How Big Should I Build My Business?

The End Game isn’t a Big Business, it’s producing more Dividends than my COL.

I’ve got to remember that.

I haven’t checked into this blog in a while.  I went through some shit that I couldn’t post up here with the same level of honestly to clear my head.  (journaling is the key to clearing my head)

The End Game = 4 Million @ 7% APY in mostly dividends

Why?

  1. The tax on investment income is lower than business income
  2. @7% it’ll produce 26K monthly
  3. 26K monthly is more than enough to live an amazing lifestyle. (to date my COL with 3 kids, house, 1 lease is just above 10K /mo)

How long would it take me to save 4 milliion?

  • @10K /month = 400 months or 33 years
  • @20K /month = 200 months or 16 years
  • @30K /month = 133 months or 11 years
  • @40K /month = 100 months or 8 years
  • @50K /month = 80 months or 6 years
  • @60K /month = 66 months or 5.5 years

@100K /month = 40 Months or 3.33 years

But @100K /month, my tax bracket will be obnoxious.  Biden is making 400K+ earners get taxed much more heavily.

So what should I do?

There’s options:

  1. Trade Time into Building Business Systems that increase profits without my time
    1. Might make sense to build multiple businesses
    2. These business(s) need to operate without me, or with minimal amount of time
    3. If I see diminishing returns on the investment of my time (ARML is a very good example) then my time needs to go elsewhere
  2. Develop the skill of making money with my money
    1. ONLY DO THIS, AFTER #1 IS COMPLETED.
    2. AGAIN, Business Systems have the Highest ROI on my time until I can put in ??/month (How much a month into my business system?)

Do I really need 4 Million?

If my COL is 10K /month right now…  how much more do I really need?

What if I only needed 2 million?

Rather, HOW could I only need 2 million?  That’d produce roughly 12.5k /month.

That might not be enough after capital gains tax of 10-20%, even if I had no mortgage, no car payments and a lot of barters.

Nathan says he was able to travel the world on 20K /month with 1 kid while saving money.  So I should be able to do the same with 25K /month with my 3 kids, breaking close to even.

4 Million it is, but I always forget the rule that the rich keep getting richer.   Momentum is the X Factor.

Mindset Development & Cash Flow (game by Robert Kiyosaki)

I’ve been spending a lot of time looking at cars, because I dislike mine so much.  Heck, I’ve been taking a lot of time to spend money because I’ve forgotten about the real game – building my 4 Million.

That’s where mindset comes into play.

Mindset & Momentum.

My son took his first steps, 6 of them a matter of weeks ago.  Shortly after, he’s walking all over the house.

I have yet to take my first steps in building my money system.

I’d say 20K a /month is a nice place to start.

How much do I need to make in order to put 20K /month in a money system?  50K /month.

50K /month = 37% tax bracket

  • 22K to the Man
    • 18.5K going to the man in Federal Taxes
    • 3.4K to State Taxes
  • 20K to the Money System
  • 8K to COL (cost of living)

Not enough to COL

I need to lower my COL.

Once the kids are out of day care, it’ll be lowered by 2K /month

50K it is.

Action Steps:

  • Trade time into a Building me out of my Business System
  • Watch for diminishing returns on my time, start new businesses if that happens
  • Put $$ back into business systems until it’s 50K /month, then put 20K /month towards my money system
  • Reduce COL

Peter Shallard and Firas Zahabi

BHAG thoughts of 2021

I’ve been logging hours on my bhags and it’s already been influencing my decisions, good desciions in the business.  I have a couple quotes on my wall, drawn on printer paper with a pen and highlighted with a marker.  One is from Peter Shallard that says

“quote

Others are from Joe Rogan that say ”

but are actually by “—

Then there’s his video with joe rogan and Firas Zahabi who’s a competitive fighter in the UFC:

and this has me thinking if that relates to my business (life/balance) is effected by the raw hours of execution vs the scheduled or one could say, batched time in execution mode.

or is it the quality?

The zone, but what if the zone is triggered from the volume better than the timing.

I know one thing – I always execute better before a vacation.  So I’ve been doing 4 solid days (m/t/w/h) and hitting the slopes or the bike park on Friday, heck sometimes thursday, depending on the weather.

Maybe there is more.

Anyways, I haven’t checked into 10xdecision in a very long time because I’m always worried that someone will find it and it’ll be wierd.

