Second Dividend Increase of the Year



Hi everyone today I just wanted to share with you a dividend increase I received back on January 23rd. Canadian National Railway when they released their earnings announced a 10% dividend increase.

About The Company

Canadian National Railway Company is engaged in the rail and related transportation business. The Company’s network of approximately 20,000 route miles of track spans Canada and mid-America, connecting approximately three coasts, including the Atlantic, the Pacific and the Gulf of Mexico and serving the cities and ports of Vancouver, Prince Rupert (British Columbia), Montreal, Halifax, New Orleans, and Mobile (Alabama), and the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary, Chicago, Memphis, Detroit, Duluth (Minnesota)/Superior (Wisconsin), and Jackson (Mississippi), with connections to all points in North America. Its network and connections to all Class I railroads provide its customers access to the three North American Free Trade Agreement nations. It carries over 300 million tons of cargo, serving exporters, importers, retailers, farmers and manufacturers. Its freight includes seven commodity representing a portfolio of goods.

(Source: RBC Direct Investing)


Canadian National Railway entered my portfolio last September and this is the first raise I received from the company. I currently own 15 shares and with this raise my annual income will increase by $2.52.


Thanks for reading and congrats to my fellow shareholders on the raise.



January 2018 Dividend Income


Hello everyone and welcome to my favorite post. In this post I get to share with my my income that I received from my investments. As I write this post the market has just finished it’s third day of declines. All I can think about is trying to find some cash to buy more shares. If your a long term investing horizon don’t be concerned view this as a buying opportunity.

Let’s get to the fun shall we. My portfolio currently consists of two accounts, soon to be joined by a third account (hopefully sometime in February). These accounts are my Tax Free Savings Account (TFSA) and the Registered Retirement Savings Plan (RRSP). Last January I received $377.99, this year I am happy to report that I received $436.34 an increase of $58.35. I had 16 stocks and 1 ETF pay me last month.


January 2017 January 2018
Artis Real Estate Investment Trust $13.95 $13.95
Boardwalk Real Estate Investment Trust $17.63 $0.00
Boston Pizza Royalties Fund $12.31 $12.31
Chorus Aviation $10.92 $17.28
Corus Entertainment $6.56 $17.48
Inter Pipeline $17.87 $18.52
The Keg Royalties Income Fund $20.22 $20.68
ZCL Composites Inc. $10.16 $27.24
Plaza Retail Real Estate Investment Trust $11.25
Canadian Apartment Properties REIT $8.85
Total $109.62 $147.56

January was the second best month for my TFSA account. This was because of my increased investments in Chorus Aviation, Corus Entertainment and ZCL Composites Inc. Plaza REIT and Canadian Apartment Properties REIT are new as they replaced Boardwalk REIT late last year. Inter Pipeline and The Keg are slightly higher due to dividend increases.


January 2017 January 2018
Algonquin Power & Utilities $42.78 $44.87
BCE $75.08 $78.93
BMO US Dividend ETF $27.71 $33.53
Leon’s Furniture $0.10 $0.12
North West Company $0.31 $0.32
Pizza Pizza Royalty Corp $16.76 $16.76
Telus $48.00 $50.50
TransCanada $57.63 $63.75
Total $268.37 $288.78

The numbers are higher with every investment above (except Pizza Pizza) due to dividend increases.

Dividends From 2016-2018

Dividend Goal Meter

I’ve brought the dividend meter back for another year. This year I have a goal of wanting to receive $6,000 in dividends. 2018 is off to a good start for me.


January was a very busy month for me in this area I made several buys and sells.


  • Corus Entertainment
  • Realty Income Corp.
  • Bank of America
  • Johnson & Johnson
  • Microsoft


  • Westjet
  • Nutrien
  • Exco Technologies


Dividend Increases

Received two raises in Janaury.

  • Canadian Utilities raised their dividend 10% to $0.3933
  • Canadian National Railway raised theirs 10% as well to $0.455


Well folks that wraps up my January report as you can see it was a good month for me. I hope everyone also had a great month. Let’s let me know how you did in the comment section.




New Stock Purchases For The Portfolio


Hello everyone and welcome to my newest post. In this post I will tell you about the recent stock purchases I have made. Last Monday I sold three stocks and I revealed them to you a couple days ago in the post titled Recent Sells. If we go back to last week I detailed my 2018 investing strategy, in that post I mentioned that I wanted to diversify as my portfolio was weighted too much in the Canadian market. Last Tuesday I took the first step towards fixing that.

