💵 Sept 2022 🤑 123% YoY Extra Hustle & Passive Income Growth Report

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!

Sept 2022 Hustle & Passive Income (Savings Accounts & Dividends) Was $2133
Sept 2022 Passive Income (Savings Accounts & Dividends) Was $2,133

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.

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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.

ServiceNotesEarned Amount
Newton ExchangeJoin Newton, earn $25$25
Brim FinancialJoin Brim Financial$60
Learn & Earn ITAmazon Gift Card$78
Neo FinancialGet a free Neo Credit Card, earn $50$30
CoinChangeJoin 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

MonthDividendsHISA & GIC CryptocurrencyTotal
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$200.236$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
Monthly Income Report Table

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.

My Dividends' Sources
My Dividends’ Sources

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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