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Profit in Peace 8: Day Four

Byjack

I feel really tired today. I really like this course but I’m having a couple of worries:

  • I don’t know what products to sell because I like utilitarian stuff, things to make things and all those items, quality matters a lot and there are existing players
  • For more complex items, I don’t know if my RFQ will require a lot of work (cad models and blueprints)

Anyway, excited to see what happens today.

Thoughts and questions:

  • Money is like soldiers
    • There was a village that borrowed soldiers from other villages until they became an empire…they become Rome
  • “We cannot solve our problems with the same thinking we used when we created them.” – Einstein

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Profit in Peace 16: Saying No

Byjack

It is funny because I said no today to the real Profit in Peace challenge today to say yes to my own personal challenge that I created for myself. Today he had a bunch of giveaways and gave away a product for $1 but I realized that it is going to take too much of my attention away. I don’t even want it for $1, maybe not even for free.

I’m very stressed today for all the stuff I have to do for work, I’m very proud of myself for finding a really awesome amazing transition from work to gaming last night and always having a good peaceful nighttime, it is what I always wanted and I finally got it.

Today I need to post my update for the knee challenge, already have it recorded, but need to post it.

I also need to kick off things for the French challenge. No idea how that is going to go.

Finally, the Profit in Peace challenge sparked something in me. I realized that I bought Alex Hormozi’s book $100 Million Leads which will be SUPER helpful in building my coaching practice…actually will help me in my overall career as well. I think there is some super valuable information in there.

On top of that, now that I’m thinking of it, I have some other really good books for business and sales and coaching, Sell Like Crazy by Sabri Subi and The Prosperous Coach by Steve Chandler.

Lots of interesting things going on. I feel like really much more in balance than I have been in a long time.

Routine-wise, I’m better than I’ve ever been. I have a routine working hours, good bedtime, great winddown time, and a great morning routine. I’m keeping up with the breathing and I love yous and it is going great.

I suppose that only thing that I want more of is more friends and interactions outside myself.

Perhaps it will help when I get more time in the morning. Today I will really try to do some work outside of my apartment even if it isn’t in the morning.

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Workpost 16: Risk and Challenge

Byjack

So I’m pretty frustrated because this is the second time I am writing this blog post. The first time I wrote this blog post, the post was bugging out and didn’t save properly.

Not too happy about that.

In the spirit of growth, I am going to let go of that blog post and focus on creating an entirely new one without losing the essence of what I wanted to say in the first one I wrote.

This morning I was feeling really stressed out and I was really enjoying my walk. I feel like this whole questions meditations thing has really worked out. I really like journaling at night, and walking during the day. Before when I was forcing myself to go outside because I felt like I had to, I kinda hated it. It was nice once I got outside, but before then it was pretty awful.

Now, since I know I’m going use the time to meditate on some of the questions I have in my heart, I feel really excited and motivated to go outside in the morning.

Here are the main things I was stressed out about this morning:

  1. My career, didn’t know where I was going next
  2. My medical bills, spent 8k on a new medical device, hundreds more for my GI doctor
  3. My financial issues, I spent 700 more than I made yesterday
  4. My coaching career, still not anywhere close to making enough money to be self sufficient
  5. I could move back home, but then I’m worried about having a place for my girlfriend to visit me

And through my amazing short 20 minute walk, here are the answers I got:

  1. Acknowledge that you are taking a huge risk by paying 1,700 per month on rent with very little income and building coaching business from 0
  2. Risk is not a bad thing, it is an incredible catalyst for growth
  3. Risk means, now is the time to shine. Focus on the few things that matter most
    • Building an really strong foundation of health, a very strong structure for getting stuff done
    • Changing the lives of my current coaching clients
    • Work slowly towards my career in AI
  4. It’s ok to invest money in the medical bills because they directly help with my foundational health goal. Double down on the investment by focusing a lot on sleep and digestion.
  5. Let go of all other goals and distractions because now is go time. Just work on small projects or really gradual work.

