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 February 2019:
Income: $345
This month I started to see a bit of traction on a number of different digital products, including selling my first two consulting template packs after installing them as a product on
- Consulting Fees: $0
- Coaching Gifts: $120
- Teaching: $0
- Patreon: $64
- Substack: $16
- Courses: $67
- Digital Products: $68
- Udemty/Medium/Amazon Fees: $20
Personal Cost Of Living: $1,493
I stayed most of the month in Bali again. My housing costs were a bit higher as a deal I had negotiated went up in price. If I were to stay in Bali longer-term, I believe I could probably get housing under $400 a month quite easily.
- Room & Board: $618
- Food, Shopping, Misc.: $710
- Health Insurance: $99
- Travel, Trips & Transport: $66
I also used points to book a flight back to Taipei and pay for a round trip ticket for my partner to visit for two weeks as well!
Business Expenses: $1,192
- Coworking: $33
- Calendly: $8
- Podcast Costs: $0 (I switched to Anchor: read more here)
- Contract Labor: $1000 (a new partner I’m working with for StrategyU.co)
- Quickbooks: $19
- Teachable: $33
- Video (Zoom): $16
- Cell Phone Costs: $25
- Annual LLC Fees (Monthly Cost): $42
Self-Employment Taxes: $53*
*I pay these quarterly, but the rate is 15.3% of income. Actual final tax bill will vary because, well who can figure that out?
33k+ Sold! (Top 1% Book) 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