My Networth: August 2009
Am I excited to calculate my networth again, since last month’s financial statement?
No!
I don’t think it will get better. 
As you can see, my income tax and CPP tax combined are already $52,000 as of today (not even counting the income for Sept to Dec). Is this normal??? 
[Compare to the national average.]
Overall
Assets: +8.5% (down from +11%)
Liabilities: +8.7% (up from +2%)
Equity: +8.4% (down from +19%)
Goals Accomplished To Date
1. My max RRSP contribution for year 2009 is reached.
2. Set aside $5000 for year 2010 TFSA.
Financial Statement
Financial goal: first million networth in 7 years
Time lapse: 2 years 4 month
Time remaining: 4 years 8 months
| Assets | $161,400 |
| RRSP (mainly GICs) | $19,600 |
| RRSP for First HBP | $21,000 |
| TFSA Year 2009 | $5,000 |
| TFSA Year 2010 | $5,000 |
| High Interest Savings | $89,400 |
| Cash | $2,300 |
| Car Worth (minus 30% depreciation rate for year 2008 & 2009) | $19,100 |
| Liabilities | ($74,800) |
| Income Tax & CPP Tax (estimated for tax year 2009) | ($52,000) |
| Car Loan | ($22,800) |
| Equity | |
| Networth | $86,600 |
| Others (not included above) | |
| Money to parents each month | $5,000 |
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