Net Worth Update: September 2023

Welcome to my net worth update for September 2023! These numbers represent my wife and I’s net worth as of September 30th. Please check out our previous net worth update if you haven’t already!

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Investment Contributions

Last month my wife and I both made our regular contributions to our registered investment accounts. In total, we managed to contribute $4,200 across all of our accounts. The bulk of those contributions were to my RRSP and my wife’s TFSA.

Contribution room per account per month. Starts from initial room. For RRSP starts from March 2023.

Thanks to her consistent contributions, she managed to max out her TFSA for 2023. My RRSP is also on the way to being maxed out by end of the upcoming RRSP season. This will help us earn a large tax refund come spring of 2024.

Our goal for 2023 to maximize my RRSP is well underway!

Investments & Dividends

Last month we earned $758 in dividends, which is consistent with the increases I’ve been seeing over the past year. It’s about 60% more than we earned in the same month last year.

October should be another good month for us when it comes to dividends. Can’t wait to see if we break the $1,000 mark.

Net Worth Change

In September, our net worth actually decreased to $827,900 from $841,200 in the previous month. That’s an decrease of $13,300!

This is all from the market performing quite badly in September. The overall market seems more pessimistic than it did earlier in the summer, and that’s reflected in our ETF portfolio declining.

Hopefully October will be a greener month!

Thanks for Reading

I recently updated a few articles that you may be interested in. This includes my post on how investment loans are costing me $500 each month and my Q1 New Year’s resolutions update. Consider giving those a read if you think they’ll help you on your financial journey!

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