A Little About Myself

A Little About Myself

I’m a 34yr old male loving life, happily married to my better half. We have a mini me and a dog living in Ontario Canada. I’m  a Landscaper and she’s in the health care field. Our household income is probably average for a dual income family. I’m a true Maple Leaf and Blue Jays fan and a bandwagon jumper with the Raptors. They got a good team I just cant watch basketball, playing it is fun tho.

me

In march 2011 I started reading about finances and got convinced to pay off all our debts. At the time we were just over 60k in debt with minimum payments totaling approximately $1600 (not including house). We had a net worth of negative 7k. Yes you did read that right -7K…… We owned a house at that time as well. Both of us did the Dave Ramsey system and after 2 years, WE WERE DEBT FREE!

I continue to read a lot of  finance and business books. I generally read a book a month. Feel free to check out my book recommendations as I will be updating it periodically. If you have a book that you would recommend let me know and I will do my best to check it out.



Precious Metals

Between now and the time we were debt free I was really under the belief that the financial system was going to somewhat implode, as they keep printing money. So I wasn’t into the stocks yet. We bought physical precious metals monthly. I remember buying some silver the day the U.S. assassinated Osama Bin Laden. The next day precious metals plummeted. That was a eye opener and I realized as much as I liked the physical aspect of it, there was no return on investment.

Dividend Stocks

We have been buying dividend stocks for just over a year now and placing them into our tfsa. I realize the market will pull back from these highs. Do I know when? No but hopefully by buying great companies that pay a dividend we will continue getting a dividend while they recover and I can buy their stocks cheaper.

goals

(Created February 2017)

  •  To generate $2000 in passive income by December 31, 2017 – %95.87 so far
  •  To develop a passive yearly income stream of $7500 by the end of 2019
  •  By 2025 muster up 20,000 annually in dividends and other passive income
  • Create a new income stream by the end of this year. Currently only 3 – Employment income(me)(her) and Dividends. Ads and Affiliates?

4 Responses

  1. MrSLM says:

    Go Leafs! I’m from Toronto, although since I live in Montreal I should probably root for the Habs.

  2. Anuj Agarwal says:

    Hi Passive Canadian Income Team,

    My name is Anuj Agarwal. I’m Founder of Feedspot.

    I would like to personally congratulate you as your blog Passive Canadian Income has been selected by our panelist as one of the Top 15 Canadian Dividend Blogs on the web.

    https://blog.feedspot.com/canadian_dividend_blogs/

    I personally give you a high-five and want to thank you for your contribution to this world. This is the most comprehensive list of Top 15 Canadian Dividend Blogs on the internet and I’m honored to have you as part of this!

    Also, you have the honor of displaying the badge on your blog.

    Best,
    Anuj

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