I recently wrote this up for my friends who asked me how I do what I do. I figured I'd share it here. This is freely available to anyone who wants it, though please credit me if you simply copy/paste. Nothing here is novel, and can be done by anyone. I am not a financial professional, and the example given below is only Abbvie because I forgot that Abbott Labs was alphabetically the first in the S&P 500 when picking an example.
First, let’s come right out and say that if you do not have the time to do this, or do not find it enjoyable, just buy low-cost index funds that track either the total market or the S&P 500.
Second, let’s make an important distinction:
Investing – This is the act of purchasing assets for less than their intrinsic value. This PDF will focus on how to determine the intrinsic value of an asset that produces income. Note that for most assets, this is simply how much money you can extract from the asset over the period of time that you hold it for. There’s no other value than money in investing. Causes and emotions are what philanthropy is for.
Speculating – This is, at its core, the act of taking supply of an asset from the present to the future (by hoarding it). If there is more demand, lower supply, or both, this pays the speculator to take the asset from a period of low value to one of high value. It is not gambling, but is very difficult to do, since it entails taking on timing risk. It is not illegal, immoral, or impossible, but I have no special insight into it. I’ll leave it there.
Gambling – This looks a lot like speculation, but without any particular reason to believe the asset will be more valuable in the future. Speculators at least estimate the value of an asset to investors, as they are ultimately the end market for an asset. Do not gamble. Full stop.
Determining the intrinsic value of an asset
The value of an asset is simply the present value of all future income that asset can provide you. Since a dollar in five years is naturally less valuable than a dollar today, you have to discount future income against the opportunity cost of forgoing the dollars you invest today. When we get to the Present Value equation, this is represented by interest. It can also be thought of as the opportunity cost of investing in the asset instead of some other asset or simply consuming the dollars instead.
Here’s the actual math. Note that it’s not super hard, and while I will explain it, there are dozens of free websites that will quickly let you calculate this. The key phrase to Google would be “present value of a growing annuity calculator.”
PV = (C / i - G) * {1 – [(1 + G)/(1 + i)]^n}
PV = present value
C = cash flow per period
n = number of payments
i = interest rate
G = growth rate
The value for PV is your estimation of what the asset is worth today. If this ends up far higher than the market price, you are probably purchasing dollars for quarters. Avoid edge cases, as you are guessing about both the interest and growth rate.
C is the cash flow per period. If you have a high degree of confidence in the culture of the company and it has a long history of being good stewards of retained earnings, you can use the earnings per share (EPS). I usually use the dividend. It is impossible to fake or financially engineer a dividend, and requires less looking through financial documents to make sure it’s what it appears to be. But for, say, Apple or Microsoft or Chevron, feel free to use the EPS.
The number of payments is how many payments you expect while holding the asset. Dividends in American companies are typically quarterly (though some pay monthly or every six months, so check on that), so every multiple of four would represent one year if you choose to do it that way. If n = 16, then you’re expecting to hold the asset for 4 years. You can also put in a year’s worth of dividends and keep n = years rather than quarters.
I typically do n = 30, since 30 years is both a long time horizon that is realistic, and coincides when I will hit “retirement age.” You will have to decide how far ahead you’re planning. For most people, they are net purchasers of investments while working and net sellers while retired, so keep that in mind. Note that using years instead of quarters will lessen the amount of compounding, and will provide some cushion in case you’re wrong.
Interest is one of the two variables you have to guess at. Typically, one would put what you expect the actual long-run interest rate to average for this investment. Unfortunately, this is really difficult. Instead, I use a rate that represents my opportunity cost. There are any number of relatively safe ways to get a 5% yield on money invested, so I generally use i = 5% to represent that this asset has to perform better than a utility or telecom or real estate investment trust. Feel free to use what you feel is most appropriate for you. A higher interest rate will lower the value of the asset, so high-balling this number will provide some cushion in case you’re wrong.
The second variable you have to guess at is the growth rate. If you’re looking at the dividend, you want to know how fast to expect it to grow over time. If you’re using the EPS for C, then you want to see how quickly the total earnings are growing per share. This is extremely difficult to predict. I recommend taking the 5-year growth rate and halving it. Dividends will also be more predictable here, as most companies pay out far less than they make, which means even if EPS grows slowly, the dividend can still grow quickly for many years after a boom is over for the company. Note that lowering your estimate for G will lower the value of the asset, so low-balling this number will provide some cushion in case you’re wrong.
