The $0-$10K/Day Case Study: Day 107

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Overall, I love my life. But yesterday fucking sucked

I have the love of my life, my beautiful fiancee. She’s my everything. We have a baby on the way. We’re happy and healthy and employed. We have 13 rental units.

Life is ostensibly really good.

Here’s the other side to it. Entrepreneurship is really fucking difficult. I chose this path, I freely admit it. I chose to want to push myself to do more than standard, even though knowing it would make my life more difficult. I “opted in.”

But, here’s what that means.

  • It means stress on a daily basis that I’m not going to be able to sell enough work to cover the mortgages because the investment property isn’t cash flowing yet.
  • It means working for 14 hours a day and still feeling like I’m behind.
  • It  means constantly second-guessing myself on whether I should have left my job
  • It  means friends pitying me  because I don’t have a stable income like they do
  • It means doing damage to my body because I’m not getting up,  moving,  or exercising because I  need to keep working.
  • Most importantly, and worst of all, it means that I’m not spending time with my beautiful fiancee because I’m spending it with my laptop.

The day-to-day struggle of entrepreneurship is a lot. It’s why I firmly believe vilifying entrepreneurs who are successful is stupid. They didn’t do anything wrong, but they certainly struggled to get to where they are. Watch this.

But at the end of the day, all of this is worth it when you feel like you are making momentum. On days that are positive, where you are helping clients and can see progress towards your goal, it’s absolutely worth it. These days  happen every once in a while, with most days being “average.”

Yesterday sucked because yesterday wasn’t one of those good days at all. In fact, it was a really bad day because it resulted in my private equity client being unhappy with the work product I gave them.

They had every right to be. I had made not one but two stupid mistakes in my math on the key slide. That rendered my entire argument as weak and impacted their opinion of how the project was going. Rightfully so.

This made me feel like shit. I give up a lot and push myself to be able to do all the work that I’m trying to do. I want to feel like I’m successful and that I’m achieving what I set out to do. I want my clients to be happy.

And they weren’t.

Which affected me more than I wanted it too. It made me disappointed, and even doubt if what I’m doing makes sense to do. It made me not really want to do consulting.

This was definitely a “down” day in consulting.

Tomorrow will be an up.

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 10:37pm and woke up at 7:17 for a total of 7 hours and  52 minutes asleep. I stretched before going to bed, so I’m feeling pretty great.

Whoop agrees, having put my recovery at 96%!

I’ll take it!

Exercise

I walked 6,000 steps around the apartment while on calls, which is great. Of course, the calls themselves didn’t go super well today.

I’m going to hopefully do a legit workout today.

Diet

Diet was relatively good. I had some eggs and some cereal.

My Day Job

It was a Wednesday, so I had a couple of calls for work. The team is a little antsy at the office because of some frustration and tension between the team. If anything, it’s a great explanation of why culture matters so much.

Investment real estate

We heard from one property manager about the electricity bill issue from the other day. It sounds like the prior property management firm didn’t pay the bills, which is ABSURD! Fortunately, the property manager has gotten the thumbs up from the prior owner that they will cover the bills that their property manager didn’t pay.

This property manager is crushing it. We have two vacant units and she’s already had new floors put in, closets built out, and adding in new ovens. My guess is we’re going to be making ~$1,000 from this building per month, starting next month.

I did spend some time getting the Stessa dashboard together

Side Consulting

I have three projects going, but two are almost done.

Business plan

Waiting on feedback from the draft powerpoint shared with my client.

Private Equity

Talked about above. It sucked. I’m hopeful the project is over soon.

Financial modeling

I did  some wrap-up work here, but nothing  crazy

Sourcing new work

No new work right now!

$10K/day website

I spent 27 minutes,  according to Rescue  Time, to publish yesterday’s post and work with my developer guy on the redesign.

Family

My fiancee gave me some great insight yesterday while talking through my consulting project. She helped me recognize where I tripped up.

Miscellaneous

Nothing today

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. Busy as shit day!

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

What I made today

Job: $170

Rental Income: $33

UpWork: $0

Consulting: $220

Affiliate: Not doing yet

Micro-SAAS’s: Not doing yet, 

Hotels: Not doing yet

Dividend Income: Not doing yet

Total: $423

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 $173

My plan for tomorrow

Tomorrow is Wednesday and I have to:

  • Fix private equity
  • Follow up work
  • Case study prep
  • Set up Keeper for freelance expenses

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

Wake up & sleep:

Exercise

Stress levels

Diet

My Day Job

Investment real estate

My Actual Business

Side Consulting

$10K/day website

Miscellaneous

Rescue Time Daily Screenshot

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

Today’s Income (pre-tax)

My plan for tomorrow

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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