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View Full Version : Plan B - Financial freedom - living off the land or whatever - and YOU!



Jog On
25th October 2007, 16:18
OK, this is being discussed a bit on the forum here and there and I don’t think there has been a poll about it yet (has there?) So who is working on – or has achieved a plan B that means you don’t have to work but live off investment income or other forms of passive income that more than cover your expenses – and if so what is your plan B?

NickFitz
25th October 2007, 16:19
OK, this is being discussed a bit on the forum here and there and I don’t think there has been a poll about it yet (has there?)

And there still hasn't been, apparently :rolleyes:

DimPrawn
25th October 2007, 16:23
My plan b is in the holiday rentals market in advertising.

Website, back end management systems, SEO work and payments handling mostly.

Run day to day by a friends wife. Not enough to give up work but makes about £50K profit p.a. as of today.

I have another load of plan b's nearly ready to release.

This time next year I won't be a millionaire (unless I sell some property). But I might be getting nearer to £100K from plan b's alone. That's the aim over the next 2 years.

milanbenes
25th October 2007, 16:27
Plan B....

Can't complain

Could all end in tears

Not giving up the day job

All the best with your plan b's

Milan.

Zorba
25th October 2007, 16:28
My plan b is in the holiday rentals market in advertising.

Website, back end management systems, SEO work and payments handling mostly.

Run day to day by a friends wife. Not enough to give up work but makes about £50K profit p.a. as of today.

I have another load of plan b's nearly ready to release.

This time next year I won't be a millionaire (unless I sell some property). But I might be getting nearer to £100K from plan b's alone. That's the aim over the next 2 years.

Proper profit, after paying everything (people, servers etc etc)? That's pretty darn good. My plan b's are all rubbish - investments (funds etc) then wait for the market to drop and BTL.

DimPrawn
25th October 2007, 16:34
Proper profit, after paying everything (people, servers etc etc)? That's pretty darn good. My plan b's are all rubbish - investments (funds etc) then wait for the market to drop and BTL.

Yes. But the profit is currently split 50/50 with other shareholders, so it means £25K pa income.

Same business could be expanded and pushed to make more money, but there is soooooooo much super paying easy peasy .NET work out there.

milanbenes
25th October 2007, 16:41
Zorba,

he does the other .net, not our .net


Would anybody like to enter into a private equity agreement for one of the Benes plan b releases ? only savvy investors need apply

Milan.

Cliphead
25th October 2007, 17:29
My Plan B is working to the extent I could give up the day job without hardship despite the drop in income. It's looking like it could eventually replace IT completely but I'm having too much fun to move.

It all started with learning to play a banjo.

Jog On
25th October 2007, 19:33
oops - poll didn't work :emb

Interesting answers though :smile