Posts

Retirement Portfolio Net Worth - As of July29 - 2022

  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. ASSETS July Contributions: $0 Retirement Portfolio: $673,713 (up $26,867 stock market appreciation) Rental Property #1: $130,000 (estimated selling price) Rental Property #2: $350,000 (estimated selling price) Rental Property #3: $300,000 (estimated selling price) Rental Property #4: $225,000 (estimated selling price) Total Retirement Assets: $1,678,713  (up  $ 26,867 ) LIABILITIES : Rental Property Loan #1: $44,570 (down $270) Rental Property Loan #2: $119,109 (down $779) Rental Property Loan #3: $178,844 (down $870) Rental Property Loan #4: $173,741 (down $672) Total Liabilities: $516

Goal Revision

 I started documenting our net worth journey 5 years ago for two simple reasons: 1. Doing at least a monthly update would force me to evaluate our progress and keep me accountable. 2. I wanted an archive so that I could look back at the journey.  Originally my goal was an investment portfolio of $1,000,000 and an annual passive income of $40,000. Well like most long term goals I feel that this one needs to be adjusted. We've easily surpassed the goal of a $1,000,000 retirement portfolio net worth. However, we're only half way toward my goal of $40,000 of passive income. The reason for this is that 66% of our retirement portfolio net worth is tied up in our rental houses. Unlike most landlord I'm aggressively paying down the principal on the rentals. Basically, all of the excess cash flow that they generate is being invested back into the properties. I also bought "fixer-uppers" so I've had to invest both my sweat and the rental revenue back into the properties

Retirement Portfolio Net Worth - As of July4 - 2024

  The goal is a retirement portfolio net worth of $1,000,000 and an annual passive income of $40,000. 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. June was not a great month for our equity portfolio. However, I've adjusted the value of one of the rental properties based on a recent appraisal. So overall our retirement portfolio is up $47,317 despite a $47,683 drop in the value of our equity portfolio. ASSETS June  Contributions : $0 Retirement Portfolio: $646,846 (down $47,683 stock market depreciation) Rental Property #1: $130,000 (estimated selling price) Rental Property #2: $350,000 (estimated selling price) Rental Property #3: $300,000 (estimated selling price) Rental Property #4: $225,000 (estimated selling price) Total Retirement Assets: $1,665,846  (up  $ 47,317 ) LIABILITIES : Rental P

Retirement Portfolio Net Worth - As of June01 - 2022

The goal is a retirement portfolio net worth of $1,000,000 and an annual passive income of $40,000. 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. A quiet month with very little spending on the rental units and no new money added to our retirement portfolio. ASSETS May  Contributions : $0 Retirement Portfolio: $694,529 (up $4,515 stock market appreciation) Rental Property #1: $130,000 (estimated selling price) Rental Property #2: $255,000 (estimated selling price) Rental Property #3: $300,000 (estimated selling price) Rental Property #4: $225,000 (estimated selling price) Total Retirement Assets: $1,604,529  (up  $ 4,515 ) LIABILITIES : Rental Property Loan #1: $45,122 (down $294) Rental Property Loan #2: $120,840  (down $793) Rental Property Loan #3: $180,811  (down $956) Rental Property Loan #4: $

Retirement Portfolio Net Worth - As of May2 - 2022

  The goal is a retirement portfolio net worth of $1,000,000 and an annual passive income of $40,000. 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. Nothing major this month other than we spent approx. $7000 out of pocket to have some much needed plumbing work done on one of the rentals. The plumbing was approx. 50 years old and was a constant source of issues.  ASSETS April  Contributions : $0 Retirement Portfolio: $690,014 (down $25,871 stock market depreciation) Rental Property #1: $130,000 (estimated selling price) Rental Property #2: $255,000 (estimated selling price) Rental Property #3: $300,000 (estimated selling price) Rental Property #4: $225,000 (estimated selling price) Total Retirement Assets: $1,600,014  (down  $25,871 ) LIABILITIES : Rental Property Loan #1: $45,416 (down $297) Rental

Retirement Portfolio Net Worth - As of Apr1 - 2022

The goal is a retirement portfolio net worth of $1,000,000 and an annual passive income of $40,000. 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. ASSETS March  Contributions : $7000 Retirement Portfolio: $715,885 (up $20,076 stock market appreciation + $7000 contribution) Rental Property #1: $130,000 (estimated selling price) Rental Property #2: $255,000 (estimated selling price) Rental Property #3: $300,000 (estimated selling price) Rental Property #4: $225,000 (estimated selling price) Total Retirement Assets: $1,625,885  (up $27,076) LIABILITIES : Rental Property Loan #1: $45,713 (down $316) Rental Property Loan #2: $122,369  (down $788) Rental Property Loan #3: $182,721  (down $1,032) Rental Property Loan #4: $176,463  (down $682) Total Liabilities: $527,266 (down $2,818) Retirement Portfolio N

Retirement Portfolio Net Worth - As of Mar3 - 2022

The goal is a retirement portfolio net worth of $1,000,000 and an annual passive income of $40,000. 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. We pretty much broke even over the month of February. Our very small loss in the value of our stock portfolio was off-set by an almost equal reduction of mortgage debt on the rentals. ASSETS Feb  Contributions : $0 Retirement Portfolio: $688,809 (down $3,428 stock market) Rental Property #1: $130,000 (estimated selling price) Rental Property #2: $255,000 (estimated selling price) Rental Property #3: $300,000 (estimated selling price) Rental Property #4: $225,000 (estimated selling price) Total Retirement Assets: $1,598,809  (down $3,428 stock market) LIABILITIES : Rental Property Loan #1: $46,029 (down $318) Rental Property Loan #2: $123,157  (down $778)