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Retirement Portfolio Net Worth - As of Apr4-2024

  The goal: 1. Retirement Equity Portfolio of $1,000,000 2. Passive income from Rental Portfolio of $70,000 3. Annual Passive Income of $100,000 (rental income + dividends combined) We are currently mortgage free but won’t be including the value of our principal residence or cottage as we have no plans to sell either. We have also omitted the value of our workplace defined benefit pension plans and children’s RESP. COMMENTARY: We did a bit of work on the rentals over the last couple of months but other than that no major changes. The market are rebounding and our retirement portfolio grew by $41,672 (including a $9,300 contribution). ASSETS. Feb/Mar Contributions: $9,300  Retirement Equity Portfolio: $808,884,212 (UP $41,672)  Rental Property #1: $150,000 (estimated selling price) Rental Property #2: $350,000 (estimated selling price) Rental Property #3: $350,000 (estimated selling price) Rental Property #4: $275,000 (estimated selling price) Total Retirement Assets: $1,925,884 (UP $41
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Retirement Portfolio Net Worth - As of Feb01-2024

  The goal: 1. Retirement Equity Portfolio of $1,000,000 2. Passive income from Rental Portfolio of $70,000 3. Annual Passive Income of $100,000 (rental income + dividends combined) We are currently mortgage free but won’t be including the value of our principal residence or cottage as we have no plans to sell either. We have also omitted the value of our workplace defined benefit pension plans and children’s RESP. COMMENTARY: I've decided that my goal of $60,000 in passive income was too low to support all our retirement plans. I'm moving the goal post up a whopping $40,000 to $100,000 of passive income a year. I'm also changing my second goal to be cash flow based as opposed to value based. The new goal is $70,000 of passive income from our rental portfolio. This makes more sense to be as we'll be living off the cashflow and and not the property value. ASSETS. Jan Contributions: $0  Retirement Equity Portfolio: $759,212 (UP $8,398)  Rental Property #1: $150,000 (estim
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Retirement Portfolio Networth - Update and 2023 Year In Review

  The goal: 1. Retirement Equity Portfolio of $1,000,000 2. Rental Portfolio Value of $1,200,000 3. Annual Passive Income of $60,000 (rental income + dividends combined) We are currently mortgage free but won’t be including the value of our principal residence or cottage as we have no plans to sell either. We have also omitted the value of our workplace defined benefit pension plans and children’s RESP. COMMENTARY: Although markets struggled for most of the year they rallied and finished strong. Overall it was an OK but not great year for our portfolio. We increased our net worth by  $213,607 while only contributing $52,510 from our savings ($14,860 in debt reduction and $37,650 worth of contributions to our investment accounts). Our dividend income also increased 15% to  $25,348 (avg $2,112 month). This is equivalent to having a full time job (40hrs a week) at $12.19/hr. ASSETS. Dec Contributions: $3,800 (total 2023 contributions $37,650) Retirement Equity Portfolio: $759,212 (UP $23,
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Retirement Portfolio Net Worth - As of Dec01-2023

  The goal: 1. Retirement Equity Portfolio of $1,000,000 2. Rental Portfolio Value of $1,200,000 3. Annual Passive Income of $60,000 (rental income + dividends combined) We are currently mortgage free but won’t be including the value of our principal residence or cottage as we have no plans to sell either. We have also omitted the value of our workplace defined benefit pension plans and children’s RESP. COMMENTARY: What a difference a couple months made.  Our retirement portfolio increased by a whooping $ 63,917. The large jump was caused by a combination of stock market appreciation, aggressive debt reduction and an $8K contribution to our equity portfolio. ASSETS. Oct + Nov Contributions: $8,850 Retirement Equity Portfolio: $735,870 (UP $45,166) Rental Property #1: $150,000 (estimated selling price) Rental Property #2: $350,000 (estimated selling price) Rental Property #3: $350,000 (estimated selling price) Rental Property #4: $275,000 (estimated selling price) Total Retirement Asset
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Retirement Portfolio Net Worth - As of Oc3-2023

  The goal: 1. Retirement Equity Portfolio of $1,000,000 2. Rental Portfolio Value of $1,200,000 3. Annual Passive Income of $60,000 (rental income + dividends combined) We are currently mortgage free but won’t be including the value of our principal residence or cottage as we have no plans to sell either. We have also omitted the value of our workplace defined benefit pension plans and children’s RESP. COMMENTARY: I've decided to change my posting frequency to every other month. As I'm basically the only reader every other month will cut the work in half but still allow me to accurately document my journey to FI. The markets have been heading south over the last couple of months and our portfolio has reflected that. Despite a $3,300 contribution we are $12,982 poorer than last posting. ASSETS. Aug + Sept Contributions: $3,300 Retirement Equity Portfolio: $690,704 (DOWN $12,982) Rental Property #1: $150,000 (estimated selling price) Rental Property #2: $350,000 (estimated selli
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Retirement Portfolio Net Worth - As of Aug01 - 2023

  The goal: 1. Retirement Equity Portfolio of $1,000,000 2. Rental Portfolio Value of $1,200,000 3. Annual Passive Income of $60,000 (rental income + dividends combined) We are currently mortgage free but won’t be including the value of our principal residence or cottage as we have no plans to sell either. We have also omitted the value of our workplace defined benefit pension plans and children’s RESP. COMMENTARY: Everything was quiet on the rental front but we planning on spending a few more thousand on one of the units in the coming months. ASSETS. July Contributions: $2,000 Retirement Equity Portfolio: $703,686 (UP $24,535 stock market appreciation + $2K contribution) Rental Property #1: $150,000 (estimated selling price) Rental Property #2: $350,000 (estimated selling price) Rental Property #3: $350,000 (estimated selling price) Rental Property #4: $275,000 (estimated selling price) Total Retirement Assets: $1,853,211 (UP $24,535) LIABILITIES : Rental Property Loan #1: $42,065 (do
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Retirement Portfolio Net Worth - As of June 30 2023

  The goal: 1. Retirement Equity Portfolio of $1,000,000 2. Rental Portfolio Value of $1,200,000 3. Annual Passive Income of $60,000 (rental income + dividends combined) We are currently mortgage free but won’t be including the value of our principal residence or cottage as we have no plans to sell either. We have also omitted the value of our workplace defined benefit pension plans and children’s RESP. COMMENTARY: This month we paid approx. $2,000 to have some work done on the rentals but than that everything was quiet. ASSETS. June Contributions: $0 Retirement Equity Portfolio: $703,686 (DOWN $2,139 stock market depreciation) Rental Property #1: $150,000 (estimated selling price) Rental Property #2: $350,000 (estimated selling price) Rental Property #3: $350,000 (estimated selling price) Rental Property #4: $275,000 (estimated selling price) Total Retirement Assets: $1,828,868 (DOWN $2,139) LIABILITIES : Rental Property Loan #1: $42,247 (down $412) Rental Property Loan #2: $112,374 (
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