Millionaire Challenge

sweetpea26

nononsense1 wrote: »

Is this for real?? Perhaps Cameron is right.

How dare you.............lessonlearned is a valued member of this thread and as she says you know nothing about her or the struggles she has had.

If you seriously think that David Cameron is right you have fallen for his spiel. He basically say he cares only for those who are aspirational or to put it in laymans language (those of us born with a chance) what about those who are not and will never meet his levels of acceptability.

What about the long term sick who end up in nursing homes and their wives/husbands are left with nothing. Get a grip mate.

Certainly there are people who abuse the system but the majority of people on benefits are decent people trying to survive.

You are new to this site but please treat people with respect.

All the best to you Lessonlearned and hopefully all will go well for you soon. God bless you.

lessonlearned

sweetpea26 wrote: »

How dare you.............lessonlearned is a valued member of this thread and as she says you know nothing about her or the struggles she has had.

If you seriously think that David Cameron is right you have fallen for his spiel. He basically say he cares only for those who are aspirational or to put it in laymans language (those of us born with a chance) what about those who are not and will never meet his levels of acceptability.

What about the long term sick who end up in nursing homes and their wives/husbands are left with nothing. Get a grip mate.

Certainly there are people who abuse the system but the majority of people on benefits are decent people trying to survive.

You are new to this site but please treat people with respect.

All the best to you Lessonlearned and hopefully all will go well for you soon. God bless you.

Thank you so much.

I have to confess I have been very upset by that comment.

None of us leads a charmed life but to have aspersions cast about my ethics and integrity by a complete stranger whom I have never even met when all I'm doingis trying to rebuild my life is galling and distressing.

Anyway ...................

To the new posters who are not sure what direction to take. I would !start by reading up and around the subject. Get some good money management books, business books, motivational books such as autobiographies. No need to spend money - that's what the library is for;)

If I may offer a piece of advice - one thing that strikes me is that the world of work has changed a great deal since I first began work.

There is now no such thing as job security. To make money or even just to keep earning a basic living wage you need to be flexible and adaptable.

Unless you are a professional such as a doctor or dentist or similar your job is going to change drastically over time. Even Dr's and Dentists are supposed to "keep up", retraining etc as and when necessary.

I geniunely think that the West is currently going through a seismic shift - a third industrial revolution. Who knows where it will take us.

Google "portfolio working" and read some of the blogs that come up.

Also look at multiple income streams - remember the old saying about not having all your eggs in one basket.

One thing I would suggest is brush up your practical skills.

Construction skills, and "hands on work" cannot be outsourced in the same way that manufacturing and service industries are.

Goods can be made on the other side of the world and imported in, services such as call centres, banking, insurance and accounting likewise.

However, if you need your boiler servicing, roof repaired, or a professional decorating job done then you need a real person. I know someone who decided to become a stonemason - he has more work than he can handle. He's also a damn fine sculptor too and makes money on his art. If you are arty or crafty can you do something to utilize your skills - even if it has to be a second income rather than your day job.

Think about some of the crafts and skills that are more niche than mainstream. , welding for sculptures, thatching, blacksmithing. These are all very lucrative niche markets. Which is what Tinktay is doing when she does her marbling and decorative finishes. Very specialised and highly paid when done to a high standard.

Britain cannot compete with the BRIC economies (Brazil, Russia, India and China) so I think high end niche markets are probably more likely to offer more opportunities.

I act as a mentor to my plumber. He is now a Gas Serve Engineer who has realised the need for another source of income. Using my knowledge from my past life as a sales negotiator I have guided him through the purchase and running of his buy to lets. He now has 3. I have advised him about mortgages, how to keep his books, how to decorate.

We are now looking into the possibility of him going into lecturing on plumbing in the next couple of years as part his retirement planning.

To the newbies - as soon as you can, get yourself a mentor - preferably someone who is rich and successful.;)

I have two, both are millionaires. In fact I spent an hour on the phone with one today - talking over my master plan. She is very generous with her time.

Two heads are better than one and a good mentor will be a mine of information and will be able to look at a problem with a fresh pair of eyes.

Finally - phew - sorry didn't mean to write an epic tonight .....

Henhegj - all businesses have to sell themselves. Your sales experience will be invaluable. It is an asset.

My OH was a very clever and successful IT consultant but couldn't "Sell" his business - that's where I came in handy.:rotfl:

moneysavingtomcat

Good luck, lessonlearned, and I think we have all learned not to assume that we know about someone's life from just reading posts on here.

