What I did today
It was a Saturday, so I got less work done yesterday but more time with my fiancee, so, overall, it was a good day.
Wake up & sleep:
I woke up at 6:20 am for a total amount of sleep of 6 hours and 51 minutes. These numbers feel pretty par for the course thus far during the quarantine. Overall, not the worst numbers in the world, but not the best.
I took a walk around our apartment for an hour or so, which should break out to be a few thousand steps.
It’s a logical question to ask why I’m not going outside right now for a walk.
For me, it’s a trade-off between benefit and cost, as is everything else in life.
We live in downtown Chicago, with thousands of people in the area. With that in mind, and the fact the virus lives on surfaces, the calculus is rather simple to me: I think, right now, it’s a 5% chance every time I go outside in downtown Chicago. That percentage will spike higher over the coming weeks.
For us, I have big, big plans on what I want to do with life. I love my family and don’t want to miss anything. For me, a 5% risk is simply unacceptable to tolerate.
I’m 100% okay with leaving a well-paying job to be unemployed and trying to start a startup. If you offer me a guaranteed $50K or 50% chance of $100K, I’m taking the $100K.
Because in those circumstances, I can always come back from that setback.
I can’t come back from death.
I’m not willing to accept that risk.
Morning coffee, smoothie, a muffin for my fiancee. Standard quarantine stuff, and I’m looking forward to getting back to an organic, plant-based diet.
My Day Job
Investment real estate
Standard scrolls through my saved searches and found an interesting value-add deal in Indiana.
It doesn’t change much, because I still have my eye on that 24 unit, a 25 unit, and a 4 unit in our PM’s territory.
I outlined the next 4 books for my authors.
The goal here is to have my thoughts be captured, but I save the dozens of hours it takes to write the books.
I have ~15 books published and I’m making ~$30/month from them.
My goal is the relationship between books published and income scales exponentially, so when I have 50 books published at the end of the year, I’m making ~$250+ a month from them.
Each book is ~$100 to have written, cover, and publish, so that’s a $5K investment to get $250 in recurring monthly revenue.
I’m okay with that ROI, because $250 in income is ~2 rental units. That would have cost about ~$20K/unit, or ~$4K/unit downpayment.
So, with the books, I got the same return for $5K instead of $8K with the real estate.
Obviously, real estate is better due to the tax benefits, appreciation, and the fact Amazon can’t randomly shut me off one day!
But, for now, the more income I have from ebooks that I can milk, the more real estate I can buy.
Amazon Affiliate Websites
I published one article on the second site I’m trying to grow. That site actually has more content (nearly 100K words), but literally no visitors. I’m beginning to think something is technically wrong with it. I’m going to keep marching along and publishing content and buy a few links before I get totally worried and hire someone.
The other positive news is my other site, the first one, had a milestone moment of over 30 search visitors on the day. That’s a milestone because, if this pace continues, that means 1,000 visitors a month!
I also had sale #2 yesterday, so that’s $1.26 coming my way! Now that I have 2 of 3 required sales, Amazon will open up their API to me shortly.
When that happens, it means I can pull in more data from Amazon live. Even better, I can use plugins like AAWP to start making my pages look a lot better and nicer.
I had a call from one of my private equity clients today, and I have ~$500 more work with them. Nothing crazy, but I’ll take it.
I really would like to sell something big. This is the longest I’ve gone in 6+ months with not selling something.
I’m not particularly worried, because my skill set still exists and the need for my kind of work with always remain as well.
Instead, I’m more annoyed because this slows down the next real estate purchase.
I spent time with my fiancee today and we made some plans for our upcoming lil’babe.
What I made today
Rental Income: $17
Amazon Affiliate sites (2 sites): $1
Today’s pro-rated amount of monthly expenses
My plan for tomorrow
Tomorrow is Sunday, but I have a bunch of work to do for the day job, my PE client, and keeping the website going.
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 an 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.