Wednesday 1 December 2021

December - End of the month report - FIRE

Total portfolio: £254703 (+93839)

Debt: ZERO
External funds: ZERO
Car: No
Net Worth: £254703 (+93839)

Investments UK: £229011 135083 (+93928)
Investments overseas : £3934 (same)
Cash: £700 (-1368)
Pension: £20554 19274 (+1280)

Total Income: £1492 (main job)+0 (second job) + 9615= 11107
Passive income: £9615 (86%)
Savings rate: 88%

Side hustle 2 profit (Royalties): £ 0.25
Side hustle 3 profit (Match betting): £ 0
Side hustle 4 value (Crypto): £9600 (Total funds still invested in crypto:8858)
Side hustle 5 profit (Focus groups): £0
Side hustle 6 profit (Internet):£1

I was not so active in here, as most of my work at the moment is in the virtual space, related in a way of other to the cryptocurrency. I write and publish being paid in crypto, I have my main savings account in crypto and I am a co-founder or supporter of various crypto-projects. I am also maintaining few crypto-masternodes, being paid in crypto too for the work. I took this decision to go completely into this strange world, as there are quite few solid projects that are perfectly safe, offering an interest or reward in the range of 3-12% per year. I mean, I am looking at my bank offering me 0.10% as they are thinking they are making me a favour. Other than that, I am well paid for my work, even if I am a bit overwhelmed, being  currently involved in 36 projects, the equivalent of a 2 full time jobs timewise. But, I am pushing a bit, in order to be completely independent financially in few years. I am not far, and at the current level of monthly income, I will be there soon. I did not made any effort with the books, yet they still sell, now and again. No focus groups, as I am still doing my full time real job. Well, the world is changing, and it is certainly very interesting to live in it right now. At some moment I am thinking to get money to buy a property with cash, but the taxes will be up to 20% of the amount, if I am not mistaken, as soon as I am sending the money from crypto into the bank (this being categorized as a taxable event - capital gains). If you are exploring the idea of working for crypto, I will give you some hints, as you can read my fully detailed report for crypto in here



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