Monthly Report November 2020 – €1600 Extra Income

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

As every month, I’m publishing my income and expenses here. It is a great way to keep me accountable to track my journey to financial independence. Even though I love working on my finances, it is a great way to keep monitoring it. Do you want to read the reports of my past months? See my past monthly reports here.

November went by fast. Again. The rules got stricter. Again. From the 1st of December, it is mandatory to wear masks in all public spaces like the supermarket and the train station (of course, exceptions are in place for people with medical reasons). 

Things got crazy at work, and I had very little time to work on my own projects. With 30% of our department let go, there is always enough work to do. Luckily,

Highlights of my November month:

💸 Expenses of €760

👉 81% savings rate

🌟 Extra income of €1607

💰 24% to FIRE

November Expenses

Here you can find the details of my November costs: 

November gives me a monthly savings rate of 81%. My goal for 2020 is to have a savings rate of 75%. I’m right on track with my yearly savings rate of 79%.

November Income

Here is a breakdown of income per source:

Source	Income	XIRR
Blog	€950
Freelancing	€570
Website Testing	€28
Reselling & Flipping	€2
Other	€19
Crowdestor	€11.09	9.19%
Mintos	€10.82	11.82%
EstateGuru	€10	8.84%
Funding Circle	€4	4.40%
Reinvest24	€0.6	6.13%
Total	€1607	P2P: 8.90%

Let’s get into my passive income, side hustle earnings, and my other income for the month.

November 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. 

Do you want to start investing in peer-to-peer platforms? Check out which P2P platforms give a sign-up or cashback bonus!

In November, I got a total of €35 in passive income. Here is a breakdown of all my passive income sources:

Note: I’m not a financial advisor, and I’m not giving financial advice. I’m only telling you what steps I take. A significant part of my investment portfolio is peer-to-peer lending or crowdlending, which means higher risk and higher return. 

Many peer-to-peer platforms have had some coronavirus difficulties at the beginning of the year. Now, most of the projects are restarted or refunded. It is essential to know the risks of peer-to-peer lending before you start investing. 

To summarize for the different platforms I’m invested in:

• Grupeer has its bank accounts frozen, meaning they’re not able to repay investors. It’s not clear at this point what will happen. 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 had some difficulties at the beginning of the COVID crisis. Many projects got an extension for the repayment (up to 3 months). Payments are coming in, and no investments have defaulted yet. 
• EstateGuru and Reinvest24 have continued to pay according to schedule.

Crowdestor

Portfolio Value: €3,648

Average Interest Rate (XIRR): 9.19%

Passive Income: €11.09

Crowdestor is on track with their projects. The fluctuation in payments is due to the projects I’ve invested in that are paying irregularly. 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 €3,648, which has yielded me €1. That’s a 9.19% XIRR, which I am very content with. I will continue to diversify among platforms, and Crowdestor will remain one of the leading platforms I will invest in. 

Check out my Crowdestor review 🔥 for more detailed info.

Mintos 

Portfolio Value: €1,488

Average Interest Rate (XIRR): 11.82%

Passive Income: €10.82

Mintos is currently one of Europe’s biggest peer-to-peer platforms, making it a great platform to start building up your passive income streams. 

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

I currently have €1,488 invested with Mintos. That gave me €11 passive income in November, an 11.82% average annual interest rate. 

🔥If you’re not using Mintos yet, check it out. You can read our 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: €1,200

Average Interest Rate (XIRR): 8.84%

Passive Income: €9.52

EstateGuru is a way to start real estate investing with a low barrier. It’s one of the biggest real estate crowdfunding platforms in Europe, and you can start investing from €50. 

EstateGuru is one of my favorite real estate crowdfunding platforms. Since I started investing with them in November 2019, I’ve had between 9-11% return. 

I’ve recently invested in a couple of new projects. Two of them are paying all interest and principal at the end, which means my interest payments will come in bulk. 

Currently, I have €1,200 invested in EstateGuru, with a €9.52 return. That’s an average return of 8.84%. 

🔥 Sign up using this link to check Estateguru out yourself or read our EstateGuru review!

EstateGuru is currently giving 0.5% cashback to my readers in the first three months if you sign up using my link. 

Join EstateGuru Today >>

Funding Circle

Portfolio Value: €589.95

Average Interest Rate (XIRR): 4.40%

Passive Income: €3.90

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

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

🔥 I have a list of platforms best real estate crowdfunding platforms that I recommend. 

Reinvest24

Portfolio Value: €98

Average Interest Rate (XIRR): 6.18%

Passive Income: €0.57

A year ago, I started investing with Reinvest24, a real estate investment platform that allows me to invest relatively low amounts. I like that they pay a yield plus capital gains when you sell like you’re receiving monthly rental income. 

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

Open An Account At Reinvest24

November Goals

Before we go into my November goals, there is a proud moment that I would love to share. Grow published an article about how I make money with my side hustles. Read the article here if you’d like!

My November goals:

• Optimize mobile site speed – FAIL. Mobile site speed is a lot of work. I will continue to work on that in December. 
• Create pins for old posts – PASS. I’ve created pins for old posts this month. Now I need to schedule them in Tailwind and post them automatically on Pinterest. Go to my Tailwind Review for more info on how to use the platform. 
• Take a real estate course – PASS. I’ve taken the Dutch real estate course like I intended. However, the laws will change from January first, making it much more expensive to buy a house as an investment. If I go through with looking for an investment property, I will keep you updated!

December Goals

• Optimize mobile site speed
• Work ahead two weeks in posts
• Go for a run 5x per week – I wanted to stay fit in 2020, so I’m going to up my game. Until now, my goal was to work out three times per week. In December, I want to go for a run every morning during the week. At the weekends I’ll go for a walk to stay active. 
• Write two hours every morning – I am slacking in writing new content. Earlier this year, I was writing two hours every morning, where now I’m doing tons of other stuff instead of writing. Let’s get back on track. 

How was your November? Let me know below!