Broke 20K /month.. and might break 30K!

Real Money…  It’s here.

I almost feel like it should have taken me longer.  Now I’m in multiply it mode!

So, I’ve got to diversify HARD.

I’m not sure how.

I want to go fast-lane bad.  I feel like that’s where the real $$ is at.  Information selling, but I want to sell information that’s not in direct competition with the person I learned everything from.

That’s the pickle.

I’m stuck on this one.

What can I offer?

Who can I offer it to?

So, as I’m browsing through quantum mastermind by Sam Ovens – looking for a guide to the 7-figure fast-lane through course creation.

I’m noticing one thing, all the guys here do the same thing, mostly.

Sell to entrepreneurs.

 

Progression & Getting Pissed OFF

On Track for Best Month – Smashed Shit in My Office…

It’s crazy how it works.  I’m on track for my best month yet, but I’m doing a time-audit as suggested by the guys at Commit Action.  Commit Action’s team has been fucking stellar by the way.

Looking at my time audit, which I need to update by the way with the nothing I did for the last couple hours has given me some real insight on what I’m actully doing with my time.

So I just kicked and threw stuff all over my office in a fit of rage after my daughter asked me to come play with her but I couldn’t because I had to finish my work.  Because I’m pushing like a fucking animal to reach 20K /month and solidify my business.

But – I can’t play with my daughter for 20 minutes?  Fuck.

Is this right?  Is this the way it should be??

So I had to shut the door on her and I could see her sad face, disapointed, fuckkkkk – she’s home because of corona.  I see the problem – I’m hiring VAs from the philapeans to fix my problem.

But when the problem rears it’s head it really gets under my skin.

I slept like shit last night and then succumbed to eating the M&Ms that were near my desk which furthered my cloudy vision.  My partner was on skype messaging me all morning on this and that, but I was watching the payments go through and just came out to have a record week.

So – I’m progressing as an enterprenuer.  I could hit 20K next month.  Like Grant Cardone says – I don’t have time to fix my typos.

But I need time freedom.

So, how the fuck do I fix my problem right now?

Here’s my thoughts:

  • Bed @9:30am
  • Wake up @5:30am
  • Don’t login to skype till 10am

That’ll give me a solid 4 hours (should be 4 and a half, but I’m adding in there coffee & a motivational video – maybe a walk outside?!)

Maybe, skype at 10:30am

Take 10AM – 10:30am and hang out with my daughter.

That sounds good.

The next phase is the Root Cause of the Problem

Progression is happening and I’ve got too much to do.

So, I’ve got a hire an assistant.  I’m going to eat some $$$ and I already don’t like the sound of that, so I’m going to solve this problem right now.

My Profit estimated profit this month: $18,000.

Number of hours I work per day: 6am – 5:00pm + 6:00pm – 9:00pm.  That’s what? 14 hours.  I’d say 10-14 on average.

12 hours per day average X 6 days, usually 7 days per week.

84 hours a week. 336 hours a month – so I get paid essentially $53 an hour.

If I can buy my time back at $15 an hour, even if that hour gets done half of what I’m capable of.. ($30 /hour) – it’s completely worth it.

Bite the bullet.

Hire – even 5-10 hours a week will be a huge help.

 

 

Record Month in March and I fell off the wagon…

Fucking son of a bitch

I can’t believe that I’m writing this right now.  I really fucking can’t.  I just re-read my 2019 10x Decision Year in Review… and its fucking awesome.  If I just stuck to everything in there I would be at 20K right now.

I did $17400 last month.  It’s my best month yet.  But all these promises to myself:

  1. 6:00am workout every single day.  Minus the day the before I snowboard.
  2. Fast 16 hours Monday – Friday unless I’m snowboarding
  3. Do a fucking morning ritual
  4. Do a weekly journal entry right here
  5. Use that damn Impact Theory journal
  6. Get to Bed @9 PM (nothing important takes place after 9PM)
  7. Keep your changes from 2019
    1. Snowboard/Mountain Bike/Concerts
    2. My Whiteboard
    3. Focus on the shit that matters
    4. Lay off the hopeium (I keep wanting to come out with a course)
    5. Uninterrupted Family Time [schedule it]
  8. Schedule my time and keep to it.

… Aren’t happening.

So – most of them.

