And just like that, before we knew it, we are done with 10% of the year 2021.
Here is my January’21 investment and Financial standing report. The highlight for this month has been on the crypto side. Bitcoins moved up to $40K. I cashed out when it was around $32,000. Now waiting for a new entry point.
Stocks too have been moving up due to expectations of good earnings and budget.
My FIRE Progress
- I have reached 4.99% of my goals. Still 95.01% left 🙂
- No major spends this month!
- I have a total of Rs.24.95 lakhs as savings. My target for this month was Rs.18.34 lakhs
My Overall Investments Progress
|Final Goal||Rs.5 Crores|
|Total Invested||Rs. 17,78,225|
|Current Value||Rs. 24,95,869|
|Passive Income in Jan’21||Rs.11,103|
|Time left||129 of 144|
New stuff that came up in Jan’21
Here is a summarized list of posts and podcasts that came out last month. Check them out
Articles on FIRE and Personal Finance
- Earning money Hydroponic Gardening at Home
- Passive Income Ideas – 9 Best ways to earn extra money in 2021
- [updated] Make Extra Money By Selling Your Internet: Honeygain App Review
Value of Portfolio
Extra Income earned
|Passive Income Earned||2020 – Total||2021 – Total||Jan’21|
|Dividends & Interests||40,711||1,363||1,338|
Income and Expenses
We saw a lower than usual income for Jan’21. My wife is a freelance designer and her income always depends on the projects she gets.
Jan’21 wasn’t a great month for freelance projects for her.
More work in the pipeline though.
On the passive income front, a total of Rs.11,103 earned as passive income which is about 8% of my overall income.
The income stated is from my full time job and my wife’s part time freelancer job. Her income varies month on month, hence the fluctuations.
I consider the money I pay towards my car loan as an investment, because I get it back with a decent return. Read the article in link to understand.
My focus is currently on increasing the % of Passive Income to overall Income. Plus reaching a savings rate of 80% gradually.
Other investment updates
|All other investments||Total Invested||as of 2020||Jan’21|
This is only a summary of my investment statements. I share a more detailed email to those who subscribe to the Little Saves Newsletter. Join for free to get one email a month that outlines my full FIRE journey.
Rewards and Cashbacks
Cashbacks, Rewards and Points – Redeemed
- Our expenses have been low due to COVID crisis. Hence in the realm of cashbacks and rewards too is seeing little action
|Cashbacks & Points Redeemed||2020 Total||2021 Total||Jan’21|
|American Express Points||16,000||0||0|
|All other Credit Cards||17,927||3,461||3,461|
|Flipkart Supercoins & Vouchers||7,642||0||0|
|Other points programs||287||0||0|
|Amazon Pay Card+Cashbacks||9,735||934||934|
Cashbacks, Loyalty Points and rewards – Balance
|Cashbacks & Points Balance||As of 2020||As of 2021||Jan’21|
|American Express Points||5,935||859||6,794|
|Flipkart Supercoins & Vouchers||1,207||0||1,207|
|Hotels & Stay points||2,593||0||2,593|
|Other points programs||2,200||0||2,200|