It's the end of Q1 – one of the hardworkingest periods of my life ever. Was it worth the sleepless nights and the stress? Time for an #open report
Swizec LLC, Jan 1st 2019 – Mar 31st 2019
🤑$105,160 total inflows
💸$83,554 total outflows
Let's break it down 🤔
👨💻$21,460 dayjob contracting
💰$21,850 pulled from savings
👾$14,556 product sales
Savings make this inflows instead of revenue. I'll explain
💰$15,650 SEP IRA contribution
Again savings make it outflows, not costs
PS: $12,923 for staying alive&happy
PPS: $20,670 credit card debt bye bye
My day job is now a contracting gig. That happened in October. I still love them, they still love me. 4 days/week gives me more time to sidehustle and to everyone's surprise means I do better work at work. Less stress maybe?
How on earth did I pull off both $47,000 in consulting AND $21,460 in day job contracting in just 3 months?
$32,000 of that consulting was for work done in 2018 😇
My year in review post mentions an outsanding invoice. This was that. Phew
About those savings shenanigans ... pulling $21,850 from savings and putting $15,650 back into different savings ... not exactly a business move is it?
Except it is. Lemme explain
Some of it would have to go to taxes eventually. This March.
Accountant ran the numbers and suggested I move some of that money into a SEP IRA fund instead. Lowers my taxes, but means I can't touch the money for ~30 years.
So I did that.
Better 65 year old Swizec have the money than Uncle Sam using it to drop bombs on innocent children, right? He sure ain't using it to solve homelessness or health care ...
The $5,800 difference between what I pulled and what went back into a SEP ... that covered what I was short for in taxes. Paid taxes on time with no delay for the first time ever 💪
Perhaps this year I'll even keep up with quarterly payments 😛
What was I gonna say next ... oh yeah: Was it worth it?
⏳352 hours day job
⏰65 hours consulting
⏲253 hours product stuff
Removing work done last year, savings stuff, work that pays next quarter ...
... $34/hour 🤔
That's ... not great? I honestly can't tell anymore but I'm sure BigTech pays better than that. 😅
But I got 3 months salary buffer so I got that going for me.
🎉 Ok but in terms of what went well Q1 was a great success! 🎉
started+finished a freelance project
(finally) launched ReactForDataViz.com
paid my taxes
paid off my credit card
2 workshops at Reactathon
1 new workshop built from scratch
And that one might present a whole new way forward beyond React + D3. ✌️
As for what went wrong ... not much.
@willfanguy left me for a BigCorp job after 3 years of helping on the side. Needed to focus to crush it.
Dropped a bunch of balls during the ReactForDataViz.com launch. But I can pick those back up in April :)
Now all I gotta do is figure out what I'm doing with Q2 🤔Was so focused on Q1 I forgot to make any plans for the future lol
Learned something new?
Read more Software Engineering Lessons from Production
I write articles with real insight into the career and skills of a modern software engineer. "Raw and honest from the heart!" as one reader described them. Fueled by lessons learned over 20 years of building production code for side-projects, small businesses, and hyper growth startups. Both successful and not.
Subscribe below 👇
Software Engineering Lessons from Production
Join Swizec's Newsletter and get insightful emails 💌 on mindsets, tactics, and technical skills for your career. Real lessons from building production software. No bullshit.
"Man, love your simple writing! Yours is the only newsletter I open and only blog that I give a fuck to read & scroll till the end. And wow always take away lessons with me. Inspiring! And very relatable. 👌"
Senior Mindset Book
Get promoted, earn a bigger salary, work for top companiesLearn more
Have a burning question that you think I can answer? Hit me up on twitter and I'll do my best.
Who am I and who do I help? I'm Swizec Teller and I turn coders into engineers with "Raw and honest from the heart!" writing. No bullshit. Real insights into the career and skills of a modern software engineer.
Want to become a true senior engineer? Take ownership, have autonomy, and be a force multiplier on your team. The Senior Engineer Mindset ebook can help 👉 swizec.com/senior-mindset. These are the shifts in mindset that unlocked my career.
Curious about Serverless and the modern backend? Check out Serverless Handbook, for frontend engineers 👉 ServerlessHandbook.dev
Want to Stop copy pasting D3 examples and create data visualizations of your own? Learn how to build scalable dataviz React components your whole team can understand with React for Data Visualization
Did someone amazing share this letter with you? Wonderful! You can sign up for my weekly letters for software engineers on their path to greatness, here: swizec.com/blog
By the way, just in case no one has told you it yet today: I love and appreciate you for who you are ❤️