Sunday, January 29, 2006

It occurred to me.....
last week as i was trying to concentrate on something much more mundane that I always find that I need a little more cash in life than i have available. Odd you might think, but i'm sure others have thought similar things. If people didn't have a need for a little more cash than they had, why are credit firms so successful?? Anyway, this rambling in my mind carried on until I decided to try to find out what opportunities are out there for people that have the drive to work multiple careers and generate multiple income streams. With today's global marketplace allowing people to share their views and products with a truly global audience, there must be so many opportunities in the currently changing e-world that are currently unfulfilled. This lead me slowly to discover what i consider my first opportunity for parallel income streams which i will describe below. The focus of this blog might change as it matures but this is the starting point that I am using in my quest.

You might be wondering, why call this blog, "The Young Entrepreneur"? I am currently finishing off my education at a Top-10 British University and although I intend to graduate with a decent Engineering degree and feel I have employment potential, I think that having multiple income streams and hence being "entrepreneurial" with your approach to income and investments is the safest, most modern approach towards wealth generation. It is my intention to be in a position to get a £20-30k graduate job on completion of my degree but I am almost challenging myself to see how much cash i can generate on the side adding to my main income stream.

The best way to explain my thoughts is probably just to jump in at the deep end and start the quest towards financial independence!

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