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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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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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Profit in Peace 12: Peace Disrupted

Byjack

My peace today was disrupted by work early. It is nice to have time to talk about strategic leadership things. I usually don’t have that much time during the week.

However, it’s not the type of morning that I aim to repeat.

I intend on reclaiming as much peace as I can in this 20 minute span.

I feel that respect is a really important need for me in work, and I feel that this need was not met at my previous job, it remains to be seen whether or not it is met enough in this job. I have my doubts to be sure.

Today, I woke up feeling much better, even though I went to bed a bit late. It’s because, on top of journaling, I also did cupping on my body to unblock anything that was blocked. Turned red on my chest, I guess a lot of blockages there specifically.

I feel with the level of stress this morning with no peace and no running I’m feeling surprisingly good.

I wonder how to push back on blatant hostility and disrespect in a way that I want to. I suppose some rage journaling should help and maybe my coaching mindset.

Today I want to focus on making a video on how to handle lack of respect in the workplace.

I don’t know how that is going to go but that’s what I want to do.

Perhaps I need to meditate on it some more.

Maybe finally watching another 20 minutes of the coaching call will be nice as well.

Profit in Peace 4: The Method

Byjack

Main strategy: Always be present, what I feel is right

Work on using my blog to process feelings and embrace the Jack that gets rejected.

Then, for actions: use my coaching mindset

  • You’re in my house
  • Take risks
  • Don’t be afraid to be silent
  • Be patient

Mindsets that help with fear:

  • Let go of controlling things that I cannot (other people)
  • Control how I show up
  • Take up space
  • Hope that those who reject me leave so I can be free
  • Give myself permission to fail
  • I am capable of impossible
  • How do I want to do it MY way

So I ran through this exercise and here is what I worked through:

  1. What is next > Edit my video of the coaching session with my client
  2. How do I do it > Watch the video in 20-minute segments
  3. What do I do in the 20 minutes > Cut out parts my client doesn’t want to share, add my thoughts, publish to my blog
  4. What do I do after all of that > Edit the video through the syllabus method

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How To Charge Money As A Coach

Byjack

I’ve been struggling with an idea recently, the question of how and when to charge for coaching services and when to propose coaching to someone.

The way most coaches approach this is by simply thinking about every hour they spend with someone as a billable hour. They do a “free” intro or demo sessions. I find this approach problematic for numerous reasons:

  1. I love solving problems and delivering value. The reason why I think coaching is the right career is that I would do this stuff even if it was for free.
  2. I hate thinking of every hour of my time as billable. Does every conversation that I don’t get paid for mean that I’m bleeding money everywhere?
  3. I don’t know how to propose coaching, what will the difference be from talking to them? Won’t they feel like I’m charging money for something that should be free?
  4. I don’t see why I shouldn’t prioritize my friends and help people for free? Why should I prioritize only people who pay me money?

 

I thought about it a lot and I realized that when I want to pay for a coach is because I want to be able to take it seriously. I don’t want a friend, I want someone who can help take me to the next level (emotionally, career and success-wise). 

I realized that I can help as many people as I want to for free. I can prioritize friends and spend time with them without thinking of billable hours. But coaching is different. It isn’t just about brainstorming solutions to problems or being an empathetic ear. It’s about taking professional responsibility for someone’s success. The difference between a friend who hired you as a coach from an ordinary friend is that by hiring you they are asking you to meddle with their life!

There are three questions I can ask to see if they would be a good client:

  1. Should they invest in themselves?
  2. Are they doing something that requires coaching?
  3. Do I feel confident that I will be the best coach for the job?

 

If the answer to all three is yes, I will push to sell them on coaching. If they are friends, I can tell them I will help them and give them advice for the rest of their life for free, but it wouldn’t be coaching until they invested in it.

The price of coaching is a mix of what would be an investment for the client, what would make ME invest, and what value I would be delivering.

In terms of differences in details:

  1. Much more structure (cadence for meetings, methods, note-taking etc.)
  2. Different mindset (clients’ goals are my goals, not my friend’s goals)
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Workpost 5: Panic Attack

Byjack

I was just on the border of a panic attack when I went to go exercise.

My Head Hurts

Eyes are swimming in a pain in the back of my head

Heart beating like its a race

And no matter how fast it beats

It isn’t fast enough

To catch up

With the work I want to do

After hanging for a little bit, I decided something. I need to go back to basics. As the level of work, my ambition, my organization go up…so have my stress levels. It is beginning hard to relax, hard to feel in the moment. It feels like I’m in an endless race with no chance to catch my breath.

So here are the basics:

  1. The planning I’m doing in these blog posts give me a huge edge in terms of direction and thought process in a huge number of goals at the same time. However, I now need to do the opposite. The basic I have in mind is this – focus on one thing at a time. Make a todo list. Create prioritization. Make it emotionally make sense (choose what emotionally feels important to focus on first, not logically). Clear all distractions and focus on one thing.
  2. Use the taoist approach to achieve fulfillment. Work until you feel empty.
  3. Use the coaching mindset…let the world come to you, have patience.

I also realized I did not work on the product research goal.

So here it is:

Goal: Create free products in 1 month | UNIT ONE: Complete research | Part 1 Transcribe and think, what is the million dollar problem or breakthrough?

  • One interview per day
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Drafting out My Disclaimer

Byjack

Intro goal:

  • Create a disclaimer for my hot takes channel
  • Make people understand why I’m doing what I’m doing
  • Make it ok for people to disagree and debate

It is important to talk about controversial issues because controversial issues are controversial because they are important issues. I have strong opinions and will say exactly what I mean and be very direct. I am not an expert on everything. I can be wrong and you can disagree with me. I might also change my mind, this is just what I believe right now.

Outro goal:

  • Get them thinking deeper
  • Get engagement

What came up for you during this video? What is your hot take? Add to the conversation in the comments sections below. I read everything.