February 2022 Liquid Net Worth and 378.5% YoY Passive Income Growth

Hello Friends! I can’t believe the first two months of 2022 are already over. Do you feel how time is flying?

Reminder: Sadly, we get older everyday. Have a plan to achieve your freedom faster.

Welcome back to another exciting Liquid Net Worth and Passive Income update via my Personal Finance Canada blog!

I hope you are enjoying my exciting reports which have been including my cryptocurrency incomes through Crypto Savings Accounts since May 2021.

Saying Goodbye to Cold Winter for Couple Days
Saying Goodbye to Cold Winter for Couple Days

Feb 2022 was a great month in terms of passive income. Even though I didn’t have any new record, it was another great month in terms of making extra income from dividends and hustling around!

Sadly, liquid net worth has another slight drop in Feb. But, who cares as long as the money is making money via dividends stocks and crypto savings accounts, correct? Passive income number is the golden number to always follow!

After having a wonderful 2 weeks in the Caribbean, in Feb I was planning for another trip which is now over. I will have those reports soon. Feel free to read my Guadeloupe Report Part I and Part II for my travel style and how little it cost me!

Related: Ultimate Must See and Do Attractions in St. Lucia, Mountains to Sulphur Craters

Related: January 2022 Liquid Net Worth and 169.62% YoY Passive Income Growth

This was my first ever long cruise journey. Everything went as planned with minor rental cars hiccup, but I visited 7 Caribbean islands (5 new countries) in my 7 nights of cruising.

Royal Caribbean Grandeur of the Sea Cruise - 7 Caribbean Islands in 1 week
Royal Caribbean Grandeur of the Sea Cruise – 7 Caribbean Islands in 1 week

For 2022, I don’t think I will achieve my unrealistic $500K invested goal! But, who knows, right?

Feb 2022 Passive Income (Savings Accounts & Dividends) Was $1153
Feb 2022 Passive Income (Savings Accounts & Dividends) Was $1153

Related: A Joyful Year in Review, Looking Back at 2021

In addition to my cryptocurrency stocks (ETHC & DEFI), I also invest in some exciting ETFs including HBLK which is a Blockchain ETF. Take a look at My Exotic Series of the Best ETFs in Canada to know what ETFs I buy.

I also got into buying cryptocurrencies and stablecoins just before the big May crash which used to hurt. If you’d like to know how to start read my Complete Cryptocurrency Purchase, Exchange, Wallet, and ETF Guide.

Feel free to read more about my journey from the beginning and how we started from zero just years ago by reading my post here. You can also find my first ever income report here Jan-Feb 2021 Net Worth and Income Update. In addition, previous months report are here.

Extra Side Hustle Income Report $630

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. I assume it is a good problem to have but still challenging.

Related: Complete Crypto.com App Review & Cryptocurrency Beginners Guide

Related: A Complete Neo Financial Credit Card Review in 2022

I might miss some stuff while reporting but here comes what I earned in Feb 2022 in side hustle not counting dividends stocks and savings earnings.

Here is the list of who paid me in December:

If you have some extra change to spare, why not sending me some of it? You know it is going for a great cause of freeing someone and his family from the corporate world! Just do it, friend!

Wealthsimple Cash referrals are still in hibration mode. I was hoping to get more cashback but unfortunately nobody signed up. I am still thankful for the $220 I received in the past. You can read my Complete Wealthsimple Cash review and Guide.

Join WS Cash & Get $10
Join WS Cash & Get $10

Wealthsimple Cash pays $10 for using my Sign-up link. You can then start inviting your family and friends to make some fantastic easy money. No deposit is required. You get the $10 as long as you never had a Wealthsimple Cash which is different than a Wealthsimple Trade account.

Similar to Wealthsimple, I love Brim Financial and use it when abroad for credit card payments with no Foreign Exchange fees. 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.

When it comes to Cryptocurrency, I had 1 new referral for Celsius Network in Feb 2022. This added $50 USD worth of Bitcoin to my Celsius account.

In Feb 2022, I applied for some new credit cards and waiting to receive extra cashback from GCR (Great Canadian Rebates). One of these cards was Neo Financial credit card. You can join Neo using my referral and earn $50 plus any cashback offered at the time of applying through GCR.

I think every Canadian should be a member of this site. You can sign-up using my GCR Referral Link. Please note that GCR asks for a referral email which is [email protected].

Current Non-Chequing Accounts

If you read my July report, you know that I got a $20,000 personal Line of Credit with 2.45% interest rate. I initially used some of that to earn Crypto interest. I am now leveraging $16,000 to receive 12-14% interest while paying 2.45%.

Finally, my Crypto.com review is ready! 10% for flexible earn or 12-14% for 1 or 3 months plans which varies based on the staked (deposited) $CRO with CDC. I also got the Crypto.com credit card which I think is one of the best cards I’ve ever had.

This card gives me unlimited lounge access, covered Spotify and Netflix, and 3% cashback in $CRO on 90% of my purchases. Everything is paid back in $CRO and can be converted to $CAD or $USD or just staked for more interests in $CRO. The choice is yours. Why not joining Crypto.com and earn $25 in $CRO?

Honestly, CeFi (Centralized Finance) is as awesome as DeFi (Decentralized Finance) and both are making TraFi (Traditional Finance) looks so ugly (For now at least)!

Wealthsimple Trade is Canada’s first $0 commission App.
Please sign-up using my referral code 8RR_5G to receive two free stocks.

