July 2017 Finance Report

Everything I earned and spent in Moscow, Istanbul, Chiang Mai & Japan

Konnichiwa from Japan!

Here be all my finances for July.

I spent the first 6 days of the month in Moscow, then 5 days in Istanbul, a couple of weeks in Chaing Mai, Thailand, and I finished it out traveling around Japan.


July 2017 income graph


Total Income€ 3,170
$ 3,743
Total Expenses€ 3,336
$ 3,939
Profit/Loss€ 166
$ 196

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€ 2,522$ 2,978
Authority Hacker Pro affiliate payment 2€ 343$ 405
Aweber affiliate payment 3€ 167$ 197
Client Finder Blueprint 4€ 43$ 51
Book sales (via Amazon) 5€ 38$ 45
Gifts and donations 6€ 30$ 35
Cheap Flight Checklist 7€ 27$ 32
Total Income€ 3,170
$ 3,743
Last Month€ 4,204$ 4,804

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.


July 2017 expenses

Food & Drink

Eating out€ 429$ 507
Groceries€ 160$ 189
8 Total
€ 589
$ 695
Last Month€ 369$ 422

Housing & Utilities

1 month studio apartment rental in Chiang Mai 9€ 160$ 189
3 Nights At Hostel & Gallery G Is Good in Nara, Japan 10€ 137$ 162
2 Nights At Koehouse Kawaguchiko, Japan 11€ 129$ 152
2 Nights At Tokyo Toneri Garden House-Stay 12€ 112$ 132
Total€ 538
$ 635
Last Month€ 893$ 1,020

Health Care

IMG Global Health Insurance 13
€ 0$ 0
Total€ 0
$ 0
Last Month€ 0$ 0

Travel & Transport

Russian business visa 14€ 523$ 618
Japan Rail Pass (1 week) 15€ 224$ 264
Flights: Chiang Mai (CNX) to Tokyo (NRT) via Bangkok (DMK) 16€ 210$ 248
12 days scooter rental in Chiang Mai€ 62$ 73
Flight: Amsterdam (AMS) to Dublin (DUB) 17€ 52$ 61
Cabeau Evolution Memory Foam Travel Pillow 18€ 37$ 44
Airport taxis in Istanbul€ 34$ 40
Bus: Tokyo to Kawaguchikoeki (round trip)€ 28$ 33
Taxis in Istanbul€ 24$ 28
Airport taxi in Moscow€ 22$ 26
Bicycle rental in Moscow 19€ 14$ 17
Train: Tokyo NRT airport to Tokyo Station€ 10$ 12
Taxis in Kyoto€ 8$ 9
Ubers in Chiang Mai€ 6$ 7
Tenjo-zan cable car in Japan (round trip)€ 6$ 7
Train: Kawaguchiko to Shioyoshida (round trip)€ 5$ 6
Buses in Kyoto€ 5$ 6
Airport taxi in Chiang Mai€ 5$ 6
Airport tuk tuk in Chiang Mai€ 5$ 6
Uber in Istanbul€ 4$ 5
Scooter fuel in Chiang Mai€ 2$ 2
Trains in Kyoto€ 2$ 2
Ubers in Moscow 20€ 2$ 2
Flight: Tokyo (NRT) to Amsterdam (AMS) via New Delhi (DEL) 21€ 0$ 0
Total € 1,290
$ 1,523
Last Month€ 163$ 186

Business Expenses

Outsourcing 22€ 261$ 308
Google Drive storage (1TB) 23€ 85$ 100
PayPal fees 24€ 62$ 73
Rev.com transcription 25€ 47$ 55
3M1K affiliate payment 26€ 42$ 49
Istanbul SIM card (Vodafone) 27€ 27$ 32
BuzzStream 28€ 20$ 24
Thailand SIM card (True Move)€ 15$ 18
Dreamhost domains 29€ 11$ 13
Winning proposal sample for 3M1K 30€ 9$ 10
Virtual Post Mail 31€ 9$ 10
Buffer 32€ 8$ 10
Gumroad fees 33€ 4$ 5
Amazon Web Services (storage) 34€ 2$ 2
Total€ 601
$ 710
Last Month€ 897$ 1,024

