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: $4895.77 ($14,152.66 total for 2017)
Expenses: $944.59 ($6044.29 total for 2017)
Profit: $3951.18 ($8108.37 total for 2017)
Last Month Revenue: $2691.77
May was a big step forward in my journey to a passive income lifestyle. Not only were Kindle book sales up, I manage to keep my expenses relativly low and more importantly it was the first full month of my course My Self Publishing Blueprint being live so that helped boost overall revenue too.
KDP: $648.52 Last month: $380.61
Createspace: $1893.36 Last month:$1815.13
ACX: 14.04 Last month: $11.03
Other Online Income: $2339.85 Last month: $485
Publishing Cost: $345.16 Last Month: $767.28
Bank Fees: $9.95 Last Month: $9.95
Courses: $67 Last Month: $134
Misc: $131.81 Last Month: $312.05
Promotion: $107.74 Last Month: $0
Blog Expenses: $268.76 Last Month: 0
Email/Web Hosting: $9.03 Last Month: $9.03
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 working significantly less hours at my ‘regular’ job nowadays which has given me more time to create content and focus on my online business. Its funny though because although I work less hours at my regular job I am working significantly more hours each day/week in total because there is so much I want to get done with my online business.
Once we get closer to the fall we should know when my wife will be able to leave her job as well. I also have made the most important change and that is adding another stream of income from my course.
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: My Kindle business is growing each month, though it is growing slower than I initially wanted because it’s no longer my main focus. I am in the process of hiring and training a VA to take over full time and grow my Kindle business for me up to $5000 a month and then I’ll reevaluate where I want to take it from there.
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: 21 total so far. I just hired someone to help with turning my videos into blog post so this will be ramping up over the next few weeks.
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: 593
My site has been on maintenance mode for the last few weeks so there is no data to show for the month of May.
I will easily grow my YouTube channel to 10,000 subscribers and produce 300 videos by December 31st 2017
Results: 626 subs and 112 videos
Last Month: 417 subs 78 videos
I am almost done my 100 videos in 90 days challenge. I am happy with the overall direction that my channel is going and I am looking forward to producing even more videos over the next few months.
Health and Fitness
I will easily complete a full marathon by December 31st 2017
Results: Signed up for December 10th 2017!
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.
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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