OK, so let’s walk through an example. I’ll use Abbvie, a biotech/pharmaceutical company. It has a quarterly dividend for the coming year of $1.30/share. Its dividend has an 18.5% growth rate over the last 5 years, and has grown it for the last 7 (it’s only been around for 8 years).
I assumed a growth rate (G) of 7%. I used $5.20 as the starting dividend this coming year and used years for my n = 30. As always, I used i = 5%.
This gave me an estimated present value of 1 share of Abbvie at $197.94. As of writing this, Abbvie shares are trading on the market at $103.43. This looks like a screaming buy, but first let’s look at why I have a high degree of confidence.
Note how the interest was higher than the going rate – I used my “low-risk alternative” as an opportunity cost. Abbvie has an extremely high rate of growth for its dividend, so I took less than half of its current rate. I also calculated annually rather than quarterly, which reduces the impact of high rates of growth. That’s three places in the equation where I consciously lowered the estimated value of a share of Abbvie, and it still came out as a strong buy – spending less about 50c for a dollar!
I do this because even if I’m wrong in some or all of my predictions, I now have quite a bit of room to be wrong and still make money. It’s like how you don’t walk next to a steep cliff, right? You should know how to walk where you want to, but there’s always the small chance something could cause you to slip or put a foot wrong. But if your plan is always to be 5 feet away from the edge of the cliff, the odds are that you’ll not go over the edge even if you fall down.
Many people feel this is over cautious. But let my portfolio speak for itself. I’ve beaten the S&P 500 index fund every year except one since 2008. My brokerage only keeps digital records back to Dec 2015, but the S&P 500 returned 101% since then – with dividends reinvested. My own portfolio has returned 256%.
So caution is still very high reward. In fact, if you just don’t lose, you’ll do better than the vast majority of professional money managers (about 85% of whom cannot even match the index funds).
Due diligence still has to occur
Now, we can’t just go straight out and buy Abbvie – though it’s a high profile company that receives lots of investor and regulator scrutiny so it’s less likely to have a landmine than most. Just to make sure, you’ll want to do the following before buying shares in this company:
-Check the debt load. If the debt is very high, has very high interest rates, or has a lot of it maturing very soon, then this is a yellow flag. It doesn’t mean don’t buy, but make sure you understand the structure of the company’s debt and make sure it won’t impair the company’s earnings going forward. This information is found on the balance sheet. Abbvie has $97.287 billion in long-term liabilities such as debt, pension liability, and deferred taxes. That’s a lot compared to their assets, but they also are owed some money, so it nets out about $90 billion.
-What’s the book value? Book value is fairly low at $8.65/share. This is pretty much the assets minus the liabilities. Abbvie is in a knowledge industry, however, so you shouldn’t expect their main assets to be physical capital that can be sold. It’s mostly organizational or human capital from their workforce, so this isn’t worrying. If Abbvie was, say, a retailer with stores and land and inventory, you’d want this to be much, much higher for the share price. There’s no easy way to judge this one, unfortunately, but it’s good to look it up and you’ll eventually get a feel for it. No red flags here.
-What are the catastrophic risks that even you or I could think of? For a company in the pharmaceutical space, the obvious answer is regulatory and political risk. Regulatory risk is just want it sounds like – more regulation which can be either costly to comply with or lower profits. This does have an upside, which is that it makes it harder for new competitors to enter a market, so I tend to be rather sanguine about regulatory risk. Political risk is much more severe. This is when politicians decide to either confiscate a company, target it specifically rather than the industry it’s in, or other ways in which the government is involved with taking rather than regulating. In Anglo countries (US/UK/Canada/Australia), the rule of law is typically strong enough that this doesn’t happen much, as there is usually some kind of due process. Places like China, Argentina, Russia, and the EU are much more likely to nationalize or otherwise capriciously penalize a company due to the prevailing political winds. Abbvie has a global footprint, but that also means it’s diversified against such risk. It’s headquartered in the US, so it’s unlikely someone will simply take the entire company.
