August 2017 Finance Report

Everything I earned and spent in Japan, Amsterdam, Ireland, Tenerife

Hola from Tenerife!

Here be all my finances for August.

I started off the month in Japan, then 4 days in Amsterdam, a couple of weeks in Ireland, and finally arrived in Tenerife on the 24th.


August 2017 income


Total Income€ 3,287
$ 3,921
Total Expenses€ 2,518
$ 3,003
Profit/Loss€ 769
$ 918
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 (actually you’ll often get a discount). These kickbacks help justify all the time I spend putting these monthly reports together.
3M1K 1€ 2,096$ 2,500
Freelance web development 2€ 493$ 588
The Rabble-Rouser’s Guide To Travel 3€ 271$ 323
Earnings from Dublin talk 4€ 140$ 167
3M1K Scholarship Program 5€ 134$ 160
Google Adsense payment 6€ 79$ 94
Cheap Flight Checklist 7€ 57$ 68
Book sales (via Amazon) 8€ 17$ 20
Total Income€ 3,287
$ 3,921
Last Month€ 3,170$ 3,743

I predicted $3,300 income for the month so I’m fairly satisfied with the final numbers, especially since I was doing so much traveling.


August 2017 expenses

Food & Drink

Eating out€ 212$ 253
Groceries€ 162$ 193
9 Total
€ 374
Last Month€ 589$ 695

Housing & Utilities

18 nights at shared apartment in Puerto de la Cruz 10€ 377$ 450
3 nights at shared house in Dublin 11€ 105$ 125
3 nights at the Wolfhouse, Tenerife 12€ 80$ 95
1 night at Hotel White City, Tokyo 13€ 37$ 44
Total€ 599
$ 714
Last Month€ 538$ 635

Health Care

IMG Global Health Insurance 14
€ 0$ 0
Total€ 0
$ 0
Last Month€ 0$ 0

Travel & Transport

Flight: Munich (MUC) to Tenerife (TFS) 15€ 184$ 219
Flight: Dublin (DUB) to Tenerife (TFN) 16€ 177$ 211
Flight: Dublin (DUB) to Moscow (VKO) via Oslo (OSL) 17€ 177$ 211
4-day car rental in Tenerife 18€ 95$ 113
Train: Dublin to Waterford (round trip) 19€ 43$ 51
Train: Nippori to Tokyo Airport (NRT), Japan€ 22$ 26
Tokyo local trains€ 20$ 24
Bus: Waterford to Cork (round trip)€ 20$ 24
Fuel for rental car€ 10$ 12
Bus: Dublin city center to Dublin Airport (DUB)€ 7$ 8
Bus: Tenerife North Airport (TFN) to Puerto de la Cruz€ 5$ 6
OV Chipkaart top-up 20€ 5$ 6
Nara local buses€ 3$ 4
Flight: Moscow (VKO) to Munich (MUC) 21€ 0$ 0
Total € 768
$ 916
Last Month€ 1,290$ 1,523

Business Expenses

Outsourcing 22€ 158$ 188
2.5 weeks coworking in Tenerife 23€ 105$ 125
Conference room at the Academy Plaza Hotel, Dublin 24€ 100$ 119
PayPal fees 25€ 53$ 63
Gumroad fees 26€ 38$ 45
iPhone cable 27€ 25$ 30
Dreamhost domains 28€ 24$ 28
Phone credit€ 23$ 27
BuzzStream 29€ 20$ 24
Giveaway items for Dublin talk 30€ 11$ 13
Currency exchange fees 31€ 10$ 12
Virtual Post Mail 32€ 8$ 10
Buffer 33€ 8$ 10
Skype credit€ 8$ 10
Amazon Web Services (storage) 34€ 2$ 2
Google Drive storage (1TB) 35€ 0$ 0
Total€ 593
$ 707
Last Month€ 601$ 710

