I also look at how much my networth changed compared to my income, and how my assets are distributed.
Increase in Networth as a % of Income
Year
|
Increase in NW as a % of Income
|
2008
|
58.0
|
2009
|
41.6
|
2010
|
36.3
|
2011
|
35.9
|
2012
|
49.3
|
2013
|
49.0
|
For most years I have been able to keep my networth increasing by more than 40% of my income, which is well beyond my goal of 25%.
Asset Distribution (%)
Year
|
Cash
|
Non Registered
|
RRSP
|
TFSA
|
Real Estate
|
2008
|
37.3
|
40.9
|
5.4
|
16.4
|
0.00
|
2009
|
26.1
|
51.2
|
13.5
|
9.2
|
0.00
|
2010
|
2.3
|
12.7
|
4.4
|
4.8
|
75.9
|
2011
|
2.7
|
13.9
|
7.2
|
5.9
|
70.4
|
2012
|
5.4
|
15.7
|
9.3
|
6.7
|
62.9
|
2013
|
9.5
|
18.4
|
11.9
|
5.9
|
54.2
|
Goal
|
10.0
|
Balance
|
Maximize
|
Maximize
|
Minimize
|
For my assets, my goal is to keep 10% in cash, which also includes my emergency fund. I want to maximize my RRSP and TFSA. For real estate, I want to pay down my mortgage as fast as possible, but I don't want my house to be the primary contributor to my net worth. I don't consider my main residence as a real part of my networth, as the value isn't realized as long as you live in it. Rental properties or investment properties are a different story, but I don't have those in my portfolio yet.
What are your Goals for your Networth? How often do you track it?
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