-Payout ratio? Abbvie has a fairly high payout ratio (80% for the last completed fiscal year of 2019), as they have been aggressively growing the dividend. That’s another good reason to input a much lower G than the last few years. That being said, Abbvie has been around for 8 years (it was spun off of Abbott Labs) and has grown its dividend for the last 7 years and has announced it will this coming year as well. The payout ratio is pretty high, but not worrisome. It suggests a fairly mature company that’s now returning cash to shareholders. I’d say this is not nothing, but less than a yellow flag for me. Any company with 95%+ payout ratio is much more vulnerable to a dividend cut.
-Credit rating? S&P gives Abbvie a BBB+ grade for its unsecured debt. This is a slight downgrade because their balance sheet is currently digesting a big acquisition from early 2020 (Allergan). Moody’s gives it a Baa2 rating for unsecured debt. These are both good, solid, investment-grade credit ratings (if you were buying the bonds of Abbvie). This looks great.
-Does it need a genius? Some companies run on all cylinders because they have a genius at the helm – often a founder. But what you want is a company any dummy can run, because sooner or later any dummy will. Don’t plan to invest long-term in companies that require skilled management. Abbvie is fairly diversified and has an OK pipeline of research. They also can buy little biotech companies that invent something but can’t navigate the regulations to bring it to market. So pondering giants are actually a good thing. Means they’re hard to break.
So, given that there was nothing obviously treacherous in our basic due diligence, and the extreme discount at which our example is selling for, this would be one you might want to buy! This is what I do for all the companies I invest in.
Notice that there is no story, no excitement, no narrative, no counting on good or bad management. Emotion has no place in investing. You also will notice that we took every opportunity to reduce the risk of losing your capital by always sandbagging the estimated value of the company. You never want to pick up nickels in front of a steamroller. You want the investment to be so obvious it hits you in the face like a baseball bat. If you’re ever on the fence, don’t do it. You don’t have to hit home runs – just don’t strike out.
You can be even more conservative in your estimates than I am. If, for instance, you used 5% growth rate for Abbvie’s dividend, you’d still get a present value of $148.57/share vs the current market price of $103.43. Similarly, you could use a higher interest rate, which would also lower the estimated present value.
You may have to do this calculation with more companies to find one to buy, but even in a very expensive market like today’s, there is always an opportunity. You don’t even have to look at little companies. There’s around 500 companies in the S&P – just start with “A” and work your way through all of them.
A quick note about further reading: I very strongly urge most people to actually read as little as possible on this subject once they get the basics. That’s not because there’s not more to learn, but because I would sadly say the majority of what I see and hear is actively bad advice. But if you do want to keep up with financial news and books and chat boards, the best thing to do is find out what the historical returns of the person giving advice are.
Since WWII, the long-run return on the S&P 500 has generally been just a bit shy of 10% per year. If someone can’t beat that, year-in-and-year-out, then their advice is worthless. As in, you don’t want to accidentally absorb it. This is, unfortunately, true for most professionals. Over the last 15 years, 92.2% of actively managed funds have underperformed a simple S&P 500 index fund (and they charge you fees for the privilege). Beware anyone selling something. The advice here is given freely
That’s why I made a point of mentioning that I have and regularly outperform the standard fund almost every year. Granted, I don’t have many of the regulatory restrictions a public fund would have, but it shows how useful the advice I’m giving here is. You don’t need anything fancy. You don’t need anything high risk. I’ve done this through two deep recessions and the longest bull market in history.
If you want to learn more about investing in general and where I learned how to do this, you can read Benjamin Graham’s The Intelligent Investor. It was written in the 1930s, so much of the technical information is out of date. Skip over that and just read it for the concepts.
Even easier reading is to go online to Berkshire Hathaway’s website and pull Warren Buffett and Charlie Munger’s annual letter to shareholders. Almost all of them have something useful in them and don’t make you do equations.
I am available for questions in the comments
submitted by Hi guys.
I have a betting related question. I like statistics myself, but I have trouble calculating if I’m actually making money. I bet on high odds stuff which should make the variance bigger.
Key numbers: 63 Wins
227 Losses
Return on investment: 130 %
Average odds 6,3 per win (Odds should reflect winning around 15,87 % of the time)
Can somebody help me out, or tell me how to calculate it myself? What I’m basically asking is, what are the chances that my real return on investment actually is 100 + making me profitable long term.
Thanks in advance!
submitted by I am 33 years old, make $180,000, live in Los Angeles, and am self employed Intro: I hope this gives people an idea of what finances look like while self-employed. I have included the Ref29 questions at the beginning to give you some more context. I am really nervous and excited to share this and appreciate being part of this community. Please be easy on me as this was not easy for me to share.
