November 2016 Finance Report

Here be all my finances for November. I spent the entire the month living in Puerto de la Cruz, Tenerife.


November 2016 income

Freelance web development 1€ 873$ 927
3M1K 2€ 782$ 831
Affiliate payment: Authority Hacker Pro 3€ 235$ 250
Google Adsense payment 4€ 78$ 83
VAT Refund 5€ 42$ 45
Coaching 6€ 38$ 40
Book sales (via Amazon) 7€ 30$ 32
Book sales (via 8€ 15$ 16
Total Income€ 2,093
$ 2,223
Last Month€ 1,802$ 1,979

I estimated $2k in income and was aiming for $3k, so did okay overall.


November 2016 expenses

Food & Drink

Eating out€ 113$ 120
Groceries€ 222$ 236
9 Total
€ 335
$ 356
Last Month€ 457$ 502

Housing & Utilities

1 month at shared apartment in Las Palmas 10€ 400$ 425
2 weeks apartment sublet in Puerto de la Cruz 11€ 277$ 294
Total€ 677
$ 719
Last Month€ 899$ 987

Health Care

International health insurance (monthly payment) 12€ 101$ 107
Total€ 101
$ 107
Last Month€ 101$ 111

Travel & Transport

Flights: Gran Canaria (LPA) to Cork (ORK) 13€ 150$ 159
Flight: Tenerife (TFN) to Gran Canaria (LPA) 14€ 44$ 47
Bus tickets in Tenerife€ 15$ 16
Taxis in Puerto de la Cruz€ 14$ 15
Total € 223
$ 237
Last Month€ 883$ 970

Business Expenses

Outsourcing 15€ 477$ 507
1 month at CoworkingC, Las Palmas 16€ 150$ 159
ActiveCampaign mailing list software€ 42$ 45
Dreamhost domains€ 34$ 36
Smatree SmaPole Q3 17€ 31$ 33
PayPal fees€ 26$ 28
Teamwork project management software 18€ 23$ 24
MemberMouse 19€ 19$ 20
Phone credit€ 10$ 11
Skype credit€ 9$ 10
Virtual Post Mail 20€ 9$ 10
Gumroad fees 21€ 2$ 2
Google Drive storage (100GB)€ 2$ 2
Amazon Web Services (more storage)€ 1$ 1
Total€ 835
$ 887
Last Month€ 750$ 824

Gifts & Donations

Total€ 0
$ 0
Last Month€ 15$ 16

Books 22

The 22 Immutable Laws Of Marketing **** 23€ 12$ 13
How To Fly For Free 24€ 3$ 3
Total€ 15
$ 16
Last Month€ 36$ 40


Total€ 0
$ 0
Last Month€ 7$ 8

Miscellaneous Expenses

Spanish lessons 25€ 83$ 88
Schwab Trade Fees & Commissions 26€ 25$ 27
Netflix subscription€ 10$ 11
Toiletries€ 6$ 6
Beach lounger rental€ 5$ 5
Kitchen cleaning stuff€ 3$ 3
Monthly banking fee (Dutch bank)€ 1$ 1
Total€ 133
$ 141
Last Month€ 53$ 58

Expense Summary

Business Expenses€ 835$ 837
Housing & Utilities€ 677$ 719
Food & Drink€ 335$ 356
Travel & Transport€ 223$ 237
Miscellaneous Expenses€ 133$ 141
Health Care€ 101$ 107
Books€ 15$ 16
Clothing€ 0$ 0
Gifts & Donations€ 0$ 0
Total Expenses€ 2,319
$ 2,463
Last Month€ 3,201$ 3,515

I was aiming to keep my expenses under $2.5k for the month. Just about made it.


Total Income€ 2,093
$ 2,223
Total Expenses€ 2,319
$ 2,463
Profit/Loss€ 226
$ 240

Biggest Regret?

The Smatree SmaPole Q3. Second time I bought one in four months. I carelessly lost the first one while hiking in Tenerife 🙁

Also, my flights home to Ireland for Christmas. Could have paid much less for them if I’d booked earlier. I was holding off thinking I could book them through the $1,600 worth of free flights I’ve accrued via credit card points, but turns out I can’t book Ryanair flights that way.

Where That Leaves Me

I had €7,343/$8,063 to my name at the end of October.

Taking into account all my November 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 €7,336/$7,792. 27

Outlook For December

Well we’re already almost halfway through December as I’m writing this, so I have a good idea of how things will shake out. I should be able to keep expenses below $2.5k, and beat that same mark on the income front.

