The $0-$10K/Day Case Study: Day 116

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Day 116

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

Things have objectively been pretty good the past few weeks.

Income has been high. We have our eye on a 24 unit in the territory of the good property manager. Depending on where my tax bill comes in (it should be high….I talked about that a bunch a week or two ago, we might be able to close on that building in the next ~60 days or so!!

But, something has been “off.”

I’m exhausted. Mentally, I’m just gassed and I need to sleep. A lot, actually. I need a break. I don’t really want to keep going. I really want to stop.

One thing you read about a lot is how the entrepreneur journey is full of ups and downs, and that founder burnout is a real and pressing issue. How many of us have this picturre?

I’m on that “low” point today.

And  I feel guilty about it.

I feel guilty because, as you’ll see below, I made a good amount of money. I had some good conversations that I believe will lead to even more money down the line. I’m objectively in a better position than most people in the world are.

But, I just feel tired and like I want to take a break.

Hypothesis: My problem is trading time for money

Looking at my days, I think my problem is that I’m just trading time for money. I’m getting paid, but I’m getting paid in direct proportion to the amount of time and effort I put in.

In other words, the only way to increase my income is to increase the time I put in.

This works, up to a point. The points are:

  • Burnout, of which I think I’m  close
  • When family obligations get in the way. The baby coming in a month or two will be another point

I’m working essentially three full-time jobs right now, plus doing this case study.

I just need to hold on for a bit longer. I think six months at the earliest, 18 months at the longest

 

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 slept great, 8 hours and 7 minutes, waking up at 7:34 and going to bed at 10:57.

Whooop had me at 96% recovered, and I believed it. I was feeling energized and was cranking through work in the morning.

I ended up feeling tired by noonish.

Exercise

It was a  pretty great day. I did an hour of jump squats in a row, which is one of the longest cardio workouts I’ve done in a long time.

I’m realizing that this workout might have played a fairly significant role into why I’m so tired and run down.

I’m glad I did it, but maybe I need to tone it down.

Diet

Diet was coffee, curry, and ice cream.

Also, I’m realizing this probably didn’t help at all.

I’m going to go super healthy diet for the next  few days to help balance it out.

My Day Job

I did absolutely nothing

Investment real estate

Nothing done here. We were supposed to hear about the submetering from yesterday but didn’t.

Side Consulting

I have a few projects going on now.

Business plan

We spoke on the phone. Almost done here, few more hours left.

It sounds like I’ll get a new project here with this client.

Private Equity

No action here.

Financial modeling

I had a quick call with the client, but no work was done.

Frameworking

I sold a quick-hitting project to help a company out with some frameworking, with the possibility of doing more work together down the line. These guys reached out to me directly.

Sourcing new work

No action here.

$10K/day website

Just publishing the daily post.

Family

My fiancee and I were feeling some trashy TV so we watched “2 hot 2 handle”

Miscellaneous

Nothing Misc today

Rescue Time Daily Screenshot

A much better day with 10 hours of work and productivity about 75.

What I made today

Job: $170

Rental Income: $33

UpWork: $0

Consulting: $275

My business: $0

Affiliate: Not doing yet

WordPress Maintenance Site: Not doing yet

Dividend Income: Not doing yet

Micro-SAAS’s: Not doing yet, 

Hotels: Not doing yet

Dividend Income: Not doing yet

Total: $478

Today’s pro-rated amount of monthly & yearly 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  $228

My plan for tomorrow

Tomorrow is Saturday and I’m going to:

  • Sleep
  • Try and sublet our apartment so we can move somewhere cheaper

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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