FI3000

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 childrens RESPs. ASSETS Dec Contributions: $2200 Retirement Portfolio: $497,389 (up $4,832,stock market gains $2,632 + $2,200 contribution) Rental Property #1: $105,000 (lowest estimated selling price) Rental Property #2: $155,000 (purchase price) Total Retirement Assets: $757,389 (up $159,832) LIABILITIES: Investment Loan: $30,441(down $997) Rental Property Loan #1: $76,104 (down $507) Rental Property Loan #2: $155,289 Total Liabilities: $261,834 (up $153,785 due to new rental purchase) Retirement Portfolio Net Worth: $495,555 (up $6047) Dividends Received (year to date): $13,085 (up $782) Well December was a decent month with our retirement

Well we’re doing it again. We’ve purchased another rental home. Our most recent purchase is a detached, 3 bedroom, single family, 2 story home in a decent area of town. Unlike our other rental this one will appeal more to families. There is a large fully fenced yard so we’ve decided we are going to allow pets (many landlords in our area do not) which should appeal to higher income earning pet lovers. The house is currently vacant and is move in ready. However, I’m going to add a half bathroom on the main level, replace some flooring in the bedrooms and do a long list of smaller aesthetic fixes ie-painting etc…I’m hoping to have all this completed by mid January however, as anyone who’s done renovations knows timelines often have to get stretched. Once the renovations are complete we’re going to try and rent the home for what we believe is the top end of what comparable rentals go for. This is a learning experience for us so we figure if after a few weeks we don’t get any bites

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 childrens RESPs. ASSETS Nov Contributions: $0 Retirement Portfolio: $492,557 (up $8,136 stock market gains) Rental Property: $105,000 (lowest estimated selling price) Total Retirement Assets: $597,557 (up $8,136) LIABILITIES: Investment Loan: $31,438 (down $1,206) Rental Property Loan: $76,611 (down $507) Total Liabilities: $108,049 (down $1,713) Retirement Portfolio Net Worth: $489,508 (up $9849) Dividends Received (year to date): $12,303 (up $1087) Well November was another decent month primarily due to the terrific gains of the stock market. Obviously at some point there is going to be a correction, it could be tomorrow but it could also be in c