My last day of work has been completed, since this week I’m a freelancer. That means it’s December already and November is over!
I did spend quite a lot of money (business expenses) regarding starting my own consultancy business, but I also had a good deal of income.
Income and Expenses
My net income this month was 3,685 euros. My regular income was 3,345 and I received a net 340 euros in travel bonuses.
My total expenses were 1,472 euros, leaving me with 2,213 euros saved and a monthly savings rate of 60.1%. My yearly goal is slightly over 50%, and I really hope I’m going to make it. Year-to-date, my savings rate is now also 51.7% so I hope to keep this up in December. The problem is that I expect less income and more expenses this month… Anyway, we’ll see. With starting to freelance, I know my income will take a hit the first few months, to be higher afterwards. For 2020, I expect to earn way more than in 2019, the problem is in the first few months.
Investments and Net Worth
My investments when down this month. My stock portfolio performed really well, with VWRL being at an all-time high, but cryptos gave away quite some value.
My stock portfolio at DeGiro gained about a thousand euros
I did not invest anything, as I’m saving up cash anticipating a month or two of no to low income.
My balance is now just under 26,000 euros which
Mintos has been a place of mixed feelings. Originally, I’ve put in 4,000 euros to test this platform, and I have not been adding any
Currently, the value of my loans in Mintos is 3,044 euros. I earned 25 euros in interest in September, which is 1% of what I put into the platform. This equates to a 9.5% yearly interest which is awesome.
If you want to invest in peer to peer lending via Mintos, please sign up using this link. It is completely free to you, and I might receive a small compensation to help me run this website. Win
With Grupeer, I maintain the same strategy as with Mintos. I have put in 4,000 euros in total, and for now that’s enough. I will let my investments grow but not add any funds.
My current Grupeer account is worth 4,379 euros. My interest earned is 64 euros. This is over 17% annually. I expect this number to be inflated by some referral income. I estimate the true interest to be around 10-11%.
If you also want to invest in Grupeer, please consider doing so via my affiliate link. I might receive a small fee if you do, which helps me put out great content for you in return.
My crypto portfolio did shit this month, and went down from 14,000 euros to 11,400 euros. As is now the norm, my crypto portfolio is bouncing up and down real hard.
I do not really like that, which is why I’m slowly selling off crypto every now and then. Ideally, I want this portfolio to be less that 5% of my total net worth, to prevent the volatility from messing with my net worth too much.
Net Worth Progression
As you can see, my net worth climbed up a little bit from last month, although in the graph it looks flat.
My net worth stayed about flat (400 euro increase) which is great, considering my investment portfolio went down in value. This month, my savings rate saved the day.
November was my second best month on the blog ever, with practically the same numbers of views and visits as in October. I got 10,613 views (-22) and 3,701 visitors (-1) this month.
That was done with less articles published though (only 8, vs 12 last month).
Google sent me a little bit more traffic than last month. I got 2,227 visitors via search engines compared to 2,044 last month.
The best-read new article was The Answer Is I Fired The Boss.
The three best-read old articles are: (no changes here)
How did your November go?