Hey there Profiteers! Welcome to my monthly income report for November 2018. We are almost at year end! I hope you had a great holiday season and are getting ready for a super profitable 2019. Let’s dive in a take a look back at how my November came together, a peak toward year-end results, and a new opportunity to help you maximize your money in 2019.
What’s the deal with these income reports?
Money is a big taboo for many people, which means we rarely talk about things like our savings, investments, and how much we earn from side hustles and projects. One of my biggest goals at this site is to help you reach your financial dreams, and I believe that being open and transparent with my successes – and failures – can help you learn to build your own side hustle and full-time income streams.
Since 2012, I have reported my online and side hustle income on this website every single month! Check out my online income tracker and click through to the monthly updates to see a breakdown every month from $739 online in January 2012 to my first $10,000+ month in October 2016 to my current six-figure income, which I earn from the comfort of my home office. Only eight years of hard work and I was an overnight success! But using what I learned the hard way, I hope to help you do the same far faster.
This blog started as a little side hustle project back in 2008, and it completely changed my life! Thanks to my online business that started right here, I now make more money than ever before, work fewer hours, have full control over my schedule, and love my entrepreneur lifestyle. If that sounds like something you would enjoy, follow along with my income reports each month, along with my free Personal Profitability Bootcamp, subscribe for free to the podcast in your favorite podcasting app, subscribe (and click the bell) to catch regular videos on YouTube, and grab some other goodies along the way.
In-depth guides for new readers:
- Complete Beginner Guide to Budgeting
- Complete Beginner Guide to Credit
- Complete Beginner Guide to the Stock Market
- Complete Beginner Guide to Freelancing
- Complete Beginner Guide to Travel Hacking
- 137 Side Hustle Ideas
Update from Profitability HQ
November kept up a trend of being both very busy and very productive. December is looking to be a little bit lighter than the recent trend, mostly thanks to the holidays and more than a week away in Israel with my dad. I actually welcome the breather after three record level months in a row.
Profitability Coaching – Apply Here
I also decided it’s time to take more action on the income diversification front. That’s why I’m launching a new Personal Profitability Coaching service to help you reach your resolutions and other financial goals in the new year.
I am taking on a maximum of 6 new coaching clients per month and this is the first announcement and I’m accepting people on a first-come-first-served basis, so act fast to make sure you’re at the front of the line! The program costs $600 for 3-months and includes 4 one-hour video sessions with me, a weekly email check-in, and unlimited access and questions via email.
Freelancing – Hire Me at EricRosenberg.com
I was feeling the tiredness creep in after a few record months in a row, so I’m glad I took a vacation this month! I only wrote three articles over about a week in Israel. That’s a lot less than my typical 3 per day!
Now I’m revved up and ready for a great new year working with some of the best brands across the finance industry and money media industry.
Mastermind Hunt – Join at MastermindHunt.com
We’ve had over 250 users visit us at Mastermind Hunt, and the list is now growing outside of just the FinCon community. We’ve done some podcast guest spots, free webinars, and more to help promote this growing platform to run mastermind groups. Recently added groups include focuses on coding and development, running an online business, and podcasting.
I attribute a lot of my success to mastermind groups and highly recommend them. Check out the link above to get started. Maybe you’ll found your own side hustle or money makeover mastermind?
Community Sharer – Join at Community Sharer
My solo app had some big progress last month. It was approved by Facebook for posting to pages. It joins Twitter as two automated sharing options. I built this tool with outsourced developers in India to solve a problem I had in my own business. I wanted to automatically share my own writing from a list of client sites and wanted to better curate what I share in my social media channels.
If either of those sounds good to you, check out Community Sharer at the link above to learn more about how it works. I’m already using it myself!
Side Hustle and Online Income Report
Welcome to my 83rd monthly income report! You can view income reports starting with 2012 here. I’m 11 for 11 so far this year hitting my $10,000+ per month revenue goal and it looks like I’m on track to break $10,000 in average monthly profit for 2018! We will find out very soon!
NOVEMBER 2018 RESULTS
REVENUE
Personal Profitability Income – Advertising
- Affiliate Marketing – $21
- Click advertising – $0
- Direct Ad Placements – $0
Freelance Income and Services
- Consulting / Coaching – $0
- Live events – $0
- Speaking fees – $500
- Website support – $0
- Writing Services – $16,202
Side Hustles
- Product Sales – $0
- Flipping – $0
- Premium Plugins – $0
Gross Profit – $16,723
EXPENSES (Does Not Include My Paychecks, Taxes, or Health Insurance)
- Advertising and Promotion – $145
- Bank Charges and Payment Fees – ($69)
- Business Licenses and Permits – $0
- Computer and Internet Expense – $123
- Conference Fees – $0
- Dues and Subscriptions – $100
- Meals & Entertainment – $0
- SG&A – $25
- Outsourced Labor – $175
- Partnerships and projects – $0
- Postage & Shipping – $3
- Professional Services – $0
- Telecom Expense – $110
- Travel – $45
- Total Expenses – $657
Total Revenue $16,723, Total Expenses $657, Profit Before Tax $16,066
Financial Planning and Analysis
This month, I managed to keep expenses fairly low while activating my hustle superpower. While it wasn’t my best revenue month ever, low expenses put November near the top for monthly profit.
I’m going to keep up that hustle, and I’m excited to begin offering you a clear program for one-on-one money and side hustle coaching.
Until next time, stay profitable.
