Below you’ll find all my finance details for February 2018.

I was in Bansko, Bulgaria until February 10th, and spent the rest of the month in Moscow.

Summary

Total Income € 3,964 $ 4,833
Total Expenses € 8,348 $ 10,179
Profit/Loss € 4,384 $ 5,346

Income

January 2018 income chart

Consulting / Project Management 1 € 1,898 $ 2,314
3M1K 2 € 1,292 $ 1,575
Profit from sale of 4 TSLA shares 3 € 417 $ 508
Profit from sale of Bitcoin 4 € 197 $ 240
Google Adsense 5 € 72 $ 88
GoSub affiliate payment 6 € 39 $ 48
Book sales (via Amazon) 7 € 22 $ 27
Cheap Flight Checklist 8 € 15 $ 18
Patreon 9 € 12 $ 15
Total Income € 3,964
$ 4,833
Last Month € 7,647 $ 9,518

That’s about how much I expected to pull in. Way down from January, but that was my best month ever for income so a drop was likely.

Expenses

January 2018 expenses chart

Food & Drink

Eating out € 222 $ 271
Groceries € 161 $ 196
10 Total € 383
$ 467
Last Month € 634 $ 789

Housing & Utilities

19 nights at Moscow apartment 11 € 672 $ 819
3 nights at Sevilla apartment 12 € 162 $ 198
3 nights at Madrid apartment 13 € 138 $ 168
2 nights at Toledo apartment 14 € 117 $ 143
Electricity bill at Bansko apartment 15 € 71 $ 87
Total € 1,160 $ 1,414
Last Month € 400 $ 498

Health Care

IMG Global Health Insurance 16 € 0 $ 0
Total € 0 $ 0
Last Month € 128 $ 159

Travel & Transport

Flights: Faroe Islands (FAE) to Gran Canaria (LPA) 17 € 233 $ 284
Flights: Copenhagen (CPH) to Faroe Islands (FAE) (x2) 18 € 175 $ 213
Flights: Amsterdam (AMS) to Copenhagen (CPH) 19 € 76 $ 93
Flights: Dublin (DUB) to Amsterdam (AMS) 20 € 47 $ 57
Shuttle: Bansko to Sofia Airport (x2) 21 € 39 $ 48
Ubers in Moscow 22 € 13 $ 16
Moscow metro € 4 $ 5
Total € 587 $ 716
Last Month € 462 $ 575

Business Expenses

6 months of high-performance coaching (payment 1 of 3) 23 € 4,100 $ 5,000
Coaching call with Tynan 24 € 492 $ 600
Outsourcing 25 € 318 $ 388
Accountant (USA) € 246 $ 300
Accountant (Ireland) € 175 $ 213
Taxes (Ireland) 26 € 133 $ 162
3M1K Affiliate Payment 27 € 123 $ 150
Facebook ads 28 € 33 $ 40
Phone credit 29 € 30 $ 37
PayPal fees 30 € 27 $ 33
SmarterQueue 31 € 19 $ 23
TransferWise fees 32 € 13 $ 16
Virtual Post Mail 33 € 8 $ 10
Gumroad fees € 2 $ 3
Patreon fees 34 € 2 $ 2
Amazon Web Services (storage) 35 € 1 $ 1
ActiveCampaign mailing list software 36 € 0 $ 0
Teamwork project management software 37 € 0 $ 0
MemberMouse 38 € 0 $ 0
Dreamhost web hosting 39 € 0 $ 0
Elegant Themes subscription 40 € 0 $ 0
Google Drive storage (1TB) 41 € 0 $ 0
Total € 5,723
$ 6,978
Last Month € 2,660 $ 3,310

Gifts & Donations

Flowers 42 € 70 $ 85
Monthly Love & Courage podcast donation 43 € 5 $ 6
Waking Up podcast donation 44 € 3 $ 4
Total € 78 $ 95
Last Month € 106 $ 132

Books 45

The 4-Hour Workweek 46 ***** € 12 $ 15
Darwin: The End Of God 47 **** € 2 $ 3
Napoleon: Rise Of An Empire 48 **** € 2 $ 3
Shakespeare: The Greatest Writer 49 *** € 2 $ 3
The Coaching Habit 50 € 0 $ 0
Maxims For Revolutionists 51 *** € 0 $ 0
The Power Of Full Engagement 52 € 0 $ 0
Total € 19 $ 24
Last Month € 26 $ 33

Clothing

Total € 0 $ 0
Last Month € 207 $ 258

Miscellaneous Expenses

Strong Viking Copenhagen (x2) 53 € 184 $ 224
Lift passes for snowboarding in Bansko (2 days) € 59 $ 72
Monthly banking fees (Hong Kong bank) 54 € 58 $ 71
Snowboarding equipment rental in Bansko € 28 $ 34
Toiletries € 21 $ 26
Netflix subscription € 11 $ 13
Coinbase fee 55 € 11 $ 13
Stock market trade fees and commissions 56 € 8 $ 10
Azimo transfer fee 57 € 6 $ 7
Kitchen cleaning supplies € 3 $ 4
Amazon Movie Rental: Zootopia *** € 2 $ 3
Amazon Movie Rental: The Social Network *** € 2 $ 3
ATM fee (Irish bank) € 2 $ 2
Monthly banking fee (Dutch bank) € 1 $ 2
Earplugs € 1 $ 1
Total € 398 $ 486
Last Month € 558 $ 694

Expense Summary

Business Expenses € 5,723 $ 6,978
Housing & Utilities € 1,160 $ 1,414
Travel & Transport € 587 $ 716
Miscellaneous Expenses € 398 $ 486
Food & Drink € 383 $ 467
Gifts & Donations € 78 $ 95
Books € 19 $ 24
Health Care € 0 $ 0
Clothing € 0 $ 0
Total Expenses € 8,348 $ 10,179
Last Month € 5,181 $ 6,448

I was aiming to keep everything under $4000 for the month.

Oops.

Investing $5,600 in coaching changed things considerably.

Biggest Regret?

Nothing right now, but it’s early days with many of those investments and expenses up there.

Where That Leaves Me

I had €15,406 / $19,176 to my name at the end of January.

Taking into account all my February income and expenditure, and the most recent exchange rates – I have accounts in EUR, HKD and USD – my total bank and cash balances now work out to €11,040 / $13,462. 58

Outlook For March

Income should be about $4,500 from my consulting work and 3M1K payment plans. I’ll consider anything more a bonus.

It should be a relatively inexpensive month, hopefully down around the $3,000 mark. Myself and the missus will be doing a bit of a road trip around Spain for 10 days mid-month, but most of that is paid for already. Probably my biggest expense will be paying for a month of accommodation in Gran Canaria.

How I Track All This

Curious as to how I track everything I earn and spend? Check this video…

Feedback Welcome

Thoughts? Questions? Speak up in the comments below.

Archived Finance Reports

I’ve been posting these monthly finance reports since January, 2011. You can view all my old reports via this page.