Portfolio Update – August 2019 – Let your money work for you
This post is written far too late, in my own opinion, and I would have expected it to be posted about two weeks ago. But, I am sure you are familiar with the concept of daily life and its habit to sometimes get in the way. With this portfolio, I am working on my journey towards financial freedom, but I am not at my goal yet, and my work is, albeit it very interesting, also demanding.
Unless I have already written about it in the past, I work at a Nordic bank with syndicated loans, for which the short explanation is "so big loans to corporates and companies, that you need multiple banks to finance them". Basically, when you have two or more lenders to one borrower (with loans most commonly starting at €100 million and upwards), I am working with representing the group of lenders as their joint voice towards the borrower. Maybe it is more exciting in real life than it sounds, but it keep me happy.
Speaking of work, that is also what I wanted to discuss today before going into the monthly update. Today, most people work for money, and that is why they are not rich. Instead, you should make your money work for you by investing it. That way, your money will bring you more money, and you are on your way towards financial freedom. I think that this may be a quote from Robert Kiyosaki (my memory fails me this minute of writing). Regardless, I am sure you were already aware of that concept as you are interested in investing (I'd assume that is why you are here on my blog).