4.8 • 4.1K Ratings
🗓️ 6 June 2016
⏱️ 41 minutes
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May 2016 Income At-A-Glance
Gross Income for May: $219,248
Total Expenses for May: $66,862
Total Net Profit for May: $152,386
Difference b/t May & April: +$10,549
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| 0:00.0 | What's shaken fire nation J L D here and welcome to May 2016's income report with yours truly John Lee |
| 0:10.2 | Dooms and of course as always I am joined by the great classy Kate Erickson and Josh Barley. What's going on guys? |
| 0:18.5 | You're so sweet John. What's our fire nation? |
| 0:21.2 | I didn't get a sweet of an introduction. I'm so happy to be here. |
| 0:24.1 | You're still on fire, Josh. |
| 0:26.2 | Now fire nation we had a pretty solid May. We're pretty stoked with our gross income which was $219,000. Our expenses were |
| 0:36.3 | $66,000 for a total net profit of |
| 0:39.2 | $152,000 which was a $10,000 increase from the month of April. So we're always excited to be going in that direction |
| 0:47.6 | And we have a lot of cool things to be chatting about with you today as always Josh has a killer tax tip for |
| 0:55.3 | you Kate now I'm going to be doing a little breakdown about our move to Puerto Rico. I'm going to be talking about some traveling I did in some conferences |
| 1:03.8 | I attended we're going to be breaking out our free course that we just created and sharing it with you. So this is a completely new free |
| 1:12.0 | course so stick around for that because you're going to want to check out this free course foe show and then of course we're going to end with our |
| 1:19.4 | biggest lesson learned which is on mindset today which is amazing and I'm excited to fire nation. So thanks for joining us today. |
| 1:28.9 | Now Josh we're going to bring you on because as always you are rocking it with a tax tip and this tax tip is all about your |
| 1:36.0 | Financial foundation which is key. I always talk about building your foundation first so you're not building your |
| 1:42.0 | Castle on sand or that house of cards you know filling any one of those blanks take it away Josh. What do you got for us today? |
| 1:48.9 | Yeah John I'm a little down today after the performance of my Cleveland Cavaliers last night but I'm going to try not to let it affect our taxes. |
| 1:57.3 | So no I mean you kind of mentioned it ahead of time but it's all about foundation today we've all heard the phrase a million times a |
| 2:05.1 | House is only as strong as its foundation and just like with any kind of cliche like that there's a reason that it became a |
| 2:11.0 | cliche because it's true and with taxes it's no different right if you can't get the basics right all these great |
| 2:18.3 | Advanced tips we talk about some of these months all these killer tax savings tips they're not going to matter if you can't get the basics right. |
| 2:25.3 | Right so I know we all love those advanced tips but this month we're going to go back to the basics a little bit and I think we're going to do a two part |
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