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.

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



  1. About what I expected.<br /><br />You can find links and details for my latest web dev projects here.
  2. This is my premium course that teaches people how to start an online freelancing business.
  3. AHP is the premium training course from the guys at Authority Hacker, which I have access to and am happy to recommend because it’s amazing. Check it out if you’re interested in building a money-generating website of your own.
  4. This comes from the ads on my YouTube videos for the past 3 months.
  5. From my now-dormant business in Ireland.
  6. I don’t proactively seek coaching work, but occasionally people reach out and ask for it and I’m happy to oblige.
  7. I currently have two books for sale on Amazon:<ul><li><a href=”” target=”_blank”>The Cargo Ship Diaries</a></li><li><a href=”” target=”_blank”>Disrupting the Rabblement</a></li></ul>
  8. I also sell my <a href=”/books/cargo/” target=”_blank”>Cargo Ship Diaries</a> book direct via this website.
  9. Down a good bit from last month. Under €400 is what I usually aim for. Food prices are fairly average in the Canary Islands. Eating out can be expensive but I buy groceries and prepare most of my own meals.
  10. Coliving arrangement via CoworkingC. I won’t actually be moving in here until mid-December but paid for it in advance.
  11. Got a great offer on a sublet so I took it. You can see a bit of the apartment in this video.
  12. This will be my last month on this plan from VHI in Ireland. In December I’m switching to World Nomads travel insurance. That costs less while still giving me solid coverage.
  13. Flights home to Ireland for Christmas, on Ryanair. Left it a bit late to book them so not all that cheap.
  14. You can take the ferry from Tenerife to Gran Canaria as well but I decided to fly it since it’s faster, the price is about the same, and I have access to the business lounge at the airport :-)
  15. 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.
  16. Having had such a great experience at Coworking in the Sun in Tenerife, I’ve decided to continue doing the coworking thing in Gran Canaria :-)
  17. Smatree-SmaPole-Q3
  18. I use this to manage my freelance and personal projects. Handy for communicating with clients and contractors and keeping everything organized.
  19. Membership software for the 3M1K website.
  20. 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.
  21. I use Gumroad to process payments for my book The Cargo Ship Diaries.
  22. You can see all my book recommendations and what I’m currently reading over on Goodreads. I buy many books via Amazon affiliate credit so you won’t always see my book purchases listed here.
  23. This one was on my to-read list for a while, finally got to it as part of the book club we have running in 3M1K.
  24. Haven’t read this yet, so leaving it unrated.
  25. These lessons are via Averages out to about $9/hour. I found a great teacher in Venezuela and sticking with him for the time being. Aiming to do at least 3 hours of focused speaking practice each week.
  26. I bought stock for the first time. In Tesla.
  27. Note that these totals are never quite right, on account of the different currencies and money constantly moving around between accounts. 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. Karol Gajda

    TSLA! I wish I could invest in Elon Musk the human instead of his company, but oh well. As it is, I bought SCTY (Solar City) ~6 months ago which became TSLA in the acquisition a few weeks ago. But the Trump administration makes me think this isn’t going to go well in the coming years.

    • Niall Doherty

      You may well be right! I’m definitely no expert in trading stocks, and buying stock in TSLA is more of an experiment than anything.

      I do think there’s a good chance they could blow up in 2018 though if the Model 3 launch goes well. The pre-orders for that have been ridiculous. But yeah, the Trump administration could put a big spanner in the works.

  2. Scott

    I love your financial reports, Niall. In aggregate, they show your consistent dedication, one of your strengths that sets you apart from other lifestyle gurus.

    What confuses me is the look of the first two visual, the pie charts. What purpose does the inner circle on both charts serve (one in the first, two in the second)? Why does “Cargo Ship Diaries” not extend to the center of the first chart like the other items? What is the purpose of the second chart having its inner circle be different colors?

    • Niall Doherty

      Hey Scott, sorry for the late reply!

      The inner circles in the graphs represent the categories I have set up in MoneyWiz, which generates the graphs. For example, the blue inner semi-circle on the right side of the expense graph represents all business expenses.

      For the example you pointed to, “Cargo Ship Diaries” and “3M1K” are both categorized in MoneyWiz as “DtR Products,” so they both share the same inner circle.

      Hope that makes sense!

      • Scott

        Thanks for that explanation, Niall. I thought it was an aesthetic choice, but you were actually giving us more info 🙂 Cheers!


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