BONUS: Income Report October 2017
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 9 November 2017
⏱️ 42 minutes
🧾️ Download transcript
Summary
Visit EOFire.com/income50 for full income report
October 2017 Income At-A-Glance
Gross Income for October: $218,762
Total Expenses for October: $56,827
Total Net Profit for October: $161,935
Difference b/t October & September: -$579
Transcript
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| 0:00.0 | What's shaking fire nation J L D here and welcome to the October 2017 income |
| 0:10.2 | reports. We have quite a doozy of a report lined up for you today. Just a set |
| 0:17.1 | the scene because I'll tell you this is the life of a location independent |
| 0:21.0 | entrepreneur. Right now myself and Kate are in London. We are sitting on the couch |
| 0:27.7 | at our Airbnb that we're staying at. It's a beautiful spot, beautiful location, |
| 0:32.6 | and we're recording this income report. And so no, it's not going to be the best |
| 0:37.0 | audio quality you've ever heard. We're not in our studios back in Puerto Rico right |
| 0:41.0 | now, but it's going to be good. And the income report is going to be great. We had a |
| 0:46.6 | really interesting month in October. We're going to be going through a lot of those things. |
| 0:50.6 | And we're going to be dropping a lot of value bombs along the way. So just to notes, |
| 0:56.3 | location independence is something that we prioritize and we are proving that to you right |
| 1:01.0 | now by delivering this incredible income report from the couch in London, you okay. So |
| 1:08.3 | also gross income for October of 2017. It was $218,000. Our expenses were a little bit over 56K |
| 1:17.0 | for a total net profit of $161,935. What's pretty shocking here is the difference between |
| 1:25.7 | October and September was $579 total. That was the difference. We were just under September's |
| 1:32.4 | income by $579, which I haven't done the math yet, but it's around 0.01%. So that's just crazy. |
| 1:39.6 | How close these two months were net profit wise. And again, we just have a lot of fun things to |
| 1:45.2 | talk about today because we've been doing a lot of fun things in October and our November |
| 1:49.3 | income report will reflect this as well. Our incredible travel throughout New Zealand, Australia, |
| 1:55.6 | now the UK and so on and so forth. But before we dive into any of that, I'm going to pass it over |
| 2:03.0 | to Josh Bayerley. He is our CPA on fire and he has an incredible monthly tax tip for you. So Josh, |
| 2:12.8 | take it away, brother. All right, John, if you're anything like me, anytime you're at the grocery store, |
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