Once again, I've let far too much time pass. Not a lot's been happening, we've chipped a way at the mortgage a little extra, but much of our money's been going towards travel. We went to Jamaica in April for my best friend's wedding, we traveled home in the summer for my sister's wedding, and we had already planned a 2 week trip to Hawaii for this November. So we've been dipping into the car fund and even a little into the emergency fund to keep from having to liquidate any sheltered funds or (even worse) borrow money.
Our investments did quite well for the first part of the year, then gave back much of the gains in the past couple of months. Still, we're considerably ahead, and slowly making our way towards 7 figures, even if it's not as quickly as I would have liked.
The other complication is we're going to need a new roof next year ($8,000), and it's very likely that one of my cars is going to die and my wife is quite insistent on a rather expensive replacement (small SUV, probably $20 - $25k, but still will be a challenge to pay cash on top of the Hawaii trip this year, and, oh yeah, a $12,000 European River cruise next year with her family).
I just turned 40 this summer.
$6,900 Cash savings
$244,280 RRSPs (Canadian 401(k)'s)
$8,200 TFSAs (Canadian Roth IRAs)
$16,600 Wife's DCPP
$10,200 Emergency fund
$1,600 Car replacement fund
$3,400 Travel fund
$500,000 Home value
$77,000 Land banking investment
$674,180 NET WORTH
One mitigating factor is that now that I'm in a full-time position with the government, I'm entitled to a pretty generous defined-benefit pension plan that is relieving a lot of the stress of retirement saving/planning.
See you in 6 months for another update!
(kidding, hopefully it won't be that long).