Fintech Insider Podcast by 11:FS
00:52:45 · Kate Moody
[00:52:45] S0: Oh gosh, I'm feeling like a bit of a Grinch now because like when I think about side hustles, I just feel like, oh, it's another thing that I need to feel guilty about for like not doing, not getting done. I don't know. It feels like it feels like if you don't have, maybe this is this me being too OTT? I don't know, Wincie, like, feel I feel guilty for not having a side hustle is maybe I'm maybe I'm being too sensitive. So I'm actually moving
00:53:05 · Wincie Wong
[00:53:05] S4: to New York in December and I am doing a massive clear, I would say, in the house. And if it wasn't for Vinted, I don't know what I would do. I think for me, what I've found or what I've discovered is, the connections and the stories. I think it's more than just selling it to make a couple of quid back. It is about not throwing it in a landfill and actually offering it at prices so that people who wouldn't normally be able to purchase those types of clothes would be able to access them. And I think that it's been wonderful. I've gotten so many messages. For example, I have a lot of old maternity clothes that I've got rid of, and I had some people reach out to me to say that, you know, I have this baby, but I have no maternity clothes. I need nursing outfits, I can't afford it, you know, with the cost of everything, much as James has alluded to. And it's been wonderful to just have these interactions. I've also seen a lot of examples and a lot of stories where Gen Z, Gen Alpha are young people who aren't able to find gainful appointment, have taken it upon themselves to become entrepreneurs in this way. And it's amazing when platforms like Vinted or Etsy or others allow people to start businesses a lot more easily because it is a full time job. I mean, it takes the whole family. My husband's the one who drops the parcels off in the evening or or I have to go or whatever it is. And and it does take a lot of time and effort. Raising it to 3,000, I think, makes more sense because it doesn't take long to get up to a thousand pounds, I think. I think up to 3,000 pounds is still valuable for a casual, I would say, seller, someone who just has a bit of stuff around the house and wants to get rid of. I am big on side hustles. I've always had side hustles, I think, in my entire life. As I alluded to, I'm currently an interim COO of a restaurant called Darjeeling Express in Soho in London. So if anyone wants incredible, home cooked, Indian food, please do come by. It is the only Indian restaurant run by a bunch of aunties. So it's all female, and they... Because, you know, strongly believe that the best food to get was cooked by welders and aunties rather than necessarily trained chefs. No shade to train chefs, by the way. It's just the ethos of the restaurant.
00:55:31 · Kate Moody, Clive Summerfield
[00:55:31] S0: Yeah. We need to record the next episode from your restaurant by the sounds of it. Coming towards the end of the show, suppose. So just to close off on one thing, if we all had to start a side hustle tomorrow, what's it gonna be, Clive? What's your new side hustle gonna be? [00:55:49] S3: Oh, well, FARx was a side hustle, remember? I mean, I'm of an age where I was drawing my pension and I needed something to do. So I started FARx and look where I am now. So it's one of those things that side hustles that convert into big businesses. That's what you're trying to do with this. I mean, the name of the game is to make jobs, to employ lots of people. And, you know, I think that it's very shortsighted of the Belgian government to stifle any entrepreneur entrepreneurial spirit and entrepreneurial side hustling because you never know where side hustling takes you in, you know? [00:56:35] S0: Yeah. Fair enough. Yeah. Wincie's already told us about her side she's side hustle queen, so we'll skip we'll skip Wincie. JB, final final shout out to you, what's your side hustle gonna be?
00:56:35 · Kate Moody, James A. Brown
[00:56:35] S0: Yeah. Fair enough. Yeah. Wincie's already told us about her side she's side hustle queen, so we'll skip we'll skip Wincie. JB, final final shout out to you, what's your side hustle gonna be? [00:56:46] S5: Yeah, well, is sort of, it is ongoing. When we set up Fintech NZ in 2016, my aspiration was to connect all fintech hubs around the world. So we are actually we have created a platform in order to try and do that. It's of stalled a little bit, I think, since I left that part of the world. But it's something I suppose that I still have in the back of my mind. So it's like a bit of a project to sort of like complete. But the basis of the technology is actually there. There are other things of a similar nature out there, but I think I'd like to get this across the line. Because, you know, we talk about Revolut as a global digital bank, but the Fintech, you know, doesn't recognise geography. So if we can actually make it easier for people and organisations to connect around the world when they're actually working in the same sphere, for me that would be a win. [00:57:43] S0: Absolutely. You guys have all got very genuine, credible, admirable side hustles and I obviously need to go and have a long hard look at myself in the mirror and just sort my life out.
00:57:43 · Kate Moody, James A. Brown
[00:57:43] S0: Absolutely. You guys have all got very genuine, credible, admirable side hustles and I obviously need to go and have a long hard look at myself in the mirror and just sort my life out. [00:57:54] S5: On that. I was just gonna give you a quick story about side hustles. So when I was much younger, my side hustle, like a lot of people, was a paper round. But my paper round became so big, I used to earn about £100 a week. So back in old money, that was quite a lot of money. I got to a point where my weekend papers were so heavy that I had to employ two of my friends to actually do my papers. So I actually got to a point where actually I didn't work at the weekends, I just employed Harry and Joe to actually do my papers. And then further on down the line, I actually then sold them a third of my paper round so that I only did the little bit around my house. And yeah, it was, you know, I used to go down on a Saturday morning to the Dumfries and Mullen Building Society with a wad of cash. And I'm sure the women and the people in that branch thought, what is this young guy doing? Where is he getting all this money from? Look at that brand new bike out there, I will have never seen that model before, that's because I'd imported it from America. So that was my side hustle when I was a kid.
00:57:54 · James A. Brown, Kate Moody
[00:57:54] S5: On that. I was just gonna give you a quick story about side hustles. So when I was much younger, my side hustle, like a lot of people, was a paper round. But my paper round became so big, I used to earn about £100 a week. So back in old money, that was quite a lot of money. I got to a point where my weekend papers were so heavy that I had to employ two of my friends to actually do my papers. So I actually got to a point where actually I didn't work at the weekends, I just employed Harry and Joe to actually do my papers. And then further on down the line, I actually then sold them a third of my paper round so that I only did the little bit around my house. And yeah, it was, you know, I used to go down on a Saturday morning to the Dumfries and Mullen Building Society with a wad of cash. And I'm sure the women and the people in that branch thought, what is this young guy doing? Where is he getting all this money from? Look at that brand new bike out there, I will have never seen that model before, that's because I'd imported it from America. So that was my side hustle when I was a kid. [00:58:57] S0: I think, I mean, I'm sure it's not true, it does make you sound slightly like a gangster but maybe that's a good thing to end on. Okay, thank you so much to today's guests, you're absolutely not gangsters. Where can people find out a bit more about you and your companies, Clive?