Quote:
Originally Posted by c-m
I'm enjoying this thread so far.
I'm actually considering something similar. Only I don't have an asset such as yours. I'm in my late twenties and looking to develop a business that requires minimum input from myself but that can make me around £650 per month. Add that to About £17,000 that I will be trying to save over the next few year, and I should have enough to set off.
Key differences being that I would expect to come back to Europe (not necessarily the UK) within 36 months. And I'm hoping to do it on a motorcycle with at least 50mpg.
I think as others have said, you probably have the wrong choice of vehicle for your budget.
If you save £10k and have £500 a month coming in, that'll give £777 a month for 3 years, which is more reasonable, but that's a best case scenario.
I think you'd probably want to have a credit card with a nice limit on it for contingencies.
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I would love to hear about the type of business which requires minimum input.
Maybe you don't want to give specific info but I'm always curious when I hear about people travelling and running a business at the same time.
I'm imagining it would be difficult to do any business on the road with minimum input unless you have a partner, great staff etc.
I have been thinking of this myself for a couple of years but as a firefighter I don't really have any portable skills (well I was a clinical Massage Therapist at one time)
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