Ref29 questions: Was there an expectation for you to attend higher education? Did you participate in any form of higher education? If yes, how did you pay for it? Yes. Neither of my parents had college degrees. They didn’t really emphasize needing to go to college but the pressure came from the environment I was in. At my high school, it was assumed that everyone would go to a 4-year college. Community College was not even talked about as an option. Even though I am a first generation college student, it is not as much part of my identity as I think it plays for others. My dad was extremely successful in starting his own business as was my step dad, who also did not go to college. Now with a PhD, I almost feel like I took the easy route.
Growing up, what kind of conversations did you have about money? Did your parent/guardian(s) educate you about finances? Yes. My father passed away extremely suddenly when I was 13 and my mom was put in the position of figuring out what we were going to do since she did not work outside of helping my dad with his company. I grew up in a wealthy neighborhood (TV shows are made about the neighborhood I grew up in), went to private school, got a BMW as my first car, and went on international vacations every year (both to visit our family in our home country--my mom and I are the only ones in the U.S.-- but also to visit family friends in places like South Africa). It was an extremely privileged upbringing.
When my dad passed away, my mother started emphasizing the need to cut down on expenses. I was extremely lucky that I did not have to change schools when my father passed away and that I could maintain a stable environment.
As I got a little bit older there was a huge emphasis from my mother on women needing to take care of themselves and men not needing to know everything that they had. I am in my 30s and unmarried and this has definitely influenced my financial expectations and goals.
Did you worry about money growing up? I would say no. Even when my dad passed away, we did not have any obvious financial struggles (or at least my mother never showed me).
Do you worry about money now? I do not worry about money now. Half a year ago when I was ramping up my consulting business there were a few months where I didn't have any clients and I was worried about what would happen next. I am thankfully now at a point where I no longer have fears of not getting clients.
At what age did you become financially responsible for yourself and do you have a financial safety net? I think there is some debate in this community of what this even means. At 21, when I graduated college and got a job, I started paying for my bills although my mom still paid for the phone bill and car insurance. I do have a safety net in terms of being able to move home if I needed to and that I can make passive income through renting my apartment (more on this later).
I do think how I grew up led to my being able to get a Ph.D. At the time I made this decision, it wasn't about finding a job that made the most money, instead, it was about what I'm really interested in.
Do you or have you ever received passive or inherited income? If yes, please explain. Yes. As I mentioned above my father passed away extremely unexpectedly when I was 13. I got a sum of money from his Social Security payout every month until I turned eighteen. This went to a college fund for me which was used to pay for college and a small portion for a down payment of the current property that I live in. My mother also contributed the rest of the down payment (totaling 20%) on the property that I live in. I purchased the property (2 apartments and a house, three units total) in 2013, which was a great time in Los Angeles to buy. I am extremely grateful to my mother for coming up with this suggestion and doing this for me.
In 2021, I am also expecting to receive my father’s portion of an inheritance from my grandparents. I will most likely keep this in our home country and will need to learn more about the tax implications.
I receive passive income from house hacking. This money goes into a separate account that the mortgage is pulled from and I do not count in my calculations. This account pretty much zeros out every year due to expenses, mortgage, and property tax.
Income Progression: I've been working in my field for 11 years. I am counting the first year of my PhD as the first year I started working in my field.
Prior to my PhD I had a few odd jobs. I babysat as a teenager. I had a job the summer before college at a health food store in my area (I believe I was making $8 an hour plus tips) and I worked for 1 year as an admin assistant from 2009-2010.
2009-2010: I took a year off between my undergraduate and graduate degrees so I could save money before going to graduate school, pay for application fees, and take the GRE. I worked for my university at the medical school doing admin work. The salary was
$32,000 a year, but a few months in, we had to take 1 day a month furlough due to the financial crisis and budget cuts. I was very lucky to even have gotten this job as many of my friends who also graduated in 2009 were not able to find jobs after graduation. I also tutored SAT and made $400 a month (which was my rent at the time! I split a 2 bedroom 1 bath with 3 other guys!). I was able to save $10,000 for grad school and go on two big trips the summer before my PhD.
