Net Worth Update – March 2022

Welcome to the Findependence Canada March 2022 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 month’s update click here.

Well, the market chaos has for the most part passed us by at this point. We’re now a couple months into what’s been largely a down trending market and though I would like to take credit for the lack of impact to our portfolio, I cannot. We’ve been very fortunate that Canadian stocks in general and especially our oil related holdings have held up very well thus far.

One of the perks to having a slower moving portfolio is your odds to sleep well at night are much higher – I think my personality in general is fairly resilient to stock market moves but having a low beta, dividend oriented portfolio makes it a lot easier to “set and forget” than if we were tech or spec heavy (although our upside is in turn much smaller).

Let’s get on to the numbers, starting with assets:

So in the assets we’re up about $11,000 month over month, largely due to our cash position piling up. We invested a little bit in this time, lost a little bit of value in our investment accounts and received a few paychecks and a bonus in the meantime ultimately leading to this uptick.

Now, onto the liabilities:

For our liabilities it’s the same old story.. we’ve gained over $1,000 in equity from our mortgage payment for the month as well as another month of paying down Mrs. FIC’s 1% student loan from the UK.

Pretty much every time we sit down to make a payment on the student loan “should we just pay it off?” comes out of one of our mouths but the urgency still hasn’t hit us enough to actually do it. We still enjoy keeping a decent cash cushion in our accounts and enjoy investing the leftover – so for now it stays!