I had a period, I think I talked about this – where I didn’t snowboard as much as I could.  That flat out didn’t work for me so I ditched it.  I snowboarded fucking hard this year.  I went to Colorado!  It was amazing.  Absolutely fucking amazing.

Concerts – I’m not sure if I was going to go.  Coronavirus hit – so that’s out anyways.

Hopeium – I’ve been good there.  Not using.

Whiteboards – Shit I got 3 of them now and it’s really fucking helpful.  Like really fucking helpful.  I should get more!  I need to make a Brag Board for all the awesome shit I did.  (making a note of that now)

Uninterrupted time –  this is where I’m sucking.  I don’t spend enough.  I need to get back to that.  I’m pushing hard (most of the time – minus the last couple days)

So why this post?

Video games, cigars, and its 12:20am…  I just watched a movie and ate some chocolate chips.

Not my best.

I really believe it’s the I/R Theory kicking in.  My “I” isn’t a 10 – it should be – but it isn’t.  It might be, they (podcasters) say that who you think you are dictates how you act.

Whatever – It feels good to write and think about all the awesome stuff I did this year.  I’m climbing out of debt too!

I need to be 83K in the bank to buy a decent house.

I’m getting off topic.

What do I need to change?  I need non-business accountability.  I’ve heard of something called “Commit Action” and they are retargeting the shit out of me right now.

It’s $250 a month, I think and you get an accountability helper that is trained or certified in their techniques.

Could be bullshit – but what if it’s not.  What if it helps 10%?  What’s 10% of 17,400…  A LOT MORE than $250 /month.

I’ll let you know what happens.

See you in 3 months.

2019 Year in Review

Reflect, Lessons Learned, Aim for Success in 2020

So – I haven’t touched this blog since April and I wish I did!  Between March, making a cool $5920 till now doing $13213.  So much has changed, yet I still struggle daily.  In fact, I hit one of my biggest lows about 2 weeks ago and went around smashing all my office furniture.

I was a fucking mess.

The day ended with me slipping on an ironing board after a karate kicked it.

Then my wife and I hashed it out because that was the biggest problem.  After having the twins – my time to work had been diminished.  I see why many entrepreneurs don’t have kids.

It’s a lot of fucking time.  I’m sleeper too, I’m no Arnold Schwartzwhatever who can sleep 6 hours a night and fully recover.  I’m a 8 hours every night or I’m fucking kind of guy.  —luckily, Bill Gates had the same problem.

With that being said, I don’t at all regret having kids.  It’s the best thing on earth.  It’s just very very hard when you don’t have the time you did just a week ago.

So 2019 –

  • I went from $4811 with a cash flow of Negative $734 to doing $13,213 a month with a cash flow of Positive $6000.
  • Bought a house which actually is saving me about $500 /month
  • Had twins which is costing $2000 /month starting Feb
  • Leased a tank (ford expedition max) for $900 /month
  • My office is now located in fucking basement.  It’s freezing down here non-stop.

and I’ll be taking a hit in Jan 2020 as I put serious money back into the business.  I’ll still be over 10K though.

So what changed in ME that I was able to get this done?

That’s the big question.

I want to know as much as anyone reading this does.  Because I could really use that right now – it’s been a hard couple months.  (As it should – two new babies isn’t supposed to be easy)

My next obstacle is that my wife isn’t going back to work so I’m going to be fully supporting the family on my income.

Change #1:  Snowboarding & Mountain Biking Every CHANCE I GOT

My business partner hates it…  but fucking A – I read a guy name Chance’s training called Millionaire Middleman and it was about mindset.  He said that he had the biggest shift when he went surfing as much as he could.

Last winter, I snowboarded as much as I could.  This summer I went mountain biking as much as I could – almost daily.

My business partner calls it a waste of time.  I call it #salesfuel

I went to 5 concerts this summer.  4 of them by myself.  I’m doing so much stuff by myself, it kind of makes me feel like a loser, but at the same time…  my friends don’t have time for it.

and my friends that do have time for it… are just there to get smashed or pick up girls.

Change #2:  My whiteboard

This was definitely one of the game changers.  I had another one where I put daily actions probably 10% of the time, but that got smashed in my freak-out.

You can see that October was fucking hard.  It was good, I’ve got a baby boy and a beautiful baby girl.  Family of 5 – it’s fucking insane.

