L's Journal

Where are you and where are you going?
Sabaka
Posts: 113
Joined: Wed Apr 26, 2017 9:41 am

Re: L's Journal

Post by Sabaka »

Hiya, just read through your journal, really interesting! Also nice to have another Brit in the forums :) .

But anyway, in one of your posts you talked about whether anyone had any ideas about alternative investment strategies as compared to traditional index fund investing. As I've been thinking about this recently, I might be able to help.

Firstly, one option would be to go for the "regular saving" accounts many banks offer. These types of accounts usually offer up to 5% return, and they require that you save a set amount each month. Advantage of these is that it is a good interest rate, your money is as safe as it can ever be and they're relatively easy to administer. The main disadvantage is that often these savings accounts have other requirements, such as having a current account with the bank also, etc. Another disadvantage is the amount you can save each month is usually capped at quite a small amount, so you wouldn't be able to make full use of the £15k. More can be found about these types of accounts here: https://www.moneysavingexpert.com/savin ... -accounts/

Secondly, another option would be p2p (peer to peer) investing. Basically these accounts allow you to become a lender, either to businesses or individuals. Interest rates can be quite good, with a minimum of 4% p/a going right up to 12% p/a. Generally, the more reputable ones will offer between 5 and 7% for longer-term lending, anything more and it gets much riskier. The advantages of p2p investing is that it is generally more stable than investing in stock index funds, and in most conditions returns will be as described. The disadvantages are that p2p investing is still susceptible to bad returns (businesses or individuals not honouring debt obligations), especially during economic downturns. Also, you might feel that lending to individuals is unethical for whatever reason. The website https://www.4thway.co.uk/ gives a good overview of the different p2p companies around.

A subset of p2p investing that might interest you more is the ethical side. A number of companies offer ethical options for p2p lending, where your money is going towards renewable energy tech, sustainable businesses, etc. There are also options to buy shares in ethical companies, etc. You can find quite a few options here: https://www.ethex.org.uk/savings-and-in ... ts_16.html. Also there are two other companies, "Abundance" and "Triodos", who offer similar investment opportunities, they may be worth a google :)

Finally, there are also ethical index funds available. Of course the issue with this is that they may include companies which you don't think are ethical or will survive the future. Alternatively, you can also try to invest in the individual stocks of companies that you are comfortable with and believe will do well in the future, but this is very time consuming and there is no guarantee you'll be right.

Sorry for such a long post :lol: But I hope it helps, and if you have any other questions feel free to shoot!

BookLoverL
Posts: 137
Joined: Tue Apr 09, 2019 4:17 pm
Location: England

Re: L's Journal

Post by BookLoverL »

Thanks for the advice Sabaka! I've heard of at least some of these things before, but I'll look into the things you said.

ON BUSKING:

I tried busking properly for the first time today!

Now, I didn't get any money from it today - I think there are several aspects of my performance that I need to work on.

But: I stood playing for half an hour in the main section in the town centre.
I didn't get suddenly struck by lightning or dissolve into jelly or something.
I wasn't immediately booed and heckled, or indeed heckled at all really, so I must have sounded ok.
I was really nervous beforehand and almost chickened out, so having properly realised in my brain that, yes, this is a thing I can do and the world will keep spinning, that's a big step towards actually earning money from this activity. Can't earn money from busking if you don't go out busking.
I'm going to practice some more and increase my repertoire, and I also need to build my singing confidence up so I can sing happily in front of strangers, but I think if I do that and tweak a couple of other things, I can absolutely figure out how to get people to pay me money for this.
So, I'm counting this as a success!

bigato
Posts: 2806
Joined: Sat Mar 05, 2011 12:43 pm
Location: Brazil

Re: L's Journal

Post by bigato »

Video pls!

BookLoverL
Posts: 137
Joined: Tue Apr 09, 2019 4:17 pm
Location: England

Re: L's Journal

Post by BookLoverL »

No video right now, I didn't take a camera. But I'm thinking of making a YouTube channel at some point.

bigato
Posts: 2806
Joined: Sat Mar 05, 2011 12:43 pm
Location: Brazil

Re: L's Journal

Post by bigato »

Yay!

BookLoverL
Posts: 137
Joined: Tue Apr 09, 2019 4:17 pm
Location: England

Re: L's Journal

Post by BookLoverL »

So, I was on a server I'm in for another thing I like, and we got to talking astrology randomly. (I know, I know, but I really love personality quizzes of any sort and I ended up reading in quite some detail about how reading a natal chart works over time because my nerd brain locked onto it, so I actually know quite a bit about how astrology is supposed to work.) Anyway, I ended up PMing this one person and basically doing a detailed natal chart reading for them just because I thought it'd be a fun thing to do. But then at the end they spontaneously decided to pay me like £30 through Paypal even though I didn't ask for payment at all and was just doing it for fun. So, I'm happy, because I wasn't expecting to earn any money today. :D

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Bankai
Posts: 816
Joined: Fri Jul 25, 2014 5:28 am

Re: L's Journal

Post by Bankai »

Could this be turned into a business?