On Tuesday January 23rd I purchased first US stock (4 to be exact). This is the first time I have owned a US stock since Nov 2016. Looking back on things I wish I hadn’t sold my stocks at that time. But we all make mistakes and learn from them. With these four purchases I not only improved my geographic diversification but also my sector diversification. Before last Tuesday I did not have any exposure to the tech and health care sectors, today I can tell you I have taken care of that.

Let’s get to the stocks shall we. Just to let you know all the new stocks are in my RRSP account so I don’t pay any taxes on the dividend income.

Stock #1


About Johnson & Johnson

Johnson & Johnson, together with its subsidiaries, researches and develops, manufactures, and sells various products in the health care field worldwide. It operates through three segments: Consumer, Pharmaceutical, and Medical Devices. The Consumer segment offers baby care products under the JOHNSON’S brand; oral care products under the LISTERINE brand; beauty products under the AVEENO, CLEAN & CLEAR, DABAO, JOHNSON’S Adult, LE PETITE MARSEILLAIS, NEUTROGENA, RoC, and OGX brands; over-the-counter medicines, including acetaminophen products under the TYLENOL brand; cold, flu, and allergy products under the SUDAFED brand; allergy products under the BENADRYL and ZYRTEC brands; ibuprofen products under the MOTRIN IB brand; and acid reflux products under the PEPCID brand. This segment also provides women’s health products, such as sanitary pads under the STAYFREE and CAREFREE brands, and tampons under the o.b. brand; wound care products comprising brand adhesive bandages under the BAND-AID brand and first aid products under the NEOSPORIN brand. The Pharmaceutical segment offers various products in the areas of immunology, infectious diseases and vaccines, neuroscience, oncology, and cardiovascular and metabolic diseases. The Medical Devices segment provides orthopaedic products; general surgery, biosurgical, endomechanical, and energy products; electrophysiology products to treat cardiovascular disease; sterilization and disinfection products to reduce surgical infection; diabetes care products that include blood glucose monitoring and insulin delivery products; and disposable contact lenses. The company markets its products to general public, retail outlets and distributors, wholesalers, hospitals, and health care professionals for prescription use, as well as for use in the professional fields by physicians, nurses, hospitals, eye care professionals, and clinics. Johnson & Johnson was founded in 1885 and is based in New Brunswick, New Jersey.

Source (Yahoo Finance)

Sorry about using the long description, Johnson & Johnson is such a big company I thought it best to use this description. Johnson & Johnson has been raising their dividends for decades, and when I decided to start buying US stocks this was at the top of the list. By buying this stock it takes care of the health care sector for me, allowing me to diversify my portfolio better.

The Buy

On January 23rd I bought 8 shares at $147.02. It is a small buy but it’s all the money I had, and I figure it’s better to make the investment get your money working for you.


I thought I would provide a chart of the rising dividends, the company has been paying dividends a lot longer than 1997 just thought I would provide a brief history. Johnson and Johnson pays a quarterly dividend of $0.84. The payout ratio is currently 57.04% so there is really no worry of them deciding to stop raising the dividend.

With my purchase my annual dividends will rise  $26.88US ($33.11 CDN at today’s exchange rate).

Stock #2

A Bank of America logo is seen in New York City

About Bank of America

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates through four segments: Consumer Banking, Global Wealth & Investment Management, Global Banking, and Global Markets. The Consumer Banking segment offers traditional and money market savings accounts, CDs and IRAs, noninterest- and interest-bearing checking accounts, and investment accounts and products, as well as credit and debit cards, residential mortgages and home equity loans, and direct and indirect loans. This segment provides its products and services through approximately 4,600 financial centers, 15,900 ATMs, call centers, and online and mobile platforms. The Global Wealth & Investment Management segment offers investment management, brokerage, banking, and retirement products, as well as wealth management and customized solutions. The Global Banking segment provides lending products and services, including commercial loans, leases, commitment facilities, trade finance, real estate lending, and asset-based lending; treasury solutions, such as treasury management, foreign exchange, and short-term investing options; working capital management solutions; and debt and equity underwriting and distribution, and merger-related and other advisory services. The Global Markets segment offers market-making, financing, securities clearing, settlement, and custody services, as well as risk management, foreign exchange, fixed-income, and mortgage-related products. Bank of America Corporation was founded in 1874 and is based in Charlotte, North Carolina.

