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‘I work just 5 hours a week’: This 39-year-old makes $160,000 per month in passive incomea look at his typical day

I never was the entrepreneurial type. But after losing my job being an audio engineer in 2009, I had to obtain creative to create ends meet.

Thirteen years later, at age 39, I’ve built two internet sites that earns me a combined $160,000 per month in passive income. I also recently published a book, “Ways to get Paid for EVERYTHING YOU Know.”

The initial business I started was The Recording Revolution, a music and education blog that sells music production courses. The next, which I were only available in 2018, teaches people steps to make money off their passions, like I did so. It is the most lucrative business, because of online course and coaching program sales, in addition to affiliate commissions.

Graham Cochrane started his first business in 2009. Since that time, he’s scaled two online companies and today grosses about $120,000 monthly.

Photo: John Olson for CNBC ENSURE IT IS

Around 2,800 people use my products, and my goal would be to help more entrepreneurs grow their internet sites while working fewer hours.

My top priorities are hanging out with family and having the ability to surrender, so I’ve setup might work and personal life in order to concentrate on those key values.

Some tips about what my typical day appears like:

Mornings start slow and easy

I awaken at 5 a.m. prior to the kids because I usually want one hour to myself. I’ll focus on coffee and my Bible.

After some reading, praying and journaling, I’ll make breakfast with my partner and wake the youngsters. We’ll spend 20 to 30 minutes eating together in your kitchen before I drop them off at school by 7: 30 a.m.

I QUICKLY return to my office at home, or execute a quick gym session if I’m in the mood.

Graham and his wife have breakfast making use of their kids each morning before talking through their schedule.

Photo: John Olson for CNBC ENSURE IT IS

I work just five hours weekly Mondays and Wednesdays

On Mondays, I plan and create YouTube videos and podcast episodes. Potential prospects usually find me through this free online content. Should they like it, they are able to join my newsletter and obtain emails about free resources and premium online courses.

I create a chunk of passive income from these courses. I’ve designed my business system to automatically send emails, therefore the bulk of might work is just to keep up a reliable flow of new, free content.

Recording videos and podcasts takes about two hours. I likewise have somebody who edits and uploads this content. My remaining hour on Mondays is focused on answering emails or giving advice to members of mySix-Figure Coaching Community.

On Wednesdays, I spending some time on community interaction, then host a 90-minute live call with my advanced business coaching students.

Graham spend about five hours weekly creating content and managing his businesses.

Photo: John Olson for CNBC ENSURE IT IS

Monthly, I film a special training for members of my paid community which adds about two extra hours of work monthly to my schedule.

I’ve never been a fan of the hustle culture; I don’t think it’s healthy or wise. When you can discover a way to create systems into your organization in order that it mostly runs alone, you don’t have to spend your time doing constant upkeep.

In the end, what’s the idea of “being your personal boss” if you are working on a regular basis?

Family time is my No. 1 priority

People often ask me what I really do with the more time in my own week, and my answer isn’t probably the most exciting. I run errands, hit the fitness center, visit the car wash, have coffee or lunch with a pal, or dive right into a good book. At this time, I’m reading “Living Fearless” by Jamie Winship.

But most of all, I spending some time with my children. Fridays are believed as “date day” with my partner. We workout, venture out to lunch, catch through to life, discuss the youngsters, and talk with our marriage counselor.

Lately, we have been focusing on how exactly to communicate better whenever we have disagreements. No marriage is ideal, and the task I’ve placed into our relationship has has made me an improved husband and father.

We never compromise on picking right up the youngsters from school together. You want to be home if they are. Our other non-negotiable is family dinner. We sit back to a tech-free dinner every evening. Most evenings, my partner cooks and I really do the laundry. But we also eat out several times weekly.

“My schedule has two non-negotiables,” says Graham: “I pick my daughters up from school each day, and us eats dinner together every evening.”

Photo: John Olson for CNBC ENSURE IT IS

We love venturing out for walks, swimming in the pool, watching movies or playing Nintendo Switch with the youngsters. By hanging out together, hopefully to instruct them essential life skills like how exactly to share feelings and become kind to one another. I also want them to feel just like valuable, included family.

We’re big on traveling, too both locally in Florida and all over the world. Several summers ago, we spent per month in the South of France. And just this spring, we stayed in Puerto Rico for three weeks. Getting the time and flexibility to create these types of memories together is priceless.

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