Q2 2021 – £9,716
Some of my older peer to peer (P2P) lending investment income that I thought was lost actually came in this quarter which was a nice surprise. Regular readers will know that I’m not very keen on P2P as I’ve been burned in the past, and would only consider real estate and stocks & shares to be the only two true passive income earners.
Another three blogging years have passed and I’ve been hit with another £300+ bill for maintaining this website; also on the way is the yearly £400 GMC fee that most of my readers will have to pay, and the £300+ road tax too so July is quite a harsh month.
The main event is I’ve moved into a decent sized house with a monthly rent of £1,250 so have finally become a victim of lifestyle inflation, but this is the reason why all of us should have extra sources of income, preferably mostly passive. Similar to the way debt begins to snowball out of control, passive income and compound interest will work for you and snowball you into complete financial control. Especially in a world where we don’t have much control over our next job, an unexpected diagnosis, or loss of a loved one, finance is one of the few things you can actively exert some influence over. This guide was written for the purpose of educating doctors on the basics of personal finance in the UK to overcome this important aspect of life.
All in all another decent quarter with almost a second five figure result but not quite there yet.
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