Income Report for August 2024

Entrepreneurs on Fire

John Lee Dumas

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4.8 • 4.1K Ratings

🗓️ 22 September 2024

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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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/income132, and IGNITE!

August 2024 Income At-A-Glance

Gross Income for August: $143,642

Total Expenses for August: $9,584

Total Net Profit for August: $134,058

Difference b/t August & July: -$24,306

Percentage of net profit to overall gross revenue: 93 percent

Transcript

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0:00.0	Boom Shake the Room Fire Nation, JLD here and guess what?
0:05.7	We are back for another income report.
0:08.2	This is August of 2024 and again this is going to be our second in a row of just a laid back, casual income report.
0:17.4	It's just going to be a little extra bonus, a little extra double coming at you because we've
0:22.2	been traveling since July 27th.
0:24.6	We don't actually return to Puerto Rico until October 12th.
0:29.8	So the next income report will be in the more traditional side of things, but until then we're just
0:34.6	having some fun.
0:35.8	In our August 2024 income at a glance, the gross income for August was $143,642. Our total expenses were $9,584 for a total net profit of $134,058,
0:51.0	which was a $24,000 decrease from July, but still a solid month with our percentage of net profit.
0:58.0	Overall gross revenue of a cool 93%. We have some really fun things to talk about today. I'll be talking about the
1:06.6	interview of the month. We're talking about our time in Maine. Kate as always has
1:11.8	some value bombs that she'll be dropping.
1:13.4	But first, we're going to be talking to Mr. CPA on fire himself, Ron.
1:18.1	He is going to be breaking down understanding tax deadlines and extensions.
1:24.1	These are things Fire Nation that you want to know
1:27.4	because penalties can come for not understanding these deadlines
1:31.7	and properly using extensions.
1:34.1	So Ron, stay with up to Fire Nation and take it away.
1:37.8	Hello, John and hello Fire Nation.
1:41.4	This is Ron Perise with CPA on Fire for your August 2024 tax and
1:46.8	accounting tip. Hey Fire Nation, great to be back with you. I know some of you out there may have not filed your 2023 tax returns
	...

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