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, Feb 2023
Passive income number is the golden number to always pay attention to!
Extra Side Hustle Income Report $240
I made an extra $240 in March 2023. Here are the income and referral sources:
- IT Learn and Earn: $200
- Brim Financial Referral: $40
- Neo Financial Referral: $0
- Tangerine Money Mastercard Referral: $0
- Nesto Mortgage (Lead): $0
Related: Complete Tangerine Credit Card Review, Is Tangerine Mastercard Good?
I love Brim Financial and used it recently in South America when for daily purchases 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 2022, with a $371,082.79 balance so will see what happens in 2023.
Dividends & Savings Accounts Income
- March 2020: $0.00
- March 2021: $305.00
- March 2022: $541.57
- March 2023: $897.38
| Month | Dividends | HISA & GIC | Cryptocurrency | Total |
| 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 |
| Mar 2023 | $897.38 | $532.24 | $65.00 | $1,429.62 |
I received a total of $897.38 from dividends while $65.00 came from my tiny Crypto portfolio. My savings account generated $532.24 in interests.
The total $1,112.01 in passive income is equivalent to making $8.25 hourly as a full-time employee. This amount covers our monthly grocery and some bills. Isn’t that awesome?
The dividend earning in March 2023 is a great 65% growth in comparison with March 2022 earnings which is amazing to say the least.
Below is the list of who paid me in March 2023. The red tickers are sold and won’t be paying anything going forward.
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 $1,669.62 income from all active and passive passive sources.
My average passive income was higher 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.