December 2017 Finance Report

Everything I earned and spent in Morocco, Western Sahara, Gran Canaria, and Ireland

Below you’ll find all my finance details for December 2017.

I was staying in Taghazout, Morocco until December 17th, then spent a night in Laayoune, Western Sahara before heading back to Gran Canaria. I also snuck home to Ireland for a week through Christmas.


December 2017 income graph


Total Income€ 5,439$ 6,526
Total Expenses€ 2,836$ 3,403
Profit/Loss€ 2,603$ 3,123

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.

Freelance web development 1€ 2,817$ 3,380
3M1K 2€ 1,366$ 1,639
Authority Hacker Pro affiliate payment 3€ 823$ 987
Aweber affiliate payment 4€ 165$ 198
Elegant Themes affiliate payment 5€ 104$ 125
The Rabble-Rouser’s Guide To Travel 6€ 43$ 51
Coaching / Consulting 7€ 42$ 50
Cheap Flight Checklist 8€ 31$ 37
Book sales (via Amazon) 9€ 19$ 23
Book sales (via 10€ 11$ 13
Patreon 11€ 11$ 13
Coinbase bonuses 12€ 8$ 10
Total Income€ 5,439
$ 6,526
Last Month€ 3,012$ 3,505

I predicted $5000 income in December if all went well, and managed to pull in $1.5k more than that 🙂


December 2017 expenses graph

Food & Drink

Eating out€ 236$ 283
Groceries€ 153$ 184
13 Total€ 389
$ 467
Last Month€ 370$ 431

Housing & Utilities

17 nights at shared apartment in Las Palmas 14€ 450$ 540
3 weeks at Tazrzit Urlaub guesthouse in Taghazout, Morocco 15€ 358$ 430
1 month at private apartment in Bansko, Bulgaria (for January/February) 16€ 257$ 308
1 night at San Mao Sahara, Laayoune 17€ 22$ 26
Total€ 1,087$ 1,304
Last Month€ 1,002$ 1,166

Health Care

Ibuprofen€ 3$ 4
IMG Global Health Insurance 18 € 0$ 0
Total€ 3 $ 4
Last Month€ 0$ 0

Travel & Transport

Taxis in Gran Canaria 19€ 48$ 58
Train: Dublin to Waterford€ 32$ 38
Train: Kilkenny to Dublin€ 26$ 31
Taxi: Taghazout to Agadir airport€ 18$ 22
Buses in Gran Canaria€ 6$ 7
Taxis in Laayoune€ 2$ 2
Total € 132 $ 158
Last Month€ 282$ 329

Business Expenses

Facebook ads 20€ 194$ 233
17 days coworking in Las Palmas 21€ 150$ 180
Phone credit 22€ 99$ 119
3M1K affiliate payments 23€ 82$ 98
PayPal fees 24€ 70$ 84
TransferWise fees 25€ 61$ 73
Domain renewals 26€ 43$ 52
Chatroll 27€ 16$ 19
Gumroad fees 28€ 10$ 12
Virtual Post Mail 29€ 8$ 10
Patreon fees 30€ 2$ 2
Amazon Web Services (storage) 31€ 2$ 2
ActiveCampaign mailing list software32€ 0$ 0
Dreamhost web hosting33€ 0$ 0
Elegant Themes subscription 34€ 0$ 0
Google Drive storage (1TB) 35€ 0$ 0
MemberMouse 36€ 0$ 0
Teamwork project management software 37€ 0$ 0
Total€ 737$ 884
Last Month€ 630$ 733

Gifts & Donations

Christmas gifts€ 202$ 242
Donation to support Helena Harney’s work in Bolivia 38€ 127$ 152
Flowers 39€ 22$ 26
Mobile top-up for a friend€ 6$ 7
Monthly Love & Courage podcast donation 40€ 5$ 6
Waking Up podcast donation 41€ 4$ 5
Donation to buskers in Cork€ 2$ 2
Donation box at Laayoune airport€ 1$ 1
Total€ 369$ 443
Last Month€ 44$ 52

Books 42

The Prosperous Coach 43 *****€ 29$ 35
Magellan: Conqueror of the Seas 44€ 8$ 10
Ask The Dust 45 ****€ 6$ 7
Tribe 46 ****€ 2$ 2
Total€ 45$ 54
Last Month€ 0$ 0


Total€ 0 $ 0
Last Month€ 0$ 0

Miscellaneous Expenses

Toiletries€ 23$ 28
Coinbase fees 47€ 20$ 24
Netflix subscription€ 11$ 13
Irish bank quarterly fee€ 5$ 6
Laundry€ 5$ 6
Haircut 48€ 4$ 5
Earplugs€ 3$ 4
PayPal fees (personal) 49€ 2$ 2
Monthly banking fee (Dutch bank)€ 1$ 2
Total€ 74$ 89
Last Month€ 74$ 87

Expense Summary

Housing & Utilities€ 1,087$ 1,304
Business Expenses€ 737$ 884
Food & Drink€ 389$ 467
Gifts & Donations€ 369$ 443
Travel & Transport€ 132$ 158
Miscellaneous Expenses€ 74$ 89
Books€ 45$ 54
Health Care€ 3$ 4
Clothing€ 0$ 0
Total Expenses€ 2,836$ 3,403
Last Month€ 2,403$ 2,796

I was aiming to keep everything under €2500 for the month, and I wasn’t far off. Happy overall since I have my accommodation covered until mid-February and I splashed out a little on Christmas shopping.

Biggest Regret?

Nothing I can point to in December. Looking through everything above, I feel satisfied that I spent my money well.

