October 2018 – Passive Income
October 2018 – Passive Income
Happy Halloween and welcome to our October 2018 – Passive Income Report.
Pouring outside right now, but should clear up by around 3pm. Perfect for trick or treating! I think our son will all the sudden become allergic to peanut butter tonight, so I can eat all his peanut butter cups… Om nom nom
October was a great month but didn’t do anything exciting. Did some nice landscaping around the house though and started our front entrance by replacing a rotted post and creating 2 seating walls (with lights in them) along the front entrance. Guess November will be all about cleaning up those leaves. I normally get about 50 bags… lol
On to the Income…..
Raises or Cuts
No raises or cuts this month
12 Companies paid us this month.
|Stocks||October 2017 Income||October 2018 Income|
|Bank Of Nova Scotia||0||22.10|
|Telus||17.24||48.30 (One Drip)|
|TD Bank||70.80||89.78 (One Drip)|
|Extendicare||15.24||16.84 (2 Drips)|
|Algonquin Power||0||34.24 (2 Drips)|
8 Drips this month. Not bad….
October 2018 Dividend Total = $368.45 (%23.03 higher yr over yr)
October 2017 Dividend Total =$299.54 (Previous Dividend Income)
Our Drips (Dividend Reinvestment Program) added $9.39 to our yearly forward dividend’s this month.
What happened? Last quarter I was over $400…Arg. Well this is because of a couple things.
- Disney pays its dividend twice a year vs quarterly. – A loss of $16.80
- Corus Entertainment switched its dividend from monthly to quarterly. A loss of $19.86
- Sold our position in Nutrien to buy a car. A loss of $30.55
Private Investment Payment – $500.00
Amazon Affiliate – $17.48
Thanks to everyone who used one of my amazon affiliate links to buy something off amazon. Remember it doesn’t matter if you don’t buy the product I’m promoting. The affiliate gets credit for anything that gets bought from their link within 24 hrs (if I remember correctly)
My monthly solar income posts will now be included on here for simplicity.
Not even one 50kwh day last month…..
In September our solar panel system generated 844 kWh since we get paid a fixed rate of 28.8 cents per kilowatt hour Hydro One deposited $243.07 into our chequing account this month.
System Installed January 2018
Total System Cost ——–$32,396.46
Total Income Received ——–$2353.53
Amount to Breakeven —- $30,042.93
Total October 2018 – Passive Income – $1129.00
Total Passive Income Increase over last year. – 41.20%
Totals For 2018
Dividends Year To Date Total – $4159.22
Other Passive Income Year to date – $7782.34
Total Passive Income for 2018 —– $11941.56
Year End Goal – $15,000 ——–%79.61
August 2018 Purchases
Another pretty good month. Unfortunately we see the dip in dividends from the payment changes and recent sale.. Womp! Its a long term game, so I’ll be back to those levels soon enough. I really feel that the first month of the quarter has so many stocks I want to buy lately, so maybe soon enough it will be at par with the quarter ending months.
The solar income is clearly starting to dwindle. Funny most of the trees around the property have dropped but the maple that’s blocking the panels has barely even started…… Haha.
For the 2nd month in a row the website has continued to put some change in our pocket. Thanks a lot for dealing with the ads as well as using the amazon links.
The amount of traffic to the website continues to increase, but the overall comments tend to be dropping. Any suggestions?
Well that’s it for our October 2018 – Passive Income Update. As always thanks to everyone in the community for keeping me grinding and trying to constantly improve. I wouldn’t have this kind of income without you. Seriously! I started reading some of your blogs before I even started investing. You guys schooled me and showed me the way. I wanted to be like you and start generating money for doing nothing.
Have a great Halloween, may your kids pillowcases be as fat as your dividends! Haha..
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 by clicking the Social Media links below or subscribing to get notified of new posts on the sidebar.