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%

Dividend Income

15 Companies paid us this month.

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.

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

Rob

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.