Source: (Yahoo Finance)

With Bank of America I have added a US bank which I believe is going to do quite well over the long term. Bank of America struggled during the financial crisis but it is getting more efficient, profits are rising and as a dividend investor I should see the bank continue to raise the dividend as their payout ratio is very low.

The Buy

I purchased 36 shares at $31.86 for a cost of $1,156.95 (trading fee included).


As you can see when the financial crisis hit the bank cut it’s dividend drastically only paying $0.01 per share quarterly. In 2014 the bank’s health started improving and dividends started rising again. Today the bank pays $0.12 quarterly and the dividend payout ratio is 19.71%.

With my purchase my annual dividends will be $17.28 US ($21.29 CDN).

Stock #3

Realty Income Corp

About Realty Income Corp.

Realty Income, The Monthly Dividend Company, is an S&P 500 company dedicated to providing stockholders with dependable monthly income. The company is structured as a REIT, and its monthly dividends are supported by the cash flow from over 5,000 real estate properties owned under long-term lease agreements with regional and national commercial tenants. To date, the company has declared 568 consecutive common stock monthly dividends throughout its 48-year operating history and increased the dividend 93 times since Realty Income’s public listing in 1994 (NYSE: O). The company has in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology, and capital markets capabilities.

Source: (Yahoo Finance)

Who doesn’t love a good REIT (Real Estate Investment Trust) am I right? What caught my eye was the 93 dividend increases since 1994. What also caught my eye was the number of fellow investors buying the stock, after reading about their purchases I decided to take a look at the company.

The Buy

I purchased 22 shares at $54.02 per share. The cost was $1,198.43 (trading fee included).


Realty Income Corp currently pays a monthly dividend of $0.219.

With my purchase my annual dividends will increase by $57.84 US ($71.25 CDN).

Stock #4


About Microsoft

Microsoft Corporation develops, licenses, and supports software products, services, and devices worldwide. The company’s Productivity and Business Processes segment offers Office 365 commercial products and services for businesses, including Office, Exchange, SharePoint, Skype for Business, and related Client Access Licenses (CALs); Office 365 consumer services, such as Skype,, and OneDrive; Dynamics business solutions, such as financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and mid-size businesses, large organizations, and divisions of enterprises; and LinkedIn online professional network. Its Intelligent Cloud segment licenses server products and cloud services, such as Microsoft SQL Server, Windows Server, Visual Studio, System Center, and related CALs, as well as Azure, a cloud platform with computing, networking, storage, database, and management services; and enterprise services, such as Premier Support and Microsoft Consulting that assist in developing, deploying, and managing Microsoft server and desktop solutions, as well as provide training and certification to developers and IT professionals on Microsoft products. The company’s More Personal Computing segment comprises Windows OEM, volume, and other non-volume licensing of the Windows operating system; patent licensing, Windows Internet of Things, MSN display advertising, and Windows Phone licensing system; devices, including Microsoft Surface, phones, and PC accessories; and search advertising, including Bing and Bing Ads. This segment also provides gaming platforms, including Xbox hardware, Xbox Live, video games, and third-party video games. The company markets and distributes its products through original equipment manufacturers, distributors, and resellers, as well as through online and Microsoft retail stores. The company was founded in 1975 and is headquartered in Redmond, Washington.

Source: (Yahoo Finance)

By buying Microsoft I gain exposure to the tech sector. Microsoft is a very profitable company and has been raising their dividends since 2011 so that caught my eye.

The Buy

I purchased 11 shares at $91.90. The cost was $1,020.89 (including trading fee)


Microsoft currently pays a quarterly dividend of $0.42. Their payout ratio is 55.12% so they have room to continue to grow their dividends.

With my purchase my annual dividends will grow by $18.48 US ($22.76 CDN)

So everyone what do you think my purchases? I believe that these four stocks will help me grow my income over the long term. Now that I have purchased US stocks again I am going to take it slow, right now the plan is to try and build up my position in each company.

Please feel free to comment below I always enjoy your feedback.

