diff --git a/libluna/include/luna/SharedPtr.h b/libluna/include/luna/SharedPtr.h
index a369e75c..2442e6fe 100644
--- a/libluna/include/luna/SharedPtr.h
+++ b/libluna/include/luna/SharedPtr.h
@@ -23,7 +23,7 @@ struct Shareable
         return m_ref_count == 0;
     }
 
-    Atomic<int> m_ref_count { 1 };
+    Atomic<int> m_ref_count { 0 };
 };
 
 template <typename T> class SharedPtr
@@ -36,6 +36,7 @@ template <typename T> class SharedPtr
 
     SharedPtr(T* ptr) : m_ptr(ptr)
     {
+        if (m_ptr) shareable()->ref();
     }
 
     SharedPtr(const SharedPtr<T>& other) : m_ptr(other.m_ptr)
@@ -50,7 +51,6 @@ template <typename T> class SharedPtr
 
     template <typename Tp> operator SharedPtr<Tp>()
     {
-        if (m_ptr) shareable()->ref();
         return { (Tp*)m_ptr };
     }