December 2024 Income Report
Entrepreneurs on Fire
John Lee Dumas
4.8 • 4.1K Ratings
🗓️ 17 January 2025
⏱️ 22 minutes
🧾️ Download transcript
Summary
Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it's not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income136, and IGNITE!
December 2024 Income At-A-Glance
Gross Income for December: $131,587
Total Expenses for December: $12,156
Total Net Profit for December: $119,431
Difference b/t December and November: +$35,348
Percentage of net profit to overall gross revenue: 91 percent
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Transcript
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| 0:00.0 | Boom. Shake the room, Fire Nation. JLD here and welcome to Entrepreneurs on Fire, the only |
| 0:07.8 | daily show in the world interviewing entrepreneurs seven days a week. Here we have our income report |
| 0:14.0 | for December of 2024. It's going to be a great chat with our CPA, Mr. Ron, CPA on fire himself. |
| 0:22.1 | We'll talk about what went down in December with my interview of the month with Seth Godin |
| 0:26.5 | and a pretty big announcement and, oh, so much more. |
| 0:30.3 | As soon as we get back from thanking our sponsors. |
| 0:33.2 | Success Story, hosted by Scott D. Clary, is brought to you by the HubSpot Podcast Network, |
| 0:38.2 | the audio destination for business professionals. Success Story features Q&A sessions with successful |
| 0:43.2 | business leaders, keynote presentations, and conversations on sales, marketing, business, |
| 0:47.8 | startups, and entrepreneurship. A recent episode discussing the billion-dollar health secret |
| 0:52.1 | with the founder and CEO of whoop is a must listen. |
| 0:56.5 | Listen to success story wherever you get your podcasts. |
| 1:00.3 | Fire Nation, you have a book inside you and it's time to share your message with the world. |
| 1:05.5 | That's why I created author 100, a 100 day program where I will personally guide you one-on-one to create, write, |
| 1:12.7 | publish, and market your book. If you want daily guidance and mentorship from me, JLD, then head |
| 1:18.0 | over to author 100.com to sign up for a free call with me to chat about the details. |
| 1:24.9 | All right, Fire Nation, let's kick this off with our gross income for December at $131,587. |
| 1:31.6 | Our total expenses were $12,156 for a net profit for December, 2024 of $119,4131 for an increase of $35,348 from last month. The percentage of net profit overall gross |
| 1:49.5 | revenue is 91%. I love those numbers in the 90s. And Fire Nation, we have a great monthly tax tip |
| 1:57.3 | from Ron and Mr. CPA on fire himself, all about tax changes shaping 2025 and |
| 2:03.9 | beyond. So Ron, take it away. Hello, John, and hello, Fire Nation. This is Ron Parisi |
| 2:10.2 | with CPA on fire for your December 24 tax and accounting tip. Hey, Fire Nation, I thought we would take, here we are in January, |
... |
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