5 Passive Income Sources – December 2019

5 Passive Income Sources – December 2019

2020!

A new year, a new decade. This is it – The roaring 20’s. Woot! Woot!

December flew by. Lots of good times and new experiences.

  • We shut down the business for the season and I really don’t want to do snow anymore. I found a sweet gig renovating hotels for the winter. Wallpapering is something I have never done before, but I learn fast and always appreciate a new skill. It’s been going great. I have taken the last 2 winters off to be with our kids but it gets to me. Retirement is not for me at this stage of the game. I really do enjoy working and that “tired” feeling at night.

Fun Times….

  • Surprised the kid’s and took them to Great Wolf Lodge for the night. This is the third time for our son but 1st for our daughter. They loved it, we loved it as well. The lil man did every slide with me that he was tall enough for after some convincing, which was awesome. I finally tackled the wolf tail -absolutely incredible, the drop is real. Since there is never a line (or a long one) I actually did 2-3 more rounds. The last couple times we went there I chickened out. haha
  • Christmas was fun and not to hectic this year as parties were actually spread out pretty well. Kids got spoiled and we have been building lego ever since. I ate a tonne and probably gained a couple lbs, maybe this will be a 2020 goal.
  • Our cousin didn’t want to go the leaf game and called me up and asked if I wanted the tickets. Row 12….. Of Course! Me and the Wife Tossed on our leaf jersey’s and went to the game on the 28th. Lost, but came back yet again to force ot. Was a good game and the wife always looks fantastic in a leaf jersey!

Life continues to be great, cupcakes and rainbow’s kinda stuff. haha

Raises or Cuts

3 Raises to cap off the year. My biggest holding with a 9.8% raise, oh yeah……..

  • Enbridge came through as stated, raising their dividend 9.8%. This raise put a nice smile on my face and added $64.22 to our forward income.
  • Bank of Montreal raised theirs for the 2nd time this year, this time 2.9%. This added a whopping $2.09 to that income.
  • National Bank continues to be killing it and tossed us another raise as well. Their recent 4.4% raise added $4.32 to those yearly totals.

In total these 3 raises boosted that income by $70.63 – I like it a lot….

Total Added Income from Dividend Raises in 2019 – $‭274.08




July 2019 Passive Income

Dividend Income

11 Companies paid us this month.

StocksDec 2018 IncomeDecember 2019 Income
Totals624.5615.95
IBM28.2629.16 usd
3M017.28 usd
Russell Metals17.48sold
Altagas5.482.40
Sienna Senior2.45sold
Highliner Foods21.75sold
Canadian National Railway28.2133.33
ZDY Etf7.67sold
Corus Entertainment13.32 (3 Drip's)sold
Shaw31.01 (One Drip)sold
Extendicare17.00 (2 Drip's)17.92 (2 Drips)
Inter Pipeline7.9828.64 (1 Drip)
Riocan40.20 (One Drip)29.64 (1 Drip)
Canadian Utilities75.51 (2 Drip's)84.54 (2 Drip's)
Brookfield Renewable89.29 (2 Drip's)98.55 (1 Drip)
Brookfield Property Partners0111.39 (4 Drips)
Enbridge238.89 (4 Drip's)163.10 (2 Drips)

13 stocks Dripped in December.

December 2019 Dividend Total = $615.95 10 bucks less than last year…

December 2018 Dividend Total = $624.50 (Previous Dividend Income)

Our Drips (Dividend Reinvestment Program) added $21.31 to our yearly forward dividend’s this month.

Well another one of these quarter ending month’s that is negative. The sales month’s. Hopefully I’ll surpass this in March…..

Trailing 12 Month Return

I will continue to include our trailing 12 month returns moving forward. It went up quite a bit since last month. But still our rrsp is actually the account holding this back, which is surprising to me.

Here’s the return of each account

  • Tfsa 1 – 32.49%
  • Tfsa 2 – 23.50%
  • Resp – 19.66%
  • Rrsp – 18.59%

Overall the 23.59% is pretty good though and again I don’t know if that includes the dividend yield there or not. If not add another 4% and change.

The s&p 500 returned 24.18%, so if we add in dividend’s we beat it overall. Either way 2020 was a good year.

 


Other Income

Private Investment Payment – $500.00

Nothing new here, just our regular monthly payment. (I don’t even have to edit this part every month) Steady Eddy…….


Solar Income

In November (We always get paid a month later) our solar panel system generated 223 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $64.22 into our chequing account this month.

Last December we received $39.74. So more money this year, kinda surprising because last year and this one we got dumped in snow mid November.

Total Income for 2019 so far – $2,453.45

System Installed January 2018

Total System Cost ——–$32,396.46

Total Income Received ——–$4,969.41

_____________________________________________

Amount to Break even —- $–27,427.05





Google Adsense

This month we received a payment from Google Adsense – $113.92. Sweet!


Amazon Associates

Thanks to some of you buying something through one of our affiliate links, Amazon deposited a whopping $10.50. Oh Yeah!


