A millionaire advice

This is so good that I cannot keep it only for me.

"How to make lots of money with Facebook:
Step1: Go to My Account.
Step2: Log out.
Step3: Do some real work. "

(Via JMoney - celebrating Jokes day)

Mistakes

They say that the intelligent person learn from his mistakes, the wise one from other's mistakes. Despite reading about this specific one, and learning about the psychological mechanisms behind this kind of behaviour, i did it myself 6 weeks ago. Seems like i am only intelligent, not wise, at the moment. A costly error, in fact a suit of 4-5 wrong decisions that spiraled in a catastrophic result, wiping out almost £1500. Took me 60 days of consistent work to recover, with more than 120 hours of real work. I will make this kind of error again? Probably not soon. As i had the feelings related to this and i learn. We are not perfect. And we need to realize that sometimes we will make the wrong decisions. Ideally, we should learn and never do it in the same way. A genius is the one that make hundreds on mistakes, but not the same one twice. And sometimes, in between our 101 mistakes, we do the right kind of mistake, and we discover something revolutionary. This is one way. The other way is to not test, to choose the traditional verified course of events, and to reach our objectives. But in the end, we will not have a story to tell. Perhaps we do not even need to tell a story. As long as we are there, where we aim to be.

Which way is the best to follow?

Health plan

I am trying a new way of reaching my training goals, with a loose suggestion table instead of well defines goals. let's see if this one is working better than the rest.

One year health plan - month 10

Motto: All the wealth in the world worth nothing for you, if you are not healthy.
(Financial freedom wizards manual)

Weight: 80 kg (2 kg lessthan 60 days before ) at 1.80 m (5'9'') Aiming for 77 kg and 15% body fat on 1st of may.
Body fat: 14%  (4% less)
BMR (basic metabolic rate) = 1818 kcal
PAL (physical activity level) = 1.375
Energy requirement daily = 2499 kcal
BMI = 24.69

So, a decrease of 500 kcal per day should be sustainable if i eat enough fruit and veg.

1. Body
- Yoga techniques (postures, breathing and meditation) once per week - done
- Running or other kind of training - 1 sessions -10%

2. Diet
- A 70% plant based diet (with a twist of 70% alkaline food daily), no chemicals, less sugar, better hydration (300 ml water every 3 hours when possible) - I achieve this 80% of the time, i would say.
- One day a week - 24 hour fasting - I did not fast in March. I did not decreased the sugary and caffeine rich foods and drinks this month more than usual.

3. Mind
- Mindfulness techniques aka meditation: 40%
- Brain boosting supplements - For the this month i tried: Omega 3, Magnesium, Ginseng and Ginkgo biloba solution, My herbal remedies (but for the herbal treatments i did it completely only 10% of the time).

Physical training -Was fine at the beginning of the month, but based on walking during the holiday, which holiday disrupted my normal routine.
Diet - Was  fine, predominant vegetarian, without too much dairy and almost no eggs.
Mind - I am getting a bit unfocused lately, wasting far to much time on unessential activities. Training focus is a must.

Two months left until the end of the program, and i tested different approaches to solve the health equation. In April i aim for running seriously, building a bit of strength and clearing the emotional body. Focus training should be added too.

March 2017 - Monthly report

March 2017 - Monthly report

My Overview

Total portfolio: £24151(+2910)
Debt: £4000 (+4000)
External funds: £1000 (+400)
Car: £500
Net Worth: £19651 (-990)

Investments UK: £13221(+3352)
Investments overseas : £2772( N/A)
Cash: £1100 (-186)
Pension: £6188(+199) 6426

Total Income: £1374(-1412)
Passive income: £13 (0.94%)
Savings rate: 2%

Side hustle 1 value: £392
Side hustle 2 value: £0
Side hustle 3 value: £0 (Profit February £1700)

Short story of March: I managed to loan 4000, invest more than 3000 and even spend more than 1000 on a special project. I also noticed that all my side hustles are geographically limited, so during my extended holiday, travelling in Italy from north to south and visiting most important places (in my opinion), i was just spending and spending. First two days I was a bit clingy, but i decided to enjoy it and focus on recovering the expenses in April. Also my next holiday is in May, for 3 weeks again, so this year i will relax a bit on the side, on work when is needed. I have many tests and projects related to finance, and i will be very happy if at least half of them will be successfully completed.

Let's talk about money! My portfolio increased with a considerable amount (3k), but my debt also, even if i will pay it when i have some extra to spare. Investments and pension together made it to one 3.5k this month, only 500 spend in holiday from the borrowed money. But when someone is giving you 4k to do the dream trip that you are planning it from 3-4 years ago, you do not argue with the one offering this to you, right? The cash reserve is mostly the same, the real passive income was almost nonexistent this month, and the savings rate is the lowest in the past 27 months. I have high hopes for April. But we will see what happens next.

Take care!

G.

Holiday thoughts

It is funny how our mind will play its new tricks on us, again and again. I was in holiday, in some 3 random countries of Europe. Nice company, nice views and all that, but for the first 2-3 days in the beginning i was kind of annoyed, as the matched betting did not work there, and i needed to fight with my perception that i am loosing money each day i am away. Of course, logically i understood the mechanism, and after a while i just enjoyed being away and not doing anything. I even went over my proposed expenses, just to fully embrace all the new experiences available to me. And it was worth it. Retrospectively, i can see what happen, learn from it and use the acquired knowledge on my next trips. But i also realized that a good bunch of my income is relaying on me being in a specific geographic area (90% of it, i will say). And it will push me to find new, better activities, that i can use in any place, at any time. Working on this now, we will see what future brings.

February 2017 - Monthly report

February 2017 - Monthly report
My Overview

Total portfolio: £21241(+234)
Debt: £0
External funds: £600
Car: £500
Net Worth: £20641(+1634)

Investments UK: £9869(+187)
Investments overseas : £2772( N/A)
Cash: £1286(-742)
Pension: £6188(+199)

Total Income: £2786(+1009)
Passive income: £1425(51.15%)
Savings rate: 74%

Side hustle 1 value: £392
Side hustle 2 value: £1.13 ( Profit January £123)
Side hustle 3 value: £1700 (Profit January £370)

Another good month passed by. As you can see, even if the total portfolio was not growing much (+234), i was working on returning the funds needed for past side hustles. So the net worth increased significantly in February, with a whooping £1634. Investments in UK and pension fund increased and the total income was boosted up by Side Hustle no.3. Speaking about side hustles, you can see which one i was working on this month, with not enough time to follow the other two. Passive income this month was more than half, and the savings rate was decent enough. For the moment, because i am getting ready for two holidays in the next three months. So, we will see how it will go.

Have a wonderful March, full of happiness and fulfillment.
G.