Your browser isn't supported
It looks like you're using an old web browser. To get the most out of the site and to ensure guides display correctly, we suggest upgrading your browser now. Download the latest:

Welcome to the MSE Forums

We're home to a fantastic community of MoneySavers but anyone can post. Please exercise caution & report spam, illegal, offensive or libellous posts/messages: click "report" or email forumteam@. Skimlinks & other affiliated links are turned on

    • tinktay84
    • By tinktay84 10th May 11, 10:25 PM
    • 298Posts
    • 948Thanks
    Millionaire Challenge
    • #1
    • 10th May 11, 10:25 PM
    Millionaire Challenge 10th May 11 at 10:25 PM
    I sat pondering on what ive achieved in my 27 years and realised that anything ive ever said I wanted to do or wanted to have I have managed to achieve.

    Last year after 10 years in catering I completely changed career and last week I achieved a distinction in painting and decorating. This got me thinking that since I always achieve goals I set myself what could I do next....

    Thus the Millionaire challenge!

    So phase 1 is opening a savings account and getting money building up...

    I work for myself so have a bit of control over my earnings, we have 1 property that we rent out and my husband has a decent (secure) job.

    My aim is to get to the million mark by the age of 40 (im 27 now)

    So how many of you think im mad and its impossible and how many of you think i'll do it and have ideas to help me
Page 193
    • Muhren
    • By Muhren 2nd Mar 18, 12:24 AM
    • 1,521 Posts
    • 2,943 Thanks

    Not everyone is a success from day one. The world is full of late starters who did well in the end. So stop doing yourself down, you are not a failure. You have your children, your home, your partner and you are educating yourself. Pretty good going for someone so young.

    Remember it is not how often we stumble and fall that is important, it is how often we get back up again that counts.
    Originally posted by lessonlearned
    Just to back that up, whilst I was away I saw a quote from Michael Jordan, one of the greatest basketball players of all time, which was, "I've failed over and over and over again in my life, that is why I succeed"

    That is from someone who was at the very top of their game!!!
    LBM: Dec 2012 - Debt £38,180/ Now £0.
    DFD - 17/04/2016

    Gambling: The sure way of getting nothing from something.

    • lessonlearned
    • By lessonlearned 2nd Mar 18, 11:01 AM
    • 10,069 Posts
    • 62,873 Thanks
    Great quote.

    TBH. I am not very sporty myself but I do think that sports people like Michael Jordon are inspirational. I think Thatís why they make such good motivational speakers.

    I love to read biographies of people who have done well for themselves, often succeeding against the odds. Most of them are so disciplined and just so determined. They set themselves seemingly impossible goals and just keep going till they reach them. They teach us a lot.

    Hope you are all safe and well. Hopefully the inclement weather wonít last much longer.

    Roll on spring, I have had enough.
    • crv1963
    • By crv1963 5th Mar 18, 5:21 AM
    • 302 Posts
    • 710 Thanks
    Hi Everyone,

    I don't post often but read here regularly!

    I think you're all doing great, it is the getting up after a fall that shines through here, bouncing ideas around and sharing hopes/ plans/ thoughts all helps people (especially me) stay on track even if it is a maze with a few dead ends!

    For myself it is all about my working a few extra shifts to save/ invest and put towards luxuries that I wouldn't have otherwise, my own goal is the ability to retire earlier than I thought possible a few years ago.

    The strongest thing holding people back is themselves, those that seem to succeed, write the autobiography and do the motivational speaking all have one thing in common- incredible self belief, they never give up get a block in the way, work round it, go over it or go through it! Most here are doing the same, keeping the goal in sight and working hard at it.

    For myself I have a plan- I will retire by age 60 with a reasonable income (that meets my and Mrs CRV needs), sure it is constantly tweaked and amended as circumstances change but the goal is constant.

    Good luck you are inspiring and awesome!
    CRV1963- Light bulb moment Sept 15- Planning the great escape- aka retirement!
    • lessonlearned
    • By lessonlearned 5th Mar 18, 5:58 PM
    • 10,069 Posts
    • 62,873 Thanks
    Great post crv1963. Youíll do it.

    As you know I did retire early at 56 to become my husbands carer. I am financially independent and have a reasonable income so am not forced to work.

    However, I want to do something, preferably something worthwhile and hopefully get paid for doing it. I want it to be flexible so self employment is my way forward.

    Well heres the next step in my master plan. Cue evil witches cackle.

    I am going back to school........ I have my college interview on Thursday.

    Wish me luck.
    • crv1963
    • By crv1963 6th Mar 18, 6:21 AM
    • 302 Posts
    • 710 Thanks
    LL- definitely wishing you good luck!
    CRV1963- Light bulb moment Sept 15- Planning the great escape- aka retirement!
    • LuxuryWoman
    • By LuxuryWoman 6th Mar 18, 12:42 PM
    • 127 Posts
    • 390 Thanks
    Hey everyone, I'm still reading along and gaining ideas and inspiration from all of you. I have put a little more money into the business now and things continue to grow. I have an idea for something to add to my stable as it were and am in negotiations which could take things up to the next level.