Honestly, I can’t wait to be past the crying for no reason phase though.  I just keep reminding myself… “it’s only going to be a couple months”.

Change #3  Focus

These journal entries always fucking work.  That’s what has been missing for the last 3 months – my focus.  I was gung-ho on my focus earlier this past year.  Then I got on my high horse and retracted.

I need to get my focus back.

Change #4 Ditched the Hopeium

Hopeium was my biggest mistake in 2018.  2019 was put your money where your mouth is or I don’t want to work with you.  I didn’t fall into that trap.

Change #5 Uninterrupted Time with Family on the Weekends

I did this for most of 2019, although it has sloped off significantly in the last couple months.  It was awesome!!!  We did fairs, we went to the park a ton and I even took a day off monthly to hang out with my daughter.

I need to get back to that.

Changes I tried to implement:

  • Morning Ritual – I’ve got a Impact Theory journal that I fill out about 20% of the time.
  • Working out more – I failed hard at this.  I’m the heaviest I’ve ever been.  If it wasn’t for the fact that I’m naturally muscular – I’d look like a fat fucking dude
  • Scheduling my time – I actually did this 80% of the time, but followed it much less.

Setting up for 2020 & 20K /month:

  1. 6:00am workout every single day.  Minus the day the before I snowboard.
  2. Fast 16 hours Monday – Friday unless I’m snowboarding
  3. Do a fucking morning ritual
  4. Do a weekly journal entry right here
  5. Use that damn Impact Theory journal
  6. Get to Bed @9 PM (nothing important takes place after 9PM)
  7. Keep your changes from 2019
    1. Snowboard/Mountain Bike/Concerts
    2. My Whiteboard
    3. Focus on the shit that matters
    4. Lay off the hopeium (I keep wanting to come out with a course)
    5. Uninterrupted Family Time [schedule it]
  8. Schedule my time and keep to it.

I think that’s it.

Consistency is so key.

There’s a lot I want to add, but it’d be crazy.  Here it is:

  1. Stop watching TV
  2. Stop drinking alcohol
  3. Stop eating shit – go 100% clean
  4. Get 100K in the Bank.
  5. Bootstrap and save some fucking money

 

 

Negative Feedback Loops & Instant Gratification

Understanding My Recurring Themes

So I’m having a little bit of a hard time this last week.  Video games, cigars, and general lack of concentration plus a pretty awful diet.

I just ate a bunch of peanut M&Ms and feel like garbage.

I could really go for a cigar right now.

I’m at 13k a month which is a new record.  So that’s good.

The point of this post isn’t to figure everything out and have a “WOW” moment at the end.  I already know what I need to do, I need to cut it all out:

  • Starcraft 2
  • Golf Rival
  • Candy
  • Medium D&D Regulars
  • Drinking
  • Social Media

Then I need to start creating a feedback loop that is fueled by my kudos for delaying gratification.

I learned about Feedback loops the other day watching a Sam Oven’s video.  It was really interesting how this need for instant gratification is running my life.

I go for brief periods of super productivity and get things done, make it happen and grow my business.  Imagine not having these instant gratification problems and keeping my eyes on the long game.

I’d be a completely different me.

Wow

I didn’t think I’d have a rush of WOW run over me during this post.

So that’s it:

  1. Cut out Starcraft 2 (I’m already getting anxiety thinking about deleting it)
  2. Delete Golf Rival (fuck!)
  3. Stop Eating Candy, D&D and drinking (drinking really fucks my shit up)
  4. Stop scrolling through social media

Start:

  1. Working out every day
  2. Snowboarding again (just get out there!  who cares what the weather is)
  3. Meditating every morning
  4. Reading my morning forumla
  5. Reading my morning formula again at night
  6. Planning my day
  7. Getting shit done with some fucking umph!  Vegata this shit

(deep breath)

[Deleting Everything]

I’m going to hate myself later when this instant feedback loop is looking for it’s food.

Everything is deleted.

Let’s get it

 

Best Month Yet – It Never Gets Easier… Only More Fun

Video Games, Cigars, Late Nights

Man, I’m having my best month yet.  Over 10K profit, close to 11, would be 12 if I didn’t barter out some of my profit.  It’s craziness!  Every time I write a post like this I realize how much I should be grateful for.  I realize how far I’ve come and that I’ve got to give myself a little credit.

