December 2019 Report and End of Year Round-Up

But time is lost , which never will renew 

2019 has all but gone. Years pass and go all the time, but there is something about the turning of a new year that allows reflection and contemplation. In my previous post ‘Rudolph, Overthrower of Titans’, we discussed that the new replacing the old is a core idea that goes back as far as time itself, even back to the idea of Zeus overthrowing Cronus for rule of Olympus.

Now the new year is almost here, this could be seen as time for reflection. There is some credit in this (as long as it doesn’t become rumination) but this has to be coupled with the acceptance that this time has gone and cannot be retrieved. In my eyes this period of time is better used in deciding to move with purpose into the new year. The very fact that you are reading an early retirement lifestyle blog means that you at least want to start making a change in your life. A new year is typically a time to set goals, but there are so many more goals to aim for than the long game of financial independence. I’ll be thinking of some in the coming months.

I hope you all had a restful break, with plenty of quality time spent with the people you love. The winter break was busy for me, with lots of travelling and seeing loved ones.

Onto the December and end of year report!

Side Income

As most are probably aware, I’m currently using matched betting as a way to bring in some extra side income. If you haven’t yet tried matched betting, take a look at my article ‘14 Months of Matched Betting‘ to see if it might be for you. I use Profit Accumulator* to help find offers and I also make use of their tools quite regularly.

I made £311 in December – on reflection I am happy with this, considering I stopped for the last week or two. It was initially a lot higher but a particular casino offer dragged it down. The total was comprised of £221 from casino offers and £137 from sports offers.

Yearly Review

In total the matched betting profits reached £9,267 for the year. This is short of my £10k target, but my indifference to not hitting this target has never been greater. I’m pleased with the progress this year and fate permitting I will come back just as strong in 2020.

Matched Betting Profits 2019 – Sports & Casino (Top), Casino Profits and Expected Value vs Number of Offers Completed (Bottom)
Blog Launch

I started this blog in the Autumn of this year, as a way of chronicling my progress. This was a big step forward from an idea that started many years ago. I’ve followed many blogs in my life and as far as I can remember I’ve always wanted to start one. Maybe it’s because I’m naturally reserved, I enjoyed writing and I wanted a voice.

I only really started reading personal finance blogs about 12 years ago. This started with the blog ‘The Richest Man in Atherstone’ by Arkad. His concept was to double his way to riches. I’m not sure whether Arkad ever made it to be the richest man (this blog is no longer live), but it certainly influenced me. At this point I was in my mid-twenties, but I hadn’t really converted.

For some reason the message didn’t really sink in until I came across the blogs of the usual suspects in the FI/RE space around mid 2015, and thereafter I subscribed to the doctrine immediately.

Even for the awakened, there is normally a long period of time to wait for complete financial freedom. There will be many contortions in the path, some of which will create more joy than you can imagine and some of which may appear to blacken the view entirely. In this blog I can combine the two areas of thought which I enjoy the most: philosophy and personal finance.

Ancient thought can lend a lot more to modern day life than most people acknowledge. My aim for the upcoming year is to expose some of these ideas and how they apply to those who are on the path to seeking a better life.

Let Me Know Your Thoughts!

This blog is in it’s infancy, and I’d love to hear your thoughts. Please use the comments form below to give feedback, or let me know how your year has been.

* Affiliate link

4 thoughts on “December 2019 Report and End of Year Round-Up”

  1. Happy New Year! Well done on achieving your target and also 25% of your target fund. Yes, you were helped by the buoyant market but all of us in this investing lark need an element of luck, as we will inevitably ride the losses too!

    A great year of matched betting (my measly profits pale in comparison) and may the odds be in your favour for 2020!

    1. Thanks for the comment Weenie, great to hear from you! I’m not sure I’m going to keep the same matched betting target this year as the offers generally seem to be getting worse. Although I might try adapting to doing EW as well. Good luck to you for 2020!

  2. Hi Ad Otium,

    Happy New Year.

    Congrats on the blog and success on it. You are right, time past is like the water in the river. I’ll be looking forward for the goals.

    The link for the “14 Months of Matched Betting” is not working for me. Maybe you can have a look at it. Anyway, I found the article into your blog and I’ll have a look at it later. I’m always looking for new ways to have some extra income. Do you know how many hours per month do you spend on it? I may contact you in the future for some extra info on it.

    Here in Odysseus’ household, we had a good 2019. Passive income came as expected, expenses were a little bit wild.

    All the best for you and an even better 2020.

    Cheers!

    1. Hi Odysseus,

      Thanks for taking the time to comment, and thanks for pointing out that the links were broken – it was because I changed the permalink structure recently and forgot to update them in my posts. It should be corrected now!

      For me at least, matched betting has supported my goals quite well so far. Not for anyone with a tendency to gamble though! It’s taken a few years to get to this point, but I feel anyone can do it. If you want more info please feel free to send a message using the contact form (bottom of this page). I spend probably about an hour or two every evening, and treat it with the commitment of a second job. I see you are based in the EU – I’m not sure which country but there are probably still avenues open for matched betting.

      I’m always looking for other ways to boost the side income, and I’m going to make a more concentrated effort in 2020.

      Thanks again for visiting, as mentioned I’ll be following your blog into 2020.

Leave a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.