• net worth updates

    Net Worth Update June

    net worth update june 2020

    Where did June go? Anyone still here? I hope you guys find the way back to my blog at least a few times a month. I have repeated a sentence “consistency is the key to success” all over, again and again, to keep myself disciplined to post at least 2-3 times a month and started a side hustle too. Hit a subscribe button to get notified with the new posts. I will not spam anything else. Because I hate spam posts too.

    I also started an r/networthgainer at reddit.com. A community dedicated to gaining wealth. Budgeting, investing, trading, economics discussion, side hustling, and passive income. Ask for feedback for your project/website/blog, or build a team to make something together. You are all welcomed to join to make it an active subreddit.

    In June I achieved one of my 2020 goals to have at least 10 000€ in my emergency fund.

    Now that I have achieved this goal I shift my focus to building additional income streams through side hustles. For example, I started a Youtube channel: Dash Cam Weekly, currently have 6 videos and roughly 800 views. It is my first ever Youtube channel. To get monetized on Youtube I will need at least 1000 genuine subscribers and 4000 hours of watch time. I am at 109 subscribers and 44 hours at the moment. It is completely free to produce content and takes about 1-2 hours to do a video, but there is a lot of competition to get an audience, but CONSISTENCY IS KEY TO SUCCESS, and I am dedicated to making at least 33 videos and hopefully gain traction along the way.

    Now let’s start with net worth update

    Quick overview

    The total amount saved in June €1378.63 (-37.72%) Invested: + 150€ in equity funds +400€ in cryptocurrencies On the 1. July my total net worth stands at 18 005.43€(+8.2%)


    It took a whole month to get back 4 loans. Received 7.15€ in interest payments.

    Now almost all loans in my Mintos lending portfolio are overdue by now. I stopped giving out loans at the end of February. It has been 4 months. I should theoretically have most of my money back by September. Well, that is what I am hoping for.

    Yes, crowdfunding was good until Covid-19 happened. Is anyone else also investing in Mintos? Are you still give out loans or did you exit already?

    My strategy is to exit crowdfunding for now and put this money into dividend-paying stocks.

    mintos referral code
    Mintos sceenshot


    Happy to see green numbers in my tiny stock portfolio. HAE1T also announced a dividend payout of 0.14€ per share.

    I did not acquire anything in June and I didn’t receive any dividends.

    my stock market portfolio
    My stock portfolio June 2020

    Equity funds

    I bought 150€ worth of NHCBHFFT shares in June. Lowered my average purchase price a little bit. It will nice to receive a slightly bigger dividend payout next quarter.

    I didn’t receive any dividends in June.

    equity funds
    My equity fund portfolio

    Bank savings account

    10454.7€ in my bank savings account mean’s I have reached my 2020 goal to have at least 10 000€ in my emergency fund. I am holding it on easily accessible savings account on 0.75%-1.25% percent interest every year. This month I got 4.14€.

    This is enough to cover 12 months of basic livings costs for me. It is easier because I share my apartment and we split most of the bills.

    Cryptocurrencies [AUD]

    In June I put some more money in to make trading more fun. Had few good trades making 40-60$ profit per trade. At the end of month had to take some loss to buy in back cheaper. Learning to trade is fun. 2500$ is about max I am willing to trade with. I am long term believer in cryptocurrencies. If I get “stuck” in a trade then I am okay to HODL (hold for long time).

    coinspot referral code
    My cryptocurrency portfolio at Coinspot

    Total passive income

    I started tracking my total passive income from January 2020 and right now I am holding dividend-paying shares, the interest-paying fund, opened a savings account, and hold a small portfolio in the Mintos P2P marketplace. The total passive income in May was 11.29€(-23.66%).

    11€ will buy me 4 cups of coffee in Sydney, Australia.

    Passive income June 2020
    Passive income June 2020


    On the 1. July my total net worth stands at 18 005.43€ which s 8.2% gains comparing to 1.June.

    It is 99% from active work, but overall it does not really bother me. Right now it is important to have a ball going and start picking fruits after a few years.

    my net worth june 2020
    My net worth June 2020


    It has been a year since I started documenting my net worth.

    I have come from 1000€ to 18 000€ in one year. I actually haven’t been really frugal to achieve this. But at the same time, I haven’t really bought myself anything expensive. I have a 10-year-old car. 2-year-old phone. The last time I bought clothes was like 4 months ago. The last most expensive thing I bought was earphones that cost me 300€. But other than that my top 5 expenses are:

    • Rent
    • Food
    • Fuel
    • School payments (for my visa in Australia)
    • Electricity & Home internet

    And to be honest. I don’t miss anything a part that I miss freedom. To be my own boss and having a schedule as I want. To have time to travel around the world without having any restrictions.

    But now in 2020, it is another type of world. Where freedom is an illusion and can be taken away by authorities whenever they please. Disguised as taking care of our health.

    I hope you found it easy to follow this post and do not forget to subscribe to my blog to get notified when there is a new blog post.

    Be well and thank you for visiting net worth gainer!

  • net worth updates

    Net Worth Update May

    net worth update may 2020

    Time to take May into pieces. Stock markets have been bounced back and it seems like fear of coronavirus has been faded a little bit and new “thing” came up called “Black Lives Matter”. Of course, it matters, so do any life. And lately, someone started to run “Start Investing” advertisements all over the radio stations. I think there was a good time to do some changes to the portfolio in March. Who bought stocks in March are now most likely able to make a profit from it. My strategy is still to acquire savings and only buy very small amounts of shares as I am still figuring out my way at investing and I think the regression has not even started yet. So better have some cash ready to hop in when the prices are right. Let’s now get to the business and start with the net worth update.

