Millionaire Challenge

LuxuryWoman

Good morning,
Wow, I really appreciate your kind and wise words, thank you so much LL & Minxy
I think I felt overwhelmed there for a while, but I'm excited too at my plans. I have eaten much better in the last few days,, vegetables and everything! I'm taking my lovely girl for dinner later and then she is with friends for most of the weekend.

Hope everyone is well and making oodles of lovely dosh!

lessonlearned

LW. Good to see you upbeat and positive again.

Well done on the healthy eating. Self care is so important and it starts with good nutrition, eat junk and you will feel like junk.

crv1963

Hi LW,


I've been thinking about your problem and maybe an idea may be to adapt one we used when our sons were younger? Basically every day we had one meal all together usually teatime, mobiles were banned during that meal, we ate together and as we ate or while we finished our meal we'd go round one at a time and talk about our day. Not necessarily in great depth but what we did/ enjoyed/ saw and something that made us happy had to be included.


So for example I might say that I'd been working on a project and had met a deadline or that I'd been to such and such a place and seen an Aston Martin or had a great coffee and an awful lunch etc, the boys would maybe discuss school, football team or sport that they'd done, homework to do.


If we had anyone else such as one of their friends to tea then they joined in too. It was I remember stilted and difficult at first but after a couple of weeks they loved it, we all shared the good and sometimes not so good things, we also then knew if we needed to spend a little more time with one of them giving a bit more support/ help/ advice away from the table.


Even now although their mother and I have divorced, got new spouses and they are grown up and earning wages of their own, the boys still look forward to us sitting together for meals and talking about the day when they come to stay with us!


We still have the rule of no phones at mealtimes!

lessonlearned

Great post......

We did exactly the same. And I still have the no mobiles rule.

Mealtimes are a great time for getting people to open up, even teenagers.

LuxuryWoman

crv1963 thank you so much for taking the time, I do agree about mealtimes and mobiles.

Hope everyone is well and the millions are on the horizon if not pouring in just yet.

I have taken a massive leap that should, no WILL drive us forward so there is work to be done but bring it on I say!

I love the positive 'can do' attitude on this board, it wasn't long ago that I thought I might have to go get a job after years of self employment and that is not easy in the current climate, not where I live - now I can see a lot of hope.

Hope everyone is doing great and thanks again for all your wise words :beer:

Kayalana99

LW - So much great advice, all I will add (although I think stepping on someone elses advice) is quality time is better then quantity. Plan an activity to do together, give them 100% of your attention even if it's only for a short time. You get caught up living day to day (even when you aren't busy) that even if you have free time, you are not really spending that quality time together.

Again with social media, do you really HAVE to reply straight away? Will 12 hours to reply really be that bad? Messages can be set up so you can have an 'away' message that you'll be back to soon, and comments on facebook pages aren't going anywhere. Now I don't know your business set up, but I wonder if this is pressure you are putting on yourself rather then the customers actual requirments. On the 4 hour work week - there is a whole chapter about outsourcing I believe to have a cheap P/A too. Not sure if it's worthwhile, but it might not cost as much as you think to have someone abroad running your social media page.

LL - Congras on college, hope it goes well for you!

I'm really pushing forward atm, I wish I could give you the full story but not something I would want posted on an online fourm, but lets say ATM my motivation and drive is at it's peak ...but of course I still have 99 things to do as normal.

Got another essay due Thursday but made a cracking start today and hoping for it to be done by Wed, then that module is done but next one starts beginning of April....but it gives me a bit of breathing space.

Just had a big essay in for my other module too, so got a bit of breathing space with that too. Need to keep up with the work still, but means I've got no essays due till May now.. (actualy that depends on the module starting in April...it will most likely be 2 in May but that's not so bad really I guess)

Business wise, I sat down and made a list of all my ideas I've ever had. I've decided my main business idea is just too big to deal with right now, it has so many avenues and I think I really need to start it with a BOOM. By that, I mean I need everything in place before launch, I don't want to half wing this idea as I need the branding to be in place so no one can really 'steal it' where as if I start small I might get a few copy cats who take over....also I've had another idea that combines this with several others...it's a very very very big plan....and I won't be able to do it alone but I can do it in small parts and build up seperate businesses before combining them into the big idea and with my 'list' of business ideas, I found a niche that is not going to overload me, going to be hard to copy because there are some similar things out there but this is going to be different and branded and hopefully the name is quite a killer (sorry I don't know if you will agree but I think the name is so so important!) that people will remember it and return...and I can start it without any worry of copy cats because my first step is to build up a social media page that won't give the idea away - it will simply be getting people to 'like' and 'share' my quotes around the topic I'm building it on - then I can build the website / blog behind the scenes then use the facebook page to advertise it when I'm ready.

Hopefully that makes a bit of sense, but I've got my facebook page set up now and I've registered the website (actually both, I've saved the name of the other idea too although I may change that one), and I've got my to-do / step by step list that I need to crack on with and I have my notes on my phone that everytime an idea strikes I'm adding to it as I go.

I can't say right now if this will be the million dollar idea as I love my other one to be fair....but if I can manage to grow this I see so much potential to monetise it including going into an actual retail store selling it as a service and it would be nothing that has been done before...but getting ahead of myself with that one anyway. First step is the facebook page, quotes, and building up a tribe.

