Here is my monthly income and goals report where I break down all my expenses, revenue and goals for the month. I do this for two reasons, 1. By sharing my goals with you it forces me to stay accountable and know where I am at each and every month. 2. I do it to inspire you and show you exactly what it takes to create a passive income lifestyle. I want this site to be a blueprint for you, so if you choose to take that first step and pursue a more freedom bound lifestyle, you have all the tools you need.
***All money in USD***
Finances – Passive Income Only
I will easily generate $200,000 in revenue by December 31st 2017.
Revenue: $4613.11 ($24,760.11 total for 2017)
Expenses: $6739.04* ($14,831.9 total for 2017)
Loss: $-2125.93* ($9637.52 total for 2017)
*Included a trip back home to Vancouver Canada for an estimate of $6000. Which I can write off since it is considered a business expense. Profit not counting the trip was $3,874.10
August was such a great month! Not sure for earnings but for the reason that I was able to take the family back to Vancouver, something we have been trying to do for 2 years. If it wasn’t for the passive income that I have been earning from Kindle publishing we couldn’t have made this trip happen at the time we did. My wife was also able to take a full month off from work as well since we were able to save enough money that allowed her to enjoy that time off.
Some people might say we are blessed, I say I have been working my ass off the last 14 months to make this happen. That is why we both could travel for a month and not worry about money.
A major component of the trip was to meet and interview some new accountants. I am happy to say that after interviewing several accountants I have found one that I am very happy with and understands my business. So overall the whole trip was a great success.
My course, blog and Youtube channel are my main focuses as the potential for income are so much higher than my publishing business as well as it’s much more aligned with what I am looking for in terms of self-fulfillment. I have started working with my Kindle Manager to take over the day to day operations of my publishing business, I will keep documenting the process so I can share those results with you as well.
KDP: $544.74 Last month: $856.34
Createspace: $1327.47 Last month:$1196.44
ACX: 0.00 Last month: $17.24
Other Online Income: $2740.90 Last month: $846.36
Publishing Cost: $209.22 Last Month: $551.74
Bank Fees: $9.95 Last Month: $9.95
Courses: $0 Last Month: $0
Misc: $6324.15* Last Month: $126.00
Promotion: $0 Last Month: $77.06
Blog Expenses: $113.02 Last Month: $246.18
Coaching: $0 Last Month: $581.73
Email/Web Hosting: $117.88 Last Month: $10
Domain Name: $0 Last Month: $44.19
Equipment: $30.50 Last Month: $0
VA Expenses: $10.00 Last Month: $5.14
Supplies: $37.34 Last Month: $00
*Included a trip back home to Vancouver Canada for an estimate of $6000. Which I can write off since it is considered a business expense.
I will easily create 100% of my income from different passive income revenue streams by December 31st 2017 so that my wife and I can no longer have to work ‘regular’ jobs and have the freedom to live life on our terms.
I could not be happier with what I am doing. It’s challenging and so rewarding at the same time. Nothing gives me more excitement than the rush of grinding and working on my craft each and every day. Of course, the income potential is one of my main motivators so I can live the life I want and provide for my family the way I want. Decied to go all in on my Passive Income Lifestyle was the best thing I could have ever done. Within the next year (12 months) my wife should be done with her job as well and we will both be financially free.
I will easily pay off the remaining debt that I have by December 31st 2017
Results: I am super excited about this one. I grew up thinking that debt was not a big deal and accumulated some by just living beyond my means and buying things that I need. So we have been extremely aggressive on this front paying off debt and not accumulating any more debt by any means. Its a great feeling knowing that you are almost completely debt free!
I will easily become a master of my finances and improve in areas where I need to improve on by reading books and seeking out mentors who are getting results that I want.
Results: By doing these monthly reports it forces me to know where I am with my business income all the time. I love that! The fact that we have more money saved than ever before is a great indication that we are on the right track.
