Yay, preparing and submitting taxes is behind us, and it is time to check how our passive income was in March. This month our passive income streams delivered more than $1,400, totaling $1,412. The best part is that we can anticipate similar numbers in the future. I am excited to see a new tiny passive income stream this month, which comes in the form of blog income.
It is such a nice perk to receive passive income every month. I could get used to it.
Our monthly passive income of $1,412 is equivalent to $423,600 if invested at annual 4 percent rate. How much have we actually invested to generate such an income?
- $180,000 dividend portfolio
- $53,580 rental property down payment
- $12,000 lending loop
- $0 in private mortgage (we invested borrowed money from the appreciated rental property)
- $320 to set up this blog
In total, we invested $245,900 to generate $1,412 monthly, which is 6.89 percent annually. Wow, that means we receive 6.89 percent annually from highly diversified five income streams (one is too small to count, but it is still on the list)! This return does not include stocks capital gains in dividend portfolio and property appreciation. There is no financial product on the market that will provide these kinds of returns and the same level of diversification. From my experience, banks offer the following investments.
Dividends
We received $672.57 in dividends from 16 companies. Our average monthly income from dividends is about $600.
| wdt_ID | Stock | Dividends | Tax |
|---|---|---|---|
| 1 | CVX | 28.56 USD | Taxable account. It is after 15% tax. |
| 3 | ANDV | 11.53 USD | Taxable account. It is after 15% tax. |
| 12 | CUF.UN | 30.02 CAD | TFSA (no tax) |
| 6 | SU | 56.64 CAD | TFSA (no tax) |
| 8 | CU | 56.24 CAD | TFSA (no tax) |
| 9 | DRG.UN | 20.00 CAD | TFSA (no tax) |
| 11 | WFC | 58.68 USD | Taxable account. It is after 15% tax. |
| 13 | FTS | 52.70 CAD | Taxable account. Canadian company. |
| 14 | CNR | 68.25 CAD | Taxable account. Canadian company. |
| 15 | MIC | 63.92 CAD | TFSA (no tax) |
If you wonder how do we select out stocks, you can read up on the process in Simple Steps To Select Dividend Stocks.
Private Mortgage
Our monthly profit from this investment is $358.89. We receive this income by investing zero of our hard-earned money. If you are interested in this investment type you can read what important to consider here.
If you are in the Great Vancouver area and looking for an experienced mortgage broker please drop me a line.
Rental Property
Business as usual here. From the rental property, we are collecting $269.32 in profit. If you want to know more about our successful investment in rental property, you can read more in my Rental Income post.
Lending Loop
We received $91.99 this month from profit lending to small businesses on Lending Loop. Keeping our 2018 financial goals in mind, we still have to improve our monthly income from this income stream.
If you would like to utilize this type of investment at no cost to you, I will earn a referral fee if you use the following link Lending Loop.
Blog Income
This is the first time I checked my Google AdSense account and was surprised to see that this blog actually generates a small amount of income. This month, the income totaled $2.91.
Yahoo!!! Although it does not cover hosting expenses, it is a start. I have never done any serious work to improve SEO of this blog or apply other techniques to increase the income generated from this blog. I should definitely do it! What do I have to lose? I can help this tiny income stream grow. I like the kind of investment where you put your money and time into something that may generate more income.
Hungry for More Passive Income Streams
Like a snowball, our investments are growing even faster than I anticipated, and we are looking for more passive income streams. I will search for more information about the following investments:
- Buying and renting vacation cabin/home — rental property for short period of vacation time
- eBook — a good source of links to this blog and may generate income by itself
- Taking passive part in a small business
- …
Key to Wealth is Generation of Multiple Sources of Income
