The $0-$10K/Day Case Study: Day 104

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DISCLOSURE: THIS POST MAY CONTAIN AFFILIATE LINKS, MEANING I GET A COMMISSION IF YOU DECIDE TO MAKE A PURCHASE THROUGH MY LINKS, AT NO COST TO YOU. PLEASE READ MY DISCLOSURE FOR MORE INFO

I just didn’t want to work yesterday. I felt sick, tired, crappy, and honestly just wanted to spend time with my fiancee. After all, I’m doing this whole emphasis on build passive businesses so I can get to spend more time with her.

So, Sunday was overall a bit of a low-key day. I had a call with a client who hired me for a ~48 hour project. I thought the call was going to be ~15 minutes, but it ended up being nearly two hours! The client has hired a ton of consultants to help, which is smart because it magnifies their team’s size by 3x at a critical juncture.

Where it’s running into  roadblocks though is there isn’t a cohesive strategy underlying all of this. It’s throwing bodies at the problem when there also needs to be a clear plan for those bodies. For example, I thought  I was doing one thing for them, when it turns out  I’m doing something completely different.

Either way, I can deliver what they are looking for even though it is something different.

However, it’s a good reminder that my life isn’t totally, 100% my own when I’m consulting.

Sure,  I don’t need to physically be in the office. I don’t really have a boss.

But, when the client asks for something, the client gets it!

What I did yesterday to make $10K a day at 30

The current phase of the plan

I’m in Phase #1:  The Job & Side  Hustle Phase.  You can read more about the phases and my plan to get to $10K/a day at 30 here.

Wake up & sleep:

I went to bed at 12:01am and woke up at 6:55 for a total of 6 hours and 40 minutes of sleep. I felt tired as hell when I woke up, but must less sore. The Whoop has me at 68% recovery, so it checks out.

I think the stretching is actually extremely helpful, so I’m going to keep doing it.

Exercise

It’s a weekend so we decided on 15,000 steps around the apartment. It’s tedious, but necessary to get my energy levels up.

Especially with all the work I’m going to have to do tomorrow to catch up on what I didn’t end up doing today!

Diet

Diet was pretty plant-based,  which is always good.  Breakfast was pancakes, lunch was homemade sweet potatoes, dinner was a big fruit smoothie with greek yogurt.

Not super hungry.

My Day Job

Sunday.

Investment real estate

Not much going now that the property in Grand Forks is now off the market. I’m still bummed about it, but that’s okay. We’ll buy the next one.

I do like the fact it was 10 units. I think buying 10 units or more should always be the goal. That way, even if 5 people move out, you still have 5 tenants paying rent.

As I talked about yesterday, right now it’s worth it to risk financial ruin to get as many high-quality units as possible this year.

Side Consulting

I have three projects going.

Business plan

I didn’t do any work here (Sunday with  my fiancee)

Private Equity

Ditto.

Financial modeling

I had the big two hour call, and I did some modeling work.

Sourcing new work

No new work right now! I would like some new work though!

$10K/day website

I spent ~55 minutes,  according to Rescue  Time, to publish yesteday’s post and work with my developer guy on the redesign.

Family

My fiancee and I had a nice day together, which is all that matters to me!

Miscellaneous

One interesting thing here. I used to do Amazon Affiliate marketing until Amazon absolutely blew up that program. I have a few sites that I’m trying to sell now to fix that. One guy reached out and said he is interested in buying them, we negotiated, and it looks like he will take them for $2,500!

I’m pretty pumped about that and I’ll gladly sell them to wash my hands of it. That $2,500 will also help a ton as we get closer to buying that new 24 unit.

Rescue Time Daily Screenshot

I invested in Rescue Time, to help me understand where I’m spending my time vs. not, but really for the purposes of the case study. It looks like barely any time, which checks out.

(I know all these photos are pixelated! Working on fixing it)

What I made today

Job: $170

Rental Income: $33

UpWork: $0

Consulting: $1,581.45

Affiliate: Not doing yet

Micro-SAAS’s: Not doing yet

Hotels: Not doing yet

Dividend Income: Not doing yet

Total: $1,784.45

Today’s pro-rated amount of monthly expenses

Expenses: $250

Once I pay off my debt, I’ll break out expenses into a line by line as well.

Today’s Income

Made $1,534

My plan for tomorrow

Tomorrow is Monday and I’m going to pay the price for my not-productive Sunday

I think probably  ~10  hours of work:

  • Outline my final deck for my PE client
  • Lots of businss plan work
  • My quick-hitting project
  • and my day job!

 

Shit!

About the Author & The $0-$10K/Day Case Study

Dean’s goal is to create $10,000/day in passive income through entrepreneurship. Too many people write “success porn” that skates over the struggles many face in entrepreneurship. His goal is to create something real that highlights the lack of sleep, disappointment from family, and setbacks you really face in entrepreneurship.

To read more about how this case study is set up, check out the ground rules here.

The hope is that this series of posts will inspire someone else out there to make their entrepreneurship dreams happen.

Dean Woods is currently an executive by day and a bootstrapped micro-startup CEO by night. Prior to working in startups, Dean was a management consultant. Dean graduated with honors from The Wharton School.

What I did yesterday to make $10K a day at 30

The current phase of the plan

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Wake up & sleep:

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Exercise

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Stress levels

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Diet

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My Day Job

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Investment real estate

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My Actual Business

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Side Consulting

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$10K/day website

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Miscellaneous

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Rescue Time Daily Screenshot

Today’s pro-rated amount of monthly & yearly expenses

Today’s Income (pre-tax)

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My plan for tomorrow

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Dean Woods

Dean Woods

Dean’s goal is to create $10,000/day in passive income through entrepreneurship. Too many people write “success porn” that skates over the struggles many face in entrepreneurship. His goal is to create something real that highlights the lack of sleep, disappointment from family, and setbacks you really face in entrepreneurship. The hope is that $10K a day swill inspire someone else out there to make their entrepreneurship dreams happen. Dean Woods is side hustling and working a full time job to kickstart his entrepreneurial path. Prior to this life, Dean was a management consultant. Dean graduated with honors from The Wharton School.

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