the richest man in atherstone

This series of articles was inspired by a wealth-building strategy created by Stuart Goldsmith. It is called 'Double Your way to a Million Plan' and you can sign up for your free copy on this webpage. For a brief outline of the strategy, take a look at this post.

July to September has been a bad quarter for my Doubling project. I've been very busy with my day-job and my growing family seem to be taking up a lot more time just lately. In addition, one of my main sources of income (IceSave) has dried up - they've reached their quota for the year but hope to continue the campaign in 2009.

I've managed to roll out a couple of new ideas (FABDEX and Financial-Info) and have been working on promoting a new ClickBank product but haven't really had time to promote them properly - or monetize them. Here's a breakdown of the quarter's results:

Income
Advertising on my websites£1071
Interest£25.94

Total£1096.94

The IceSave promotion bought in the most cash with the remainder coming from Matched and Money4Banners.

There are also a couple of income sources that have been earned but did not make this quarter's results in time. I have a Clickbank cheque sitting in front of me for around £100 and there is about $120USD (£60) sitting in my Google Adsense account awaiting payment.

Expenses
Web Hosting & Domain Names£55.74
NICS (Class 2)£29.90

Total£85.64

For those not accustomed to Class 2 NICS, it's a fixed National Insurance Payment to the taxman that us British self-employed people have to make each week.

Profits
£1096.94 - £85.64 = £1011.30

I decided in January, to pay myself a wage for my Doubling exploits equal to one third of profits earned. This month, I have chosen not to take any payment from my project for a couple of reasons. Firstly, I have not put in as much work into the project as I expect of myself and feel I do not deserve a share of the profits. Secondly, heading into the final quarter I am concerned that I may not achieve my 2008 goal of completing up to Step 20 of my Doubling project, so I want to throw everything that I can into it.

I've guesstimated that another third will be deducted as taxes but I won't need to account for this until the end of the financial year so (at least for now) it's mine

Before this quarter, I had earned £1648.31 for my Doubling Project, so adding my latest earnings to this, I now have £2659.61. This means I've completed Steps 19 of the 28-step process and am now part-way through Step 20.

Now I just have to figure out how to earn an extra £2340.39 before year-end

Step 19 Complete
Step 20 In Progress
Cumulative Cash: £2659.61