Total portfolio: £46881 (+4573)
Debt: £808 (+808)External funds: ZERO
Car: No
Net Worth: £46073 (+3765)
Investments UK: £40521 (+4394)
Investments overseas : £3934 (same)
Cash: £1803 (+179)
Pension: £15996 (+1268)
Total Income: £1552(main job)+0 (second job) + 289= 1841
Passive income: £289(15.68%)
Savings rate: 20%
Side hustle 2 profit (Royalties): £2.54
Side hustle 3 profit (Match betting): £ 0
Side hustle 4 value (Crypto): £20503 (Funds spent in crypto:11687)
Side hustle 5 profit (Focus groups): £0
Side hustle 6 profit (Internet):£289
First of all, i hade some big changes around my savings. First, even if it is a bit risky, i was using a cryptocurrency lender to lend the 7000 that i saved, for a return of approx. $100 via Celsius.network. I did my research and it is a solid company, with enough insured funds to cover an eventual bancrupcy or a similar event. If i would go the other way, and make a mortgage, after getting the rent paid, and substract the mortgage, taxes and bills, the result would be somewhere between 50-70£ per month, with additional stress. Now, if my move will prove succesful, and i manage to save enough via cryptocurrency and index funds, i am planning to buy a small rental paying in cash. This way there will be no mortgage.
Everything is increased slightly (pensions, shares, crypto), even if the economy is not booming. There is still some black swan event incoming (BREXIT, COVID19 third wave, etc), so i can only speak about this year (2020). Except this, in November i had no focus groups, no big royalties, and just a small return in interest (deemed to decrease further in the next few months). My cash is sitting in the bank getting 0.60% interest (Santander 123).
So, the plan is to use the cryptocurrency returns to invest in shares, and to add to this the other side hustles that i can do during this period. Until i reach the critical level. And the second rental for us, if it is the case, after the next year wedding (again, black swan event, i cannot even imagine how this will be).
See you at the end of the year. Take care and be good with others!
G.
