FI3000

  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: Some big changes over last few months. We purchased another rental and have been extremely busy getting it ready for tenants. We also had our rental properties re-evaluated by an appraiser. The re-evaluations coupled with the stock market appreciation we've been having has increased our retirement net worth by a whopping $351,919. ASSETS. June to Oct Contributions: $10,000  Retirement Equity Portfolio: $902,949 (UP $81,709)  Rental Property #1: $220,000 (appraised value) Rental Property #2: $350,000 ( appraised value ) Rental Property #3: $400,000 (...

  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: No major expenses to report. The markets are holding up and our retirement portfolio grew by $12,356 (including a $7,100 contribution). ASSETS. Apr/May Contributions: $7,100  Retirement Equity Portfolio: $821,240 (UP $12,356)  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: $1,946,240 (UP $12,356) LIABILITIES : Rental Property Loan #1: $40,155 (down $387) ...

  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: $1,9...

  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 (es...

  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: $75...

  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 Retirem...