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Showing posts from February, 2021

Retirement Portfolio Net Worth - As of Feb 1-2021

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. Well January was a big month for us. We bought another rental building and are in the process of fixing it up. So in the short term it will be somewhat of a cash draw but should be very profitable over the long term. We've already found tenants for 1 of the 2 units and hope to have the renovations complete by March and both units occupied by April. ASSETS Jan  Contributions : $400 Retirement Portfolio: $549,067 up  $4,988  (stock market increase + $400 contribution) Rental Property #1: $105,000 (estimated selling price) Rental Property #2: $205,000 (estimated selling price) Rental Property #3: $230,000 (purchase price) Rental Property #4: $200,000