Income Report for June 2019: Podcasters' Paradise Updates, Daily Fire, and More!

Entrepreneurs on Fire

John Lee Dumas

Business, Careers, Entrepreneurship

4.8 • 4.1K Ratings

🗓️ 15 July 2019

⏱️ 34 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/income70, and IGNITE!

June 2019 Income At-A-Glance

Gross Income for June: $353,200

Total Expenses for June: $29,539

Total Net Profit for June: $323,661

Difference b/t June & May: +$181,901

% of net profit to overall gross revenue: 91.6%

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Transcript

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0:00.0	Boom! Shake the room, Fire Nation! JLD here with an entrepreneur's on fire income report
0:12.4	for June of 2019. Fire Nation, we have a lot to talk about today, but really quick, I want
0:19.2	to give you our income at a glance for June. Our gross income was $353,200. Our total expenses
0:28.8	were just under 30K for a net profit of $323,661. Fire Nation, there is a reason for this massive
0:44.0	jump of $181,000 from last month, which actually has a net profit overall increase of 91.6% from last
0:54.0	month, and we will get into that in the meat and potatoes of this income report. So little
0:59.2	teas are there, don't you go away because again, there's a really big specific reason for this
1:06.5	income increase. But first let's thank our sponsors. Shipping and mailing from your desk has never
1:12.8	been simpler than with Send a Pro online from Pitney Bose. Just click Send and Save, you're back
1:19.6	to business in no time. Visit pb.com slash fire for a free 30 day trial plus a free 10 pound scale
1:28.6	to get started. That's pb.com slash fire. Looking for a place you can go where hiring is simple,
1:36.8	fast and smart. That place is zip recruiter. And right now you can try Zippercudr for free at
1:43.8	zip recruiter.com slash fire. That's zip recruiter.com slash fire. Zippercudr, the smartest way to hire.
1:51.8	All right, it's time to dive into the income report. So let's introduce our other people on the
1:57.1	mic. We have Josh from CPA on fire and Kate, who of course is the backbone of entrepreneurs on fire.
2:04.5	So Josh, Kate, how y'all doing today?
2:07.6	Doing well. Oh, it's a fire nation. Love it. You guys, I thought you figured out who's going to
2:12.1	speak first and the past episode. No, we're supporting the clock at exactly the same time.
2:18.5	We're like making as awkward as possible. This is all staying in the income report because that's
2:24.6	awesome. But we have an awesome monthly tax tip from Josh. So Josh, now that Kate's not going to
2:31.6	get in your way, what's going on, brother? Give us a quick update and then dive into your monthly
2:36.0	tax tip. Yeah, no, I mean, my tip this month is wait for whatever your teaser is, replicate it and
	...

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