July 2019 Passive Income Totals
July 2019 Passive Income Totals
Hey Hey Hey
Man, Am I ever enjoying this summer! I really hope you are as well.
Its crazy that we are a couple days into August already. July was an extremely busy month. We took advantage of the weather and went camping/cottaging/glamping a lot. All together we were away 15 days this month in 4 weekends.
- We went to Macgregor point for the Canada day long weekend
- A neighbors cottage for 4 days after that.
- Some campground in Goderich with my entire family for about 5 days.
- Just Came back from the koa in Michigan with the wife’s cousins and our kids.
It has been a fantastic month to say the least, but I’m happy to say we have no plans as of right now to go away this month. I’m really looking forward to just vegging poolside around here, kicking the ball around and tossing some Frisbee.
We did a little shopping in Michigan and I seriously noticed how dead the mall was….. Half the stores weren’t even there. I asked an employee if it’s normally like that and she mentioned its a little busier at the moment because of back to school.
Now I can some what understand the market hating Brookfield Property Partners buying all those malls… It seems like its dying there, Canada’s malls are still pretty occupied and busy.
The Koa in Michigan is one of the biggest koa’s out there. It was pretty impressive, but also a whole different kind of camping/cottaging. We had about 5 mini cottages and had our own little crescent. The park felt like a city to me essentially, street lights, plaza’s and really busy roads. (from golf carts) You could even get pizza delivered to your site! Crazy… haha
All this time off with family and friend’s really makes me feel like we are living the dream…………… It’s Fantastic!
Raises or Cuts
Nothing happened in this category this time, which is a nice improvement over last yr when corus cut their dividend.
Total Added Income from Dividend Raises so far in 2019 – $161.75
14 Companies paid us this month.
|Stocks||July 2018 Income||July 2019 Income|
|Shaw||30.51 (One Drip)||sold|
|Corus Entertainment||19.86 (3 Drips)||sold|
|Cisco||43.89 (One Drip)||46.90|
|Telus||47.78 (One Drip)||53.44 (One Drip)|
|Transcontinental||0||24.86 (One Drip)|
|TD Bank||89.11 (One Drip)||90.28 (One Drip)|
|Bank Of Nova Scotia||10.66||82.65 (One Drip)|
|Dream Global Reit||0||20.67 (One Drip)|
|Interpipeline||0||27.93 (One Drip)|
|Riocan||39.60 (One Drip)||29.04 (One Drip)|
|Extendicare||16.60 (2 Drips)||17.56 (2 Drips)|
|Algonquin Power||34.24 (2 Drips)||38.78 (2 Drips)|
11 Drips this month. Always love those double digits!
July 2019 Dividend Total = $496.40 19.04% growth rate
July 2018 Dividend Total = $416.99 (Previous Dividend Income)
Our Drips (Dividend Reinvestment Program) added $15.60 to our yearly forward dividend’s this month.
A 19% growth rate, Sweet! Making more money, while working less. This is what it is all about. The 500 dollar mark is oh so close, but with this months newest purchase it will be a old target.
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…….
In June (We always get paid a month later) our solar panel system generated 1,373 kWh. Since we bring in a fixed rate of 28.8 cents per kilowatt hour, Hydro One deposited $395.42 into our chequing account this month.
Mmmmmm so satisfying. I love seeing these totals. Almost $400 getting deposited while I lay there on my hammock, Who wouldn’t like that?
Total Income for 2019 so far – $1318.45
System Installed January 2018
Total System Cost ——–$32,396.46
Total Income Received ——–$3,834.41
Amount to Break even —- $-28,562.05
Total July 2019 Passive Income – $1391.82
Total Passive Income Increase over last year. – $49.90
Not a massive Gain, but last year I got paid from Amazon and solar was 15 bucks higher. With all those sales though, I’m pretty happy with that.
Totals For 2019
Dividends Year To Date Total – $3,341.78
Other Passive Income Year to date – $5,384.61
Total Passive Income for 2019 —– $8,726.39
Year End Goal – $15,500 ——– %56.29
June 2019 Purchases
We continued to bulk up our newest position in our resp account, by adding 22 more shares of Bell Canada this month.
- I want to read 10 books this year. I finished reading The Richest Man In Babylon this Month and am halfway done reading Neil Pasricha’s Book – The Happiness Equation. Both books are great but the richest man in Babylon has just became my favorite finance book. Go Read it! 4/10 all yr.
- Get A Will – DONE. You can read about that here.
- Picked up some Garbage – Nothing special, saw some garbage and threw it out.
- Charities – Committed to donating $50 a month to The Nature Conservancy of Canada. In a year will either contribute more or let my wife pick a charity she feels strongly about. (It comes out every month – set it and forget it)
- Increase Dividends by $1,100 this year. With New Purchases, Drips and Dividend Raises this month we added $85.34 to our dividend Portfolio. So far in 2019 we have added $691.60 (%62.87 of our goal.) (Lost $446.94 on sale for car, but want to keep this separate)
- Reduce Screen Time before Bed – This was easy this month, spent time in front of the fire most of the month =)
A fantastic month both on the recreation front and financial front. Clearly our incomes (from our jobs) took a little beat down last month with all that time off, but summer is short. Go out and enjoy it.
The U.S market has been dropping and the noise is getting louder again. Don’t freak out, keep your game plan tight. I’ll continue my monthly purchases and enjoy these lower prices.
Also that sun is cooking out there – Lather up that sunscreen. Safety Begins With You!
How was your month? What Have You Been Buying or Doing?
Wish you all the best, Cheers! That concludes our July 2019 Passive Income Report.
“Yesterday I was clever, so I wanted to change the world. Today I am wise, so I am changing Myself”
– Jalaluddin Mevlana Rumi
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.