March 2019 Passive Income Update
March 2019 Passive Income Update
Its April! One of my favorite month’s. Spring is here, crack opens those windows and let the fresh air in. Charge those power wheel batteries and pick up all that dog sh!t around the yard.
March was another great month. I turned 36 and went to a burger joint with the wife. (I have been wanting to go to for awhile) The food was fantastic and it was nice to be kid free for awhile. The next day cracked some beers with some friend’s. Good times!
The weather has been nice and my wife got me a hammock (with stand) for my birthday this yr. I plan on using it a lot and hopefully focus on reading books more. Of course I set it up Friday and bam, we get dumped with snow Saturday…. Its warm so it will melt soon.
This month I also got quite a bit of projects done around the house, a new front door, Painted and reorganized our bedroom and even got some spring fertilizer on the lawn before this dam snow.
Unfortunately our 2006 honda civic decided that this was going to be its last weekend around. While driving, I all the sudden had performance exhaust. Yup the muffler rusted right off. Arg! I needed new front struts, new summer tires and now this muffler so roughly 2k. The car has 350k on it and has treated us well, but we both felt its time for it to retire.
I’ll have to sell some more stocks to fund this purchase which sucks, but that’s what the money is there for. 2 new cars in less than a year? Dam! Well this is life, at least moving forward we will have 2 reliable good cars.
kinda depressing, but let’s get to the March 2019 Passive Income Update.
Raises or Cuts
- 0 Raises or cuts this month for us.
Total Added Income from Dividend Raises so far in 2019 – $131.54
15 Companies paid us this month.
|Stocks||March 2018 Income||March 2019 Income|
|IBM||27.00 usd||28.26 usd|
|Canadian National Railway||16.38||33.33|
|Richie Bros Auctions||32.70||sold|
|Corus Entertainment||18.81 (2 Drip's)||sold|
|Canadian Utility's||60.17 (One Drip)||82.00 (2 Drip's)|
|Inter Pipeline||0||27.36 (1 Drip)|
|Brookfield Renewable||65.90 (One Drip)||94.27 (2 Drips)|
|Brookfield Property Partners||0||88.65 (3 Drips)|
|Dream Global Reit||0||20.40 (1 Drip)|
|Riocan||39.12 (One Drip)||28.56 (1 Drip)|
|Extendicare||16.36 (One Drip)||17.24 (2 Drips)|
|Enbridge||230.82 (4 Drip's)||157.93 (2 Drip's)|
|Shaw||30.12 (One Drip)||31.30 (1 Drip)|
15 Drips this month. Oh yeah, these month’s always throw down a decent drip.
March 2019 Dividend Total = $653.38(%8.78 higher yr over yr)
March 2018 Dividend Total = $600.64 (Previous Dividend Income)
Our Drips (Dividend Reinvestment Program) added $23.45 to our yearly forward dividend’s this month.
Well I knew this month would be interesting after I sold off a bunch of our Enbridge position, to lower our exposure to them. 8.7% growth ain’t bad, but isn’t great either.
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 February our solar panel system generated 264 kWh. Since we get paid a fixed rate of 28.8 cents per kilowatt hour Hydro One deposited $76.03 into our chequing account this month. Womp Womp… This is actually 10 dollars lower than last year at this time, but that’s weather… Total Income for 2019 so far – 205.91
System Installed January 2018
Total System Cost ——–$32,396.46
Total Income Received ——–$2,721.87
Amount to Breakeven —- $29,674.59
This site has ads on it and google adsense paid us 100.63 this month. ($100 is the minimum payout rate, so this is a couple month’s)
I recently moved the website over to siteground from my previous host, and love it here. The site runs way faster and the service is fantastic.
Divy Dad asked for an affiliate link to Siteground as he moved his site there as well and I got paid $50 u.s or 65.06 Canadian for the referral. Thanks again D.D!
If your interested in creating or moving your site over to there feel free to use my affiliate link, I appreciate the support.
*Note – I get paid a small fee for referring you, if you sign up through my affiliate link*
Total March – Passive Income – $1395.10
Total Passive Income Increase over last year. – 17.52%
A pretty solid growth rate overall. Obviously the adsense and siteground thing really helped propel this month. 5 Sources this month, our March 2019 Passive Income Update was pretty decent.
Totals For 2019
Dividends Year To Date Total – $1429.19
Other Passive Income Year to date – $2260.52
Total Passive Income for 2019 —– $3689.71
Year End Goal – $15,500 ——–%23.80
March 2019 Purchases/ Sales
After really looking into the future and seeing the power of dividend increases. We decided to sell off our positions in both Sienna Senior and Highliner. They aren’t really dividend growth stocks and I really feel like highliner is going to throw down a cut next quarter. We used those proceeds and new cash to buy 43 shares of bns, which will now enable a drip moving forward.
- I want to read 10 books this year. Still have been slacking this month. 0 books read in March 1/10 all yr.
- Get A Will – DONE. You can read about that here.
- Picked up some Garbage – Grabbed some while hiking or walking dog.
- Charities – Nothing concrete on this area either
- Increase Dividends by $1,100 this year. With New Purchases, Drips and Dividend Raises this month we added $60.29 to our dividend Portfolio. So far in 2019 we have added $372.11. %33.82 of our goal.
- Reduce Screen Time before Bed – Failed big time!
Seeing the total passive income for the month, really brightens my day. We spent a bunch of extra money this month on house improvements and things that needed to be done. (Our front door barely opened and closed since we bought the place 3 yrs ago)
While I felt pumped to finally get that BNS position dripping and moving forward. Here we are today deciding which stocks to sell to help pay for the new car. (Just under 12k) Pretty frustrating having to replace them both within the last half year.
On the other side of things, we are lucky to be in this position to just pay “cash” for it. It will also be a nice upgrade to drive around in…………. Sometimes I wonder if city living would be better than country living? Screw cars! haha.
It’s a small hiccup in the big picture of things. Life’s still good.
How was your month?
Wish you all the best, Cheers!
Just In Case… no one has told you today. You are amazing! Have a really great day.
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.