My Two Year Plan
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:
- What should I focus on first?
- How do I divide what I want to do into steps?
- What should I focus on, AI or Art Coaching?
- Should I even do AI consulting?
- Should I try to find a partner for AI consulting? Should I wait until I find a partner to do anything?
- How do I want to legally set up my companies?
- How do I make my life easier?
- How do I market my businesses?
- What is something that I’m missing?
- How do I make my art coaching business succeed in a way that doesn’t destroy my peace?
- How do I maintain my AI expertise? How do I make progress without being overwhelmed and unfocused?
- What will make my life more fun while making big strides in my businesses?
- Is there something I can start succeeding at today?
- Am I aiming at the right goals? Are they too small? Too large?
- What can I do today to rapidly speed up my progress?
- 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?
- Is there a small shift I can make that will have a massive impact on my income/success?
- 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?
- What should I do today that will make me happier and more successful?
My intuitive answers:
- 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
- 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
- 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
- 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
- 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
- How do I want to legally set up my companies?
- Depends on how easy it is to change, the benefits of separating them, etc.
- How do I make my life easier?
- Stop doing everything alone, work with other people
- How do I market my businesses?
- Ask other people for ideas
- What is something that I’m missing?
- You are missing a business coach/mentor
- 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
- 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
- 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
- Is there something I can start succeeding at today?
- Yes, focus on the fundamentals, they are the most important part
- 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
- What can I do today to rapidly speed up my progress?
- Meditate
- Sleep as much as possible
- Find a mastermind
- 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
- 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
- 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
- What should I do today that will make me happier and more successful?
- Remember your mission(s) and focus on them