BookLoverL
Posts: 137
Joined: Tue Apr 09, 2019 4:17 pm
Location: England

Re: L's Journal

Post by BookLoverL »

Possibly, I'd have to look into the best way of setting it up while keeping it separate from my other businesses because of the reputational aspects (parents probably don't expect their children's maths tutors to also be astrologers). I wasn't sure if I was Knowledgeable Enough compared to existing professional astrologers, but I guess I do in fact know a lot compared to the average person, so I am in fact providing a service here. :D I'm pretty busy at the moment with a number of things but when I get time I will definitely look into it.

classical_Liberal
Posts: 1680
Joined: Sun Mar 20, 2016 6:05 am

Re: L's Journal

Post by classical_Liberal »

Man, you are finding some cool hobbies for potential income streams! WTF, why can't I think of cool stuff like this?

BookLoverL
Posts: 137
Joined: Tue Apr 09, 2019 4:17 pm
Location: England

Re: L's Journal

Post by BookLoverL »

Hmm, let's see...
Step 1) Be genuinely interested in a bunch of different stuff.
Step 2) Do that stuff enough out of sheer joy that you get actually kind of good at it (or at least can see you're going to be good at it)
Step 3) Make other people aware of your talent in that area somehow
Step 4) Check if other people have already made money from that hobby somehow and copy their ideas
Step 5) Actually start trying it instead of just thinking about it

I'm not approaching all of the income streams equally seriously, since I don't want to make all my hobbies feel like work. But I'm just kind of being open to the possible methods of earning money from them? And if I just get a small amount of money each year from them, well, I've got enough things going on that it should add up to a decent amount altogether.

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Bankai
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Joined: Fri Jul 25, 2014 5:28 am

Re: L's Journal

Post by Bankai »

BookLoverL wrote:
Mon Sep 09, 2019 3:30 am
Step 5) Actually start trying it instead of just thinking about it
I think this is where 99% of people never arrive. I have a friend who has enough ideas to fill several lifetimes but he never gets to the action stage and still works customer service job. Even if he only moved from 100% talking to 80% talking 20% doing, I'm quite sure he'd find something that works by now.

If you can do this natal reading thing once a day for £30, you never need to have a job again (assuming you can live on £900 a month). Even just once a month is equivalent to £9000 saved at 4%.

bigato
Posts: 2806
Joined: Sat Mar 05, 2011 12:43 pm
Location: Brazil

Re: L's Journal

Post by bigato »

Nice! It remembers me of something that happened last week. A friend told me that a friend of hers was looking into buying an apartment around the area I live. Since I did a lot of research on this recently, I told her I could give advice. We ended up scheduling a meeting at a vegan place, where the talk went to investments, FI and such. After the one hour or so of talk, he wanted to pay my tab, so I ended eating free vegan food in exchange for sharing info I'm excited about :)

BookLoverL
Posts: 137
Joined: Tue Apr 09, 2019 4:17 pm
Location: England

Re: L's Journal

Post by BookLoverL »

Ooh, free food in exchange for having fun sounds great! :D It really is great when things line up this way.

BookLoverL
Posts: 137
Joined: Tue Apr 09, 2019 4:17 pm
Location: England

Re: L's Journal

Post by BookLoverL »

Happy New Year, everyone!

I know I've basically not been on the forum for like, 3 months or something. I just do that sometimes as my interests shift around, I guess.

Anyway, I made a very big decision that is probably not very ERE, but I'm glad I did. Basically, I got too fed up with living with my parents and putting up with them constantly trying to make me do things in a more mainstream way than I wanted to, and at the rate my savings were going I'd have had to live with them for several more years to buy my own house. So I made the decision to rent a place in my area.

The cost is £595 per month before other bills, which is already around 60% of my current rough income. BUT I don't regret it, because it's already paying dividends in terms of giving me the space to think and concentrate. My Tourette's symptoms have decreased, I'm not being interrupted by my mother every 15 minutes over something trivial, and I've been able to experiment with cooking, like trying baking my own soda bread and dropping the number of times I was eating meat to average 3 times a fortnight.

Plus, I fully anticipate that my income will increase this year, as I have several ideas for development of existing and new money-earning projects. So it's possible that in the first year I may have to eat into my savings a little, but in the long run I anticipate still being able to save to eventually buy.

I haven't done up my figures for 2019 yet, because all my financial records are still mostly at my parents' - I'll probably get them this weekend, so I'll calculate my profit for 2019 then.

bigato
Posts: 2806
Joined: Sat Mar 05, 2011 12:43 pm
Location: Brazil

Re: L's Journal

Post by bigato »

I missed you!

