The $0-$10K/Day Case Study: Day 129

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Day 129

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Yesterday was wildly productive, but not at all on the business front.

My fiancee and I are moving and are getting a new car. We finalized both of those yesterday, which made yesterday pretty busy. The next week or so will probably be pretty busy as we move and get situated and get the car set up.

It’s definitely going to be a busy time, to say the least!

On the other hand, that means my productivity for work was much lower yesterday than  I would have liked.

In my mind, it’s okay to have days where my productivity is lower as long as it’s leading to some sort of benefit.

In this case, moving to a cheaper place means saving more money on a day-to-day basis.

For example, this new place is roughly $18,000 a year cheaper than the current place. Here’s the math:

By devoting 5 hours to save $18,000, it works out to be an effective “income” of $3,600.  Calculated differently, it means saving roughly $50 a day when you divided $18,000/365 days.

Here’s where that’s even more important.

We typically buy investment property for ~$50,000 a unit. That means if we were going to buy a 10 unit building, it would cost $500,000.

That means a downpayment is 20% of a $50,000 unit is $10,000. That unit will cashflow roughly $125 a door per month, forever.

By saving $18,000 this year, that’s almost enough for another two units right there. Buying two more units there means ~$250 a month in cash flow in perpetuity.

This is why I said the day was wildly productive, but not on the business front. WE technically saved a ton of money yesterday and made money by being able to invest in real estate with this cash, but I didn’t really do a lot on the business front.

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 woke up at 7:31 am after going to bed at 10:33, for a total amount of sleep of 8 hours and 3 minutes.

Recovery was better at 56%, but a big driver of this was the fast I was so behind on recovery yesterday.

For that reason, I’m almost expecting today to be a relatively low energy day. Of course, I would love it to be higher, but we have a move to execute on now!

Exercise

No exercise at all, which again is shitty.

Once we move to the new place, I think I’ll look to go running more or do similar types of things in order to get up and get moving. I need to start adding in more steps and more miles to get back to a good vibe.

Stress levels

I was at a 4/5, with 1 being the highest.

It was fun doing the move stuff.

Diet

Diet was coffee, some pasta with broccoli, and some sweet potato fries. 2/5 with 1 being the best.

My Day Job

A few calls, but nothing crazy. My fiancee and I had a lot of long talks here about my day job.

There’s a couple of problems. The first is that I don’t really feel inspired about anything going on at the day job. That’s okay, because I’m working 2-3 hours a day and getting paid to do so. Most of us work not-inspiring jobs.

The bigger problem is the business feels like smoke and mirrors sometimes. There is a lot about the day job that doesn’t sit right with me as what we promise customers and what we deliver is very different.

I feel like I’m more interested than ever in leaving.

Investment real estate

Nothing here today, which is just the way we like it!

My Actual Business

Nothing productive was done here today.

However, all of the conversations about the day job naturally lead here. After all, if you aren’t going to work a day job, what are you going to do?

I’m continuing to spend some time building out my logic of where  I think I want this business to go. I might actually write a post on how I’m going to try starting this business. I think the plan is really coming together.

A touch more work here and there and the plan should ready to begin executing on.

Side Consulting

I have a few projects going on now.

Business plan

I did two hours here, and have a few more follow up things, but we’re on the back end of this project.

Private Equity

I heard back from this project and they have a few small things they want me to fix, and then things should be good to go!

Financial modeling

I did some finishing work here, and then sent it over to the client for comments.

Frameworking

We finalized paperwork and are now signed up and ready to go!

Sourcing new work

Nothing here

$10K/day website

Published the post

Family

Lots of great talks with my fiancee about work and business

Miscellaneous

Nothing really here

Rescue Time Daily Screenshot

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

Today’s Income (pre-tax)

Made  $518.43

My plan for tomorrow

Tomorrow I need to:

  • Some business plan work for my client
  • A meeting to review the modeling
  • Write a post for a recurring client
  • Do some moving stuff

Overall, it feels like a manageable plan for tomorrow and a good day to finish up with everything regarding the move.

1,627 days until I turn $30. I’m making $10K a day passively by then

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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