💵 May 2022 Liquid Net Worth 🤑 248% YoY Passive Income Growth

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.

May 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 May 31.

Passive income number is the golden number to always pay attention to!

Liquid Net Worth and Passive Income
May 2022 Passive Income (Savings Accounts & Dividends) Was $1479

Extra Side Hustle Income Report $875

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 in 2022

I might miss some stuff while reporting but here comes what I earned in May 2022 in side hustle excluding other sources like dividends and savings accounts earnings.

ServiceNotesEarned Amount
AQRUCrypto Savings Referrals$300
Brim FinancialJoin Brim Financial$200
Hodlnaut ExchangeJoin Hodlnaut, earn $25$95
Learn & Earn ITAmazon Gift Card$230
Neo FinancialGet a free Neo Credit Card, earn $50$50
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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.

Non-Chequing Accounts As of May 31, 2022

BankTypeAccountValueOwner
QuestradeRoboTFSA$90,378Mrs. Dreamer
QuestradeRoboRESP$51,067Girls A & B
TangerineHISAHISA$52Mr. Dreamer
MeridianGICRRSP$15,149Mr. Dreamer
MeridianGICTFSA$6,701Mr. Dreamer
OakenGICLIRA$22,482Mr. Dreamer
WealthsimpleTradePersonal$15,519Mr. Dreamer
WealthsimpleTradeTFSA$79,437Mr. Dreamer
WealthsimpleTradeRRSP$76,063Mr. Dreamer
CryptocurrencyCryptoPersonal$38,225Mr. Dreamer
Current Status of Our Accounts

Current Investment Portfolio & an Awful -8.62% MoM Liquid Net Worth Decline

My liquid net worth decreased by $36,736 in May 2022. I realize this is an awful decline which is just getting worse. However, we shouldn’t forget the big picture. Investments comes with its cycles. As an investor, I am happy to use the decline 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 along dollar-cost averaging is an investor’s best tools.

May 2022 Liquid Net Worth Free Fall to $389,062
May 2022 Liquid Net Worth Free Fall to $389,062

Dividends & Savings Accounts Income

MonthDividendsHISA & GIC CryptocurrencyTotal
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
Apr 2022$782.35$58.00$901.40$1,741.75
May 2022$490.06$63.00$926.00$1479.06
Monthly Income Report Table

For the dividends, I received $326.68 in my direct investments while $104.02 was received in Mrs. Dreamer’s TFSA, and $62.36 in my kids’ RESP.

Despite the meltdown in the crypto market, my tiny crypto portfolio generated $926 in passive income last month. I know what you are thinking so I won’t get into details.

Liquid Net Worth and Extra Income Update Summary

To summarize, I made $875 in side hustle income in May 2022. I also had $1,479.06 income from passive sources which brings my total May 2022 extra income to $2,354.06 CAD which covers almost all our regular monthly expenses as a family of four.

In 2022, my total extra income has been $12,571 so far with $8,046 of it being totally passive which is an average $1,609 monthly.

My passive income is 34% 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.

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