Every month I detail my financials. For a month-by-month view, you can see the full spreadsheet here. Here is my self-employed life financial statement for December 2018:
Income: $894
I did a little consulting work for a former client and made another sale of my strategy consulting course, which I didn’t put a ton of effort into. I spent three weeks in Thailand with my partner and didn’t really work that muc.
- Consulting Fees: $667
- Gifts: $50
- Coaching Gifts: $0
- Teaching: $0
- Patreon: $43
- Courses: $153
- Digital Products: $5
- Affiliate/Medium Writing: $27
Personal Cost Of Living: $2,036
I was traveling in Thailand for three weeks before spending Christmas week at home for the holidays. I ended up spending about $21 a night in Thailand, which would have been slightly lower, but ended up staying in this beautiful floating house for three nights for about $60 a night
- Room & Board: $446
- Food, Shopping, Misc.: $1,254
- Health Insurance: $99
- Travel, Trips & Transport: $237
Business Expenses: $228
- Coworking: $0
- Calendly: $8
- Podcast Costs: $12
- Quickbooks: $19
- Teachable: $33
- Video (Zoom): $16
- Website Costs: $15
- Cell Phone Costs: $60 (US So expensive!)
- Digital Ads: $83 (mostly failed with limited learning)
- Annual LLC Fees (Monthly Cost): $42
Self-Employment Taxes: $137*
*I pay these quarterly, but the rate is 15.3% of income
Just published! The Pathless Path is Paul's book about walking away from a "perfect" job with a promising future and starting over again. Through painstaking experiments, living in different countries, and a deep dive into the history of our work beliefs, Paul pieces together a set of ideas and principles that guide him from unfulfilled and burned out to what he calls "the pathless path" - a new story for thinking about work in our lives. Learn More & Buy The Book Here