Dividend Investing Strategy for Financial Independence – Aug 2022

Welcome to our Dividend Investing Strategy for Financial Independence. We started the journey to Financial Independence in 2019 and paid off $60,000 in consumer debt.

Since July 2020, we’ve been tracking and sharing our journey to Financial Independence. Let’s take a look and see the results of our dividend investing strategy and the passive income received in August 2022.

Dividend Investing Strategy – Passive Income breakdown

BMO.TOBank of Montreal583.80
EMA.TOEmera Inc251.09
RY.TORoyal Bank of Canada410.88
REI-UN.TORioCan Real Estate Investment Trust29.30
ABBVAbbVie Inc112.66
TD.TOTD Canada712.00

2022 Retire Early Dividend Income Summary

F.I.R.E. We Go! Dividend Income Report

When comparing August 2021 with August 2022, the dividends increased 11%. We keep investing every month. Actually, we recently increased our Smith Manoeuvre position with Royal Bank and bought 110 shares.

Asset Allocation for Financial Independence

Here’s the breakdown for August 2022:

  • Canada: 15,504.81 (94%)
  • Global: 973.94 (6%)

Recommended links to help your Financial Independence Journey

When available, we use referral links, which means if you click one of the links in this video or description and make a purchase we may receive a small commission or other compensation.

Thanks for letting us be part of your day and journey. Stay safe!