• 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!

  • regular posts

    5 Simple ways to improve your personal finances

    Have you ever found yourself in a situation where you had to stress about money? Most of us probably say yes. Having your personal finances organized will save you time, lower your stress levels and it also saves you money because you won’t need to use your credit card or borrow the money with high interest ever again.

    Follow these simple rules to improve your personal finances and take control of your money right now:

    1.Start tracking your expenses

    Do you know how much you spent on ordering UBER eats last month? Or buying coffee? Measuring the expenses is the first step in managing your personal finances. Monitoring your expenses should not take more than 5–10 minutes a week. One of the easiest ways to track your expenses is to start budgeting with an app called MINT or if you are a bit old school like me a good old excel spreadsheet will do its work. You can download my favourite budgeting template HERE

    budgeting template to improve your personal finances
    Budgeting template screenshot

    2. Have an emergency fund

    Having an emergency fund is a really important part of managing your personal finances. Having at least 3 months’ worth of savings to cover your basic living expenses will make your living much less stressful. It provides priceless peace of mind knowing that whatever happens, you are ready for that without reaching out for a high-interest credit card or a consumer loan.

    3. Check your subscriptions and any recurring monthly bills

    You will be surprised by how many people have an unused gym membership. In 2019 alone, Americans spent $1.8 billion on unused gym memberships according to this survey.

    Maybe it is unused Spotify, Netflix or you really do not need the most expensive mobile plan? Checking your usage is definitely worth look at. I don’t know any company that will remind their customers that they haven’t used their service despite paying for it for months or even years.

    4. Make sure you pay the best prices

    While shopping is not exactly saving money, but if you have to buy something you can make the most of your money comparison shopping, ensuring that you’re paying the lowest prices for products and services. Look for discounts, coupons, and cheaper alternatives whenever you can.

    Many people are not aware that a lot of online stores get their products from Aliexpress, which is a basically online warehouse, you can find almost everything there with the cheapest prices, the only downside is the shipping time.

    If you like online shopping then you should use a browser extension called Honey (it is completely free) it will automatically find the bonus codes(if there is any) while you are checking out the order.

    Honey app to save money
    Honey app

    You can download the app by clicking here.

    5. Plan your weekly menu and shop groceries once a week

    Having a weekly shopping list will save you time and money. I find this one of the simplest ways to start managing your expenses. Reducing the frequency you go to the shops reduces the chances to do impulse purchases.

    Following these simple ways to improve your personal finances will help you save your time and money. It does not happen overnight but after a while, your savings will start to grow and you can pay off the debt you might have faster which means you can start saving even more.

    It is not just about having more money in your pocket it is peace of mind and less stress on things that can be solved with some lifestyle changes.

    Next post will be another net worth update. If you like the content I write please consider subscribing to my blog.

  • regular posts

    The Personal Finance Books Everyone Should Read

    the personal finance books everyone should read

    Let’s be honest. I don’t read books a lot, but every time I start reading one, it gives me a boost of motivation that lasts for a few months. I just thought I share my favorite personal finance books that I think everyone should read.

    “Rich Dad, Poor Dad”

    (2009) by Robert Kiyosaki

    It was probably the first finance book I read and I must say it has changed my view of money and finances in general. It is really eye-opening and very easy to read and understand. If you have not read this then I recommend you to get this book as soon as possible.

    Rich Dad, Poor Dad certainly ranks as one of the all time classics in personal finance books. Rather than focus on concrete steps for what people can do to fix their financial life, the book presents an alternative mindset about money. According to Kiyosaki, the rich teach their children a fundamentally different view of the financial world.

    For example, the book points out that working hard and even earning a high income is not enough to ensure financial success. Rather, the book emphasizes that the rich work smart and spend more intelligently. Indeed, a person with a $100,000 income and $110,000 in expenses will end the year poorer while a person with a $30,000 income and $20,000 in expenses ends the year wealthier.

    “Rich Dad, Poor Dad” is a must-read for those looking to change their attitude about money and wealth. You can read all the practical books with sound financial advice, but if you lack the mindset to truly build wealth, it will be difficult to achieve financial success. (We provide some classic and lesser-known titles to add to your collection.

    “How I invest in equities”

    (2017) by Seppo Saario

    This book I got my first contact with technical analysis where he demonstrated a very simple and robust moving average crossover strategy. There’s obviously more to technical analysis but this book covers some of the basics.

    This book by the famous Finnish investor and to my knowledge is published in Finnish and Estonian only. Seppo Saario is a highly experienced investor and in his book, he describes his approach to investing in stocks. He starts off with general statistics about stocks being the best long-term investment. He shares personal experience and knowledge on how to get first exposure in the markets; when to buy or sell; some very interesting historical data about investments; how to manage risks etc. Saario writes about what to look for in a company to get the best value, how to avoid mistakes, best practices, and more.

    “The Intelligent Investor”

    (1949)by Benjamin Graham

    The Intelligent Investor is a must-read for any aspiring investor. This book covers pretty much everything related to investing with its over 500 pages of valuable information.

    The Intelligent Investor is the grandfather of investment strategy books. Author Benjamin Graham is often regarded as one of the fathers of the value investing school. The book stresses the importance of fundamental analysis and truly understanding your investments. By learning to analyze potential investments in depth, investors can learn how to spot underpriced stocks backed by robust companies.

    The central tenet of the book is that a scientific approach should be used when directing your investments. Reading this book you will learn to keep your emotions out of your investments and develop a skeptical stance toward anything resembling the type of Wall Street hype that so often gets the average investor into trouble.

    “The Little Book of Common Sense Investing”

    (2007) by John.C.Bogle

    This book’s main topic is investing long term in mutual funds. It covers this topic entirely. This book was really easy to read and understand and I totally recommend it.

    The Little Book of Common Sense Investing is the classic guide to getting smart about the market. Legendary mutual fund pioneer John C. Bogle reveals his key to getting more out of investing: low-cost index funds. Bogle describes the simplest and most effective investment strategy for building wealth over the long term: buy and hold, at very low cost, a mutual fund that tracks a broad stock market Index such as the S&P 500.

    While the stock market has tumbled and then soared since the first edition of Little Book of Common Sense was published in April 2007, Bogle’s investment principles have endured and served investors well.  This tenth-anniversary edition includes updated data and new information but maintains the same long-term perspective as in its predecessor. 

    I hope you found this personal finance books everyone should read post interesting and if you have any personal finance book recommendations then please let me know and comment.

    You can read my latest net worth update here.

  • 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.