Millionaire Challenge

Karmacat

Kaya, those sound brilliant choices, they do: if the profit per unit isn't enough on P1, and you can't raise it *enough*, like you can the others, plus its sticking out like a sore thumb - then its the right commercial decision to let it go. Its a business, thats it! Definitely a case of choosing your actions, you're right, I love that phrase. And your kids will only be this age for a really short time, terrible to miss out on them.

Happy new year!

Broken_Biscuits

congrats listerbelle, that's brilliant news.


good to have an apprentice to train up and take over your empire in 20 years time!

ive just been going back over last years figures again. I started showing a lot more attention september onwards and the last 3 months saw the highest percentages of savings. time to dust out the old spreadsheets and closely monitor everything for the full year hoping it will result in lower outgoings.

lessonlearned

Good afternoon everyone

Well today I was going to have a spend fest but decided that as the shops would be heaving I won't bother.....:rotfl: probably saved myself a tidy fortune.

Instead I have spent the morning phoning friends and reading a few threads on here.

I have decided to join in a Couple of savings challenges - see my signature - to hopefully spur me on to greater things.:D

Biscuits - you are so right - monitoring and maintaining a close eye on the savings, spending,and cash flow, as well the earnings is what seems to help turn those pennies into pounds.

Keeping a tight rein on cash flow has become second nature to me now. It wasn't always the case though I used to be a real spendthrift and given the opportunity I could still spend for England. so now I just restrict myself to the odd splurge......

Kay - your ides sound great, definitely focus on the most lucrative so that you can spend time with your children. They are little for such a short time, don't miss out on all the fun stuff.

Listerbelle - what can I say - a new baby - Fantastic news. How Fab is that.

Right off to give the house a quick spruce up ready for new year - start as I mean to go on.

Happy New Year Everyone.

I intend to pull out all the stops and make it a good one.

lessonlearned

and so it begins

I've just opened a high interest regular savings account and transferred some money from a very low paying deposit account into ISA because I realised that my income - all pension and passive - has now surpassed the tax threshold, so once again I am now a taxpayer.

This means that I have to rethink many of my investments.

I am also in the process of opening a couple of current accounts which actually pay interest rather than my traditional bank account t which I have had for aeons

I have been a bit too,laid back with my banking so I need to be a bit more pro- active, looking for the best deals.

Yesterday I finally got round to actually using my Topcashback account!!! by buying my usual vitamins etc from Boots online. again a first for me....

I'm finally stepping I to the 21st century and becoming a bit more techno savvy. Mind you DS2 did have to supervise me and hold my hand a bit.....:rotfl: Even so I feeling quite chuffed with myself.

My little foray into the world of Topcashback and online shopping earned me £23-37 yesterday, plus advantage points and Nectar points on my CC.

I'm learning...;)

My plan over the next couple of weeks is to just do a couple of extra simple little things each day to see what I can do to add to the coffers.

Other than that no major breakthroughs at the moment so I'll just keep plugging away.......

Hope you are all well, refreshed after the break and raring to go.

Let the money making begin.

Listerbelle

lessonlearned wrote: »

and so it begins

I've just opened a high interest regular savings account and transferred some money from a very low paying deposit account into ISA because I realised that my income - all pension and passive - has now surpassed the tax threshold, so once again I am now a taxpayer.

This means that I have to rethink many of my investments.

I am also in the process of opening a couple of current accounts which actually pay interest rather than my traditional bank account t which I have had for aeons

I have been a bit too,laid back with my banking so I need to be a bit more pro- active, looking for the best deals.

Yesterday I finally got round to actually using my Topcashback account!!! by buying my usual vitamins etc from Boots online. again a first for me....

I'm finally stepping I to the 21st century and becoming a bit more techno savvy. Mind you DS2 did have to supervise me and hold my hand a bit.....:rotfl: Even so I feeling quite chuffed with myself.

My little foray into the world of Topcashback and online shopping earned me £23-37 yesterday, plus advantage points and Nectar points on my CC.

I'm learning...;)

My plan over the next couple of weeks is to just do a couple of extra simple little things each day to see what I can do to add to the coffers.

Other than that no major breakthroughs at the moment so I'll just keep plugging away.......

Hope you are all well, refreshed after the break and raring to go.

Let the money making begin.

Well done on your foray - that's a great result!

Very best wishes

lessonlearned

Good morning everyone

It's very quiet on here. Hope you are all not still nursing new year hangovers:rotfl:

Well I've made a start, have opened a new regular savings account, so am committed to at least £250 a month, of my £500 target.

I have also gathered together all my loose bits and bobs, small change jar, uncashed cheques etc and put them into a separate holding account.

I've filled up my ISA started the processay of opening an interst bearing account. All small beer of course but better than doing nowt.

I really ought to think about getting an antiques stall organised but not really in the mood yet. Still feeling a bit tired so I might leave that until the weather improves. Ive still got plenty to do in the house - sorting out and decluttering.

Hope you are all well, keeping busy and making lots of money.

Karmacat

I'm not, sorry LL - I'm still lurgified though I'm hoping to work next week ... its a slow burn virus, 'orrible.

I've got one of those Regular Savers tho - its worth taking money out of other accounts, since its 4% p.a. interest, unobtainable elsewhere, really

king156

Hi all am 17 currently have a net worth of £5.5k aiming for 10k before I turn 18 though

Kayalana99

Hi Guys,

Feeling a bit down as I've not made much progress since the new year, I feel like my main goal is to get eBay sorted but I just keep putting it off although I have done a lot today...got most of these stupid INR's sorted...I refuse to believe that RM can lose this many ? I mean surely if I post 1000, and lets say for the sake of it all those 1000 have the correct address...and they have lost at a guess about 30 per 1000...whilst 3% loss doesn't seem that bad...surely a company as big as RM..to lose 3 PERCENT of post is ridiculous? I mean where would they put it all?

And TBH...most people do seem genuine as 99% want a replacement...and it's not really the sort of thing you would need two of the same of.

Anyway, I've had two new business ideas...one is something I've recently become passionate about and as a buyer, I'm finding it difficult to find what I'm looking for in the UK, so wondering whether it worth importing this stuff to the UK from the U.S as a reseller....but would be a big step to take as it's a totally new area for me and the people I would be selling to would be of the younger generation and I always think these people are more likey to claim INR's on past experience.

The 2nd is wedding related , and again something I am finding difficult to source but then what I can find does sell well...mostly from China...so I would imagine people would love a UK seller to come along. (In fact their is probably a market right their buying things from China and reselling it for double just on the basis people prefer to buy from the UK for sake of a quid or two I would buy UK.)

I can't even talk about savings...I tend to leave the business money as business money but if you take that out we have £5 left over after everything (including allocated saving money) although one thing I am doing is paying the wedding monthly when we already have the money so basically saving in a sense doing it that way but only works out about £80 a month..starting to all come together now.

Broken_Biscuits

Karmacat wrote: »

I've got one of those Regular Savers tho - its worth taking money out of other accounts, since its 4% p.a. interest, unobtainable elsewhere, really

just to say nationwide and tsb give 5%.
ive got 4.5k there.

you can put away double that if you have someone prepared to have a joint account with you.