Gifts & Donations

Flowers 36€ 65$ 78
3M1K Scholarship Program 37€ 42$ 50
Monthly Love & Courage podcast donation 38€ 5$ 6
Waking Up podcast donation 39€ 4$ 5
Tokyo airport charity box 40€ 3$ 4
Deer cookies 41€ 1$ 1
Total€ 120
$ 143
Last Month€ 52$ 61

Books 42

The Primal Spark 43 ****€ 7$ 8
Total€ 7
$ 8
Last Month€ 5$ 6


Total€ 0
$ 0
Last Month€ 1$ 1

Miscellaneous Expenses

Owl cafe entry in Nara (x2) 44€ 20$ 24
Toiletries€ 12$ 14
Nara arcade games 45€ 11$ 13
Netflix subscription 46€ 10$ 12
Laundry€ 3$ 4
Monthly banking fee (Dutch bank)€ 1$ 1
Total€ 57
$ 68
Last Month€ 260$ 307

Expense Summary

Travel & Transport€ 768$ 916
Housing & Utilities€ 599$ 714
Business Expenses€ 593$ 707
Food & Drink€ 374$ 446
Gifts & Donations€ 120$ 143
Miscellaneous Expenses€ 57$ 68
Books€ 7$ 8
Clothing€ 0$ 0
Health Care€ 0$ 0
Total Expenses€ 2,518
$ 3,003
Last Month€ 3,336$ 3,939

I predicted $3,025 for August expenses so I did quite well.

Biggest Regret?

I submitted foolish dates when applying for my Russian business visa and so couldn’t go to Moscow at the end of August as planned. Worst part was that I only realized my blunder at the last minute, when it was too late to cancel my flights. So I ended up paying $577 for flights in and out of Russia that I wasn’t able to take 🙁

I also booked a last-minute flight from Ireland to Tenerife after the Moscow trip fell through, and that cost me another $211.

Oh, and I regret paying $24 to support owl incarceration.

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
May€ 10$ 11
June€ 1,755$ 2,006
July€ 166$ 196
August€ 769$ 918
Total€ 723$ 993

Where That Leaves Me

I had €9,502/$11,220 to my name at the end of July.

Taking into account all my July 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 €10,308/$12,295. 47

Outlook For September

After visiting 8 different countries in July and August, it looks like I’ll be staying put in the Canary Islands for all of September, which will be a welcome relief for both my energy levels and finances.

It’s quite possible that I could keep my expenses down around the €2,000 mark, so that’s what I’ll shoot for.

As for income, as usual it’s not very predictable. Sales of 3M1K continue to fluctuate, and I wouldn’t be surprised if I earned $500 or $5000 from that in September. I’ll set the bar low and estimate only $1000.

I’ll bring in a bit more from freelancing and other sources, but all in all I can’t see myself earning beyond $2000 unless I get lucky.

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.


  1. This is my course that teaches people how to start an online freelance business.
  2. You can find links and details for my latest web dev projects here. I haven’t done a lot of freelance work in 2017 as I’ve been busy with 3M1K stuff.
  3. This is a travel guide I wrote and produced with a friend of mine. We share the profits.
  4. I gave a talk all about how to travel the world and work online (similar content to this webinar). Entry was €10.
  5. A new initiative started in August. Read more about it and feel free to donate yourself :-)
  6. This is for advertising on my YouTube videos. I get paid about that amount every three months. Works out to about €1 per thousand views.
  7. This is a short guide I released earlier this year. I produced it with a friend so I only receive part of the profits.
  8. I currently have two books for sale on Amazon:

