20 April, 2022 seen 40A few years ago I made a broader goal of achieving 1 million dollars in my savings account by the time before I will…
Around 9 months ago I started Online Income Reports series, sharing income I have made solely on internet, by using my blog and sometimes some other websites (I have built by myself).
For now - there are two income sources that gives me some money - Google AdSense and affiliate marketing. With second making it's lions share (around 90-95%).
As well I'm living in fast developing economy of Georgia. Prices in Georgia are pretty low, and a person with $400 income monthly, can live here pretty good. Not to mention that average salary here is (was in 2012) around $413, while minimum wage is $51 (2014).
Since I'm living here, working here and really enjoying both living and working here - I decided to start some kind of savings exactly in Georgia.
- Now, first step was to open a bank account in Georgia.
- Second step was to open a savings account in Georgia.
- Third and most important step was to act.
So after fulfilling all of these above mentioned requirements I did deposited my first amount of money on savings account.
I did it on September 29th, 2014 (this is for history)
Starting deposit money was 300 GEL, what equals to around $170 or EUR 131
I made a table, to follow up my savings
|Date||Deposit (GEL)||Annual rate||Monthly rate||Actual rate||USD Buy||USD SELL||USD||EUR Buy||EUR SELL||EUR|
My savings table
Do I have any goals with my savings? Well, kind of... for next 6 months I'm looking to save some 300 GEL ($170) per month. Then... I don't know. Either I'm going to re-capitalize my saved money in other, probably higher risk deals.. or..
So, for my first savings report that's all, I will add a next post after depositing next amount of money.