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. January was another great month for making extra income from dividends and hustling.
Must Read: The Combined Magic Of Canadian Dividend Income Earnings, Jan 2023
Passive income number is the golden number to always pay attention to!
Extra Side Hustle Income Report $395
I made an extra $395 in Feb 2023. Here are the income and referral sources:
- IT Learn and Earn: $140
- Brim Financial Referral: $60
- Neo Financial Referral: $60
- Tangerine Money Mastercard Referral: $75
- Nesto Mortgage (Lead): $60
Related: Complete Tangerine Credit Card Review, Is Tangerine Mastercard Good?
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.
Refer your family and friends to Neo and earn up to $35.
Related: A Complete Neo Financial Credit Card Review
Liquid Networth Update
As I mentioned, I am not going to calculate my liquid networth every month but I will do so whenever I find the time to put up all the accounts together and get the total balance.
I ended 2002, with a $371,082.79 balance so will see what happens in 2023.
Dividends & Savings Accounts Income
- Feb 2020: $0.00
- Feb 2021: $40.28
- Feb 2022: $284.85
- Feb 2023: $635.71
| Month | Dividends | HISA & GIC | Cryptocurrency | Total |
| 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 |
| Oct 2022 | $1,080.51 | $718.00 | $998.00 | $2,796.51 |
| Nov 2022 | $451.03 | $65.00 | $879.64 | $1,395.67 |
| Dec 2022 | $1,034.87 | $65.00 | $68.22 | $1,168.36 |
| Jan 2023 | $1,383.58 | $334.17 | $65.00 | $1,782.75 |
| Feb 2023 | $635.71 | $410.05 | $66.25 | $1,112.01 |
I received a total of $635.71 from dividends while $66.25 came from my tiny Crypto portfolio. My savings account generated $410.05 in interests.
The total $1,112.01 in passive income is equivalent to making $6.42 hourly as a full-time employee. This amount covers our monthly grocery and some bills. Isn’t that awesome?
The dividend earning is a great 224% (2.24x) growth in comparison with Feb 2023 earnings which is amazing to say the least.
Below is the list of who paid me in Feb 2023.
The top 3 payers of Jan 2023 were $TRP, $POW, and $TLF which counted for 28.2% 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, Dividends, and Passive Income Update Summary
To summarize, I had $1,507 income from all active and passive passive sources.
My average passive income was slightly lower than my $1200 monthly 2023 goal 🤑
Finally, all my recommendations can be found under my referral page. Thank you for reading and let me know if you have any questions or feedbacks.
It is very interesting to see your report, I am inspired by your results) you have interesting stocks in your portfolio