April was the largest month on record for passive income! A large portion of that change comes from changing when I track dividends received (now counted on the day it’s actually received to my bank account). The declines in the stock market also reactivated a portion of my DRIPs, though Continue Reading
Passive income updates
Passive Income Update – March 2022
Passive income is still holding steady above, at above $3500. There will be a slight increase in rents moving forward as my basement unit was able to raise rent by $100. I expect cryptocurrency income to decline on a valuation perspective as rising interest rates continue to challenge risk assets. Continue Reading
Passive Income Update – February 2022
Change of plans, I forecasted my debt out 10 years under multiple scenarios. Moving forward for April, I will likely be reducing a lot of the payments I make to my loans down to $100/each. The remainder of my funds will go into either the mortgage or the LOC. If Continue Reading
Passive Income Update – January 2022
This marks the fourth month in a row where my passive income was above $4000 CAD/month! A huge milestone to achieve. My focus for the next while will be deleveraging my portfolio to improve future free cash flow. As such, I expect my passive income growth to slow quite considerably Continue Reading
Passive Income Update – December 2021
To help with preparation and planning in terms of cashflow, here are the interest rates on my accounts, using current balances for the month with the interest rate on promotional 0% expiry. I have also included any fees, where applicable: Account Balance Interest Rate on Expiry Interest/Minimum Payment / Month Continue Reading
Passive Income Update – November 2021
November marks a second month in a row where my passive income is at $4000 / month! Granted, a significant portion of this income currently comes from mining highly volatile assets (crypto). Cryptocurrency income doubled over last month due to a couple mining projects coming online. I expect a few Continue Reading
Passive Income Update – October 2021
In October, I managed to rent out the parking stall for my condo property. Starting November, this will add $100 / month to my passive income. The lease is on a month-to-month basis, however, so the there’s very little clarity around future income. This also marks the first month I Continue Reading
Passive Income Update – September 2021
September saw the first month where I collected rent from my basement and my condo unit. This adds up to a healthy $2550 / month in earnings. The tenant for my condo did not want to take the parking lot, so I will be leasing that out for an additional Continue Reading
Passive Income Update – August 2021
Both my condo and my basement are rented! This income should start to show up in my passive income reports from September/October onwards. This month also marks the first month I reached $1000 in passive income from all sources. My next goals are $1000 from dividends in a single month. Continue Reading
Passive Income Update – July 2021
July was a pretty wild month for my crypto earnings. This month I aggressively reinvested my crypto to generate yield and made a few trades on the volatility. The latter means that not all gains were purely passive (not sure if the aggressive reinvestment classifies as passive either, as there Continue Reading