What I did today
Yesterday, I outlined a detailed plan, by the hour, of what I wanted to do today.
Most of that was right. There were a few things that were a bit off though, largely driven by last night. I ended up being up until nearly 3 am to get some work done for one of my clients. I have literally one thing left for them and I’m done, so I’m excited to wrap that up tonight and then move on!
The next piece is for another private equity client of mine. In short, these guys hire me when they are thinking about buying a company. For example, let’s say it sells dog food. The financials make sense, but they want someone like me to look at the market and help them make a determination of whether or not the dog food market is interesting.
I’ll then look at key questions like:
- Is the market growing? Why is it growing?
- What are key trends in the market place?
In short, my job is to save them from putting millions of dollars into a shitty deal and encourage them to put money into good deals.
It’s a fun job for that reason. It’s also an unpredictable job then, because when a deal is live, it means the private equity firm has less than a week or two in order to decide to buy that company. That means I have a week or two to decide.
So, if I need to work late, then I gotta do it.
Which, again, is fun.
But it’s also not sustainable. Tonight again is a late-night coming.
It’s time to continue to invest into other resources in order make money without needing to put in these hours.
What I’m thinking about today
I’m thinking about long term planning. The title of this website is $10k/day by 30. I have more than a few years to reach that goal, but that also means I need to plan how to get there.
I write goals down every day that I will get to that mark. For that reason, I’ve built a very large financial model to project out my earnings.
In short, I need to pay off my debt, build up passive income quickly, then port it into real estate.
How I’m Feeling Today
I’m feeling good. I did end up going to the Yoga class today so I’m feeling good due to the exercise. Let’s keep doing more of that.
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 will be spent with my fiancee and doing some of that private equity work, when I’m not at the office!
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.