assets Archives - The Outlier Model

Net worth update 2010

income tax refund, tax refund, extra money, Net worth update , net worth, financial success, financial health

Brian / February 8th, 2011 / 2 Comments

In terms of overall financial health, your net worth is a great indicator of overall success. To calculate your net worth, add up all of your assets (things that are worth money) and subtract your debts (loans, etc). 2010 was the first complete year that both CF and I kept track of our net worth on a monthly basis. At first, adding up all of my assets and debts seemed like a big task. Now, I enjoy...

Posted in: Money Tagged with: assets, debt, loans, Mortgage, net worth, paying off debt, RRSP, TFSA

The Outlier Model

CF / January 10th, 2011 / No Comments

In Wikipedia1, an outlier is described as: “An outlying observation, or outlier, is one that appears to deviate markedly from other members of the sample in which it occurs.” What does that mean for personal finance? For living simply? For life? For me, it describes much of what I hope to accomplish. It means that by doing things differently than the “average” North American consumer,...

Posted in: Philosophy Tagged with: assets, debt, income, outlier model