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November 2019 Overview

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 is split 90/10 between VWRL and IUSN. You can read how to invest in these two index fund ETFs here.

Use my link to sign up for DEGIRO. It’s at no extra cost to you, and it helps me run this website. Just click the link of your country and give it a go! NL / DE / AT / ES / IT / PL / SE / UK


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 more money towards it. A while ago I took out a thousand.

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. Winwin!


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

12 month 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?

4 thoughts on “November 2019 Overview”

  1. Thanks for sharing this detailed info. I’m also starting as a freelancer, Friday next week will be my last day as an employee. Exciting times indeed! Also, I recognize the need to stash some money to cover the first couple of months. Was the extra expected income an important reason for you to start freelancing? Good luck with your endeavours!

    • Hi, the additional income I can make is a given in my field. Fortunately, (good) freelance consultants are paid generous rates. Then on top of that, taxation is a lot more forgiving than for employees, making the net income quite a bit higher.
      Money wasn’t the first reason to venture out on my own (freedom to select projects was), but I would lie if I said it wasn’t a factor at all!
      Thanks for stopping by and all the best with your new business!

  2. Thanks for sharing. I understand your savings rate is based on net income. I wonder if we should not base savings rate on all our income, i.e. gross salary including any other benefits we get to our name. Probably a futile comment now that you are going freelance. I just like to include geo arbitrage in my thought process: deductions and taxes on gross salaries are very much different in different countries.


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