Hanging with Graham Hughes and fellow odyssey appreciators. Kochi, India. November, 2012.

How I Earn And Spend My Money: October 2012 Finance Report

New finance report is up! Get access below to see exactly how much I earned and spent last month. Turned out to be BY FAR the best month I’ve had since diving into self-employment. I’m talking more than $5k income. Hoo-rah!

*** Explanatory bit for new readers / skip this if you know the dealio ***

I quit my 9-to-5 job in November of 2010 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. I’ve just recently gotten past that point, now earning enough each month via freelance work to cover my expenses. The next step is to start earning primarily via my writing and passive income. I’ll reveal exactly what that process is like and how I make it work, while also sharing with you how much my lifestyle costs and how I afford it.

Three quick notes to help you understand how I track everything:

  1. 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 a nice tub of hummus, or something.
  2. Earnings don’t count until the money is in my bank account or the cash is in my hand.
  3. 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.

*** End of explanatory bit ***

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    1. Idea for an info product: something to do with beating travel-related fears.

      I’ve recently started travelling a bit, and I find it nerve-wracking at times (although I can FEEL the experience points levelling up very fast as I do it, so it’s still well worth it).

      Still, an info product on how to be a courageous traveller is something I would buy. It should contain tips on inner game to dispel false fears as well as concrete advice on how to deal with actual dangers while travelling.

      It’s a bit niche, but I think there would be a market for it. And it would continue your legendary lineage of courage-related products.

    2. http://voices.yahoo.com/hodophobia-fear-travel-2376953.html

      Interesting. I suppose Niall would be the opposite: a hodophile.

      In book Prometheus Rising by RA Wilson (which I highly recommend), the author speaks of neophiles and neophobes. Neophobes have a bad imprint on the “first circuit” (which is the part of the psyche related to survival issues) and so are more wary of travelling, and are more likely to be homebodies.


      It’s a bit woo-woo, but it’s given me many insights nonetheless.