A while back I started a new segment on my website called: “income report”. I never quite followed up on that, so I would like to take another swing at the issue today.

I will try to be as honest and transparent as possible — realizing the inherent risk and vulnerability this implies.

First of all, let’s have a look at my personal income statement:

Overall, I’m quite satisfied with the way that my passive income stream is developing. I’m definitely getting a decent net profit out at the end of the month which I usually reinvest entirely.

Currently, I’m trying to decrease my expenses again to around $850/month to increase my savings rate and get to financial independence faster.

Let’s go over all of the above rows in a bit more detail:


  • Support: This is the money I get from my parents every month as support for my study program (I’m currently studying law).
  • KfW: This is a student loan I took out that pays me every month (interest rate: 3,84%).
  • BMBF: This is another student loan for advanced degrees, subsidized by the German government (interest rate: 0.51%).
  • Salary: This is my salary from working as a surf instructor on the side.

Passive Income

  • Online Business: I started blogging in March 2020 right when the pandemic hit and it is slowly starting to pay off financially as well.
  • Stocks & Bonds: Currently I don’t hold a lot of stocks or bonds but plan to increase this soon.
  • Real Estate: I have invested in 3 real estate syndication deals with Holdfolio. Payouts are quarterly so I have split them up to come with a monthly total.
  • Crypto: I currently hold and stake Cosmos, Algorand, Cardano, Polkadot, and Tezos. Rewards are between 4–12%.


  • Most of these are self-explanatory. I am currently trying to reduce my expenses in the areas of groceries and shopping.

From these data points I have created a line chart that shows when my passive income streams surpass my expenses (financial independence):

As you can see the yellow line is slowly creeping upward to eventually meet and cross the red one. Can’t wait for that day to come. Additionally, I find it very motivating to look at the two lines inch closer and closer together each month.

That’s it for now. I’ll try to keep updating you on my progress as I go. See ya.