More than a little – a LOT of credit.

A mobile video game snuck into my life recently and I just kind of noticed how much it’s interfering with my 10x lifestyle, dreams, goals and ambitions.

I’m quitting cigars after being hooked for almost a month.  That’s the longest I’ve been hooked since I quit smoking before my college internship.

Late nights – mostly playing fucking golf rival, those got me off my game too.


It never gets easier!  I figured by this time that I’d have a laser focus and a supercharged work ethic.

It’s not there yet – BUT that doesn’t mean that I can’t get there.  I know I can – I need to keep grinding.

It’s important to keep the lifestyle activities going!  It’s VERY important to do things like:

  • Mountain Biking
  • Concerts
  • Snowboarding (can’t right now)
  • Uninterrupted time with the family
  • Nights out with the wife not giving a fuck about $$
  • Rewards to myself for hitting goals

If I don’t do these things I slip!

My ankle got fucked up and I got sucked into some video game, started smoking cigars and I’m here writing this blog thinking about this shit.

Fucking A

How?

A Guide to Keep the 10X Will, 10Xing

Business:

  • Plan my day w/ slack room
  • Outsource the work that sucks
  • Go to bed early, get up early

Lifestyle:

  • Drive a cool car
  • Plan a monthly fun day/weekend
  • Reward yourself w/ toys when financial goals are hit

Family:

  • Monthly date night
  • Be ready to spend uninterrupted time w/ the kids when they get home
  • Plan a monthly weekend vacation

I’m most excited about:

  • Outsourcing more
  • Rewarding myself /w toys
  • Planning monthly weekend vacations

That’s my goal for the next month – to focus on these.

 

Last 3 Months – Best Month’s Yet (its still a struggle)

Off Day?

It’s Monday – I have yet to get to work.  I just am off, I was up late last night after a great weekend.  I spent the weekend at 2 parties back to back and it was a blast.  I got home and felt drained.  I needed to recuperate.

I don’t know – I’m in that sort of depressed but shouldn’t be funk.

I think it’s just the “me time” or lack thereof.

My mountain bike broke almost 2 weeks ago.  It was raining, but I probably would have gone anyway.  Getting on the bike has been recharging my battery as of late – just as snowboarding did all winter.

Without riding, whether it’s the bike or the board – I’m missing something.

I need the recharge.  Hitting the gym helps, but does it?  It’s good for me.  It’s a healthy thing to do, but in this entreprenurial battleground I need more.

I feel like I’ve always needed a little alone time.

Video games can fill the time, but don’t really help.  I beat myself up too much when I play, because I know if I had invested the time I’ve played video games into something else I’d be much closer to my goals.


200 words later:

I feel better.  A sigh of relief, because I couldn’t sift through my own thoughts to figure out exactly what had me up late last night and in a funk this morning.

 

Best Month Yet, But Still In The Battle

It’s 2:38am

I’ve played 16 hours of the last 24 of video games.  I figured out a way to get my focusme off my computer period.  I thought it was just going to be a little bit, a couple hours, a few games after working for a long day.

It wasn’t.  I literally played all day today.

It’s a fucking a problem.

I was thinking of what I need to substitute instead of video games as a reward, but I realized that’s another problem.

The process should be fun and it is, but I think that as a society we’re just wired to need a reward after work.  Even though this is my best month yet! I still feel some kind of need for a reward.

At 10K /mo I’m getting a car, a real car – something fucking fast, cool looking.

I probably won’t be able to tell my parents because they are loaning me 50k for a deposit on my house.  At 10K a month, I’ll be saving 5k easily and will pay it back quickly.


Enough ranting.

I’ve got a problem.

I know it.

This time it took me 24 hours to solve it – that’s a fucking record.  (gave myself a pat on the back).

I went it, changed the password to my account, uninstalled everything and then changed the email to bogus email.  (that’ll do the fucking trick)

I think about the I/R Theory a lot, and how maybe my “I” isn’t ready for success.

I’ve got to remind myself:

  • How many late nights there were
  • How many missed memories with my daughter I gave up to have what I have
  • How much guts it took
  • How many people told me “bad idea” “I wouldn’t do that” “a personal trainer should be a personal trainer” – yet I proved them all wrong.

I deserve every bit of this.

and more—

much more.