12-Month Snapshot

Here’s how I did 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
Sepetember€ 1,131$ 1,337
October€ 1,099$ 1,279
November€ 609$ 709
December€ 2,603$ 3,123
Total€ 4,311$ 5,111

Where That Leaves Me

I had €10,638/$12,680 to my name at the end of November.

Taking into account all my December 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 €12,805/$15,365. 50

Outlook For January

I have a couple of annual expenses coming my way, and I’ll be spending a little bit on snowboarding equipment rental in Bulgaria, but nothing out of the ordinary other than that. I’ll aim to spend less than €2,500 again.

As for income, I should pull in about €2500 through freelance work, and I’m thinking at least another €1500 through 3M1K. I’ll aim for $5,000 overall.

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 how I’ve earned most of my income for the past seven years. You can see some samples of my work here.
  2. This is my course that teaches people how to start an online freelance business.
  3. This is an excellent program for advanced online business builders that I recommend often. You can see my review of it here.
  4. Aweber is the mailing list software I used to use. Nowadays I use ActiveCampaign for some advanced features, but still recommend Aweber for people starting out.
  5. I use their Divi theme on this very website.
  6. A travel guide I produced with a friend. We split the profits.
  7. I don’t actively promote this service but do take on select clients.
  8. This is a short guide I created with a friend to help people save money and time when booking flights online. We split the profits.
  9. I currently have two books for sale on Amazon:

  10. I sell both of my books via this page as well as on Amazon.
  11. I just recently got set up on Patreon (see my profile here) and have six patrons on there kindly supporting my work by sending me a few bucks each month.
  12. I use Coinbase to buy/manage some cryptocurrency. I referred a couple of friends with this link. Whenever someone I invite buys or sells $100 of digital currency or more, we both get $10 of free bitcoin.
  13. Under €400 is what I usually aim for. I usually eat most meals at home, but ate out quite a bit while in Taghazout.
  14. This is The Roof, via CoworkingC.
  15. Walked into this place and booked it, but it’s also on Use this link to find accommodation there and you’ll get a €15 discount.
  16. Found this place on Airbnb. Use this link to sign up and you’ll get $36 off your first Airbnb booking.
  17. Found on Use this link to find accommodation there and you’ll get a €15 discount.
  18. 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.
  19. A taxi from the airport one evening cost me more than €30, so that accounted for a lot of this expense.
  20. Spent promoting my weekly webinar: How To Earn Your First $100 Online This Weekend
  21. This is at CoworkingC, though their coliving space (The Roof) is so nice that I usually work from there instead.
  22. Spent a lot on this in Taghazout. Was using a 4G connection for Internet since wifi was unreliable.
  23. Whenever a sale of my 3M1K course through a recommendation from someone else, I send the referrer a commission.
  24. Mostly on 3M1K and client payments.
  25. I use TransferWise quite a lot now to send and receive money. From clients, to contractors, etc. Works out way cheaper than PayPal.
  26. Through Dreamhost.
  27. I use this live chat service for my weekly live webinar.
  28. I use Gumroad to process payments for The Cargo Ship Diaries, the Cheap Flight Checklist and The Rabble Rouser’s Guide To Travel.
  29. 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.
  30. This is the cut they take from the money my patrons send to me each month. You can see my Patreon profile here.
  31. I use this for hosting podcast episodes, among other things.
  32. I paid a year up-front for this last February, $419 total.
  33. 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 :-)
  34. I use this for updates to the Divi WordPress theme that powers this website and I paid for a year last March, cost $69.
  35. Remote storage so i can keep a bunch of stuff backed up in the cloud. I paid for a year in advance last July, worked out to $100.
  36. This powers my membership site. I paid for a year up-front last January, $215 total.
  37. I use this to manage my freelance and personal projects. Handy for communicating with clients and contractors and keeping everything organized. I paid for a year up-front last January, $259 total.
  38. I had dinner with this lady and her nephew while in Bolivia a few years ago. Saw they were doing this fund-raiser and decided to chip in.
  39. I gets fierce romantic sometimes.
  40. 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.
  41. 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.
  42. You can see all my book recommendations and what I’m currently reading over on Goodreads.
  43. Must be the most expensive book I’ve ever bought, and well worth it.
  44. About halfway through this currently. Good so far.
  45. Understated yet somehow profound. You’ll like this if you like Bukowski.
  46. Fascinating book, about community and connection and how we’ve lost a lot of that in the modern world.
  47. Got charged a fee for buying litecoin on there. I know there are ways to save on those fees but I’m already set up on Coinbase and would rather pay them a convenience fee than figure out another platform.
  48. Didn’t bring my head shaver with me to Morocco.
  49. Sending money to a friend.
  50. 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. Claudia

    Were the FB ads worth it? Tried to boost a post once and all I got were bot responses.

    • Niall Doherty

      At first they were definitely worth it. I was spending $1-3 per registration for my weekly live webinar. But that number kept going up. The last week I ran the ads it was costing me $11 per registration, so not quite worth it anymore.

  2. Layla

    Hahaha, love the haircut of €4,- ;p

  3. Natalia


    How does the situation with the Tax looks like. Do you pay them and if yes, which country and based on what criteria.

    • Niall Doherty

      Hi Natalia,

      No, I don’t pay taxes. No personal tax because I don’t stay in any country for more than 6 months a year. And no business tax because I have my business registered in the USA. And as a one-person LLC there, the tax burden is passed to the individual. So I’m clear on both counts.

  4. Crystal

    I like seeing all of those positive numbers through the year. You’re doing great, Niall! Keep up the great work.


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