June 2022 Passive Income – Breaking $2,500

designer491 1 dividend increase 3 sources of passive earnings $485.71 from dividends 6 shares/models dripped in May Hey, Everyone As we enter the month of July, I believe it is protected to say you’ll be able to’t time the market as soon as once more. Morgan Wallen says it greatest – we going up down, up down, up down! While headlines make issues sound so horrible all around the world, the market pops a pair hundred factors someday after which drops the following. Who is aware of. This is why I like the dividend progress investing method, sit again and acquire these dividends. Enjoy the raises and hey even sort of get pleasure from decrease costs as they might produce extra drips! Hey, perhaps I’m too optimistic, however I actually suppose we have to have a look at the glass half full vs half empty. Alright, Let’s Get To Our June 2022 Passive Income Raises Got 1 increase that I wasn’t anticipating. Woot, woot! General Mills (GIS) raised their dividend 5.9%. This added $17.40 to our dividends. Total Added Income from Dividend Raises in 2022 – $320.11 General Mills is not a constant dividend grower, however their dividend is protected and continues to develop for us. Love the manufacturers and even their pet food. The children have been consuming these Fruitsations gummies. They are so good, and I used to be shocked to not too long ago discover out they’re General Mills as properly. Got to like it! June 2022 Dividend Income 13 corporations paid us this month. Stocks June 2021 Income June 2022 Income IBM (IBM) 45.92 USD bought 3M (MMM) 32.56 USD bought Canadian Utilities (OTCPK:CDUAF) 93.24 (2 DRIPs) bought Inter Pipeline (OTCPK:IPPLF) 8.32 bought Microsoft (MSFT) 10.64 USD 18.60 USD Home Depot (HD) 19.00 USD Smart Centers 32.38 (1 DRIP) 34.23 (1 DRIP) Lockheed Martin (LMT) 36.40 USD 61.60 USD RIT ETF 64.94 (3 DRIPs) 67.37 (4 DRIPs) Canadian National Railway (CNI) 59.04 70.32 J&J (JNJ) 45.58 USD 75.71 USD XAW ETF 38.19 (1 DRIP) 75.62 (2 DRIPs) Fortis (FTS) 0 94.70 (1 DRIP) Brookfield Renewable (BEPC) 82.23 (1 DRIP) 109.28 (2 DRIPs) Manulife Financial (MFC) 136.95 (6 DRIPs) Suncor (SU) 177.66 (3 DRIPs) Enbridge (ENB) 235.48 (5 DRIPs) 254.56 (3 DRIPs) Totals 784.92 1195.60 22 shares Dripped in June, lovely! $410.68 greater than final yr, or a 52.32% improve. Just superb. Our first time these months clear 1k in dividends. It’s a unbelievable feeling. The proof is within the pudding, Stick to the plan and watch it develop. If you are , take a look at our Previous Dividend Income Reports. Our DRIPs (Dividend Reinvestment Program) added $35.18 to our yearly ahead dividends this month. Sweet! Other Income Private Investment Payment – $1000.00 1k a month, Straight to the HELOC. Solar Panel Income In May (we all the time receives a commission a month later), our photo voltaic panel system generated 1,191 kWh. Since we herald a hard and fast charge of 28.8 cents per kilowatt hour, Hydro One (OTCPK:HRNNF) deposited $337.87 into our chequing account this month. Last May, the system generated $330.91, so we’re barely greater this yr once more. Great to see. Total Income for 2022 – $930.61 System Installed January 2018 Total System Cost —$32,396.46 Total Income Received —$10,815.83 Amount to Break even — $ 21,580.63 Total June 2022 Passive Income – $2,533.47 June 2021 Passive Income – $1,615.83 Did we simply break $2,500? Bam! That’s a kind of stuff you obtained to pat your self on the again for. Good job guys. Ha-ha, critically although, wow that feels good. Six years in the past, we began this journey, we introduced in 62 bucks in June 2016. If we will do it, you’ll be able to as properly. Maybe not this excessive, perhaps manner greater. But you should deal with progress. Any progress is sweet and places you forward of the place you had been if you began, the compounding impact will solely propel issues sooner. I actually consider monetary habits are extra essential than earnings. Get within the behavior of paying your self first, it truly is that easy. Of course, when you have a bigger earnings that helps as properly although. Totals For 2022 Dividends Year-To-Date Total – $5,250.16Other Passive Income Year to this point – $6,134.77Total Passive Income for 2022 — $11,384.93Year-End Goal – $25,000 June Stock Purchases We proceed to greenback price common into positions. We maxed out one TFSA this month and can proceed to work on the remaining one. 18k left to max that one. Telus (TU) We added 2 separate tranches this month. I’ve all the time wished to develop our place however was ready for a pullback. Unfortunately, the pullback occurred after we made our 2 purchases. Ha-ha, long run maintain although, I’m fairly positive we will likely be okay in 10 years 65 Telus at 31.62 per share 64 Telus at 31.24 per share These purchases add $174.81 in ahead earnings. Texas Instruments (TXN) I’ll gladly continue to grow our place in TXN. It’s at the moment cheaper and provides over a 3% beginning yield. Great dividend progress historical past and a few monster raises. While brief time period the business could get harm, long run we’d like increasingly semiconductors. Everything is getting smarter and wishes extra chips. 10 extra shares at $158.36 per share This added 46 bucks in ahead earnings. Proctor & Gamble (PG) The inventory I’ve all the time wished so as to add to however could not get myself to pay over 150 a share. They dropped to 130 for a brief interval, and we jumped on the chance. Got to like including to the kings! 10 shares of PG at $130.79 per share Added earnings – $36.53 National Bank (OTCPK:NTIOF) (OTC:NTIFF) (OTCPK:NBKCF) We have grown this place fairly a bit this yr. One of the most effective performing banks with a number of the highest dividend progress charges. These financial institution shares have pulled again fairly a bit and I’ll gladly proceed rising our financial institution holdings. BNS at the moment yields over 5.5%! Bought 46 further shares at $85.95 per share. This added $169.28 in ahead earnings. Overall, we added $426.62 to our ahead dividend earnings final month. A mixture of progress, yield and defence this month. 3 of those shares are at the moment cheaper than after we bought them. I’ll proceed to drip and greenback price common into them. Financial Goals Update Charities We proceed our month-to-month donation to The Nature Conservancy of Canada of $85. Increase Dividends by $4285.81 this yr (bringing our ahead earnings from dividends to $13,000 a yr) The aim for 2022 is to have a ahead passive earnings of $27,500 thousand by the tip of the yr. I plan on doing this by refinancing our home and profiting from these low rates of interest. I need to max out some accounts and let compounding do their magic. It’s an enormous aim and can nearly double our present passive earnings. With New Purchases, Drips, and Dividend Raises, we continued to develop the scale of our dividend Portfolio. Total improve to this point in 2022 is $2,965.89 ETF Monthly Minimum Purchase of $250 This month we added 11 extra models of XAW ETF. Questrade* is nice as a result of it provides 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. June 2022 Passive Income Conclusion An ideal month general. Love that we lastly maxed one TFSA and we surpassed the $2,500 mark. Life has been good to us. July appears to be a busy month stuffed with some extra outside adventures with family and friends. What’s to not like? I hope you all are doing all of your greatest to go on the market and reside your greatest life. What have you ever been as much as? Buying something currently? Or stacking money? Cheers! Original Post Editor’s Note: The abstract bullets for this text had been chosen by Seeking Alpha editors.


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