I used to be by no means the enterprise kind. However after shedding my job as a sound engineer in 2009, I needed to be artistic for a residing.
13 years later, on the age of 39, I’ve constructed two on-line companies which have earned me a complete of $160,000 a month in passive revenue. I additionally not too long ago printed a guide, “The best way to receives a commission for what you realize. “
The primary enterprise I began was Recording Revolution, a music and academic weblog that sells music manufacturing programs. The second program, which I began in 2018, teaches individuals the way to monetize their ardour, identical to I did. It’s essentially the most worthwhile enterprise, because of on-line course and gross sales coaching program, in addition to affiliate commissions.
About 2,800 individuals use my product and my purpose is to assist extra entrepreneurs develop their on-line companies whereas working fewer hours.
My prime precedence is spending time with my household and with the ability to give again, so I’ve organized my work and private life so I can give attention to these essential values.
Right here’s what my typical day appears to be like like:
Morning begins gradual and simple
I often get up at 5 a.m. – in entrance of the youngsters – as a result of I all the time need an hour to myself. I’ll begin with my espresso and my Bible.
After studying, praying, and journaling, I’ll make breakfast with my spouse and get up the youngsters. We’ll spend 20 to half-hour consuming collectively within the kitchen earlier than I take them to high school at 7:30 am
Then I head again to my house workplace or do a fast exercise if I’m within the temper.
On Mondays, I plan and create YouTube movies and podcast episodes. Potential shoppers typically discover me by means of this free on-line content material. In the event that they like, they’ll join my publication and obtain emails about free assets and premium on-line programs.
I earn part of passive revenue from these programs. I’ve designed my enterprise system to routinely ship emails, so most of my work is simply sustaining a gentle stream of latest, free content material.
Video and podcast recording takes about two hours. I even have somebody to edit and add content material. The remainder of my hours on Mondays are spent answering emails or giving recommendation to members of Six-figure coaching community.
On Wednesdays, I spend time interacting with the community, then host a 90-minute live call with my advanced business coaching practitioners.
Once a month, I shoot a training program specifically for members of my paid community, which adds about two hours of work per month to my schedule.
I’ve never been a fan of hustle culture; I don’t believe it’s sane or wise. If you can figure out how to build systems into your business so that it mostly runs on its own, you don’t need to waste time on ongoing maintenance.
After all, what good is “be your own boss” if you work all the time?
Family time is my #1 priority
People often ask me what I do with all the extra time in the week and my answer is not the most interesting. I run errands, go to the gym, wash the car, have coffee or lunch with a friend, or read a good book. Right now, I’m reading”Live without fear“by Jamie Winship.
But most importantly, I spend time with my family. Friday is considered “date day” for my wife. We exercise, go to lunch, catch up on life, talk about the kids, and meet with our marriage counselor.
Lately, we’ve been focusing on how to better communicate when we have disagreements. No marriage is perfect, and the work I have put into our relationship has made me a better husband and father.
My wife and I never compromise on taking the kids to school together. We want to be at home when they’re there. Our other non-negotiable is the family dinner. We sit down for a tech-free dinner every night. Most evenings, my wife cooks and I do the dishes. But we also eat out a few times a week.
We love going out for a walk, swimming in the pool, watching movies, or playing Nintendo Switch with the kids. By spending time together, we hope to teach them essential life skills such as sharing emotions and being kind to one another. I also want them to feel like valued family members.
We also love to travel – both locally in Florida and around the world. A few summers ago we spent a month in the South of France. And just this spring, we stayed in Puerto Rico for three weeks. Having the time and flexibility to come together to create memories like this is priceless.
Radical generosity a core value
We go to church every Sunday, and often do volunteer work with local organizations to help the unknown people in our city.
My philosophy is that I make this money so that I can give most of my profits to my local charities and churches, which are doing so much good in the world.
Currently, my wife and I donate 30% of our income, but we hope to eventually give away 50%.
Graham Cochrane is the founder of the Recording Revolution, the author of “How to get paid for what you know″ And a business coach for more than 2,800 clients worldwide. Follow him on Instagram and Twitter.