Here is my December 2020 Passive Income Update.
Similar to the last 6 weeks, I am still stuck in the hamster-wheel working 48-hour weeks. But end is in sight. Most of my work wraps up by the end of the year and next year will be quieter – which I am actually extremely grateful for.
My work-life balance for most of 2020 was actually an absolute dream. I worked 20-25 hour weeks and had plenty of time for outdoor activities, exercise, traveling, reading, etc. The pandemic has taught me to slow down.
In terms of passive income, November was a really good month. My total passive income in November 2020 was 925.29 EUR (1,120.32 USD):
– P2P lending: 530.77 EUR
– Real Estate Lending: 59.36 EUR
– ETF Dividends: 66.19 EUR
– Stock Photos/Videos: 268.97 EUR
Passive Income Breakdown:
P2P & Real Estate Lending Overview – December 2020 Passive Income Update
As part of my December 2020 passive income update, here is a quick overview of passive income that I was earning this past month from three (3) P2P Lending and two (2) Real-Estate P2P Lending platforms that I am currently investing in.
–Traded Funds (ETF) Update – December 2020 🥳
Even in times of COVID-19, I hold onto my opinion that investing in the MSCI World ETF back is one of the best and most cost-effective ways to save & invest long-term (e.g. for retirement) while earning passive income from dividends.
Why would I say that? Since I started investing in the MSCI World ETF in 2016, the value of the ETF has increased by 47.47% (despite the recent coronavirus-related shock in stock markets). The shares that I bought originally for 145.09 EUR a piece are currently valued at 204.51 EUR. Read more in my ETF portfolio post.
As of today, I am holding 94,248.07 EUR in MSCI World and MSCI Emerging Market ETFs. The value of my ETF portfolio increased by 8.30% in November 2020, which brings the year-to-date balance to 4.73% which is very decent given the situation the world is in.
My 1,000 EUR monthly ETF savings plan
Many of you will know about my 1,000 EUR monthly ETF savings plan which I talked about in my January 2020 Blog Post. It’s automated, runs in the background, and keeps buying MSCI World ETFs worth 1,000 EUR on the first of every month. It’s a fantastic way of cost-averaging and keeps me committed to my financial savings goals. Thanks to my savings plan, this year I have saved 11,000 EUR.
More about my ETF savings plan and why it was such a great idea to go back to an automated saving plan in this blog post.
That’s it for my December 2020 Passive Income Update! If you are interested, please follow my journey on my Facebook page Financial Freedom Journey for more frequent updates. And as always: If you have any questions or comments, please pop them in the comment section below. Or get in touch via Facebook or Email.
Stay healthy and enjoy the first days of fall!