5 Passive Income Sources

Total December 2019 Passive Income – $‭1,304.59

December 2018 Passive Income – $1,176.34

Total Passive Income Increase over last year. – 10.90%

5 different passive income sources, Very nice! While the dividend’s were down the variety of our passive income sources actually bumped things up to gain almost 11% year over year. Gotta love it.

5 Passive Income Sources

Totals For 2019

Dividends Year To Date Total – $5,750.10
Other Passive Income Year to date – $‭9,172.45
Total Passive Income for 2019 —– $14,922.55
Year End Goal – $15,500 ——– %96.27

While we didn’t hit our goal, looking at $15,000 in passive income is pretty dam neat.

Purchases

 

December 2019 Purchases

This month we maxed our resp account by adding 22 shares of Bell Canada.

This purchase added $69.74 to our forward income.

Goals Update
  • I want to read 10 books this year. Finished about half of the intelligent investor but my daughter must of launched the book and bookmark, completely losing the page. arg!  I started reading You are a badass at making money. Pretty good and almost done it already. So id say 7/10. While I didn’t hit the goal I’m happy to have read 7 books. I need to read more in the bedroom alone away from distractions.
  • Get A Will – DONE. You can read about that here.
  • Picked up some Garbage – This year we grabbed garbage while walking the dog and whatnot but never drove to a beach for just this reason. I wanted to do that, but failed.
  • Charities – Continued our monthly $50 donation to The Nature Conservancy of Canada. As I mentioned earlier, I did movember again. Contributed 100 bucks but raised 270$ – I’m really happy with this category and plan to increase it in 2020.
  • Increase Dividends by $1,100 this year. With New Purchases, Drips and Dividend Raises this month we added $161.68 to our dividend Portfolio. Overall we added $955.43 to our forward income this year. We would of cleared the goal but lost almost 450 in income from the sales for the car this year.
  • Reduce Screen Time before BedFail….. Get off that dam phone man! FAIL in 2019!
Conclusion

I tend to always reflect on how the previous year was at the end of the year, but I recently read a article on Boomer and Echo by Robb. He looked back on the previous 10 years. It was a pretty cool post – check it out here.

If you think about how much growth you have achieved in your last 10 years, its pretty amazing. We have seen a tonne over here on our side of the fence.

  • Bought a townhouse
  • Started learning about money.
  • Got Married
  • Had our son
  • Eliminated all our debt (other than mortgage)
  • Bought our dream home
  • Had our daughter
  • Went from 2 sources of Income to 6.
  • $0 Passive income at the start to now generating almost 15k per year from 5 different passive income sources.
  • Increased our net worth by over $500,000 in these 10 years.

I think these next 10 years will bring in even more milestones, memories and even more income streams. (A Rental unit?)

I wish you all nothing but the best in 2020. Hopefully this a generation that the future can look back on and say, that’s when the world changed. We started caring for the planet, planted more forests, products started to contain less packaging, (or a biodegradable one) we started taking on being green more seriously, cleaned the ocean’s, improved sanitation and the world started to work as a whole to make this place we call home a even better place to live.

Here’s hoping, cheers!

How did you do in 2019? Looking back the last 10 years, what have been some key growth points for you?

 

 

24 Responses

  1. Congrats the impressive year and receiving money from all those income sources.

    In 2019, I paid around $3800 on my debt. The dividend income is a lot more stable with additions of bank stocks .
    Investing Pursuits recently posted…Dividend Income Update : December 2019My Profile

    • Rob says:

      hey Pursuit
      Thanks man. Love that you paid that debt down more and built a more stable portfolio! I may add to the banks and possibly switch things up in the coming month’s.

      cheers

  2. Brian says:

    That’s a pretty impressive 10 years, well done Rob! 500k increase in net worth is something to be proud of.

    All the best in 2020

    Brian
    Brian recently posted…Money While You Sleep 2019 December EditionMy Profile

    • Rob says:

      Thanks Brian

      For sure, Its crazy to think how that 500k improvement only took 10 years, should be less than 10 to hit millionaire status then!
      cheers man

  3. Happy New Year! You had an eventful and amazing decade! Congrats on all your successes! 5 sources of passive income is very impressive! It has been a pleasure to follow your journey here! Looking forward to seeing what 2020 has in store! 🙂
    My Dividend Dynasty recently posted…December 2019 Dividend IncomeMy Profile

  4. P2035 says:

    Nice one Rob. Love the 10y overview 🙂 So solar has a 7,5% return + satisfaction of making your own electricity. And 15k$ is amazing with nearlly 6k$ from dividends. Im stuck at first 1k$ for few years now 🙁 But have some cash, maybe a good buyong opurtunity will show up any time soon as it is noncence when you can buy JNJ or PG for P/E close to 30x and dividend yield of just 2,5%… and im not talking about MSFT P/E>30 dividend <1,5%.
    P2035 recently posted…Y2020 GoalsMy Profile

    • Rob says:

      hey p

      Thanks, I really do enjoy having multiple streams.

