November 2023 - End of the month report

 Total portfolio: £65523 (-4744)

I am back after half a year, checking the numbers. How am I doing? Lets see:

Debt: 600 (just a holiday/work trip paid with Paypal)
External funds: ZERO
Car: No
Net Worth: £81682 (+16590)

Investments UK: £47389 (+14573)
Investments overseas : £389 (same)
Cash: £6504 (+1138) 
Pension: £27377 (+919)
Passive income: £907 (26.96%)
Savings rate: 20% 

Side hustle 2 profit (Royalties): £ 1.42
Side hustle 3 profit (Match betting): £0
Side hustle 4 value (Crypto): £848 (Total funds still invested in crypto:4400)
Side hustle 5 profit (Focus groups): £0

Side hustle 6 profit (Internet):£50

Crypto bull market started, and I am planning to redirect some funds toward shares and funds, to have some real money available, just in case. My main increase in investments is from crypto, and a bit from pension and shares. I am also planing to raise the bar, making 10K available in cash at any moment, up from the 6.5K that I got now. Still have a small debt of £600 as I bought some flight tickets on Paypal, but I plan to pay 300 twice in December and January and finish with it (they got some 3 months no interest deal I think). Trying to do some rudimentary plan, and this is what I got:

Projects to follow up in 2024:

Hive - 9.34% completed

Across - 5.6% completed

Shares Account no.1 - 1.5% completed

Shares Account no.2 - 8% completed

Cash - 65% completed

Wish you a good end of the year!

G.

August 2023 - End of the month report

Total portfolio: £65523 (-4744)

I am back after half a year, checking the numbers. How am I doing? Lets see:

Debt: 431
External funds: ZERO
Car: No
Net Worth: £65092 (-5175)

Investments UK: £32816 (-8711)
Investments overseas : £389 (+10)
Cash: £5356 (+1721) 
Pension: £26458 (+2534)
Passive income: £709 (28.82%)
Savings rate: 25% 

Side hustle 2 profit (Royalties): £ 0.06
Side hustle 3 profit (Match betting): £0
Side hustle 4 value (Crypto): £707 (Total funds still invested in crypto:4400)
Side hustle 5 profit (Focus groups): £0

Side hustle 6 profit (Internet):£0

Half a year passed, and the economical environment is making it harder and harder to create some value and make some extra money. As you can see, I got a small debt as I used PayPal to buy some plane tickets. I was a bit all over this year, with no less than 4 holidays, and 2 more incoming before the end of the year. Decided to enjoy life a bit this year, and there is no real incentive to put all the extra effort trying to catch a falling knife. Net worth went down a bit, just related to crypto portfolio, which is decreasing slowly this year. Still, I am able to biuld and make some profits, £700+ this month, and in the last 3 months I got some small amounts and exchanged them into bank money (not a lot, only£ 2-300 to boost my expenses account). Other than that, pension account increased 2K, after it kept losing its value for the last 2 years. Money goes into it every month. Cahs fund also increased with almost 2K, and I plan to build it a bit more for now, given the uncertainty, to have some emergency funds if the need arise. I am still saving all that I make online, and a quarter of my main job wage. As the life it geting more difficult, I applied for a second part time job, as agency worker, aiming to do 1-2 extra shifts monthly to get some extra cash. Didn't had the honor to do my first shift yet. 

End of the month report - January 2023

 Total portfolio: £70267 (+4852)

I did not write anything in the last few months, as I was busy organizing one or another. I am back, for now!