2010-2015: During my PhD program I earned between $1400 and $1800 a month for 9 months (summers are not typically paid). In a given year this was less than
$20,000. For some summers, I was able to find a research job. I lived in university housing and paid about $630 for my room in a 3 bedroom 2 bath student housing.
2015-2016: Upon graduating with my PhD I did a postdoc at the university where I got my undergrad degree from. This paid
$59,000 a year. This is actually very high for my field. Typical postdocs in my field are closer to $40,000-$50,000 a year (for reference, my field is Education).
2016-2019: I worked at a research center on campus affiliated with my postdoc. My starting salary was
$64,000 and got a 3% merit raise every year for 3 years (the merit raise was technically a cost of living raise). I think I ended up making
$72,000 only because I asked for my title to be changed. I was severely underpaid (I would say by $20K) in this position compared to other colleagues, which I was able to look up because salaries at public universities are public. I brought this up to management and was put in a position where I basically needed to leave. I had applied to many jobs and was one of the last 2 candidates for many positions, but never got an offer! I did get a verbal offer from one company but the next day was told that they actually did not have the budget for that position. I was in a very low place, to say the least.
Second half of 2019: I was extremely lucky to find a startup to consult for part-time for a few months. I charged $100 an hour. That brought my total income to
$80,000 in 2019.
2020: A few months later, I got another full time consulting gig making $150 an hour for 5 months. In June of this year was when I really started my own consulting business in that I was looking to build a business with multiple clients instead of being a contract employee or “full time” at one place. I am in the field of education and during COVID Edtech has blown up. It was a rough few months of no projects but in just a few months was able to build up a full roster of clients. I made
$180,000 this year and am so proud of this huge jump I made! I never thought this would be possible.
Assets and Debt *note I have rounded balances to the nearest 1,000.
Retirement Balance $63,000 in a roll over 401K (technically 403B) from my previous job. I worked for 3 years (+1 if you count postdoc) at a university. Mandatory 7% contribution with 7% match. I additionally contributed 5%.
$41,000 in my self 401K. $1,500 in an individual Roth. My goal is to contribute $20,000 a year to my self 401K.
$22,000 iIn Roth IRA contributions from previous years contributions that I finally invested this year. Before it was sitting in CDs (how dumb of me!). Part if this was from that initial $10,000 I had saved for grad school and part with money I had saved from working.
Equity if you're a homeowner (and how much you put down and how you accumulated that payment). Put down $225,000 (20%) on a multi family home. The house has 3 units. Most of it was from my mother. She is of the mindset that it is better to get an inheritance now that can be invested than to get it later. Some of this from a college fund that I didn’t use all of. $707,000 left to pay on the mortgage. Value is around $1.8 Million (according to my realtor last year).
Savings account balance $20,000 in an emergency fund. This is split between my personal savings and my business account. I saved this in 2020.
$20,000 in savings for downpayment for a single family home. I am hoping to save a total of $100,000. I saved this in 2020.
$3,000 in a travel and sinking fund. Because I do not get paid on a regular schedule, I like to keep more here so that I can transfer this to my checking account when needed. I saved this in 2020.
$12,000 in my tax fund. I set aside 30% of income I receive in a separate account for taxes. For 5 months this year I worked as a contractor and received a W2 and taxes were already taken out. I have paid quarterly taxes this December and am keeping this in case I need to pay more come April.
Investment accounts (non retirement) $6,100 in my stocks. This changes from day to day. I have amazon, uber, target, zoom, and tesla stock. I only started investing late 2019 and 2020.
$25,000 spread across a few ETFs. VTSAX FTW! $9,000 of this I had invested in 2019 and the rest was from 2020.
$2,000 in an HSA. I should have contributed all the years I was eligible but only contributed the last one at my job when I had a high deductible plan. I wish I had a high deductible plan now because this is such a good place to invest.
Checking account balance $800 in my main checking account
$100 in a secondary checking account.
Credit card debt (and how you accumulated it) none pay this off in full every month.
Student loan debt (for what degree) None. My undergrad psych degree was paid for with the money I got from my dad’s social security payment when we passed away when I was 13.
My PhD in Education was paid for through research assistantships and teaching assistantships (this is very typical of PhD programs. If you have to pay tuition, I suggest you do not attend that program).
Anything else that's applicable to you Additional debt is my car. I have a $504 monthly car payment that will end in October. The interest rate is .99% so I don’t think it makes sense for me to pay this off any sooner. I purchased a used luxury car with very low mileage. Put 12K down and financed the rest over 4 years. I’ve had the car for almost 4 years and it still has less than 25K miles on it. I’m sure she will last me at least another 10 years.
