only difference in this year compare to previous is i worked less OT, my hourly rate goes up YOY, but my OT is unpredictable...
also thats only 1 one my T4s i have another that is with a different hospital but i was too lazy to pull it up, probably no more than a couple grand on top of the gross.

also i made like 7.8k in dividend income so you can add that to the gross(although part of that income is tax sheltered) as well.

gotcha, makes sense, thanks for clarifying..
I'm recently getting into the investing game. What do you make of the robo-advisor websites like Wealthsimple?

A lot of the principles in the book boil down to some basic financial common sense, there are other books that do a better job of explaining these at any rate. The rest is just lies and bragging. No, you aren't actually going to drive down to the courthouse and come back $60k richer.

Not having a go at you OP, just don't like seeing this guy get promoted to people who may be new to this

honestly i've never tried or heard of robo advisor, I had a mentor i met through work who gave me more insight on dividend growth investing. It was simply good timing i read the book "the lazy investor" by derek foster right before meeting my investing coach at the time

137k canadian?

So like $39 real dollars

I hope you like reading.

You NEED to read The Intelligent Investor by Benjamin Graham

Also you SHOULD read One Up Wall Street by Peter Lynch, You Can Be a Stock Market Genius by Joel Greenblatt and a Random Walk Down Wall Street by Burton Malkiel.

I would highly advise against starting to invest without learning the basic principles. I would recommend at least 5-10 books before delving into it yourself

I make this mistake and lost a good deal of money before actually understanding what I was actually doing

I can vibe with OP's ideology of creating something that will yield annual dividends with minimal effort... but there are a few things to consider:


1. SCALE. In order to generate consistent returns on on even a moderate risk portfolio, would require $1 million plus (1 mill @ 7% is only 70K net before taxes) to generate a passive income to live on. Getting the 1 mill in seed money? Your talking decades for the average person if its even feasible to begin with.


2. Most of the examples including Real Estate are to volatile to consider as a solid rev stream. Youtube can delete your account over night and EBOOKS? Yea good luck with that affiliate marketing nonsense.


3. Most passive rev streams involve the internet... one algorithm up date can make a business or investment model disappear overnight.





I can totally vibe with OPs attitude, always look for hustles and ways to bank... but you have to be rational about it or you will be broke in no time.

some solid ideas in this thread

This


But the thing is anyone can get compound interest working for them whether you are rich or poor.

whether you hustle by working extra hours on the weekend or whether you hustle online with your eBay account in your free time, you ain't ever gonna get ahead in life if you don't develop a solid work ethic.

Everybody knows that unless you got money first there's no point in obtaining skills to pursue passive income. Why bother spending forty hour week grinds just to make 30 cents lol. Why even bother listening to someone unless they can give detailed notations as well as give you money winning ideas step for step that you won't even follow anyways ? Trying hard on anything is a waste of time. **** work ethic let's all just **** on other people on misc because it's easier to disregard someone than do something about our own lives-90%of misc

Part of it is luck and timing and part of it is smart decisions. I owned a condo in Vancouver at 27 in a growing location, moved into another one and rented the first while also investing in stock w/DRIP with work income. I got lucky and started in stocks right in 2009, even though I only had 20k.

Sold the first place last year for 160k profit, 310k in stocks now, mortgage on 2nd place non-existent, and putting away 50k a year minimum.

The biggest advantage you have is time, passive income is no miracle, it's knowledge, discipline, smart decisions and leveraging advantages and tax breaks. Then the snowball effect kicks in, so start learning now.

My first job paid 26k (srs), now I'm a legit 140k a year with investments and work. I'll be retiring soon in South America.

No marriage btw, the things sloots do to try and lock me down is disgraceful, so be aware of life traps such as those (I.e., make smart decisions like not marrying sloots, wrap your dink and don't leave loaded condoms laying around!!)

well no **** you make 160k a year you save most of it and stick it in an index fund

its really not rocket science

why do you think this?

hmm didn't expect this thread to blow up but anyway this is one of my ebay acct sales i had (still gotta reinstate it for fee payment) i owe around 4 grand.

i have a stealth account that i profitize also..

but yea this is passive income and is the definition of it. i can outsource this work which i don't cause it takes 5 minutes a day to do. i have a supplier.

70k is profit.





do have a day job but work at home tho

doesnt it take a lot of time to process orders on ebay?

like 5 minutes. if i have 3-5 orders for 400 each item a day id take maybe 10 mins max.

then paypal is another 1-2 minutes cutting everything up.

looking to outsource tho.

After reading through this thread a little bit, I think laughable isn't the right word....More like embarrassing or scary.

