April 2017 Finance Report

Everything I earned and spent in Spain, Ireland, Russia

Привет!

Here be all my finances for April.

I spent the first seven days out of the month living in Las Palmas de Gran Canaria, then was back in Ireland for 2.5 weeks, staying with my parents and giving a few talks in Waterford, Cork and Dublin, and I finished out in Moscow for four days/nights.

Income

April 2017 income

Summary

Total Income€ 3,303
$ 3,597
Total Expenses€ 2,280
$ 2,483
Profit/Loss€ 1,023
$ 1,114

Note: there are a bunch of affiliate links on this page. That means if you click through to another website and buy something from there, I will probably get a commission, but you won’t be charged anything extra. These kickbacks help justify all the time I spend putting these monthly reports together.

3M1K 1€ 2,004$ 2,183
Freelance web development 2€ 514$ 560
Earnings from talks in Ireland 3€ 290$ 316
Sale of MacBook Air 4€ 273$ 297
AWeber affiliate payment 5€ 192$ 209
Cheap Flight Checklist 6€ 21$ 23
Book sales (ndoherty.com) 7€ 9$ 10
Total Income€ 3,303
$ 3,597
Last Month€ 2,378$ 2,534

I was aiming to pull in $3k in April so pretty happy with how it shook out.

Expenses

April 2017 expenses

Food & Drink

Eating out€ 226$ 246
Groceries€ 146$ 159
8 Total
€ 372
$ 405
Last Month€ 533$ 568

Housing & Utilities

5 nights at Fili studio, Moscow 9€ 295$ 321
8 nights at Begovaya apartment, Moscow 10€ 244$ 266
9 nights at shared apartment in Las Palmas 11€ 135$ 147
2 nights at Belorusskaya shared apartment, Moscow 12€ 112$ 122
1 night at Airhotel Domidedovo, Moscow 13€ 63$ 69
Total€ 849
$ 925
Last Month€ 545$ 581

Health Care 14

Doctor visit in Las Palmas 15
€ 50$ 54
Ibuprofen 16€ 2$ 2
Total€ 52
$ 57
Last Month€ 114$ 121

Travel & Transport

30-day Russian tourist visa (including agency fee) 17€ 191$ 208
Train: Waterford to Dublin€ 32$ 35
Toll charges for Portugal trip 18€ 18$ 20
Metro in Moscow 19€ 13$ 14
Train: Moscow airport (SVO) to Moscow city center€ 8$ 9
Bus: Dublin city center to Dublin airport (DUB)€ 6$ 7
Buses in Gran Canaria€ 4$ 4
Taxi in Las Palmas€ 2$ 2
Toll charge for Waterford city bypass€ 2$ 2
Flight: Dublin (DUB) to Moscow (SVO) via Helsinki (HEL) 20€ 0$ 0
Total € 276
$ 301
Last Month€ 356$ 379

Business Expenses

Outsourcing 21€ 183$ 199
Boxworks event space 22€ 123$ 134
Facebook ads 23€ 68$ 74
PayPal fees 24€ 41$ 45
Easter eggs for talks 25€ 39$ 42
Government stamp duty for personal bank account in Ireland€ 30$ 33
Gemini 2 software 26€ 20$ 22
Phone credit€ 17$ 19
Virtual Post Mail 27€ 9$ 10
Currency exchange fees 28€ 8$ 9
Gumroad fees 29€ 5$ 5
Russian SIM card€ 3$ 3
Google Drive storage (100GB)€ 2$ 2
Amazon Web Services (more storage)€ 1$ 1
Total€ 549
$ 598
Last Month€ 3,259$ 3,472

Gifts & Donations

Flowers 30€ 41$ 45
Easter egg for a friend€ 10$ 11
Street performers in Cork and Waterford€ 5$ 5
Food for homeless guy in Las Palmas€ 1$ 1
Total€ 57
$ 62
Last Month€ 74$ 79

