October 2017 Finance Report

Everything I earned and spent in Gran Canaria

Here be all my finances for October, 2017.

I spent the entire month on the island of Gran Canaria, mostly in the capital city of Las Palmas.


October 2017 income chart


Total Income€ 3,544
$ 4,124
Total Expenses€ 2,445
$ 2,845
Profit/Loss€ 1,099
$ 1,279

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€ 1,571$ 1,828
Freelance web development 2€ 1,185$ 1,379
Authority Hacker Pro affiliate payment 3€ 514$ 598
Coaching / Consulting 4€ 172$ 200
Waternet NL 5€ 31$ 36
Book sales (via Amazon) 6€ 20$ 23
Cheap Flight Checklist 7€ 16$ 18
Bitcoin donation 8€ 11$ 13
Patreon 9€ 11$ 13
The Rabble-Rouser’s Guide To Travel 10€ 9$ 10
Book sales (via ndoherty.com) 11€ 4$ 5
Total Income€ 3,544
$ 4,124
Last Month€ 2,089$ 2,469

Bounced back nicely from my lowest income month of the year.

I predicted no more than $3000 income in October, but 3M1K did pretty good, that unexpected affiliate payment came through, and the coaching gig fell into my lap.


October 2017 expenses chart

Food & Drink

Eating out€ 160$ 186
Groceries€ 251$ 292
12 Total
$ 478
Last Month€ 394$ 466

Housing & Utilities

5 Nights at Taghazout, Morocco apartment 13€ 103$ 120
Cleaner 14€ 35$ 41
Total€ 138
$ 161
Last Month€ 700$ 827

Health Care

IMG Global Health Insurance 15
€ 0$ 0
Total€ 0
$ 0
Last Month€ 0$ 0

Travel & Transport

3-day car rental in Gran Canaria 16€ 153$ 178
Flight: Cork (ORK) to London (STN) 17€ 100$ 116
Flight: Las Palmas (LPA) to Cork (ORK) 18€ 85$ 99
Fuel for Gran Canaria rental car€ 66$ 77
Flight: London (STN) to Las Palmas (LPA) 19€ 65$ 76
Flight: Agadir (AGA) to El Aaiún (EUN) 20€ 47$ 55
Flight: Las Palmas (LPA) to Barcelona (BCN) 21€ 46$ 54
Flight: Barcelona (BCN) to Nice (NCE) 22€ 46$ 54
Flight: El Aaiún (EUN) to Las Palmas (LPA) 23€ 35$ 41
Train: Nice to Marseille 24€ 34$ 40
Flight: Marseille (MRS) to Marrakesh (MRK) 25€ 27$ 31
Parking for rental car in Gran Canaria€ 13$ 15
Taxis in Las Palmas€ 7$ 8
Total € 724
$ 843
Last Month€ 944$ 1,116

Business Expenses

Outsourcing 26€ 468$ 544
Mental Mastery 27€ 255$ 297
PayPal fees 28€ 65$ 76
3M1K affiliate payment 29€ 42$ 49
Chatroll 30€ 16$ 19
Phone credit 31€ 12$ 13
Facebook ads 32€ 10$ 12
Virtual Post Mail 33€ 9$ 10
Buffer 34€ 9$ 10
Gumroad fees 35€ 5$ 6
Amazon Web Services (storage) 36€ 3$ 3
ActiveCampaign mailing list software37€ 0$ 0
Dreamhost 38€ 0$ 0
Elegant Themes subscription 39€ 0$ 0
Google Drive storage (1TB) 40€ 0$ 0
MemberMouse 41€ 0$ 0
Teamwork project management software 42€ 0$ 0
Total€ 893
$ 1,039
Last Month€ 1,085$ 1,283

Gifts & Donations

Flowers 43€ 21$ 24
Comedy benefit show for Puerto Rico 44€ 10$ 12
Monthly Love & Courage podcast donation 45€ 5$ 6
Waking Up podcast donation 46€ 4$ 5
Total€ 40
$ 47
Last Month€ 35$ 41

Books 47

Sapiens 48 ****€ 1$ 1
The Art of Fully Living 49€ 0$ 0
Smart DIY Investor 50€ 0$ 0
Total€ 1
$ 1
Last Month€ 11$ 13


Navy dress shorts€ 35$ 41
Light blue dress shorts€ 25$ 29
Black sports shorts€ 22$ 26
Brown dress shorts€ 18$ 21
Light brown t-shirt€ 6$ 7
Green t-shirt€ 6$ 7
Total€ 112
$ 130
Last Month€ 0$ 0

Miscellaneous Expenses

Stock market loss (BTSC) 51€ 66$ 77
Acroyoga class (x2) 52€ 24$ 28
Toiletries€ 14$ 16
Netflix subscription€ 10$ 12
Electric mosquito repellent 53€ 5$ 6
Grocery delivery€ 4$ 4
Patreon fees 54€ 2$ 2
Monthly banking fee (Dutch bank)€ 1$ 2
Total€ 126
$ 147
Last Month€ 50$ 59

Expense Summary

Business Expenses€ 893$ 1,039
Travel & Transport€ 724$ 843
Food & Drink€ 411$ 478
Housing & Utilities€ 138$ 161
Miscellaneous Expenses€ 126$ 147
Clothing€ 112$ 130
Gifts & Donations€ 40$ 47
Books€ 1$ 1
Health Care€ 0$ 0
Total Expenses€ 2,445
$ 2,845
Last Month€ 3,220$ 3,805

I was aiming to keep everything under €2000 for the month, so I was overly optimistic by €445. Buying that Mental Mastery course was the biggest unforseen expense.

Biggest Regret?

