My Networth: June 2009
I just got my cheque today. 
Let’s see what’s been changed during the month June.
Overall
Assets: +21%
Liabilities: -1%
Equity: +55%
In terms of assets, I’ve contributed my maximum RRSP limit for year 2009 which is $21,000. As such, I put the remaining money in high interest savings accounts. I don’t have any plan yet to invest in mutual funds and/or stocks, because I need to save some “liquid” cash for the down payment of my first home. I figure the first home will probably cost me around $300k-$400k range.
I still need to set aside $5000 for TFSA for year 2010—six more months to work on that. And of course, $5000 for my parents which I give every month and have deducted in the cash portion.
Financial Statement
Financial goal: first million networth in 7 years
Time lapse: 2 years 2 month
Time remaining: 4 years 10 months
| Assets | $134,500 |
| RRSP (mainly GICs) | $19,600 |
| RRSP for First HBP | $21,000 |
| TFSA | $5,000 |
| High Interest Savings | $68,200 |
| Cash | $1,600 |
| Car minus 30% depreciation rate for year 2008 & 2009 | $19,100 |
| Liabilities | ($67,600) |
| Income Tax & CPP Tax(estimated for tax year 2009) | ($43,200) |
| Car Loan | ($24,400) |
| Equity | |
| Networth | $66,900 |
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