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

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.

Things are going well in my Doubling to a Million Project, so much so that I haven't had the time to update my journal as much as I would have liked. At present, I am working on an web application idea that will hopefully help me make it to Step 20 by the end of the year. I'll perhaps talk a little more about that in the near future as it's still in the development phase right now. Meanwhile, here's a breakdown of my income and expenses between April and June 2008:

Income
Advertising on my websites£1739.86
Freelance Work£24.00
PayPerPost£9.92
Squidoo£3.16
Interest£18.31

Total£1795.25

The lion's share of website advertising came from the IceSave Savings Account Review I wrote on this website with the remainder coming from a mixture of Google Adsense, Affiliate Marketing and Banner displays. The freelance work is for the provision of website hosting to a friend and the interest came from my Alliance + Leicester Premier Direct Account.

I also earned about £50 from ClickBank (using the Bum Marketing Strategy) but that is sitting in my ClickBank account waiting to reach my withdrawal threshold (set at $200USD - about £100) and so has not been accounted for in this quarter's report.

Expenses
Web Hosting & Domain Names£18.42
Marketing£40.00
PayPal Fees£1.68
NICS (Class 2)£22.00

Total£82.10

The Marketing category was an experiment with Google Adwords that didn't turn out too well. Fortunately I stopped it before all my funds were dried up, so I still have a little sitting in my Adwords account until I can think of a better use for it. For those not accustomed to Class 2 NICS, it's a fixed National Insurance Payment to the taxman that us self employed people have to make each week.

Profits
£1795.25 - £82.10 = £1713.15

As mentioned in January, I am now paying myself a wage for my Doubling exploits equal to one third of profits earned, so that brings my total to:

£1713.15 (Profit) - £571.05 (My Wages) = £1142.10

I've guesstimated that another third (£571.05) 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 £506.21 for my Doubling Project, so adding my latest earnings to this, I now have £1648.31. This means I've completed Steps 17 and 18 of the 28-step process and am now part-way through Step 19.

Only two more Steps to go to achieve my goal of completing Step 20 by the end of the year.

Step 17 Complete
Step 18 Complete
Step 19 In Progress
Cumulative Cash: £1648.31

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.

The first quarter of 2008 has been very lucrative for my Doubling Plan compared to previous periods, however I need to start earning a lot more if I want to achieve my goal of completing step 20 by the end of the year. Here's a breakdown of my income and expenses between January and March 2008:

Income
Advertising on my websites..£423.49
Freelance Work..............£97.00
Surveys.....................£10.00
Interest....................£15.77

Total.......................£546.26

The lion's share of website advertising came from the IceSave Savings Account Review I wrote on this website, the freelance work is for website design to a local organisation, the surveys I did for company called Lightspeed and most of the interest came from my Stoozing project. Technically, I've earned more in website advertising but the dough is sitting in affiliate accounts waiting to reach the withdrawal threshold.

Expenses
Web Hosting & Domain Names..£61.96
Sundries....................£3.59

Total.......................£65.55

The sundries were just some stamps and a pack of envelopes for posting invoices.

Profits
£546.26 - £65.55 = £480.71

As mentioned in January, I am now paying myself a wage for my Doubling exploits equal to one third of profits earned, so that brings my total to:

£480.71 (Profit) - £160.24 (My Wages) = £320.47

I've guesstimated that another third (£160.24) 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

This completes Step 16 (Hooray!) and puts me over halfway through Step 17. However, to reach step 20 by the end of the year, I'm going to have to find ways of earning more.

Step 16 Complete
Step 17 In Progress
Cumulative Cash: £506.21

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.

This is just a short note to let you know that The Doubler's Den has just launched a search engine designed specifically for Doublers. Here's the link:

Doubler's Search Engine

Now it is quick and easy to find what your looking for in the world of Doubling.

Arkad