Section Two: Income Main Job Monthly Take Home: This is a difficult one to answer. Since I own my own business, I do not get a regular monthly or biweekly paycheck. Some clients I charge monthly per hour (where hours vary from month to month) and some clients pay by deliverable. In December 2020 I made $21,000, in November I made $1,100, and in October I made $26,000. This is all pretax as I am responsible for paying my own taxes. In the year 2020, I will have made about $180,000.
Any Other Monthly Income Here Yes. I am a landlady and the property I own has 3 units. I house hack, meaning that I live in one unit and rent out the other 2 units for $6,450 (total). This covers my mortgage, property taxes, and other expenses (maintenance, the plumber, who I did have to call this week). I keep any income generated from rent in a separate account and do not use it for personal use.
EXPENSES Yearly expenses Property Taxes: ~$17,000 a year. This is typically covered by what is leftover from monthly rent from my tenants. There are a few times where I’ve had to contribute to this from my own savings but have been lucky that my tenants have been able to pay rent this year..
Car registration: $322
Vespa registration: $70 (I think? I purchased this in 2020 and had to pay taxes on the purchase price to the DMV. This was rolled in with the registration)
Vespa insurance: $592.76. This is a lot in my opinion and unfortunately could not be combined with my car and house insurance.
Business expenses: In 2020, I spent $5,000 on my business. $500 is for business insurance. The other $4500 includes things like domain names, website hosting, squarespace account, etc. I also paid someone to help me with my website copy and marketing materials. I think this will stay the same or go up in 2021. I am thinking about ways to outsource some of what I do so I can bring in more clients and focus less time on social media, blogpost writing, and more time on the actual research.
Ring yearly plan: $30
Monthly expenses *below are expenses associated with my house account that I do not pay for with the income listed above.
Mortgage: $3,700 a month. This is covered and then some by the rent I receive from my tenants.
Electricity: $50. This is for my apartment as well as the common area of my property
Gas: $120 (this is for my apartment and another apartment I rent out). This is on the high end… california winter. In the summer it is closer to $30.
Water: $140. This is for the whole property.
*starting here are expenses that come out of my personal accounts
Home & car insurance: $367 a month (this includes my car and my home since they are bundled). I also pay an additional $200 a year for umbrella insurance (I still don’t know exactly what this is, but it is apparently important to have).
Health insurance: $484.07 a month. I purchase my own through Covered California.
Savings: Because I do not get paid regularly and think of my savings across a whole year. I would like to save 20K a year in my self 401K. I am also saving up for a downpayment for a house and would like to save 60K in 2021. I try to save a bit for other investments like $500 here and there in ETFs, or if there is a particular stock I want to buy. Right now, however, I am prioritizing saving for a down payment.
Debt payments: Just my mortgage and my car ($504 a month. This will be paid off in October 2021).
Donations: $50 to Planned Parenthood monthly recurring donation. I also contribute to other organizations like wikimedia, Upward Bound House, my friend’s theatre group, and the LA Food Bank. Basically anything that pops up in my inbox. My donations for 2020 totalled $1,300. I do some volunteering with a local homeless group but this is only a few times a year. Now that I have a better idea of my income while self employed, I do plan on upping this to $2K in 2021.
Wifi: $74.99 a month
Cellphone: $0 for me, My mom and I are on a family plan and she pays for this.
Subscriptions: LA times ($7.96). For entertainment, my friend and I split a lot of subscriptions. I pay for netflix ($12.99), spotify ($14.99), and sundance ($6.99 this is just temporary for 2 months for us to watch our favorite show Riviera), my friend pays for hulu and hbo. I use my mom’s amazon prime account.
Gym membership; cancelled due to COVID. Not sure yet if I will restart this.
Pet expenses: none
Therapy: $150 a month. I have a virtual session every other week and pay out of pocket for this.
At the end of each day please tally up your daily expenses. Then at the end of your diary please tally up all expenses in the following categories: Sunday 7:30am - I have a really hard time sleeping in even on the weekends
9:00am- my boyfriend is still in bed so I decide to try to get some work done for a client from bed.
10:15am- boyfriend still sleeping. Decide to take a shower.
