Hope is not an Effective Financial Strategy

therocket_2

Hi Jim,

Just wanted to say, congrats on your diary and brilliant progress - it's an inspiration! I am currently trying to pursuade OH to start up the MFW process and will hopefully get round to starting my own diary this year.
Do you have any tips? And also, as I am very technically challenged with regards to Excel spreadsheets, do you know of any good templates that would be of use?

Again, keep up the good work, it's great to read!

Rocket

shangaijimmy

Thank you rocket. That message makes it all the worthwhile to keep posting.

Been absent for a few days. DD birthday at the weekend so busy busy, and then we've hit vomiting bug and eventually scarlet fever in the house!

Money wise the weekly TT pot was £6.09 last week which i'm sure is a record and without realising it the end of Jan is fast approaching and that means...payday in 2 sleeps , paying out day in 3 sleeps , monthly accounts posting in 10 days :money: and another brick coloured in on our house chart :T.

15 items sold at the weekend on the bay, so a total of 25 in the last 3 weeks :T.

My manoeuvre from matched betting to sports trading has gathered a pace. After a week of learning and some costly mistakes i think i have gotten to grips with it. I made over £180 at the weekend and added to this with a further £20 last night. So it seems i may have a viable option to replace the declining MB career following all my bannings from bookies! Need to stay disciplined and not get greedy. That is the challenge and i have adopted the phrase "protect my bank" whenever a game goes a bit array!

Well off the docs with DD..!

Anonymous101

shangaijimmy wrote: »

Thank you rocket. That message makes it all the worthwhile to keep posting.

Been absent for a few days. DD birthday at the weekend so busy busy, and then we've hit vomiting bug and eventually scarlet fever in the house!

Money wise the weekly TT pot was £6.09 last week which i'm sure is a record and without realising it the end of Jan is fast approaching and that means...payday in 2 sleeps , paying out day in 3 sleeps , monthly accounts posting in 10 days :money: and another brick coloured in on our house chart :T.

15 items sold at the weekend on the bay, so a total of 25 in the last 3 weeks :T.

My manoeuvre from matched betting to sports trading has gathered a pace. After a week of learning and some costly mistakes i think i have gotten to grips with it. I made over £180 at the weekend and added to this with a further £20 last night. So it seems i may have a viable option to replace the declining MB career following all my bannings from bookies! Need to stay disciplined and not get greedy. That is the challenge and i have adopted the phrase "protect my bank" whenever a game goes a bit array!

Well off the docs with DD..!

Well done on the Ebay progress! :money:

A word of caution on the sports trading though. I'm not sure how you are doing this. Presumably on BF? I had a similar flirt with it after getting banned from all my bookie accounts too. I made good money initially but found that the inevitable losses soon wiped out most of my gains. Perhaps you've grasped it better than I did but I've now given up to it after concluding what I was doing was essentially betting on the movement of the market. Which I wasn't ultimately comfortable with. :cool:

Lynplatinum

Hiya Jimmy

Have been saving in a First Direct account for the year at 5% cumulative. On 20th it matured and got the £1800 I had saved plus £80 + very very happy with this. Not as good as you are, of course but still that £1000 to my ordinary savings + the £800 will go on three small holidays this year! Great to be rewarded. Also sold £45 worth on 2 Local Facebook sites - this has gone toward a food processor fund (as my arthritis gets worse - chopping let alone grating veg is becoming more difficult but intend to buy a really good one that will last!).

You have been an inspiration to keep on at this! :A
Keep on posting please!
Cheers
Lyn

shangaijimmy

Anonymous thanks for the tip/warning. I have got 2-3 strategies that i am happy with, i have a staking plan, a bank management plan and a get out plan! Just need to stay disciplined and keep saying "protect my bank". Time will tell!

Payday today which this one at the end of January always makes me breathe out! :jJust got DS1 birthday next week and then monies ease for a couple of months. As ever i've been TTing this week and made 2p, 22p, 86p and 10p, and an early look at the monthly OP pot and i think we may scrape £700. :beer:If we don't hit it we'll be less than £20 off so i may well do the deed and make the extra cheeky payment anyway.

In household health news.... The big red X on our front door continues. Scarlet fever is calming down due to the horrendous antibiotics, but the vomiting bug has spread to DS1, who is now off school and that very very rarely happens for him!

Mrs SJ and myself are away for 3 nights this weekend at a friends wedding (all paid for through MB profits)! No kids for 4 days :eek: which we have never done, so we are praying that they are all well for grandparents! We'd even take it if they were 75% well!!

So here's to plenty of :beer::beer::beer::beer::beer::beer::beer::beer:

shangaijimmy

Lynn - I'll keep posting whilst you keep popping in

I also love that time our FD regular saver pays (mid March). Usually it goes straight to mortgage but last year i used it to buy me a replacement car. I treated it as a loan against the mortgage and have been paying that pot back, rather than a loan.

Happy to report that this years £3,600 (plus approx £105 interest) will entirely go to mortgage :j, unless we have a financial crisis in the next 10 weeks

shangaijimmy

Well its the big weekend away which will be starting with a 6-7hr drive (if we get our timings right for the busy spots).

On the kid health front...DS1 is fine and returning to school today :T

DS2 continues to escape the germs, so once he's gone to school its not our problem

DD has made massive improvement with a few days of antibiotics. She's got another 7 days of them to go though! She's not eating great, but she's doing ok, I'd say 85% better :j

So Mrs SJ is now relaxed and looking forward to our weekend, which means that my ears are more relaxed...:D

63p TT this morning to send us on our way. Fully expecting a very expensive weekend. We're intending to enjoy to the maximum and not care about spends. After all it's "free" money as its coming from the MB pot :money:

5 days to accounts posting. Plus i'm excitedly waiting for the MFiT chart with fingers crossed that i'll move back to green (I'm certain that i'm on the borderline).

A_Frayed_Knot

Good news kids are on their way to recovery.

I too am waiting excitedly for the MFiT chart - its a great incentive to o/p for me anyway.

Have a great weekend and enjoy the wedding.

try_harder

Sounds like a lovely weekend coming up and even better that you are doing it all on the MB brilliant.Glad to hear the children are all on the mend.

Busy_Mee1

Glad the kids are on the mend. Have a fabulous weekend : )