February 2019 Self-Employed Financial Statement

Every month I detail my financials. For a month-by-month view, you can see the full spreadsheet. Here is my self-employed life financial statement for February 2019:

Income: $345

This month I started to see a bit of traction on a number of different digital products, including selling my first two consulting template packs after installing them as a product on StrategyU and also starting to sell Think Like A Strategy Consultant again. Also, since switching to Substack, I’ve added a few more paying monthly subscribers.

Consulting Fees: $0
Coaching Gifts: $120
Teaching: $0
Patreon: $64
Substack: $16
Courses: $67
Digital Products: $68
Udemty/Medium/Amazon Fees: $20

Personal Cost Of Living: $1,493

I stayed most of the month in Bali again. My housing costs were a bit higher as a deal I had negotiated went up in price. If I were to stay in Bali longer-term, I believe I could probably get housing under $400 a month quite easily.

Room & Board: $618
Food, Shopping, Misc.: $710
Health Insurance: $99
Travel, Trips & Transport: $66

I also used points to book a flight back to Taipei and pay for a round trip ticket for my partner to visit for two weeks as well!

Business Expenses: $1,192

Coworking: $33
Calendly: $8
Podcast Costs: $0 (I switched to Anchor: read more here)
Contract Labor: $1000 (a new partner I’m working with for StrategyU.co)
Quickbooks: $19
Teachable: $33
Video (Zoom): $16
Cell Phone Costs: $25
Annual LLC Fees (Monthly Cost): $42

Self-Employment Taxes: $53*

*I pay these quarterly, but the rate is 15.3% of income. Actual final tax bill will vary because, well who can figure that out?