11:30am- boyfriend finally wakes up! We have coffee, lounge a bit.
1:00pm- take my BF home. He lives about 5 miles from me. Really nice to get out of the house and take a drive. Wanted to drop something off at the UPS store and realized they are closed on Sundays!
2:30pm- finally make myself some breakfast. Yummy breakfast sandwich (an egg and a sausage on bread with mustard). Watch a bit of my show on HBO. Watching season 2 of My Brilliant Friend. I LOVE, LOVE, LOVED the books and am really digging the series. The characters look exactly how I imagine them from the book.
3:30pm- still nothing exciting happening. Took out the trash cans, vacuumed, wrote my schedule for the week on my white board in my office, did some work, browsed online a bit.
5:30pm- making breaded chicken fingers in the air fryer and sauteeing up some kale! Enough for lunch tomorrow.
7:00pm- watched Charade
9:00pm- in bed and scrolling through the trying for a baby subreddit. My BF and I have been TTC for a couple of months now. I know these things take time and I probably shouldn’t spend so much time on the internet googling my symptoms.
Monday 6:20am- alarm set for 6:20. So far during the pandemic, I haven’t been setting an alarm and will wake up anytime between 6am and 7am naturally. I am naturally an early bird. Did a 40 minute yoga session from the app Downward Dog. I look at my checking account and see that I’ve received $430 from the government in stimulus money. I have been wanting to donate more this year so research organizations to give to. Donate $200 to Upward Bound House and $200 to the local theatre. Also make my own hemp milk in the blender for my matcha latte.
8:00am- start getting some work stuff together. Create invoices for 2 clients. I have a call with a potential client at 9:30 and need to brush up on what we spoke about last. In my field, a lot of organizations get funding through grant competitions. We are the finalists for one and they would like me to be one of the presenters! Eeek. Get an email that the yoga app I have been using is only $14.99 for the year so purchase that
8:40am time for my second matcha latte.
9:30am meeting with a client
9:50- meeting ended early. My best friend who is in another country right now wants to vid chat. We chat for about 10 minutes
10:15am- getting hungry! Heated up the chicken fingers from last night
11:00-12:30- run some errands. Get my Vespa looked at. It was acting weird a few months ago and now we can’t recreate the problem. Go to the postoffice to send my friend’s xmas gift. $11.04
12:30 continue working
4pm- heating up the last of my chicken fingers! Looks like i’m having a super early dinner today.
5pm- lost a little steam. Did a 10 minute ab workout. Loaded the dishwasher. On the computer now trying to do more work.
6:00-6:45pm- spent some time decluttering and listing items on Poshmark. I really am on a mission to declutter as much clothing as possible and only keep the things I love and feel confident in. I get a lot of things second hand from my mom so it is hard for me to part with stuff because I think of it as her stuff. But this past month I have really focused on figuring out my personal style and how I want to dress (thank you pinterest for helping me).
7-8pm did work for an hourly client
8pm- veg time and my eventual bedtime.
Total= $426.03
Tuesday 6:20- read news, don’t get out of bed until 6:45. Empty the dishwasher. Do a 35 minute yoga session. Shower.
8:05- working! Some work for an hourly project. Our meeting is at 9am this morning.
11:30- meeting ended early! Going to make some lunch! Rice bowl with eggplant, kale, sausage and egg on top! My tenant reported that her kitchen sink is leaking so I called the plumber.
1:30- took the vespa to fedex to print documents ($1.08). Stopped by the gas station to fill up ($4.05). Came home, packed items, and walked to the post office to drop things off in the mailbox.
2:15pm- back at my desk to work.
4:30pm- just ended a meeting with my business partner. Hoped on a video call with my BF. He is coming over tomorrow.
5:30pm- start making dinner. Meatballs (with turmeric and chickpea flour!) rice, radish
6:30-7pm- hop on a call with my friend in singapore
7pm- I pull the trigger and purchase an 8 week coaching class with
Melissa Le Man ($290). I have been following her on snapchat and her clients have great results! This might be categorized as lifestyle creep, but I’m at a point where I do not want to spend mental energy trying to decide what to eat or how to work out. Once I fill out her intake form and take before pictures she will email me an eating and workout plan within a week.
Total- $295.13
Wednesday 6:10- wake up a bit before my alarm. Read the news. Go on Target to purchase dumbbells and food scale I need for my training. I opt for picking up items from two locations.