    Quick overview

    The total amount saved in May €2213.92, added + €370.30 into Bitcoin and on the 1st of June 2020, my portfolio stands at €16 626.80


    Mintos has been doing suspicious things lately and it makes me a little worried. Sometimes the numbers do not add up:

    Mintos overview, mintos referral link
    Mintos showing wrong numbers on its statement

    And many of the lending companies listed in Mintos has stopped paying, half of the loans are overdue and grace period which supposed to be up 2 days is now a week or even more. I stopped completely deposits and investments in early March. I am slowly getting my money back, but what we are learning now is that there is no quick way out unless you are one of the first ones to withdraw your money.

    mintos referral link
    My Mintos portfolio on 1st of June


    By the end of May, stocks have been rebounded fairly and my small stock portfolio gained roughly 100€ in its value. I did not buy into any positions in May.

    baltic stock market, stock portfolio
    mStock portfolio


    I am currently holding a position in NHCBHFFT since 12.2016 and so far I have earned a total of 108.98€ interest. They pay it out quarterly and this month I have earned 9.08€. I reinvested this dividend and now hold 613 shares. Baltic Horizon fund cut its usual dividend by roughly 50% in the first quarter of 2020 due to COVID-19 and unknown circumstances around that. I agree with the managers of the fund and it is better to have some backup money on the fund account.

    equity funds, baltic horizon fund

    Bank savings account

    Currently, I have  €9854.98 on my bank savings account. That means I almost achieved my this year goal to have €10 000 on my savings account. In May, I put an additional 1805.46€ into my savings account. I also earned 0.71€ interest on it which is not much, but passive income is passive income.

    Cryptocurrency [AUD]

    I have put some money into cryptocurrency as the Bitcoin halving is on the was in the middle of May and I am speculating that it will be a good investment in the long term. I did one successful trade as well sold all my bitcoin at the price of 14800$ AUD and bought back at $13902.02 AUD making me profit 84.52$ AUD.

    net worth of my cryptocurrency portfolio. Coinspot crypto exhange
Bitcoin halving, bitcoin, ripple
    Cryptocurrency portfolio overview

    Total passive income

    I started tracking my total passive income from January 2020 and right now I am holding dividend-paying shares, the interest-paying fund, opened a savings account, and hold a small portfolio in the Mintos P2P marketplace. Total passive income in May was 14.79€.

    It may be not much but if I am consistent it will grow over the years and eventually I would be able to pay for my living costs from the passive income I get. For 14€ I would be able to pay for my monthly mobile recharge.

    Passive income May 2020
    Passive income May 2020


    For me, tracking net worth is really motivating. Knowing that you have a financial fortress behind you and having a month or two off from work will not be a problem. I started just with having ~1200€ on my name in June 2019 and currently, I am sitting at  €16 626.80 I don’t count my car, my phone, and other personal belongings in my net worth. I do not have any dept/loans on my name.

    net worth, savings
    Net worth update May 2020

    My net worth is a sum of:

    • Value of the shares I own each month and cash sitting on the investment account
    • Value of my savings account + cash
    • Value of the Equity funds I own
    • Value of my crypto portfolio
    • Value of P2P lending portfolio
    • Value of the SUPER/PENSION FUND
    • MINUS all dept/loans (which I do not have)


    Some of you might think that the way I am going with my savings and investing is too slow and boring. Well, I think the same. I am actually looking to accelerate the progress and started my first Youtube channel and you might be interested to look this out: https://www.youtube.com/channel/UCiewl1Xe02D2Vxfx202cfSA

    Billionaire George Soros (actually I do not like him because of his reasons to do things) once said: “First million is the hardest, after this, it will go easier” And I also think saving first 1000€ was harder than saving 1000€ now, passive income and other small things are helping on the way.

    I have one rule when I am investing my money and this rule is NEVER LOSE MONEY

    It is really important for me to write this blog because it is really giving me a boost and motivation for the month to come because seeing the progress in beautiful charts and graphics is motivating.

    By the way, I am using an excel spreadsheet to track my spending and income. You can have it too, simply follow this link.

    I hope you guys enjoyed net worth update May and please subscribe to this blog to get notified with further updates.

  • regular posts

    Free budgeting template

    budgeting free template


    It is always a good time to start having a good overview of finances. I am providing you with my favorite and FREE budgeting template that helps me to track my monthly income and expenses. This template is easy to use and will take about 1-2 minutes a day and it provides a summary of all your income and expenses by month, the savings rate, and a nice graph for an instant visual representation of your efforts. The categories on the left provide more detailed information.

    The income and expenses sheets work identically to each other. To have the overview page aggregate all your data, you’ll have to provide the date, select the type of income or expense from a drop-down menu based on the categories on the overview page, and enter the correct amount of money. For future reference, you can also add some detailed information.

    That’s it! The Excel sheet will take care of the rest and provide you with a nice summary of your budget. When a year passes by, just change the year you wish to view at the top of the overview sheet and you’ll be all set. If you ever wish to check your savings rate from a couple of years ago, you can always go back and change the date again. Excel will take care of the rest

    budgeting spreadsheet for free
    Screenshot of budgeting spreadsheet

    Download the free budgeting template here and let me know in the comments what you like or don’t like about it!