Hello Friends and welcome back to another Hustle and Passive Income update via my Personal Finance Canada blog! I hope you are enjoying my monthly reports.
September was another great month for making extra income from dividends and hustling around despite the markets crash.
I decided to stop reporting my liquid net worth numbers. This is not related to the market meltdown but because it is a very time confusing work which isn’t really benefiting anyone.
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The other problem I have been struggling with is that I have to record the numbers by the end of the month or the first day of the following month which sometimes I don’t have time to do for multiple reasons including traveling or other activities.
However, I think I will provide an update whenever I record or update my own numbers once in a while just so everyone knows what’s happening financially.
Passive income number is the golden number to always pay attention to!
Extra Side Hustle Income Report $243
Frankly, counting the side hustle isn’t an easy job. I made a spreadsheet and record my income through this source but it is a hectic task with money coming from so many resources.
Related: A Complete Neo Financial Credit Card Review
I might miss some stuff while reporting but here comes what I earned in Sept 2022 in side hustle excluding other sources like dividends and savings accounts earnings.
| Service | Notes | Earned Amount |
| Newton Exchange | Join Newton, earn $25 | $25 |
| Brim Financial | Join Brim Financial | $60 |
| Learn & Earn IT | Amazon Gift Card | $78 |
| Neo Financial | Get a free Neo Credit Card, earn $50 | $30 |
| CoinChange | Join CoinChange, earn $25 | $50 |
I love Brim Financial and use it when abroad for credit card payments to avoid paying foreign exchange fees. I also get 1% cashback for spending and access to free Global WiFi.
Brim works perfectly fine in my recent trip to the UK, Ireland, and Iceland. It also provides free access to a Global WiFi. Best part is that they pay 500 ($5.00) points every year on my birthday.
Non-Chequing Accounts As of Sept 30, 2022
As I mentioned earlier in this post, I missed recording my numbers by the end of the month and reporting today’s numbers doesn’t make sense.
However, I’ll report this anytime I can record the numbers. I wish there was an automatic method to get my balance in every account by the end of the month.
Dividends & Savings Accounts Income
| Month | Dividends | HISA & GIC | Cryptocurrency | Total |
| Sept 2021 | $431.40 | $216.83 | $307.15 | $955.38 |
| Oct 2021 | $608.39 | $727.09 | $451.00 | $1786.48 |
| Nov 2021 | $211.25 | $217.82 | $680.31 | $1109.38 |
| Dec 2021 | $880.08 | $238.15 | $871.75 | $1989.98 |
| Jan 2022 | $1,065.49 | $407.97 | $622.00 | $2095.46 |
| Feb 2022 | $284.85 | $200.23 | 6$68.43 | $1,153.51 |
| Mar 2022 | $541.57 | $212.00 | $823.32 | $1,576.89 |
| Apr 2022 | $782.35 | $58.00 | $901.40 | $1,741.75 |
| May 2022 | $490.06 | $63.00 | $926.00 | $1479.06 |
| June 2022 | $981.71 | $60.86 | $1,078.00 | $2,120.58 |
| July 2022 | $1,240.66 | $62.76 | $904.00 | $2,207.42 |
| Aug 2022 | $385.18 | $64.00 | $844.00 | $1,293.18 |
| Sept 2022 | $966.33 | $65.00 | $1,102.72 | $2,134.05 |
I received a total of $966.33 from dividends while $1,102.72 came from my tiny Crypto portfolio.
The total $2,134.05 in passive income is equivalent to making $12.31 hourly as a full-time employee. This amount covered all my recent Belize and Guatemala vacation.
This is a 123% YoY growth which is amazing to say the least.
Below is the list of who paid me in Sept 2022. I need to do some cleanup on this list. For example, I’d like to cut $TECH and replace it with either $HBF and $TLF. I also need to work on my REIT holdings.
It seems, I haven’t been adding to them recently so no growth in their distributions.
The top 4 payers for Sept 2022 were $CNQ, $CU, $ENB, and $MFC which counted for 32.5% of the total dividends income I received.
I report my purchases whenever happens on my Twitter account. I am not really keeping a detailed track of these purchases as I love dollar-cost averaging while taking advantage of Wealthsimple’s no-fee trading.
Hustle and Passive Income Update Summary
To summarize, I made $243 in side hustle income in Sept 2022. I also had $2,133 income from passive sources which brings my total Sept 2022 extra income to $2,377.05 CAD which covers the essential bills and grocery as a family of four.
In 2022, my total extra income has been $22,460 with $15,798 of it being totally passive which is an average $1,755 monthly.
My average passive income is 46% higher than my $1200 monthly 2022 goal 🤑
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