As promised, I am fully disclosing my passive income on a regular basis. The first quarter of 2014 is already over and so is winter!!! Ah spring is finally at our gates. It’s been a though winter and I’m glad that the snow is finally melting!
Okay, so let’s take a look at my passive income. I get passive income from two sources, dividend stocks and online income derived from intellectual property I own.
Let’s see how it grows!
I have recently started this blog and I have recently started investing my time and money in creating streams of passive income so it might not look very impressive to you, but to me, it’s a great deal since receiving money for doing “nothing” really thrills me! I’m not used to it yet and I always feel like a kid when I get a “paycheck”. Unfortunately, I haven’t reached the threshold on my intellectual property passive income so no check has been sent to me, but the money stands in my unpaid earnings accounts.
So, between january and march 2014, I received 15.08$ from my intellectual property, 22,05$ from my McDonald’s stock investment and 17$ from my ownership in Jean-Coutu stocks. In total, I received 54,13$ in 3 months, which represents 18.04$/month.
I know, it only pays for my cat’s food and that’s about it!!! But, at least that’s income I wouldn’t have gotten anyways and I know it’s going to grow over time!
Some mistakes I made have reduced my income greatly. I will mention them here so you can avoid doing the same.
First, I did not confirm my address with Google Adsense and they temporarily suspended my account. So I can’t receive any income for pay-per-click ads anymore. I shall receive my confirmation code pretty soon and reactivate my account but it seems that it can take up to five weeks before receiving the code… If they ask you to confirm, just do it!!!
Second, I didn’t check the ex-dividend date when I purchased my stocks of Mattel and Exxon. Unfortunately, I missed both possibilities of receiving this quarter stock dividend and for one of them, I purchased the stock on the ex-dividend date. I already knew it, but you have to purchase it the day before the ex-dividend date if you want to be entitled to receive the dividend. If you don’t, the dividend goes to the previous owner… Bad move since I paid more for the stock on the ex-dividend date then what I would have paid the day before… This is lost income… But I think I paid a great price for the stock and in a couple of months, I won’t remember that I lost 1/4 of the annual dividend.
These mistakes will be fixed for the next quarter and I’ll try to avoid them in the future.
What about you? What was your passive income?
Image courtesy of bplanet / FreeDigitalPhotos.net