2019 was an interesting year for me financially. When I started to invest in the middle of 2018, the return felt so small and not worth it. It is really nice to see what can change within one year. In 2018 I’ve earned 48 Euro from dividends. This year my dividend earnings were 440 Euro. I am curious to see what my earnings will look like at the end of 2020. Below you will find my financial report for December 2019.
I’ve started to learn more about saving and investing in the beginning of 2018. I am proud what I have achieved in the past 1,5 years:
- I am debt free.
- Since the beginning of 2019 I’ve increased my savings rate to have a small emergency fund
- I’ve increased my savings and investment rate to 34%.
- I’ve started my dividend portfolio in 2018 and increased my dividend income YoY.
Of course these are the basic and mandatory steps towards financial freedom, but I am proud where I am so far.
I want to share with you my monthly financial reports to follow my journey to early retirement.
Savings & Investment Rate
In the beginning of 2018 I just saved a little amount per month without having a real sense behind. I just saved, because I was supposed to save.
Reading the book “I Teach You To Be Rich” from Ramit Sethi changed my money mindset and I started to invest and created my own money flow.
You can find my Mr. Financial Freedom Automatic Money Flow in following post: Financial Freedom In Germany – How To Start Your Journey
My current savings & investment rate is 34 %.
Invested € in December 2019
This month I have invested 1200 € into my dividend portfolio and 100 € into my ETF portfolio.
I’ve increased my positions on the following stocks:
$AAPL, $T, $DIS, $MO, $KO, $PG, $VZ, $CVS, $IBM, $JNJ, $MSFT, $MMM, $PM.
In addition I’ve added $CSCO to my portfolio.
Check out my stock portfolio.
Dividend Income in December 2019
In December 2019 I have received 9 payments and my dividend income resulted in 41,95 €. Early this year my initial goal was to achieve 10 payments per month. Even I did not finally make it till the end of 2019, I am confident that I will achieve this goal hopefully by the beginning of February 2020.
The companies who paid dividends this month:
Gladstone= 6,16 €
Realty Inc = 5,87 €
Coca Cola = 2,41 €
IBM = 5,70 €
Johnson & Johnson = 2,12 €
Stag Industrial = 5,52 €
Microsoft = 0,89 €
Walgreens = 5,52 €
3M = 8,06 €
Dividend Income in 2019
My dividend income this year finished with 440 €. In 2018 my dividend income was 48 €.
I am happy what can change within 1 year.
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Portfolio Performance
My depot has a current performance of +2.672 €.
Highest Expenses by Category
I am tracking my every expense every day since about 1 year now. I’ve started this private project when I read the book “Your Money or Your Life” from Vicki Robin.
It helps me to get an idea, where I spent most of my money. I am using the app “Money Manager” on my phone. There is no need to create an account and it is very easy to use.
In December I spent the most of my money on the following 8 categories (sorted by most spent)
- Vacation: 25,0%
- Rent: 20,0%
- Investment: 11,7 %
- Dining out, ordering food: 8,4%
- Work related: 9 %
- Non-Work related: 61%
- Ordering food: 29%
- Gifts for Christmas: 7%
- Savings: 7%
- Groceries: 4 %
- Car: 3%
(Numbers based on 100% of expenses)
At the moment I do not consider Rent, Investment and Savings for my expense report since those numbers are not so dynamically at the moment as the other categories.
In December 2019 I spent the most of my money for our vacation, which we took over New Years Eve to the US. In addition “Dining out, ordering food” and “Gift for Christmas” are also in the top positions. Since vacation and gifts for Christmas are only a one time thing, it comes back like in November. Dining out and ordering food, is where I spent the most of my money. One of my goals in 2020 is to reduce my spendings on that category.
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During the week I am reading different articles and listening to podcast. In my weekly e-mail report “Wisdom Wednesday” I am going to send an email every Wednesday to you with all interesting articles or tools I found during the last week. I am sharing / advertising the article of other bloggers. In that way I can make sure that everyone is getting the best resources available on the Internet.
Mr. Financial Freedom
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