August 2019 update: blogging income "skyrocketed" ๐Ÿ˜‚


July was a quiet month for me: passive income dropped to 1,775 € and I didn't do much except vacationing. The process on potentially changing my job role is still on-going, but, soon closing in to an end. It's starting to look very likely I have some occupation-related changes coming up soon. Very exciting.

But the most exciting thing is that blog income was 380 €! Wooot?! ๐Ÿ˜ฎ

For those who are new, hi! I'm The Wealthy Finn! Nice to have you here.

I'm going to become financially independent. I almost feel like I already am. You don't actually need a lot of money to live a good life. With 400k€+, I am already at a point where I feel like I can do what I like. But I can't just stop going to work, not just yet.

My first stage goal is 3,000€ in monthly passive pre-tax income, which translates to 2,100€ post-tax. As per my earlier post, my monthly expenses are about 2,200€, so the goal doesn't currently completely cover my expenses, but, there is definitely some wiggle room in my budget (ehm. travel) for me to still live very comfortably with what I'm targeting.

It was a good month for the blog. Monthly unique visitors grew to 1,476, which is almost 50% increase from previous month. Yay! I've considered a great long-term goal as about 30,000 unique monthly visitors, so need to double that four times and I'm close!

Subscribers grew to 107 (67), twitter followers to 891 (650) and Pinterest followers stagnated at 64. It's a start, but it'll take time.

Let's get to the actual content, what you're here for. Passive-ish income of this month: ๐Ÿ‘‡๐Ÿป

annualized* income
Bondora 17% 506 €
Blog income 380 €
Lainaaja 7% 285 €
Mintos 12% 234 €
Swaper 14% 227 €
Envestio 18% 196 €
Crowdestor 15% 91 €
Robocash 12% 90 €
Dividends 1% 83 €
Grupeer 13% 20 €
Kuetzal 13% 16 €
Fastinvest 12% 10 €
Peerberry 10% 9 €
Viainvest 10% 8 €
Twino 12% 1 €
Rent 4% 1 €
Agrikaab 32%** 0 €
Total 2 155 €
* Best guess of long-term return on investment
** Agrikaab pays out quarterly

Blog income isn't truly passive, so if we count that out, I'm at 1,775 € for July, which sets me at 59% from my goal (last month 2,056€ / 69%). I have deducted loan principal payment of rental apartment (260 €) from rent. Blog income isn't passive really and with the apartment, it's income I don't really have access to.

Goal: 1,775 € / 3 000 € in passive income
59 %


Passive income of other bloggers

There are quite a few European passive income blogs. The below chart gives a good picture of how we're progressing. (instructions to contribute) Check out the full chart ๐Ÿ‘‡๐Ÿป





There seem to be emerging two distinct groups: those who start blogging after they're already quite far on the road, and then there's the larger group that start documenting early on.

Woah, look at that financiallyfree.eu skyrocketing to over 3,000 €. Is that true, Jรธrgen? Awesome work if that's true. Quite a staggering jump. Anyway, go say Jรธrgen hi and check out his awesome reviews, if you haven't already.

I also want to highlight onemillionjourney.com, flowfin.tech as they have managed to take the chart out in front of readers and thus spreading the European FIRE journey. You should go check out those sites.

2968 € increase in invested capital 


This chart contains capital changes in July. Positive numbers is net capital added (including reinvestments), negative numbers are net principal paid back. This includes only capital that got invested.

I added some cash to my Grupeer account, since I love Grupeer ๐Ÿคฉ. Swaper managed to get rid of some cash drag. I'm continuing my run-down of Lainaaja and reducing Bondora. Some principal was returned on Envestio, but no suitable projects were available, so I have some cash on that account.

Here's what my most significant wealth looks like in categories this month.


As the pie grows, I notice getting more concerned about diversification than maximising returns. The size of the pie is about 391,000 €, and has come down from last month (394,000). Stock markets and cash drag.

A deeper look into the 1,775 € monthly passive income



Passive income dropped slightly from 2,056€ last month to 1,775 €. Unfortnuately, I need 26,477 post tax to support my current lifestyle. There's still some way to go.

That odd spike to the left is a big chunk of blog income for my Finnish blog for one odd month. Don't worry about it.

Let's zoom in on the different sources, shall we. Grab a coffee.

Blog income


Due to a few requests on this, I decided to start tracking blog income in these posts too. Blog income is not very passive, so I'm excluding it from the total passive income. Still, it's income I can use to retire and it scales well.

Blog income over tripled from July from 115€ to 380 €. Not bad at all. This does include some income from the Finnish blog too, but I'm mostly nowadays translating my English texts to the Finnish blog, so it's nowhere near twice the effort. Maybe 20% more? 

Lainaaja


Interest from Lainaaja is falling as I am withdrawing the principal from this marketplace.

Lainaaja dropped from 382€ in June to just 285€ in July 2019. Anotherdrop! I'm not entirely sure why this is, but it could indicate loans either going to be delayed, or it's a seasonal fluctuation - people taking a month off from paying back debt for the summer. I hope it gets back up soon!

I've mentioned previously that it was a mistake to put everything in one basket with Lainaaja and I was in the process of divesting my Lainaaja portfolio anyway when they announced that they will stop the P2P business.

Even though the Lainaaja portfolio is over 3x my Bondora portfolio, the returns are smaller.

Bondora


With still 27,101 € in Bondora, I got 506 € (compared to 704 €) in interest. That's 25% per annum. The unfortunate part is of course that not all principal is recovered, which means there will be some defaults and losses.

