Below you’ll find all my finance details for July 2019.
I spent the whole month in Bali, mostly in Ubud.
I’ve been tracking everything I earn and spend since January 2011, just a few weeks after quitting my day job. Every month since, I’ve published one of these finance reports.
Sharing this info publicly keeps me accountable and hopefully gives you some insight into how I earn a living online.
Patrons get to see each new report before anyone else.
💵 Summary
Total Income | € 1,924 | $ 2,131 |
Total Expenses | € 1,879 | $ 2,081 |
Profit/Loss | € 45 | $ 50 |
🤑 Income
Affiliate income (see below) | € 1,560 | $ 1,728 |
Consulting / Project Management 1 | € 229 | $ 254 |
Patreon 2 | € 115 | $ 127 |
Book sales (via Amazon) | € 20 | $ 22 |
Total Income | € 1,924 |
$ 2,131 |
Previous Month | € 933 | $ 1,059 |
I estimated $1,000 in affiliate earnings for July and little beyond that, so a pleasant surprise here.
👍 Affiliate Income
Affiliate payments came from…
Affiliate | Related Content |
---|---|
Aweber | AWeber Pricing vs. Popular Alternatives |
Earn More Writing | Earn More Writing Review |
SafetyWing | Digital Nomad Travel Insurance |
Tai Lopez | Tai Lopez Scam? |
Here’s a progress chart for affiliate income since starting eBiz Facts…
💸 Expenses
🍽 Food & Drink
Eating out | € 415 | $ 460 |
Groceries | € 185 | $ 204 |
Total | € 600 |
$ 664 |
Previous Month | € 597 | $ 678 |
🏡 Housing & Utilities
1 month at Ubud villa | € 369 | $ 409 |
Total | € 369 |
$ 409 |
Previous Month | € 621 | $ 705 |
💪 Health Care
1-hour massage (x6) | € 41 | $ 45 |
SafetyWing travel insurance 3 | € 33 | $ 37 |
Total | € 74 |
$ 82 |
Previous Month | € 51 | $ 58 |
🛫 Travel & Transport
1 month scooter rental in Ubud, Bali | € 96 | $ 106 |
Indonesia social visa extension | € 51 | $ 57 |
Scooter fuel | € 6 | $ 7 |
Scooter oil change | € 4 | $ 5 |
Parking | € 1 | $ 1 |
Total | € 159 |
$ 176 |
Previous Month | € 548 | $ 622 |
💻 Business Expenses
Outsourcing 4 | € 347 | $ 385 |
SocialBee 5 | € 44 | $ 49 |
Pigeon 6 | € 26 | $ 29 |
SmarterQueue 7 | € 19 | $ 21 |
Ahrefs subscription 8 | € 18 | $ 20 |
MemberMouse 9 | € 18 | $ 20 |
Virtual Post Mail 10 | € 18 | $ 20 |
Patreon fees 11 | € 15 | $ 17 |
Zoom 12 | € 13 | $ 15 |
Phone credit | € 11 | $ 12 |
YouTube Premium 13 | € 11 | $ 12 |
Google Drive storage (1TB) 14 | € 9 | $ 10 |
Amazon Web Services (storage) 15 | € 3 | $ 3 |
PayPal fees | € 2 | $ 2 |
Dreamhost web hosting 16 | € 0 | $ 0 |
Teamwork project management software 17 | € 0 | $ 0 |
Total | € 554 | $ 614 |
Previous Month | € 774 | $ 879 |
🎁 Gifts & Donations
Effective Altruism Fund 18 | € 9 | $ 10 |
Monthly Love & Courage podcast donation 19 | € 5 | $ 6 |
SamHarris.org subscription 20 | € 4 | $ 4 |
Patreon: The Blindboy Podcast 21 | € 3 | $ 3 |
Patreon: Úna-Minh Kavanagh | € 3 | $ 3 |
Flowers | € 2 | $ 2 |
Total | € 25 |
$ 28 |
Previous Month | € 36 | $ 41 |
📚 Books 22
All Quiet On The Western Front ⭐️⭐️⭐️⭐️⭐️ | € 5 | $ 6 |
Mastermind Dinners 23 | € 5 | $ 5 |
Total | € 10 |
$ 11 |
Previous Month | € 17 | $ 19 |