I paid €51 per day for a rental car in October, which was strange because in September I paid only about half that price for renting the same type of car from the same company.

The regret is that I didn’t question the guy at the front desk more about the increase. I was tired and there was a language barrier so I just said to hell with it and agreed to pay whatever. That lazy move cost me €75, and annoyed me for the rest of the day.

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
Sepetember€ 1,131$ 1,337
October€ 1,099$ 1,279
Total€ 691$ 935

Where That Leaves Me

I had €9,316/$11,007 to my name at the end of September.

Taking into account all my October 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 €10,719/$12,474. 55

Outlook For November

I have $800+ due from freelance projects, and beyond that, it’s an adventure,

As usual, I’m not sure what to expect with 3M1K. Could bring in $500, could bring in $5000. Hard to predict.

I’ll take a guess of $2500 for income and see what happens.

As for expenses, I have a bit of travel coming up (France and Morocco), and a rent payment for Gran Canaria. Other than that, nothing major expected.

I’ll aim to keep everything under €2000 again.

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. This is how I’ve earned most of my income for the past seven years. You can see some samples of my work here.
  3. This is an excellent program for advanced online business builders that I recommend often. You can see my review of it here.
  4. I don’t actively promote this service but do take on select clients if requested.
  5. This was a mystery deposit into my Dutch bank account. I assume it’s a mistake, but I’m not going to go chasing them to fix it ;-)
  6. I currently have two books for sale on Amazon:

  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. An attendee of my weekly webinar enjoyed it so much that he sent me some bitcoin to say thanks :-)
  9. I just recently got set up on Patreon (see my profile here) and have six patrons on there kindly sending me a few bucks each month.
  10. This is another guide I released earlier this year, also produced with a friend so I only receive part of the profits.
  11. I sell both of my books via this page as well as on Amazon.
  12. Under €400 is what I usually aim for. I tend to eat most meals at home which helps keep the cost down.
  13. Haven’t stayed at this place yet – booked it for November – but found it on Airbnb. Use this link to sign up and you’ll get $37 off your first Airbnb booking.
  14. This is for a weekly cleaning service at The Roof, the coliving place I’m staying at in Gran Canaria. I paid rent for The Roof at the end of September and again at the beginning of November so no rent payment to list this month.
  15. 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.
  16. Booked direct with Orlando Rent A Car. For some reason I couldn’t quite understand with the language barrier (and because I was lazy), they charged me twice as much as last month, and the guy who works there is a nightmare to deal with, so this was the last time I do business with them.
  17. First leg of trip back to Gran Canaria after Christmas.
  18. Trip back to Ireland for Christmas.
  19. Second leg of trip back to Gran Canaria after Christmas.
  20. First leg of trip back to Gran Canaria from Morocco in December.
  21. First leg of trip to France in November.
  22. Second leg of trip to France in November.
  23. Second leg of trip back to Gran Canaria from Morocco in December.
  24. Bought the ticket online, will be using it at the end of November.
  25. This will be my first ever trip to Africa, happening at the end of November :-)
  26. 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.
  27. This is an online course from Ramit Sethi I decided to join. I’ve long admired Ramit’s content and his marketing abilities and wanted to see the inside of one of his courses. This one seemed to be a much lower price point compared to his other courses so I snapped it up.
  28. Mostly on 3M1K payments.
  29. Whenever a sale of my 3M1K course through a recommendation from someone else, I send the referrer a $49 commission.
  30. Signed up for this live chat service to use on my weekly live webinar.
  31. I use the Orange Go Europe SIM card, which allows me to use the same card for calls and data everywhere in Europe.
  32. Spent a little bit to boost this video as it was doing quite well. Got 6,200 additional views and 9 shares for that price.
  33. 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.
  34. Myself and my VA’s use this to queue and schedule social media posts.
  35. I use Gumroad to process payments for The Cargo Ship Diaries, the Cheap Flight Checklist and The Rabble Rouser’s Guide To Travel.
  36. I use this for hosting podcast episodes, among other things.
  37. I paid a year up-front for this back in February, $419 total.
  38. 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 :-)
  39. I use this for updates to the Divi WordPress theme that powers this website and 3M1K.com. I paid for a year in March, cost $69.
  40. Remote storage so i can keep a bunch of stuff backed up in the cloud. I paid for a year in advance back in July, worked out to $100.
  41. This powers my 3M1K.com membership site. I paid for a year up-front in January, $215 total.
  42. 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 in January, $259 total.
  43. I gets fierce romantic sometimes.
  44. This was a fundraiser a friend of mine was doing on Facebook.
  45. 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.
  46. 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.
  47. You can see all my book recommendations and what I’m currently reading over on Goodreads.
  48. I loved Homo Deus so had to read this, too. Just about finished and it’s almost as mind-blowing.
  49. Got it for free through Amazon affiliate credit. Haven’t read it yet.
  50. Got it for free through Amazon affiliate credit. Haven’t read it yet.
  51. Instead of buying bitcoin directly a few months ago, I decided to invest in a company that buys bitcoin. That wasn’t working out too good, so I took the loss and bought the real thing.
  52. Posted a little video from this on Facebook.
  53. Little feckers were keeping me awake at night.
  54. This is the cut they take from the money my patrons send to me each month. You can see my Patreon profile here.
  55. 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. Chad

    Impressive bookkeeping. I wonder what income level would cause you to lose track or no longer find the process worthwhile? $5000/month, $10000/month?

    • Niall Doherty

      Thanks for the comment, Chad.

      I think I’ll always find it worthwhile to track, but perhaps not to publicly report everything. I could imagine if my audience was much bigger that there might be too much scrutiny and criticism. But we’ll see. It’ll be a good problem to have 🙂


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