What I did today
Today was spent on real estate stuff. There’s a deal on the table for 6 units so I’ve been on the phone with lenders and inspectors to try and get this deal done. It’s definitely been fun and is part of real estate that I absolutely love.
I also posted a couple articles on one of my affiliate sites to help build up the content and traffic to that site. As always, it’s a slow game there.
What I’m thinking about today
The reason the real estate is important is that it’s the all-important passive income. If you read other entries, I often post about how finding clients is so important. But, real estate theoretically means I don’t need to worry about finding clients. Real estate means rent is coming in every day.
I’m thinking about how nothing of what I’m doing is that hard. Honestly, it’s actually extremely straight forward. I have a degree from one of the best business schools in the world, and I don’t need it to do this.
What really matters here is time. The question is: how long will you stay committed to this?
A website is ~150,000 words to make it worth anything. 1,000 words take about an hour to write, so that’s 150 hours. Throw in another 50 for website admin stuff.
That means 200 hours to grow a site.
It’s not actually hard. The question is whether or not you’ll stay committed for 200 hours.
How I’m Feeling Today
I’m feeling tired, but good.
Things are remarkably consistent right now. The biggest thing that seems to matter is just sticking with it.
What I made today
Rental Income: $25
Interview Coaching: $0
Affiliate sites (1 site): $0
Today’s pro-rated amount of monthly expenses
My plan for tomorrow
Tomorrow is going to be a heavy consulting day. I need to find an inspector for the property still, but I have some slides to make so that’s going to be the biggest driver of time tomorrow!
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
The hope is that this series of posts will inspire someone else out there to make their entrepreneurship dreams happen.
Dean Woods is currently a VC-backed startup 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.