Daily Entrepreneur
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MDTM Entrepreneur Weekly Recap – 9.10.16

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

Today I’m grateful for podcasts. If you don’t know, a podcast is recorded audio that anyone can produce and they cover just about every topic you can think of. Go to iTunes and search any topic and you are likely to find podcasts about that topic.

I enjoy many different topics with podcasts. Typically I go in phases, like most everything else in my life, where I binge on podcasts for anything that I’m interested in at the moment.

This week’s podcasts were sports and real estate related. Sports are always there for me, I’m a nut about baseball and college football. I listen to one radio show from New York (where I grew up) that is put into podcast form. It’s about 1 hour long every week day…

Boomer and Carton Podcast – Morning radio show in New York City, covering mostly NY sports teams and general sports news.

Then I jump into real estate podcasts, mostly searching for the topics within those shows that are relevant to me at the time. I’m interested in buy and hold investing and finding funding for those investments, so I find the shows that cover those specific topics from these two podcasts…

BiggerPockets Podcast – Interview show with successful real estate investors, covering just about every topic within real estate investing.

Investing in Real Estate with Clayton Morris – Interviews and commentary designed to push real estate investors towards action.

Podcasts are great for a commute to work, while driving around doing errands, when working out, or while walking the dog. Now that I work from home, I miss the podcast time I would get from my drive to and from work. I’m still struggling to find time in my day to listen to podcasts, but I manage to squeeze them in.

I’m a podcast junkie and learn so much from them, filling the time that is typically filled with searching for a song on the radio in my car. So today, I say thanks to podcasts.

Weekly Recap – Personal Finance

My entrepreneurial week was all about my personal finances. I need to have a strong foundation of personal finances in order to fuel my entrepreneur efforts, so I turned the spotlight on myself this week with daily writing and goals.

I focused on something different each day with no set plan, except to stick to the basics of personal finance. Here is what I focused on this week…

• Stay frugal with grocery shopping – Mostly successful. I still came home with a 12-pack of beer that I don’t need.
• Set plan for debt pay down this month – Wildly successful. I paid off one credit card, about $8k in debt within 30-days.
• Set plan for using equity after cash-out refi of house – Not up to me. Glad I checked on this because this plan is not up to me, the bank I’m using for the new loan decided what debts will be paid off. Their choices are fine with me.
• Setup individual savings accounts using Capital One 360 – Successful. I setup accounts to save for emergencies, vacation, house repairs, car repairs, and buying a new car. Still more work to do here.
• Setup plan for next debt pay down – Still working on this one, probably today. I need to set some automatic payments for the remainder of September.

What I Learned This Week

The primary learning this week is about goals. I set one or two simple goals or tasks for myself each day with the entrepreneur series of blog posts. Once I hit “publish” and put those goals out into the world, I feel accountable to them. I feel compelled to complete those tasks.

I’m notorious for biting off more than I can chew. I usually set some crazy, pie-in-the-sky goals for myself that I can never meet. Instead of doing that again and leaving another wasteland of promises and potential for myself, I lay out very simple tasks each day that I know I can accomplish. Even if the shit hits the fan in my day, I will still be able to complete my simple task.

The best part about these tasks is that they are getting completed. It feels great to know that I will complete something each day. I’m actually taking action each day towards my ultimate goal. The small baby steps each day add up, and I can see them in a weekly recap like this.

So look for more baby steps each day from me. They are pulling me towards the ultimate prize…financial independence.

You can join me on Twitter where we can interact and you can see me rant and rave about all kinds of nonsense…

 

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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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