I have created a new and improved version of K Money Mastery which is called, Mastering Book Publishing!
Every month, I write a detailed monthly report about the progress that I'm making towards the goals and resolutions that I publicly stated on my blog earlier in the year. This is my May 2014 Monthly Goals Report, which goes over each goal that I set and the progress that I've made on them so far.
Since sharing my Monthly Goals Reports since January, I received such an amazing response from people on my blog. People have been sharing with me how much I've inspired them or how helpful it's been for them by me openly sharing my progress. It's my hope that you can take away something from this report that will help inspire you to achieve your own goals.
Watch My May 2014 Monthly Goals Report:
(Click here to watch on YouTube)
My Goals Breakdown
I’m now going to go into each goal that I committed to for 2014 in detail and share exactly where I’m at with it. Also, be sure to check out the original 2014 goals and resolution video blog and my previous Monthly Goal Reports to compare my progress.
Health & Fitness
1. I will easily be 160 lbs at 6% body fat and compete in the WBFF on July 26, 2014.
Previous Month: 149 lbs at 6% body fat
I went more into maintenance mode during May and decided to let up on my diet a bit, after talking to my coach. I've been experiencing some challenges with dieting for so long and my body has been feeling very depleted, so I decided to add some calories to my diet each day and “maintain” my weight. I've still made some small progress during May, which is good, but it's not as much as I'd like ideally. Overall, I'm happy with the way things are going and the goal is to continue making progress towards getting leaner from here on out. My abs are getting more and more defined and the vascularity I've been seeing is pretty awesome.
During May, I had to really look at my WHY for doing this fitness show. I realized, the biggest reason why I'm doing this is for fun and as a challenge to be in great shape during summer time and beyond. I had to look at whether or not I'm willing to SACRIFICE a lot of fun, enjoyment and balance to to have my ideal body faster… and the answer was that I'm not willing to. I'd much rather slowly make progress towards my goal and be able to enjoy eating out and having fun, rather than having to be extremely strict and have to give up the balance. Overall, I'm still following my diet well, but I've added in a few extra “cheat meals” throughout the week and I believe I can still make great progress while doing this.
I've included some pictures below so you can see and compare my progress.
2. I will easily complete a 7-10 day cleanse using The Total Wellness Cleanse by December 31, 2014.
Result: No progress made yet
I haven’t focused on this goal yet and plan on doing the cleanse sometime during the end of the year.
Finances
3. I will easily be making $30,000/month consistently by December 31, 2014.
Result: $43,419.95
Previous Month: $40,719.28
Another fantastic month for me over-achieving with the goal that I initially set for myself of $30,000 per month. In May, I made $43,419.95 from all of my different income streams. I've found the $40,000+ has been consistent for me throughout the year, which I'm happy about. Since I'm overachieving in this goal, I decided that I'd put a few of the other projects that I'm focusing on this year on hold during summertime. I've been working really hard the last year to to get to where I'm at and I'd like to be able to simplify my lifestyle and enjoy it more.
Below, I break down the different sources of my online income so that you can see where it's coming from. I don't share specifics about particular websites due to the protection of certain creative endeavours I'm involved in.
Clickbank: $24,090.17
My Clickbank earnings include Mastering Book Publishing course, 6 other Clickbank products that I sell (which I keep private) and affiliate earnings. I also recently launched a new course called The 24-Hour Book System that made me a lot of money during May also. My Mastering Book Publishing course has been growing every month and I’ve been taking a lot of action to making it one of the best courses out there for helping people make money online. I’m very proud of the progress I’ve been making with it. I also continue to make passive income from several products that I sell on Clickbank that I started 3-4 years ago that continue to make me money on autopilot. And finally, a large portion of the income is also from affiliate earnings that I get from this blog and other websites that I have also.
Kindle Publishing: $8,073.09
My Kindle publishing earnings include all the royalties that were deposited into my bank account for May from all 100+ Kindle e-books that I sell on Amazon. My earnings from Kindle has been steady and consistent, which has been cool. I have some books that fluctuate in earnings and I've been implementing a new strategy for Kindle publishing, but primarily using my Kindle books to funnel into backend businesses that I have. I've realized I can begin making MORE money on the backend from my Kindle books than I will on the front end, which has been very appealing to me. I've begun teaching this new strategy in my Full Disclosure members area for Mastering Book Publishing.
ShareASale: $126.24
This is more affiliate commissions that I earned from promoting some products on my blog. Last month I made $101.30, so my income increased here.
