Millionaire Challenge

lessonlearned

Beartricks wrote: »

If he was clever and cautious he'd have been playing blackjack or craps.

Maybe. But then I would have probably got bored and wouldn't have wanted to go with him. It was only meant to be a fun night out for the both of us, never a serious money making effort.

The profits we made usually paid for treats like a city break or a slap up meal in a posh restaurant.

droopsnoot

lessonlearned wrote: »

if he was on a losing steak then he would quit.

Very sensible, but also very rare.


I keep reading up on these things, but never really take the plunge. Must get around to doing something, soon.

lessonlearned

I know. I think it takes self discipline.

A family friend married a gambler. It was awful. He was a nice man. But he was hopelessly addicted. It destroyed their marriage.

Dawnhon

I'm trying make time rather than money so I'm doing well on the scentsy road. I'm not making millions but I'm making money in my own time, without the childcare and I love it. I'm pretty determined so it's working well for me. I wish all of you successful people the best of luck in your dreams x

lessonlearned

Hi Dawnhon.....welcome to the thread. Good to see you are managing to find something that works for you and that fits around childcare commitments.

I think getting the right work/life balance is really important, especially when you have children.

I know you've probably heard this a thousand times but our children are young for such a short while. They will be all grown up and gone in the blink of an eye. :rotfl:

As my dear old mum used to say. "Our children are not ours to keep, we only get to borrow them for a while". So you are doing the right thing. There will be time enough later to start chasing the money.

Droopsnout .....I know we've touched on this before but I think it all boils down to our attitude to risk. With hindsight I was probably too risk averse. I was always very cautious. I think you do have to take a few risks if you want to make significant gains. But if you are not comfortable then it's pointless taking risks if it bothers you and makes you feel uneasy.

It all depends on our circumstances - when my children were small I went for safety and security. It's only now that I feel safe enough to take a few small risks.

I know this may sound a funny way of thinking but for me the worst that could happen, has, in fact, already happened. When my husband died I lost the single most important person Or thing in my life (barring my kids). So I genuinely don't feel that anything worse could befall me.

If anything, that loss made me realise that by comparison nothing else really matters. No amount of money could have prevented his death so ultimately there was no such thing as "security or safety".

So now I just think "sod it" if I lose 5 per cent of my stash then so be it. I am not rich but I have a comfortable home and a nice little nest egg which I won't put at risk.

On the other hand, if I do well and my little gamble pays off - well then great - bring it on!!

More for me to have some fun with and then a nice little dollop to leave to my kids when I die.

Hopefully not for some time yet. :rotfl:

crv1963

Hello to you all,


I've read all 185 pages about your journeys!(Over a period of a week) I must say through your trials and tribulations you are an awesome, inspiring collection of people and your determination to meet your goals and how you adapt them to your circumstances deserves a big pat on the back to you all.


I'd like to try to reach a million but doubt I will that won't stop me trying though!


I'd like us to be able to retire, live comfortably enough- no millionaire lifestyle but able to go off and do what we want when we want within reason!


I'll keep following your journey and if I may drop by every now and then.


Good Luck


CRV

lessonlearned

Hello CRV1963 and welcome to the thread. It's always nice to see a new poster join us on our quest.

Well if you've read the whole thread then you've certainly got staying power:D......which I think is a pre-requisite to our endeavour.

More than anything I think it's about endurance and sticking with it, just riding that tiger:rotfl: and a dogged determination to see it through till you get your hearts desire. Your goal of a comfortable retirement is achievable, with or without the magic £1m but yes it's a nice round figure to aim for. Just stick with it and you'll get there.

Well true to form and in the spirit of living it large on as little money as possible I have just booked a last minute bargain holiday cruising round France and Spain. Heading off on 2nd October for 12 days chasing the sun before we succumb to the gloom of Autumn .....

"Winter is Coming" :rotfl::rotfl:

My plan to live a champagne lifestyle on a lemonade budget is working nicely.

LuxuryWoman

I'd also like to say hello to everyone after reading the entire thread over a week or two.

I'm newly separated after 18 years with a young teen daughter. I have most of the old house proceeds sitting in various accounts including a few premium bonds and S&S ISA so I have a nice 6 figure sum as security but also to hopefully grow.

I also have a new business which I'm working hard on right now, my previous partner was Mr Safe and didn't like any kind of risk taking so it feels good to have the freedom to try things.

I hope to drop into the thread now and then but I'll continue reading for inspiration and ideas.

Great thread everyone - let's keep on!

lessonlearned

Hello Luxury Woman......love the name. Welcome to the thread and good luck in your endeavours.

But again if you've had the tenancity to read the whole thread then I think you'll be just fine. :rotfl:

Lingua

Getting ready for my year abroad, and unexpected expenses are already rearing their head. It turns out insurance for the year is going to cost me over £160! Dread to think of how much it will be when I get older ...

Was a bit concerned the Ryanair flight cancellations would affect me, but thankfully my flight is not one of the ones cancelled.

Driving test tomorrow, so hopefully that will go well. Need to set up an account for online tutoring, and will scout out some potential 1-on-1 tutees once I arrive and get settled. Should also be able to get a part-time job on the weekend to pay for travel at holidays, but will look into that once I arrive as well.

Lessonlearned - if you feel confident in day trading, and are fully aware of the risks, then as long as you're comfortable with the potential to lose the money it's your choice! Don't let anyone put you off

Dawnhon - welcome to the thread!

crv1963 and Luxurywoman - as lessonlearned says, if you can read this entire thread then you've got the dedication needed to make this goal a success!