HomeCanadian DividendAugust 2022 Passive Revenue - Seashores, Weddings, Rides & Fishing. A Fantastic...

August 2022 Passive Revenue – Seashores, Weddings, Rides & Fishing. A Fantastic Month!


  • 3 sources of passive Revenue
  • $539.75 from dividends
  • 6 shares/items dripped in August
  • Trailing 12 Month Portfolio Return +4.41%

    S&P 500 12 Month Complete Return -11.23% for Aug 2022

Begin the bus, it’s time for the youngsters to return to high school!

Ahh September, what an ideal month. Issues begin to quiet down, the bugs exterior are virtually gone and its a 3 pay cheque month for those who receives a commission bi-weekly or 5 in case your weekly. Candy, kinda seems like a bonus proper? The market retains going backwards and forwards however the coming power disaster in Europe will certainly put a damper on issues within the coming months, it appears.

Life

Final month was a pricey month to say the least. Its time to take a seat again a bit and watch these nickels…. Nice occasions have been had although.

My automotive was sounding louder than regular so I took it to the mechanic and increase – you want new tires… Arg 800 bucks later.. Good factor is the automotive is tremendous quiet now. Civic Nation!

My spouse’s cousin acquired married. It was an ideal marriage ceremony. The youngsters actually tore up the dance ground and at 11.30 they crashed onerous! I used to be the dd this time because it was simply down the road from our place. At all times good to decorate up however with out drinks, my dance strikes are mainly non-existent…. =)

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We acquired seasons passes for Canadas Wonderland. (good for 2022/2023) My cousins got here from Holland and wished to go there and for two occasions the admission value it made sense to simply get the passes. Good occasions. Im a pussy in terms of curler coaster’s although. I hate heights.. however I’ve been pushing myself and occurring increasingly more. It has been enjoyable and subsequent time I really wanna do the drop zone. Large steps eh? Our thoughts is a strong factor, its can cease you from doing enjoyable issues for no good cause in any respect…

Me and my buddy went up north for his uncles annual fishing journey. Numerous drinks have been had and it was a tough morning fish, however I got here 2nd with a 4.6 lb pike. The winner had a 5.2 lb pike. It was simply sooooo scorching that day with no wind in any respect. The fish weren’t biting. Different boats noticed musky and threw all the pieces at it with no luck. At all times enjoyable day on the water along with your boy although. Till the gasoline runs out on the opposite aspect of the lake at evening… It was an ideal paddle again, preventing the bugs and making an attempt to navigate the place we have been going haha. That’s a primary & hopefully the final.

Apart from that we rocked the seaside and buried the youngsters.. Good occasions.

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Alright, Let’s Get To Our June 2022 Passive Revenue

Raises

0 Raises or cuts this month

Complete Added Revenue from Dividend Raises in 2022 – $320.11

 

 

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August 2022 Dividend Revenue

7 Corporations paid us this month.

Shares August 2021 Revenue August 2022 Revenue
Proctor & Gamble 20.88 31.05
Abbvie 91.00 usd 98.70
Air Merchandise & Chemical compounds 74.52
Nationwide Financial institution of Canada 41.18 153.64 (1 Drip)
Rit ETF 65.34 (3 Drips) 67.77 (3 Drips)
Sensible Facilities 32.68 (1 Drip) 35.77 (1 Drip)
Common Mills 71.91 (1 Drip) usd 78.30 (1 drip)
Totals 322.99 539.75

6 shares Dripped in August

$216.76 greater than final yr. A 67.11% enhance yr over yr. Nice to see, particularly in our lowest revenue months.

In case your take a look at our Earlier Dividend Revenue Experiences.

Our Drips (Dividend Reinvestment Program) added $10.12 to our yearly ahead dividend’s this month. Candy!

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Different Revenue

Non-public Funding Cost – $1000.00

1k a month, Straight to the heloc.


Photo voltaic Panel Revenue

In July (We all the time receives a commission a month later) our photo voltaic panel system generated 1,089 kWh. Since we herald a hard and fast fee of 28.8 cents per kilowatt hour, Hydro One deposited $309.08 into our chequing account this month.

