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So how was the previous months for my investments and what returns did I receive.
Let’s review the numbers for last month’s earning and invested amounts.
Monthly Income Statement: November 2019
Platform Income Total Invested
invested amount this month
19.08€ 1 906.17€ + 25.00€
Total 22.99€ 2 330.05€ + 25.00€
First goal: Passive income 1’000 € per month (at this level I will be financially independent, and I will be able to pay for my daily expenses);
Achieved 2.29 %
Second goal: Passive income 2’000 € per month (at this level I will be comfortably financially independent. This is close to my current day job salary);
Achieved 1.15 %
Third goal: Passive income 10’000€ per month (at this level I will be able to achieve my life dreams, do pursue my traveling hobbies and spend my free time with my family);
Achieved 0.23 %
Fourth goal: invest minimum 10% from monthly income.
Not achieved – invested 1.55 % from monthly income.
“Income from investments” this month it was 22.99 € (10.55 € more than last month).
That means I’m 2.29% Financially Free (up by 1,06% from last month). The invested amount this month was pretty low as I lend a big portion of available money to a friend in need, in the next few months the lended money will be returned and I will invest it all. However, December investments will be much higher and will balance out the November’s low investment amount, as already on 2nd December I have invested in P2P platforms almost 15% from my monthly income and at least I will be doubling this number in the December.
My financial journey is just starting so I am not letting my goals go and I know I will achieve them! After playing with Excel and calculating when I will financially free I understood that by investing only 10% from my income I will achieve my first goal in 15 years, so I will be trying to up the invested amount as much as I can every month and will try to achieve at least 20% invested amount from my all income. By doing so the time period for achieving my first goal will be shorter by at least 5 years and I will be able to fully sustain my expenses only by returns from P2P investment platforms.
Saving up and investing is marathon not a sprint, be patient!
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