Sunday, 4 February 2018

Passive Income of January2018

Hi All,
I felt like January was never going to end. But it did and we are in February already.
Life just goes on. Everyday is a new day with new challenges. This year, I am learning to make nice whitening trays. 
Hopefully, I will find more time to spend on blog. 
It is that time to check the passive income. 
Our two TFSAs, RRSPs and one non registered account together blessed me $526.49. 
It is way better than last January
I still pack my lunch to work. Sometimes, I am just lazy and do use the dryer for laundry. 
I forced my husband to clean the Dyson so that it can work more effectively.  The big purchase for myself was a winter jacket. It was on sale. I really needed one and was thinking about it for couple of years. The next big purchase will be a winter boot: I need one with more grip on the ice. 
What is the best time to search for a winter boot? February or March? What you guys think?

Sunday, 28 January 2018

January investment

Hi All,

January is almost finishing. Since I chose to work full time during the week, there is not much time to watch the market.

I found that I can get one Friday a month to look after my investments. 
May be there is a way to do trading after hours. I haven't learned much about it.  Hope, one of my readers will help me to find out that. 

Now, I got a chance to buy Canadian Utilities for my TFSA. For people like me, who are lower income earners, maximizing TFSA is the first thing to do. So, I am concentrating more on my TFSA. The contribution room for this year is the same $5,500. 

Recently I checked my contribution room at CRA website. I have room to add $29,000. 

Let us talk about my investments for January: I bought Canadian Utilities (CU in TSX). 95 shares of CU can bring $133 in dividends . I have another utility company, AQN in my portfolio. I may not add more utilities to my portfolio. 
The next investment is on myself: Few courses from the e-learning category of Toronto public library. They have Safari, Lynda.com, Gale Courses and Mango learning. I am interested in the health care and medical courses offered by Gale courses. That way, I can learn things like handling emergency situations for free of cost. Another course interests me is Pain assessment and management. In the future, as time permits, I would love to learn about meditation techniques too.

What do you think of my recent investments? 




Sunday, 21 January 2018

Smarter Faster and Better : is that possible?

Hello All,
We are all in a world competing to get things done faster and better. We want to do things smarter than the person next to us.
Then, we are stuck with the sayings like " slow and steady wins". But, still we wanted to finish things faster and more effective.
I wanted to do things faster and accurate at my work place. 

Most of the time, we consider dental treatments are health care service. But, in the end, it is a business. The office has to make money to pay for every one working there. The bills are to be paid. The suppliers are to be paid. Then there should be left over money for the continuous running of the office.

As a dental assistant, I have to be smarter to hand out instruments and materials to the dentist while maintaining a dry environment for the dentist to work. Then, the assistant has to be faster and thorough in sterilizing the room, instruments and prepping the room for the next patient.  

So, when I saw the book titled" Smarter Faster and Better: The secretes of being productive in life and business" by Charles Duhigg, I wanted to read it.  I got it as ebook format and read it on my phone. 

The book is filled with stories of successful people. If you have set a goal and you can answer why you set that goal, then you will have more chances in achieving that goal. (is that a secret?)

Another tip I remember is to have a mental picture of the steps you need to do to get things done. That particularly helpful in my job. If I can keep moving in a planned method to clean up the room after treatment, I can be faster. The mental picture help me to to set up the room for each procedure effectively. 

Some of the tips in the book can be effectively used to save and invest too. It is more pleasant to buy things that we cannot afford and put them on credit card. If you know why you are saving money, then you can stick to your plan. You can break down your saving goal in manageable chunks so that you can reach your final goal one day. (Not a secret, right?)

Duhigg says the successful people study failures of other people. But in the book, I didn't see failure stories. The book is very engaging with its stories. 

Remember that Duhigg is a journalist and not a psychologist. There are no big secrets revealed in the book to be smarter, faster and better. Still, you can enjoy the book and may get one or two points to take with you. 

If you just don't have the time to read the book, but wish to get a summary of it, you can have it on Sam Thomas Davis's website. 





