Comments on: Increasing My Passive Income

By: Jennifer

Jennifer — Thu, 17 Apr 2014 01:11:35 +0000

You are probably better off than most people out there, but that’s not a bad thing. Maybe you can encourage others to get going on their plans! There are many ways to go and lots of different kinds to learn about.

By: Ludvig Sunström

Ludvig Sunström — Sun, 23 Mar 2014 21:49:00 +0000

Very nice!

Keep it up. You are a hard worker.

By: Alicia

Alicia — Sun, 16 Mar 2014 02:22:05 +0000

Kudos for putting it all out there. I really like the ING investment options. It has been my way of getting my toes wet over the past four or five months, and has been a nice initiation so far. I have a long ways to go, but it’s a start 🙂

By: My Own Advisor

My Own Advisor — Sat, 15 Mar 2014 12:04:40 +0000

Great work Daisy. I had much less than you invested at age 25! If you can manage to save 10% of your net income, every year for the next 30 years, AND just let your pension do it’s thing – you’re going to be set.

Over the years, I’ve increased my passive income by investing in dividend paying stocks in my TFSA and non-registered account. Just passed a milestone recently 🙂
http://www.myownadvisor.ca/february-2014-dividend-income-update/

I’m a long ways off from my retirement goal but it’s increasing every month.

Good luck!
Mark

By: Jacob @ Cash Cow Couple

Jacob @ Cash Cow Couple — Fri, 14 Mar 2014 14:50:39 +0000

Great look at your situation, and somewhat different from our in the States. A pension can definitely be nice as well, but they are disappearing from the US system. Underfunded and overpromised…

By: Link Love 3/14/14 « Everybody Loves Your Money

Link Love 3/14/14 « Everybody Loves Your Money — Fri, 14 Mar 2014 09:01:57 +0000

[…] Daisy at Add Vodka talks about Increasing Her Passive Income […]

By: Ryan @ Impersonal Finance

Ryan @ Impersonal Finance — Thu, 13 Mar 2014 21:35:35 +0000

Awesome plan and position to be in Daisy! I definitely wish I had a pension like that. But I think you’re totally right, I’ve been spending a lot of time on my side projects and current job without thinking too much about the passive income I’m already generating and how to increase it. Thanks for the reminder!

By: James

James — Thu, 13 Mar 2014 00:58:07 +0000

Daisy, keep working it! You will get to your goal!

By: canadianbudgetbinder

canadianbudgetbinder — Tue, 11 Mar 2014 16:10:06 +0000

You are in a great position with a government job and your pension plan. I’ve always wanted to open a Questrade account but to be honest I’ve always been shy about it. I’m still learning about investing and I don’t want to make mistakes but I guess one step at a time. Thanks for sharing.

By: Bridget

Bridget — Mon, 10 Mar 2014 15:10:58 +0000

I love Questrade and ETFs. They’re a great way to start generating passive income but it takes quite awhile before it becomes anything substantial. It is more than an ING savings account, but you have to own a lot of units before the dividend amounts to anything you can reinvest — but it works!