Every month we put together an income report to share a behind-the-scenes look at the ups and downs of running a 7-figure business. In full transparency, it’s not easy – but it IS possible. Through hearing about our mistakes, lessons learned, and our wins, we hope to inspire and motivate you to take action in your business with just one step forward every single day. For our full income report, visit EOFire.com/income74, and IGNITE!
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Resources
CPAOnFire.com – Accounting tips, resources, and services for entrepreneurs from our very own CPA On Fire, Josh Bauerle!
AirBNB – Never tried AirBNB before? Check out our top search tips below, and sign up using our link to get a $25 credit to use towards your first booking!
3 Value Bombs
1) One of our favorite things about travel is its ability to shed light on a new perspective.
2) Be intentional about the business you want to create.
3) The words we speak become our beliefs.
Sponsors
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Show Notes
**Click the time stamp to jump directly to that point in the episode.
[00:49] – Income review from JLD
- Gross Income for Oct: $182,208
- Total Expenses for Oct: $25,854
- Total Net Profit for Oct: $156,354
- Difference b/t Oct & Sept: +$48,646
- % of net profit to overall gross revenue: 86%
[03:26] – Monthly tax tip from CPA On Fire, Josh Bauerle
- Josh talks about the benefits of an S Corporation.
- He explains why business owners are required to take an actual reasonable salary from the business.
- You can reach Josh at CPAOnFire.com or email him here!
[10:04] – What went down at the Entrepreneurs On Fire studios in October!
- Let’s dive into our travel experience!
[12:35] – 4 Weeks in France
- Paris greeted us with amazing food; the best salad of your life can be found in Tribeca on Rue Cler!
- Annecy has the most breathtaking view of the Swiss Alps; it’s the most beautiful place Kate has ever been.
- Nice has the most amazing weather and coast views!
- Bayeux has a hardcore history :)
- Kate shares the joy and benefits of keeping a trip diary
[18:25] – Our favorite things in Paris
- A FULL walking day around the city with Christine – we met up with her last year on our travels in Berlin!
- A visit to the Palace of Versailles
- Visiting the Rodin Museum
- Walking Montmartre, especially our audio walking tour with Rick of the Pere-Lachaise cemetery
- Exploring the Musee de l’Armee
- Our favorite restaurant, Tribeca, and our favorite pastry shop, Maison Georges Larnicol
[19:47] – Top AirBNB Search Tips
- Check out our Top AirBNB Search Tips at EOFire.com/income74!
[25:30] – Our favorite things in Annecy
- Doing a full-day biking tour (Tour du Lac) around the entire lake (roughly 43 km)
- Exploring the quaint Old Town streets of Annecy and all their beauty
- A boat ride around the Lake to see everything from a different perspective
- The Retour de Alpages
[30:25] – Our favorite things in Nice
- Hiking up Castle Hill for breathtaking views of the Old Town and Mediterranean Sea
- Roaming the daily market in the Old Town
- Our coastal hike from Cap Ferrat to the next town (closest to Nice) called Villefranche-sur-Mer
- Spending a half-day in Monaco and getting to walk through the Jardin Exotique: a garden carved into the hill in the early 1930’s that hasn’t been touched since it was created
[32:02] – Our favorite things in Bayeux
- Our 3-stop Museum Pass: Bayeux Tapestry, Art History, and the Battle Museum
- Full-day tour of Mont St-Michel
- A stroll through the botanical gardens in Bayeux
- Half-day D-Day tour
[34:26] – Wrapping up our travels
- One of our favorite things about travel is its ability to shed light on a new perspective.
- One of our biggest travel lessons: the importance of being intentional about the type of business you want to create.
- We’re fired up to re-focus on our health and continue our work-life balance!
[40:03] – Thanks to our sponsors, ZipRecruiter and ClickFunnels!
[42:17] – Income breakdown from JLD
- Gross Income for Oct: $182,208
- Total Expenses for Oct: $25,854
- Total Net Profit for Oct: $156,354
- Difference b/t Oct & Sept: +$48,646
- % of net profit to overall gross revenue: 86%
[45:02] – Our biggest take away
- The words we speak become our beliefs. Tune in for Kate’s biggest lesson learned from her hot seat with Tony Robbins!
Killer Resources!
1) The Common Path to Uncommon Success: JLD’s 1st traditionally published book! Over 3000 interviews with the world’s most successful Entrepreneurs compiled into a 17-step roadmap to financial freedom and fulfillment!
2) Free Podcast Course: Learn from JLD how to create and launch your podcast!
3) Podcasters’ Paradise: The #1 podcasting community in the world!
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