Every month I detail my financials. For a month-by-month view, you can see the full spreadsheet here. Here is my self-employed life financial statement for January 2019:
Income: $3,987
I started a tiny consulting project working with two friends in the US and got paid half of the $7,500 fee up front. I also made a small amount of money from other digital activities.
- Consulting Fees: $3,750
- Gifts: $25
- Coaching Gifts: $50
- Teaching: $0
- Patreon: $52
- Courses: $0
- Digital Products: $10
- Udemty/Medium/Amazon Fees: $75
Personal Cost Of Living: $1,429
I moved to Canggu in Bali, Indonesia on January 13th via a flight booked via miles (but still $120 in fees) and am renting a monthly apartment at the Canggu Village Accommodations. It’s a bit nicer than I’d go for, but I’ve joined a couple of friends in the location and got a relatively good deal at a $497 monthly rate as the place had just opened up.
Costs are pretty cheap. Here are some specifics:
- Monthly rental rate: $497
- Monthly motorbike rental: 850k IDR or $61
- Nasi Goreng Meal: about $2
- Fruit Smoothie $2
- Room & Board: $232
- Food, Shopping, Misc.: $753
- Health Insurance: $99
- Travel, Trips & Transport: $345
Business Expenses: $228
- Coworking: $50
- Calendly: $8
- Podcast Costs: $12
- Quickbooks: $19
- Teachable: $33
- Video (Zoom): $16
- Website Costs: $38
- Cell Phone Costs: $25
- Digital Ads: $78 (mostly failed with limited learning)
- Annual LLC Fees (Monthly Cost): $42
Self-Employment Taxes: $606*
*I pay these quarterly, but the rate is 15.3% of income
