Hello Friends and welcome back to another Liquid Net Worth and Passive Income update via my Personal Finance Canada blog! I hope you are enjoying my monthly reports since February 2021.
July was another great month for making extra income from dividends and hustling around despite the markets crash. Please note that all the numbers were recorded on July 31.
Passive income number is the golden number to always pay attention to!
Extra Side Hustle Income Report $371
Frankly, counting the side hustle isn’t an easy job. I made a spreadsheet and record my income through this source but it is a hectic task with money coming from so many resources.
Related: A Complete Neo Financial Credit Card Review
I might miss some stuff while reporting but here comes what I earned in July 2022 in side hustle excluding other sources like dividends and savings accounts earnings.
| Service | Notes | Earned Amount |
| Newton Exchange | Join Newton, earn $25 | $25 |
| Brim Financial | Join Brim Financial | $120 |
| Hodlnaut Exchange | Join Hodlnaut, earn $25 | $30 USD |
| Learn & Earn IT | Amazon Gift Card | $140 |
| Neo Financial | Get a free Neo Credit Card, earn $50 | $50 |
| VoIP.MS | Save on Phone Bills | $10 USD |
I love Brim Financial and use it when abroad for credit card payments to avoid paying foreign exchange fees. I also get 1% cashback which is nice to have on a free card.
I used it in many countries successfully. It also gave me access to free Global WiFi. Best part is that they pay me 500 ($5.00) points every year on my birthday.
Non-Chequing Accounts As of July 31, 2022
| Bank | Type | Account | Value | Owner |
| Questrade | Robo | TFSA | $90,782 | Mrs. Dreamer |
| Questrade | Robo | RESP | $50,424 | Girls A & B |
| Meridian | GIC | RRSP | $15,149 | Mr. Dreamer |
| Meridian | GIC | TFSA | $6,701 | Mr. Dreamer |
| Oaken | GIC | LIRA | $22,605 | Mr. Dreamer |
| Wealthsimple | Trade | Personal | $14,874 | Mr. Dreamer |
| Wealthsimple | Trade | TFSA | $77,368 | Mr. Dreamer |
| Wealthsimple | Trade | RRSP | $80,415 | Mr. Dreamer |
| Cryptocurrency | Crypto | Personal | $20,701 | Mr. Dreamer |
Current Investment Portfolio & a Nice 7.36% MoM Liquid Net Worth Growth
My liquid net worth finally increased by $25,811 MoM after months of decline. I realize this is might be a temporary recovery but I hope we hit the bottom. Investment comes with its cycles. As an investor, I am happy to use the declines in the market to accumulate more funds.
The current market conditions help me to get discounted stocks and ETFs I’d love to hold for a very long time. Time in the market and dollar-cost averaging are investors’ best tools.
Dividends & Savings Accounts Income
Well, please congratulate me for a new passive income record of $2,207.42.
| Month | Dividends | HISA & GIC | Cryptocurrency | Total |
| Jul 2021 | $797.74 | $214.04 | $290.45 | $1,302.23 |
| Aug 2021 | $317.66 | $215.56 | $293.56 | $826.78 |
| Sept 2021 | $431.40 | $216.83 | $307.15 | $955.38 |
| Oct 2021 | $608.39 | $727.09 | $451.00 | $1786.48 |
| Nov 2021 | $211.25 | $217.82 | $680.31 | $1109.38 |
| Dec 2021 | $880.08 | $238.15 | $871.75 | $1989.98 |
| Jan 2022 | $1,065.49 | $407.97 | $622.00 | $2095.46 |
| Feb 2022 | $284.85 | $200.23 | 6$68.43 | $1,153.51 |
| Mar 2022 | $541.57 | $212.00 | $823.32 | $1,576.89 |
| Apr 2022 | $782.35 | $58.00 | $901.40 | $1,741.75 |
| May 2022 | $490.06 | $63.00 | $926.00 | $1479.06 |
| June 2022 | $981.71 | $60.86 | $1,078.00 | $2,120.58 |
| July 2022 | $1,240.66 | $62.76 | $904.00 | $2,207.42 |
I received a total $1,240.76 from dividends while $904 came from my tiny Crypto portfolio.
The total $2,207.42 in passive income is equivalent to making $12.73 hourly as a full-time employee. This amount is also what I paid for our Aug’s Europe flight. Below is the list of who paid me in July 2022.
Liquid Net Worth and Extra Income Update Summary
To summarize, I made $371.05 in side hustle income in July 2022. I also had $2,207.42 income from passive sources which brings my total July 2022 extra income to $2,578.47 CAD which covers almost all our regular monthly expenses as a family of four.
In 2022, my total extra income has been $18,553 so far with $12,374 of it being totally passive which is an average $1,767 monthly.
My average passive income is 47% higher than my $1200 monthly 2022 goal 🤑
Finally, all my recommendations can be found under my referral page. Thank you for reading and let me know if you have any questions or feedbacks.
As always, you continue to amaze me with your side hustle and office income growth. Very well done, my friend! Keep up the hard work. You’ll be FI in no time.