Property Partner Review & How My Monthly Income Rose By Over 12,000% In A Year!

property partner

A review of Property Partner is long overdue for this blog. It’s finally here and the whole world is overjoyed, I’m sure.

Property Partner is a UK-based property crowdfunding platform which specialises in residential property. Backing the business is Index Ventures, Seedcamp & Octopus Investments

The idea is to allow investors to gain from the buy-to-let market with less hassle and less risk than buying directly.

Continue reading “Property Partner Review & How My Monthly Income Rose By Over 12,000% In A Year!”

Side Hustle Summary – December 17

side hustle summary

The festive season was awfully hectic and I’m sure I set new records for the amount of food and drink I got through.

However, I still managed to hustle on the side to bring in extra income so I can make extra investments.

Let’s see if all those mince pies slowed the side hustle down.

Side Hustle Summary for December 17

December

Amount

Casual catering job

£1,037.03

Job Spotter App*

£2.47

Google rewards**

£2.11

Cashback (Quidco & Halifax reward card)

£15.72

Sales***

£10.00

Task360

£0.00

Total

£1067.33

(*Paid in Amazon vouchers, **paid in Google Play store credit, ***Profit of sale only)

Grand total = £1,067.33

Yay – I broke the 1k mark!

It’s a warm feeling to reach this milestone in just a few months of starting these summaries. It feels even better that it was achieved in December, the month that’s meant to be for extra spending, not extra earning!

lets delve a little deeper to see how this was done:

Work, work, work

My part-time job as a catering manager at sporting event venues brang in most of the income in December. The casual nature of the contract means that I can work when I chose to work. If I don’t wish to work… then you already know what will happen.

It can swing both ways, If management decide that they don’t need me then they don’t have to offer me work. But I have built my reputation in this sector for over 10 years now so I am often called upon.

Another benefit of working on a casual contract is that I get holiday pay, instead of annual leave. Some of this holiday pay was cashed in for December which helped to boost my total for December.

My 1st sale!

Another milestone; I sold my Nintendo Classic Mini Super NES.

To be honest, I shouldn’t be bragging. As you can see I made  only £10 profit (bought for £70 and sold for £80).

As I found out extra stock was coming for Mini SNES’, I went for the quick sell to a friend.

Hopefully this is just the start of a long, prosperous side hustle.

side hustle

Elsewhere, I struggled to get anything from Task360 and I got waaay less than I normally get for the Job Spotter app. I’ll blame the cold weather and busy schedule for now.

Decembers result has me overly excited for the side hustle in 2018. I’m sure most months won’t be this successful but it’s definitely something to aim towards.

Please let me know of any easy side hustles I should be doing this year. All suggestions welcome!

Let me know how your side hustles went in 2017 either in the comment section below or on Twitter (@RichestManInLDN).

Until next time, happy hustling!

Looking Back At Dividends In 2017

dividends

2017 was the first year where I received at least 1 dividend payment in every month. Thrilling.

The dividends I receive have 1 purpose: to help buy more stock (most of which will be dividend payers).

I have the deepest love of receiving dividend payments. I can’t put it any better than Money Grower:

“Unlike my job where I am paid by the hour, the dividends I receive are not linked to my time or effort. By having an ownership stake in the biggest companies in the world, I am reaping the rewards of other peoples hard work. Other peoples time and effort is making me money.” Amen.

My goal is to make £300 from dividends in 2018. I already have 4 new dividend payers (National Grid, Daily Mail General Trust, SSE, GlaxoKlineSmith) in my portfolio which I didn’t have in 2017 and I also plan to buy shares in a few more dividend payers.

On top of that, most of my 2017 dividend payers are increasing their payouts this year. I’m more than ready for dividend growth in 2018.

My full breakdown of dividends in 2017 is below (Sorry about the stock codes, blame my online broker as I copied the data from them!)