  9. Under €400 is what I usually aim for. Was able to save a bit while in Ireland thanks to the mammy spoiling me.
  10. This is via Coworking in the Sun.
  11. This is actually a friend’s place which he rents out on Airbnb. Use this link to sign up and you’ll get $37 off your first Airbnb booking.
  12. Third time I’ve stayed there now. Great place. Did a live broadcast from there this past weekend.
  13. Walk-in booking. We actually didn’t stay the night. It’s in Shibuya in Tokyo.
  14. I paid for 12 months up front back in May, but listing it here each month so you don’t have to ask :-) Works out to $109/month and covers me everywhere in the world.
  15. This was supposed to be the second leg of my flight out of Moscow. Never took it though as there was an issue with my Russian visa and I couldn’t go to Moscow last month. Inquired about a refund but it was too late.
  16. Booked this flight last-minute after my Moscow trip fell through.
  17. Another flight I couldn’t take :-( I did at least get a partial refund for this flight (about $40).
  18. Booked through
  19. Much faster than the bus and I can get some work done on the train.
  20. This is a card you use in the Netherlands for public transport.
  21. Yet another flight I couldn’t take since after my trip to Moscow fell through. At least this one was booked for free via points on my Chase Sapphire Reserve card, saving me $147. Tried to get the points refunded but no joy.
  22. 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.
  23. I’m at Coworking In The Sun again. I made a video about it.
  24. This was for the “travel the world and work online” talk I did (similar content to this webinar).
  25. Mostly on 3M1K payments.
  26. I use Gumroad to process payments for The Cargo Ship Diaries, the Cheap Flight Checklist and The Rabble Rouser’s Guide To Travel.
  27. Lost the old one in Japan somewhere.
  28. I use Dreamhost for all my domain registrations and web hosting. Use my link and you’ll get $25 off shared hosting over there and I’ll even help you get set up :-)
  29. Started using this to help with outreach and link building for Not sure yet if it’s worth it.
  30. I had some trivia questions and gave away four prizes: an apple, a packet of Malteasers, a jar of peanut butter, and a box of teabags. Fancy, I know.
  31. Some freelance clients pay me via TransferWise and I lose a bit in the transfer. Still way better than PayPal though.
  32. 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.
  33. Myself and my VA’s use this to queue and schedule social media posts.
  34. I use this for hosting podcast episodes, among other things.
  35. This is for a year of storage so i can keep a bunch of stuff backed up in the cloud.
  36. I gets real romantic sometimes.
  37. Yup, I donated to my own thing.
  38. Recurring donation to show support for one of my favorite Irish people and his new podcast. We need more people like Ruairi getting their voices heard.
  39. Via Patreon, I donate $1 per episode of this podcast because I reckon it does a lot of good in the world and we need more like it.
  40. Needed to offload my spare change before leaving Japan.
  41. You can buy cookies to feed to the deer in Nara Park in Japan. Tis nice.
  42. You can see all my book recommendations and what I’m currently reading over on Goodreads.
  43. A solid, concise book on attraction for men. A friend wrote it and I bought a copy to support his work.
  44. Regretted this. Fascinating to see the birds so close but they’re essentially tied up for human amusement.
  45. We got a little addicted to Mario Kart :-P
  46. Finished watching Dexter. Man that ending sucked.
  47. 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.


  1. Leanne

    Have you thought of using Mediavine instead of Google AdSense? I haven’t used either of them yet (mostly because I haven’t gained enough traffic for that kind of thing yet). I hear Mediavine pays more for the ads used and goes by a different algorithm or something like that. What do you think?

    • Niall Doherty

      Hey Leanne,

      I actually just heard of Mediavine yesterday. Sounds like they’re a much better option than Google AdSense. However, I make all my AdSense income via ads on my YouTube videos, not from ads here on my site. So I don’t think Mediavine can help me there. I see they have video players that let you host videos on your own site but that wouldn’t have the SEO benefits of YouTube so I’d get far less views.

  2. MR

    Grabbed a copy of The Primal Spark, it’s a good summary of what keeps dating interesting for sure.

  3. VAGABOND Elmer

    Thanks for sharing with the community! Your transparency helps us all with keeping it real for the rest of us. As I vagabond throughout It helps me particularly in assessing the different places that you visit.


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