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- May 20, 2021
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Please feel free to share with the community your earnings during 2023 for others to benefit, get ideas and a sense of what can be achieved. Thanks. As for myself, my 2023 Journey is summarised in this thread. Hope you find it useful.
cash4nothing.com
2023 is in the past now. Hard to believe how fast time goes by. It feels like yesterday but I set out one year ago with a realistic objective of making £1,500 from Free Money streams in 2023 using past performances as a baseline. I am happy to report that I actually gathered £1,922 to which I can add an additional £285 gains from having invested the Free Cash Fund in a diversified basket of ISAs (see post How to Invest the Free Cash Fund to target a 5% growth).
So, how did I do it?
Numbers do not lie. I owe more than half my earnings to a single contributor and that is Cashback Rewards as clearly shown by the tally chart. A less skewed distribution would have been ideal but that is how things panned out this year round. I was not expecting such a phenomenal performance in one area and a rather disappointing one in another (Decluttering Sales).
This is the first time in a long string of years that I have not sold at least £500 in a single year from my pool of pre-loved personal items. Not only that, I only managed 17 items for a net profit of £190 or £11 average per item (assuming that I manage to list and pack 4 items per hour, my hourly rate would be valued at £44).
On the bright side, I delivered on or above target in all other streams resulting in £422 more Free Money that initially planned (28% more to be accurate). Still a reason to remain upbeat.
Free Money on top of Free Money bringing the actual figure to £2,207 in 2023.
At this moment in time, I have made a total of £7,052 in Free Money since January 2021. By placing this money in ISA accounts, it has generated an additional £486 from capital gains, or a 6.9% Yield which is 1,9% more than my self-imposed 5% target. That is the reason why I keep two separate trackers: one purely for Free Money Earnings, and another one for a valuation of the Free Cash Fund. Please feel free to visit for regular updates.
I am extremely pleased with the run I have had so far. More importantly, If I am able to replicate the same performance in 2024 in terms of Free Money Earnings and Yield, then £10,000 is not that far fetched of a goal in the short term as per earnings projection shown bellow.
Game is very much on. Are you happy to tag along and find out what 2024 brings about?
I made £1,922 Free Money in 2023 + £285 Fund Gains - Cash 4 Nothing
2023 is in the past now. Hard to believe how fast time goes by. It feels like yesterday but I set out one year ago with a realistic objective of making £1,500 from Free...
cash4nothing.com
2023 is in the past now. Hard to believe how fast time goes by. It feels like yesterday but I set out one year ago with a realistic objective of making £1,500 from Free Money streams in 2023 using past performances as a baseline. I am happy to report that I actually gathered £1,922 to which I can add an additional £285 gains from having invested the Free Cash Fund in a diversified basket of ISAs (see post How to Invest the Free Cash Fund to target a 5% growth).
So, how did I do it?
Earnings vs Objectives
| Source | Objective | Actual | Difference |
| Bank Rewards | £250 | £269 | +£19 |
| Interest on Savings | £200 | £276 | +£76 |
| Decluttering Sales | £500 | £190 | -£310 |
| Cashback | £350 | £987 | +£637 |
| Promotions | £200 | £200 | -£ |
| Total | £1,500 | £1,922 | +£422 |
| Source | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total |
| Bank Rewards | £28 | £21 | £21 | £24 | £25 | £25 | £30 | £23 | £18 | £18 | £18 | £18 | £269 |
| Interest on Savings | £21 | £19 | £22 | £22 | £23 | £26 | £25 | £23 | £27 | £27 | £25 | £15 | £276 |
| Decluttering Sales | £48 | £43 | £21 | £23 | £26 | £19 | £10 | £190 | |||||
| Cashback | £27 | £2 | £103 | £250 | £142 | £85 | £22 | £350 | £6 | £987 | |||
| Promotions | £125 | £75 | £200 | ||||||||||
| Total | £124 | £42 | £146 | £464 | £211 | £159 | £77 | £396 | £71 | £120 | £62 | £50 | £1,922 |
| Free Money Income Stream | Contribution | % Weight |
| Bank Rewards | £269 | 14% |
| Interest on Savings | £276 | 14% |
| Decluttering Sales | £190 | 10% |
| Cashback | £987 | 51% |
| Promotions | £200 | 11% |
| Total | £1,922 | 100% |
Numbers do not lie. I owe more than half my earnings to a single contributor and that is Cashback Rewards as clearly shown by the tally chart. A less skewed distribution would have been ideal but that is how things panned out this year round. I was not expecting such a phenomenal performance in one area and a rather disappointing one in another (Decluttering Sales).
This is the first time in a long string of years that I have not sold at least £500 in a single year from my pool of pre-loved personal items. Not only that, I only managed 17 items for a net profit of £190 or £11 average per item (assuming that I manage to list and pack 4 items per hour, my hourly rate would be valued at £44).
On the bright side, I delivered on or above target in all other streams resulting in £422 more Free Money that initially planned (28% more to be accurate). Still a reason to remain upbeat.
Monthly Earnings
As for the monthly earnings distribution, not quite a smooth ride anywhere close to an expected average target of £125. Five green months and seven on the red. Not particularly bothered as long as the end result is within expectations.| Earnings Report | Free Money Earnings | Accumulative |
| January 2023 | £124 | £124 |
| February 2023 | £42 | £166 |
| March 2023 | £146 | £312 |
| April 2023 | £464 | £776 |
| May 2023 | £211 | £987 |
| June 2023 | £159 | £1,146 |
| July 2023 | £77 | £1,223 |
| August 2023 | £396 | £1,619 |
| September 2023 | £71 | £1,690 |
| October 2023 | £120 | £1,810 |
| November 2023 | £62 | £1,872 |
| December 2023 | £50 | £1,922 |
£285 Free Cash Fund Gains
My Free Money Earnings do not remain just parked loosing purchasing power due to inflation. They are all invested in a portfolio of different types of ISA accounts for them to generate additional tax-free profits.
| Source | Gain | % Weight |
| IFISA | £179 | 63% |
| Cash ISA | £54 | 19% |
| Stocks & Shares ISA | £52 | 18% |
| Total | £285 | 100% |
Free Money on top of Free Money bringing the actual figure to £2,207 in 2023.
£7,538 in the Free Cash Fund
At this moment in time, I have made a total of £7,052 in Free Money since January 2021. By placing this money in ISA accounts, it has generated an additional £486 from capital gains, or a 6.9% Yield which is 1,9% more than my self-imposed 5% target. That is the reason why I keep two separate trackers: one purely for Free Money Earnings, and another one for a valuation of the Free Cash Fund. Please feel free to visit for regular updates.
On the right track to £10,000 in the short term
How did this money came to be? Lets have a look at the numbers since the records began in January 2021.| Year | Free Money Earnings | Accumulative | Free Cash Fund Value | Gains | % Yield |
| 2021 | £3,229 | £3,229 | £3,406 | £177 | 5.2% |
| 2022 | £1,901 | £5,130 | £5,331 | £201 | 3.9% |
| 2023 | £1,922 | £7,052 | £7,538 | £486 | 6.9% |
I am extremely pleased with the run I have had so far. More importantly, If I am able to replicate the same performance in 2024 in terms of Free Money Earnings and Yield, then £10,000 is not that far fetched of a goal in the short term as per earnings projection shown bellow.
Game is very much on. Are you happy to tag along and find out what 2024 brings about?
