The $0-$10K/Day Case Study: Day 76

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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….interesting.

The day is over and I cannot really point to anything specific that I accomplished today.

Sure, I did a couple quick things on UpWork. I also did some work for my day job. I had a pitch call for consulting. There was a call with an inspector for an investment property that we probably won’t buy as the inspection failed.

But, I cannot really say what I got done.

No website work. Very limited work to make money. No work to build passive income.

This was absolutely the textbook example of the kind of day where you confuse motion with action. Sure, I was on my computer for most of the day.

But in terms of productive things actually done…it was nothing.

This is incredibly disappointing because the time at home is the perfect time to get significant work done on building up passive income. It will get much harder to get this kind of work done once we’re back in the office.

Days like this are okay. But, I think they’re only okay once a quarter.

I used my “once a quarter day.” Tomorrow needs to be better.

What I’m thinking about today

The big impact from the virus.

Things had been going relatively well. I had a good amount of income coming in from consulting, my job was stable, and the real estate units were adding up.

What I’m hoping is that I make it through the next 6 months with a limited impact on consulting income and my job, with all the excess time devoted to passive income ebooks and websites.

However, this virus could be the end of the consulting income for a while and could lead to a lay-off from my job. In that scenario, it will be incredibly difficult to reach the goal of 50 units by the end of the year.

This is the epitome of a Black Swan event.

It’s also a, potentially expensive, lesson on not to over-extend. A Black Swan killed many real estate investors in 2008/2009. It’s going to kill more now.

Lesson learned: do not over-extend your financial resources. A black swan can kill it all. I hope it doesn’t kill it now.

What I made today

Job: $250

Rental Income: $25

UpWork: $67.50

KDP: $2

Consulting: $0

Interview Coaching: $0

Medium: $5

Affiliate sites (2 sites): $0

Youtube: $0

Total: $349

Today’s pro-rated amount of monthly expenses

Expenses: $500

Today’s Income

Lost $151

My plan for tomorrow

Website work.

I built a dashboard to calculate out how many words I need to publish each day to stay on track. Because I’ve been not great on publishing content, I’m behind on this month’s goal.

By my calculations, I need to publish 5,603 words tomorrow.

That’s a shit ton of writing; roughly 12X the length of this post.

I better get writing

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

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Wake up & sleep:

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Exercise

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Stress levels

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Diet

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My Day Job

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Investment real estate

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My Actual Business

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Side Consulting

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$10K/day website

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Miscellaneous

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Rescue Time Daily Screenshot

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

Today’s Income (pre-tax)

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My plan for tomorrow

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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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