Coaching: $8569.12
This is earnings from 1-on-1 coaching that I do with my clients, as well as the Project Life Mastery Mastermind Group that I offer for people that want to work with me. While coaching isn't a passive income stream by any means, it is something that I enjoy doing and get a lot of fulfillment from. I love working with people and seeing the success they have by applying what I teach them. I have many long-term clients that pay me every month and I continue to help them build their businesses and make money online.
Other: $1,611.33
This is all a bunch of other income that wasn’t worthwhile separating into new sections, but it includes payments from a few affiliate promotions that I did, as well as earnings from Udemy and Fiverr.
Rental Income: $950
This income isn’t internet related, but I still included it since I wanted to add up my gross income for May. I have an investment property that I rent out every month – I don’t make any passive income from it, it just covers my mortgage.
I'm extremely excited to have consistently been making over $40,000 per month, which is $10,000 more than what my goal was at the beginning of the year! It's pretty remarkable how fast things can scale up when you build your business the right way. I'm excited to see how high I can get by the end of the year by continuing on the path that I'm on, as well as launching some new projects I have in the works this year.
4. I will easily have saved at least $100,000 by December 31, 2014.
Result: Goal Achieved!
I achieved this goal in May, which was much earlier than I expected. I wanted to have saved at least $100,000 of liquid cash that I could have in my company, not including from the investments that I make every month. Every month, I focus on investing much of the money that I earn into stocks, mutual funds, saving for real estate properties, as well as back into my business. I always believed that it's not how much you make, but how much you KEEP. Learning how to manage money has been an important priority over the years that has allowed me to build my net worth to where it is today.
Business
5. I will easily have published at least 100 videos blogs on Project Life Mastery by December 31, 2014.
Result: 36 video blogs
Previous Month: 31 video blogs
During May I published 5 video blogs and 1 regular blog article on ProjectLifeMastery.com, with the total video blogs for this year being 36. Here they are below:
- Mastering Book Publishing Questions Answered: Making Money With Kindle Books (Part 1)
- Mastering Book Publishing Questions Answered: Making Money With Kindle Books (Part 2)
- How To Get Amazon Reviews For Your Kindle Book
- My Daily Ritual – How To Perform At Your Best, Be In A Peak State And Be Superhuman
- My April 2014 Monthly Goals Report
- The 24-Hour Book System
I've slowed down a bit on the video blogs as of late, as I had to commit some more time to some other projects. I have some video blogs that I've recorded, but just haven't had a chance to publish yet. I need to put some more focus on doing more! Overall, I've been happy with the quality that I'm putting into my video blogs at the moment. I plan on committing to more during summertime and putting some other projects on hold.
6. I will easily launch my new money-making course by May 1, 2014.
Result: No progress made yet
Haven’t had a chance to focus on this too much right now. Currently don’t want to switch gears too much from Kindle, as I’m getting a lot of momentum in that space. I did launch a new course on The 24-Hour Book System on May 1st, but I don't count this as part of this goal, as I was originally planning to launch something outside of the Kindle publishing arena. Will likely begin to focus on this more in a few months.
7. I will easily launch my new Kindle service by February 1, 2014.
Result: Goal Achieved!
I ended up achieving this goal during February and launched my Done-For-You Kindle Ready Book Packages, which sold out in one hour! I made 10 packages available that each consisted of a professionally written Kindle book consisting of over 5,000 words in a profitable niche, a quality e-cover with stock photos, as well as a description for the book. These sold for $247 each. I was absolutely blown away by how fast it sold out, as I didn't even launch it to my entire e-mail list – only my customers. Since there's such a demand for this, I'm planning on launching this again on a regular basis.
8. I will easily launch my own Kindle software by December 31, 2014.
Result: In progress
I’m super excited about this project as I have a team of software developers and designers working on it. This is my first software that I’m developing and there’s been a bit of a learning curve with it. I’m investing a lot of time and money into this, but I know it will pay off in the long-run and help a lot of people (while solving my problems too). Things couldn’t be moving along better here – hoping to get this launched in the coming months.
9. I will easily launch my new coaching program by March 1, 2014.
Result: Goal Achieved!
Launching my new coaching program was a big achievement for me during March. I decided that I'd take on more clients this coming year and put together some coaching packages that would allow me to help people make money online. While my rates for working with me 1-on-1 are fairly expensive as my time is limited, I decided to also put together a Group Coaching Mastermind for those that are unable to afford to work with me 1-on-1. This has allowed me to form a mastermind group and work with people in a group setting, which so far has been excellent. If you want to find out about my new coaching program, click here.
