The Richest Man In London - Wealth, like a tree, grows from a tiny seed.

21/09/2017

Side Hustle Summary – August 17

I’m a side hustle-r. Ask about me.

I appreciate how late this post is but September has been a bit crazy with work (damn side hustles!).

Looking at my monthly income reports it’s clear that it is a slow grind. I’m fine with this as I am playing the long game, but to reach my financial goals as quickly as possible, a turbo boost is required.

That turbo boost is the side hustle…. Vrrrmmmmmm.

What is a side hustle?

Side hustles are incomes made other than the 9-5 and the passive income. Consider it the 3rd shard of the Tri-force (Zelda fans make yourselves known).

Why report it?

Self-motivation
Idea sharing with others
Encourage others to start side-hustling
Accountability

Self explanatory enough for you? great! let’s get stuck in…

Side hustle income for August 2017

August	Amount
Casual catering job	£400.86
Job Finder App*	£8.95
Google Rewards**	£1.14
Cashback (Quidco & Halifax reward card)	£10.30
Flips	£0
Total	£421.25

(*Paid in Amazon vouchers, **paid Google play store credit)

Weirdly, we’ll start with the roundest figure. £0 for flips, I want to develop this area and already have some items on the way to resell. If anyone is strong in this area, be sure to hit me up!

Now, £421.25 is pleasing. It means more money to invest and save and hopefully more money left at the end of the month.

The bulk of the side hustle income is from part-time work. I’ve been lucky enough to work my way up to management positions at various venues across London. I’m passionate about food & drink as well as customer service so it’s a pleasure to make decent money in this area.

The Job Finder app is most rewarding. It literally takes a few seconds to complete a task and the pay off quickly adds up. I’m not mad that the pay comes in Amazon gift vouchers as I use Amazon more than I probably should.

I have previously written about Google Rewards and Quidco so check here if you missed it.

Do you have a good/bad side hustle experience? be bold and share it in the comments section 🙂

I’ll leave you with words of spurring from Gary Vee:

“Leisure is what you give up to have the audacity to build your life”.

15/09/2017

Article Of The Week 3: MoneyGrower

Happy 3rd (week) anniversary of Article Of The Week, the feature dedicated to writers and bloggers better than myself.

Self deprecation aside, MoneyGrower.co.uk is an outstanding investment blog.

in this piece, Share Price Charts Can Be Misleading – GSK And The Power Of Dividends, we learn about the underrated power of reinvesting dividends and not worrying too much about share price growth.

dividend

What I liked most

“You can start to see how buying a couple hundred shares of GlaxoSmithKline and holding it to reinvest for a decade or so can give you a “wow” income stream a decade from now.”

In other words, keep reinvesting! that way, the dividends continuously look after you.

Click below for full article:

Share Price Charts Can Be Misleading – GSK And The Power Of Dividends

11/09/2017

Rick Ross – Hustlin’

10/09/2017

Article Of The Week 2: Dividend Daze

Week 2 of Article Of The Week. I hope everyone checked out the debut article, last week.

This week, Dividend Update – August 2017 by Dividend Daze.

No mystery here, I’m sure you’ve figured out what this article is about!

What I liked most

Dividend Daze beat his own record with 7 different companies paying him in August. Quite the achievement and the future should only get brighter.

There’s also some insightful graphs that help to make sense of the progression.

I love mixing it up with dividend investors on Twitter, they seem to have the most focus and a strong commitment to the long term.

Though, strictly speaking I wouldn’t class myself as a Dividend Investor, 25 of the 29 stocks I hold are dividend payers and I rely heavily on dividends for the majority of my passive income.

I hope you enjoy this article as much as me. Dividend Daze does these monthly so it’s a gift that keeps on giving (like dividends!).

Click the picture below for the full article

You can check my monthly income updates too here.

07/09/201707/09/2017

The History of Consumer Credit

Courtesy of Visual Capitalist and Equifax, an amazing infographic on the history of consumer credit:

06/09/201710/09/2017

Wealth Building & Income Update – August 2017

August was a fun month for me, but let’s see how it was financially with this months Wealth Building & Income Update.

Last months passive income was £11.99. This month there is a small dip to £8.25 (Note to self: try to stay calm).

August	Source	Amount
	Dividend	£2.05
	Bank	£0.00
	RateSetter	£1.03
	Property Partner	£5.17
	Other	£0.00
	Total \| Change	£8.25	-31%

Apple alone provided the dividend for this month. Dividends income should improve for September through to November.

Income from Property Partner is growing steadily if we disregard the one-off promotional payments from last month.