Dividends in 2017

Pay date

Stock

Ex-date

Shares

Dividend

13-Jan-17

WALT DISNEY CO. COM DISNEY USD0.01

08-Dec-16

5

£2.24

06-Feb-17

BT GROUP ORD GBP0.05

29-Dec-16

213

£10.33

17-Feb-17

APPLE INC COM NPV

09-Feb-17

6

£1.92

17-Mar-17

EASYJET ORD GBP0.27285714

23-Feb-17

64

£34.43

31-Mar-17

BP ORD USD0.25

16-Feb-17

205

£16.73

06-Apr-17

DIAGEO ORD GBP0.28 101/108

23-Feb-17

21

£4.98

02-May-17

RIT CAP PARTNERS ORD GBP1

06-Apr-17

8

£1.28

16-May-17

LLOYDS BANKING GP ORD GBP0.1

06-Apr-17

1472

£32.38

24-May-17

APPLE INC COM NPV

11-May-17

6

£2.03

07-Jun-17

UNILEVER PLC ORD GBP0.031111

04-May-17

6

£1.81

23-Jun-17

BP ORD USD0.25

11-May-17

205

£15.90

29-Jun-17

MORRISON W SUPRMKT ORD GBP0.10

25-May-17

218

£8.39

28-Jul-17

WALT DISNEY CO. COM DISNEY USD0.01

06-Jul-17

5

£2.09

22-Aug-17

APPLE INC COM NPV

10-Aug-17

6

£2.05

04-Sep-17

BT GROUP ORD GBP0.05

10-Aug-17

310

£32.71

06-Sep-17

UNILEVER PLC ORD GBP0.031111

03-Aug-17

6

£1.91

21-Sep-17

LEGALANDGENERAL GP ORD GBP0.025

17-Aug-17

47

£2.02

22-Sep-17

BP ORD USD0.25

10-Aug-17

205

£15.62

27-Sep-17

LLOYDS BANKING GP ORD GBP0.1

10-Aug-17

1472

£14.72

05-Oct-17

DIAGEO ORD GBP0.28 101/108

10-Aug-17

21

£8.09

31-Oct-17

RIT CAP PARTNERS ORD GBP1

05-Oct-17

18

£2.88

06-Nov-17

MORRISON(W)SUPRMKT ORD GBP0.10

28-Sep-17

218

£3.62

07-Nov-17

APPLE INC COM NPV

10-Nov-17

6

£2.43

13-Dec-17

UNILEVER PLC ORD GBP0.031111

02-Nov-17

6

£1.92

21-Dec-17

BP ORD USD0.25

09-Nov-17

205

£15.26

Total

£237.74

How was 2017 for you in terms of dividends? How much growth are you expecting in 2018?

Let me know in the comments below!

Wealth Building & Income Update – December 2017

passive income

It’s 2018!

What better way to start the year than to recap passive income and portfolio growth for December?

There is no better way, this is the only way. Let’s go!

Passive income for December

Source

Amount

Dividend

£17.18

Bank

£162.86

Property Partner

£6.90

Rate Setter

£1.56

Wise Alpha

£1.99

Grand Total

£190.49 (£30.63)

Dividends streamed in from Unilever (£1.92) and BP (£15.26).

Disclaimer time: the income from the bank category includes £159.86 of interest (the remaining £3 is the monthly reward account bonus). This £159.86 is not used for further investment and is not included in my portfolio below.

However, it is still passive income which was earned and I treat it the same way I treat the other passive income sources – it goes back to work to yield more income. If the inclusion of savings interest does trouble you, the amount excluded the interest is in brackets *insert smiley face*.

I’m gleeful with the £6.90 from Property Partner, I recently wrote about my goal to reach the £10 a month mark on this investment.

Wise Alpha came through with another interest payment in December. I like that.

Portfolio Tracker

Month

Stock

P2P Lending**

Property Partner

ECF*

Crypto

Wise Alpha

Total

MoM increase

Asset purchases

Saved in month

July

£9,895.62

£354.31

£1,790.72

£423.26

£372.93

£301.48

£13,138.32

n/a

£320.00

Aug

£9,705.19

£355.38

£2,056.24

£468.85

£646.42

£303.26

£13,535.34

3.0%

£469.79

£325.00

Sept

£9,824.55

£366.27

£2,234.89

£535.92

£670.45

£405.30

£14,037.38

3.7%

£480.66

£320.00

Oct

£10,205.37

£402.50

£2,295.37

£556.47

£867.43

£407.76

£14,734.90

4.9%

£111.75

£320.00

Nov

£10,587.99

£453.54

£2,301.46

£567.67

£1,328.68

£409.87

£15,649.21

5.9%

£620.00

£585.00

Dec

£10,880.69

£455.56

£2,500.04

£569.00

£3,335.36

£512.52

£18,253.17

16.4%

£1,085.64

£570.00

Total

£2,767.84

£2,440.00

*Seedrs & Crowdcube
**Rate Setter & Assetz Capital

By my standards, an amazing month of growth! 16.4% growth is the Christmas present I didn’t expect.

Again, crypto powered the portfolio forward. I spent a lot diversifying into coins not called bitcoin and luckily nearly all of them went up.

For more on bitcoin, check out this thoughtful piece.

Meanwhile, on Wise Alpha, I bought £100 of this bond to beef up my fixed income. The current yield is 9.5% and the estimated yield to maturity is 8.7% (this income will not be for vegans).

All in all, I’m grateful for all the income and growth I’ve experienced in 2017. Most of all, I’m grateful to you – for reading my blog.

Heres hoping for maximum prosperity and happiness to you in 2018!

Side Hustle Summary – November 17

side hustle summary

Here we are again! another Side Hustle Summary.

As far as I’m concerned, the more I hustle, the more I can invest & build my portfolio!

In October, being away for 2 weeks affected the side hustle. Let’s see how November went without any downtime.

Side Hustle Summary for November 17

November

Amount

Casual catering job

£935.08

Job Spotter App*

£17.89

Google rewards**

£0.76

Cashback (Quidco)

£5.72

Task360

£6.00

Total

£965.45

(*Paid in Amazon vouchers, **Paid in Google Play store credit)

Grand total = £965.45

So, all in all, a very pleasing month. Nearly doubling October’s effort! I hope to make it past the 1k mark sometime soon.

Made money with Task360 again by doing a vape shop audit – such easy money. I recommend that everyone tries this app.

This is probably the last post before the 25th so I’d like to wish everyone a fantastic Christmas and festive season. Please go easy on the holiday hustle!

side hustle

Until next time, happy hustling!