In July I’ve earned 84,15€ and increased my positions in $T (AT&T). I am planning to invest more in $IRM (Iron Mountain) and maybe again in $T. I am saving some money so I can increase my positions on those stocks. After the July dividend income, I’ve already crossed my income from 2019 which feels like a big success. You can see the full Financial Report July 2020 below.
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 2 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.
- In January 2020 I’ve invested my first money in 2 real estate crowdfunding platforms.
- In July 2020 I’ve earned 506 € in dividends. This is already more than in the full year of 2019.
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
In July my savings & investment rate was 35%. My current average for 2020 is 40%.
Invested € in July 2020
This month I have invested 1143€.
993€ into my dividend portfolio and 150€ 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, $CSCO, $WFC, $JPM
I’ve started new positions on the following stocks:
Check out my stock portfolio.
Dividend Income in July 2020
In July 2020 I have received 9 payments and my dividend income resulted in 84,15 €. That money was directly invested in new shares.
The companies who paid dividends this month:
Realty Inc = 7,09 €
Altria = 7,36 €
Stag Industrial = 4,77 €
Coca Cola = 6,90 €
Simon Property Group = 22,21 €
Iron Mountain = 10,17 €
Philip Morris = 11,76 €
Cisco = 5,60 €
Dividend Income in 2020
My dividend income this year is at 506,90 €. In 2018 my dividend income was 48 €. A lot can change within 2 years.
Highest Expenses by Category
I am tracking my every expense every day since about 1,5 years 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 July I spent the most of my money on the following categories (sorted by most spent)
- Investment: 27%
- Rent: 24%
- Groceries: 9%
- Savings: 6%
- Dining out, ordering food: 6%
In July 2020 I spent the most of my money for new investments – same situation as in March, April, May and June. With COVID-19 my expenses for groceries went up, while dining out and ordering food went down. Dining out and ordering food, is where I spent the most of my expenses in 2019. One of my goals in 2020 is to reduce my spendings on that category to 2000€ per year.
Join my weekly E-Mail Report “Wisdom Wednesday”
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
Latest posts by Mr. Financial Freedom (see all)
- My First Experience With Options Trading - October 29, 2020
- The One and Only Way To Find Your Bad Spending Habits - August 31, 2020
- Financial Report July 2020 - August 9, 2020
- Financial Report June 2020 - July 6, 2020
- Financial Report May 2020 - June 1, 2020