OP wrecking noobs with that knowledge

Misc you might have made it when you forecast out your years passive income and its probably going to be more than you make in your job.

Imagine being paid your salary even if you didn't get out of bed.

And what if I told you everything OP says is true.

I'm currently reading master the money game by Tony Robbins. Any other recommendations for a novice investor just trying to get something started?

rich dad poor dad

don't worry about the "facts" of whether he had 2 days or whatever and if one was rich or not, the main thing you get from that book is a change of mindset

tl;dr OP made $1 in passive income, now creates thread for e-brag

10 pages later, am i the only one that realised that OP made this thread to get hits on his website and generate more of his "passive income", we're all sheep in the paddock boys

why bother? because we all have to start and learn somewhere. if all you think about is the money right away you are going to have a hard time waiting to enjoy the fruits of your labor. you have to remember there those who are genuinely curious about how things work whether its investing, coding, real estate, ebay flipping and will take as much time as possible to learn and BUILD before they can start making noticeable difference. some are lucky and it happens quick, some have to be patient but end of it all it will never happen if you don't take a chance.

toxic mentality brahGjdm, you had excellent timing, but overall you made smart choices. Overall though, timing is everything, and by that i mean just getting started and getting your money working at an early age. As much we think we can predict the market the truth is its wildly out of our control, but what isn't out of our control iswhenwe get started. The earlier you start the better you will be, not only for compound growth but if you already are set up with a brokerage account you can take advantages of bear markets right when it happens, sometimes these windows of values don't stay open for long and always being ready to take advantage put you that much ahead.

how long did you plan to retire in SA? I have been thinking of moving to a warmer area in the future and live like a "snow bird"
do you plan on living in SA for most of the year or jut live seasonally?

yeah i'm not married right now, and my girlfriend isn't pushing kids or marriage so right now my head is clear from that, but i have dated girls in the past who wanted to settle down within the first year and i ain't about that life lol

did you even read this thread?my dividend income alone is the equivalence of me having my own personal slave doing my bidding for 43 hours at Alberta's minimum wage (15$/hr)

its a riveting feeling brah

so you own a ebay store? yeah i'm not very educated or versed with making money off ebay. do you buy all your own inventory first then sell?there is lots of info to take in but if it makes you feel any better i did research for a solid 2 month before i made my first big investment which was like 6k at the time and i was chitting myself lulzzbetter get reading boyodon't make money off my blog.....yet

You guys are crazy over in the US. There are people out here in Austria called "property managers" who do all the work for you. I have two properties and I spent 5 hours in the whole year on each property: answering emails, doing taxes and such. Why the fuk don't you guys just get someone to do the work for you?

I'd rather just do some sort of job I enjoy. (srs)

If I had money coming in completely passively, cool. But I'm not going to spend hundreds of hours reading up on it, researching and then hundreds of hours more setting it up and getting it rolling. That's time I could spend getting better at my job and learning more about how to be better at it.

I think a lot of people in this thread are bored and this is where they want to put their massive amount of free time in. That's absolutely fine.

the drive to create enough passive income doesn't come from boredom, it comes from me valuing my time enough that i don't ever want to be in a situation where i have to let upper management/customers(if i ran my own business) be my boss and have them dictate my only non renewable resource which is time. Aint no better feeling of a position than the position of Fuk you...

I wrote a nice and long reply that threw an error code and I'm peeved with to not want to rewrite it. Cliff's:

Every thread like this has value because of the discussion it generates. People who only focus on bitching or demanding proof will never see the value.

I made 30k from miscing last year, because I pay attention and keep the value. There is definitely monetary value in this thread that I can capitalize on (easily at least 10k that I'm aware of). Let the salt stay salty.

Learn to spot opportunity,and learn how to apply skills and thinking to generate monetary return. Knowledge is free, thinking outside of the box require practice,and everybody's sleeping on it being lazy.

Sup OP? My name is Ace and I am 23 years old and living in Alberta, Canada. Since you are here I would assume it is because you are interested in dividend growth investing to pursue a greater wealth, and possibly financial independence. First I would like to applaud you for taking an interest in your finances as well as finding a way to enhance your life with less. Not a day goes by where I wish I started earlier, but nevertheless its better late than never.

To start I am a first generation Canadian. Although my parent did not have much they immigrated to Canada from Korea in their 20′s in pursuit of a better life. I was born in Edmonton Alberta and for the first couple years we lived in a small apartment in the city where my mom worked in a small restaurant serving and preparing food, and my father worked for my aunt who happened to own a vegetable farm. During those years in the my parents managed to save enough money to buy a small grocery store in a village called Edgerton.

