Freedom hopefully this year

prodigalson
prodigalson Posts: 68 Forumite
First Post Combo Breaker First Anniversary
edited 25 August 2019 at 6:11PM in Debt free diaries
I have been struggling with debt for the last 6 years. I just want to free to pay off all my debts and help those closest to me.
I am going to be updating how much money I make each day. I will be posting each income stream.
My goal is to build multiple income streams.
I'm well educated but have been stupid with money throughout my adult life. I'm going to go in depth with what I do daily. Keeping this diary as something for accountability and I don't really have any close friends or family who would understand the extent of my problems. So speaking to you strangers might help.

Income one: Trading Account -
Income two: Matched Betting - (first time trying this, any tips would be helpful)
Income three: Trade Setup Alerts - (signals for trades) (will advertise on instagram)
Income four: Trade Copier Services

I have a few challenges I need to complete for my own financial security and future:
  • 2019 1% challenge
  • Make £10 A Day August 2019
  • The £1,000 emergency fund challenge.
  • 1 debt vs 100 days
  • 3 - 6 month Emergency Fund Challenge
Emergency Fund: 0/1,000
ISA: 0/20,000
Loqbox: 0/10,000

Comments

  • beanielou
    beanielou Posts: 90,257 Ambassador
    Academoney Grad I'm a Volunteer Ambassador Mortgage-free Glee! Name Dropper
    Happy shiny new diary :)
    I am a Forum Ambassador and I support the Forum Team on Mortgage Free Wannabe & Local Money Saving Scotland & Disability Money Matters. If you need any help on those boards, do let me know.Please note that Ambassadors are not moderators. Any post you spot in breach of the Forum Rules should be reported via the report button , or by emailing forumteam@moneysavingexpert.com. All views are my own & not the official line of Money Saving Expert.

    Lou~ Debt free Wanabe No 55 DF 03/14.**Credit card debt free 30/06/10~** MFW. Finally mortgage free O2/ 2021****
    "A large income is the best recipe for happiness I ever heard of" Jane Austen in Mansfield Park.

    ***Fall down seven times,stand up eight*** ~~Japanese proverb.
    ***Keep plodding*** Out of debt, out of danger. ***Be the difference.***
    One debt remaining. Home improvement loan.
  • Targets for today (bank holiday):
    • No trading as little to no volume in market
    • Look over previous notes and mistakes made
    • Get back the money lent to a friend
    Emergency Fund: 0/1,000
    ISA: 0/20,000
    Loqbox: 0/10,000
  • savingholmes
    savingholmes Posts: 27,364 Forumite
    Name Dropper First Anniversary Photogenic First Post
    Good luck on your journey
    Achieve FIRE/Mortgage Neutrality by mid 2030
    1) MFW Nov 21 £201,999 with 237 payments to go - now £184,341 Equity 26.26%
    2) Spend on handyman & external building works & new patio door £12.3K
    3) CC £4.9K on 0% spends card but offset by £34.1K savings (part EF, part future home improvement)
    4) Mortgage neutral by June 2030 AVC £9.6K/£127.5K AVC target 7.5% value at 15/4
    5) FI Age 60 annual income target £13.7/30K 45.7%
  • Income one: Trading Account - £0 (Didn't trade yesterday as it was a bank holiday, would have made £400)
    Income two: Matched Betting - (Still learning)

    Today's plans:
    • Clean out bag
    • Raise more money for trading account
    Emergency Fund: 0/1,000
    ISA: 0/20,000
    Loqbox: 0/10,000
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