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: $1843.60 ($6565.12 total for 2017)
Expenses: $1668.26 ($3984.31 total for 2017)
Profit: $175.34 ($2580.81 total for 2017)
Last Month Revenue: $2012.29
As I continue on my publishing journey I am faced with more realizations that you need to keep the pedal to the metal when it comes to publishing books. While I did get some new books (3) launched this month they took a little longer to get going. That along with not having a new book out in my main niche for more than 2 months meant a very stagnant growth period for my revenue. It is a little disappointing and sharing your goals makes it that much more real that I didn’t hit my goal this month or in fact actually grow in sales this month. Already for the new month, I have 9 different books coming out and am certain that I will grow and grow massively for the month of April! While Createspace was down a little bit, my ebook sales were up and that is positive to see since they are the highest since Dec 2016.
Another reason that expenses were so high this month is. I spent quite a bit on some other nonpublishing relating things that I won’t get a return on for a few more weeks/month. So naturally, that drove up March’s expenses by quite a bit. I also order 3 new books that will be out in April and spent some money improving an older book that needed some serious upgrades. By doing that I was able to take it from $9 on Createspace to $27. I have already started to see a nice jump in royalties over the last few days of March for that book.
** I did do some publishing work the book the Front Row Factor. I was in charge of putting together the book launch for it. I was paid a flat rate as well as a royalty share for the first 3 months. I didn’t include that in my business income since its a bit different than everything else I have been doing.
Other Online Income: $0
Publishing Cost: $978.39
Bank Fees: $9.95
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 by July of this year 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: I am super excited about this one. I grew 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! 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: I have 1 month to hit my first milestone that and so far its been a bit of a struggle. With all the work that The Blueprint is proving to be, I have neglected my books and sales are showing that. April I will explode with books and bring out 9 new books that will help drive sales substantially. I feel my back is up against the wall and that is exactly where I like it. Here’s to hitting 5K this month!
I will easily look into creating a Kindle Publishing course to launch in 2018
Results: This should launch in the next few weeks. Its designed to help new publishers go from 0-$1000/month in the shortest period of time. This course will be the most updated and relevant publishing course on the market. Its proving to be a ton of work, more then I expected, but that is a good thing cause I want to deliver the absolute best product that I can.
I will easily commit to producing a minimum of bi-weekly blog posts (26 total) for all of 2017.
Results: 20 total so far. With everything going on, plus working my regular job, I just haven’t been able to find the time to sit down and write blog posts. With that being said, my youtube channel is gaining much more traction and I will be focusing on producing more video content than written content for the time being.
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.
I will easily reach 10,000 people monthly through my blog by December 31st 2017.
Last Month: 505
I haven’t been focusing a ton on my site, but mostly on my youtube page for right now.
I will easily grow my YouTube channel to 10,000 subscribers and produce 300 videos by December 31st 2017
Results: 217 subs and 46 videos
Last Month: 84 subs 20 videos
I am in the middle of my 100 videos in 90 day challenge and things are going great. I have been getting much better at filming and talking in front of the camera. My subscribers have been steadily increasing and I can tell that my videos are starting to get more and more views every day. I have really enjoyed this challenge, much more than I thought I would. I can’t wait to see what my channel is like at the end of the 90 days!
Health and Fitness
I will easily complete a full marathon by December 31st 2017
Results: Haven’t started look yet. I did purchase a new pair of runners and have been out running quite a bit more in the last week or so. Forgot how much I love it and just how good it feels 🙂
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: I think me and the wife will be doing this when we go to Vancouver, but we are not 100% sure 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! 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.
Just got DotCom secrets in the mail, so I am going to start diving into that book in the next little bit.
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!
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