Net Worth Update – June 2021

Welcome to the FindependenceCanada June 2021 Net Worth Update. This is where we track our monthly updates on our quest to a One Million dollar net worth and beyond. We have worked diligently over the last few years to go from having a negative net worth to the position we are in here today, and we hope that we are able to motivate others to join us on our quest to financial independence!

To view last months update click here.

So here we are in mid-June and things are still rolling along quite nicely for us. We’re both still employed, we’ve paid off our property tax for the year, we’ve both got our vaccinations and we should be able to go on a vacation pretty soon – things are looking up!

What else is looking up? Our net worth! Let’s take a look below starting with our assets:

If our assets could just do this every month I’d be perfectly content. Over the past month our cash position, investment accounts and workplace accounts all grew by a few thousand dollars thanks to our deposits and a little steady growth.

All of those little up-ticks actually meant an increase of $18,000 month over month to total assets which is amazing!

Next up are liabilities:

Just the two usual suspects here, as always we keep a $0 balance on our credit cards (which we do use to pay off just about everything) and we’ve made our regularly monthly mortgage payment.

We’ve also just begun paying back Mrs. FIC’s student loan recently so this number will start to drop! As an aside I’m pretty sure the UK’s student loan system tries to get you to pay off your loan early just to avoid having to try and log in to their website and make a payment, every month it seems like a completely new website and is an absolute nightmare to try and navigate.

Now on to the main number:

$453,943 is a whopping $19,000 increase month-over-month which needless to say… we’re pretty happy about.

We’ve now got all of our big payments done for the year and still made tremendous progress towards our first “half-millionaire” net worth update. The only thing that could keep us from reaching that milestone by years end at this rate would be either us going crazy on our holiday budget (which is a very real possibility at this point) or a hefty market pullback.

We do plan on doing at minimum one trip abroad this fall to England and Spain most likely to see Mrs. FIC’s family and have some vacation fun in there too. We’re also planning to do a trip to Eastern Canada most likely this summer to get out and do a little exploring we’ve been putting off, it’s been an interest of ours for quite some time now to get out and see more of Canada both as a form of entertainment and also to find potential landing spots for when we’re done here in the north.

That’s where we’ll leave off for this update, 

As always if you’ve got any questions or comments feel free to leave them below or over on our social medias: 

Instagram @FindependenceCanada 
Twitter @FindependenceC1 

and we’ll be sure to get back to you.

Thanks for stopping by,

FIC.