19. Your net worth is a snapshot of your current financial position. It is also a benchmark from which you can measure
progress towards your financial goals. Your net worth consists of the difference between the assets that you own
(such as your home and investments) and your liabilities (such as mortgages, loans and other debt). Based on the
information you have provided, you currently have a net worth of $1,075,000.
Your current cash flow position compares your income with your expenses. Based on the information you have
provided, you are expected to have a cash flow surplus of $26,255 at the end of 2010.
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Assets
Liabilities
Net Worth
Incomes
Outflows
Surplus
Net Worth
Registered Assets*
$520,000
Non-Registered Assets
$170,000
Lifestyle Assets
$600,000
Total Assets
$1,290,000
Liabilities
($215,000)
Net Worth
$1,075,000
* TFSAs are included in Registered Assets
Cash Flow
Income
$214,797
Lifestyle Expenses
$104,756
Savings
$21,181
Estimated Taxes
$62,605
Annual Surplus
$26,255
Monthly Surplus
$2,188
