Wow. I am in complete disbelief at the increase in NW this month. Just a few years ago, this was more than my annual salary. Feels amazing to finally cross the half a million mark.
The bulk of the NW increase is from a huge influx in revenue from clients this month for my small business. Almost as if somebody flicked a switch at the start of the month and business resumed again like COVID-19 never happened.
I’ve been working extremely hard lately – probably at least 80 hours or so per week, 6 days a week (I always try take Sunday off to recharge the batteries). Working from home and skipping the 2 hour daily commute definitely helps fit in more hours in the day. However for some strange reason, working on your own business doesn’t feel like typical “work”. If I worked in my office day job for 80 hours per week, I would burn myself out like crazy. But because I have creative control and direction of my own business, it almost feels like I’m playing a video game (which I love to do) and the monthly profits are a high score that I’m constantly trying to beat. I guess the reason is because the income from your own business is completely variable and dependent on how much effort you put in. As to a typical corporate office day job, you can only ever make so much. Whether it’s a maximum of 160 hours per month, or the daily rate for your level capping out at $X/day.
I’ve also finally hired someone to run operations for my business, freeing up my time so I can focus on the bigger picture stuff. I never realised how much of a control freak I was until I started running my own business and needed to offload lower level tasks to someone else. Perhaps that’s why I never made it to the Management level in my career. I think my strengths are much more focused on strategy and sales, and then executing that strategy through sheer grit, grind and hustle. I’m not someone who can take a step back and try manage other people while they do the actual work; I need to be the one doing it myself.
Anyway enough ranting, off to the regular monthly graphs.
Thanks for reading, and see you next month. Stay safe out there.