Thanks Matthew

Check Out

Recent Sells


Hello everyone can’t believe there are only two more days left in January. Today I am going to share with you the recent stocks I have sold in my portfolio. I don’t normally like to sell any stocks, at the time of purchase I always tell myself that I’m going to hold it for a long time. But sometimes you need to change things up for various reasons. On January 22nd, 2018 I sold three stocks in my RRSP (Registered Retirement Savings Plan) account.

The stocks that I will mention below were sold because:

  1. Wanted to diversify my portfolio
  2. Didn’t raise dividend lately
  3. Fell out of favour
  4. There are better companies out there to invest in.


The first stock that I sold was.

Nutrien Ltd

About Nutrien Ltd.

Nutrien Ltd is Canada-based crop nutrient producer and distributer of potash, nitrogen and phosphate products for agricultural, industrial and feed customers worldwide. The Company is focused on retail, potash, nitrogen and phosphate mining and processing operations. The Company’s retail operations serve growers in a number of countries across the United States, Canada, South Africa, Australia and South America. The Company operates six potash mines in Saskatchewan and has a mine in New Brunswick in care-and-maintenance mode. The Company operates integrated phosphate mining and processing facilities, as well as a number of smaller upgrading plants in the United States.

(Source: RBC Direct Investing)

Nutrien Ltd is a new company as of January 1st, 2018 it was created when Potash Corp of Saskatchewan and Agrium merged. I received shares of the new company because I owned shares of Potash Corp at the time of the merger. With the new there is no dividend as of yet.

I sold this company because after reviewing all of my stocks  I didn’t see it as a core holding, and I wanted to diversify my portfolio.


I came out slightly again I gained 1.46%

The second stock I sold was Westjet.


About Westjet

WestJet Airlines Ltd. is a Canada-based company, which provides airline service and travel packages. The Company operates WestJet Vacations, which provides air, hotel, car and excursion packages, and WestJet Encore, which is a regional airline that operates a fleet of turboprop aircraft in a network of destinations in Canada and the United States. Its airline offers scheduled service to over 100 destinations in North America, Central America, the Caribbean and Europe with its fleet of over 110 Boeing 737 Next Generation aircraft, over 30 Bombardier Q400 aircraft and over four wide-body Boeing 767-300ERW aircraft. It serves over 180 destinations. Its destinations include the United States; international sun destinations, and new London Gatwick routes. It offers vacation packages to Marina El Cid Spa and Beach Resort Riviera Maya; The Venetian Resort and Casino and The Palazzo Resort Hotel Casino in Las Vegas, and Half Moon, A Rock Resort in Jamaica.

(Source: RBC Direct Investing)

Selling Westjet was a tough choice for me I like the company, however I sold because they haven’t raised their dividend in a couple years and I don’t see them doing it anytime soon (knowing my luck they will raise it soon lol). The reason why I don’t see them raising the dividend soon is because they are busy setting up a new airline a Ultra low-cost airline called Swoop which will take to the skies in 2018. Also the airline is currently receiving new airplanes from Boeing and Bombardier which are costly. In the next couple of years Westjet will receive it’s first wide-body aircraft B787s.

If all of Westjet’s initiatives are successful I could see them raising their dividend in the future, but I am not a fortune teller. Now I will say I will keep my eye on Westjet and this stock come become a candidate to buy for my TFSA (Tax Free Savings Account) in the future.


I came out again once again, when I sold I had a gain of 18.48%


With this sale I will lose $28 in annual dividends


My third and final sale was Exco Technologies.


About Exco Technologies

Exco Technologies Limited is a designer, developer and manufacturer of dies, molds, components and assemblies, and consumable equipment for the die-cast, extrusion and automotive industries. The Company’s segments include casting and extrusion, and automotive solutions. The casting and extrusion segment designs, develops and manufactures die-casting and extrusion tooling, and consumable parts for both aluminum die-casting and aluminum extrusion machines. The casting and extrusion segment operates in North America, South America and Thailand, and serves automotive and industrial markets. The automotive solutions segment designs, develops and manufactures automotive interior trim components and assemblies for passenger and light truck vehicles. The automotive solutions segment is engaged in Polytech and Polydesign businesses, which manufacture synthetic net and other cargo restraint products, injection-molded components, shift/brake boots, related console components and assemblies.

(Source: RBC Direct Investing)

I purchased Exco last March, this company had practically zero debt and had raised it’s dividend for either 10 or 11 years in a row. What’s not to love right? Somewhere between March and January 2018 this stock fell out of favour with me, I couldn’t see buying more shares in the near future. Maybe it was because the stock price dropped quite a bit after I purchased my shares? I don’t know.


