Its a new year and I honestly believe that 2017 will be the best year of my life and my family’s life for one reason, I will make it so! That is right, my success or your success falls on the shoulders of only one person. It is up to you to make your life the life you want it to be. I have made the commitment to ensure that 2017 is a breakthrough year for me and will be honoring that commitment all the way through.
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: $2709.23 ($2709.23 total for 2017)
Expenses: $1448.46 ($1448.46 total for 2017)
Profit: $1260.77 ($1260.77 total for 2017)
Last Month Revenue: $2944.46
January was an interesting month to say the least. I was worried that sales were going to slow down a bit, especially after Christmas. Looking back at the month I am pleased with the results. I did fall a couple hundred dollars short of last month, but considering that I only got 1 book out this month (2 more came out on the 31st) that was not bad at all. I learned a lot this month mainly cause I was part of KMM Full Disclosure Facebook group, that helped a lot on expanding my thinking and seeing what is possible. I also won the Student of the Month award for January for contributing and adding the most value to the group as well as helping out other publishers.
The extra videos that came along with the course upgrade answered a lot of the questions I had, and even some I didn’t know I had. So far it has been well worth the extra $67/month that it cost. I see that as a valuable asset to help me scale up and reach my goal of 10K/month by August.
How many books did I get out this month?
I only released 1 more book out this month mainly cause of cash flow. I wanted to wait until I was paid for my previous sales before ordering more books and not use any more of our savings. I happy to say that I have paid back all the money that I borrowed from our savings last month and even have more left over from Decembers royalties that were just paid (Jan 30th). Also, the book that I did release was the fastest book ever to make a profit and was also quite a bit more expensive at $122. So that tells me that I am learning how to market them very well :). I did release 2 books in my fiction series on January 31st (total of 10 books now, fiction and nonfiction) they have made their first few sales and I think they should do well this month.
What did I spend $1000 on?
I made sure I invested in myself this month as well. One of the fastest ways to learn is to learn from people who have done it all before you. I did two things, I hired a coach ($1000 for 6 weeks) and I also invested in another Kindle course. I did that for the pure reason that I wanted to learn what was in this other course, so I can see if there were any ideas or things I can use to help propel my business even further and faster. I plan on doing a full review of both courses at some point in the future.
Other Online Income: $16
Publishing Cost: $287.03
Bank Fees: $3.95
Domain Name: 23.48 (for 2 years)
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 am making progress on this. My goal is to be able to quit my job within the next 2-3 months and focus on my blog and online business full time. Once we get closer to the fall we should know when my wife will be able to leave her job as well.
I will easily pay off the remaining debt that I have by December 31st 2017
Result: Every month we are making progress on this.
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! I haven’t started reading the books around this topic yet, but I will in the next few months.
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: About half way to my first milestone
I will easily look into creating a Kindle Publishing course to launch in 2018
Results: Hired a coach to help with this
I will easily commit to producing a minimum of bi-weekly blog posts (26 total) for all of 2017.
Results: 6 total so far
I will easily start Affiliate Marketing by December 31st 2017.
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.
I will easily reach 10,000 people monthly through my blog by December 31st 2017.
I still have to make sure I have Google Analytics set up correctly. I also am planning on doing a complete revamp of my blog site hopefully next month.
Health and Fitness
I will easily complete a full marathon by December 31st 2017
Results: Haven’t started look yet
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: Not yet
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!
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
I am a bit behind on this. I am almost finished Daring Greatly. (Go buy it and read it) This book was the reason for me getting over my fear of being more open online. Completely changed my life! I wouldn’t be doing these videos if it wasn’t for this book!
Here is what is next on my reading list
Untethered Soul – Michael A. Singer
FU Money – Dan Lok
Tools of Titans – Tim Ferris
Money Master The Game – Tony Robbins
The Seventh Sense by Joshua Cooper Ramo
Abundance – Peter H. Diamandis
On Writing by Stephen King
It’s Your Ship by Michael Abrashoff
Spark by John Ratey
Grit by Angela Duckworth
Peak by Anders Ericsson
The Gifts Of Imperfection – Brene Brown
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!
Please subscribe to get automatic updates of my latest blogs by entering your email in the subscription box up above and subscribing to my YouTube channel.
Thank you so much for your support please feel free to click the recommend button and share if you enjoyed this post 🙂