10. I will easily complete Autoresponder Madness and implement what I learned into my business by March 1, 2014.
Result: Delayed, in progress
This project has been delayed much longer than I expected, as I realized that I need to finish some other projects that are more urgent and are required for me to complete this course. I'll definitely be getting around to this goal later, as it's still a high priority for me and it's actually one of my favourite online marketing courses ever.
11. I will easily launch the new design for Project Life Mastery by December 31, 2014.
Result: In progress
This design is almost ready (should be complete and up during June). I had to switch designers as the previous one I was using wasn't able to complete the job. This has been massively delayed, but once it's up it'll be worth the wait!
12. I will easily write and launch a new Kindle e-book by December 31, 2014.
Result: Goal Achieved!
Yes! Another goal achieved for this year already. I wrote, launched and released my latest book called Kindle Marketing Secrets – 33 Ways To Promote Your Kindle Book And Get More Sales. So far, I've received an awesome response from it and people have been loving it. It's also selling really well and is something that will continue to make me passive income for years to come, as well as promote my Mastering Book Publishing course.
13. I will easily launch my own physical product on Amazon by December 31, 2014.
Result: In progress
This is a new goal that I've set for myself since signing up for the Amazing Selling Machine. The goal is to launch my own physical product on Amazon to sell, which will likely be a supplement (still brainstorming). Some progress has been made on this, but it will likely be delayed and focused on more later in the year as I've decided to put some projects on hold during summertime.
Lifestyle
14. I will easily move into the Sheraton Wall Centre penthouse on the 48th floor in downtown Vancouver by February 1, 2014.
I moved into the penthouse at the Sheraton Wall Centre on the 48th floor overlooking beautiful Vancouver on February 1st. It’s a $1.7 million dollar penthouse and it’s still surreal. Just a few years ago I was broke and struggling, living in my friends living room… and now I’m living in a penthouse! Very awesome. 🙂 I’ve now furnished the place (which was a lot of work), and now I’m still furnishing it with smaller items. I’ll have to do a video blog and give a tour of the place once everything is set up.
15. I will easily own and be driving a Corvette Stingray by December 31, 2014.
Result: Goal Achieved!
This was a goal that I achieved during March. Soon after doing my February Monthly Goals Report, I started researching the Corvette Stingray and just wanted to see what was available in Vancouver. I soon learned that there was only a small limited supply of these cars made available in Canada, as each dealership is only given one and they recently arrived here. Every place that I contacted no longer had it available, except for one. I ended up buying the next day the only 2014 Corvette Stingray that was left in British Columbia. Was it meant to be? I think so!
Very excited to have achieved this goal. It was much earlier than I expected, but I was able to take decisive action on it and I don't regret it one bit. I've included a picture of me below with it. 🙂
16. I will easily spend a weekend in Las Vegas by August 31, 2014.
Result: No progress made yet.
No progress made on this yet, but I will be going to San Jose, California at the end of June for Tony Robbins Unleash The Power Within event with my sister. I've been to this seminar several times already and I'm excited to take my sister with me this time.
17. I will easily spend 2.5 weeks in Bali, Indonesia by February 1, 2014.
I spent most of January in Bali, Indonesia and had a blast. I travelled with my friend Mike and I recorded a lot of videos while there. It’s absolutely beautiful there and I highly recommend to go if you get a chance!
18. I will easily travel to San Diego for the Traffic and Conversion Summit by February 1, 2014.
Result: Goal Achieved in January!
19. I will easily take a 1-week vacation and travel somewhere by December 31, 2014.
Result: No progress made yet
I have the possibility of going to Brazil sometime in August, but it's still undecided. More travel plans will be contemplated during winter time.
Social & Relationship
20. I will easily go out and socialize and have fun at least 3 times per week by December 31, 2014.
Result: Been going out 3 times per week
I've been having an awesome balance right now in my life. Now that the weather is slowly starting to get better in Vancouver, I've been enjoying my weekends more. Been going out with friends, meeting new people, and having some great get-togethers. I plan on maintaining this balance all throughout summer and perhaps even spend more of summer having fun.
21. I will easily have a fun get together and party once a month at my penthouse by December 31, 2014.
Result: My Birthday party on May 3rd
During May, I had my birthday party on May 3rd at my penthouse with some amazing friends!
Habits & Personal Development
22. I will easily meditate 30 days in a row for 20 minutes at a time by December 31, 2014.
Result: In progress
This goal has been put on hold. I still meditate occasionally, but it hasn't been a high priority for me right now to get into on a consistent basis.