Month	Dividend	Bank	Property Partner	Rate Setter	Other	Total
June	£26.10	£3.00	£3.70	£0.90	£0.00	£33.70
July	£2.09	£0.00	£8.88	£1.02	£0.00	£11.99
August	£2.05	£0.00	£5.17	£1.03	£0.00	£8.25
Total	£30.24	£3.00	£17.75	£2.95	£0.00	£53.94

Fingers crossed September brings an increase.

In terms of the overall portfolio, Crypto surged since last month and stock decreased slightly.

Portfolio Tracker – 1/9/17
Month	Stock	Ratesetter	PropertyPartner	Seedrs	Crowdcube	Crypto-coins	WiseAlpha	Other	Total
July	£9,895.62	£354.31	£1,790.72	£93.26	£330.00	£372.93	£301.48	£0.00	£13,138.32
August	£9,705.19	£355.38	£2,056.24	£108.85	£360.00	£646.42	£303.26	£0.00	£13,535.34

Nothing too exciting. Just need to keep buying and keep reinvesting income. Roughly £360 was used to add to the portfolio in August, I’d be happy to keep this up but I’m sure life will get in the way of that!

Thanks for reading.

05/09/201705/09/2017

Free Business & Skills Events This September

Hello all,

There are quite a few events that I am either attending or planning to attend this month so I thought I would put them all in 1 place for everyone to see.

All events take place either online or in London.

Hope to see some of you where possible!

5^thSeptember
Seedrs Bitesize Pitches (Hurry it’s today!)

“Seedrs invites you to a fast-paced pitching event featuring ambitious businesses currently raising on Seedrs.”

Click here for more information and to register for event. You will also need to register with Seedrs by clicking here.

6^thSeptember
Property Partner – Purpose-Built Student Accommodation (online webinar)

“An interactive session where you’ll learn more about why Purpose-Built Student Accommodation is amongst the most desirable asset classes.”

Click here for more information and to register for event.

13^thSeptember
Start Up Braga @ Seedrs HQ

“In this interactive session Ian Falconer, Founder/CEO of Fishy Filaments Ltd will describe the company, its background and aims.”

Click here for more information and to register for event.

28^thSeptember
Jobbio HIGHER

“Jobbio HIGHER is a careers event like no other. Connect with the UK’s leading tech companies, network with your peers, and get inspired by industry thought leaders.”

Click here for more information and to register for event.

Know someone who might be interested in the above events? Please share this post with them!

04/09/201704/09/2017

Spandau Ballet – Gold

03/09/201710/09/2017

Article Of The Week: Of Dollars And Data

As a potentially up and coming blogger, I like to look at those that are better than me.

This new feature will look at articles or posts that I’ve enjoyed from different blogs from the world of personal finance and investing.

This week, Falling Fast and Rising Slow by Of Dollars and Data.

A great article about how stock prices slump quickly and ascend sluggishly. Well worth reading!

Click the picture below for the article

30/08/201722/09/2017

Prepare For Fee Free Trading With Freetrade…

…was everyone able to easily read the title? it’s not meant to be a tongue twister but I can edit it if it’s too much of a struggle.

In any case, I want to take some time out to look at Freetrade, a mobile-only stock trading app that allows users to trade for free, no fees & no commission! the rollout begins late this year.

I invested in Freetrade via Crowdcube where they smashed their funding target and raised 360% of the expected amount earlier this year.

The crowd-raise went so well that they are becoming directly authorised stockbrokers which will see additional benefits.

Check out some of the features below:

It should come as no surprise that Freetrade is in the top ten biggest crowd raises this year. Its super-cool to talk about disruption right now but Freetrade are actually ‘about that life’.

The above features speak for themselves but the most important selling point is the free trades.

Right now, the standard cost per trade I pay is £12.50. If I wanted to buy £200 worth of HSBC shares, the fee would be worth 6.25% of the investment. Too high.

There are cheaper options out there but what beats f r e e ?

I am also excited by the possibilities created by fractional shares on the platform. Some companies like Tesla and Amazon are lovely to own but so damn expensive! Freetrade means I will be able to afford to add them to my portfolio.

One point that might be more important than my portfolio gains, is getting more people involved in the stock market who were previously scared off by high fees or perceived complexity.

I know people who will argue for hours about who makes the best smartphones but won’t touch the stock market to buy into Apple or Samsung, for example. Soon they could be buying shares on those same smartphones.

I have high hopes for Freetrade and I’m sure that a lot of expensive stockbrokers are worried right now.

If you missed the previous funding round, unlucky… but you can still register your interest for potential future rounds by checking out Freetrade’s pitch on Crowdcube. Whilst you’re at it, do me a favor and register for early access to the app. There’s no financial incentive but I do get bumped up the queue by referring others (you can too by registering and sharing your own link).

Want a final way to get involved? apply for one of their current vacancies, just get me to the front of the queue once you’re hired 🙂

Disclaimer