Friday, 6 January 2017

2016 - yearly report

While in 2015 i earned 16506 with only 114 passive income ( 0.7%), in the year 2016 the total income was 35073 with 19202 passive income (54.7%), coming from 8 different sources of income (one being plain old work in a full time job and few part time ones - 15871). I started several side hustle projects, 5 worthy to mention, one with 10950 profit, one with 1023 profit in the last three months of 2016, still ongoing, one with 1 pound profit from interest (still on the paper), one with 700 spent and only 45 returned and one with a loss of approx. 600. Overall, was fine, and i have at least one side hustle to continue in 2017, with an possible profit of 4-5000.

I paid 500 for a car in December 2016, with additional expenses of 74 for road tax, 20 for petrol and 57 per month for insurance. MOT due in September. I used only once and i will probably sell it, as my other half already got a car and she use it every day. Or I will start to use it. Whichever of tow happen first.

I met James Altucher and Tony Robbins (also walked on fire and trained for 4 days for 649, but these were money well spent). I paid 1500 for three holidays in Dublin/Ireland, Mallorca/Spain and Herculane/Romania.

I implemented a 12 month health plan, and I improved my health every month, managing even to get out of my daily thyroid medication at the moment.

I paid all my debts in December 2016.

So, it was a fruitful and beneficial year for me, i just with that 2017 will be at least that good, if not even better for me and you.

Take care and keep saving, because in terms of business, it is totally worth it to invest 5 years of your life working hard if the result is close to 20-22 years worry free before your retirements ( return on investment higher that 400%, you cannot get that nowhere in real life financial investment, and we talk about time, a resource much valuable than money.)


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