Comments on: Would you sell yourself for £1 million?

By: Gary

Gary — Sun, 11 Mar 2012 18:46:46 +0000

This article poses an interesting question but I have to say I think I would definetely sell a proportion of my future earnings for £1million now!! I currently run a blog where I document my attempts at making a million, while also seeing if it’s possible to make a million through the kindness of others! Although you’d be loosing potentially millions in the future, I would happily sacrifice 10% of my future earnings if I was given £1,000,000. This would be an excellent boost, and allow me really give my business ideas a good go!!

By: The Investor

The Investor — Sat, 08 Jan 2011 09:05:26 +0000

Congratulations on the new business James, and thanks for stopping by and updating us.

Good luck with the venture. My tip would be to think about whether you need some prestige place (perhaps disconnected from the main hub) that members can use if required to hold important meetings.

We saved a lot of money with my start-up a few years ago by having membership at Home House (Portman Square). If we met blue chip clients there, they rarely asked questions about where our offices were, and it dispelled the ‘two blokes in a bedroom’ concerns, even though nothing had really changed.

I’m not talking about deception, rather image management!

You might also look at the Adam Street club near the Strand. I realize your offer is more utilitarian, but I suspect this meeting issue is quite common for flexible workers and there may be a creative way around it.

By: james layfield

james layfield — Fri, 07 Jan 2011 23:33:09 +0000

Hello everyone. I wanted to give you a little update. Though I did not raise the money for the 10% stake in me I have raised £600,000 for my new venture, Central. So all is not lost!

My venture, Central, is a new kind of workspace. It’s for anyone who is out and about and wants to touch down to do some work. As with most of the things I do it is all happening at quite a pace, we open in just 12 weeks. So we’d love to hear you views on the concept. Please have a look at http://www.centralworking.com or follow us @centralworking.com.

The plan is 30 sites in five years, so I hope people will be kicking themselves for not snapping me up cheaply in 2010!

Hope 2011 holds good fortune for you all.

James

By: The Investor

The Investor — Fri, 12 Feb 2010 10:37:56 +0000

@Jeff – Yep, I think we’ve all agreed we’d take the million — but sadly in explaining our thinking we’ve also explained why no crazy rich guy would give us the money. He’d see no return!

By: Jeff

Jeff — Thu, 11 Feb 2010 21:58:38 +0000

I’d be up selling a portion of my future earns for million. I’d much rather use the money now then later in life. But then again, I hate debt. So having to repay someone a portion of my future earning doesn’t quite mesh with my values (at this time) Of course I think almost anything can be bought and a million would let me quit working one of my jobs now. Ok, Ok, I’ll take it

Mr. Devil where do I sign???
.-= Jeff on: How to Create Sinking Funds =-.

By: Layfield’s Life Equities | Never Ever Limited

Layfield’s Life Equities | Never Ever Limited — Thu, 11 Feb 2010 09:55:59 +0000

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By: The Investor

The Investor — Thu, 11 Feb 2010 09:40:12 +0000

@David – Yes, I couldn’t bothered to implement a proper discounted cashflow analysis, partly because I’m sceptical of the accuracy it purports to model, but mainly because it’s tiresome! Your charity idea is an interesting one, and slightly similar in fact to what I saw with people from developing countries who’d won a scholarship to my university in the early 1990s. They had committed to pay back certain loans, and if they didn’t get a 2.1 or First Class degree they had to pay fees as well. This came from the state, though.

@RIT – Agreed, I’m pretty sure I could create an inflation proof income (albeit suffering some volatility) from shares, property and select corporate bonds with £1 million. Unfortunately though, I’m pretty sure any investor in this case would demand I put the million into my start-up widget laboratory, or what have you!

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By: RetirementInvestingToday

RetirementInvestingToday — Wed, 10 Feb 2010 20:11:55 +0000

I’d take the genie up on his offer. You just never know what the future holds and a ‘bird in the hand is worth two in the bush’.

I’d invest the £1 million in a diversified asset allocation and be prepared for a return of 4% or so after inflation for an average £40,000 per annum. Not a small amount compared to average/median UK salaries.
.-= RetirementInvestingToday on: UK House Price Thoughts =-.

By: David deSouza

David deSouza — Wed, 10 Feb 2010 16:41:12 +0000

A very interesting story and analysis.

I agree, I think I would probably do the same. Money is worth more when you are younger, even ignoring the discounted cash flow model.

I had a similar idea for a charity: I thought there must be so much wasted talent in the third world who aren’t fulfilling their potential because they could not afford to go to university. How many life changing inventions or cures for diseases have we not seen because their future inventors were not able to afford to go to school?

My idea was to have a charity that would pay for qualifying children to live and study at some of the best universities in the world. In return, once graduated and working (possible in the same country of study) they would return a percentage back to the charity for the rest of their life.

The excess would be used to fund the study of other talented children with who couldn’t afford to go to university.
.-= David deSouza on: Tax Rebate Forms – Tips and Advice =-.