What I did today
Today was a negative cash flow day again today. That’s always a bummer.
Overall, I’m not worried though because today was focused on building for the long run. Today, I:
- Did a lot of real estate work. If both of the existing deals under contract go through, we’ll own 22 units. Those 22 units should contribute ~$120/day in income that is entirely passive.
- Negotiated on a several month consulting engagement. This project should end up being somewhere between $30-$50K, which should be the downpayment of another multi-family property that contributes ~$1,000/month in passive income
- Published a new book on Kindle KDP that I’m excited to share
Long term building, short term pain.
What I’m thinking about today
I’m thinking about how I’d love to do more.
Right now, I’m 70 days into this case study and a few years into this passive income journey. I used to study real estate while in college because I couldn’t wait to eventually start buying it for the passive income.
And, for all intents and purposes, it’s going well. I’m largely making a fair amount of money.
But, I want to be doing more.
I’d love to build and launch micro-saas products. I’d love to buy small product brands that are doing great things but could go even further. Taking those products from good to great would be SO much fun.
I’m not there yet. Hell, I’m probably 5 years from that.
But, I want to be there now.
I think this is where discipline comes in. You hear from famous entrepreneurs all the time that you need substantial discipline to not get distracted by shiny object syndrome and where you want to go. Instead, you need to ignore all of that and focus on where you are now.
That will be difficult. Extremely difficult actually! But, I think it’s what I need to do for now.
What I made today
Rental Income: $25
Interview Coaching: $0
Affiliate sites (2 sites): $0
Today’s pro-rated amount of monthly expenses
My plan for tomorrow
Tomorrow is a website day since I don’t have an active consulting project. Let’s publish some more content out there on the affiliate sites!
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.