      1k is still good. The snowball grows faster than $500. Got to just keep building it up.

      jnj is not a steal but it’s not that bad at this price. In the healthcare space why not look at abbv or Pfizer? I’m debating pfizer.

      3m is a decent value for a king too.

      I’d love to own Microsoft but agree it needs to drop a little more as well.

      Stuffs hard to time though. I do really believe in time in the market vs timing it.

      I set a target price of 130 for microsoft when it was at 135 and here we are. In hindsight maybe I should of just bought it. Same with jnj.

      Ahhh well what can u do right?

      cheers p!

  5. German says:

    Hey Rob! Overall, great progress over the year and a decade. I can relate a lot to your progress as I’ve achieved similar things in life. In the past 10 years, we bought our first property, had two kids and increased net worth by 500K. I guess we’re in the right direction.

    Hotels renovations sounds like a sweet gig! It’s certainly better than just sitting at home. It would be not fair for your wife to work and you just relax at home… haha. You can comfortably to renovations inside, instead of doing a snow removal in the middle of the night in frigid cold weather.

    As for passive income growth! No comments there. Persistence and dedication will yield results. You’re a living proof that everything is possible.

    Cheers to 2020 and to the next decade!!!

    • Rob says:

      hey German

      Congrats to you as well then!

      As for the job if the wife had it her way I wouldn’t work. She definitely prefers me at home. Its easier with the kids, the house is clean, laundry is done and dinners on the table for her. No question though, I feel 100% better working. Things may be more hectic at home though. haha!

      The growth was a little slower this year, but its all good. This year maybe Ill get a little more serious about saving but wont be nickle and diming.

      cheers German!

  6. Very happy for you and those results! You’ll be knocking down even bigger milestones in the next 10 years for sure 🙂
    DGX Capital recently posted…Is Social Media causing Depression?My Profile

  7. Divcome says:

    That’s AWESOME! What a great end to the year. Your diverse sources of passive income never ceases to amaze – keep at it in these roaring ‘20s 🙂

    Like the payments from those Brookfield companies, have heard of them a little before but I’ll have to check them out.

    Regards-
    Divcome
    Divcome recently posted…December 2019 Dividend Income & Recent BuysMy Profile

    • Rob says:

      hey Div

      thanks, other than the negative dividend growth rate last month things in 2019 were pretty dam good.2020 looks promising.
      Gotta love those brookfield companies =)

      cheers

  8. Just found your blog and love the annual update. I have often thought about installing solar but have never seen anyone’s actual numbers so thank you for including that as one of your passive income sources.
    Maria @ Handful of Thoughts recently posted…Year-End 2019 RecapMy Profile

    • Rob says:

      hey Maria

      That’s wonderful, thanks and welcome.

      Solar is fantastic, but of course here in Canada it’s not so ideal in the winter. If you live in a warmer climate, the returns should be higher as they wont be covered in snow.

      Best of luck
      cheers

  9. Chris says:

    Congrats on a good year. I’ve been reading your site for over a year now, lots of good info, keep it up.

    One question about your income sources, how come you don’t include interest from savings accounts? Surely you have a savings account or two that earn interest each month. That would be another source of passive income.

    Chris
    Chris recently posted…2019 RecapMy Profile

    • Rob says:

      hey Chris

      thanks for commenting and glad you enjoy the site.

      I keep a small amount of cash basically just to keep our banking free. It earns a little interest but very minor.

      If a emergency happened I’d just stop the drip to pay for it or use our other passive income sources, so we don’t really keep a big cash fund.

      cheers Chris!

  10. Hi Rob
    Almost USD 15´000 from five Passive Income Sources is just awesome and a fantatic platform for future growth!
    We hit USD 14ˋ000 in Passive Income combined from our Stock Portfolio and P2P/crowdlending Portfolio. We are currently working hard on setting up a real estate Portfolio. It Takes time, a lot of time. But it also is a lot of fun and is a wonderful learning process.
    Keep ist up and all the best.
    Financial Shaper recently posted…2019 Passive Income Review and OutlookMy Profile

    • Rob says:

      hey Shape

      Thanks a lot, unfortunately its Canadian and not usd… insert debbie downer here… womp womp
      Love it 14k is really impressive as well, and love the variety of sources. Ill start with p2p lender eventually but would love to have some rentals as well. Housing here is just nuts, I’m waiting for a pullback. This may be the same as timing the stock market though… should just buy now. One day.

      keep it up your killing it, look forward to hearing about your real estate adventures.
      cheers!

  11. Now that is an action packed 2019 right there Rob. When you write it all like that, isn’t it insane to see all that you were able to accomplish. Your dividend income remains strong. You know I always love reading about your solar income as well. It just blows my mind that you receive this income and I wish it were available to me. Let’s call it what it is, its really just jealousy haha

    Bert
    Dividend Diplomats recently posted…Lanny’s Dividend Stock Purchase Activity – December 2019My Profile

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