👕 Clothing
Total | € 0 |
$ 0 |
Previous Month | € 94 | $ 107 |
🤷♂️ Miscellaneous Expenses
Laundry | € 27 | $ 30 |
Toiletries | € 19 | $ 21 |
Netflix subscription | € 11 | $ 12 |
Monthly banking fee (Hong Kong bank) 24 | € 8 | $ 9 |
Thomas Beach lounger rental | € 6 | $ 7 |
Kitchen cleaning stuff | € 3 | $ 4 |
Amazon movie rental: Groundhog Day ⭐️⭐️⭐️⭐️⭐️ | € 3 | $ 3 |
Mosquito repellent | € 2 | $ 3 |
ATM fee | € 2 | $ 2 |
Sangeh Monkey Forest entry | € 2 | $ 2 |
Monthly banking fee (Dutch bank) | € 2 | $ 2 |
Tape | € 2 | $ 2 |
Melasti Beach entry | € 1 | $ 1 |
Total | € 88 |
$ 97 |
Previous Month | € 101 | $ 115 |
💸 Expense Summary
Food & Drink | € 600 | $ 664 |
Business Expenses | € 554 | $ 614 |
Housing & Utilities | € 369 | $ 409 |
Travel & Transport | € 159 | $ 176 |
Miscellaneous Expenses | € 88 | $ 97 |
Health Care | € 74 | $ 82 |
Gifts & Donations | € 25 | $ 28 |
Books | € 10 | $ 11 |
Clothing | € 0 | $ 0 |
Total Expenses | € 1,879 |
$ 2,081 |
Previous Month | € 2,840 | $ 3,222 |
I was aiming to keep everything under €2,500 for the month. One of the rare occassions where I actually spent way less than predicted!
😢 Biggest Regret?
Nothing major.
I’m spending a bit more on food and drink than I’d like – $664 in July – but the convenience factor makes it worth it.
Overall I’m very happy with the month. Relative to the previous, income was up $1000+ and expenses were down $1000+.
🗓 2019 So Far
Here’s how I’m doing this year in terms of profit and loss:
January | € 653 | $ 747 |
February | € 529 | $ 601 |
March | € 242 | $ 272 |
April | € 240 | $ 269 |
May | € 171 | $ 196 |
June | € 1,906 | $ 2,163 |
June | € 45 | $ 50 |
Total | € 1,084 | $ 1,230 |
📊 Where That Leaves Me
I had €14,095 / $15,995 to my name at the end of June.
Taking into account all my July income and expenditure, and the most recent exchange rates – I have accounts in EUR, HKD and USD – my total bank and cash balances now work out to €14,331 / $15,872. 25
🔮 Outlook For August
Affiliate income should push $2,000, and I’ll earn about $130 more via Patreon.
Staying put in Bali for the month, but expenses are likely to go up.
I will be booking at least one flight, maybe two. My outsourcing costs will rise as I hire more help. And I may buy a new course or two for review.
Keeping expenses under $2,500 would be good going.
📲 How I Track All This
Curious as to how I track everything I earn and spend? Check this video…
💬 Feedback Welcome
Thoughts? Questions? Speak up in the comments below.
🗂 Archived Finance Reports
I’ve been posting these monthly finance reports since January, 2011. You can view all my old reports via this page.
It’s great to see your hard work payoff. Are you enjoying your time more now that you are not doing consulting work? How has that changed your work life?
Thanks, Nancy.
Yeah, definitely enjoying my work more now that I’m 100% focused on my own thing. My energy levels have been great recently, probably in large part because of the work 🙂
Good stuff mate! Keep it up…rooting for ya 🙂
Jub
Thanks, dude!