It’s very hard to tell when something still applies without having a good idea of how old it is.

Thanks and keep up the excellent work

Leigh says:

Congrats Young on expecting your first baby! I’ll miss your updates!! I hope you continue to do net worth updates for yourself even though you won’t be posting them for us anymore 🙂