Gifts & Donations

Flowers 35€ 33$ 39
Monthly Love & Courage podcast donation 36€ 10$ 12
Waking Up podcast donation 37€ 4$ 5
Deer cookies 38€ 4$ 4
Birthday candles 39€ 1$ 1
Total€ 52
$ 61
Last Month€ 37$ 42

Books 40

Homo Deus 41 ****€ 4$ 5
Scientific Advertising 42€ 1$ 1
Total€ 5
$ 6
Last Month€ 49$ 56


Plastic rain coat 43€ 1$ 1
Total€ 1
$ 1
Last Month€ 0$ 0

Miscellaneous Expenses

1 month fight training at Chiang Mai Fight Fit 44€ 160$ 189
Hagia Sophia entry in Istanbul (x2) 45€ 19$ 22
Toiletries€ 18$ 21
Nara arcade games 46€ 15$ 18
Galata Tower entry in Istanbul (x2) 47€ 12$ 14
Istanbul boat party (x2) 48€ 12$ 14
Netflix subscription 49€ 10$ 12
Laundry€ 4$ 5
Shoe shine in Istanbul 50€ 4$ 5
Kyoto arcade games 51€ 2$ 2
Monthly banking fee (Dutch bank)€ 1$ 2
Currency exchange fee€ 1$ 1
Public toilets€ 1$ 1
iPhone cable 52€ 1$ 1
Total€ 260
$ 307
Last Month€ 79$ 89

Expense Summary

Travel & Transport€ 1,290$ 1,523
Business Expenses€ 601$ 710
Food & Drink€ 589$ 695
Housing & Utilities€ 538$ 635
Miscellaneous Expenses€ 260$ 307
Gifts & Donations€ 52$ 61
Books€ 5$ 6
Clothing€ 1$ 1
Health Care€ 0$ 0
Total Expenses€ 3,336
$ 3,939
Last Month€ 2,449$ 2,798

I predicted $3,025 for July expenses so I was way over. The Russian business visa was the biggest expense I failed to predict.

Biggest Regret?

A few things bugged me:

  • Getting scammed by that shoe shine guy in Istanbul. I should have been more assertive with him.
  • The home-stay place in Tokyo wasn’t great. Nice hosts, but not at all central and little privacy.
  • The travel pillow I bought has failed to impress so far.
  • The Vodafone SIM card I bought in Istanbul was too expensive. Should have went with a local carrier.

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
Total€ 46$ 75

Where That Leaves Me

I had €9,388/$10,728 to my name at the end of June.

Taking into account all my June 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 €9,502/$11,220. 53

Outlook For August

I spent time in four countries in July, and it looks like I’ll be in four countries again in August. I have a few more days in Japan, then off to Amsterdam for a bit, back to Ireland for a couple of weeks, and I’ll likely finish out the month in Moscow (assuming my business visa comes through okay).

All that traveling won’t be as expensive as it sounds since I’ll mostly have free accommodation in Amsterdam/Ireland/Moscow thanks to friends/family/girlfriend.

Only flight I still need to arrange is from Ireland to Moscow at the end of the month.

I figure I should be able to keep expenses a good bit lower than I did in July so I’ll aim for $2500 again.

As for income, I should pull in at least $2000 from 3M1K again, and I have a few hundred due from other products (mainly this travel guide that I launched recently).

Freelance income was zero in July because I was traveling and focusing on products, and it won’t be much different in August.

All that considered, I’ll aim for $3,000 again.

Taking into account that I usually underestimate income by 10% and expenses by 21%, my final predictions for August should be $3,300 for income and $3,025 for expenses.

