July 2020 Monthly Report – Side Hustle & Expenses

What will you read in my July 2020 monthly report? We will go into July expenses, July passive + side hustle income, and July goals. 

July quickly passed by, nothing too exciting. Social life in small groups is picking up again. It’s easy for people to be outside and keep a distance. 

Personal Update

The more I am working from home, the more I want to work from home all the time. Working from home gives a lot of extra freedom since I am not having my 1.5 hour commute. 

Investment wise, I’m investing in stocks and peer-to-peer projects for passive income. 

Highlights of my July month:

💸 Expenses of €555

👉 80% savings rate

🌟Passive income of €71

💰 Side hustle income of €174

July Expenses

Here you can find the details of my July costs: 

July gives me a monthly savings rate of 79.9%. My goal for 2020 is to have a savings rate of 75%. I’m right on track with my current savings rate of 78.7%.

July Income

Here is a breakdown of income per source:

Source	Income	XIRR
Reselling & Flipping	€134
Cashback Groceries	€5
Other	€35.15
Crowdestor	€50	11.12%
Mintos	€11	13.08%
EstateGuru	€5.5	7.64%
Funding Circle	€4	3.53%
Reinvest24	€0.6	5.80%
Total	€245	P2P: 9.75%

Let’s get into the details of my passive income and side hustle income.

July Passive Income

Every month I try to grow my passive income. Passive income means you’re making money without actively putting in hours of work. My peer-to-peer investments and quarterly dividends are my current sources of passive income. 

Note: I’m not a financial advisor, and I’m not giving you any financial advice. I’m only telling you what steps I’m taking. 

In July, I got a total of €71 passive income. Here is a breakdown of all my passive income sources:

The biggest part of my investment portfolio is peer-to-peer lending or crowdlending, which means higher risk and higher return. 

While the first wave of the coronavirus is slowing down in Europe, there is still the possibility of a second wave. The majority of the peer-to-peer platforms seem to do well at the moment. However, that is no guarantee for the future. 

I am aware of the risks of peer-to-peer lending and I want to be open about the scenarios to you as well. 

To summarize:

• Grupeer has its bank accounts frozen, meaning nothing can be paid out to investors. Communication towards investors is there, whether it’s genuine is not clear at this point. Also, Grupeer has a KYC procedure going on to unfreeze their bank accounts. They seem to do their best to resume operations. You can read their FAQ here.
• Crowdestor has resumed payment for all projects. Payments are coming in as usual, and no investments have defaulted yet. 
• EstateGuru and Reinvest24 have continued to pay according to schedule. 

Crowdestor

Portfolio Value: €4,243.12

Average Interest Rate (XIRR): 11.12%

Passive Income: €49.61

Crowdestor is back on track with their projects. As their projects pay irregularly, I expect earnings to fluctuate going forward. As I am not living from my passive income yet, regular payment is not something I am currently looking for in projects. 

I currently invested €4243, which has yielded me €49.61. That’s 11.12% yearly interest, which is a great comeback. I will continue to diversify among platforms, and Crowdestor will remain one of the main ones. 

Check out my Crowdestor review 🔥 for more detailed info.

Mintos 

Portfolio Value: €1,465.47

Average Interest Rate (XIRR): 13.08%

Passive Income: €11.26

Mintos is currently one of the biggest peer-to-peer platforms in Europe, which makes it a good platform to start building up your passive income streams. 

Mintos is a great place to invest if you know which loan originators to choose. These loan originators are reliable and will be generally safer than a loan originator with a low(er) rating. 

I currently have €1,465.87  invested with Mintos. That gave me €11 passive income in July, which is a 13.08% average annual interest rate. 

🔥If you’re not using Mintos yet, check it out. You can read a detailed Mintos review here or you can sign up directly.

When you sign up with Mintos using my link, you get a 0.5% extra return on any investments made within the first 90 days!

Try Mintos Now

EstateGuru

Portfolio Value: €1,150.32

Average Interest Rate (XIRR): 7.64%

Passive Income: €5.49

EstateGuru is my path to real estate investing. It’s one of the biggest real estate crowdfunding platforms in Europe, and they have a great track record. At the moment of writing, they have not lost a single euro for their investors since their start in 2014. 

EstateGuru is one of my favorite real estate crowdfunding platforms. Since I started investing with them in November I’ve had great returns,. Up until now, the platform is performing as expected.

I’ve recently invested in five new projects. Two of them aren’t paying anything until the loan ends, which means that there will be ups and downs in my return rates. 

Currently, I have €1,150 invested in EstateGuru, with €5.49. That’s an average return of 7.64%. 

🔥 Sign up using this link to check Estateguru out yourself or read my review here!

EstateGuru is currently giving 0.5% cashback to my readers, on any investments you make within the first 3 months if you sign up using my link. 

Join EstateGuru Today >>

Funding Circle

Portfolio Value: €677.92

Average Interest Rate (XIRR): 3.53%

Passive Income: €4.08

Funding Circle was the first crowdlending platform I invested in back in 2018. Their returns aren’t great and they have no buyback guarantee. I wouldn’t recommend them. 

All the other platforms I have mentioned have a far greater risk-reward ratio, so check them out instead.

🔥 If you’re interested in real estate crowdfunding, I have a list of platforms that I recommend here. 

Reinvest24

Portfolio Value: €98

Average Interest Rate (XIRR): 5.68%

Passive Income: €0.57

In October I started investing with Reinvest24, a real estate investment platform that allows me to invest relatively low amounts. 

The thing about Reinvest24 is that they give you yield on your investment, just as if you’re receiving rental income. On top of that, property gains will be calculated when a property is sold. 

🔥 If you want to give Reinvest24 a try, sign up here or check out my complete review here!

Open An Account At Reinvest24

July 2020 Monthly Report – Goals

Here they are:

• Move daily – PASS! Every day I walk for 30 minutes or went for a bike ride. I even went with friends for a couple of 10-15 km walks (7-10 miles). 
• Work out 3x per week – PASS! Working out is starting to feel like a habit. I do it every Monday, Wednesday, Friday just before I’m having lunch. Having a routine around working out works very well for me. 
• Tweeting 4x per day on Twitter – FAIL! I didn’t make the time for Twitter this month, oops. Tweeting something when I’m feeling inspired isn’t in my system yet. 
• Read 2 books – FAIL! I read one book this month. I want to read more, so I’m going to incorporate it into my bedtime routine. Read 30 minutes before I go to bed.

August Goals

• Move daily
• Work out 3x per week
• Optimize site speed – there are a couple of plugins that are slowing my site down. What are your suggestions for email signup forms and other opt-in forms?
• Read 30 minutes before I go to bed
• Work ahead 4 weeks in posts – I was ahead 4 weeks but let it slip back to one week. Oops, I’ve got to up my game!

How was your July? Let me know below!