Millionaire Challenge

joolsteare

Kayalana99 said:

It looks like I'm bumping up an old thread but wanted to update I'm still only in my early thirties so I have plenty of time to actually achieve this!

I don't want to prat on about im but I went back to the toxic guy again and fell into the same loop, I suppose it's a difficult situation to really get out of, but it's been over 3 months now since I broke from it again and I hand on heart have no desire to go back - too much has gone on.

I set myself three goals once I broke up with my ex, and I was not allowed to start the next goal till I completed the first one. 

It took me 2 months, but I finally quit smoking. It sounds such a trivial thing to some, but I do not have the body to be a smoker. I was constantly stressed and felt sick due to what it was doing to my body and I really was struggling to keep on top of self care due to the feeling of being 'under the weather' I guess, but any attempts to quit were short lived as I seemed to have a mental breakdown - don't get me wrong as normally I have no mental health issues but I've never been great with changes in hormones and it was bringing on a depression/anxiety attacks that quite frankly I have never experienced in my life..but each time got a bit easier and I finally cracked it.

Anyway, during this time I started excelling at work as I finally had my head clear and spare time. I had a very spilt job but part of this job was managing finances - and it kinda makes sense really but I smashed anything related to this... which resulted in me having a promotion and moving into the Finance Team, it really has felt like finding my home... and due to some change arounds with bonus and an increase in wage, I found myself in the position of being able to remortgage my house to take enough out to buy a 2nd property....

If any oldies know from my old posts, I haven't gone back and read them but I know what I'm like, my dream has always been to own that B2L. I'm still going through the re-mortgage application process to get the money out, but there is absolutely no reason I won't be purchasing a 2nd property this year and officially becoming a LL.

The only thing really missing from my life now is a decent relationship, I have to admit I've never been great at being alone - but I know that eventually when I'm ready, I'm sure I'll be fine finding someone. I've always basically been in long term ones, so this is the only real free time I've had where I've actually just focused on myself, I admit it does get a bit lonely sometimes when my friends are busy and I'm child free for the evening, but I'm 1000% happier then I was 6 months ago with the wrong person.

Goal 2 is now fitness based, I've been lifting weights and cardio for the past 3 weeks now, I really can't see myself wavering from this now. It's just a matter of time.

Goal 3 is financial ... TBC

Well done on all counts! For getting out of a toxic relationship, for being amazing and stopping smoking (it's hard, I've been there) and for getting your financials on the up!

joolsteare

It has been too long since I posted here so thought I'd post where I am. The last 2 years have been crazy for most people I guess, and it has been no different for me. I thought lockdown was the end for me yet in the end I wrote a book! I had business plans which I intended to fulfil this challenge with but now realise I had my focus so much on the million that I forgot about aligning it all to what I really want in life, and got miserable. There was almost irony here, as I am a life coach specialising in helping women going through change to hit reset and rewrite their life story, but in the nick of time I coached myself and am back with the same goal, different route. I now intend to be worth a £million within the next 12 months with a good amount of it being passive, yay! I will not give up on this goal, I just needed to change my course a bit

mrrightfirsttime

Good idea, I’m going to come up with a plan

emma108pd

Hey guys I want to have something to leave for my children
Late to the game I am 38 with 6 children I wanted to start my own business but i had a large family 

Would still like to own my own house and a business i have been doing so much research and nothing seems to work for me in a sense everyone says that does not make money and so on

I don't mind getting some kind of skills behind me what i am not sure

My legs are not great but can still stand for small periods of time 
I think want to be in business by next year still batting ideas around with my partner that i have been with for 22 year in august 

I am only on page 3 i will be reading this thread 

I have a few gaols in my signature 

droopsnoot

I hope you're not late to the game, as I'm still trying to think of ways to do this and I'm far older than you are.

Buffythedebtslayer

droopsnoot said:

I hope you're not late to the game, as I'm still trying to think of ways to do this and I'm far older than you are.

Me too and me too! xxx

helensbiggestfan

Hi everyone......long time no see...thought I'd bump up the thread and see how you are all doing


kaya.....Wow.  So good to hear your progress, glad you finally set yourself free from your toxic relationship, and well done on the promotion, the BTL and giving up smoking.  Great achievements.  

It's been ages since I posted but like joolsteare said, it's been a very strange couple of years, what with covid and all.  I guess many of us had to put our life plans and goals on the back burner. I know I certainly did.  

I had to devote a lot of my time and energy to helping out my family, being part of their support bubble.  DIL was pregnant and gave birth to their second child during the various lockdowns, and it was very difficult for them, trying to work from home, with two babies.  So I put my life on hold for a while to help out as much as I could.  

I did manage to finish the renovations on this property but it all took a lot longer because of covid restrictions.  I ended up doing a lot of it myself.  

I have now sold this house, hopefully legally completing in a few weeks,  I have made a nice little profit on this one and will be aiming to repeat the process again.

  I also kickstarted my antiques dealing and branched out into vintage clothing. It's a nice little sideline which brings in a few extra pennies.  It is seasonal though so I don't count it as regular income, it's just a nice little extra as and when.  

I too have been interested in other things too, not just restricting myself to money making, I have embarked on a health and fitness programme, and have managed to lose 15lbs so far.  I am also exploring the world of personal development, life coaching etc. I have also started getting out and about more and expanding my social,life.  No recent holidays or travel in the last couple of years.  Maybe next year.  Im in no hurry.  

I am now 71 so reaching that magic million is probably not on the cards for me - although never say never.  But I am "comfortable". My pension income is enough, I have assets and a nice little sideline hustle.  I am always looking for new openings though so who knows what the future may hold.   

anyway.......Hope you are all well, healthy, happy and continuing your journeys to millionaire status.   

Listerbelle

Hello everyone

It's been such a long time. I've been focussing on doing rather than reading. All is well in the life of Listerbelle.

Have we discussed the four Ms here?

Think a million pounds (I can do it!)
Aquire a million pounds of assets (ie mortgages etc)
Own a million pounds of assets (Keep going!)
Earn a million pounds (annually, through passive income)

I'm currently attempting to achieve the fourth "M".

stebiz

I was around when this thread was started. Lots of debt and mistakes along the way but in my 50s now and thanks to property I think I can say I've achieved this challenge. There's a story to tell some day. Gambling, risks, long hours, missing out on kids growing up..................thankfully my family and marriage intact but lots I regret. Having a million isn't all thats its made up to be and certainly isn't just sitting in the bank. 

Bossofmoney

Well done, stebiz. It might well not be sitting in the bank but you are still a long way ahead of most of us, some will never get as far as you have managed so I hope you (rightly!!) feel a sense of achievement and pride. 

For myself, my own update, my networth is up £36k in 2022. Its been a real eye opener of a year. Net worth has gone ^^ but actual money in the bank has dwindled. Need to have a frugal start to the year and rebuild. 

Hope this thread takes off again once everyone kick starts their new year resolutions, safety in numbers and all that! 


Keep going folks.