Casual Net Worth Update – March 2018 ($679,025.73)

Casual Net Worth Update - March 2018To sum up March in one sentence: the only certainty is uncertainty.

The stock market tanked, and so did Bitcoin after Google and Facebook announced measures to ban cryptocurrency-related ads.

The deadline to remit the GST/HST is just around the corner, which will set us back roughly $10,000 in cash.

On top of all this, my husband and I both lost a client this month, drastically reducing our monthly income.

This is the first time in over two years that the unstable nature of self-employment negatively affects us, and we’re truly thankful for a sufficiently large emergency fund that will last us a couple of months.

We’re actively looking for ways to replenish our bank accounts – finding new clients and side hustling. But until things pick up again, we’re going to keep ourselves busy with backyard DIY projects, writing content for Casual Money Talk, and decluttering our home.

Okay, enough depressing news. Let’s jump straight to the numbers!

I have explained our assets and liabilities in greater details in another post, so feel free to check that out first.

Bear in mind that my husband and I combine our finances, so these figures below reflect our household net worth.


Primary Residence: +$0

Cash Savings: +$3,177.54

RRSP: -$126.86

TFSA: -$1,890.22

Cryptocurrency: -$754.23

P2P Lending: +$1,001.53

Life Insurance Cash Value: +$2,006.81

Other Assets: +$0

Total Assets: $1,237,115.48 (+0.28%)


Credit Cards: -$207.36

Mortgage: -$988.79

Car Lease: -$240

Student Loans: -$213.55

Total Liabilities: $558,089.75 (-0.29%)

Net Worth: $679,025.73 (+0.75%)

A few things to note:

  • My enthusiasm for P2P lending must have rubbed off on my husband. Earlier this month, he created his own Lending Loop account and invested $1,000.
  • The total cash surrender value of my life insurance increased after I paid my annual premium in March.

Are we on track to meet our 2018 net worth goal of $750,000?

$71,000 to go. So close, yet so far.

Career-wise, everything has been hunky dory for a couple of years, and we got complacent and forgot that life sometimes throws curveballs when you least expect them.

Whether we will reach our 2018 financial goal largely depends on how soon we will be able to win new clients. For now, we both have solid leads to pursue, so hopefully something pans out within 3 months. If not, we will enter panic mode.

The loss of clients has taught me that, going forward, we should place a greater emphasis on creating reliable sources of income as well as boosting our passive income.

All things considered, we will be lucky if next month’s net worth doesn’t drop. But who knows?

Readers, how was your March? Feel free to share your money stories in the comments section below, or email me if you want to be featured on this blog.

Curious about how we got here? Feel free to binge read our net worth updates.

Category: Net Worth Updates


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Article by: Miranda Flys

Miranda is a personal finance blogger, pizza connoisseur, and lover of Lego products. You can catch her rambling about money on Facebook and Twitter.