The $0-$10K/Day Case Study: Day 110

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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

Happy weekend!

It’s good to have a bit of time off. I’ve been slammed this week with work, so getting the day yesterday to spend time with my fiancee was really nice and much needed. We had a lot of interesting conversations yesterday about what it takes to be successful.

One thing we really agreed on is that it takes knowledge to look for a deeper meaning.

That’s a big consulting buzzword, but it’s a remarkably important phrase to understand how detailed people think.

Here’s an example. Bear with me, it might need some context.

The NFL draft just happened, which is the annual event where NFL teams pick college players to join then. It goes in order, where the last-placed NFL team gets the first pick, and so on. It’s somewhat like picking a team in a schoolyard game.

The Packers were without a doubt the story of the NFL draft. They have Aaron Rodgers who at 37 is still one of the best quarterbacks in the league. They almost made the Super Bowl last year. The general consensus is that the team needs better Wide receivers (who catch passes from Aaron Rodgers) to make the Super Bowl.

The team also have Aaron Jones, an up & coming running back with one year left on his contract who is great out of the backfield. However, it will be easier for him to run the ball if the Packers had good wide receivers. The reason why wide receivers would help him is a defense would need to try to prevent a run & a pass play. With shitty wide receivers, defenses can just play run defense against Aaron Jones, knowing that he’s the biggest threat on the field.

Sorry for the context if you are an NFL pro.

So, here’s what the Packers did:

  • They used their first pick (read: most valuable) on a developmental quarterback. He won’t play as long as Aaron Rodgers is on the team
  • They used their second pick on a running back. He won’t play as long as Aaron Jones is on the team
  • They didn’t draft a wide receiver

Packers fans are PISSED. Their message is: we were so close to the Super Bowl last year. If you draft wide receivers who are good, Aaron Rodgers and Aaron Jones can help the Packers win the Super Bowl this year.

Do you see the deeper meaning? I hid it in the context….

 

 

 

This draft tells me the Packers don’t expect there to be a 2020 NFL season due to COVID.

Think about it: if the Packers were playing for 2020, then adding a wide reciever makes sense and this draft doesn’t.

But, if they are playing for 2021, then this draft makes a ton more sense. In 2021,

  • Aaron Rodgers will be 38 and almost definitely on his last season, mentoring the developmental quarterback for one year before he plays
  • Aaron Jones will have had his contract expire and leave the team, meaning the new running back will be playing.

Always, always, always look for the deeper meaning. If you don’t see the deeper meaning, then you don’t see the story that is happening.

It’s hard to win a game of chess if you don’t see all the pieces on the board. That’s why reading matters. That’s why learning from other people matters.

Take the time to learn. It will pay off in the end.

 

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:

My strap is being dumb right now so I’m not sure what the specifics of my sleep are.

Overall, I think I slept okay though.

Exercise

I went for it today. I did ~25 minutes of jump squats, doing 30 squats per minute, then resting until the start of the next minute.

Diet

Diet was pretty good! Lots of eggs with spinach and spinach for dinner.

We got a Costco sized bag of spinach

My Day Job

Saturday.

Investment real estate

No action here. Just rental income.

Side Consulting

I have a few projects going on now.

Business plan

Still haven’t heard from my client

Private Equity

I sent a follow-up deck with a few tweaks.

Financial modeling

This client called me a few times with a few tweaks but overall lift on my part was less than 30 minutes total.

Sourcing new work

Scheduled time to talk with that old client I mentioned, so excited about that.

$10K/day website

I spent ~30 minutes to publish yesterday’s post.

My designer is taking forever and it’s high time I learn how to just build a website myself.

I bought Elementor Pro and Astra Pro, and I started watching YouTube videos about how to use them.

My Startup Business

A slight refinement of the plan here regarding how much I plan to spend, but not totally there yet.

Family

Lots of fiancee time. We had a couple of really interesting conversations regarding what it takes for people to be successful, which was mentioned above.

Miscellaneous

I’m looking at buying a car.

We have the baby coming, which means a car will probably be necessary to move around, which is needed during COVID.

It’s added expense though, which blows.

We’ll see what happens.

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

My business:

Affiliate: Not doing yet

WordPress Maintenance Site: 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 (pre-tax)

Made $173

My plan for tomorrow

Tomorrow is Sunday and I’m going to:

  • Do  absolutely nothing  (outside of this post) to  spend time with my fiancee

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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