Passive Income Investing - How to Earn Money through Dividends

Passive Income Investing 

How to Earn Money through Dividends 

View my monthly dividend payments in my

YouTube channel Eternalson17

Wealthsimple Monthly Dividend Payments

Earn $3000 cash from Wealthsimple by signing up here

 

RRSP MONTHLY DIVIDEND PAYMENTS

2022 NOVEMBER       

WEEKLY INCOME = $31

Nov 15 - ENS = $6.11

Nov 15 - EIT.UN = $5.20

Nov 15 - RS = $0.91

Nov 14 - LBS = $8.90

Nov 14 - GDV = $8.10

Nov 14 - SBC = $1.00

Nov 14 - PWI = $0.93

WEEKLY INCOME = $57

Nov 10 - DFN = $35.20

Nov 10 - FTN = $12.19

Nov 10 - SDIV = $1.81

Nov 10 - HYLD = $1.26

Nov 10 - HDIV = $1.13

Nov 10 - INC.UN = $1.02

Nov 10 - GLCC = $1.08

Nov 10 - DS = $0.94

Nov 9 - HDIF = $0.99

Nov 8 - JEPI = $1.62

WEEKLY INCOME = $10

Nov 1 - SVOL = $3.49

Nov 1 - QYLD = $2.66

Nov 1 - RYLD = $1.60

Nov 1 - XYLD = $1.09

Nov 1 - FCO = $2.19

-----------------------

2022 OCTOBER

Oct 31 - CLM = $61.85

Oct 31 - GOF = $2.48

Oct 31 - FAP = $0.92

Oct 17 - BSO.UN = $1.65

Oct 17 - PWI = $0.40 

Oct 17 - GDV = $8.10

Oct 17 - DGS = $225.90

Oct 17 - SBC = $0.70

Oct 17 - LBS = $8.90

Oct 14 - EIT.UN = $5.20

Oct 14 - RS = $0.52

Oct 14 - ENS = $6.11

Oct 13 - SDIV = $1.17

Oct 13 - GLCC = $0.81

Oct 13 - HDIV = $1.00

Oct 13 - HYLD = $0.70

Oct 11 - JEPI = $0.66

Oct 7 - FTN = $12.19

Oct 7 - DFN = $35.20

Oct 7 - HDIF = $0.42

Oct 7 - DS = $0.47

Oct 7 - INC.UN = $1.02

Oct 3 - SVOL = $3.49

__________________________________

ADVANTAGES OF DIVIDEND INVESTING 

1. Passive Income on a regular basis 

2. Consistent and predictable cash flow 

3. Less stressful, not worrying about daily market fluctuations 

4. Lesser work and time compared to actively choosing stocks for day trading 

5. Buy and Hold strategy means no need to time the market to Sell stocks or shares

6. Earn more money through compounding by using dividends to buy more shares 

7. Earn more distributions when companies increase the amount of dividends

8. Save on fees and  commissions by using DRIP - dividend reinvestment plan

9. Proven & Tested way to earn money and build wealth 

10. Minimize risk by investing in well diversified ETFs, closed-end income funds and split funds 

11. Buying at a low price or at a discount increases dividend yield 

____________________

DISADVANTAGES OF DIVIDEND INVESTING 

1. Dividends are taxed more than capital gains 

2. Reduced or no dividends during recession or market crash 

3. Prices of dividend-paying funds or stocks grow or appreciate slower

4. Need to wait a month, or a quarter to receive dividends 

____________________

HOW I EARN MONEY THROUGH DIVIDENDS 

1. Save consistently 

2. Buy regularly 

3. Take advantage of buying at a low price 

4. Buy diversified ETFs, closed end income funds, split funds to minimize risk

5. Buy and Hold strategy 

6. Reinvest my dividends to buy more shares 

7. Wait for my monthly dividend 

-----------------------------------

Top 30 Highest Dividend Paying Stocks

ETFs - 10: 

1. GLCC

2. HDIF

3. HDIV

4. HYLD

5. JEPI

6. QYLD

7. RYLD

8. SDIV

9. SVOL

10. XYLD

----------------------------

ETNs - 2:

11. SLVO

12. USOI

----------------------------

CLOSED-END FUNDS - 9:

13. BSO.UN

14. CLM

15. DS

16. EIT.UN 

17. FAP

18. FCO

19. GOF

20. HGLB

21. INC.UN 

----------------------------

SPLIT FUNDS - 9:

22. DFN

23. DGS

24. ENS

25. FTN

26. GDV

27. LBS

28. PWI

29. SBC

30. RS

____________________

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====== $$$ ======

Rental Property Purchase Analyzer & Mortgage Calculator

      Rental Property Purchase Analyzer & Mortgage Calculator

Rental Property Cash Flow Analysis

Mortgage Calculator

To change and adjust the values, go to:

$

Rental Property Purchase Analyzer
$
Mortgage Calculator

25k a year = 100k in 4 years

$25,000 per year ------- $2100 per month ($70 per day)

   $701
+ $702
+ $703
-------------
   $2100

$2100 x 12 = $25,000 per year


2016 = $25,000
2017 = $25,000
2018 = $25,000
2019 = $25,000 ------------ $100,000  per  4 years

2020 = $125,000
2021 = $150,000
2022 = $175,000
2023 = $200,000 ----------- $200,000 after 8 years

2024 = $225,000
2025 = $250,000
2026 = $275,000
2027 = $300,000 ----------- $300,000 after 12 years

2028 = $325,000
2029 = $350,000
2030 = $375,000
2031 = $400,000 ----------- $400,000 after 16 years


TOTAL  after 16 years
$400,000

(cost of house)

How to change primary paypal email address - full bank account number

Changing a primary email address in paypal is very important especially if your primary email is compromised or disabled.  This is the email address where transaction information is sent.  Unfortunately, Paypal has inaccurate terminologies regarding bank account numbers.

The message says that before changing your primary email address, the system wants to make sure that you are the owner of the account and thus it is asking your full bank account number.

The word "FULL" that was used is misleading and incorrect.  I have tried putting in the complete 5 digit branch code, the 3 digit institution code, and the 7 digit account number. This failed. 

Next I tried to input only the branch code and the account number, it failed again. 

I have to wait for one day for fear that after 3 attempts, the system might lock out my account.

So the next day, I just entered the 7 last digits of my account number, and lo, and behold, it is finally a success.


How to change primary Paypal email address:

1. Log in to Paypal
2. My Account
3. Profile
4. Add or Edit email
5. Add new email address
6. Go to your new email and press to Confirm
7. In Paypal, My Account
8. Profile
9. Add or Edit email
10. Select the (confirmed) new email address
11. Confirm
12. After it is confirmed, select this new email address
13. Make Primary

* At this point, it will ask you to enter the "Full" bank account number"

14. Enter the last 7 digits of your bank account number


Note:
Some people said they have succeeded in putting just the last 6 numbers of their bank account.


Conclusion:
Paypal should define precise formatting of the required bank account numbers.

Example of Authorization Letter to Withdraw & Deposit Money

                               
                                Sample FINANCIAL AUTHORIZATION LETTER


24 Aug 2013


To: ABZ FAMILY BANK - Legaspi Branch

Re: Authority to Withdraw and Deposit Funds



Dear Sir/Ma’am:

This letter is to authorize Jane Smith to act on my behalf regarding my bank account number 1234-5678-90.

I am giving my authorization to the above mentioned representative to withdraw and deposit money while I am out of the Philippines.



Sincerely Yours,

signature

John Smith
234 Queen Rd.
Victoria, BC
A2B 1C3 Canada

See also:

 

SAMPLE LETTERS:

Sample Letter of Authorization to Pickup Package

 

Example of Authorization Letter to apply for Canadian Passport for somebody

 

Sample of Life Insurance Cancellation Letter

 

Example of an Autobiography

 

Sample Autobiography Format

 

MONEY:

Advantages of Consumer Proposal over Filing for Bankruptcy

 

5 Ways How to Wisely Manage & Control your Credit Card Expenses

 

Monthly Income & Expenses of a Typical Single, Young Professional in a Committed Relationship

 

How to stay financially healthy and stable (Do's and Don'ts)

 

