What I did yesterday to make $10K a day at 30
The current phase of the planI’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 slept great, 8 hours and 36 minutes, waking up at 7:04 and going to bed at 9:51 My activity and productivity was through the roof. I think it’s directly related to having gotten so much sleep. I really need to keep this up from a sleep perspective.
ExerciseConsistently active. I was on calls all day so I was pacing while on those calls.
Diet was pretty shitty, even for quarantine. I made my fiancee chocolate chip pancakes with bacon for breakfast, and then we had some Costco pizza for dinner.I need to work out tomorrow.
My Day JobI had ~5-10 meetings yesterday. I’m doing a couple of different projects and I’m getting relatively busy. A friend at the office is going to help out with one of those projects, which is greatly appreciated!
Investment real estate
As mentioned yesterday, it was time to follow up with the less good property management company.I did, and they finally responded. We’ve owned this property for 4 months now and they are literally just getting about renting two of the vacant units. My attitude towards them has long been “don’t piss them off.” We absolutely need them since we live several hours away from the property. That being said, not even listing two of the units is pretty shockingly sub-par. I’m now going to keep a much tighter leash on them and email them back and forth to ensure they keep units occupied and good to go. They emailed yesterday. We have one tenant who mows the lawn in exchange for $50/month off rent. Apparently the lawnmower broke and he wants $100 off rent to buy one. This feels like it could be scammy, but we also want to ensure to keep him mowing the lawn because it’s cheaper. We told the property manager that if he produces a receipt for a lawn mower, we’ll knock off up to $100 off his rent next month. Candidly though, we shouldn’t have to do this shit about a lawn mower. I shouldn’t need to have to email a property manager to rent two units. That’s what their job is. The problem is there are no other managers in the area. Lesson learned: only buy if there are good property managers in the area. It’s also a smaller property with only ~7 units. My guess is we’ll sell this building in the next ~3-5 years and do a 1031 into something else. Thank god we don’t have to worry about the other property manager.
I have a few projects going on now.Business plan This has been the client who has had some pushback. I did a bit more work and emailed it over to him. Private Equity Nothing. I’ll email tomorrow Financial modeling Small edits, but we should be just about done. Canadian Financial modeling This is a fun one. This was the client I mentioned in the last post who reached out and wanted to hire me on the spot. He’s chatty. He was on the phone with me for an hour the day before, 90 minutes today, and wants another 90 minutes tomorrow. I’m extremely close to walking away from this project, which is $2,500 because I’m afraid the hassle isn’t going to get better. He hasn’t placed money into Escrow on UpWork as well. If he doesn’t, I’ll walk away. Sourcing new work Nothing yesterday
$10K/day websiteI spent ~30 minutes to publish yesterday’s post. My redesign is almost ready, so I’m very excited about that! Family Fiancee time for breakfast and after finishing up work
MiscellaneousNothing Misc today!
Rescue Time Daily ScreenshotNot the most productive day, seen by only a 57/100 and a ton of red.
What I made today
Rental Income: $33
My business: $0
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
Today’s pro-rated amount of monthly & yearly expenses
Once I pay off my debt, I’ll break out expenses into a line by line as well.
Today’s Income (pre-tax)
My plan for tomorrow
Tomorrow is Thursday and I’m going to:
- Follow up with my rea
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.