MDTM Entrepreneur Daily – 9.01.16

The Entrepreneur Daily series are blog posts that I write when I am working on my side business. My goal is to write a post every day when I am in “entrepreneur mode” and actively working on my business, talking about what I’m grateful for and what I’m working on. In a perfect world, that would be every single day, but in my reality, I work on my business in spurts. I’ve accepted this as my reality for now and hope to improve going forward. This is my entrepreneur journal, to document where I am today.

What I’m Grateful For

I can’t think of anything to feel grateful for today. That’s never a good sign. It generally means that I’m tired and cranky, borderline negative. And that’s the truth…I keep losing sleep this week, down to about 5 hours a night. I’m doing okay now after working through my miracle morning routine, which requires a positive outlook, but right at this moment as I write, I’ve got nothing positive to say about being grateful.

This feels like one of those unconscious writing deals, where you just write down words as they spill out of your brain. Like in class when they tell you to keep writing the same thing over and over until an idea pops into your head…”The farmer’s barn is red. The farmer’s barn is red. The farmer’s barn is red.”

Anyway. Well, I guess I am always grateful for the loyalty of my dog. She is sitting at my side as I write this. She’s a golden retriever and her name is Molly. All she wants to do is give love and get love. That’s it. So she sits at my side because we are buddies and buddies stick together. She follows me around the house and is a constant presence.

I’m grateful for my buddy, Molly. Took me a while to get there, but there is something I’m grateful for today.

What I’m Working On

For my entrepreneurial journey, I’ve got all kinds of things swirling in my head today. Mostly a lot of numbers and future possibilities. My focus is on real estate investing, buying rental properties, and how to get where I want to go.

My primary concern is funding. Where can I get the money needed to buy all the rental properties I want? The first plan is to aggressively rid myself of my own debt, freeing up cash flow to save for buying properties through conventional mortgage loans. The second plan is to use other people’s money to buy properties through private money lending. And the third plan is a hybrid of the two plans for buying properties, which is the most likely approach for me.

Right now I’m working on education. I’m reading three books I got recently about real estate investing and working through articles on Bigger Pockets. This education time gives me a chance to work on aggressively paying down my own debt. It also gives me a chance to build my business plan of attack.

Each new chapter I read gets my mind going, gets the investing thoughts really popping in my head. I plan to channel those thoughts and refine my approach as I move forward.

Goals For the Day

Let’s make this a quantifiable goal today. Instead of something like “continue to read my books,” I want to be more specific today.

I will read 3 chapters of my current book and put my numbers thoughts into a new spreadsheet.

There we go, a specific goal for the day. I’m tired and running on fumes, but putting the goal out there on the interwebs makes me feel accountable to the goal. Once I hit the “publish” button, it all becomes real for me.

 

Leave a comment and let me know if you are working on a side gig type of business, or want to someday. Tell me about it, I’d love to learn more.

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About Brian Stephens

Brian is on a journey from massive debt to real estate mogul. Join him as he stumbles and fails on his way towards long term success. Debt isn't pretty and turning it around won't be either. His primary goal here is to tell the story and network with like minded people who want financial independence through real estate investing.

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