I have been thinking about doing this experiment on and off for more than five years, but the closer I get to starting it the more problems I start to see. The problem that is currently giving my brain a taxing is averages.
Let me explain. I have posted previously that I need to earn an average of £192.00 per week, every week, if I am to reach the £10k within the year. However, it is very unlikely that I will be earning that £192.00 in the first week, or the second or third or fourth. Indeed it is unlikely I will be able to earn that for a couple of months at the earliest.
So, I either need to be confident enough that I will be able to earn a much higher average per week in the last six to eight months to make up for the slow start, or I need to find a way to start earning more, sooner.
Several of my ideas for ways to contribute towards the £10k are long term, and may not start making any money until perhaps month six. The ideas I have which will hopefully result in quicker returns (buying and selling, online gambling, etc) also bring with them some element of risk. If I build my bankroll up to £100, buy something to sell, and then fail to sell it, the experiment comes to a premature end. If I am too timid, I may not leave myself enough time to catch up.
So you see my problem? Take things slowly and leave myself too much to do at the end, or go for it all guns blazing and risk putting myself out of the game early. I guess if things were too easy, there would be little point to the experiment and even less point blogging about it.
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