Income reports are a tricky subject. On one hand; I love to read them. They inspire me and allow me to root for my favorite bloggers/freelancers. I get to check in on them like an old friend and see how they’ve progressed since last month!
On the other hand; it’s really weird to be talking about how much money you make on the internet. Sure bloggers and YouTubers do it all the time, but there is still a cultural taboo surrounding it. I personally believe in a salary 9-5 setting, that discussing your annual earnings only benefits you! When people don’t talk about their wages it allows employers to pull the wool over everyone’s eyes.
So! That brings us to the second installment of Mar’s monthly income reports.
For me, July is full of birthdays, hell hot weather (thanks Arizona), a longing for beaches. I swear it makes being a freelancer harder because all you want to do is pine away for a vacation! In fact,I had to turn down a mini vacation for my friends birthday because of my freelancing efforts! I hope to make it up to her soon! But everything came out in the wash okay, and while I didn’t make my goals 100%, I still came out ahead!
So here’s the breakdown for this month!
Freelancing Project Breakdowns
Website Deposit: $1,000
Reputation Management: $400
Graphic Project: $800
Marketing Consulting: $600
Website/Email Hosting for Client: $204
Website Theme for Client: $46
Total Profit: $2,550
So compared to the $11,000+ from last month this month was a bit….wah wah waaaaaah. Especially when we think my monthly bills are roughly around $2,600! But it’s a good thing we have a savings right? This just drives home the point for me, and any other budding freelancer, that there is a constant ebb and flow in this world. I will say, I could have done better with my cold pitching and finding clients. I was luckily enough to be referred my new website and coming social media client, but because of personal things I just didn’t pull my wait. Once again, energy output directly correlates to money (aka energy) coming in. But let’s see how I did on those goals I set last month!
July Goals Check In
- $6,000-$7,000 total monthly income from freelancing. (Nope! But I’m pretty sure I will be closer to this goal for August, since the rest of a website project will pay out.)
- Make money from Funding22.com (Nope! Though I did apply to an ad agency! So here’s hoping.)
- 1-2 retainer clients (Yes! One social media/seo client!)
- Possibly take on 1 full time remote job.(Success! So technically I’m not 100% a freelancer, but Shhhh that’s okay. We won’t be counting that salary in income reports.)
- Look into creating a legal business for my freelancing. (I have looked into it, but I haven’t made the jump yet.)
- Start Couch to 5k! (Sort of! I’ve been doing the workouts, but infrequently. I do go to the gym 5 days a week, but sometimes I opt for weightlifting and steady cardio vs the C25K workout.)Follow me on Instagram if you want updates on my freelancing life, C25k, or just random quotes/memes to keep you entertained! @mar_riney
- Bonus! I didn’t tell you all in my July income report, but I had been looking into Masters programs. I actually started one last summer, but I wasn’t really happy with that program. So I’m happy to announce that I applied for one that’s more up my alley.
Grade: C+ (Personal life is doing well, but we got to get this blog to pull it’s own weight folks!
So what’s in store for August?
I want to finalize/be formally accepted into my MS program, as well as continue C25K. I’m also hoping to take a weekend trip with my boyfriend so we can do some recharging! I have some big goals planned for September-December so I know I will need it. (And he broke his arm recently so a change of location might do him well!)
- $6,000-$7,000 total monthly income from freelancing. I’m going to hold on to this one seeing as I’m 99% where about $4,000 is going to come from with projects finalizing and smaller retainer clients. So hopefully I can get my but in order and whip up another $2,000-3,000 with my cold pitching skills.
- Go on a weekend vacation. I’m thinking San Diego, but we shall see what the boyfriend thinks!
- 1-2 retainer clients! I would like to take on a couple more social media management clients, seeing as they end up being the most pay per time spent. AKA a bigger bang for my buck.
- File paperwork to be a legal business. I’m not looking forward to the 2020 tax season, so hopefully this helps me get ahead.
- C25K-Continue with this and hopefully drop a little weight as well. Doing a few pullups would be icing on the cake!
- Go to a networking event!
- Pay off some debt. I have a little bit of personal debt left and I would like to get that squared away before I take on anymore school debt getting my masters degree.