Welcome to the Jerry Banfield 2019 February Income and Expenses report. I share this because I love seeing inside other people’s money. I think it’s really helpful for us to get open and honest and talk about our money. I am grateful for the chance to serve you today.
February 2019 Business Income, Expense, and Profit Report with Personal Cash and Debt
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I’ve been doing these income reports for years. I’m finally back to doing them every month. I imagine if you’d like to see these every month you’ll check for a new Income and Expense report at the beginning of each month.
It’s the beginning of March, therefore, time to give you the February 2019 Income and Expense report. I show you inside the numbers on my bank accounts right here to begin.
These are the balances I’ve got on my bank accounts right here. Last month I had a few thousand net balance of cash. Now, you’ll notice that I actually just slipped back into debt for the first time since 2015. I actually have less money than I owe. I’ve got $10,781.72. The main balance is in one particular personal checking account then I have my business checking account also.
I just transferred $6,000 out of the business checking into the personal checking.
On my amount owed I’ve got $23, 580.53, the majority of that on my business credit card. I’ll show you the numbers that produce this. Therefore, that’s a net of approximately $13,000 in debt. And today I’m very grateful that I’m comfortable with that.
I am seeing the time is now to spend the money on paying for help to build my business and if that means borrowing a bit of money to do it that’s great. And I also am not willing to stop being generous and giving people nice tips and taking care of myself just because I need to borrow a little bit of money. I see that I’ve massive income earning potential and if I need a little help borrowing some money that’s no big deal. I’ve got a very concrete plan to get out of it which I will talk to you about right now.
Read more on my website at https://jerrybanfield.com/income-report-february-2019/
Love,
Jerry Banfield
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Jerry, you are crazy but I like it.