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

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

    S&P 500 12 Month Whole 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 calm down, the bugs outdoors are nearly gone and its a 3 pay cheque month in the event you receives a commission bi-weekly or 5 in case your weekly. Candy, kinda appears like a bonus proper? The market retains going forwards and backwards however the coming vitality 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 sit down again a bit and watch these nickels…. Nice occasions had been had although.

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

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

wedding

We obtained 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 worth it made sense to simply get the passes. Good occasions. Im a pussy relating to curler coaster’s although. I hate heights.. however I’ve been pushing myself and happening increasingly. It has been enjoyable and subsequent time I really wanna do the drop zone. Huge steps eh? Our thoughts is a robust 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 had 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 sizzling that day with no wind in any respect. The fish weren’t biting. Different boats noticed musky and threw the whole lot at it with no luck. All the time enjoyable day on the water together with your boy although. Till the fuel runs out on the opposite facet of the lake at night time… It was an ideal paddle again, combating the bugs and attempting to navigate the place we had been going haha. That’s a primary & hopefully the final.

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

beach

 

 

 

 

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

Raises

0 Raises or cuts this month

Whole Added Earnings from Dividend Raises in 2022 – $320.11

 

 

August 2022 Passive Income

August 2022 Dividend Earnings

7 Firms paid us this month.

Shares August 2021 Earnings August 2022 Earnings
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)
Good Facilities 32.68 (1 Drip) 35.77 (1 Drip)
Normal 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 12 months. A 67.11% improve 12 months over 12 months. Nice to see, particularly in our lowest earnings months.

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

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

August 2022 Dividend Chart


Different Earnings

Personal Funding Cost – $1000.00

1k a month, Straight to the heloc.


Photo voltaic Panel Earnings

In July (We all the time receives a commission a month later) our photo voltaic panel system generated 1,089 kWh. Since we usher in a hard and fast price 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 larger this 12 months once more. Woot

Whole Earnings for 2022 – $1,626.52

System Put in January 2018

Whole System Value ——–$32,396.46

Whole Earnings Acquired ——–$11,511.74

_____________________________________________

Quantity to Break even —- $ -20,884.72


August Income Piechart

Whole August 2022 Passive Earnings – $1,848.83

August 2021 Passive Earnings – $1,176.38

A strong improve 12 months over 12 months. Numerous the earnings got here from the personal funding this month. Gotta love having completely different earnings sources.

august 2022 passive income chart

Totals For 2022

Dividends 12 months To Date Whole – $7,125.92
Different Passive Earnings 12 months so far – $8,830.68
Whole Passive Earnings for 2022 —– $15,956.6
12 months Finish Purpose – $25,000

Gotta love that chart. With 4 months to go we’re 1k away from our complete earnings final 12 months.

Purchases

 

August Inventory Purchases

This month we made 4 inventory purchases.

Fortis

We purchased 48 further shares at 58.60 per share. This can now permit us to drip 2 shares per quarter. This provides $102.72 to our ahead earnings.

Couche-Tard

Slowly that is turning into certainly one of 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, huge dividend development!

CNR

For those who didn’t know, that is my favorite inventory we maintain. Its a incredible firm with a large moat. Trains aren’t going anyplace. Actually I discover them blocking the roads with longer trains greater than ever. I’ll of really made this buy whereas sitting there ready for the prepare to cross. One other decrease yield inventory rocking some strong 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 overwhelmed down this 12 months. How unhealthy? Nicely they’re down 52.55% 12 months so far… A dividend king providing an excellent worth to get into, in my view. That they had a nasty 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’re 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 most likely be rising this place at these present costs.

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

Earlier this 12 months we offered our Good heart place within the resp and moved it into our tfsa account with the plan so as to add to fortis, cnr and couchetard. I believed the market would preserve dropping and I may add on a budget as an alternative the market turned to the constructive. This month I made a decision to place that money to work as an alternative 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 earnings this month. The brand new purchases are a mixture of security, excessive dividend development and worth.

Monetary Targets Replace

Charities

Enhance Dividends by $4285.81 this 12 months. (bringing our ahead earnings from dividends to $13,000 a 12 months)

The objective for 2022 is to have a ahead passive earnings of $27,500 thousand by the top of the 12 months. I plan on doing this by refinancing our home and making the most of these low rates of interest. I wish to max out some accounts and let compounding do their magic. Its a giant objective and can nearly double our present passive earnings.

  • With New Purchases, Drips, and Dividend Raises we continued to develop the dimensions of our dividend Portfolio. Whole elevated to date 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 presents 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.
  • * Observe the questrade hyperlink is a affiliate hyperlink and at no further value to you, I might get somewhat cost in the event you had been to enroll. You may get $50 in free trades by utilizing my affiliate hyperlink although.
August 2022 Passive Earnings Conclusion

General an ideal month stuffed with exercise’s with family and friends. The dividend raises have been quiet however I feel September will usher in some good will increase. Both approach the earnings retains coming and compounding continues to work its magic.

I hope you all had a incredible August and your children loved their first couple days in school. My children positively did!

In case your not keen to danger, you can’t develop. If you can’t develop, you can’t turn into your finest. If you can’t turn into your finest you’ll be able to’t be blissful and in the event you can’t be blissful then what else is there? – Les Brown

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