Jun 012013
 

Lady luck has blessed me with a bunch of serendipity again this month \(^_^)/  The financial markets did relatively well (appears we didn’t have a “Sell in May” year,) the US dollar increased, and I was able to bring home $1000 from extra income sources like dividends and a side job. It was also a great first quarter for the North American economy. Canada’s GDP grew at a rate of 2.5% annualized, and the US performed similarly at 2.4%. Here’s the fiscal update.

Capital Readily Available to deploy for the Farmland Fund: $15,000 out of $25,000 needed 😀 This is mainly thanks to savings, selling stocks, and rental income so far.

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*Side Income:chart_apr13
  • Part-Time Work = $600
  • Dividends = $400
  • Farm Rent = $2,600

*Discretionary Spending:

  • Eating Out = $100
  • Others = $100

*Net Worth: (MoM)

  • Assets: = $569,900 total (-$7300)
  • Cash = $3,200 (+1700)
  • Stocks CDN =$74,500 (-$6300)
  • Stocks US = $38,800 ($1700)
  • RRSP = $31,600 ($1000)
  • Home = $252,000 (same)
  • Farm 1 = $152,500 (same)
  • Farm 2 deposit = $17,300 (same)
  • Liabilities: = $396,800 total (-14,300)
  • Mortgage = $202,800 (-$400)
  • Farm 1 Loan = $110,700 (-$200)
  • Margin Loan CDN = $26,200 (same)
  • Margin Loan US = $22,100 (-$800)
  • TD Line of Credit = $22,000  (-11,900)
  • CIBC Line of Credit = $13,000 (-1000)

*Total Net Worth = $173,100 (+4.2%)
All numbers above are in CAD. Conversion rate used: 1.00 USD = 1.04 CAD

Earlier this month I wrote about how I received my first cheque for $2,657 from my tenant 😀 Good thing I traveled to Saskatchewan last year to do some research and bought a farm with just $20,000 of my own money in cash (and borrowed the rest.) And now I’m collecting rent twice a year (over $5000 annually) in perpetuity 😀 Go passive income! The US dollar also strengthened in the month of May (up 3%) compared to $CAD. This means all my stocks is USD (about $39,000) is worth over $1,000 more when I consolidate the currencies to calculate my wealth 😀 Good thing I invested in Disney, Target, Starbucks, and other US companies earlier this year in a USD account :0) Go US dollar!  Stocks did well overall, but I sold about $8,000 near the end of the month (GCL, RET, HAL, TEVA) to pay down my line of credit and some other debts. However I will be re-borrowing the $8,000 again later this summer when my property transaction completes. Go debt!

Overall, that’s a $7,000 net worth increase in one month so I’m certainly not complaining since that’s more than twice what I make from my 9 to 5 job (^.^)  I almost feel guilty because most of those good things just happened automatically without me even doing anything special 🙂 Good thing I usually post about what investments I buy so others can do the same if they wish or at least be inspired to reach their own financial goals 😀

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Random Useless Fact: Health tip:13_05_healthyeating

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Michelle
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Great job on your net worth! 🙂

Gareth @ Investment Road to Freedom
Guest

Great month for you. Your investment train is gaining momentum every month!

RetireInNiagara
Guest

Gotta LOVE that rental income, good going Liquid !!! Your blog is always a great read

RetireInNiagara
Guest

I somehow think most of your readers didn’t even notice the Carls Jr burgers 🙂

Investing Pursuits
Guest

In regards to your second farm, is the rent going to be paid once twice a year also? If so, what months?

myownadvisor (@myownadvisor)
Guest

Great work!!
Mark

SuburbanFinance
Guest

Your net worth is doing awesome! I love your farm income. We dont’ have the capital to do something like that right now having purchased our house a couple of months ago but I love the concept.

studentdebtsurvivor
Guest

$1000 is pretty great extra income if you ask me. Well done! Looking forward to watching your numbers go up each month.

seapotato
Guest

Ugh, I was definitely not happy about the no “sell in May” thing. I was waiting for the prices to drop a bit so I can buy more. *grumble* I had to just jump right in and just get some stocks at near market because time is money, and I want those dividends! Great job on your income!

Jon
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Jon

Awesome one month increase! I am very interested in your farm rental. I will do some digging on your site to find out more but if you have a few key posts talking about it let me know!

Financial Independence
Guest

I am positively impressed! Are you getting $2,500 a months or $30,000 a year as rent on the farm land which cost $150,000? This is 20% a year! Congrats!

Financial Independence
Guest

Ahh, it is only 5,000..keep on reading 🙂

The add is quite appealing. We do not have the twins in my area.