June 09, 2016
It has been about a year since I quit my six figure job and started living the dream.
When I started I had enough money to live for two years without any income. My projection was that I would need $62K a year to live frugally. This meant no vacations or major expenses (roof) but enough to get buy and buy time while I grew my businesses.
In that year, I have put the bulk of my time towards my primary business. It has improved, but not to the level I had hoped.
The one positive is the business is trending upward and at least I am making some decent money. I am almost at the point where I am able to cover my expenses without continuing to destroy my savings.
Income:
2015 $2,000
2016 $50k projected – $25,142.58 as of today
My two primary side businesses aren’t healthy. They still feel like half assed hobbies at this point. I need to either turn them around or drop them and switch to something that can turn a profit more quickly.
Income:
2015 $0
2016 $0