The last blog I did talked about my laziness. Nothing to report on that front, I'm afraid, still too comfortable to need to graft all the hours on start-up businesses.
But, the world/country/environment around me has changed. Interest rates are predicted to soar, because the cost of living is set to soar. Energy prices are soaring - from a facebook post on one of the local groups I'm in, someone reported that their £78 a month direct debit was attempted by their energy company to be changed to £430 each month.
So, now seems like a good time to do something.
I've also come to the decision that if I am able to make any profit, that this will go to a foodbank locally, or by nomination from one of you readers, if that's possible. (Doing some good as an insurance against the time that I might need it...)
The businesses that I'm going to start are:
- A YouTube channel - passive income, in the hope that I can make revenue from views and their ad scheme
- Coin collecting/trading - using money to make money seems quite meta, but it's what the City does, and coins aren't difficult to store or maintain
- A publishing company - because a heart that's what I would secretly want to do
All three are essentially free to start up, so I can utilise my initial funding round (five quid, in case you'd forgotten) on something other than stock.
There's another factor in this - my mate Callan (see previous post) told me that his dream is to have a record label (actually, his dream is to have a kitchenaid, but even when we're lying in the gutter, we can look at the stars...). His response to my gentle nudge of "why don't you start one then?" reveals the gulf between my Surrey-based lifestyle, and his north-east based life - "never having financial stability nor disposable income".
Callan is whip-smart, enthusiastic and energetic - the yin to my yang. As I've always found it easier to help other people than motivate myself for myself, I'm going to add this to the Three Fivers Hall of Fame as an aspiration. Callan deserves it, and there's half a country of Callan's.
I'll let you know how it is going.
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