Cold enough for ya? Holly sh!t, it's chilly out there. Winter decides to kinda chill, and then BAM, hit us with all its wrath. So much snow, wind and icicles... Is it summer yet? Why am I not on a cruise boat in the Caribbean right now? Anyways, winter sucks...
January brings with it the gauntlet that is our life. Our daughter turned one, and we needed to have a
mini wedding birthday party for her. Over 100 people came to say happy birthday, chill and eat some food. Love to have a massive party with family and friends, but these parties ain't cheap.
Right after that is our wedding anniversary, which basically gets cancelled out because our daughter decided to pop out the day before... haha.
The wife went back to work this month, so things are a little more hectic. We should be able to increase our savings rate soon. But we missed out on 2 mat leave payments, so need to recoup that first.
Now we start setting up our son's birthday party for the beginning of February... fun fun… winter babies. It would be so much easier if it was warm out and they could just hang out in our backyard. Clearly, there's something in the air during April, so I guess I got that to look forward too! =)
Let's get to that income...
A couple decent raises to start the year off right this month.
In total, these 3 raises added $52.94 to our income. Sweeeet!
15 companies paid us this month:
|Stocks||January 2018 Income||January 2019 Income|
|Boardwalk REIT (OTCPK:BOWFF)||5.44||sold|
|Inter Pipeline (OTCPK:IPPLF)||0||7.98|
|Disney (DIS)||0||17.60 USD|
|Bank of Nova Scotia (BNS)||0||43.45|
|Sienna Senior Living (OTCPK:LWSCF)||2.40||2.45|
|Cisco (CSCO)||38.57 USD||44.22 USD|
|Automotive Properties REIT||3.62||sold|
|Corus Entertainment (OTCPK:CJREF)||18.62 (2 Drips)||n/a|
|Dream Global REIT (OTC:DUNDF)||0||13.13 (One Drip)|
|Telus Corp. (TU)||17.68||50.69 (One Drip)|
|Transcontinental Inc. (OTCPK:TCLAF)||0||23.31 (One Drip)|
|TD Bank (TD)||78.60 (One Drip)||80.40 (One Drip)|
|Shaw Communications (SJR)||30.03 (One Drip)||31.11 (One Drip)|
|Riocan (OTCPK:RIOCF)||38.07 (One Drip)||28.32 (One Drip)|
|Extendicare (OTCPK:EXETF)||15.36 (One Drip)||17.08 (2 Drip's)|
|Algonquin Power (AQN)||29.04 (2 Drips)||35.24 (2 Drips)|
10 Drips this month. You know we be dripping!
January 2019 Dividend Total = $425.12 (%38.27 higher year over year)
January 2018 Dividend Total =$307.44 (Previous dividend income)
Our Drips (Dividend Reinvestment Program) added $11.91 to our yearly forward dividends this month.
Hmmmm, a purple line. Aren't we fancy? A great month to start the year off right! Got to love that growth and all those dividend raises...
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 December, our solar panel system generated 223 kWh. The winter blues don't just affect me, it kills our solar income as well, since we get paid a fixed rate of 28.8 cents per kilowatt hour Hydro One deposited $64.22 into our chequing account this month. Womp womp...
System Installed January 2018
Total System Cost - $32,396.46
Total Income Received - $2580.18
Amount to Breakeven - $29,816.28
Thanks again to everyone using one of our referral links to Amazon (AMZN) to make their purchases over the holidays. Amazon tossed us a cool $35.32. This is our biggest Amazon payment to date, thanks!
In January of every year, the credit card we have decides to pay us our total cashback balance. Since we pay our bills in full all the time, this is all bonus. We got $353.60 - our highest total yet!
Total January - Passive Income - $1378.26
Total Passive Income Increase Over Last Year - 25.44%
A growth rate of over 25% is fantastic. I'm really glad to see this, especially after last month's pretty weak growth rate. I told the wife to buy me something fancy, she bought me a bag of chips...
Totals For 2019
Dividends Year to Date Total - $425.12
Other Passive Income Year to Date - $953.14
Total Passive Income for 2019 - $1378.26
Year-end Goal - $15,500 - 9.18%
2019 continued where we started at the end of 2018. We sold off a bunch of Enbridge (ENB) to lower their percentage of our portfolio from over 13% to now around 7%. I also decided to sell off our position in Corus Entertainment.
5 semi-passive income sources to start the year off. Fantastic! A great dividend growth rate, followed by another decent year over year overall of passive income. You got to love these updates. I continued to switch up the portfolio, which long term will be a great move. I like how the allocations are coming together, but really want to focus on starting and averaging in these 3 companies: Johnson & Johnson (JNJ), PepsiCo (PEP), 3M (MMM).
Unfortunately. the market popped way up since December. It's actually pretty crazy. I was down like $14k around Christmas, and here we are a month and a half later and I'm up $2k. This year may be a volatile one. =)
Anyways, that's our January 2019 Passive Income Update, another great month in the books. This should be another wonderful year.
Wish you all the best, continue to be awesome!
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