This image has an empty alt attribute; its file name is Questrade-Trade.jpg

Get up to $250 or a free month in Questwealth, by using my Referral QPass 646713816388276.

I maximized both our TFSA accounts. I also contributed $5,000 to my kids’ RESP account. I have already had the max 18% in my RRSP for some months now.

QuestradeRoboTFSA$83,855.6Mrs. Dreamer
QuestradeRoboRESP$49,746.01Girls A & B
TangerineHISAHISA$286.31Mr. Dreamer
MeridianGICRRSP$15,149.39Mr. Dreamer
MeridianGICTFSA$6,701.30Mr. Dreamer
OakenGICLIRA$22,300.93Mr. Dreamer
OakenGICRRSP$21,905.59Mr. Dreamer
OakenGICTFSA$45,306.13Mr. Dreamer
WealthsimpleTradePersonal$16,215.16Mr. Dreamer
WealthsimpleTradeTFSA$32,338.29Mr. Dreamer
WealthsimpleTradeRRSP$56,016.4Mr. Dreamer
CryptocurrencyCryptoPersonal$77,243.05Mr. Dreamer
Current Status of Our Accounts

The plan is to maximize my wife’s and my TFSAs along contributing $5,000 into the kids’ RESP. After the tax season, I will start maximizing my RRSP as well.

Current Net Worth & a Slight $254 Liquid Net Worth Decline

It seems both Stock and Crypto markets are finally impacting my net worth. After a steady increase over every single month since my monthly reports except Jan 2022, I had another decline in Feb 2022. I think we all expected this to happen, didn’t we?

My liquid net worth declined by $254 in Feb 2022. Am I worried? Not at all. Am I selling anything? Yes, only small positions to focus on value companies more.

Liquid Net Worth increase from Passive Income including Hustle, Dividend stocks, crypto savings accounts and more.
Feb 2022 Liquid Net Worth Declined to $412,753

Let’s look at the bright side. I love how we were blessed to increase our liquid net worth (investments) by 25.84% Year over Year (YoY) or $84,765.

Dividends & Savings Accounts Income

Since January 2021, I started calculating our income from dividends and savings accounts. You can also find my previous monthly Money Reports here.

I will not report detailed stock or ETF income here till it becomes more meaningful which will be Q2 2022. However, if you follow my journey on Twitter, I post whenever some interesting dividends land in my account.

My Stablecoins (USDC and TCAD) and CRO investments keep generating over $500 monthly. As shown in below table, I received $1,153.51‬ in Feb 2022 which is a 378.5% increase in comparison with my Feb 2021 passive income.

MonthDividendsHISA & GIC CryptocurrencyTotal
Jan 2021$571.03$206.14$0.00$777.17
Feb 2021$40.28$295.02$0.00$335.30
Mar 2021$305.00$510.29$0.00$815.29
Apr 2021$78.22$256.49$0.00$334.71
May 2021$164.77$259.35$20.30$424.12
Jun 2021$399.59$216.48$113.07$729.14
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$200.23668.43$1,153.51‬
Monthly Income Report Table

Cryptocurrency Income

I am earning Cryptocurrency and Stablecoins income from 4 main channels which are Nexo Exchange, Cake DeFi, Celsius Network, and my favorite Crypto.com.

I didn’t have any capital appreciation this month as $CRO value keeps declining after hitting ATH in November. The total crypto trend is kind of bearish but I don’t mind the correction thanks to the passive income.

My holdings are 40% Stablecoins ($TCAD and $USDC) which track CAD and US Dollars and not impacted by any Crypto fluctuation. The rest are Cryptocurrencies like $MATIC, $BTC (Bitcoin), $ETH (Ether), $DFI (DeFi Coin), $NEXO (Nexo), $BCH (Bitcoin Cash), $CRO (Crypto).

I also started buying Metaverse Index $MVI which tracks the metaverse creators and is growing exponentially. I stake this in a pool with $ETH and earn a variable interest ranging from 15 to 65%.

Here is the latest update I had of my Cryptocurrency portfolio. You can read more details about each account on my Cryptocurrency Portfolio & How to Earn 12% post. I need to update this post though.

Calculating income and converting to Canadian Dollar is a bit time consuming so I am mostly calculating my income from Crypto.com and Celsius Network while ignoring the small payout from Nexo and Cake.

The earning from Celsius comes every Monday morning. However, Crypto.com pays every 7th day of the date the term started. I now receive payments every day of the week. It is so addictive!

Join Crypto.com > Deposit $100 > Earn $25 in $CRO
Join Newton Exchange > Deposit $100 > Earn $25 CAD

Liquid Net Worth and Passive Income Update Summary

To summarize, I made $630 in side hustle income in Feb 2022. I also had $1,153.51 income from other sources like Dividends, HISA, and Crypto Earnings. I am moving forward with my cryptocurrency investment and ditching traditional banking systems especially for emergency funds.

This brings my total Feb 2022 passive income to $1,783.51 CAD which basically covers all our monthly expenses.

My dividend income will keep growing along my Cryptocurrency income every month and I hope my income from these sources keeps surpassing an average $1,200 monthly. 2022 will be the first full year of focusing on passive income.

So far in Jan and Feb, my total passive income was $3,248.97 which is $849 or 35% more than my set average goal for 2022.

Thank you for reading and let me know if you have any questions or feedbacks.

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