- 2 Dividend Raises
- 5 sources of passive Revenue
- $1,024.93 from dividends
- 19 shares/items dripped in December
What a begin of the 12 months eh?
Markets going up down, up down, up down! There may be some shares on the market at higher costs than at the beginning of the month for certain. Is it value dipping into tech in the mean time or will it fall extra? Microsoft and texas devices posted some nice outcomes.
All we are able to do is keep on with the plan and proceed constructing our dividend revenue portfolio month-to-month. The proof is within the pudding, this report set 2 new data. Let’s Go!
This has been one of many quietest months we’ve got had in awhile.
- Ontario introduced one other lock down at the beginning of month for half the month after which prolonged it longer as soon as once more… Anybody sick of those lock downs but? Their killing me.
- As soon as we heard of the lock downs we obtained day passes to one of many massive indoor water parks with the youngsters, that was enjoyable.
- Our Daughter turned 4 this month, we had a pair children over
- Our family obtained covid. My 4 yr was barely phased by it, then I obtained it and was completely rocked for twenty-four hours after which was high quality. (the muscle aches have been the worst) Proper when issues have been about to go to regular the spouse examined optimistic. She solely obtained a headache and dry coughs. Our 8 yr outdated son didn’t get it. (Him and my daughter are unvaxxed, me and the spouse are 2 photographs in.)
- Between covid and lock downs my son hasn’t went to highschool since mid December, I can’t look ahead to him to get again on Monday.
- The ice rink within the yard is all good, its been freezing chilly right here. Now we have been utilizing it fairly constantly and our son has improved his skating and capturing by leaps and bounds already.
- Ottawa is presently having one of many largest Canadian protests in historical past. Individuals need their lives again. 2-3 years of this now. 1 jab,2 jab,3 jab, 4 and but highest case counts we’ve got ever had. Large psychological well being points, companies shutting down, children not at school, can’t see household and mates, governments with report deficits and a rustic divided greater than I’ve ever seen in my life. It’s protected to say the governments failed the individuals.. I help the truckers and all of the individuals who got here out to help alongside the bridges as they drove throughout Canada to fulfill in Ottawa. (I don’t help defacing statues, or racist flags/hateful flags)
Alright, Let’s Get To Our January 2022 Passive Revenue
Raises or Cuts
- Canadian Utility’s got here by with a tiny 1% increase. This now brings them to king standing. Canada’s first king. This increase provides $3.83 to our ahead revenue.
- CNR shocked us with a monster 19.1% increase. This was far more than I used to be anticipating, so positively made our day. This increase provides $45.12 to their ahead dividend revenue.
Whole Added Revenue from Dividend Raises in 2022 – $48.95
After getting that tiny increase from Canadian Utility’s as soon as once more. I made a decision to dump our place. The plan is to maneuver it into Fortis and I used to be planning on doing it final wk as soon as the financial institution of Canada raised their rates of interest. They didn’t…… Ailing be shopping for fortis earlier than their ex dividend date with some extra new capital as effectively.
CNR proved why they’re my favorite dividend progress inventory. Low beginning yield however enormous dividend progress and a large moat inventory that wont be going wherever..
January 2022 Dividend Revenue
12 Corporations paid us this month.
|Shares||January 2021 Revenue||January 2022 Revenue|
|TRANSCONTINENTAL||27.00 (1 Drip)||bought|
|Riocan||31.80 (1 Drip)||bought|
|Extendicare||19.28 (3 Drips)||bought|
|Cisco||49.32 (1 Drip)||51.06|
|Financial institution of Nova Scotia||90.90 (1 Drip)||105.00 (1 Drip)|
|Telus||79.04 (3 Drips)||87.09 (2 Drips)|
|Bell Canada||74.93 (1 Drip)||140.88 (2 Drips)|
|TD Financial institution||101.12 (1 Drip)||117.48 (1 Drip)|
|TC Power||57.51 (1 Drip)||117.45 (1 Drip)|
|Xaw ETF||32.03 (1 Drip)||90.09 (2 Drips)|
|Rit ETF||31.66 (1 Drip)||66.35 (3 Drips)|
|Sensible Centres||25.75 (1 Drip)||33.45 (1 Drip)|
|Algonquin Energy||66.12 (3 Drips)||113.02 (6 Drips)|
19 shares Dripped in January
A 28.69% progress charge 12 months over 12 months. Love seeing 5 completely different positions now paying us over $100 in these quarters. Large leap from Xaw etf. That’s a fund I put roughly 250 bucks in a month, slowly however certainly. This was our first month ever surpassing the $1,000 mark. Boy oh boy does it ever really feel nice!
In case your try our Earlier Dividend Revenue Stories.
Our Drips (Dividend Reinvestment Program) added $31.73 to our yearly ahead dividend’s this month
Non-public Funding Cost – $500.00
Nothing new right here, simply our common month-to-month fee. (I don’t even must edit this half each month) Regular Eddy…….