Debt: ZERO
External funds: ZERO
Car: No
Net Worth: £70267 (+4852)

Investments UK: £41527 (+2657)
Investments overseas : £377 (same)
Cash: £3635 (+887) 
Pension: £24104 (+1309)
Passive income: £756 (28%)
Savings rate: 20% 

Side hustle 2 profit (Royalties): £ 6
Side hustle 3 profit (Match betting): £2
Side hustle 4 value (Crypto): £753 (Total funds still invested in crypto:6799)
Side hustle 5 profit (Focus groups): £0

Side hustle 6 profit (Internet):£34.43

I must to admit, the market did not favours to me, and I just noticed that I am now at the same point as I was on December 2019, in terms of total net wealth. I hit a small jackpot with crypto, but I was a bit greedy, and I did not take back enough profit, and then the bear market came and everything went down from the 300% profit increase back to the initial values. I do not regret this, but I hope I will do better on the next crypto bull market, whenever this one will come (2025-2026?). Shares and mutual funds, I am down to £2097, hope to do some crazy move and reach 10K until the end of the year, but before that, I need to biuld a 20K cash reserve in the bank account (Santander is paying 1.75% interest for up to 20K so I plan to keep it in there). I have also started a saving account on Santander, where they offer 2.75% interest for up to one year. I have £800/£2400 in there, with the limit being £200 pain onto account per month. This will be the cash reserve, and after that I start to build my shares and mutual funds, on my AJ Bell account ( £10K to start) and Freetrade account (they got zero fees and individual shares to pick, even fractions of them, I go for £1000 here to start with it), and over the next few years the aim will be to have 100K in funds, and 10K individual shares.

As for 01.02.2023 the numbers are:

Cash: £2500 (TSB) £1135 (Santander)

AJ Bell (VT AJ BELL FUND): £1524/£10K (final amount: 100K)

Freetrade: £573/£1000 (final amount: 10K)

Crypto: £39030/£250k

Monthly report FIRE - November 2022

 Total portfolio: £65415 (-12968)

I did not write anything in the last few months, as I was busy organizing one or another. I am back, for now!

Debt: ZERO
External funds: ZERO
Car: No
Net Worth: £65415 (-12968)

Investments UK: £38870 (-13574)
Investments overseas : £377 (same)
Cash: £2748 (+8)  +  1842 (side hustle jobs)= 4238
Pension: £22795 (+676)
Passive income: £1842 (43.5%)
Savings rate: 4% (It is Christmas and I have some expenses this month)

Side hustle 2 profit (Royalties): £ 6.46
Side hustle 3 profit (Match betting): £0
Side hustle 4 value (Crypto): £1814 (Total funds still invested in crypto:8430)
Side hustle 5 profit (Focus groups): £0

Side hustle 6 profit (Internet):£0

Crypto reached a whole new level of absurdity these days, as some big exchanges and cryptolender got brankrupted lately, due to the economic environment (see more about my month in crypto here). Translated - cryptocurrencies are still going down. Other than that, I got a bonus, or better call it 'bribe' from government, in order to come with the economical crisis (In theory they gave us 10% as inflation rised above 27%, so we are still on the losing side of the battle). Some royalties out of nowhere and some profit playing my blockchain games. Other than that, a quiet month, although I went on a spending spree as I needed to buy some new trousers, tops and shoes, plus, I finished everybody Christmas gifts early, as I had a week off. For the next year, I need to redirect some of the profits from crypto towards the bank account, but my numbers are only showing the liquidity, a lot more is stuck in different blockchain games, and if I do sell those, I estimate anything between 40K and 80K. Still, there is some growth potential in there, but I will take some profits slowly over the next few months, maybe all the next year. Trying some crazy moves to reach my FIRE amount all at once, if possible. But I do not see it happening until the market recovers. 

Extra: I will start to drop some small amounts every month into my shares, which right now are a shameful £1800 in total. Long way until the expected 200K. 

Monthly report FIRE - October 2022

Total portfolio: £89609 (-101000)

I did not write anything in the last few months, as I was busy organizing one or another. I am back, for now!