Other than living with my grandmother from the time I was born to the time I graduated high school my life was not a whole lot different than any of my peers growing up. There was one thing I did notice and it was that my parents never went on a vacation. I can only recall on one occasion where my parent actually closed the doors in their grocery store on a non-statutory day to go for a holiday with the family. Nevertheless I had a pretty good exposure to some solid work ethics growing up. Regardless I feel as though I didnt quite catch on until just recently. As all my teachers in high school would say to my mom and dad, Ace, well he has a lot of potential

Fast forward to when I was 17 I really did not have any drive or particular interest in my future, in fact I had no direction what so ever! My mother on the other hand made it very clear to me everyday that year I needed to figure out what I was going to do with my life. Ill be honest, I dont think Ill ever know what I want to do for the rest of my life. However, even though I resented my mom at the time for always being on my case I am so grateful she put up with my negative attitude and pushed me to go into something I didnt even want to do in the first place. (so if any of you reading this are going through anything similar please remember your parents have your best interests at heart) What my mom had me enroll in was a program delivered at a technical school where I would learn about the technology behind lab and x-ray equipment. Fortunately for me I managed to graduate high school early at 17 and with the helping push from my parents I didnt waste anytime going start to post secondary after graduation.

After I finished my program(it was only a 2 year program) I got an early start to a great career. I was 19 when I landed my first job in rural Saskatchewan with the intent to stay no longer than 3 years. Life seemed to be great, I was finally on my own, loved my job, getting plenty of work, and making lots of new friends. However it didnt take long before I started to live above my means. In fact, I made terrible financial decisions. It was June 2010 when I started working and making an income, and looking back that was the time I should have started investing and saving. I was so dense that I even had my bank call me on several occasions telling me that I shouldnt keep all my money in a checking account. But did i listen? Nope. Instead I traded my small truck (which was paid off) which worked perfectly fine to buy a temperamental flashy sports car which was already modified not exactly my proudest moment. It was only a matter of time before that car would break down on me. In fact, during the time my super cool flashy sports car started to break down so did the relationship between me and my first girlfriend. Well one cringe worthy event after another, my response to that break up was buy another cool sports car. Yep, banks and car sales men sure loved me.

Shortly after the 3 year mark hit while I was in Saskatchewan I stayed true to my words and left my job to start a new life in Northern Alberta. On January 2,2013 was the day I arrived to a remote community in Northern Alberta. Moving up here was a huge change to my life I had in southern Saskatchewan. Not only that but it was a huge change to the amount of income I was generating as well. So I guess this blurb about me cant end without at least one more screw up. So basically, that fancy sports car I purchases post break up I ended up trading that to purchase a new full sized pickup truck. However, where I live I bought that truck out of partial necessity for I almost killed myself in my sports car on those icy dark roads. I probably should have bought a cheaper older truck but at the time I bought it future Ace wasnt a priority. Despite all the extra income I was generating, I was still not happy. I felt like had no direction in life and that I was forever just going to be a consumer. It came to a point where I started to believe that the purpose of life was to continually buy something pay it off and then repeat the cycle. In short, it seemed like the only thing that would make me happy was the thing that also me made depressed and that was trading my time for things I didnt need or truly valued.

Moving to more recent times, It was about mid October 2013 when I picked up the book, The Lazy Investor by Derek Foster. That book opened my eyes, as to how I viewed money. And I promise you I wasnt paid to say or even mention the book. I myself am not a huge book reader but Dereks work for me was very easy to read and understand. And it lit a fire under me to start thinking about future Ace.It really didnt take long before I became infatuated with the stock market and passive income. Despite my poor spending habits, I did always made a point of paying things off as fast as I could to keep debt to a minimum so it gave me a good starting point. For those of you who are reading probably wondering how I was able to pay off such debts in a short amount of time. When I moved to Saskatchewan my parents actually had a hotel business they purchased prior to me becoming a lab/x-ray tech so for the first several years of work I was able to live rent free. that would be one of the biggest contributions to my success with keeping debts low.

I truly do believe investing is simple. A good friend of mine who also happens to be a very successful investor let me in on his secret,

only invest in the best of the best

Sorry Mark for spilling the ultimate secret in successful investing but Im sure you dont mind.

Throughout this blog I will try and keep things as simple as possible. In a way this is a personal diary of my new and improved frugal lifestyle and will keep me accountable for all my action. By sharing my journey I hope to help inspire others to take the road less traveled. Thank you for visiting my blog and I hope I hear from you in the future

I've got a fitness orientated ******** page(mainly females that squat) with 40,000 likes ...what's the best way to monetise it?

I've tried mylikes...but ******** are banning accounts using it
I've tried setting up a website with google adsense and driving traffic to it from my ******** page but earnt peanuts

/thread