On this stock I lost money, at the time of the sell the share price was down 17.68%.


With this sell I will lose $32 in annual dividends.


Well what do you think of these sells? I can tell you I am pretty excited about the stocks I replaced them with. I will post Thursday about those purchases. Please feel free to leave a comment below.



My 2018 Investing Strategy

My 2018

Hello everyone and welcome to my 2018 investing strategy post. Tell me do you come up with an investing strategy? I have never had a strategy before and I am really looking forward to see if this helps me achieve my goals. Back in late December and early January I decided I wanted to try and focus on growing my portfolio and the value of that portfolio, also diversifying the portfolio. How was I going to do it? I could invest more money, buy more stocks etc. That is why I decided that I needed a strategy to help me accomplish my goals.

2018 Goals

Just to refresh my investing goals for this year are to invest at least $10k and to receive at least $6k in dividends.

Well those goals are great and all, but what would I do with that $10k that I invested buy all new stock? Buy more shares of the same stocks I own? Leave it in cash?


  1. At the beginning of the year I made the decision that I didn’t want to buy many new stocks maybe two or three, this year I was going to try and focus mostly on growing my position in the stocks I already own.
  2. Also I plan on diversifying my portfolio currently 85.2% of my value is in the Canadian market that is far too much.  I plan on buying US stocks once again.
  3. Replace non-core stocks that don’t increase their dividends as often with stocks that raise theirs more frequently.

Locked In RRSP

If you have been reading my blog for awhile you will have noticed that I haven’t mentioned the Locked In RRSP that I have very often only in my net worth posts.  The reason for this was because the money was invested in mutual funds from the bank. I didn’t pay that much attention to it. This money is pension money that I had from a previous employer. The value of this money was just over $4,000 as of this past Monday.

Yesterday I decided that I wanted to control these funds and invest it in stocks so I opened an account and filled out and submitted all the paperwork (14 pages). So some time in February that money will get transferred over to my brokerage and I can begin buying stocks. This move will definitely help me get closer to my dividend goal.


Back in 2016 I turned the DRIP (Dividend Re-Investment Plan) off and I took my dividends in cash. Well in an effort to help build up my positions I turned my drip back on. Beginning in February I will start dripping my stocks if the dividend is large enough. With my brokerage I can only receive whole shares, if I don’t receive a big enough dividend I will then just get cash.

Diversify Portfolio

I guess you can say I have home country bias with 85.2% of the value of my portfolio in Canadian equities. In 2018 I plan on buying US stocks again in order to help bring that 85.2% figure down. There are so many excellent US stocks out there I should have been buying and holding them sooner. The stocks that I do buy will go into my RRSP account this is because there is a tax treaty with the US, we are allowed to hold US stocks in our RRSP and the dividends received in that account are tax free.

So in 2018 I plan on building up my position in the stocks I already own. I am going to diversify my portfolio by buying US stocks again. Finally I will look to sell stocks that don’t raise their dividends as often and replace them with stocks that do. I believe if I follow these three things in addition to taking control of my Locked In RRSP, and turning on my drip that 2018 will be a successful year for me.

What do you think? Is my strategy a good one? Maybe it’s a start and I can go further? Please feel free to let me know what you think.



New Purchase. Am I Crazy??

New Buy

So folks am I crazy? As the picture about shows my latest purchase was Corus Entertainment. Corus has had a rough period of late as they struggle to get advertising dollars. There profits and revenues have been declining.

What is Corus Entertainment?

Corus Entertainment Inc. is a media and content company. The Company creates and delivers quality brands and content across platforms for audiences around the world. The Company’s portfolio of multimedia offerings encompasses 45 specialty television services, 39 radio stations, 15 conventional television stations, a global content business, digital assets, live events, children’s book publishing, animation software, technology and media services. Corus’ roster of premium brands includes Global Television, W Network, OWN: Oprah Winfrey Network Canada, HGTV Canada, Food Network Canada, HISTORY, Showcase, National Geographic Channel, Q107, CKNW, Fresh Radio, Disney Channel Canada, YTV and Nickelodeon Canada.


