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 March 2019:
Income: $963
I started to see a bit more traction with my new side business continuing to sell some consulting template packs on
- Coaching Gifts: $500
- Patreon/Substack: $91
- Courses & Digital Products: $345
- Udemty/Medium/Amazon Fees: $27
Personal Cost Of Living: $2,668
I moved into a new place in Taipei and spent a bit at IKEA getting situated and also spent $1,000 on a three week intensive Chinese course. After factoring these in and considering my future $333/month rent, my cost of living seems to be easily under $1500 a month.
- Room & Board: $323
- Food, Shopping, Misc.: $966
- Chinese Course: $1000
- Health Insurance: $99
- Travel, Trips & Transport: $280 (including Visa Application fee)
Business Expenses: $772
- Monthly ongoing fees: $193
- Contract Labor: $579 (freelance research support and new podcast cover art)
Self-Employment Taxes: $147*
*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