Retirement Portfolio Net Worth - As of Dec31-2021

 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 children’s RESP.

On the rental unit side of the portfolio we had a vacancy in one of our units but quickly had it re-rented for 28% higher than the previous tenant was paying. It was also a stellar month for the stock market and debt reduction. In total our net worth increased a whopping $38,835 in December. 

ASSETS

Dec Contributions: $2000
Retirement Portfolio: $696,353 (UP $29,664 stock market increase + 2K 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: $1,606,363 (UP $29,664)

LIABILITIES:

Rental Property Loan #1: $46,658 (down $315)
Rental Property Loan #2: $124,674 (down $938)
Rental Property Loan #3: $185,788 (down $7,198 - made a $6,000 lump sum payment)
Rental Property Loan #4: $178,462 (down $720)

Total Liabilities: $535,582 (down $9,171)

Retirement Portfolio Net Worth: $1,070,781 (UP $38,835)

Dividends Received (year to date): $18,911 (up $2,557)

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