Books 31

The Master And Margarita 32€ 11$ 12
Sleep Smarter ****€ 9$ 10
I Will Teach You To Be Rich ***** 33€ 6$ 7
Career Change I Love! 34€ 0$ 0
Total€ 26
$ 28
Last Month€ 7$ 7

Clothing

Total€ 0
$ 0
Last Month€ 45$ 48

Miscellaneous Expenses

Family pass for Rumley’s Open Farm in Cork 35€ 34$ 37
Toiletries€ 20$ 22
Parking in Cork 36€ 18$ 20
Netflix subscription€ 10$ 11
Registered post for Russian visa€ 8$ 9
iTunes movie rental: Rogue One ****€ 5$ 5
Earplugs€ 3$ 3
Monthly banking fee (Dutch bank)€ 1$ 1
Total€ 99
$ 108
Last Month€ 149$ 159

Expense Summary

Housing & Utilities€ 849$ 925
Business Expenses€ 549$ 598
Food & Drink€ 372$ 405
Travel & Transport€ 276$ 301
Miscellaneous Expenses€ 99$ 108
Gifts & Donations€ 57$ 62
Health Care€ 52$ 57
Books€ 26$ 28
Clothing€ 0$ 0
Total Expenses€ 2,280
$ 2,483
Last Month€ 5,082$ 5,415

I was aiming to keep my expenses under $2.5k for the month so mission accomplished.

Biggest Regret?

Nothing major. I can’t tell though if that €68 on Facebook ads was money well spent. I probably would have had the same amount of people come to my talks without it.

Year To Date

Here’s how I’m doing so far in 2017 in terms of profit and loss:

January€ 668$ 720
February€ 724$ 763
March€ 2,704$ 2,881
April€ 1,023$ 1,114
Total€ 1,625$ 1,724

Where That Leaves Me

I had €7,266/$7,742 to my name at the end of March.

Taking into account all my April 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 €8,254/$9,007. 37

Outlook For May

I’ll be in Russia until May 25th, mostly in Moscow, and Moscow is apparently the ninth-most expensive city in the world 38 so it’ll be tough to keep expenses down. Thankfully I paid for a good chunk of the month’s accommodation in April.

I’ll also have some excess business expenses coming up in May as I look to outsource a bit more.

But all things considered, I reckon I can still keep expenses under $2.5k, so let’s aim for that.

As for income, I have close to $1,500 due from freelance work this month, which gives me a good start. I go back and forth between thinking 3M1K has turned a corner and that it’s still bleeding money, so not sure what will happen with that.

Feck it. I’ll aim for at least $3k total income again in May.

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.