Photo voltaic Panel Revenue
In December (We all the time receives a commission a month later) our photo voltaic panel system generated 144 kWh. Since we herald a set charge of 28.8 cents per kilowatt hour, Hydro One deposited $36.33 into our chequing account this month.
Final December the system generated $37.44 so we’re a bit of below, however the 12 months earlier than we obtained 36 bucks. Appears to be tremendous constant for these months.
Whole Revenue for 2022 – $36.33
System Put in January 2018
Whole System Price ——–$32,396.46
Whole Revenue Acquired ——–$9,913.57
Quantity to Break even —- $-22,482.89
Cashback Credit score Card
Yearly in January we get cash from utilizing our cashback Bank card the earlier 12 months. We all the time pay our balances off, so that is bonus cash. In January we acquired $576.37. Candy!
Google tossed us a pair bucks for the adverts on the location. I’ve lowered them considerably and should finally take away all of them collectively. Time will inform.
We acquired $119.81
Whole January 2022 Passive Revenue – $2,257.44
January 2021 Passive Revenue – $1,749.28
A $508.16 distinction in comparison with 2021. We didn’t get ad-sense final January in order that’s a pleasant distinction however clearly there was some good progress in these months 12 months over 12 months.
This was the primary month we surpassed 2k in passive revenue. 6 years in the past we began this Journey making a pair bucks a month. My aim in 2016 was to herald $20,000 a 12 months passive revenue by 2025. Clearly we are going to fly by that. Hold your eye on the prize and make saving a precedence, compounding actually does pace issues up!
Totals For 2022
Dividends 12 months To Date Whole – $1,024.93
Different Passive Revenue 12 months to this point – $1,232.51
Whole Passive Revenue for 2021 —– $2,257.44
12 months Finish Aim – $25,000
The aim for 2022 is to herald $25,000 in passive revenue and have a ahead passive revenue of $30,000 by the tip of 2022. Let’s Go!
January 2022 Purchases
We continued to develop our Suncor place. I believe the oil and fuel area will proceed to have one other nice 12 months. Gasoline costs right here at present are 1.51 per litre.. Arg!
We purchased an extra 140 shares of suncor. This places our suncor place to five% of our portfolio, so its a full place in the mean time.
This buy added $235.20 to our ahead revenue.
We bought our place in Canadian Utilitys after their tiny increase as soon as once more. I might be changing that place with fortis which has an identical dividend progress streak however usually raises their dividend 6% a 12 months.
Monetary Targets Replace
Improve Dividends by $6,990.09 this 12 months. (bringing our ahead revenue from dividends to $14,936.65 a 12 months)
The aim for 2022 is to have a ahead passive revenue of 30 thousand by the tip of the 12 months. I plan on doing this by refinancing our home and benefiting from these low rates of interest. I need to max out some accounts and let compounding do their magic. Its a giant aim and can nearly double our present dividend revenue.
- With New Purchases, Drips, and Dividend Raises we continued to develop the scale of our dividend Portfolio. Whole elevated to date in 2022 is $315.88
Our home simply obtained appraised so now we look ahead to the paperwork to get compiled and hopefully signal a dotted line by the tip of the week.
Etf Month-to-month Minimal Buy of $250
- This month we added 8 extra items of xaw etf.
- Questrade* is nice as a result of it presents free etf trades and cheaper inventory buying and selling choices than most Canadian brokers. $250.00 a month would kill us if we wanted to pay excessive buying and selling charges.
- * Word the questrade hyperlink is a affiliate hyperlink and at no extra value to you, I might get a bit of fee should you have been to enroll. You could possibly get $50 in free trades through the use of my hyperlink although.
January 2022 Passive Revenue Conclusion
Whereas life has obtained me down a bit presently with all these covid guidelines/laws, I do know the tide is altering. 3 of Canada’s provinces prime medical doctors are actually saying we have to study to reside with covid. That’s Large!
On the monetary entrance that is the primary month ever of bringing in over $1,000 a month in dividends and $2,000 a month in passive revenue. Nice stuff! It took 6 years of constant investing and now grows quicker than it ever has. Don’t get discouraged in case your simply beginning out, focus in your progress. Slowly however certainly it seems a heck of lots higher than day 1. Make a plan and keep it up. Let’s go on the market and shatter extra private data in 2022!
How was your January? What’s your objectives for 2022?
The Objective of our lives is to be blissful – Dalai Lama
Hey I’m Rob, creator of Passive Canadian Revenue.
In 2011 me and my spouse had nearly $60,000 in debt and a unfavorable $7,000 Web Price. By way of laborious work and monetary training we paid all that off. Now we’re specializing in growing our Passive Revenue Streams to make the cash work for us. Really feel Free to Observe alongside the Journey by clicking the Social Media hyperlinks beneath or subscribing to get notified of latest posts on the sidebar.