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Profit in Peace 22: Feeling Like Shit

Byjack

I feel like total shit. I didn’t sleep well and the back of my eyes hurt and I’m tired and bleary and a little cold. It is taking everything to not play games all day. I feel what gives me anxiety in this house isn’t just the expectations from my parents…but also the amount of stuff. There is too much stuff to feel comfortable around here. To feel calm.

I have been thinking about this idea a lot. The idea of “Whatever you feel the world is withholding from you is what you withhold from the world.”

I feel that this can help with a lot of the turmoil in my mind.

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My Two Year Plan

Byjack

Here is my dream life:

  • Part time accountant: 2.2k-3.2k
  • Full time videographer: 4.3k-6.4k
  • Full time editor: 4.8k-6.9k
  • Apartment or down payment on house: 3k
  • Art studio 2k
  • Massage everyday: 1.7k-3.6k
  • Therapist 2 times a week: 2.8k
  • High end business coach: 4k
  • Eat out at a nice dinner 3 times per week: 1.2k
  • Fly first class to a destination with a plus one, with a nice airbnb every month: 5k
  • Organic high quality groceries: 1k
  • Nice quality clothes: 1k-2.3k

Total: 28.2k-41.4k

Per Year: 338.4k-496.8k

If I wanted to save 50%: 676.8k-993.6k

Before taxes that would be: 1.091M-1.601M

Meaning each month I would have to bring in: 90.1k-133.4k per month

I realize that this is more of an end goal. To get to the place I want to be right now, I don’t need to make enough to save 50%. That can come later. I highly suspect that having a great business coach, massages, and a therapist will enable me to double and triple my income.

So lets take another look at the numbers. What is the bare minimum I need to get into this lifestyle?

338.4k per year -> 531.8k before taxes

44.3k per month

If we were to operate on the Parrado Principal just for coaching:

  • 80% from group coaching: 355 group coaching clients | 20% from one on one: 6 one on one clients
  • 80% from art coaching: 425.4k | 20% from AI consulting 106.4k

Questions for myself:

  1. What should I focus on first?
  2. How do I divide what I want to do into steps?
  3. What should I focus on, AI or Art Coaching?
  4. Should I even do AI consulting?
  5. Should I try to find a partner for AI consulting? Should I wait until I find a partner to do anything?
  6. How do I want to legally set up my companies?
  7. How do I make my life easier?
  8. How do I market my businesses?
  9. What is something that I’m missing?
  10. How do I make my art coaching business succeed in a way that doesn’t destroy my peace?
  11. How do I maintain my AI expertise? How do I make progress without being overwhelmed and unfocused?
  12. What will make my life more fun while making big strides in my businesses?
  13. Is there something I can start succeeding at today?
  14. Am I aiming at the right goals? Are they too small? Too large?
  15. What can I do today to rapidly speed up my progress?
  16. If I wanted to make a lot of money, enough to live on in the next year, and I wanted to make this money in a month with my current skillset, what should I do?
  17. Is there a small shift I can make that will have a massive impact on my income/success?
  18. What should I be hiring someone else to do? What things will have a good return on my investment, make me money not lose money?
  19. What should I do today that will make me happier and more successful?

My intuitive answers:

  1. What should I focus on first?
    • You want to focus on the fundamentals: sleep, meditation, food, emotional processing
    • The stronger the fundamentals are, the more you will be able to handle anything
  2. How do I divide what I want to do into steps?
    • Picture some of your immediate goals that make you feel excited, give you energy, make them small enough to understand, and work on meeting those goals first
  3. What should I focus on, AI or Art Coaching?
    • It depends on what you want to do, to create a large business, AI makes more sense
    • For creating a smaller business, focus on Art Coaching
  4. Should I even do AI consulting?
    • Yes of course, there is a really good business opportunity here
    • If you mean at the same time as Art coaching, the answer is it depends, you will have to pick a priority
  5. Should I try to find a partner for AI consulting? Should I wait until I find a partner to do anything?
    • No you shouldn’t wait, you can start by yourself
    • Yes, you should look for a partner while you are looking for clients, you are developing a network for both
  6. How do I want to legally set up my companies?
    • Depends on how easy it is to change, the benefits of separating them, etc.
  7. How do I make my life easier?
    • Stop doing everything alone, work with other people
  8. How do I market my businesses?
    • Ask other people for ideas
  9. What is something that I’m missing?
    • You are missing a business coach/mentor
  10. How do I make my art coaching business succeed in a way that doesn’t destroy my peace?
    • You write about your challenges and experiences, to approach the business like an opportunity for personal growth
  11. How do I maintain my AI expertise? How do I make progress without being overwhelmed and unfocused?
    • The best way is if you could connect the art coaching with AI and AI with art coaching, if you could find a way for them to be symbiotic, that would be the easiest way
    • The other way is to find a simple and easy way to make money from AI
  12. What will make my life more fun while making big strides in my businesses?
    • I think maybe posting about your process/journey on social media
    • Hosting events and meeting people
    • Speaking at events
    • Creating strong boundaries for doing other things unrelated to business
  13. Is there something I can start succeeding at today?
    • Yes, focus on the fundamentals, they are the most important part
  14. Am I aiming at the right goals? Are they too small? Too large?
    • I think you are focused on the right goals, but maybe it is too early to be thinking about timelines, just create a bunch of attainable goals and work through them with no timeline in mind
  15. What can I do today to rapidly speed up my progress?
    • Meditate
    • Sleep as much as possible
    • Find a mastermind
  16. If I wanted to make a lot of money, enough to live on in the next year, and I wanted to make this money in a month with my current skillset, what should I do?
    • Teaching people would probably be the best way, that is probably your strongest skillset at the moment
    • Probably not the best use of your time for your goals
  17. Is there a small shift I can make that will have a massive impact on my income/success?
    • Yes, write down goals and look at them everyday
  18. What should I be hiring someone else to do? What things will have a good return on my investment, make me money not lose money?
    • Finding a good video editor or social media manager
    • Marketing is key and you need to work with people to get good at it
  19. What should I do today that will make me happier and more successful?
    • Remember your mission(s) and focus on them
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Finding the First People On Social Media

Byjack

I had a thought today. I have a friend on Instagram who has a handle @theirname1. I was wondering who got the handle without the number at the end. I was thinking, they cannot be that old since Instagram itself is not that old. And why stop there…why not look at the people who old the handles for the most common names? Like who owns @bob? Or @john or @mary? Do famous or rich people ever buy those handles or are they owned just by early adopters?

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Profit in Peace 15: Workplace Reflections

Byjack

I had quite a stressful workday as I expected but I wanted to jot down a couple of reflections today:

  1. Reminding myself of my boundaries (time, respect, honesty, empathy, and possibility) really helped
  2. It also helped to note down what I cannot control before every major meeting (usually something related to how someone felt about me)
  3. I noticed that keeping pace with my todo list was helpful:
    1. Keep all tasks that come to mind in my todo list (use it as a mental trashcan to throw all my worries)
    2. Reorder todo list to whatever I am working on right now (move something to the top if I am currently working on it)
    3. Do tasks immediately if they are low-effort
    4. Do sweeps (try to do everything on the todo list)
  4. Focus also helped
    1. Close as many tabs as possible
    2. Focus on one thing at a time

I was thinking about how to transition from work to Valorant more effectively since I usually start to feel dead and I end up watching youtube and ordering food and that kind of makes it hard for me to stay sharp when gaming and I end up feeling even more stressed and awful.

I think cleaning is a really good transition point. Cleaning reduces stress and is a great way to transition slowly…if I’m worried that there will still be a call coming in and I might have to go back to work, cleaning makes it easy to go back to work without feeling like I am not ready to transition to the next thing. In fact, if I clean, even if I go back to work, I will still be more ready to game after the work is done because my space is now clean.

I also like the idea of a mental dump to write down everything you are thinking about at the end of the day so that you can pick it up at any point today or tomorrow or the day after.

Finally, I like to look at the schedule for the next day and mentally prepare for it to know what you can do today to give you a lot of spaciousness tomorrow.