I’m a tech entrepreneur and that has not changed, but after six or seven years of trying to have at least moderate success, I’m starting to hedge my bets.
On the side, I want to have some passive income and it looks to me like buy and hold properties, that is, buying them and renting them out, also known as buy to let, is the way to move forward. I identified some very profitable areas and they are in the least expected places. For example, in London you can expect a return on investment of around 3% while I’m getting something around 16%.
If you want to listen to my journey, I’m documenting it as I go with Clayton Morris on his podcast about investing in property. He just published the second episode in which I talk about getting the money for my first two deals. I just pulled the trigger on starting the business. I’m super excited and I can’t wait to share more good news in the next episode.
The SciFi channels changes its name to Syfy to be able to attract people that don’t like science fiction, pissing off scifi fans. Then they cancel good shows and keep crappy ones. Recently they’ve cancelled Stargate Universe and people is all pissed about it. Meanwhile Star Trek, once a magnificent series, is rebooted into a dumb lens flare designed to make money out of idiots.
SciFi fans, it’s clear mainstream media no longer cares about you and as time goes on they’ll care less and less. I’m not sure why, I have a couple of hypothesis but that’s not important. What’s important is what you are going to do about it. First, you’ll have to make a sacrifice, you’ll have to forget about Star Trek, Stargate, Babylon 5 and all those great franchises. They have owners and the owners are saying “screw you!”.
The future is independent media, even user generated content. There’s no much of it yet, but it’s growing and it requires your support. For example, Pioneer One is an independent series released straight to BitTorrent. Have you donated to it already? It might not be exactly what you want, but if it succeeds it’ll send a clear message that it’s possible and maybe someone else will create what you want. You don’t have any money? Cancel your cable TV and use that extra 50$ or so per month to donate to Pioneer One or the next interesting thing.
Meanwhile technology is getting better and better and creating great content is getting easier, just look at this beautiful short:
As people get the ability to tell any story they want, instead of the sceptic, bland, non-challenging and generic stories Hollywood tells we’ll get much more interesting and fascinating tells. The future is going to be awesome but we may need to push, to band together and collaborate, to have it sooner.