Final July the system generated $283.39 so we’re barely greater this yr once more. Woot

Complete Revenue for 2022 – $1,626.52

System Put in January 2018

Complete System Value ——–$32,396.46

Complete Revenue Acquired ——–$11,511.74

_____________________________________________

Quantity to Break even —- $ -20,884.72


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Complete August 2022 Passive Revenue – $1,848.83

August 2021 Passive Revenue – $1,176.38

A stable enhance yr over yr. Numerous the revenue got here from the personal funding this month. Gotta love having completely different revenue sources.

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Totals For 2022

Dividends 12 months To Date Complete – $7,125.92
Different Passive Revenue 12 months up to now – $8,830.68
Complete Passive Revenue for 2022 —– $15,956.6
12 months Finish Aim – $25,000

Gotta love that chart. With 4 months to go we’re 1k away from our complete revenue final yr.

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August Inventory Purchases

This month we made 4 inventory purchases.

Fortis

We purchased 48 further shares at 58.60 per share. This may now enable us to drip 2 shares per quarter. This provides $102.72 to our ahead revenue.

Couche-Tard

Slowly that is turning into one in all my favorite shares. We proceed to develop this place and this month we added 20 further shares at $57.20 per share. This buy added a whopping $8.80 to our ahead dividends. Decrease yield, large dividend development!

CNR

In the event you didn’t know, that is my favorite inventory we maintain. Its a improbable firm with a large moat. Trains aren’t going anyplace. The truth is I discover them blocking the roads with longer trains greater than ever. I could of really made this buy whereas sitting there ready for the prepare to cross. One other decrease yield inventory rocking some stable dividend raises. We added 13 extra shares at simply over $160 per share including $38.09 to the gravy prepare. Yeah that pun was meant!

Stanley Black & Decker

A brand new place that has been completely crushed down this yr. How unhealthy? Effectively they’re down 52.55% yr up to now… A dividend king providing an excellent value to get into, for my part. They’d a foul quarter and plan on fixing issues up. Personally most contractors I do know together with myself use dewalt instruments and when you get that 20 volt battery you might be dedicated to purchasing extra 20v dewalt instruments. I took a starter place on this one and it has fell much more since then. I’ll in all probability be rising this place at these present costs.

We purchased 15 shares at $93.81 per share. This provides 48 bucks in ahead revenue.

Earlier this yr we bought our Sensible middle place within the resp and moved it into our tfsa account with the plan so as to add to fortis, cnr and couchetard. I assumed the market would hold dropping and I may add on a budget as a substitute the market turned to the constructive. This month I made a decision to place that money to work as a substitute of sitting idle. Swk was a mixture of new money and $ sitting within the rrsp account from earlier dividends.

In complete we added $197.61 to our ahead revenue this month. The brand new purchases are a mixture of security, excessive dividend development and worth.

Monetary Objectives Replace

Charities

Enhance Dividends by $4285.81 this yr. (bringing our ahead revenue from dividends to $13,000 a yr)

The purpose for 2022 is to have a ahead passive revenue of $27,500 thousand by the tip of the yr. I plan on doing this by refinancing our home and making the most of these low rates of interest. I need to max out some accounts and let compounding do their magic. Its an enormous purpose and can virtually double our present passive revenue.

  • With New Purchases, Drips, and Dividend Raises we continued to develop the scale of our dividend Portfolio. Complete elevated thus far in 2022 is $3,325.79

 

Etf Month-to-month Minimal Buy of $250

  • This month we added 11 extra items of xaw etf.
  • Questrade* is nice as a result of it affords free etf trades and cheaper inventory buying and selling choices than most Canadian brokers. $250.00 a month would kill us if we would have liked to pay excessive buying and selling charges.
  • * Word the questrade hyperlink is a affiliate hyperlink and at no further value to you, I might get somewhat cost for those who have been to enroll. You would get $50 in free trades by utilizing my affiliate hyperlink although.
August 2022 Passive Revenue Conclusion

Total an ideal month stuffed with exercise’s with family and friends. The dividend raises have been quiet however I believe September will herald some good will increase. Both method the revenue retains coming and compounding continues to work its magic.

I hope you all had a improbable August and your children loved their first couple days at college. My children undoubtedly did!

In case your not prepared to threat, you can’t develop. If you can’t develop, you can’t grow to be your finest. If you can’t grow to be your finest you possibly can’t be completely happy and for those who can’t be completely happy then what else is there? – Les Brown

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