OCTOBER 2018 – MONTHLY INCOME REPORT

IMPORTANT NOTE: from now on, all the Monthly Income Reports are in a single page, with an accumulated graph an all the info you need: Go here to check them!! Monthly Reports

 

 

Hello World!… Here it is the Monthly Income Report!! (hehehe… I’ve always wanted to start a post with this phrase 😛 ).

STARTING OUR MONTHLY REPORTS

Hi! this is Luis and welcome to our first Monthly Report’s post.

This is, hopefully,  the first of a series of reports that I will be posting every month summarizing our progress. As you can read in our about section, Vale is not a “mad about numbers” person, so regarding the Income Reports it’s going to be me (Luis) the one who tells you everything we’ve done and how the numbers are at this moment.

THANKS A LOT, PATT!

Now that we’ve started, I’d like to mention that Pat Flynn and his Blog ( https://www.smartpassiveincome.com) were a great inspiration for me and Vale to start this online business, and we’d like to share it with everybody out there. So if someone knows Pat, or if someday Pat is around here reading this post (that would be awesome for us!!!), I’ll like to publicly say THANKS SO MUCH for all your teaching and your inspiration.

THE STRUCTURE OF THE MONTHLY REPORT

And now… about the Monthly Report. We’ll mention first the major events that could have made a difference during the month or that’ll make a difference in the future. We will also show you a list with monthly income and expenses as detailed as we can. To finish the report, We’ll share with you what we learned and the future steps.

As we said in our contact page,  We’d love to talk with you about everything related to achieving financial freedom, so we’ll respond to any questions or comments that you may have about the report. Let’s Go!!

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EVENTS TO MENTION IN OCTOBER

• Decided to create an online business (AKA Freenancial Exposed.. 🙂 )
• Finished 2 courses on SCRUM and AGILE methods. We’d like to use this methodology in our project.
• Signed our partners agreement.
• Defined 20/10/18 as “Day Zero” for starting “Freenancial Exposed”. We really love the name!
• The hosting was chosen. After comparing a lot, the winner was Hostgator [Full Disclosure: As an affiliate, I receive compensation if you purchase through this link.]
• Got information about creating a company for the project. A very important thing to do.
• We started the website. And Luis is designing it by himself, just like one of  our principles says:

We really want to help people who doesn’t have much money to invest, so we decided to create everything, and  show them how to get passive income and build an online business investing time but almost no money.

• The WordPress Theme was chosen. We’d already purchased  Avada Theme , in case I use it for the new coaching website ( part of my “offline business”), so this time,  although it’s not a free one, we decided to use it because it is an incredible theme, really easy to use for the website design, even for a rookie designer like me.  [Full Disclosure: As an affiliate, we receive compensation if you purchase through this link.]
•  The email marketing service was chosen. After a lot of emails explaining why we should be accepted by some email marketing companies, we found the guys from MailerLite. The communication with them went great. They understood our project, and we started to work together.  [Full Disclosure: As an affiliate, we receive compensation if you purchase through this link.]

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INCOME, EXPENSES, WINNINGS AND LOSSES:

Here they are,  until now… There’s not much to show! 🙂

INCOME TABLE:

 

EXPENSES TABLE:

 

NET BENEFITS OR LOSSES:

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LEARNINGS AND FUTURE STEPS:

TONS OF WORK:

• I already knew this, but if you don’t… “It takes tons of work (hours) when you want to do it everything by yourself and avoid spending money on hiring people“. But I have to tell you one thing… if you consider the work you have to do just as a learning process, then you are going to enjoy, because you are going to learn like crazy! As a result, I know a lot about WordPress, Web designing, Avada Theme, the best WordPress Plug-ins (I’m probably going to talk in deep about the plug-ins I consider more useful in a future post, because they can save you a lot of time and effort.)… it’s been awesome!!

KEEPING THE FLOW:

• I’m really optimistic about “deadlines”. That’s is good because I put a lot of effort and I’m really focused on my work, but you have to keep track of your inner state and your stress. Above all, remember you should always be working on your “flow zone”. Maybe someday I could talk about this, because it has a lot to do with my “offline-non-passive-income business” as Executive Coach and Business Mentor, but meanwhile, you’d probably like to have a look to this book: Flow: The Psychology of Optimal Experience. [Full Disclosure: As an affiliate, I receive compensation if you purchase through this link.]

CREATING CONTENT FOR YOU:

• I think I could help a lot of people if I create and share some good content about how to develop an online business from zero, and also about how to design a website from that idea. Probably, during the next month, I’m going to gain more experience and I’ll have more information to do so.

FOCUS, FOCUS, FOCUS:

• In the future, I’m gonna be totally dedicated to creating the website and the initial content. Above all, I’d like it to have everything ready for the “release” in December, the 1st. Focus, focus, focus… and hard work… benefits will come later.

 

NOTE: Did you already know that We’d love to start a podcast series by now? We challenged ourselves to start it as soon as we reached 100 subscribers… would you like to be part of this and make us start earlier? Here you can know everything and subscribe,  that way you’ll push us to start, and you are going to be one of the first people to know when that happens.

 

Stay tuned! Cheers!.

Luis.