July 2021 Liquid Net Worth and Income Update – Remarkable 32% Increase

Liquid Net Worth
Liquid Net Worth Increased to $374,841 by Aug 1st, 2021

A new month and a new exciting Liquid Net Worth and Income Update! I hope you are enjoying my exciting reports including my first cryptocurrency income in May 2021 Monthly Report.

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 got into buying cryptocurrencies and stablecoins just before the crash so it hurts a bit but fun, educational, and entertaining. If you’d like to know how to start read my Complete Cryptocurrency Purchase, Exchange, Wallet, and ETF Guide.

July was a really exciting month. For those of you who don’t know, I booked flights to finally go visit family in Iraq. Sadly, the Covid situation is really awful there but we are hoping for the best. Before you judge, I will write a detailed post about why now!

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

Last month, I didn’t keep track of any side hustle income. Sadly, eBay blocked my seller account without even telling me the reason behind their decision and refusing to pay my last sales which are around $400.

This month, I received below side incomes:

This brings my July Side Hustle income to $480.

Did you notice my new fancy support “Buy Me a Coffee” icon on the top and bottom corner? I might stick with a no Ad business model and hope for your generous sponsorships. I also accept money by below methods:

  • Wealthsimple Cash: $Babylon
  • Cryptocurrency: $ETH $USDC 0xA2FA6728282d8c9f98a9fb1E4e906A294EbDEF06
  • PayPal: dream@vibrantdreamer.com
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In July, I made my 3rd $20 from LEO Surveys (Leger Opinion) by spending little time doing some surveys. Feel free to use my LEO Surveys Referral Link to sign-up and start racking up some extra cash.

If you followed my last month journey, I mentioned that I finished a 2 hours vehicle research with a $200 gift card promise. I received this $200 this month. This shows how you can be rewarded much more by participating. I didn’t even know they had these programs when I joined couple months ago.

Wealthsimple Cash referrals dried up as well. I was hoping to get more cashback in July 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.

Wealthsimple cash referral - http://ws.cash/invite/$babylon
Use My Link to Get $25

Wealthsimple Cash $25 bonus is still active. Sign-up before the $25 is over and start inviting your family and friends to make some fantastic easy money. No deposit is required. You get the $25 as long as you never had a Wealthsimple Cash which is different than a Wealthsimple Trade account.

I love STACK and use it when abroad for free ATM withdrawals and no Foreign Exchange but STACK didn’t have much success in dominate Canadian P2P transfer system. Let’s see if Wealthsimple succeed.

When it comes to Cryptocurrency, I had another approved referral to Celsius Network which made me $40 USD in Bitcoins. I took advantage of Celsius special offer (Expired) and received $650 in Bitcoins which is currently locked for 90 days. I will report this amount when it is unlocked in September.

Use my referral to get a nice $40 on your first $400. You need to apply the Promo code before transferring or buying cryptocurrencies or stablecoins and keeping them for 30 days.

In July, I received $115 by applying to different credit cards and using GCR (Great Canadian Rebates). 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

Gladly, I did most of the cleaning up already and not much left till some of my GICs maturity in April 2022. The only major change is that I got a fantastic $20,000 personal Line of Credit with 1.99% interest for the fist 90 days then 2.45%.

I used $3,000 to purchase $TCAD in Crypto.com which is now earning 10% (Will be 12% soon). Using the power of leverage is really exciting. Paying 2.45% to making 12%. Deduct the income tax and I am still making money from my loans.

I will write a review about Crypto.com but I am in LOVE! 8% for flexible earn or 10-12% for 1 or 3 months plans. I also applied for Crypto.com credit card and in 2-3 months I will have unlimited lounge access, covered Spotify and Netflix, and 3% cashback in $CRO on 90% of my purchases.

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 your free $10 to trade.

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.

BankTypeAccountValueOwner
QuestradeRoboTFSA$79,564.58Mrs. Dreamer
QuestradeRoboRESP$46,434.72Girl A & B
TangerineHISAHISA$609.26Mr. Dreamer
MeridianGICRRSP$14,601.82Mr. Dreamer
MeridianGICTFSA$6,459.08Mr. Dreamer
OakenGICLIRA$21,885.43Mr. Dreamer
OakenGICRRSP$21,563.89Mr. Dreamer
OakenGICTFSA$44,599.52Mr. Dreamer
WealthsimpleTradePersonal$12,780.1Mr. Dreamer
WealthsimpleTradeTFSA$29,690.76Mr. Dreamer
WealthsimpleTradeRRSP$52,203.11Mr. Dreamer
CryptocurrencyCryptoPersonal$42,252.77Mr. Dreamer
Current Status of Our Accounts

I realized that my wife’s TFSA and kids’ RESP accounts aren’t maximized. This is something I should work on in the upcoming months. For now, I won’t be adding any more money to our accounts as the upcoming trip will cost us around $12,000 – $15,000. A last minute unexpected at all booking!

Current Net Worth & $8,261 MoM Liquid Net Worth Increase

Our Net Worth grew to $374,841 by July 1st, 2021. This is a $8,261 or 2.25% MoM increase. A good portion of the increase came from the market appreciation with the rest from my 9-5 income and other incomes.

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Looking at the chart, I love how we were blessed to increase it by 32% Year over Year (YoY) or $91,510.

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 Q1 2022. However, if you follow my journey on Twitter, I post whenever some interesting dividends land in my account.

Here are the numbers for 2021. Total 2021 income is $4,717.16. My goal for 2021 is to reach an average $1,000 monthly income. Currently, the average is $673.86. Five more months to go!

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
Monthly Income Report Table
Monthly Dividend, Savings, and Crypto Income
Monthly Dividend, Savings, and Crypto Income

Cryptocurrency Income

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

Here is a screenshot of the promotions I received by investing $600 USD in Celsius.

My Received Celsius Rewards in BTC
My Received Celsius Rewards in BTC

The only major change this month is the purchase of more $TCAD and $CRO.

My holdings are 70% 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), $CEL (Celsius), $NEXO (Nexo), $BCH (Bitcoin Cash), $CRO (Crypto).

Don’t laugh but I recently discovered a new feature which is called Supercharger. I put my extra $CRO there and received 46,000 $SHIB tokens. They worth less than $1 in total so it is more like a game to see what happens with these useless meme token!

Here is the current status of my Cryptocurrency portfolio. You can read more details about each account on my Cryptocurrency Portfolio & How to Earn 12% post.

Calculating income and converting to Canadian Dollar is a bit time consuming but with the help of Excel, everything is smooth and simplified now.

Cryptocurrency Portfolio
My Cryptocurrency Portfolio

Last month, I was only $281.88 or 0.78% in green for my Crypto investments. However, as of the time of writing, I am $1,232.77 or 3.01% up for my Crypto investment.

Liquid Net Worth and Income Update Summary

To summarize, I made $480 in side hustle income in July. However, I had a sweet increase in my dividend and other savings income comparing with previous months. I am moving forward with my cryptocurrency investment and ditching traditional banking systems especially for emergency funds.

My dividend income will keep growing along my Cryptocurrency income every month and I hope by the end of this year, my income from these sources surpass an average $1,000 monthly.

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

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