2016 Finance Report

Everything I Earned And Spent In 2016

If you’re a regular visitor here you’ll know that I’ve been tracking all my income and expenditure since I quit my day job at the end of 2010, and sharing detailed monthly finance reports with my email subscribers.

Below I’ll share with you a summary of all my income and expenses from 2016.

Income

Summary

Total Income € 36,479
$ 40,405
Total Expenses € 36,666
$ 40,616
Profit/Loss € 187
$ 211
3M1K 1 € 18,581 $ 20,657
Freelance web development 2 € 14,013 $ 15,504
Affiliate income 3 € 932 $ 1,029
Other refunds 4 € 787 $ 828
VAT refunds 5 € 594 $ 660
Coaching 6 € 379 $ 411
Book sales (via Amazon) 7 € 295 $ 325
Google Adsense 8 € 238 $ 264
Sale of personal possessions 9 € 195 $ 216
Personal tax refund 10 € 137 $ 153
Loose change 11 € 109 $ 121
Books sales (via ndoherty.com) 12 € 106 $ 115
Credit card cash rewards 13 € 63 $ 69
Cash gifts 14 € 50 $ 53
Total Income € 36,479
$ 40,405
Last Year € 33,469 $ 36,831

Expenses

All Expenses

Business Expenses € 15,015 $ 16,645
Housing & Utilities 15 € 9,420 $ 10,439
Food & Drink € 4,405 $ 4,865
Travel & Transport € 3,312 $ 3,674
Miscellaneous € 1,483 $ 1,633
Insurance 16 € 1,219 $ 1,349
Clothing € 650 $ 717
Personal Taxes 17 € 394 $ 449
Gifts & Donations € 370 $ 407
Books 18 € 154 $ 170
TV, Movies & Cinema € 117 $ 129
Toiletries € 115 $ 128
Laundry 19 € 12 $ 14
Total Expenses
€ 36,666
$ 40,616
Last Year € 29,601 $ 32,555

Business Expenses

Outsourcing 20 € 3,791 $ 4,166
Accountant 21 € 3,198 $ 3,566
Taxes € 1,997 $ 2,227
iPhone 6s € 645 $ 725
PayPal fees € 502 $ 557
Miscellaneous € 435 $ 485
ActiveCampaign mailing list software € 451 $ 499
Chase Sapphire Reserve annual fee 22 € 400 $ 450
Stripe fees 23 € 398 $ 445
The Subtle Art Of Not Giving A F*ck (25 Copies) 24 € 308 $ 343
Coworking 25 € 289 $ 312
LLC setup 26 € 263 $ 293
3M1K refunds 27 € 253 $ 287
Postage 28 € 225 $ 247
MemberMouse 29 € 219 $ 242
Phone credit € 201 $ 223
Miscellaneous hardware & equipment 30 € 191 $ 213
Teamwork project management software 31 € 186 $ 205
Thrive software 32 € 145 $ 160
Domains/hosting 33 € 140 $ 151
Amazon gift cards 34 € 143 $ 150
Epidemic Sound 35 € 129 $ 144
TransferWise fees 36 € 91 $ 99
iDevAffiliate affiliate software 37 € 82 $ 89
Virtual Post Mail 38 € 76 $ 84
Upwork fees 39 € 72 $ 82
Notary 40 € 58 $ 65
3M1K affiliate payout 41 € 49 $ 55
Skype credit € 28 $ 31
Google Drive storage € 24 $ 24
Amazon Web Services (more storage) € 14 $ 14
Gumroad fees 42 € 12 $ 12
Total € 15,015 $ 16,645
Last Year € 5,442 $ 5,988

Other Numbers Of Interest

Money spent per day in 2016 € 100.18 $ 110.97
Money earned per day in 2016 € 99.66 $ 110.40
Lowest income month (January) € 54 $ 59
Highest income month (May) € 6,487 $ 7,243
Most expensive month (May) € 3,954 $ 4,415
Least expensive month (December) € 1,995 $ 2,099

Monthly Profit/Loss

Here’s how I did throughout 2016 in terms of profit and loss:

January € 3,056 $ 3,327
February € 304 $ 330
March € 307 $ 349
April € 63 $ 72
May € 2,533 $ 2,828
June € 465 $ 518
July € 1,276 $ 1,425
August € 621 $ 692
September € 412 $ 463
October € 1,399 $ 1,536
November € 226 $ 240
December € 1,995 $ 2,099
Overall Profit/Loss € 187
$ 213

A Few Photos From 2016

An April evening in Amsterdam.
International Pillow Fight Day in Amsterdam’s Dam Square
A surreal scene at Keukenhof in the Netherlands.
Dutching it up a bit.
Wedding celebration in New Orleans.
Falling from the sky.
Exploring an abandoned NSA spy station on the outskirts of Berlin with Kevin Koskella
With my brother-from-another-mother after 19km of madness.
Apartment I sublet in Tenerife.
Speaking at Nomad City (video of my talk here)
New favorite thing 🙂
At the VIP lounge at LPA.
A Christmas Day stroll on an Irish country road.

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Curious as to how I track everything I earn and spend? Check this video.

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