P.s Reading 'The Million Dollar Blog' right now, if it's something that interests you it's quite motivating and does give you ideas.

minxy-x

LW
Exciting times for you, the hard work will pay off!

Kaya
Hope that essay is done and dusted, or at least well on the way to being so.
All your plans sound very exciting!
Its hard with being cautious on here isnt it?! When I launch my product I would so want to tell everyone what it is, but don't feel like I want to put my self out there so publicly (not just on here, but if you know the product there is then lots of personal info online from companies House etc), it makes me a little sad that I probably wont share exactly what it is

I have spent the whole of today, on my laptop doing bits for various businesses and my breaks away from the computer have been housework :rotfl:
I need to knuckle down and do some bits for my business (the product design one), I have lots I need to learn around social media/websites etc, but its all going along fine on the whole.

Kayalana99

Been a bit of a complete t**t and got a work trial today for a Letting Agency, wish me luck..... I'm at the point where if I get it I'll be happy but if I don't no harm done as I would be taking on too much.

Would be two days a week, only 8 hours but I'd still keep my evening job plus be doing my degree along with kids/house......when will I learn...but being in an E/A (or L/A is same thing in a way!) has been a bit of a dream job for me for a long time...I even did one of my essay's on it last year...ugh!

Me = twit waffle.

ETA: Just to add I went, it was awful. She had flies all round the office and just isn't a nice person. It would have just been me and her in office, I appreciate it would have been good experience but I would have been taking on too much.

Broken_Biscuits

Hello everyone,

A very mixed bag so far for 2018 for me. I!!!8217;m taking a beating on the investments front but managed to negotiate a near 10% pay rise after about 6 months of putting together a case to my bosses of why I!!!8217;m valuable to them. The company is going through a patch where there are losses and redundancies are being made, so it!!!8217;s a massive pay rise under the circumstances and makes me feel like my job must be safe (why give me a boost just to give me a higher redundancy package) ... I!!!8217;m a little surprised about the pay to be honest, I thought that I was fighting a losing battle but they just gave me the good news a couple of weeks ago.

Networth has dropped back to below what at was end of 2017 and a further 3k or so and sits about 162k. I stuck to the plan and used cash and some p2p to top up falling funds so in theory *when* it goes back up I will be in a better position as I now own more even if it!!!8217;s currently worth a little less. It was really easy to sell my p2p (fixed income so no losses to sell) when the markets were falling, so it!!!8217;s nice to know the strategy worked and my mental resolve was as I thought it would be... as in I stuck to the plan and bought more rather than panic selling.

On the p2p front one of the platforms I use is currently in administration. I can!!!8217;t access my money and there!!!8217;s always the chance I will lose some or all of it. The positive thing is that because of the timing of it all I pulled out about 80% just before this happened. No inside knowledge, just that the markets dropped and my plan was always to use p2p to top up when this happened. It just happened to fall just before the administration issues.

So im about 3k down (at it!!!8217;s worse it was about 5k but it!!!8217;s risen a little) But the strange thing is that I feel richer as a result.some families/individuals would be devastated by a loss like this but I!!!8217;ve got myself in a position where I can lose 5k and just carry on regardless. Not sure if that makes sense to feel richer after a loss, but that is how I feel.

Anyway the pay rise kicks in End of April . I!!!8217;m going to stick with the 50% savings rate which will give me a nice little boost to my day to day spending, but will increase the amount I!!!8217;m putting away too and hopefully get me to financial independence sooner.

Hope everyone with money in the market hasn!!!8217;t taken too big a hit.

Keep up the good fight.

Kayalana99

I can see a P2P going into administration having a knock on effect as others will now be pulling money out of fear.

Sorry to hear of the loss, but I guess it sounds like whilst it's a loss on paper, it's going to bounce back again.

Should be getting the house keys this week, I have so many plans. I've got a few thousand to one side for sorting the house out and bits we need, and for the first real time ever, I've got a proper investment fund which is sitting on nearly 7k + will have £400 a month deposited in it from May.

Going to do everything on a three way spilt, so any excess income will be done 400 investment / 400 savings (holidays/house improvments etc) / 400 general spending etc. So we will be living well below our means, but if everything goes to plan we'll be 2 years from our first B2L and any extra income will be added to them pots again 3 ways. To be fair I kept thinking we need house prices to rise to do it, but if they do drop then it will be a good time to buy and sure I can find a way round the red tape....tbh it's just something that crossed my mind but I'd think we would be eligble for quite a substantional loan given our excess income which we could invest now and pay back monthly (that said it makes it complicated because say we took out a 20k 'personal' loan, and tried to buy a B2L they aren't going to let us I assume...and it would be against the terms and conds I guess of the loan although could perhaps go through my Dad) and we coud move forward faster.... going to wait till things calm down anyway but we could afford the monthly repayments for sure, it would just mean instead of waiting 2 years we'd be getting the money up front. I will have to look into it anyway.

Planning on taking 120 credits next year which will be difficult as so far I've done 120 on a 60 credit from Sept - May and two smaller 30 credits from Sept - Apr then Apr- Sept but next year it will literally be all 3 running from Sept - June but the kids will both be full time from Sept and we have option of breakfast and after school club + once this year is done, next year is just 60 credits so I can look at getting a full-time day job or starting up a proper business...so I see it as just one more year to go even though it's tech two and I have a feeling next year will be two 30 credits spilt Sept - Apr Apr-Sept again but I might be wrong. Just seems fitting given the modules they are.