7:45am- take my “before” pictures to send to the trainer. I also finish filling out her intake questionnaire about my goals and lifestyle and eating habits.
9:20- have 10 minutes before my next meeting. What do I do?? Trying to be more consistent in writing blogposts.10 minutes of writing is better than 0 minutes!
10:50- finished a call and some emails. Time to eat!
11-12:30- went to target to pick up my order ($45.14) and went grocery shopping ($90.88). I go grocery shopping once a week and some weeks it is on the higher side (like this bill) and some on the lower.
I know I’m going to get some hate for venturing out of my house but I honestly don’t want to rely on delivery anymore. It is so wasteful. Yes, I could have all these things delivered to me and not leave the house, but I would still be putting work on others.
12”50pm Did some laundry, changed my sheets. Start working from working from bed. I am exhausted today.
Following the shit show of what is happening at the White House
2:30pm- the plumber is here. I wasn’t expecting him until tomorrow! Also on the phone with my BF about insurance. He is a contractor and decided to purchase his own health insurance. The day is going by so quickly and haven’t gotten as much done as I had hoped. It’s just been one of those days.
4:30pm- meeting ended early. Folding laundry, cleaned the bathroom.
5:00pm- back on computer to send a few emails.
5:30pm- start cooking dinner. BF on his way over.
9:00pm- pass out super early
Total: $136.02
Thursday 6:30am- set my alarm for 7:30 but up at 6:30. Feel so much more rested than yesterday
8am- advisory board meeting
11am- meeting with a potential client
12pm- BF is making us a nice brunch! Omelettes with sausage and bread!
2pm- my BF got me a TV for xmas!!!!!!!!! Best Buy cancelled the TV that was supposed to be delivered so we go to Best Buy to pick it up (they come out to the car to deliver it). Then we go to Target (a different location from here I was earlier in the week) to pick up my second set of weights for my personal coaching ($47.07).
3:30pm get home, BF sets up TV, I go back to work
5:30 I am crazy hungry and pick up pizza for us. $54.71 (includes 20% tip).
Fall asleep around 9:30pm
Total: $101.78
Friday 6:30am - wake up again before my alarm. Do some emails, read the news
8:00am- Go on my Friday bike ride! This is about 10 miles total on a nice bike path from my house to the beach. Listen to You’re Wrong About podcast. The bike ride really helps me clear my head and am excited because not many people are out
9:05 am. Get back, shower. BF brings coffee.
10:05am meeting and NON STOP WORK UNTIL 5:30pm. It was a crazy busy day for me today with a last minute project that got added. Luckily we have leftover pizza for lunch! And the CSA box my friend gave me as an xmas gift arrived! Totally forgot this was coming or else I would’ve bought less veggies at the store. Freeze the spinach for my smoothies, and rinse, trim, and freeze the strawberries from the grocery store.
5:45pm- BF makes dinner!
7:30pm- in bed watching My Brilliant Friend on HBO. Finished season 2.
I think I passed out at 9:30 or so.
Saturday 6am- no alarm why am I up? Lounge in bed, go on youtube and snap chat. Do a 40 minute yoga session on Downward Dog app. Eat some leftover pizza.
10am- have a call with a family friend. I am actually hoping I can hire her to help me with some of my work.
11:15am- have a call with my business partner for a grant that we are helping a client put together
12:00pm- pop in some laundry then my BF and I head in the car to pick up sandwiches from a place that he loves. Hot pastrami sandwich for me. He pays. We eat the sandwiches on the curb outside by the parked car.
2:00pm get home, chill for the rest of the day and evening. Fold laundry, vacuum, watch Wonder Boys, watch a lot of youtube, basically enjoying the TV and I pass out at 9pm.
Totals Food + Drink- $145.62
Fun / Entertainment- $0
Home + Health- $392.20
Clothes + Beauty = $0
Transport = $4.05
Other: $412.12
Total: $953.99
Lastly, reflect on your diary! This was not a typical week for me in terms of spending since I did make donations and paid for private coaching and workout equipment. I was pretty drained and exhausted this week. I didn’t really take a break from working over the holidays and I think it is finally catching up to me. I also ventured out of my house more in the past week than I have in the last few weeks combined. It was really nice to feel like I was actually doing something and not just suck at home. I also ate way more meat this week than I usually do.
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