Term Life and Universal Life Insurance

 

How to save 10 million Pesos in 20 years for retirement in the Philippines

 

INVESTMENT:

How to achieve financial investment success with your financial adviser

 

How to diversify on the types of investments for your personal investment portfolio

 

Personal investment styles & Risk tolerance of investors

 

MORTGAGES, LOANING, OWNING, BUYING, REFINANCING, SELLING, MAINTAINING a Home, House, Condo, Property, Real State:

 

   

How to achieve financial investment success with your financial adviser

- Save money regularly
- Setup your investment goals and financial objectives
- Establish an excellent relationship with your financial adviser
- Make sure your financial adviser understands your financial plan for the future
- After your financial adviser understood your financial objectives and goals, he/she should come up with a printout that outlines your financial plan indicating your financial goals, current financial situation, personality, age, degree of conservativeness, level of aggressiveness, and risk tolerance.
- Your financial adviser should come up with an investment strategy and investment portfolio tailored according to your financial situation, preferences, risks levels, expectations, goals, plans, and objectives
- Ensure a regular automatic investment amount taken monthly, bi-weekly, or weekly debit from your bank account
- Diversify. This is an essential investment strategy as it allows a reasonable asset mix of the types of investment for your portfolio allowing you to compensate for loses as well as take advantage of substantial gains
- Contribute regularly to your Registered Retirement Savings Plan (RRSP) as its growth is sheltered from tax
- Regular updates, new information, monitoring and analysis of the performance and opportunities of your investment portfolio
- Ask for recommendations, solutions,  and strategy on how to meet and attain your financial goals and investment objectives
- Feel free, open and honestly bring out questions and concerns to your financial advisor and make sure you understand his or her answers, explanations, and solutions

How to stay financially healthy and stable (Do's and Don'ts)

Do's:
- Pray. It takes away your worries.
- Take care of yourself and your loved ones. Health is wealth!
- Love your job. Once you found a great job, you enjoy it, and extremely happy with your work, stick to it unless you have a far better alternative and absolutely sure it's worth it
- Save money on a regular basis and set it up automatically by direct debit from your bank account
- Save extra money for sudden financial emergencies and contigencies
- Be insured. Get life insurance, home insurance, auto, car (vehicle) insurance, and other necessary insurances to ensure peace of your mind
- Fund a registered retirement savings account
- Eliminate your debts. The longer they stay, the more painful it is for you
- Prepare for the unexpected
- Buy only what you need
- Control your spending
- Monitor and keep track of your income and expenses. Record daily expenditures so that you know exactly where your money is going
- Have only one credit card and keep your credit limit as low as possible
- Pay the full balances of all your credit cards to avoid those sky-rocketing interest rates which brutally rob you
- Pay your bills on time to maintain a good credit rating and excellent credit history
- Setup pre-authorized monthly debit to pay your bills and get rid of headaches and hassles
- Develop and implement an effective realistic monthly budget
- Set your financial goals on the short term (less than 5 years), intermediate (5-10 years) as well as long term (over 10 years) objectives
- Know your financial priorities. Avoid temptations
- Invest and diversify your investment portfolio
- Invest on things that appreciate in value over time (such as education, real state, property)
- Whenever you plan to loan or borrow money, make sure you have a working plan to repay it on time and thus minimizing interest rates and avoiding unwanted fees
- Seek the advise and help of financial advisers, counsellors, and financial experts
- Ensure that you have an up to date Will and Power of Attorney
- Do whatever it takes for the good of yourself, your family, relatives, community, country, and to the world. All good works will never bear bad fruit.

Don'ts:
- Don't cheat yourself and others
- Don't buy what you can't afford
- Don't spend more than you earn
- Don't use your savings to pay your bills
- Don't use money set aside for something to use it for another thing. Never do this!
- Don't take it for granted. Avoid those "Buy now, pay later", "No payments 'til next year" schemes and traps
- Don't borrow from one creditor to pay another debt. Don't use a credit card (or withdraw cash advance) to pay another credit card company

*** :) ***

Relax. Time is your friend. Grow old gracefully with peace of mind! Enjoy the rewards of your hard labour throughout those years!!!