To try and estimate what your overall annual returns end up being, there needs to be some assumptions, like how much will you need to write off from your principal. I'm going to keep developing my own Google Sheets for this purpose, which currently gives me a guess of 17% IRR, as does Bondora currently (gone down).

I've decided decrease my portfolio in Bondora to balance it with other platforms. I'm not going to sell the portfolio nor will I convert to Go & Grow, since I'm interested in how the late loans behave. Stick with me!

There's also a proper review on Bondora, you should read it!

Mintos


I'm really happy with Mintos as it's just a steady performer.

With 23,107€ invested, the revenue from the platform was 234 € in July (Compared to 208 € in March) which is about 13% per annum.

There are no surprises, things just work. Mintos is a solid back bone of my P2P portfolio.

I don't mind getting interest rates like 18%, but it's hard to see that being sustainable. I would be thrilled to get even 10%+ on a long-term and with the muscles Mintos has, it is well equipped to weather some bad times, too.

If you haven't checked out my Mintos review, please do so!

Swaper


The Swaper portfolio stayed increased to 20,033 € (18,957 €). With an income of 227 € (compared to 119 €) it stands at about 14% annualized returns.

Since I have over 5000 € on Swaper, I'm entitled to a 2% loyalty bonus and most of my loans are 11%, over time I should be looking at roughly 13%+ returns.

Swaper is a fairly hands-off platform. To tackle cash drag, I created multiple auto-investment profiles. I believe it means I'm investing in the same loans many times over, but since Swaper has full buyback guarantee and since they're backed by a larger organization, I am taking the risk.

RoboCash


RoboCash accepts deposits up to 10,000 € only, so that's what I did. That has now grown to 10,412 € and yielded 90 € interest in July (101 €), which is about 11% annualized.

RoboCash is a completely hands-off platform. I have a full review on RoboCash too. Please do read it, it's one of my favorite platforms!

Grupeer


I added 5,000 € and now have 6,049 € invested in Grupeer. I got 20 € interest, but should be looking at over 60 € / mo next month.

I have a lot of trust on Grupeer and I think it will become another backbone to my portfolio next to Mintos.

Most of my investments are in 13%-interest amortized business loans, with buyback guarantee. That is pretty sweet.

Here's my review on Grupeer.

Envestio


Invested principal dropped to 8,828 € (10,500 €) on Envestio and I got 196 € interest paid in July (198 € in June) . That translates to 26% annualized. Long term it won't be above 20%.

Through Envestio, I've invested in aluminium production, fruits wholesale, urban mining, sawn timber and wood pallets. All are secured debt and Envestio has a 90% buyback guarantee themselves.

Envestio has become so popular that most of their projects fill up in hours, so, if you are looking to get on board investing through Envestio, it's a good time to sign up and transfer money ready to your account. When you sign up using my affiliate link, you'll also get a 0.5% bonus interest for the first 270 days.

Go have a look at my review on Envestio!

Crowdestor


Crowdestor is definitely something to consider.

I've currently invested 6,204 € on two different projects, and it yielded me 91 € interest last month. That's 19% annualized.

I very recently wrote my Crowdestor review. There's a lot to be liked there and especially the way they tackle platform risk with a buyback fund versus a buyback guarantee. Love it.

Fast Invest


Fast Invest is a very clean and simple P2P lending platform.

So far I only have 1,010 € invested on Fast Invest. Interest in July was 10 €, which means 13% annually.

I like Fast Invest in that it's a very straight forward, clean, usable platform. They provide buyback guarantees and have a lot of loans with 12% interests. So as long as the platform stays up, it's a great one to diversify your portfolio on. I know I will.

Kuetzal


Kuetzal is a brilliant platform that I will definitely bet more on from now on.

I so far only have 1,010 € invested on Kuetzal as I'm just starting out. My interest was 16 € in July, which is about 21%.

What makes Kuetzal so frigging great is that it has very attractive projects with high interest, which are still covered by a buyback guarantee. I'm not sure how long that will last, so better be quick if you want to enjoy those. I also like that it is great balance to my consumer loan portfolio.

I wrote a review on Kuetzal, which I think you should also read.

Peerberry


Peerberry is another P2P consumer crowdlending platform.

For now I have 1,015 € invested on Peerberry and got 9 € interest in July, which is about 11%. I expect it to stay that way.

Peerberry also offers buyback guarantees for the loans. It's a very simple, clean platform again. Great for anyone looking to diversify their consumer crowdlending portfolio.

Viainvest


A very similar story to Peerberry, Viainvest is another P2P consumer lending platform with very similar specs.

I have 1,010 € invested in ViaInvest and got 8 € in interest, which annualized is about 10 %

Other upcoming platforms

Trine: I invested 1,000 € in a one-year project to offset 4 people's CO2 emissions, with an expected interest of 7%. I wrote about it in an earlier blog post, but now also covered Trine in a proper review. I love trine: you work on your financial independence while working on saving the planet. Perfect!

I also opened accounts and invested 1,000 € in Bulkestate and another 1,000 on crowdestate but haven't received any income from them yet.

Agrikaab

The camel ๐Ÿช is doing very well, thank you.

I have previously told that I bought a camel on Agrikaab and it cost me 1 375 €.

Normally the camel pays dividends of 8% per quarter, so will have to wait for two more months.

For those of you interested in reading more about Agrikaab, check out the review I wrote on them.

Thanks for reading

Thank you so much dear reader for visiting! I hope you've subscribed! I think I will need to start writing some more review content on the site, let me know if there's a specific one that would interest you.


And before you leave, why don't you say hi? ๐Ÿ˜Š ๐Ÿ‘‡๐Ÿป

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