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| Treasure of the Month of July |
The month of July has passed and I can't but help myself being slightly amazed by where I have ended up. These are just the first steps towards financial freedom but then again they aren't. I have been moving towards that blissful state for years now by accumulating the treasure I have right now. I did not know about the financial freedom term itself or ways to get to it back then but I knew i wanted to get to a place just like it.
Now I feel like I have a good plan set up for the upcoming months with the ultimate goal in the back of my mind for years to come. I will hold the wheel of my warship with a steady hand on course to that magical island. I have to keep in mind that in these unexplored waters ship-sinking waves might hit me at any given moment and i have to be ready for some nasty leaks.
One really awesome thing that happened to me this month was getting referred by one of the biggest if not the biggest Estonian investment blog site - rahajutud.ee. A shoutout to the owners of the site and to everyone who ended up here thanks to them - i appreciate each and every one of you!
I found a blog where the blogger used an interesting measure of how much money he had made the past month and i thought he wouldn't mind if i also kept track of my passive income this way. It turns out i made about 0.00146 eurocents every minute of the past month. This number is kind of hard to grasp but it was only 63 cents all together and should become much more tangible in the future! Let's get on to the business of things, shall we!
As you can see my income is pretty static and the only addition was the interest from Mintos. My active income was 2313,6 euros and passive income 0,63 euros. My expenses were 790,23 (in red) euros which leaves my savings percentage at a comfortable 66% - well above the 50% club threshold. I expect August to be even better but my expenses will likely go up during autumn and winter months.
Current portfolio size: 34086.51 euros. Some of the movement was caused by stocks as i do include unrealized gain into this pie. I won't go into too much details with the stocks but i can say that I have stocks for two companies (pretty much even in value): Tallinna Sadam (TSM1T, bought 1000 at 1.7 euros) and Tallinna Kaubamaja (TKM1T, increased my position by 111 stocks at 9,14 euros this month). The cash percentage is still huge but I am slowly getting more of it into money-making.
Mintos
Mintos has been my main focus besides adding some stocks for Tallinna Kaubamaja - the nuances of how it works and what kind of loans and loan originators are on the market. Most of you probably know the cool overview Mintos has that tells most of the story:
I started off on Mintos at an unlucky time as Mogo cashback campaign pretty much ended just before my first deposit. To add to that they bought back a lot of their high percentage loans and in general created a chain of events by the end of which the supply of loans seems to be lower than the demand for them. That's also the reason why not all of my money deposited on Mintos has been used for buying loans. I have this 10% threshold in my mind that i would like to stick to even if it means waiting a bit longer to invest all the money I intend to.
Goals (0/4)
I just set myself the 4 goals for this year some days ago but I'll make it a habit to check up on how I am doing with them once a month.
- Earn at least 100 euros of passive income in total - 0.63% completed.
- Buy (and hold) at least one non-baltic stock - looking at Starbux.
- Invest at least 10 000 euros - 44,21 % completed.
- Read 4 books about anything investing-related. - 0/4.
This overview is still a work in progress so feel free to let me know what other details would interest you or what I should skip and I'm sure we can come to an agreement! :)
PS: If anyone wants to help me and themselves out with some extra income, be sure to use my referral link for Mintos.