On Jan 10, 2018 Corus released their latest quarterly earnings and it was a disappointing one. Investors starting selling their stock immediately. I think the only bright spot in the earnings report was the fact the company was able to increase it’s free cash flow to $83.2m from $33.9m. Today as I write this the dividend has ballooned to 13.77% that is a shocking number and even I would say the dividend will probably be cut. The company has repeatedly said that it’s important to the company to leave the dividend as it is. Only time will tell what will happen.

Why Buy?

I bought the stock because I felt like the sell off of the stock was overblown. The stock started the day around 11.83, when I purchased it 11am the price was down to $9.62 so I was able to average down my costs.

Also another reason why is because I think the company can get themselves out of this mess. Now I admit I don’t have a clue how they will do it but I just have this feeling that they can.

The Purchase

On Jan 10th, 2018 I purchased 115 additional shares of Corus Entertainment @$9.62 a share. The cost of the purchase was  $1,116.29. This is the second purchase that I have made, previously I owned 69 shares. So now I have 184 shares. My average cost has dropped from $12.85 to $10.82 with this second purchase.


Corus Entertainment currently pays a monthly dividend of $0.0950 for the time being. The additional 115 shares will provide me $10.92 per month and $131.04 annually.

Well folks what do you think? I know it is a little risky. Would you buy this company? Please feel free to leave a comment below.



Do You Know What You Spent In 2017?

I Spent

Hi everybody how are you? Before I dive into my 2017 expenses I would like to thank  Alyssa from MixedUpMoney. I would like to thank Alyssa because last year I read her post titled What Did You Spend Last Year and that inspired me to start tracking my expenses. Thanks to Alyssa I feel like I have a better grasp on my finances. Before reading that post I had never thought about tracking my expenses before. I always thought that since I never spent more than I earned that everything was good and there was no need to track my expenses.

After reading the blog post I decided it was time to track all of my expenses and see where I spend all of my money down to the last nickel (no more pennies in Canada). So I went into Microsoft Excel and created a spreadsheet and started tracking. I found myself at the very beginning watching what I would spend my money on, if I went into a store I would stick to what was on my list then I would hurry out of the store as I didn’t want to see a big number in my spreadsheet lol.

Well let’s get to my 2017 expenses. Last year I spent a total of $17,951.65.

Top 5 Category Expenses

1. Debt ($7,579)

Wow what a big number $7,579 in debt paid off such a huge number. That represents 53% of expenses last year. For the debt category I have two items car loan and bank loan.

Car loan

I currently own a 2015 Hyundai Elantra and I make bi-weekly payments on it. In 2017 I spent $3,711.25 on those payments.

Bank Loan

In 2016 I took out a $10,000 loan on my line of credit at the end of that year I had a balance of $3,867.75. I was able to pay the remaining amount of by April.

2. Electronics ($2,015.49)

I had two expenses in this category during 2017. Hopefully this year the category won’t exist on my spreadsheet. The two purchases were very expensive. The first is:


In May my old laptop stopped working after 7 years it finally had enough. After doing a search I purchased a brand new Dell laptop after taxes the cost came to $1,642.45.

The second purchase was:


In December my old iPod that I had for about 5 to 6 years stopped working. I shopped around and found a sale and purchased the 128GB iPod Touch 6 Generation. The cost after tax was $373.04. Yes you read that right very expensive for an iPod but since I use it everyday I thought it was worth it.

3. Vehicle ($1,778.72)

For vehicle I have only a couple of expenses which are fuel and maintenance on the car.


Fuel for the year cost me $1,103.16.


Maintenance for the year was $675.56. This is mostly oil changes and there was a break issue.

4. Entertainment ($1,484.21)

For the entertainment category I have several items which are books & newspapers, movies & tv shows, magazines, music, video games and movies(theater).  Before I share the numbers I will say that my numbers would have been larger but a good way for me to save money is by asking my relatives to buy me gift cards for iTunes where I can buy my books, magazines and music.

Books & Newspapers

Books and newspapers came in at $680.07. Out of this amount $300 was for the newspaper I read The Globe and Mail. This amount would have been higher without the gift cards. Also in 2018 I may look into Amazon’s Kindle Unlimited which is a monthly costs of $9.99 I think? Which would lower my costs in this area.

Movies & TV Shows

I spent $435.59 on blu-ray movies and tv show dvds in 2017. I’m the guy in August and September that buys their favourite tv show dvd when the season that was on tv last winter becomes available. Last year I was able to cut back on my spending in this area. Let’s see how I do this year.