Friday, 19 January 2018

Let us go to Wlmart

Hi All,
I was a bit reluctant about going to Walmart all the time. But, life happens and I want to get things I want for better price. 
Walmart happens to be just that. If you need to get grocery or household cleaners or paper products, Walmart is right around the corner. Even the brand name thigs are being produced in China or Bangladesh. 
Then, why not just go to Walmart, right? I still don't buy the nuts and chips from their Bulk Barn style bins. Most of the people I know are buying things from Walmart anyway.
So, let us go to the Walmart!
That is what I did on my investments. I bought 12 shares of the company at US$ 99.21/share . It was paying quarterly dividends of 0.51/share. If the company pays the same amount of dividends, then, my income will be increased by $24 by end of this year. 

When the disposable income shrinks, people tend to shop more at Walmart. They offer items at lower prices. With so many stores, there is no wonder they can get things at lower prices. Some articles mention the company as recession proof investment. I might buy more shares later in the year. 
What do you think of Walmart stores?


Monday, 15 January 2018

Increasing the savings

Hi All,
It is cold January. Flu season is on us. So, last weekend, I got the flu shot. I was concerned about the effectiveness of the shot. A little chit chat with the pharmacist put me on ease. The young lady told me the flu shot will not give me 100% protection. But, it will help to reduce the severity, in case I get the flu. The vaccine also give me some sort of immunity. She also said, the American and Canadian vaccines should not be the same. 

To me the vaccine is kind of protecting my ability to make more money. Since dental assistants won't get paid sick leaves, it is better to be healthy. On top of that, the vaccines are free. 

Since the minimum wages gone up, price of everything gone up too. The original plan was to live on one person's income. Since my spouse makes more than me, we were thinking to save my income and live on the other income. Since the other expenses went up and our income is staying the same, the plan is to save 50 to 75 % of my after tax income. Whatever dividend income is earned, it also going to get re invested. 

I am not sure it is going to work out that way. But, I am committed to move my money to another account when I get paid. Then, I am going to see how the bills are getting paid. 

What strategies you are trying to making sure there is some money saved?


Saturday, 6 January 2018

Goals for 2018

Hi All,
2018 just started already. I just looked on my blog stats and surprised to see that I got over 1,000 views last month. So far got just over 21,000 views from the beginning until now. I am very happy to see that. For this year, my plan is to have at least 50 blog posts. 

I have 16 likes on the Facebook page. Comparing to how much time I devote for promoting the page, that is still a great achievement. 

In 2018, my plan is to maximize the TFSA before contributing to the RRSP. The next goal is to figure out how much I am gaining as interest from Lending Loop. If that is achieved, then I want to add some more money to my account. I want to make $4000 in passive income this year. 

I never announced my yearly goals before. So, this is some thing new. I will keep you posted about how things are working out. 

Dividend Girl mentioned in her post that she will be writing about budgeting some time soon. I hope, that will motivate me to make budget of my own. Let us wait and see.

While I am missing on Netflix shows, I get time to read many blogs and books. 
What are your goals for the year? 

Friday, 29 December 2017

Passive income of 2017

Hi All,
Are you ready to say good by to 2017?

It was an year of changes for me: at least the last quarter. I worked a lot, got raises, and changed jobs. Yes, of course, invested more too.
This is the year I joined the Lending Loop. I did add $400 there. That is really fun. I know which companies receive my loans. But, how much is getting as interest, and how much is coming as principal repayment? I am not able to figure that out yet. I have to wait for the year end report for that and I don't like that. So, I have to find a way to figure that out on a monthly basis. Till that, I decided not to add more money to Lending Loop

My other passive income is from dividend investment. I know how much I invested and how much earned. 
December dividends totalled to $147.46. It is a bit lower than the November income. 
My inner desire was to have an annual dividend of $3000. The actual for 2017 is $2666.42. It is almost a month's income and i don't have to work for that!!!!

Now, I can pat myself on the back!
some of my stocks went down during the year. But, hey, the dividends are still coming.
How the 2017 for you?