23. I will easily go 30 days without biting my nails by December 31, 2014.
Result: Goal Achieved in January!
This goal was very easy for me to achieve once I committed myself to it. I was biting my nails for so long out of habit and once I just decided to be conscious of it and focus on changing it, it was fairly easy. I had a few times where my fingers would come up to my mouth, but I’d quickly stop myself.
24. I will easily go through Tony Robbins Personal Power II by February 1, 2014.
Result: Goal Achieved in January!
I just finished completing this program for the 3rd or 4th time now. My mastermind group wanted to go through it together as a group, which I agreed to. I find that every time I go through programs again and again, I continue to get more out of it. This is a powerful program and it helped me with many of my goals also.
25. I will easily read at least 12 books by December 31, 2014.
Result: Read 7 books
I've read 7 books so far during 2014. I'm currently reading Less Doing, More Living: Make Everything In Life Easier by Ari Meisel.
Here's a list of books that I've read so far:
- Less Doing, More Living: Make Everything In Life Easier
- Warrior Of The Light
- How to Have Your Cake and Your Skinny Jeans Too: Stop Binge Eating, Overeating and Dieting For Good Get the Naturally Thin Body You Crave From the Inside Out
- My Philosophy For Successful Living
- The Millionaire Fastlane: Crack The Code To Wealth And Live Rich For A Lifetime
- Convert: The Simple Little Formula That Sold $450 Million Worth of Products Online
- How I Created a $175,000 Per Month Consulting Business in 90 Days
26. I will easily respond to friends and family members within 24 hours for 30 days straight by December 31, 2014.
Result: Goal Achieved in January!
I achieved this goal in January and did a great job with it, but I feel that I need to focus on it a bit more again. Since being back in Vancouver, I've been having a lot of people wanting to hangout with me or talk to me, which has been very overwhelming. On top of it, I continue to receive hundreds of e-mails and messages everyday through my blog and Facebook which I'd like to minimize. I've found that the more successful I've become, the MORE people want to hangout with me and be around me. High quality problem, I know… My plan is to create some new systems to better communicate with others and have my support team handle as much as they can as well.
27. I will easily perform 1 act of contribution every month (volunteer, feeding families, donating to charities) by December 31, 2014.
Result: In progress
During May, I contributed by giving to certain charities that I'm passionate about, as well as building the habit of giving to homeless people in my area and rewarding those that are adding value.
Final Lessons Learned In May
May was an incredible month for me! I've continued to make progress towards the goals that I set for myself for 2014 and have been able to maintain a great balance while doing so.
The biggest lesson for me during May was focusing more on celebrating and rewarding myself, while simplifying my lifestyle. I've realized that I have a habit of taking on too much at once (a lot more than what I can handle) and have learned to be more flexible with my goals.
I've found myself working too much to achieve some of the projects that I set out this year and I had to look at my reasons WHY the goals that I set for myself. The primary outcome for many of the projects that I set this year was so that I could make over $30,000 per month online, which I have exceeded this year. Because of this, I decided that I am going to put some of the projects that I have on hold and focus on enjoying myself more this summer and have more freedom in my life.
While I love working all the time and I'm extremely passionate about what I do, I've been getting burnt by it. I started to simplify by focusing on doing LESS and managing my projects better. Some of the projects I've set this year might not get accomplished or will be put on hold until winter time, and I'm okay with that. While I could achieve all of the goals I set, it would be at the expense of my freedom and balance. I'd have to be working evenings and weekends to complete some of these projects and I've realized there's no big rush for me to complete them, as I'm already achieving my primary outcome of over $30,000 per month.
This was a big lesson for me: flexibility and the ability to adapt my goals.
Since discovering this lesson, I've been feeling so much happier and there's been a huge amount of pressure taken off of me. 🙂
I also want to reiterate the lesson of continually focusing on PROGRESS, not perfection. Sometimes I get too hard on myself for not following my diet as consistently as I'd like or for not being where I want to be with some of my goals. I constantly have to remind myself to look at the PROGRESS I'm making and to reward myself for that. I know if I continue making progress, I will achieve all of my goals. It's a marathon, not a sprint.
These are some of the biggest lessons that I stand out for me during May. Overall, I enjoyed putting this Monthly Goals Report together and I look forward to doing one again for June. I’ve found that this public commitment has been pushing me to stay motivated and accountable as well, which is helping me to get more done also. Thanks for reading!
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