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. See my review of Authority Hacker Pro here.
  3. 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.
  4. This is a sub-course of 3M1K that helps freelancers find more and better-paying clients.
  5. I currently have two books for sale on Amazon:

  6. I answered some business-related questions for a reader via email and he kindly sent me a $35 donation :-)
  7. This is a short guide I released earlier this year. I produced it with a partner so I only receive part of the profits.
  8. Under €400 is what I usually aim for. Ate out quite a lot though in Istanbul and Japan and often treaded my girlfriend to dinner.
  9. I only stayed 12 nights but had to pay the monthly price, which was still quite cheap, especially for such a nice room. Got this accommodation through Chiang Mai Fight Fit.
  10. We had an entire room to ourselves here. Found on Booking.com. Use this link to find accommodation there and you’ll get a €15 discount.
  11. Found on Airbnb. Use this link to sign up and you’ll get $37 off your first Airbnb booking.
  12. Found on Booking.com. Use this link to find accommodation there and you’ll get a €15 discount.
  13. 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.
  14. Having this arranged in advance by VisaWorld.ie so I can pick it up once I’m back in Ireland soon. I’ve gotten a Russian tourist visa with them before. A business visa allows multiple entry and is good for six months out of twelve.
  15. Bought this in Thailand. It’s quite pricey, but still cheaper than buying one round-trip ticket from Tokyo to Kyoto.
  16. Could have gotten a similar flight for free via credit card points but wouldn’t have been as convenient so decided to save the points and pay for this one. Used the process in my Cheap Flight Checklist to find the flight.
  17. Also worked out cheaper to buy this rather than using my credit card points. Plus, I had a €50 Aer Lingus voucher that I put towards it.
  18. A friend raved about this so I decided to give it a try. Can’t say I’m in love with it. Better than nothing, but not sure it’s much better than a $10 travel pillow.
  19. There’s a great stretch of public park along by the river in Moscow, loads of people on roller blades, skateboards and bicycles for about 15 kilometers.
  20. Turns out Uber is super-cheap here in Moscow and way faster than taking public transport. Use my link to sign up for Uber and get your first ride free (should work worldwide).
  21. Taking this trip at the beginning of August. Booked for free via points on my Chase Sapphire Reserve card, saving me $585.20. If you want to find cheap flights, use my Cheap Flight Checklist.
  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. This is for a year of storage so i can keep a bunch of stuff backed up in the cloud.
  24. Mostly on 3M1K payments.
  25. Used this service to create a transcription of my interview with travel blogger Janet Newenham. Wanted to see if that would help with SEO.
  26. When someone refers a new student to my 3M1K course, I pay them $49 :-)
  27. In hindsight, this was a total rip off. Only used it for five days. There were probably cheaper options at the airport but I went right to the first one I saw.
  28. Started using this to help with outreach and link building for ndoherty.com. Not sure yet if it’s worth it.
  29. 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 :-)
  30. We have a Pitch Vault in 3M1K showcasing some great winning pitches. I sometimes bribe students so they’ll share their best pitches with me :-)
  31. 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.
  32. Myself and my VA’s use this to queue and schedule social media posts.
  33. I use Gumroad to process payments for The Cargo Ship Diaries and the Cheap Flight Checklist.
  34. I use this for hosting podcast episodes, among other things.
  35. I gets real romantic sometimes.
  36. Set up this 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.
  37. 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.
  38. You can buy cookies to feed to the deer in Nara Park in Japan. Tis nice.
  39. It was my girlfriend’s birthday while in Istanbul.
  40. You can see all my book recommendations and what I’m currently reading over on Goodreads.
  41. Mind-blowing stuff!
  42. Just started this one, so no rating.
  43. Bought this after getting drenched riding my scooter in Chiang Mai.
  44. I was only there for 12 days but had to purchase a monthly plan. Still good value though. I’d happily go back to this place again.
  45. Beautiful building, but it’s a bit of a stretch to say it’s a museum now.
  46. We got a little addicted to Mario Kart :-P
  47. Nice but crowded.
  48. A friend invited us to this :-)
  49. Currently watching: Dexter, Peep Show, plus random movies.
  50. This was the scam I mentioned in my July 8 momento.
  51. Drums this time.
  52. Old one crapped out.
  53. 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. Joe

    Was Homo Deus better than Sapiens? I started Sapiens but after listening to the author on Russel Brand’s podcast it started to sound too familiar and I gave up!

    What about the cake the candles went on? 😉

    • Niall Doherty

      I haven’t read Sapiens yet. I grabbed Homo Deus because they were offering it real cheap for a few days on Amazon.

      As for the cake, there are photos of that, but not for the blog 🙂


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