We will become financially independent in 2024, and to do that, we track our spending and net worth by sharing our progress with you. Let’s see what happened in November 2023.

What is Net Worth, and why is it important?

Here’s an excerpt from Wikipedia:

For individuals, net worth or wealth refers to an individual’s net economic position, the value of the individual’s assets minus liabilities. Examples of assets that an individual would factor into their net worth include retirement accounts, other investments, home(s), and vehicles. Liabilities include both secured debt (such as a home mortgage) and unsecured debt (such as consumer debt or personal loans). Typically intangible assets such as educational degrees are not factored into net worth, even though such assets positively contribute to one’s overall financial position

Net Worth Calculation Breakdown – November 2023

Assets: $1,886,247

  • Real estate (Canada + Brazil): $1,110,000
  • Pension plan: $34,054
  • Investments (all accounts but the SM): $561,104
  • Smith Manoeuvre (SM): $181,089

Liabilities: $752,514

  • Principal residence (Canada): $752,514

Net Worth: $1,133,733

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Net Worth Calculation video from November 2023

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Financial Independence Summary

  • When comparing MoM:
    • Assets: Increased +6.1%
    • Liabilities: Decreased 0.1%
    • Net worth: Increased by +10.7%
  • Our goal is to reach 1,300,000 million dollars in 2023. With November’s numbers, we are at 87% of this goal. This goal won’t be achieved in 2023; however, we keep investing as we go, hopefully sometime in 2024.

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One Comment

  1. One of your videos popped up in my YouTube feed. Loved the way you have transparently sharing your progress. Congratulations and my best wishes for a happy FIRE journey.

    One question- Will you be getting $34K pension every year till you die? If yes, the value of this recurring income will be huge and will bump up your net worth by several hundred K’s.