Footnotes

  1. This is my premium course that teaches people how to start an online freelancing business.
  2. You can find links and details for my latest web dev projects here.
  3. I gave three talks (Cork, Waterford, Dublin) all about how to travel the world and work online (similar content to this webinar). Approximately 110 people attended in total. I collected €5 per person in Cork and Waterford. In Dublin, the organizer pocketed the money collected from attendees (€10 per person there) in exchange for organizing everything and paying for the venue.
  4. I bought a new MacBook Pro in February (€1,289 cost) and so needed to sell my old machine. I bought it for €1,203 in March 2017 so I got about 23% of my money back, plus four years of good usage.
  5. AWeber is what I used to use for my mailing list. I’ve recommended them to readers many times over the years and they do a recurring commission dealio so I still get occasional payments from them. Nowadays though I prefer to use ActiveCampaign for my mailing list, as it’s much more powerful. AWeber is still great though if you’re just getting started.
  6. This is a short guide I released at the end of January. So far it’s sold about 100 copies total. I produced it with a partner so I only receive part of the profits.
  7. I sell my Cargo Ship Diaries book direct via this website.
  8. Under €400 is what I usually aim for, so I did pretty well in April. All those dinners from the mammy back home in Ireland certainly helped!
  9. Found this on Airbnb. Use this link to sign up and you’ll get $37 off your first Airbnb booking.
  10. Found this on Airbnb. Use this link to sign up and you’ll get $37 off your first Airbnb booking.
  11. Some of this payment covered the last days of March.
  12. Found this on Agoda, but it wasn’t great. None of the photos for the listing match the actual property as far as I can see.
  13. Booked this for next month, when we’ll be flying in to DME late. Found the place on Agoda, but worked out a bit cheaper to book direct via the hotel website.
  14. Note that I have travel insurance via World Nomads, paid for last month.
  15. Couldn’t shake a throat thing and also had a more *ahem* sensitive problem I wanted to get checked.
  16. For the throat thing.
  17. Used this agency in Dublin to get the visa, posted everything to them from Cork and the visa was ready for pick up within ten days. Great service, saved me having to make two trips to the embassy myself. The price was €86 for the visa and €30 for the invitation letter, so the agency service cost me €75, plus postage (noted in miscellaneous section).
  18. This was a lingering charge from a rental car road trip in Portugal back in March. Sixt followed up by email with a bill for the toll charges.
  19. The metro is quite cheap in Moscow. I bought a metro card and loaded it up with credit.
  20. Wanted to note this here even though it cost me nothing. Booked the flight for free via points on my Chase Sapphire Reserve card. If you want to find cheap flights, use my Cheap Flight Checklist.
  21. I have an assistant helping me with 3M1K and I also hire some other freelancers every now and then to help me out with various projects.
  22. This is a great co-working space in my hometown in Ireland. I rented it out to give my talk on April 24th. Shout-out as well to the Plus10 co-working space in Cork, which hosted my talk there free of charge.
  23. Ran Facebook ads to help promote my talks in Cork, Waterford and Dublin. Reached 7,448 people and received 80 “event responses,” which can mean someone responded yes, no, or maybe to the event invite. Not sure how many people actually attended my talks as a result of those ads.
  24. Mostly on 3M1K payments.
  25. I gave away 4 easter eggs during each talk I did in Ireland. It’s how I get strangers to like me: bribe them with chocolate :-P
  26. Had a ton of duplicate photos and video files on my Mac in various places and this helped me clean them up much faster than trying to do it manually.
  27. This service allows me to receive old-fashioned mail in the USA without having a physical address there. They scan any mail received and email it to me, and can also forward along any important documents to another address I specify.
  28. Some freelance clients pay me via TransferWise and I lose a bit in the transfer. Still way better than PayPal though.
  29. I use Gumroad to process payments for my book The Cargo Ship Diaries and now also for the Cheap Flight Checklist.
  30. I gets real romantic sometimes.
  31. You can see all my book recommendations and what I’m currently reading over on Goodreads.
  32. Some classic Russian literature recommended by a reader. About 15% deep and not all that impressed with it so far, but I’ll hold off giving it a rating until I’m further in.
  33. Only about a third of the way through this but rating it 5 stars already as it’s gotten me to take investing more seriously.
  34. Haven’t read this yet. Got it during a free promotion. Written by a reader of this very website :-)
  35. A bit rough. The animals didn’t look too healthy.
  36. 24-hour parking in the city center
  37. Note that these totals are never quite right and don’t really align with my profit/loss numbers each month. That’s because of the different currencies and money constantly moving around between my accounts, plus I have some investments that can make or lose money in any given month. But I couldn’t be arsed figuring it all out perfectly and the above figures are close enough so let’s roll with them.
  38. According to Wikipedia

4 Comments

  1. Nancy L

    That was a very entertaining video. Great job! Loved the drop in graphics and videos, both the Hey big spender and Kitty reference. Fun stuff. You are getting very good at doing these and doing a little acting in them.

    Reply
  2. Joe

    How have you found the Sleep Smarter book? I’ve listened to Shawn on a few podcasts and he had some pretty good sleep tips – although never managed to implement more than a few of them.

    Cheers,
    Joe

    Reply

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