Sunday 3 July 2022

End of the month report - June 2022

 Total portfolio: £89609 (-101000)

Debt: ZERO
External funds: ZERO
Car: No
Net Worth: £89609 (-101000)

Investments UK: £63444 (-99800)
Investments overseas : £175 (£3000 of the savings will be used for wedding)
Cash: £3753 (+1903)
Pension: £20798 (+173)

Total Income: £1532(main job)+0(second job) + 1817= 3349
Passive income: £1817 (54.2%)
Savings rate: 54.2%

Side hustle 2 profit (Royalties): £ 0.03
Side hustle 3 profit (Match betting): £ 5
Side hustle 4 value (Crypto): £1800(Total funds still invested in crypto:8430)
Side hustle 5 profit (Focus groups): £0
Side hustle 6 profit (Internet):£10

I am back, and I am a bit of a mess lately, with all this insane inflation and some major expenses. I am getting ready for the second part of the wedding, this time in Romania, and I will use some on my saving from the Romanian account towards the expenses (around £3000). I have also a honeymoon trip scheduled right after the main event. Looking back to the latest 2-3 years, before Covid, I have not much savings as before, but the monthly inflows are twice as much as before Covid (2019). I am now focused on main job and my second crypto-job, paid in cryptocurrency, but those pesky crypto are on all-time low at the moment, after they lost roughly 80% of their 2021 value. I do not worry about that, as they will go back eventually, in few years. I am still good, with a $59K portfolio out of my initial 8.4K investment. Other than that, I am looking at some investment idea or even a side hustle, but the economical situation makes almost everything quite risk. Another solution will be just to accumulate cash and do not give a damn on inflation, but this one hurts. The plan B is to get enough cash to buy a property paying it in full, with no mortgage, but this may take few years to achieve (7 years on my estimate). 

Glad to write once more in here, hope you all are alright in this unsafe times. 
George

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