The Matrix - Re-Evolution!!

Memory_Girl

ironing - shudders!!! The thing is I hate the boys looking scruffy so I do it - but I HATE it:rotfl:

I have been "nurturing" a reduced avocado to the perfect point of ripeness and so have decided that tonight shall be a wraps and guacamole dinner - so I'm off to knock up some wraps.

Tonight I must set aside some time to sew up some knitting that is now off the pins - although to be fair they are winter woolies and we don't need them quite yet.

Firewalker - can I have a link to your - getting to a million from a little over a quid a day thingie please?

I am playing around with my mortgage spreadsheet - and for all my calculations I think the important thing is that I just begin - so I shall be experimenting with a PAD toward my mortgage for a wee while to see how it goes.

Off to feed the lads

MG

Firewalker

Hi MG,

this was published on 1 August 2010.
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OK, tonight I am going to try and solve a riddle – can’t guarantee success, though. In one of the books on financial health I have been reading, someone said that putting aside £1.85 a day is enough to make one a millionaire. Now this sounds very interesting, I think. Because putting aside £1.85 a day is roughly £56 a month, and this in turn is £672 per year. It does not sound much and it does not sound likely to produce a million or more either; in fact the whole thing sounds rather laughable. Particularly if one is thinking of putting this in a savings account at miserly interest.

I have been trying for weeks now to figure out how could this work. And I still don’t know the details but tonight I did a calculation that shows that this is far from impossible. A compounding calculation is a very difficult thing to do (particularly for people like me who have more humanities leanings) so for simplicity I am assuming that for the first year nothing happens and the amount is just a simple sum of the daily contribution of £1.85. Furthermore, I have assumed that over a calendar year each pound makes an average of ten (1:10); that putting on the side £1.85 continues throughout; and that nothing is taken out. Under these assumptions:

Year 1 - £672
Year 2 - £6,720
Year 3 - £73,920
Year 4 - £745,920
Year 5 - £7,465,920

Allowing for ups and downs and relaxing the assumption of 1:10 return only means that within five years putting aside £1.85 per day is not going to make £7.5 million but a million starts looking easy.

Having seen that it is possible there is the technical problem of figuring out how to make £10 for every £1 invested. My feeling is that at early stages it will have to be high risk/high return strategy. At some point when sufficient amount has been made investments will have to be diversified and an increasingly larger proportion invested in safer things – like property, gold etc.

Any concrete ideas welcome – of course if investment savvy people don’t mind sharing. But again there is the £100 to £10,000 thread where people are trying to do it and share. Does anyone have the link to the thread?

And the saying for tonight is:

“Some guy hit my fender, and I told him ‘Be fruitful and multiply’, but not in those words.” – Woody Allen

Firewalker
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This caused quite a bit of discussion because people thought of investing as in shares kind of thing. It doesn't have to be that - it can be a MUSE a la Tim Ferris. Also Buterfly Dawn (former Scrooge) had almost done it i n August. Another thing to realise is that it is very important that the return is 1:10 in the initial cycles (small mone); after that more conservative approach will have similar effect.

I love the last line; Woody Allen rules!

Firewalker

Horace

I have some kind of news - spoke to JSA peeps today and have to attend a meeting tomorrow taking everything with me including my share certificate for Lloyds (can I find the ruddy thing...no I can't!!). I chatted with the HMRC who have said that my WTC will run on for 4 weeks and when I have found out what JSA will pay me then I can contact them to come off WTC until I start getting more work and then I can go back on it. One fly in the ointment is that my business overdraft has gone up to £210 because of the cheque I wrote last week but as soon as I can clear it, then I will be allowed to use my account and retain my overdraft of £150:) This is what I have been fretting about.

Tomorrow morning I will be doing a lot of printing - I am dreading going to the jobcentre too because I hate that place with a vengence as it is full of stuck up cows who look down their noses at you (the staff).

I have a committee meeting to attend tonight and I haven't printed off any additional minutes nor have I done the agenda - no-one has sent agenda items so I think the sole topic of conversation will be the charity auction next month.

Just wondering if I need to have a teaching qualification if I run business workshops?

Memory_Girl

Horace wrote: »

Just wondering if I need to have a teaching qualification if I run business workshops?

I've just read this to MrB on the phone - and he sprayed his tea all over the place.

The jist of what he said was "teachers are people who were so successful at school that they didn't need to move on to find their niche - what would they necessarily know about running businesses?"

Now gross generalisation - and know there are loads of talented teachers on here, but he kind of has a point.

His message to Horace is stop farting around and just stop looking for excuses not to jump in with both feet - OMG!!! sometimes he can be so, well, MALE!!!!

MG

Dorastar

Hmm not sure how to take the last post MG is ok though cos current govt is all for teachers not having qualifications either (free schools and re-trained squaddies and school-based training all come to mind!)

Busy day being the boss cos the boss was out all day and as per usual nowt of any significance happened - this usually happens when I am in charge tbh and is fine by me, although on the odd occasion there is a crisis I am Mrs Calm.

Have got to pay for my lovely new wall today so the money that hs been lingering in my account is all about to disappear - well it was nice looking at it for a while and it WILL be growing again soon.

tellmeitsfriday

Mmmmmmmmmmmmmmmm I've just had my first proper meal since "the !!!!!! thing", and OMG I enjoyed it so much!!!!

I really haven't felt like eating at all, but I have been nibbling on toast etc.

Mmmm meatballs, noodles and tomatoey sauce with some cheese. Deeee-lish-ersch.

Oh, and I have enough for tomorrow too. Get me!

Sorry for reporting such pathetic girlie behaviour. I promise never to not eat again

hex2

Horace wrote: »

Just wondering if I need to have a teaching qualification if I run business workshops?

Nope. You may need a teaching education in the adult sector qual if you do it via an FE college, but generally they fund it if you need it. Otherwise no one really cares tbh.

Leads that may be useful, try googling Bayton Road Hub (Coventry), and west midlands manufacturing advisory service (WMMAS) Also Steve Walker Associates Leicester, Go Mad Thinking (Leics, Woodhouse), and someone on my work email (PHP/PTP I think) that I need to rememember to bring home for you who does a lot in Brum.

TMIF my little sister went on a lone travellers eypgpt cruise thingy and very much enjoyed it. I can get the details from her if you want. she mostly met americans as far as I can tell.

Bitsy_Beans

tellmeitsfriday wrote: »

Mmmmmmmmmmmmmmmm I've just had my first proper meal since "the !!!!!! thing", and OMG I enjoyed it so much!!!!

I really haven't felt like eating at all, but I have been nibbling on toast etc.

Mmmm meatballs, noodles and tomatoey sauce with some cheese. Deeee-lish-ersch.

Oh, and I have enough for tomorrow too. Get me!

Sorry for reporting such pathetic girlie behaviour. I promise never to not eat again

Way to go TMIF and it's not pathetic girlie behaviour......you are a far cry from one of those xxx

Firewalker

Memory_Girl wrote: »

His message to Horace is stop farting around and just stop looking for excuses not to jump in with both feet - OMG!!! sometimes he can be so, well, MALE!!!!

MG

Harsh but fair! Sorry, Horace, but I am with MrB on this one - I just couldn't be so MALE to say it.

Firewalker

Kittikins

Thanks for all the healing peeps, my leg is feeling much better, the drugs and resting today have helped a lot, and I'm hoping I can drive tomorrow and go back to work etc. I've had a call from the hospital and now have the dates for my operation and pre-op stuff, so need to be fully mobile by Thursday morning, gulp. Cue frantic tidying and organisation so that I can be off my pins for a few weeks and keep DD at school and activities etc!