Karmacat: I'm passionate about my DFW journey to riches

Karmacat

Thanks guys - yep, trading or bankruptcy, bankruptcy or trading. I think I'd rather have trading! :j

Seaxwyn, the fears that are around trading aren't *about* trading - they're about taking risks, about deciding to live, without being too intense about it.... same as my flying phobia (which I beat) and my spider phobia (which I beat, believe it or not...).

Wouldn't mind living in a campervan. When I saw you'd written "a flatshare with friends" - well, I'm too old to have friends in flatshares, after all - but the first thought that came up, to be honest, was that with only a minimal amount of painkiller, I'd really rather pull my own teeth out with a pair of pliers.... :rotfl: I guess that means I'd rather be a trader, in which case I'd better get my @rse in gear!

Gemmzie

KC, I think you're a bit wary because of your previous decision not working out and it's made you finance-forward-phobic. You can do this!

Keeping_Motivated

Karma I'm not suggesting you should as I don't know the ins and outs but is selling your french peoperty an option? Wondered if it would just take the pressure off?

After your meeting did you see a way forward to improving the business? Is the business your counselling business or is it another venture?

Hope you've had a better day today

KM x

ZTD

Karmacat wrote: »

I'm not really more vulnerable - but talking about it to him, in a more honest way than I usually do, just brought it up - I've never been in debt before; this debt is cos of a bad investment decision, and if I don't make the trading work (I know I'm supposed to stay positive and all that, but this has to be looked at) and the business continues the way its going, I'll be lucky to avoid bankruptcy.

Is this why you feel under so much pressure while doing it?

Karmacat

Gemmzie wrote: »

KC, I think you're a bit wary because of your previous decision not working out and it's made you finance-forward-phobic. You can do this!

You're absolutely right, actually - I never quite connected those two things, so wasn't conscious of it. Thanks!

Karmacat

Keeping_Motivated wrote: »

Karma I'm not suggesting you should as I don't know the ins and outs but is selling your french peoperty an option? Wondered if it would just take the pressure off?

Thanks KM - no, its not really an option; I bought it under the French Leasehold scheme - you get it with no VAT on the purchase, and this guaranteed rent for 9 years - in return, if you sell it within 15 years, you have to pay the VAT you never paid in the first place... makes it prohibitive. When I went into it, I just assumed that my income would carry on in the way it had done for the previous 15 years. Ahem.... it didn't.

After your meeting did you see a way forward to improving the business? Is the business your counselling business or is it another venture?

To be honest, I don't really *want* to improve the business. It is counselling, you're right, and most counsellors have a shelf life, which I'm already beyond. Some people carry on all their lives, or retrain to it when they're my age, and tho I'm not burnt out, I know I can't continue indefinitely, or take on many more. A good compromise is happening literally within the last two weeks - three new people have applied, and about five ex-clients have returned, for varying levels of input from me. Its counterintuitive, but my business does better in an economic downturn - no idea why, since you'd think therapy and counselling is one of the "frills" that has to go, but that is absolutely not the case with my business, at any rate.

Hope you've had a better day today

KM x

Thank you! I had to take yesterday off from the serious stuff, I did post around the site, but I just needed a bit of a play, Monday and Tuesday were very tough. Back to business now, will reply to Z and then post my list.... what a monologue this morning is turning out to be on my diary! New energy, see!:D

redsquirrel80

Just saying good morning! :hello: Nice to see you energetic! x

Karmacat

ZTD wrote: »

Is this why you feel under so much pressure while doing it? - because "I've never been in debt before; this debt is cos of a bad investment decision, and if I don't make the trading work (I know I'm supposed to stay positive and all that, but this has to be looked at) and the business continues the way its going, I'll be lucky to avoid bankruptcy."

Yes, I suppose it is... and what Gemmzie said, and something related to that - I started to do this trading much too early, with a much lower success rate on my virtual trading, and I sort of expect my results to be like that - it was really traumatic. I didn't lose much, but I did lose. On my account, at least - I did take care of a trading account for my sister for a while, and made annualised returns of about 10% for her.

The bankruptcy thing - I could avoid it by giving up what I do, doubling my teeny mortgage to renovate the place and rent it out, and going to live in a camper van somewhere, but I'd rather do that from choice, not compulsion. No time for false modesty here - I've been fairly successful on the whole, especially considering where I started from - and I find it extremely irritating that I can't seem to get my act together around the trading.

This morning - I forgive myself. I was working on analysing the ftse, and didn't realise that the other thing I work on in the morning, the fx rate £/US$ was making a signal. I'll get better.

Karmacat

Okay, finally :rolleyes: the list for today:
- Nectar comp. done
- free bingo - not started yet, will do.done the first lot and the second lot and the third lot
- phone Abbey, oops, still not done it from Monday, about the DD that appeared. A-ha! This was the consequence of a mystery shop, sorted, bless 'em.
- pay tax, if money I transferred into my account has appeared. Boohiss.... not appeared yet. Sssshhhhh on the boohiss, should send with love and abundance....
- phone French bank, get clear about how to fund my moneybookers account so I can start Euro matched betting when the season opens! oh god, this is next on my list. Oh NO!!!!
- got a Yougov survey to do. done!
- check mystery shops throughout the day. been doing it, nothing so far.

Karmacat

redsquirrel80 wrote: »

Just saying good morning! :hello: Nice to see you energetic! x

Hiya! :j :j Yep, back to being me! :hello::hello: Ooh, I forgot gardening on the list, surprise surprise - need to watch the time of day tho. Off to check your thread before I start proper - I expect lots of packing wibbles before Rome....