January 2018 – Passive Income

January 2018 – Passive Income

Hey

 

Wow February already? January was a fantastic month for us. Our little girl decided to make an appearance. After going to a ultrasound they mentioned that the baby is really small and really hasn’t grown the last week or 2. So they might as well induce the wife to have her. Go get some dinner and we will do it after, exciting times. They thought she was around 6 lbs which would of put her in the intensive care nursery. Luckily she popped out 6 lbs 10 ozs. All good! Feeding like a champ and the wife’s recovering great.

I worked on the site a bit, now you got that s after the http – ( makes it more secure) and fixed the error on our credit score. (house we sold 2 years ago still showed a massive balance) Both of which were on my 2018 game plan. Now let’s get to the income!

2 Stocks decided to Boost their Dividend for me
  • Canadian Utilities Raised theirs 10.17%
  • CNR Raised theirs by 10.3%

January 2018 - Passive Income

Dividend Income

15 Companies paid us this month.

StocksJanuary 2018 Income
Totals307.44
Telus17.68
Restaurant Brands5.23
Cineplex11.20
Boardwalk Reit5.44
Altagas5.48
Sienna Senior2.40
Cisco38.57 usd
ZDY Etf8.10
Auto Property's3.62
Corus Entertainment18.62 (2 Drips)
TD Bank78.60 (One Drip)
Shaw30.03 (One Drip)
Riocan38.07 (One Drip)
Extendicare15.36 (One Drip)
Algonquin Power29.04 (2 Drips)

January 2018 Dividend Total = $307.44 (%417.40 higher yr over yr)

January 2017 Dividend Total = $59.42 (Previous Dividend Income)

Our Drips (Dividend Reinvestment Program) added $8.71 to our yearly forward dividend’s this month!

Other Income

Private Investment Payment – $500.00

 Cash Back Credit Card – $291.27

 

Total Passive Income This Month – $1098.71

Total Passive Income Increase over last year. – 255.08%




Totals For 2018

Dividends Year To Date Total – $307.44
Other Passive Income Year to date – $791.27
Total Passive Income for 2018 —– $1098.71
Year End Goal – $15,000 ——–%7.32

Last year our Total Passive Income was $6328.41. This goal seems massive but by having all our assets produce the entire year and new cash injections, hopefully we hit the target!

 

Our Net worth pulled back slightly after the tsx slid back recently.

January 2018 - Passive Income

December 2017 Purchases
  • We Bought 200 Shares of Tahoe Resources. This is a capital gain move, sadly Tahoe doesn’t currently pay a dividend.
  • We shuffled up our portfolio and sold hydro one, We added 1000 bucks and started a position in Canadian Utilities.
Conclusion

2 Months in a row we cleared over $1000 in passive income. How cool is that? Of course the credit card bonus pushed this one over. We technically got our first solar panel payment. They checked the meter 3 days after being hooked up. (when they check our meter to bill us) The panels were snow covered and brought in 55 cents in those 3 days.So we didn’t actually get money since the minimum payment is 5 bucks. Good to know everything is all setup and ready to go though! February should see our first real payment. Its crazy writing the income goal down on the page, its a massive jump. 2018 is going to be a great year!

How was your income? I Wish you all the best in 2018. May your dividends be huge and full of raises!

Cheers

Hey I’m Rob, creator of Passive Canadian Income.

In 2011 me and my wife had almost $60,000 in debt and a negative $7,000 Net Worth. Through hard work and financial education we paid all that off. Now we are focusing on increasing our Passive Income Streams to make the money work for us. Feel Free to Follow along the Journey!

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40 Responses

  1. Wow! What a month for you. Congrats again on the birth of your daughter and the passive income generated. Which credit card do you use btw? Looking if there are better options than Tangerine card that I use now.

    Best
    R2R

    • Rob says:

      Thanks again road

      We use the rbc cash back card for simplicity. No fees on the card and since we have our mortgage with them , credit card and investments all our banking service fees are eliminated. I will be looking at getting another card for the wife. What I remember last year was scotia bank offered a huge cash back card. I need to check that out. Ill let you know what i find.
      Cheers
      Rob

  2. What a spectacular month! You crushed it with that total passive income! What an amazing yoy increase also! I’ll have to follow your investments closer!