I will easily grow my Kindle Publishing business to generate $5,000 per month by April 30th 2017 and have it at $10,000 per month by August 1st 2017.
Results: I haven’t hit either milestone only because after getting a mentor my focus shifted on to some other areas in my businesss that would be more inlined with my goals. Now that I have hired a Kindle Manager to help run my publishing business I am focusing on training him and helping him get the publishing part of my income past the 5K a month mark.
I will easily look into creating a Kindle Publishing course to launch in 2018
Results: ACCOMPLISHED on April 28th 2017. www.myselfpublishingblueprint.com
I will help 1000 people make their first $1000 online through Kindle publishing by December 31st 2017.
Result: I am all in on this goal! This has lit a fire in me like nothing before. The fact that I am able to help others get the same feeling that I have been able to get from making my first $1000 with Kindle publishing is just incredible. Impacting and helping other create what they want for themselves is what I really do enjoy and thankful am very good at. I am looking forward to accomplishing this goal as fast as possible!
I will easily commit to producing a minimum of bi-weekly blog posts (26 total) for all of 2017.
Results: ACCOMPLISHED 43 total so far. Since I have hired someone to help turn my videos into actual blog posts this has really sped up this goal.
I will easily start Affiliate Marketing by December 31st 2017.
Results: I have started this on my own, but I don’t have a niche site or anything like that up yet. This will be more of a focus once I am working on my blog full time, hopefully in the next 2-3 months. Although this has not been a large focus, I am earning a couple hundred dollars a month with different affiliate programs that I am a part of.
I will easily reach 10,000 people monthly through my blog by December 31st 2017.
Last Month: 421
Since the revamp of my site, I am happy to see some improvements in the stats.
I will easily grow my YouTube channel to 10,000 subscribers and produce 300+ videos by December 31st 2017
Results: 1255 subs and 175 videos
Last Month: 1212 subs 168 videos
My goal for the year is to produce 300+ videos on my channel. That will be an just under an average of a video a day. I think that is a tremendous goal to have for my first year of being a “YouTuber”, I am looking forward to seeing how that affects everything else since YT is my main source of traffic.
Health and Fitness
I will easily complete a full marathon by December 31st 2017
Results: Signed up for December 10th 2017! I’ll be sharing my training on my blog and YT channel once I start it.
I will easily sign up and start working out in the gym again by December 31st2017.
Results: Not yet.
I will easily gain five pounds of muscle mass by December 31st 2017
Results: Haven’t started
I will easily do a 7-day juice cleanse with my wife by December 31st 2017
Results: Mariana just finished a 5 day cleanse and loved it! I have yet to commit to mine.
Travel, Lifestyle, and Personal Development
I will easily travel back to Canada with the family by December 31st 2017
Results: Looks like August is the plan! Flights are booked!
I will easily sign up for Robin Sharma’s Personal Mastery Academy for 2018 by December 31st 2017.
Results: Not open yet
I will easily read 12 books by December 31st 2017
Reading has just not been at the top of my list for the last few months. I will get back into it, but right now I just haven’t been super focused on sitting down and reading.
Here is what is next on my reading list
I will easily take the wife on a weekend getaway for our Anniversary by October 29th 2017
Results: Haven’t started planning yet
What will you accomplish in 2017?
The biggest mistake people make when setting goals is never checking in on them or measuring them regularly, that is why I commit to posting monthly updates on my progress, not to brag but to force me to consistently check in on my progress and reevaluate where I am.
I encourage you to make sure that you’ve clearly set your goals for 2017 and to even publicly share them, just as I’m doing right now.
You can share them with your friends, family, on Facebook, via e-mail, on your blog, or even as a comment below.
Again, by making them public you’ll have more internal pressure to follow through on them. The people that you share them with will also likely be following up with you throughout the year, reminding you of the commitment that you made to them, which will make you more likely to follow through on them.
So, what are your goals and resolutions for 2017? I’d love to hear what they are, make them public and leave a comment below!
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