One of my readers asked that what software I use to create my asset allocation treemaps. Unfortunately, I am using my own custom software to track my assets and investments, however the script that builds this particular graph is made by HighCharts. So I decided to make a small script to allow others also to create these graphs easily. It only needs some manual input. I know many use excel so creating input for this script should not be very hard.

Anyway the link to the script is here: https://rawgit.com/ilves/visualisation/master/index.htm

I did not spend much time on it, so there could be some bugs or limitations. If anyone finds one or have some ideas how to improve it or have any questions/problems please let me know!

Happy drawing!

Intro

February has ended and first March is here. It was an entertaining month as about half of the month I was working and another half I spent at Fuerteventura (one of the Canary Islands) mostly kite surfing and a little bit of sightseeing. This trip made little mark to the monthly budget due to traveling and rental expenses. Food and gas is much cheaper there than in Estonia.

I will not write about the trip much more as I am not sure if it would be interesting to my readers. But if anyone is interested you can let me know in the comments and I will decide if to write a separate post or not.

Another great moment was at my employer’s birthday party where I was awarded with one out of the five “Employee of the Year” award. Wonderful month!

By the way spring is almost here and I can not wait when I can ride with my bike again!

Projects

I only did 2 smaller side projects due to only working half of the month. Also, I decided not to post updates about the side projects as they are not so interesting just boring numbers that fluctuate between 1 and 10 max.

Passive Income

Like me and other investors predicted February interest income was slightly worse than in January however, thanks to advertisements income, OmaRaha and EstateGuru I was able to pass the 200€ mark.

When talking about the numbers then the passive income increased by +19.12€ to total of 214.31€. The P2P loan interest income was 145.06€ (+4.75€), advertisement income correspondingly 53.09€ (+11.8€), income from real estate lending sites 11.41€ (+4.68€).

Investments

Like in January I added little more money to OmaRaha and Bondora (an equal amount to both). I also participated in one EstateGuru project and bought Tallinna Kaubamaja stock (that have grown over 7% by few weeks after I bought them, great timing).

Meanwhile, I was on my vacation Crowdestate came out with 2 new projects. I would have invested in the fixed rate project, but I was not near the computer. And about the other project I have not yet investigated it if I would invest in it or not.

I am not sure if I will increase my investments in March as I am already ahead of my investments target per month in this year but let the time be the judge. If I complete few decent side projects, then why not.

See more

Updated Financial Independence report and Savings Rate report

In my 2015 Goals post I mentioned that one of my objectives this year is to start a new project to generate more passive income. I asked if any of my readers has any ideas and want to team up with me. However, I have not received any ideas yet, so I thought that I will make dedicate post as many might not have seen that post.

I can help, especially with IT and development part has I have years of experience with it and made hundreds of smaller projects and tens of larger projects. I also have participated and I am participating in several startups so I have that experience as well.

Although I must warn that I do not like all the ideas out there (due to limited time) and I am quite selective when deciding if I want to proceed with the idea or not. Still don’t hesitate to contact with me using Contact Form or Facebook. Discretion is guaranteed!

Passive Income

In summary January was satisfying as the income increased reasonably (+34.21€) to total of 195.19€. The interest income part was 145.06€ (+65.73€), advertisement income correspondingly 41.29€ (-25.51€), income from real estate lending sites 6.73€ (-8.12€) and income from dividends 2.11€ (+2.11€).

Advertisements income decreased as December is the prime month thanks to Christmas poems searches. Expect 20€ to 30€ from advertisements throughout the year. I also got my first dividends from SPY. This time I was taxed by 30%. Next week I will ask from LHV if I can fill a form to pay 15% of the tax in the future.

Investments

In January I invested first time into Omaraha (mostly due do Bondora incapability dealing with new portfolio manager). Regardless of that I transfered little more money to Bondora but I used most of the money to buy loans from secondary market. My portfolio manager currently only invests into AA, A and B rating loans.

I also participated in 2 real estate investments (1 CorwdEstate and 1 EstateGuru). Bellow you can see my investments allocation. I would like to increase my stock investments this year but the prices seem to little high at the moment but I have not analyzed the situation thoroughly yet. SPY seems interesting option however I do not like USD/EUR exchange rate as I have not studied it’s dynamics yet.

See more

Updated Financial Independence report and Savings Rate report

Almost everyone in the pursuit of financial freedom is saying that you have to have short and long term goals, you have to follow them and track your progress, that is the key to success in achieving all of your financial goals.

Here you can find my financial goals for the year 2015. I consider them short term goals. I try to formulate my goals such that they can be measured and tracked if possible.

1. Passive income % of expenses

You can read about it on the Financial Independence section. I consider this the most important measure on the financial freedom journey. In 2014 the rolling average of the passive income % of expenses was 4.74% and the goal for 2015 is to achieve at least: 20% (read more from comments) 15.0%.

2. Expenses

Last year my expenses increased by 44.18%. This year goal is to keep my expenses at least 10% lower than last year. This should be doable as last year I had many new home purchase related expenses that are not relevant anymore this year.

3. Savings rate

You can read more about the savings rate on the Savings Rate page. Last year my rolling average 2014 savings rate was 44.2% but this year goal is to have at least 55%. This should be doable if I can manage my previous 2 goals.

4. Investments

This year goal is to invest at least the same amount of the money as last year. With the emphasize of investing more into dividend stocks if possible and find alternative opportunities to current loan based portfolio to diversify the portfolio. For example Tartu Hoiu-laenu Ühistu seems interesting.

5. Passive income from online

Today I have small niche website (luuletused.ee) that is generating small amount of passive income. The goal for 2015 is to find idea and create some IT and online related project to earn more passive income. If any of you readers have some ideas we can team up and do the project 50:50. I have the technical and development skills and bit marketing skills and connections also.

Here I give brief overview of my 2014 progression in my personal finance.

Net Worth

What is net worth? From Wikipedia: Net worth is the total assets minus total outside liabilities of an individual or a company. Put another way, net worth is what is owned minus what is owed. In business it is often used in the context of fraudulent law and on the dissolution of the company.

• In 2014 assets value increased +178.34% (mainly influenced by new home purchase)
• Net Worth increased +72.13%

Net Worth

Income

• In 2014 total income (salary, passive income, other income) increased by +33.65% (Mostly thank to the fact that In spring I completed by master studies and in few months after that I started working full time, previously I was working 0.5 load)
• My passive income increased by +306.77% (In 2013 I had very little investments)

Passive Income

Expenses

• My total expenses increased by +44.18% (This does not include down payment for our new home). The expenses are higher because in 2013 we had very cheap rental flat that we shared with our friends and due to that our living costs vere low. Also in 2014 we had our vacation in Tenerife.

Investments

• Investments increased by +1161.52%
• The ROI of all investments was +3.61% at the end of the year. The calculation is made by dividing all asset class net profit by total invested money. This is not by far the best or correct method, however it is fast and gives at least for me a suitable reference point. Mainly because any real estate investments have not gained any income and OEG1T has lost about 8% of it’s value since I bought it.