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Hi, just an update on my situation and to use as a progress and execution thread.
As you’ll see from my original introduction, I screwed up my life big time a few years ago and hit rock-bottom in 2015. The years since then have been about recovering and rebuilding. From 2016 – to early 2021 I worked a good job, saved hard, did some side hustles, and with this managed to pay off £70,000 of debt, and build some capital again.
I also created some free online courses on Udemy in the happiness/mental health space, the most successful of which has been “Know Yourself” which has a 4.75 rating. What was pleasing about this was the fact that it was my most recent course and my highest rating, showing that I’d learned and improved and taken on feedback from previous courses. What’s bad though is that it was I think about 2018/19 when I produced this course and I haven’t done any more courses since.
I also wrote a book with the rather cheesy title of “From Crappiness to Happiness”. I was going to use it purely as a marketing tool, a free giveaway etc. for my “personal brand”, but in the end I gave up that pathway and have barely used the book at all for anything, rather embarrassingly. Other than sharing it with a few friends and family. It’s fair to say marketing it not my strong point but I know I need to improve it MASSIVELY if I’m ever to have any chance of significant entrepreneurial success.
From about May 2021 to just very recently, I lost my way completely, becoming unproductive and not as happy or fulfilled as I was. I think I just let certain things get to me, was too hard on myself and forgot some of the principles that had served me so well in the past.
I have used most of the capital I have saved up to buy a rental property with my brother however, so I do now jointly own a property with no mortgage, which brings in about £280 ($350sih) per month after costs/taxes. Whether this was the best use of my capital is probably debatable, but nevertheless it felt like the right thing to me, even just psychologically and how it makes me feel.
I’ve recently got back on track with my mentality, productivity, happiness and fulfilment, and as of today have half a house, but now only about £10k in capital due to putting most of my money into the house.
As far as a business aimed at being more than a side-hustle is concerned, I’m at the idea/early execution stage. I will be starting out teaching foraging. Is it “Fastlane”!? Definitely not at this stage, but I’ve read enough on this forum to know that it’s better for me to do something and fail miserably than to keep doing nothing in the wait for that “perfect” Fastlane idea!
Oh, and I’ve just quit my job too – not in a rose-tinted glasses “yippee I’m gonna quit my job and become a millionaire” way, but simply because I was tired of it (I enjoyed it for many years but it ran its course and the company wasn’t the same after the pandemic) and I felt like having a career break to focus on getting back to who I was and getting something started. I have no concerns about being able to get another job so that’s what gave me the confidence to do that, and so based on my financial situation I will look to get another job in the autumn to support myself while I build something to a big enough size to be able to forget about a job altogether – I understand of course that this in itself will likely take years, but I’d love it if the next job I get is the last one I ever have.
Priorities for the next couple of months while I have the luxury of time:
As you’ll see from my original introduction, I screwed up my life big time a few years ago and hit rock-bottom in 2015. The years since then have been about recovering and rebuilding. From 2016 – to early 2021 I worked a good job, saved hard, did some side hustles, and with this managed to pay off £70,000 of debt, and build some capital again.
I also created some free online courses on Udemy in the happiness/mental health space, the most successful of which has been “Know Yourself” which has a 4.75 rating. What was pleasing about this was the fact that it was my most recent course and my highest rating, showing that I’d learned and improved and taken on feedback from previous courses. What’s bad though is that it was I think about 2018/19 when I produced this course and I haven’t done any more courses since.
I also wrote a book with the rather cheesy title of “From Crappiness to Happiness”. I was going to use it purely as a marketing tool, a free giveaway etc. for my “personal brand”, but in the end I gave up that pathway and have barely used the book at all for anything, rather embarrassingly. Other than sharing it with a few friends and family. It’s fair to say marketing it not my strong point but I know I need to improve it MASSIVELY if I’m ever to have any chance of significant entrepreneurial success.
From about May 2021 to just very recently, I lost my way completely, becoming unproductive and not as happy or fulfilled as I was. I think I just let certain things get to me, was too hard on myself and forgot some of the principles that had served me so well in the past.
I have used most of the capital I have saved up to buy a rental property with my brother however, so I do now jointly own a property with no mortgage, which brings in about £280 ($350sih) per month after costs/taxes. Whether this was the best use of my capital is probably debatable, but nevertheless it felt like the right thing to me, even just psychologically and how it makes me feel.
I’ve recently got back on track with my mentality, productivity, happiness and fulfilment, and as of today have half a house, but now only about £10k in capital due to putting most of my money into the house.
As far as a business aimed at being more than a side-hustle is concerned, I’m at the idea/early execution stage. I will be starting out teaching foraging. Is it “Fastlane”!? Definitely not at this stage, but I’ve read enough on this forum to know that it’s better for me to do something and fail miserably than to keep doing nothing in the wait for that “perfect” Fastlane idea!
Oh, and I’ve just quit my job too – not in a rose-tinted glasses “yippee I’m gonna quit my job and become a millionaire” way, but simply because I was tired of it (I enjoyed it for many years but it ran its course and the company wasn’t the same after the pandemic) and I felt like having a career break to focus on getting back to who I was and getting something started. I have no concerns about being able to get another job so that’s what gave me the confidence to do that, and so based on my financial situation I will look to get another job in the autumn to support myself while I build something to a big enough size to be able to forget about a job altogether – I understand of course that this in itself will likely take years, but I’d love it if the next job I get is the last one I ever have.
Priorities for the next couple of months while I have the luxury of time:
- Find customers for an offline course I aim to run in the local area.
- Start posting some videos to my new YouTube channel to support the brand.
- Continue to learn and develop my videography and editing skills.
- Start creating an online version of the offline course(s) I’m hoping to run.
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