Income Statement November 2016
The Christmas is on the nose and I have just recently completed income Statement November 2016. This month I had some holiday and although I did some work whilst being on the beach, it was more like an investment for the future and no money was earned at the time. I did some PR and shared some pictures from the beautiful places I have been visiting. It was a wonderful time and I greatly enjoyed it. But we gathered here to see the income statement and what my finances were in November.
Revenue
I am still investing £200 a month as a fake investment to my side hustle account. There is also some interest coming in from the current investment and although it’s not a lot, it’s the money into the pocket instead of out. It gathered me £45 in total. I also did some matched-betting where I managed to collect another £140.45. I had some more at first, but managed to mess up one of my bets and lost £8 of the promotion money – due to the canceled promotion. That’s a shame, but you have to spend money in order to earn any.
Expenses
Luckily, I didn’t spend loads of money this month besides the labor expenses. This included 2h spent on 6-7th-week retrospective and 2h on 8-9th-week retrospective in the 3-month challenge category. I also finished writing my workout plan for day 2 and day 3. Both articles consumed 3 of my hours. To sum everything up, I have spent 7 hours on this venture in total.
I have already talked about matched-betting, but this is a very good opportunity to earn some additional money on the side. I spent about 10 hours here, which still included my learning time.
Conclusion
Income statement November 2016 had a bit lower revenue than it was in October, but there were fewer expenses too. As you can see the net income got a bit higher – almost reached the black, because I spent less time working on the blog tweaks. I have already invested my time there earlier this year and it does not require tweaks every month.
| Subject | £ | $ |
|---|---|---|
| Conversion Rate | 1 | 1.26 |
| Revenue | ——————— | ——————— |
| Fake Investment | 200 | 252 |
| Interest | 45 | 56.7 |
| Matched Betting | 140.45 | 176.97 |
| Total | 385.45 | 485.67 |
| Expenses | ——————— | ——————— |
| Server | 10 | 12.60 |
| Labor | 391 | 492.66 |
| Total | (401) | (505.26) |
| ——————— | ——————— | |
| Net Income | (15.55) | (19.59) |
The post Income Statement November 2016 appeared first on Underground Hogs.