Debt: ZERO
External funds: ZERO
Car: No
Net Worth: £78383 (-11226)

Investments UK: £52444(-11000)
Investments overseas : £377 (£3000 of the savings were used for September wedding and honeymoon)
Cash: £2740 (-1013)
Pension: £22119 (+1321)

Total Income: £1567 (main job)+741 (side hustle jobs)= 2308
Passive income: £741(32%)
Savings rate: 54.2%

Side hustle 2 profit (Royalties): £ 3.33
Side hustle 3 profit (Match betting): £0
Side hustle 4 value (Crypto): £677 (Total funds still invested in crypto:8430)
Side hustle 5 profit (Focus groups): £0

Side hustle 6 profit (Internet):£59

Another 3 eventful months, and meanwhile I was quite busy, organizing a church wedding back home in Romania, and I cannot really complain, as the guest there are giving little cash gifts, and after I paid all the expenses, I still had something like £10 left in my pocket (around $5000 spend overall). But this time was not as bad as first time, when we did the wedding in UK with the register, as in September 2021 we spend close to $13000. We still used the same dress and same groom suit, and shoes and all that stuff. Same rings too. Coclusion: weddings are expensive, even when you try to be a minimalistic obsessed clown. Thanks God you do it only once (or twice in my case) in your life. 

Do not neglect your health, and remember that it is better to prevent than to treat. I did spent something like $3000 on my oral health, doing a complete check-out/treatment/everything that was needed and spending some inordinate amount of time with the dentist. Got all my widsom teeth out, in order to prevent future problems too, a bit radical, but I hope I will benefit from this in the far away future. 

Other than that, work is work, going ok for now, still need to wear the mask on the interactions with clients, so meh! Royalties from my Amazon books are now almost inexistent, and crypto is nowhere like the beginning of the year, but still brings some hundreds pounds. I got a £50 check and some £9 payment from the survey websites, as I do them in my free time, on the train or while watching TV. 

Other than that, will be a quiet year. Oh yeah, I started a new savings account with Santander, this is some one-off occasion where I can save up to £200 monthly for one year for 2.5%, and as I had some money in the bank, I will transfer 200 every month in order to get 27.50 extra after one year. 

See you next time,

George.

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

February - End of the month report FIRE

 Total portfolio: £190317 (-64386)

Debt: ZERO
External funds: ZERO
Car: No
Net Worth: £190317 (-64386)

Investments UK: £163294 (-65700)
Investments overseas : £3934 (same)
Cash: £1850 (+1150)
Pension: £20616 (+60)

Total Income: £1604(main job)+429 (second job) + 5508= 11107
Passive income: £5510 (73%)
Savings rate: 80%

Side hustle 2 profit (Royalties): £ 0.55
Side hustle 3 profit (Match betting): £ 0
Side hustle 4 value (Crypto): £5508(Total funds still invested in crypto:8430)
Side hustle 5 profit (Focus groups): £0

Side hustle 6 profit (Internet):£1

Fist of all, I was slacking a bit, but not too much, so I decided to update my monthly report once more. Even if I missed January, the things looks good, there is one scary minus 64K from the total portfolio, but it is all related to the crypto portfolio, who was decreasing massivelly lately. Anyway, given the fact that I have only £8430 to recover from my initial investment. Other than that, was a normal month, with some extra pay from Christmas, and not so many expenses, as I still recover after the September wedding (the UK one, as I still get ready for round 2 in Romania). I am thinking about some nice holiday this year, as a honey moon of some sorts, and basically I cannot decide as I can go anywhere, at least in theory (except Greenland, I cannot afford Greenland yet, as a trip there will easilly go over twelve thousand pounds). And I discovered Travala, so I hope I can use cryptocurrencies to book it, to save some cash from the bank. I am trying to get some profits from there into the bank, but I need to be careful to not go over my free allowange for capital tax (according to HM Revenues ''the tax-free allowance for capital gains tax is £12,300''). And I am moving slowly online, as most of my writing and blockchain gaming is feeling like a second job sometimes, just three times better in terms of profits. If you are curious, check my latest report in here.