Retirement Portfolio Net Worth - As of July1-2020

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 our children’s RESP.

Overall June was a pretty good month. I was able make a $3500 RRSP contribution and had no issues with any of the rental units. So for the first time in a long time the amount spent on the rentals was $0. I do plan on replacing some windows later in the year but other than that I don't anticipate any major expenses for the rest of 2020.

ASSETS

June Contributions: $3500
Retirement Portfolio: $456,842  up ($5,910, stock market + $3500 contribution)
Rental Property #1: $105,000 (estimated selling price)
Rental Property #2: $205,000 (estimated selling price)
Rental Property #3: $230,000 (purchase price)

Total Retirement Assets: $996,492 (up $5,910)

LIABILITIES:

Investment Loan: $2,433 (down $1,434)
Rental Property Loan #1: $59,433 (down $707)
Rental Property Loan #2: $138,579 (down $886)
Rental Property Loan #3: $211,102 (down $1,480)

Total Liabilities: $411,547 (down $4,507)

Retirement Portfolio Net Worth: $585,295 (up $10,417)

Dividends Received (year to date): $7,938 (up $1,744)

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