  3. Fantastic increase year over year for your dividends. Incredible! Keep it going.

  4. Fantastic increase! Where it will be in a couple of years? Keep it going!
    We also had our baby girl appearance in January. Also holding CU and CNR.

    • Rob says:

      Hey Income

      woot woot! congrats are in order! Hopefully it will be pretty high in couple years. Lets say 25k in 5 years!
      maybe ill look back at this comment in that time.
      all the best
      Rob

  5. dividendgeek says:

    Love you progress mate. Your month on month growth is amazing and you make it happen every month. Congrats!
    dividendgeek recently posted…January 2018 : Investment Portfolio StatusMy Profile

  6. Doug says:

    Awesome job over 1000.00 in passive income is great. Keep it up
    Doug recently posted…Stock giftsMy Profile

  7. Wally says:

    This is awesome Rob! My goal this year is to hit $500 a month in dividend income! Glad to see you’ve done it already!

  8. What a great month! Congrats on your new baby girl! With that wonderful event, I believe you had the best month out of all of us! That is so awesome! And congrats on the great passive income as well! 😀
    My Dividend Dynasty recently posted…January 2018 Dividend IncomeMy Profile

  9. PCI –

    Congratulations on more than just the income. Your baby looks great and healthy, so happy for you and the family. You are doing big things and the income you received was fricken awesome. Keep it up!

    -Lanny

  10. John says:

    Wow that is some serious growth! Congrats on the baby too.

  11. Congrats on your baby girl!! And awesome work on the passive income!

    Hope there’s some big, healthy growth from both in 2018!

  12. Congrats on passive income and the growth. Keep it up!!

  13. Rob, Congrats and nice job all the way around. How was the https conversion? I need to do the same. Tom
    Tom @ Dividends Diversify recently posted…Work, Save, Invest, Build Wealth, but Never RetireMy Profile

    • Rob says:

      Hey tom thanks

      As for the conversion i just utubed it. Basicly setup a free account with cloudflare and sifn up for certificate wait for 24 hours and then get a ssl plugin. It was easy i just thought it was setup before 24 hours and kept getting frusterated. 24hrs later it worked perfect! Good luck

  14. Congrats on your new born daughter! And amazing YOY increase with your dividend income, Rob! Sounds like 2018 is off to the perfect start. I haven’t posted my income for January yet, but it will definitely be an improvement over last quarter. Looking forward to your progress over the year.
    Reverse The Crush recently posted…Why the Education System should make Financial Education a PriorityMy Profile

    • Rob says:

      Hey Graham.
      Thanks, yeah definately a great start to the year. And now we get blessed with this pullback! Look forward to your income report, always love reading them!
      Cheers

  15. Congratulations on the baby! Must feel awesome to make money without even leaving her side. That’s the dream right there, build that stream so leaving her becomes a choice not a chore
    Evan @ MyJourneytoMillions recently posted…February 2018 Net Worth UpdateMy Profile

    • Rob says:

      Hey Evan

      Welcome! Thanks alot.
      You are right that is the dream. Do what I want whenever I want, give lots and leave something for the kids too!

      Cheers!

  16. Jimmy says:

    Truly amazing growth, at this rate you will be able to quit your job early then expected I bet, keep it up 🙂

    • Rob says:

      Hey Jimmy!

      Thanks man, and welcome!

      Maybe semi retirement… I can only cruise the world for soooo long before I get bored and want to go home!

  17. MrSLM says:

    WOW congrats on your baby daughter! I actually really enjoy the next few months, when they’re so tiny and sleep most of the day lol!
    MrSLM recently posted…Financial Update – January 2018My Profile

    • Rob says:

      Haha its funny you say that…. i looked forward to that and missed it with our son…. Now that shes at that stage its just changing diapers watching her sleep wife breastfeed, change more diapers etc!
      I look forward to when i can bottle feed her.
      Cheers

  18. Mark says:

    Great work Rob! 🙂
    Mark

  19. Hi, Rob. That’s some awesome progress on that chart… the YoY growth is amazing. Keep it up. Most importantly, congrats on the new addition to your family.
    I’m looking forward to reading more of your posts.
    Engineering Dividends recently posted…Monthly Options Income (Feb. 2018)My Profile

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