Friday, 10 February 2012

Random Thoughts: Wealth

I blogged earlier this week that I've taken up a new blogging challenge - the Random Thoughts challenge set by my partner in crime, the awesome Just Frances. So here goes with my first one...

I am challenged to write for you about Cooking up my own 'Get Rich Quick' scheme. Now this is a bit of a hard one for me, in part because I've never yet managed to do it, and in part becauise I'm really not that interesting in getting rich. In fact the whole millionaire celebrity culture that we appear to have created in this country simply turns me off. Don't get me wrong, I like having cash. I like being able to afford to buy the pretty silly things I like, but if I'm honest, I'm really quite happy just being comfortable. I don't crave more, I'm content with what I've got - and I really don't know what I'd spend it on if I had more. Apart from shoes, that is - obviously. And travelling...

But back to the challenge. I've never really been an entrepreneur. As a child, I wasn't the one setting up car washing or gardening businesses. I did have an after school job doing ironing for one of the local shopowners, but that was the scale of my ambition.

My only foray into self employed-dom has been a fairly unsuccessful (financially at least) dabbling in handmade jewellery making. For a couple of years I spent most of my evenings creating 'unique' (ie unsellable) items that I would then spend most of my weekends at craft fairs not selling.

Overall I made a financial loss on the 'business'. Ironically, however, I did make a profit courtesy of HMRC - to keep on the right side of everything I opted to declare myself self employed and as a result was obliged to complete a tax return each year. It seems I was overpaying tax on other aspects of my earnings and as a result for the last few years I've received a rebate.

Not quite get rich, and certainly not very quick, but bizarrely it did bring in additional income. Ho hum, who'd have thought it.

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