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‘I work just 5 hours per week’

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I never was the entrepreneurial type. But after losing my job as an audio engineer in 2009, I needed to get creative to make ends meet.

Thirteen years later, at age 39, I’ve built two online businesses that earns me a combined $160,000 a month in passive income. I also recently published a book, “Easy methods to Get Paid for What You Know.”

The primary business I began was The Recording Revolution, a music and education blog that sells music production courses. The second, which I began in 2018, teaches people easy methods to make cash off their passions, like I did. It’s essentially the most lucrative business, due to online course and training program sales, in addition to affiliate commissions.

Graham Cochrane began his first business in 2009. Since then, he’s scaled two online corporations and now grosses about $120,000 monthly.

Photo: John Olson for CNBC Make It

Around 2,800 people use my products, and my goal is to assist more entrepreneurs grow their online businesses while working fewer hours.

My top priorities are spending time with family and having the ability to give back, so I’ve arrange my work and private life to have the opportunity to concentrate on those key values.

Here’s what my typical day looks like:

Mornings start slow and straightforward

I often get up at 5 a.m. — before the children — because I all the time want an hour to myself. I’ll start with coffee and my Bible.

After some reading, praying and journaling, I’ll make breakfast with my wife and wake the children. We’ll spend 20 to half-hour eating together within the kitchen before I drop them off in school by 7:30 a.m.

Then I head back to my home office, or do a fast gym session if I’m within the mood.

Graham and his wife have breakfast with their kids within the morning before talking through their schedule.

Photo: John Olson for CNBC Make It

I work just five hours per week — Mondays and Wednesdays

On Mondays, I plan and create YouTube videos and podcast episodes. Potential customers often find me through this free online content. In the event that they prefer it, they’ll join for my newsletter and get emails about free resources and premium online courses.

I make a bit of passive income from these courses. I’ve designed my business system to routinely send emails, so the majority of my work is just to take care of a gentle flow of latest, free content.

Recording videos and podcasts takes about two hours. I even have someone who edits and uploads the content. My remaining hour on Mondays is devoted to answering emails or giving advice to members of my Six-Figure Coaching Community.

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

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

Photo: John Olson for CNBC Make It

Once a month, I film an exclusive training for members of my paid community which adds about two extra hours of labor monthly to my schedule.

I’ve never been a fan of the hustle culture; I do not believe it’s healthy or sensible. For those who can discover a method to construct systems into your enterprise in order that it mostly runs by itself, you needn’t waste time doing constant upkeep.

In any case, what is the point of “being your personal boss” for those who’re working on a regular basis?

Family time is my No. 1 priority

People often ask me what I do with all of the overtime in my week, and my answer is not essentially the most exciting. I run errands, hit the gym, go to the automotive wash, have coffee or lunch with a friend, or dive into a great book. Straight away, I’m reading “Living Fearless” by Jamie Winship.

But most significantly, I spend time with my family. Fridays are regarded as “date day” with my wife. We work out, exit to lunch, make amends for life, talk in regards to the kids, and meet with our marriage counselor.

Recently, we have been specializing in easy methods to communicate higher when we have now disagreements. No marriage is ideal, and the work I’ve put into our relationship has has made me a greater husband and father.

My wife and I never compromise on picking up the children from school together. We would like to be home after they are. Our other non-negotiable is family dinner. We sit all the way down to a tech-free dinner every night. Most evenings, my wife cooks and I do the dishes. But we also eat out just a few times per week.

“My schedule has two non-negotiables,” says Graham: “I pick my daughters up from school day by day, and our family eats dinner together every night.”

Photo: John Olson for CNBC Make It

We love going out for walks, swimming within the pool, watching movies or playing Nintendo Switch with the children. By spending time together, we hope to show them essential life skills like easy methods to share feelings and be kind to one another. I also want them to feel like helpful, included family members.

We’re big on traveling, too — each locally in Florida and around the globe. A number of summers ago, we spent a month within the South of France. And just this spring, we stayed in Puerto Rico for 3 weeks. Having the time and suppleness to make these sorts of memories together is priceless.

Radical generosity a core value

We attend church every Sunday, and infrequently do volunteer work with local organizations that help the unhoused population in our city.

My philosophy is that I make this money in order that I may give most of my profits away to charities and my local church, groups which can be doing a whole lot of good on the planet.

Straight away, my wife and I donate 30% of our income, but we hope to eventually give away 50%.

Graham Cochrane is founding father of The Recording Revolution, creator of “Easy methods to Get Paid for What You Know″ and is a business coach to over 2,800 customers worldwide. Follow him on Instagram and Twitter.

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