The $0-$10K/Day Case Study: Day 69

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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

What I did today

Today was good in the long run but poor in the short run.

In the short run, as you can see below, I actually lost money.

On that note: I’m sure the HUGE daily expense number has caught your eye. I know it’s high. It’s crazy high actually.

The long and the short of it is I have some debt, with a quick turn around period. That debt should be paid off in the next 120 days. When that happens, I expect my expenses to drop to about $123 a day and MAN is that going to be sweet.

I can’t wait for that. It’s been more of an emotional burden than expected, so being able to pay that off would be incredibly vindicating.

In the long run, today was successful in that I’m looking likely to bring in a new consulting engagement. This project should be long, which is great because it’ll provide stable cashflow.

I have some money, not a lot, but some money invested in the markets. I’ve sold it all due to Corona Virus fears and the fed rate cut.

For that reason, I’m planning to sit in cash for the foreseeable future. If the market swings down due to the virus of the fed rate cute, then I won’t get hit.

What I’m thinking about today

I have some money, not a lot, but some money invested in the markets. I’ve sold it all due to Corona Virus fears and the fed rate cut.

For that reason, I’m planning to sit in cash for the foreseeable future. If the market swings down due to the virus of the fed rate cute, then I won’t get hit.

I’ve worked extremely hard, and extremely long hours (I’m again writing this after midnight, after another 16 hour day) for that money. I don’t really want to lose it due to market downswings.

When the market goes down, however, then I’ll invest aggressively.

What I made today

Job: $250

Rental Income: $25

UpWork: $45

KDP: $0

Consulting: $0

Interview Coaching: $0

Medium: $5

Affiliate sites (2 sites): $0

Youtube: $0

Total: $320

Today’s pro-rated amount of monthly expenses

Expenses: $500

Today’s Income

LOST $180

My plan for tomorrow

Tomorrow will involve lots of small things for the websites. One is starting to show some solid results, so I’d love to keep that up!

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.

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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