Monday 12/28 – Sunday 12/3
This is my first week of tracking my progress to a $120,000 year! As you can see, this post actually starts a few days before 2016 hits, but I thought I should track it anyways. I also wanted to clarify why I chose my financial goal of $120,000 in this first post.
While this may not seem like much to other investors, or to someone with a higher paying salary job, my goal of $120,000 is a big income leap for me. Coming from a teachers salary in Florida (let’s just say it isn’t much), I am way more than doubling my income and I am doing it through my own business, on my own terms, and my own timeline. I’m not clocking in from 9 – 5 to make this salary. I’m working when I want, where I want, and on the deals I want. I wanted my financial goal to be a realistic number that was attainable but also somewhat of a challenge. I very much hope as I reach the 6 month mark in the year, I realize I undershot what I’m capable of and move my goal up a notch or two, but for now, I’m very happy with $120,000!
Anyways, here is my summary for the week.
Monday (about 6 hours in all)
- I spoke with three potential private lenders/partners that are interested in our company and want to invest money on deals. This is a huge part of our business because for every deal we acquire we need to have money ready to be allocated accordingly to close the deal. We raised upwards of $50,000 just from these calls.
- I did a lot of deal follow up with the holidays the week prior, many of the companies we use for contracting, attorneys, and other vendors were closed. I wanted to make sure everything was still on track with the current deals we had so I made several calls and emails to follow up.
- I also worked with my VA’s reviewing their work on a tape of 80 assets that was sent to us to be scrubbed for a client.
- Paid taxes on one of our properties & paid 2 invoices for vendor work.
- Read for 30 minutes.
Tuesday (Only 2 hours total of work with some shopping and R&R)
- I called and/or emailed 8 potential sellers of assets/notes. This is one of my areas of weakness and is definitely one of my least preferred tasks. While it’s not a difficult job, I just never seem motivated to call new sellers. So calling 8 today was a big accomplishment for me!
- I finalized contracting work on a rental we have (rehabbing interior, roof, etc) and got that officially started.
- Received another tape to be completed by the VA’s from tapetechs.com, so I sent that to the VA’s and made sure they began the task in a timely manner.
- Read for 45 minutes.
Wednesday (Goal Planning Day! about 4 hours in all)
Okay I’ll be honest. I love to goal plan. I wish I could simply create dream boards, write down my 6 month, 12 month, 2 year , 5 year goals all that time! For obvious reasons, I choose my goal planning time strategically. I always like to start my year off with a good goal planning session but also do it randomly throughout the year as I see fit.
- Listened to an AWESOME podcast on the topic of goal planning from http://www.notemba.com – you can listen to it here!
- Wrote my monthly goals and annual goals for both my financial and personal life.
- Recreated my dream board with new and updated pictures.
- Rewrote/reorganized our office white board which houses all of our current and pending deals with the stages of the workout they are in, and other important information.
- E-Recorded a deed for a property.
- Read for 30 minutes.
- Updated my tax information for 2015 and sent to my accountant.
Thursday & Friday – New Years Eve & New Years Day, Time Off
Read for 3 hours (just started Tony Robbins Money Master the Game) and I’m loving it so far!
Sunday (about 1 hour in all w/o reading)
- Finished today’s blog post
- Worked on my social media sites
- Ordered a new marketing case study from Fiverr.com
- Wrote my Jan. Newsletter – which if you aren’t receiving you can grab here! (Freebie code to try TapeTechs.com services included)
- Read for 2 hours
Total Income this week: $458