Currently in Canada, we are experience a prolonged heat wave. In Western Canada, the temperatures are not as hot as last summer when we experience a heat dome event.
On July 13, the Bank of Canada raised the interest rate a full 100 basis points.
There are predictions we will be in a recession later in 2022, while others are saying in 2023.
Passive Canadian Income received $2722.84 in passive income for the month of July 2022. Of this total, $1336.01 was dividend income. The amount of new shares / units dripped came in at 36.
All About The Dividends received $671.30 in dividend income and added over $35.67 in forward dividend income via DRIPs. There is also mention of the purchase that he made during July 2022.
Reverse The Crush received $117.05 in dividend income in July 2022. This is a 119% YoY increase.
Our Life Financial received $3513.19 in dividend income. Combined with her husband, they received $739.78 in total dividend income and 24.13% increase YoY.
Moneymaaster received $1944.22 in dividend income and dripped 73 new shares/units to boost his future dividend income.
My Own Advisor and Gen Y Money shared their individual dividend income updates with the world. Although their actual amount of dividend income received in July 2022 is not mentioned, there is some great information in their respective posts.
Fire We Go received $2349.04 in dividend income for the month of July 2022.
Tawcan received 4528.69 in dividend income for the month of July 2022. He dripped 82 new shares or units.
Labour to Leisure received $530.33 in dividend income.
We all started with $0.00 of passive income and have grown our investments over time. Each "BUY" transaction can provide ongoing dividend income which may also be increased over time.
In Canada and the United States, many brokerage accounts offer commission free trades and/or commission free ETFs. You can get started on your investing journey with very little money.
I am not a financial planner, financial advisor, accountant or tax attorney. The information on this blog represents my own thoughts and opinions and should NOT be taken as investment or business advice.
Every individual should do their due diligence to make their own financial decisions based on their financial situation and tolerance for risk.