March 2022 Liquid Net Worth and 107% YoY Passive Income Growth

Hello Friends! I can’t believe that Winter is finally over and Spring is here. 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.

March 2022 was a great month in terms of passive income and catching up with all time highs.

I didn’t have any new record but it was another great month in terms of making extra income from dividends and hustling around!

Gladly, liquid net worth recovered in March and hit new all time highs. However, I don’t care about how much money I have 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 pay attention to!

After having a wonderful 2 weeks in the Caribbean, I managed to get another couple days off work (and family) to do a Southern Caribbean Cruise trip. Feel free to read my Astonishing Royal Caribbean Cruise on a Budget trip report.

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

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

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?

March 2022 Passive Income (Savings Accounts & Dividends)
March 2022 Passive Income (Savings Accounts & Dividends) Was $1576

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 2021 crash which used to hurt. If you’d like to know how to start read my Complete Cryptocurrency Purchase, Exchange, Wallet, and ETF Guide.

Related: Did you know that I earn ~20% yield for holding digital $USD?

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 $1400

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 March 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 (No Fees): $Babylon
  • PayPal: dream@vibrantdreamer.com

Wealthsimple Cash referrals are still in hibernation 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.

My new favorite credit card is Neo Mastercard where I received 7.65% cashback by spending money in my local supermarket.

Related: All You Need to Know About Brim Financial & Brim Mastercard Review

I think every Canadian should be a member of the Great Canadian Rebate 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 2.70% interest rate. I initially used some of that to earn Crypto interest. I am now leveraging $16,000 to receive 20% interest while paying 2.70%.

If you have been following my journey, you realize that I love my Crypto.com credit card.

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

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 joining Questrade.

I “thought” I have already maximized both our TFSA accounts but after getting an update from CRA, it seems my wife has another $7000 room so that is where my money is going this month.

I also contributed $5,000 to my kids’ RESP account. After maximizing my wife’s TFSA, I will start contributing to my RRSP.

Some of my Oaken GICs are maturing and in the process of moving them to Wealthsimple so I should have less Oaken and more Wealthsimple balance next month.

BankTypeAccountValueOwner
QuestradeRoboTFSA$90,048Mrs. Dreamer
QuestradeRoboRESP$53,482Girls A & B
TangerineHISAHISA$4035Mr. Dreamer
MeridianGICRRSP$15,149Mr. Dreamer
MeridianGICTFSA$6,701Mr. Dreamer
OakenGICLIRA$22,361Mr. Dreamer
OakenGICRRSP$21,955Mr. Dreamer
OakenGICTFSA$32,504Mr. Dreamer
WealthsimpleTradePersonal$16,718Mr. Dreamer
WealthsimpleTradeTFSA$51,125Mr. Dreamer
WealthsimpleTradeRRSP$58,045Mr. Dreamer
CryptocurrencyCryptoPersonal$79,390Mr. Dreamer
Current Status of Our Accounts

Current Investment Portfolio & a 4% MoM Liquid Net Worth Increase

It seems both Stock and Crypto markets are finally giving back some of the money they took away from my net worth in the past couple months.

My liquid net worth increased by $16,825 in March 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.
March 2022 Liquid Net Worth Increased to $437,763

Let’s look at the brightest side. I love how we were blessed to increase our liquid net worth (investments) by 27.16% Year over Year (YoY) or $93,502.

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 as it is a very long list. However, if you follow my journey on Twitter, I post whenever some interesting dividends land in my account or when I buy stocks.

https://twitter.com/AVibrantDreamer/status/1509608369564405767

My stablecoins (USDC and TCAD) and CRO investments keep generating over $500 monthly. As shown in the table below, I received $1,576.89‬ in March 2022 which is a 107% increase in comparison with my March 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$200.236$68.43$1,153.51‬
Mar 2022$541.57$212.00$823.32$1,576.89
Monthly Income Report Table

Cryptocurrency Income

I am earning Cryptocurrency and Stablecoins income from 4 main channels which are Nexo, Cake DeFi, Celsius Network, and Crypto.com. I will be having new streams in April as I am moving funds out of Crypto.com after they reduced the rates massively.

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 hold two Crypto index funds which are Metaverse Index $MVI and DeFi Index $DPI. I stake this in a pool which pays me a variable interest ranging rate.

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!

Find all my recommendations under my referral page.

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

Liquid Net Worth and Extra Income Update Summary

To summarize, I made $1400 in side hustle income in March 2022. I also had $1,576.89 income from passive 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 March 2022 extra income to $2,976.89 CAD which basically covers a lot more than our monthly expenses as a family of four.

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 2022, my total extra income was $7,334 with $4,824 of it being totally passive which is $1,224 or 34% 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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