Video Games

I am not as big a gamer as I use to be. My spending on games was $246.95 in 2017. I normally only buy 1 or 2 games per year for my PS4. I expect my spending to be lower in 2018 in this area.


I have three subscriptions for magazines. All three are aviation magazines. My costs for these was $73.97 with the help of gift cards.


My music buying was $37.63. I now tend to only buy single songs, years ago I use to buy the complete album.

Movies (Theater)

One of my favourite things to do is go to the movie theater. I only had to pay $10 in 2017, I received gift cards as well to help out with the expenses.

5. Rent ($1,420)

My fifth and final highest category is rent. My rent is quite low I admit my parents like having me around and don’t charge me too much.

Let’s go and see some of the other things I spent my money on in 2017.

Food and Restaurants

I spent $1,116.82 on food in 2017.


I normally only have two people to buy for my parents. So my gift total for the year came in at $920.

Cell Phone

I spent $681.41 on my monthly phone plan. In 2018 this should be lower as I was able to drop my monthly payments to $28.15 from $70.06 beginning in Sept 2017.


Every so often I get the feeling like I’m going to win the lottery so I race to the nearest store and buy a ticket. I spent $234 on tickets in 2017.

giphy (1)

What did I spend the least on you maybe wondering? Well if your interested I will tell you. In 2017 I spent $2 on bank fees. I spent 2 bucks in order to get a couple of cheques made out for when I was opening a new account with an online bank.

After tracking my expenses for a year I would recommend everyone give it a try. I think it will help you to see where all your money is going and you can adjust your spending accordingly or it can allow you to cut back in areas and you could put the money into savings.

I hope you enjoyed reading this post. I enjoyed sharing this with you. So let me ask you do you track your expenses? If not will you try it after reading this post? Please feel free to leave a comment below.

Thanks for reading


First Dividend Increase of the Year


Hello everyone and welcome to my latest post. Today I am going to share with you my first dividend increase of the year. On January 11th like clock work Canadian Utilities announced an increase of 10%. I must say this wasn’t a surprise as Canadian Utilities has been raising their dividend every year since 1972.

Before we get into how much this decision will affect my income I will provide you a description of Canadian Utilities in case you are not familiar with the company.

Company Description

Canadian Utilities Limited is a global enterprise company. Its segments include Electricity, Pipeline & Liquids, and Corporate & Other. Its Electricity segment’s activities are conducted through two regulated businesses; ATCO Electric Distribution and ATCO Electric Transmission, and three non-regulated businesses, ATCO Power, ATCO Power Australia and Alberta PowerLine (APL). The Pipelines & Liquids segment’s activities are conducted through three regulated businesses, ATCO Gas, ATCO Pipelines and ATCO Gas Australia, and one non-regulated business, ATCO Energy Solutions. It delivers natural gas distribution and transmission services, energy storage, and industrial water solutions to existing and new customers. The Corporate & Other segment includes retail energy business, which through ATCOenergy, sells electricity and natural gas to large commercial retail customers. It also includes the commercial real estate in Alberta, and the strategic investment and expansion into Mexico.

Source (RBC Direct Investing)


As mentioned above this is a 10% raise. Canadian Utilities was paying a dividend of $0.3575, the new dividend will now be $0.3933. This is the 4th raise I have received since I first purchased the stock.

I currently own 155 shares and my income with this decision will increase my income $22.20 annually.

Do you own Canadian Utilities? If so congrats on the raise fellow shareholder. Hopefully this is the first of many raises for my portfolio this year.

Thanks for reading


Investing and Money Goals For 2018

2018 Goals

Hi everyone, hope you are all doing well. Today I will reveal my goals for the new year. Last year I had seven goals this year I trimmed it to five. Looking back to the goals last year I feel like I was conservative in setting them, I didn’t push myself enough. This year I think I changed that and I am challenging myself a lot more. I have removed the blog and social media goals from last year. In 2018 I wanted to just focus on personal finance and investing related goals. The blog and social media are still important to me but money goals I have a lot more control of and I want to continue to improve my finances.

Let’s get to the goals.

Personal Finance

Goal #1 Become Debt Free

Coming into 2018 my total debt was $13,987.16. This debt is what I owe on my car. I would like to pay this off completely this year. If I could pay this off it would free up $300 per month that would allow me to either invest more or save.