I don't have a mentor for my financial plans, but I think I have benefitted from not hanging around with nay-sayers too much. I mean the kind of people who offer nothing but unhelpful criticism of every idea I have, and pour scorn, and tell me that things I try won't work.

lessonlearned

moneysavingtomcat wrote: »

G.

I don't have a mentor for my financial plans, but I think I have benefitted from not hanging around with nay-sayers too much. I mean the kind of people who offer nothing but unhelpful criticism of every idea I have, and pour scorn, and tell me that things I try won't work.

I agree. Avoid them like the plague. Negative, doom-mongers and nay-sayers drain our energy. Ditch 'em I say.:rotfl: or at least keep them at arm's length.

What we need is to surround ourselves with positive, affirmative and supportive people, both in RL and here in the virtual world.

We all have worries, we all have problems, we all have down days when everything seems hopeless. Very few lead a charmed life. We need good people in our lives.....

A couple of books some of you may find interesting.

"Self Made Me" by Geoff Burch
"The Case for Working With Your Hands" by Mathew Crawford
"The Rules of Wealth" by Richard Templar
"Rich Dad, Poor Dad" by Robert Kiyosaki

I particularly like Richard Templar. He has done a series of Rules books. They are short and snappy and you can dip in and out to keep you refreshed and motiviated.

I even bought some of them:D

PS Just edited to add - as for mentoring - then use MSE - that's what is so good about this site.

Post up your problem - there will be lots of people out there happy to advise.

Some will be good, some of it may not be applicable to your particular circumstances. You will just need to sift through it.

Shrewbie

Hi Lessonlearned, I just wanted to come on and say thanks for some solid advice there and for sharing your story. Wonder if a certain poster will be clever enough to listen too after criticising - I highly doubt it

lessonlearned

I doubt it too. Their loss. I notice the person concerned is what I call a "guerilla poster". One line of nastiness and then they don't show their faces again.

You win some - you lose some.

I was a tad irritated and upset yesterday. I'm over it.

An old Japanese saying

"that was then and this is now".

Get over it and move on is my mantra.

The sun is shining and I'm off to see my OH in the nursing home. I will wrap him up in blankets and walk him round the grounds for a bit of fresh air.

We are currently revising his memoirs. They are a hoot - he is so witty and funny.

LouiseJ

I have just read the whole thread from start to finish when I should have been marking!

Can I just say how utterly inspiring this thread is and I have stumbled across it at a crossroads in my life.

I hit 40 this year and my husband resigned from a much hated job that he had been in for 23 years.......he walked away with nothing to go to and not a penny.

My current career is teaching in Further Education and while I do like my job I don't love it and sort of fell into it. I too am looking for a change and after speaking to a young man aged 19 who has already managed to build a 6 figure company in marketing (he came from a very deprived background) I am feeling inspired to do more with my life.

I will keep popping back to update and keep tabs on you all:)

happy_but_skint

lessonlearned wrote: »

No Cameron hasn't got it right - he's an incompetent fool. He hasn't got an original thought in that empty head of his.

I admit the post of PM is something of a poisoned chalice at the moment, but he simply hasn't got what it takes.

Time he stepped down.

LL I'm glad you didn't let the troll get you down, he/she must be very lucky they have never had to rely on the state!
I can not agree more with this statement above, my husband has had his hours reduced making his wages £2400 a year down. We did the "correct" thing and informed WFTC. As thee change happened 1 week after we renewed it was classed as a mid year change so they reduced his wages by £2400 they then added a £2500 (buffer) to his wages so they don't over pay at the end of the year. This meant his wages now show as £100 a year more REDUCING tax credits by £100 a month. O but its OK they will repay the underpayment next year when we renew. That's great we are £300 a month down but will get a £2500 payment when we renew, I wonder if our gas and electricity will be so understanding.
I understand the fool has to make cutbacks but its getting silly.

Hoody

happy_but_skint wrote: »

I understand the fool has to make cutbacks but its getting silly.

The cutbacks have hardly started yet, And you can't really blame Cameron for them either. It was the incompetent Labour party before them that continued to get this country further into debt during the good times that have to carry the largest share of the blame. (second time in my lifetime that they have taken this country to the point of bankruptcy...)

troglodyte

Dear LL,
I was very angry at that rude comment by someone who obviously had just jumped on one remark without knowing anything of the background, I can imagine how it would make you feel and I can only admire your calm and measured response. You are an inspiration, I am amazed at how you have managed to keep going through everything and also to help others along at the same time, I wish I could do so much! Don't let them get to you, you are way better than they are!

To everyone else, I hope you are moving forward towqards your dreams!