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£100,000 in 5 years

124

Comments

  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Good Luck with your journey too L9XSS.
  • ajmoney
    ajmoney Posts: 6,467 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I am trying to think of something I could make and sell to grow this money quicker ,I am quite good at flower arranging so I might try making up some bouquets ,baskets etc and see how I get on
    Hi @try_harder I have just read your thread.
    I haven't looked into blogging or youtube but I know you can make money from it although it can take time to build it up, maybe you could do some how to clips for flower arranging etc
    I would like to work on a 6 or 7 year time frame although 5 would be great so I will watch your progress with interest.

    MFW 2025 No. 7 £1530/£2700
    MFiT-T7 No. 6 £3571.87/£30,000
  • MerryHen
    MerryHen Posts: 81 Forumite
    Fourth Anniversary 10 Posts Photogenic Name Dropper
    Love your millionaire challenge @try_harder
    You've probably already thought of them but Prolific surveys are good for making small amounts of money and matched betting is good too (I only did it for a short while a few years ago before my attention was taken up by kids but it was profitable during that time.) 
    Will be cheering you on 🥇
    Mortgage free 13/06/2023 🥳
    8.5 years early saving ~£20,000 in interest.

    Short term goals:
    As of January 2025
    Save emergency fund: £8700/£15,000 (58%)
    Pay personal 🚗 loan: £-190

    Mid term goals:
    Next car fund: £4200/£20,000 (21%)

    Longer term goals:
    Fix up the Hen House 🏠
    Save for retirement 
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Thank you ajmoney ..I might be ok to chat on YT as long as I don't have to show my face and could keep my house /rooms etc clean enough but a good idea .Thank you 
    Thank you MerryHen . I am doing surveys as they come up and have just had a £50 cheque from Populuslive. I haven't ever tried matched betting ,I will suggest it to my husband ,he might enjoy that .
    I have been watching Nicola today at the frugal cottage talking about the seven streams of income ,at the minute we have two I guess like most people ,our business and our dividends /profit from our Isa which is relatively small at the minute. We need to find five more ,I shall be looking in to this next to see what ideas I can come up with
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Week 7/290
    Well ,I have had my best week ever ,just goes to show what I can do when I put my mind to it ,mind you I was very lucky too this week so unlikely the numbers will be this high again but I turned one buy at £50 into £150 and one buy at £100 to over £300 .My small amounts came to £38.49.So my totals for this week are 
    Money saved for Mort £403.64 total £2461.60
    Money saved for Millionaires Challenge £537.49 total £1178.40
    Total saved this week £941.13 !!!!!
    I shall definitely stick to what I am doing ,my main thing is writing a list of things to do each day and making sure I do them ,this has helped enormously
  • Busy_Mee
    Busy_Mee Posts: 422 Forumite
    Seventh Anniversary 100 Posts Name Dropper
    Wow that is good TryHarder. You have really got your mojo back with the buying and selling. Are you using EBay ?
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    I am Busy Mee and any other selling sites that I can find ..I was very lucky as I managed to sell the larger item on the only pay a pound deal ..Thank you
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Aims for this week ,week 8 .
    To save at least £278 towards mortgage and to save at least £135 for Millionaires Challenge ..I find it so much better if I write my goals down at the start of each week and so far this is working well for me ..This morning I invested most of the money saved for MC into my ISA ,now to make last weeks £38.49 in to something bigger by at least doubling it once
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    Week 8 /290 
    Money saved for mortgage £367.08 total £2828.68
    Money saved for MC £53.22 total £1231.62
    Not such a good week this week for MC but all money is in the ISA and is slowly creeping up in value 
  • try_harder
    try_harder Posts: 1,532 Forumite
    Tenth Anniversary 1,000 Posts Combo Breaker
    I should have added the following ..
    Savings overall in June were amazing due mostly to two large sales and my husband as ever .£2231.30 
    Made up as follows 
    Mortgage savings £!484
    MC £747.30
    Aims for this coming week £340 Mortgage savings and at least £42 MC 
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