I should disagree with your opinion on moving out. I think it’s a good move ERE-wise because ERE is about buying your freedom and owning the rights to live life on your terms. Furthermore, I suspect the newly freed mental space will even help you learn new ways to accumulate money faster. Congratulations!

BookLoverL
Posts: 137
Joined: Tue Apr 09, 2019 4:17 pm
Location: England

Re: L's Journal

Post by BookLoverL »

Thanks bigato! It will definitely help me with living my life on my terms, and I think for sure I will be able to make money faster without having to constantly fight against my parents trying to re-mainstream and mediocrify my life perspectives.

(They both spent most of their lives as the type of self-employed where you worked in a career for a while and then left to do it yourself, and neither of them are willing to consider ERE sort of lifestyle changes, or even anything that "looks" too different from the mainstream really. Plus their house is full of both business and consumer clutter. I've only moved half the stuff out my bedroom and already the space I opened up has been filled with their clutter, with no noticeable difference in the rest of the house.)

Unfortunately I have already managed to accidentally get mould on my toiletry bag due to leaving it on a wet windowsill in the bathroom and trying to save money on heating. So hopefully I can rescue that because I really like the design. But lesson learned, I guess. xD The price of freedom is that sometimes you make mistakes... xD

bigato
Posts: 2806
Joined: Sat Mar 05, 2011 12:43 pm
Location: Brazil

Re: L's Journal

Post by bigato »

Yeah, you can’t learn without making mistakes :)

During the time you were away, I got my official autism diagnosis. Also I learned that there is a lot of overlap between autism and adhd:
it’s estimated that up to 80% of children with autism also meet the requirements for an ADHD diagnosis. Conversely, up to 50% of kids with ADHD may also have autism.
I was also shocked by how different the female profile for autism is. I figured you’d be interested!

BookLoverL
Posts: 137
Joined: Tue Apr 09, 2019 4:17 pm
Location: England

Re: L's Journal

Post by BookLoverL »

Oh yeah, for sure there's a lot of overlap between autism and adhd. There's a high comorbidity with Tourette's and ADHD too, and with OCD. Personally I always felt the descriptions of autism fit me slightly better than the adhd ones, but I can relate to things shared by people with a lot of different types of neurodivergence quite often, because there's some overlap with all of them really.

Women do often get missed because it can present differently than in men, and it's important to be aware of. I think because of some of the feminine socialisation that women are usually socialised into, it can mask some of the symptoms, or doctors just aren't aware sometimes of how it looks in anyone other than stereotypical male presentation.

BookLoverL
Posts: 137
Joined: Tue Apr 09, 2019 4:17 pm
Location: England

Re: L's Journal

Post by BookLoverL »

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5104764/

I found this article about comorbidities with Tourette's. Apparently over 70% of patients also have either ADHD or OCD.

BookLoverL
Posts: 137
Joined: Tue Apr 09, 2019 4:17 pm
Location: England

Re: L's Journal

Post by BookLoverL »

Since I moved I've been spending a bit more time than I'd like getting caught up in doing sort of nothing much (e.g. online and similar), but I'm hoping that this'll just be a bit of a decompression phase now that I've not got my parents feeding the External-Motivation-Voice a lot (e.g. "you're so useless, you haven't even done X!" "you should do this thing!" etc.). Back when I was at uni I'd got much more in touch with my own internal motivation, which I think may be the cause of a significant amount of family friction I've had, because the things they try to externally motivate me to do are not the same things which I am internally motivated to do. But anyway, I'm hoping that after a period of time, I'll be able to get more organised again with my internal motivation and get on with doing the things I find important in life.

I have already had the chance to practise multiple skills that I wouldn't have otherwise, though, especially on the cooking front. All my "good eating habits" willpower is at the buying stage, normally - once there is junk the house I eat it because it's there and convenient - so I've been buying food for the diet lifestyle I'd like to have, even though this requires more cooking work from me. I've been eating a lot less meat-centred meals in order to save money, and I hadn't really tried cooking vegetarian food before, so I've already had the chance to try several methods of cooking bean-based meals. I've also reminded myself how to make pastry and used that to do both pie and dumplings, and for the first time I've tried making my own bread from scratch. As proper bread with yeast needs a warm temperature to prove, I've been doing soda bread instead, and I made the second loaf of that today. To be honest, I was surprised at how easy it was. I'm also finally getting a chance to try saving leftovers, like dripping from the one lot of meat I did buy, and I'm going to try saving vegetable stock on the days where I'm doing a water-based cooking method. So my skills are advancing quite a lot on the cooking front.

I've also only bought vinegar, baking soda, etc. for cleaning products, so I'm learning how to clean things with natural products too. And I'm looking to learn ways to deal with the waste streams I'm creating more effectively, though I'm not sure yet if I have space to make a proper compost bin...

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