Another month has gone and we are heading to the end of the year quite fast. Weather gets shitty, streets are filled because no one wants to go on holidays at that time and christmas business everywhere. First Black Friday, afterwards Cyber Monday and then the “usual” advertisements for Christmas.

This is maybe good for the companies I have shares from and maybe also for P2P lending as a lot of new loans are made to finance the wishes from the next years today – but do we really need that time?

I do not know, but I at that time I always dream of travelling the world. There could be no one out there, when they are all at home buying stuff and celebrating traffic jams 🙂

My October in three words: eye-opening, increasing and a dream coming true

So let’s start with the facts: I am still running on my 3-things-per-day-schedule and it is running good. Also I ask myself whether the point is really worth it to be put on the list, it is a great feeling, when you watch your checked To-Dos at the end of the month.

I also started my planning for 2020. Over the last years I recognized, that planning between Christmas and New Years Eve is not a good idea, as there is a lot of leisure time. And maybe some alcohol, which makes my mind dizzy.

So I started with it earlier that year. And I focused on 2020 until 2025. Also I knew it before the moment was still eye-opening, when I recognized what is possible within the next years, when I concentrate on it.

As you maybe now from my bucket list it is one of my dreams, to run the Transalpine Run. Last week I went to the doc to make the final checkup, whether I can increase my training. I plan with months of preparation therefore, so it was time to get this “okay”. And I received it. There is a lot of training to come, but I am so excited about the experiences up there in the mountains, I can not really wait for it.

Passive income in October: 66,55 Euro

Wow, what an increase. But to be honest it just comes from more invested capital. As I mentioned in my last report-post last month I invested 2.5k on Mintos.

Additionally my money was found on IbanWallet. It is just 2.5% officially until now, but still 2.5% more as you receive on your day money account. Am I pleased? No, not until now, but nearly another Euro per month of passive income in October.

Mintos: 49,10 Euro / 11,23%

I adjusted the auto-invest on Mintos a bit, so I “lost” some money because there were no loans on the market. But since the mid of October the interest rate is increasing again. So the market is caring for his own an all the huge doubts which came up in facebook communities about Mintos were just wasted time to read (in my eyes).

On their blog Mintos published quite a lot of new information about their loan originators. ExpressCredit for example offers loans from Namibia, which is an additional country at Mintos. And some more information about Rapido Finance, Metrokredit and Aforti Finance and even more.

DoFinance: 9,97 Euro / 9,5%

At DoFinance I reinvested the paid interest rate of the last months, which decreases the total interest rate for October. Still the interest rate is paid instantly and I would be able to check the loans I am invested in. Honestly, I do not check them at all :p

DoFinance stopped their promo program in October, where you were able to receive another 1.5% on top. Is it a bad sign? No, I do not think so. Their email said, they want to secure the interest rate for their investors, so the decision was clearly for their investors, than against them.

Debitum Network: 6,10 Euro / 11,9%

Yeah, you can see it clearly. Debitum has a interest rate of 11,9% last month. This is quite easy to explain, because I was paid some overdue interests and received some fees. Nothing to care about, just the consequences out of overdue loans.

Debitum has meanwhile a quite huge share of factoring loans on their platform. I do not know whether this is still my investment case, as my investment was mainly on business loans. Still the platform is cool, but I decided to not invest more at the moment.

Bulkestate: 0,45 Euro / 0,54%

One out of the approximately 10 projects pays a montly interest rate, so please do not overrate the bad interest rate. Bulkestate performance will come by the mid of 2020, when the interest payments will arrive from their projects.

In October and November Bulkestate announced several new investments to be published on their platform. Seems to be very volantile for investors, which is okay as long as you are prepared therefore. I am and I like it.

IbanWallet: 0,93 Euro / 2,23%

Well, that is an experiment for me. Until now IbanWallet was not able to convince me. I understand their type of business model, but I do not understand why the interest rate is that low.

I mean, you could invest at Bondora for 6,75% interest with nearby the same conditions. In my eyes IbanWallet does not offer more security for the less of the interest rate.

But, beside all critics I have to mention, that they paid the interest rate in my case since the day I transferred the money. So also they were searching for it and could not work with it, I still received the interest payments. I will try to find out about my questions and give it a chance for another month.

Cashbacks for you in November

Nevertheless, IbanWallet is a test for me. If you open an account here, IbanWallet will pay you an additional 1% from an investment of 200 Euro on for the next three month. That is not much, but if you are parking your money anywhere 3,5% is much more than your bank will give you.

Mintos will lower their investment bonus from 1% for 90 days to 0,5%. If you want to invest, you should do it now and make your profit from the raising interest rate and the 1% bonus.

During November Bondora offers anyone who invests the chance to win 1.000 Euro upon their investment. Sign up with my link and you will receive 5 Euro bonus on your account to invest, regardless of what you make a deposit afterwards. Sounds like a quite cool chance and I will make my payment soon.

Welcome November – Which chances are coming up?

The month started great, as I decided to step back from some contracts with clients. This is mainly to invest more into my passive income investments. Meanwhile the situation changed a bit than months and years before when I had to work. Today I am able to focus a bit more on my income streams.

Honestly, also this sounds like freedom this type of feeling is still far away. September and October were super-productive if I check the numbers, but it was not really fun to work on all that stuff.

Therefore I decided within my planning for 2020 to get rid of anything which I do not like. Funny to find out at the age of 38, also I am just talking about my sidebusiness.

Do you already made plans for 2020?

The second half of 2019 I made very good experiences for myself with working in 90-day-sprints. At every end of a sprint there should be something cool as a goodie.

My sprints for 2020 are not planned completely. At first I put in the things which are important for me, which already sums up to about 60% of the time.

I am really looking forward to 2020 and I hope I was able to inspire you a bit about your planning. As I mentioned before I also made a long-term planning until 2025. Especially here you can see what you are working for and what impact your work today will have in 2025.

I like this overview much as my way to financial freedom seems to be very tough, but a passive income of my todays salary in 2025 makes motivation ways easier.

Live-Stream of my Life

In September our son started with going to school. He just went 7 years and it is a big topic for him since the day 2019 started. Meanwhile, 8 weeks later and with the first holidays things got more routine for anyone of us. But I am wondering every day how fast he is able to learn. Seems like a big bunch of knowledge which is now connected together in school.

My wife and our second son changed their workplace :p The tiny one is still in the kindergarden and had to swop due to our movement one year ago. And my wife decided to change her direction a bit more into strategical things.

So there is a lot of unrest in our family, but everything just for increasing the situation. I like it when things change, because there are a lot of details, which can make the difference.

That is it for today. Wishing you a wonderful November and preparation time winter and Christmas times. If you have not heard “Last Christmas”, just feel free to click on “play”. See you next month!