Goal #2 Have a Savings Rate of 50%

I am going to admit something to everyone, I have no idea what I have saved in a given year. But I believe I must start keeping track of this number so why not start now. I may already be saving this number and not even know it.

Goal #3 Increase Net Worth By $50k

This is my most ambitious goal by far. It has taken me about 17 years to acquire a net worth of $126k, but like I mentioned at the beginning of the post I am challenging myself more this year. This goal I must say is mostly out of my control as I will need the market to continue to rise. Ways that I can achieve this include paying off my car there’s $13.9k right there, save more and invest more.


Goal #4 Invest At Least $10k

Last year my goal was to invest $4k and I surpassed that by investing a total of $5,606. So this year I wanted to go further and have set my sights on $10k. I believe that this is doable.

Goal #5 Receive $6,000 In Dividends

In 2016 I received about $3,500 so I set my goal for 2017 at $4,000, my dividends increased by $800 in 2017 and I received a total of $4,300. So this year I am doubling that number and I am setting my goal at $6,000. I am challenging myself aggressively here as well, I can achieve this number by investing more, having my investments raise their dividends, last year I received 20 dividend increases that boosted my forward income by $377.

So there are my goals for 2018 do you think I can achieve them?? Please feel free to comment below.

Do you have goals for this year?

Thanks for reading


December 2017 Net Worth

December 2017 Net Worth

Hey guys it’s net worth time. That’s right it is time for me to share with you my net worth that I had at the end of December. This is only my third net worth update but it is quickly becoming one of my favourite posts to write. This my first update I have found myself wanting to see that number grow and grow. It has made me want to save more, invest more. So far my net worth continues to climb in an upward trajectory it increased by over $2k in December.

All numbers are as of December 31st, 2017

December November Change
Cash & Savings $10,431.21 $8,587.49 $1,843.72
Investments $114,643.64 $114,439.70 $203.94
Car $15,343.00 $15,343.00 0
Liabilities $13,987.16 $14,679.78 -$692.62

Cash & Savings (+$1,843.72)

December November Change
Car Account $733.96 $247.28 $486.68
Savings $2,544.18 $1,335.89 $1,208.29
Emergency Fund $7,364.15 $7,004.32 $359.83

Cash – $3,278.14 (+$1,694.97)

I had some big savings in December even through the Christmas spending I was able to increase my cash by $1,694.97. How did I do this? Well I received 5 pays from my two jobs and that’s what’s allowed me to increase my cash by so much.  My car account had a nice increase to in and hopefully in January it will reach $1k once that happens I plan on withdrawing the money and putting it on my car loan.

Emergency Fund – $7,364.15 (+$359.83)

I also had a big gain in my emergency fund because in December I received two interest payments from my bank combined were worth a total of $9.83. Also I received $350 as a Christmas gift and thought my emergency fund would be a good place to put it as there was nothing I needed to buy at the moment.

Investments $114,643.64 (+$203.94)

December November Change
Locked in RRSP $3,960.64 $3,980.44 -$19.80
TFSA $25,989.00 $25,614.39 $374.61
RRSP $84,694.00 $84,844.87 -$150.87

December was not a great month for growth for my investments as two of my three accounts were negative. What helped keep my investments value growing was the dividends I received in the month ($404) and the extra $300 I deposited into my TFSA. Hopefully in January all three of my accounts will be in growth mode.

Car – $15,343.00 ($0)

I currently own a 2015 Hyundai Elantra GLS that has a current value of $15,343.00 it is the same value as last month. I will be checking the value of it every three months so next update it should be different.

Liabilities – $13,987.16 (-$692.62)

December November Change
Credit Card $0.00 $247.27 -$247.27
Car $13,987.16 $14,432.51 -$445.35

Credit Card – $0 (-$247.27)

I completely paid off my credit cards, I don’t owe anything on them 🙂

Car – $13,987.16 (-$445.35)

In December I made three payments towards the car loan for a total of $445.35 bringing the amount I owe to just under $14k.

Total Net Worth

As we enter January my net worth stood at $126,430.69 an increase of $2,740.28. This month my savings helped in a big way. Hopefully the market will continue to rise and just maybe I can see if my net worth can grow by $3k next month.

All in all I am very happy with December I continue to go in the right direction.

I hope your net worth continues to grow. So what do you guys think? Please feel free to share your thoughts in the comment section.

Thanks for reading.