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

Hello Friends! I can’t believe the first month of 2022 is 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.

Sunset, Aylmer, QC - Ice Art by Unknown Artist
Sunset, Aylmer, QC – Ice Art by Unknown Artist

January 2022 was a great month in terms of passive income. I had a record for my dividends stocks incomes which is fantastic to see. However, it wasn’t a good month when looking at the invested net worth.

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, I am planning for another trip soon. Feel free to read my Guadeloupe Report Part I and Part II for my travel style and how little it cost me!

This will be our first ever long cruise journey. If everything goes as planned, we will be visiting 7 Caribbean islands in our 7 nights of cruising.

I am still weighting the pros and cons including the cost of PCR tests and the 2 weeks going to be missed school due to Covid regulations for the kids.

Monthly Passive Income Chart, Dividends and Savings Accounts Passive Income Chart
Dec 2021 Set a New Record for Savings & Dividends Income at $2094

For 2022, I have another unrealistic number to achieve! Yes, Half a Million Dollar investment in the stock and Crypto market. Let’s see if I can get to the $500K mark. I need the market to collaborate a little bit but I know the number isn’t really realistic. Who knows, right?

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 $480

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.

I might miss some stuff while reporting but here comes what I earned in January 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: $Babylon
  • Cryptocurrency: $ETH $USDC $TCAD 0xA2FA6728282d8c9f98a9fb1E4e906A294EbDEF06
  • PayPal: dream@vibrantdreamer.com
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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.

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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 January. This added $50 USD worth of Bitcoin to my Celsius account.

In January 2022, I didn’t apply for any new credit card so didn’t receive anything from GCR (Great Canadian Rebates). However, I should apply for some new cards this month.

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 dream@vibrantdreamer.com.

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%.

I will write a review about Crypto.com but I am in LOVE! 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

To get up to $250 or a free month in Questwealth, please use 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.

BankTypeAccountValueOwner
QuestradeRoboTFSA$86,985.14Mrs. Dreamer
QuestradeRoboRESP$50,360.69Girls A & B
TangerineHISAHISA$100.20Mr. Dreamer
MeridianGICRRSP$15,149.39Mr. Dreamer
MeridianGICTFSA$6,701.30Mr. Dreamer
OakenGICLIRA$22,244.09Mr. Dreamer
OakenGICRRSP$21,858.85Mr. Dreamer
OakenGICTFSA$45,209.48Mr. Dreamer
WealthsimpleTradePersonal$16,041.08Mr. Dreamer
WealthsimpleTradeTFSA$32,462.25Mr. Dreamer
WealthsimpleTradeRRSP$54,863.14Mr. Dreamer
CryptocurrencyCryptoPersonal$75,697.00Mr. 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.

In Jan 2022, I contributed $1500 in each account (2 TFSAs and RESP).

Current Net Worth & a Big $6,217 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, Jan 2022 started the year in negative. I think we all expected this to happen, didn’t we?

My liquid net worth declined by $6,217 in couple weeks. 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.
January 2022 Liquid Net Worth Declined to $413,007

Let’s look at the bright side. I love how we were blessed to increase our liquid net worth (investments) by 27.42% Year over Year (YoY) or $88,887.

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 hit a new record of $2095.46 in January 2022 which is a 169.62% increase compared with my Jan 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
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.

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

Liquid Net Worth and Passive Income Update Summary

To summarize, I made $480 in side hustle income in Jan 2022. I also had $2,095.46 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 November’s passive income to a not so high $2,575.46 CAD.

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.

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

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