Hello, my fellow financial freedom fighters! I’m starting this post with a quote that always gets my investing juices flowing:
“If you don’t find a way to make money while you sleep, you will work until you die.” – Warren Buffet
These words from the Oracle of Omaha himself, Warren Buffet, put into perspective, the importance of financial independence and largely a reason why I am finally taking the idea of passive income very seriously.
You might be wondering, “What’s in this for me?” Well, in this post, I’m pulling back the curtains on my own financial journey to give you an inside look at my passive income adventures! But, this isn’t about me showing off my financial prowess (or follies). I’m here to show you that it’s possible to create a steady stream of passive income, one stock, and one Adsense click at a time. Let’s dive in!
My Dividend Chronicle
Welcome to the exciting world of dividends! For those of you who don’t know, dividends are a bit like gifts that companies give you just for owning their stocks. Neat, huh? Here’s a sneak peek into my dividend gifts from May to July 2023:
| Asset | May | June | July | 2023 Total (May-Jul) |
|---|---|---|---|---|
| AQN.TO | – | – | $80.76 | $80.76 |
| BEP-UN.TO | – | $86.17 | – | $86.17 |
| CAR-UN.TO | – | – | – | – |
| … | … | … | … | … |
| Totals | $167.20 | $435.51 | $571.55 | $1174.26 + $8.84 USD |
This is just a sample (in alphabetic order) of my “Passive Income Stats” page, but it gives a sense of where I’m going with it all.
In three months, the dividends added up to $1174.26 CAD and $8.84 USD! Not too shabby, right? And the best part? I earned this money while binge-watching my favorite shows, hiking with my cat, and yes, even while sleeping! That’s the beauty of passive income.
My Adsense Adventure
Now, let’s chat about another friend of mine, Google Adsense. This is the silent hero that keeps money trickling into my account just from website traffic. It might not seem like much at first, but let me tell you, it adds up:
| Month | Income | Total (May – July) |
|---|---|---|
| May | $112.70 | $112.70 |
| June | $44.70 | $157.40 |
| July | $29.43 | $186.83 |
That’s a sweet $186.83 for just having some ads on my websites. Remember folks, every penny counts in our journey to financial freedom!
I hope sharing these numbers inspires you, my fellow passive income enthusiasts, and helps you realize that you too can embark on this journey. Remember, we’re in this together, learning and growing one dividend and one Adsense payment at a time. Stay tuned for more tales from my passive income journey!
Keep investing, keep learning, and most importantly, keep having fun on this journey to financial freedom!
Catch you in the next post, finance fam!
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