How can I try to build a second income of £10k from the cost of an Oasis ticket per month

Oasis tickets for £150? Blimey. Nostalgia is expensive. Thankfully, I wasn't one of the throngs of people who spent Saturday patiently waiting for a laptop in the hope of a ticket or four. But when I saw the prices, I wondered how that money could be invested in building a second income in the future.

That's not to say there's anything wrong with a little splurge on a throwback to when music was great. But anyone who could afford those tickets might want to think about what else they could do with that kind of money. So let's take a quick look at how an Oasis ticket a month can create a second £10k of annual income a few years down the line.

What can you buy?

How much was the ticket? Surprisingly, that's not an easy question to answer because of its strange nature “rising price” but I'll go with the figure of £150. So, let's assume we can put aside £150 a month in secondary income. Does that sound possible? I bet many who sing once in next summer's arenas will say no. Let's see if I can prove them wrong.

My first step would be to find an investment that would take that money and multiply it into more money. For this purpose, I don't think there are better places than the stock market but some may say that this is not an easy endeavor. Another strategy is to look for companies that buy from you – or 'buy what you know', as they say.

Maybe I'll be drinking a Guinness waiting for the encore and thinking, 'My. This is fun'. Well, a beer company, Diageo (LSE: DGE), is listed on the London Stock Exchange and buying a few shares in a beverage company takes seconds (and is probably a good, less annoying idea than dealing with Ticketmaster.)

Building wealth

Diageo has a global reach with 76% of its revenue coming from outside Europe. Its brand strategy focuses on high quality alcoholic beverages such as Smirnoff, Captain Morganagain Bailey's. Alcohol is a defensive product too – sales are always good even when the economy is bad – which means less worry about stocks during recessions and the like.

Although there are risks, such as the low alcohol consumption of younger generations, this could be a wealth-building stock over the coming years and decades and that is why I own the shares myself.

With a basket of quality firms like Diageo, my small savings will be frozen for decades before I withdraw my second. Over a 30-year investment timeline, compounding £150 at a 9% return, I would have accumulated £257,157.

An annual withdrawal rate of 4% on that gives me £10,286, well hit that £10k target. I think if I followed this kind of strategy, I wouldn't look back in anger. Ahem.