Saturday, April 8, 2017

March 2017 Income & Expenses


The amounts below are cash amounts and are net of taxes, insurance, 401k contributions, HSA, etc. In other words, the amounts are what get deposited and withdrawn from my accounts.

Day job (take home pay) --- $10348.73
Dividends/Interest ---  $967.30

Total net income --- $11316.03

Expenses --- $4693.00 (Taken from Mint)

Savings  $6623.03 --- Rate  58.52%

Another really good month of savings is in the books! Day job income is up, dividend income is up, and expenses remains subdued for the second month in a row. There is nothing to complain about here.

While it is important to keep expenses low, you don't get rich by clipping coupons!! I wholeheartedly believe that you have to go on offense to create wealth. I simply am always on the lookout for ways to increase business and income. This includes investing in yourself and your business!!

Like I mentioned last month, my girlfriend is new to the insurance business, but is a strong closer and is no stranger to sales. Prospecting in the digital age is something that we have deficiencies in. I just spent $3,000 on a training program to help her become a fucking insurance beast!! I believe in training and surrounding yourself with strong business minds and building networks. This is the path to success combined with hard work!! Most people won't do shit unless it's paid for by the company. That does not advance you.....PERIOD!!

So while my expenses my be FUBARed for April, I view training as an investment in our future. The same way I view working evenings and weekends.

By any means necessary!

6 comments:

  1. Very nice savings rate. Hopefully April won't be as bad as you are expecting but hopefully it goes well! All the best.

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    Replies
    1. BHL,

      Thanks! The big savings months are designed to offset the rough one. While spending money on training is a cash expense. I view it as an investment in our future so I'm good with it!

      MDP

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  2. MDP -

    Solid % for savings. And agree with you on the training course for the lady - that alone should help produce more "dividends" for her career. Looking forward to the wrap up of your April now, see if you're able to leap over the $10K forward mark.

    -Lanny

    ReplyDelete
    Replies
    1. MDP,

      Learning is earning!! I'm looking forward to pushing forward on the dividend front as well. Sometimes I feel like I am fighting several fires at once. The game of life definitely has a lot of moving parts for sure!

      MDP

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  3. Crazy Savings rate MDP! I hope I can reach that someday.

    Cheers

    -Patrick

    ReplyDelete
    Replies
    1. Patrick,

      You will!! Just stayed focused and persistent!

      MDP

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