Net Worth Update – September 2021

Welcome to the FindependenceCanada September 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.

This month we didn’t get much help from any external sources (ie. the market) and we have wrapped up a flurry of spending on vacations for ourselves and some family members. I think it’s safe to say we won’t have another 2 month stretch full of as much discretionary spending as we’ve just had. That being said, after months and months of lockdowns and turmoil we’ve now been able to get out for two fantastic vacations within our Canadian borders and we loved every single minute of it!

Now we’ll start where we always do, with the assets:

Our assets have “only” climbed $5,000 which is basically just our incomes – the vacation expenses. The stock market did next to nothing for us unfortunately during this time frame but that’s okay, things could have gone much worse obviously.

A side note that we’ll have to cover in our next portfolio update is that we did move out of some positions in our mortgage funds now that we saw some pretty significant upticks in those holdings and moved the proceeds over towards our lower income, higher growth holdings that have dipped a little recently.

Our liabilities have dropped one mortgage payment’s worth so you’ll see a roughly $1,500 drop on what we owe.

I’m also just noticing that our liquid assets are now basically right in line with our liabilities which is a significant step towards our financial independence. Whenever it is that we next buy a house we’ll have to decide how much down payment makes sense.

Now let’s have a look at our total net worth!

Crushing! Milestones really aren’t anything special in reality but they do give a nice boost emotionally and seeing ourselves come OH SO CLOSE to that half-million dollar mark is bittersweet. I would have loved to have hit the milestone but on the bright side it means we’re likely to hit it next month instead.

At the start of the year $500,000 seemed like an optimistic goal and now it seems as though we should beat that number by a decent margin.

We may have only seen a $6,000 gain M-o-M but again when paired with the amount of vacation spending we did for ourselves plus a few family members it’s still a very strong result.

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.