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.
- Part-Time Work = $600
- Dividends = $400
- Farm Rent = $2,600
- 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 😀
Random Useless Fact: Health tip:
Great job on your net worth! 🙂
Thanks Michelle :0)
Great month for you. Your investment train is gaining momentum every month!
For sure 🙂 I’m just glad the strategy of buying profitable, blue chip companies and real estate, and then holding them for the long run really does work. At this rate even if I stopped putting any new money into my investments I should still become a millionaire through capital appreciation if the economy continues to grow at 2 to 3 percent 😀
Gotta LOVE that rental income, good going Liquid !!! Your blog is always a great read
If only it was that much every month 🙂 then I could quit my job any time lol. Still really happy with the cheques coming in twice a year though ^_^
I somehow think most of your readers didn’t even notice the Carls Jr burgers 🙂
What burgers? 😀
In regards to your second farm, is the rent going to be paid once twice a year also? If so, what months?
Yes, I just worked out the deal with the same tenant for the second farm I’m about to buy. Rental rate is about the same as the first farm. And pay dates are also the same. But since it’s past May already, I will be depositing the first cheque for the new farm in June instead. But the second cheques on both farms, about $2,600 each, will both be due on October 1st. So I get 4 cheques a year, with total of roughly $10,000. What’s good about this deal is I’m already getting paid rent even though I’m still in the middle of buying the second farm :0)
Thanks Mark. Appreciate the support 🙂
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.
Thanks SubFi 😀 Buying a home is often the first step to everything else. My home has allowed me to take on more risk and access to cheaper finance, and yours will allow you to do the same in time 🙂
$1000 is pretty great extra income if you ask me. Well done! Looking forward to watching your numbers go up each month.
If only I could make that much in extra income all the time. Sadly I sold some stocks last month so it looks like my dividends will be cut going forward. But I plan to close the gap again later this year :0)
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!
You’re right to be patient 😀 I sold some stocks in May but would not look at going back in until after at least a 5% drop from here. We will likely get our chance to buy in at cheaper prices before the end of the year. I don’t think the current levels of the market are sustainable unless profits blow everyone away during next earnings season which I doubt.
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!
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!
Ahh, it is only 5,000..keep on reading 🙂
The add is quite appealing. We do not have the twins in my area.
Those ads are really clever. They combine and take advantage the two most primal instincts in a person :0)