How I Earn And Spend My Money – June 2011 Finance Report
*** Explanatory bit for new readers / skip this if you know the dealio ***
I quit my 9-to-5 job back in November and I’m currently transitioning into sustainable self-employment. The plan is to earn the majority of my income online so I can travel indefinitely and work from anywhere with an internet connection, like a geeky Jason Bourne.
One of my main goals with this blog is to lay down a blueprint so others can learn from my journey and achieve their own freedom.
The biggest problem with leaving 9-to-5 is giving up the steady paycheck that comes with it. You’ll often have to endure a few lean months before you begin to see real money trickle in from your entrepreneurial ventures. That’s where I’m at right now, and I’d like to reveal exactly what that’s like and how I’m making it work. You can see just how much my lifestyle costs and how I afford it.
Four quick notes to help you understand how I track everything:
- I round my expenses up and my earnings down. The idea here is that I’ll be left with a few extra Euros at the end of each month and I can go buy myself a nice frock or something.
- Earnings don’t count until the money is in my bank account or the cash is in my hand.
- I record what I spend and earn each day in a spreadsheet on Google Docs, or just on paper if I don’t have Internet access. I try to track absolutely everything.
- I’m intentionally going over the top by accounting for 20% tax on all my income. It will never be quite that high since I’ll have a certain amount of tax free allowance and I can write off a lot of items as business expenses, but I like to put aside that little bit extra just to be safe.
*** End of explanatory bit ***
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Again the problem with RSS reader.
Happily I realized that to successfuly sign up I should open the post with a form in a browser.
Hey Pavel. Yeah, unfortunately there’s no way for me to embed the form in an email. Although just as I’m writing that I’m thinking otherwise. Hmm…
Ah…I get your email, have already subscribed, but the email tells me that to get the report (income from Course) I need to subscribe???
Do I need to subscribe again every time you have something to read that is not posted to your blog?
Am I missing something? Hope so…
Sorry, it’s a little confusing. No matter what, you’ll need to enter your email address in the form provided above, but don’t worry, you won’t be subscribed again if you’re already a subscriber; you’ll just be redirected to the private subscribers area where you can access all the exclusive reports.
Hope that makes sense.