Lifestyle: Should I do it?

First, take a look at this from the spiegel to practice your German.

The whole freelancer thing has been pretty enjoyable. Of course, I don't really very much except for meet people for lunch, dinner and drinks, occasionally getting baked in between. The past seven days is typical: last Thursday night I was at gay drink night at Mesh until two am with two girls that I find attractive and Tally. Friday, I was at Mesh again with a number of pretty girls, one of whom took this picture. Saturday afternoon, I tried to open a bottle of wine with some of my clients at Senli and Frye but they thought I was joking, and I acted as if I was. Later, after my friend's sake-soaked birthday party, it was a Madmen party with drinks as strong as they were in that time. Sunday, I got up early for the Champagne brunch (free flow - about fifteen glasses), had a manhattan at four thirty and polished off a bottle of wine by eight and was snorting ritalin at nine. The next day, after resolving not to drink, I was having a few afternoon beers (beer isn't alcohol), then an irish coffee with a pretty art intern. This time, the clients at Senli and Frye were up for drinking, so I opened a bottle of wine. After that, we went for huangjiu, and several other types of booze. When I arrived home, Stella asked me to clean, so I smoked a bit of weed to try to facilitate that. Tuesday, I barely drank, only a few glasses of plum spirit from Guizhou in the evening. Wednesday, a magazine interviewed me, so I smoked out before hand. I was over at a friend's house for dinner, which meant four vodka cocktails, a shot of straight vodka (to accompany the caviar) and sharing a bottle of champagne and wine with two friends. Today, I realized that I was feeling a bit woozy and that I was spending the whole morning debating about whether I would drink if there was free booze at the event I was going to that afternoon. Fortunately, there wasn't. Shockingly, I persuaded myself that I was too tired to go gay night at Mesh, which is my usual Thursday night activity.

Thus, the rather horrible job offer that I've received from my friend who owns a dreadful publication called Lifestyle magazine is actually seeming like something I should really do. Yes, this is a magazine called Lifestyle. It is in English and Chinese and has nationwide circulation. It contains advertisements for hotels, is distributed in hotels, and the content is all thinly disguised adverts for hotels and the bars, restaurants and spas they contain. He wants me to make it into Wallpaper so that it can have wider distribution (beyond hotels) but he is not really willing to invest the money. The pay is going to be rotten unless I sell ads (and get commission) but he is going to give me a 10% stake (though he claims there is no profit; of course he hopes there will be). I will be the editor-in-chief and he says I can change the name if I want. Will it be at all helpful when looking for a job in publishing or media in the west to have done this for six months to a year? If not, it might be that giving a tiny bit of structure to my life is a good enough reason to do it. I would still be able to do the stylites and tailoring stuff that I am doing now.

I would really appreciate your advice, since you have had time in industry.