    I'm having the problem of balancing home and work, in one way I'm hugely lucky to work from home but on the other hand work from home plus growing a business means very long which I don't mind but my daughter says I'm 'not really here' much of the time. It's very difficult, there is only me keeping a roof over her head and she has a long 'I want' list and I try to explain I'm doing this for us and for a future good life and my customers don't stick to a timetable. If anyone has any ideas to manage this I'd love to hear them. Do I work all night when she's in bed? Ho hum.
    • lessonlearned
    • By lessonlearned 6th Mar 18, 7:51 PM
    • 10,069 Posts
    • 62,873 Thanks
    How old is your daughter. Is she old enough to help. If she has a string of wants Then i am guessing she is not a baby or toddler. Even pre teens can be useful in a family business. Personally I think it does kids good to work. Obviously nothing too taxing or stressful. No kids up chimneys....

    I genuinely think it installs in them a good work ethic. And of course if you can pay her a little something it also teaches her the value of money. Let her earn her money so she can pay for some of those wants herself. I had my first job when I was 13, as a Saturday girl in a hairdressers. I loved it and I really loved having my own money.

    What skills does she have that you could use. Tech or computer skills perhaps. Most teens are streets ahead of us with technology and social media is their mothership. Perhaps get her into helping with marketing or some of your admin, sending out invoices, helping with accounts etc.

    My sons got involved in both our businesses and also in my diy projects from an early age. They loved it and they tell me they learned a lot of skills that have helped them in their lives. They even put that experience on their first job cvs and university application forms.

    Do you have a separate work space or do you work from your actual living area. It can be easier to separate work and home life if you can keep your actual work contained in a seperate room so you can close the door.

    How much can you automate. How about proper answering services or at least a seperate phone line, with an answer machine. There are all sorts of methods you can use. How often do you check your e mails. Do you have an automatic email answering system. Can you train your clients to fit around your timescales.

    I am not explaining this very well but you can end up becoming a slave to Your customers if you are not careful. You can end up running around like a headless chicken with not very much to show for it. It is not a good idea to always be at their beck and call.

    An example of getting people to respect your personal time and work within your preferred timescales ........when my kids were small I had to ask my boss not to call me at home between 6 to 9 pm. A nightly catch up phone call was part of my job. I explained that I needed that time for family time and I wanted to keep it sacrosanct. My boss was perfectly happy with that.

    I suggest you read the 4 Hour Work Week by Tim Ferris for ideas of how to maximise your effectiveness, how to manage your time.

    And yes, both my husband and I worked sometimes when the kids were in bed.

    But finally I would remind you of something my mother taught me. She said - you must always remember your children are not yours to keep, you only get to borrow them for a while. She was+right. The years will pass in the blink of an eye and you never get that time back so you need make the most of every minute you have with them even if it means working little less.

    A true story.........I was once working on a project and deadline was approaching fast. Whilst I was working my younger son, who was 7 at the time, was trying to talk to me. I thought I was giving Him sufficient attention because I thought I was being efficient and multi tasking - working whilst I talked to him. All of a sudden I noticed his face, he looked so sad and crestfallen because he realised I was only half listening and he turned away from me.

    I was so shocked by what I had done to him. I stopped working, scooped him up and tickled him to death just to make him smile again. Of course I had to make up the work time when he was in bed to finish the project but That incident taught me a lesson. My kids came first and work had to fit round them.

    It is hard, especially when there is only you, but you do need to find a way. Your daughter has had the courage to tell you that she feels left out because you are !!!8220;not really there!!!8221; so yes you need to try to make it work....for both of you.
    Last edited by lessonlearned; 06-03-2018 at 8:25 PM.
    • LuxuryWoman
    • By LuxuryWoman 7th Mar 18, 9:24 AM
    • 127 Posts
    • 390 Thanks
    LessonLearned your words are wise and I agree with them all, trouble is I can't tell customer to fit around me as it's a retail website so while I can deal with orders during school time it's the social media side that caused problems, and that's 24 hours a day. Problems need to be dealt with there and then really. It the longer term if things really take off then I will be able to pay for software and perhaps a person to do the grunt work but this is such early days (not a year yet)

    There isn't really anything my daughter can help with, just about everything is done via my phone (technology hey, it's quite remarkable the power these tiny gadgets have)
    I have started to take her for a cheapie meal most weeks so we can talk and I try to spend a good couple of hours every evening focusing on her but it never seems enough. I have to make a go of this, otherwise I'll be in a minimum wage type job (please believe I really don't mean that the way it might come across, it's just that I am older, no qualifications and the business has massive potential)

    I will have a good old think though to see if there is anything I can streamline, right now I have no time to read a book, my diet is pretty rubbish and I barely see daylight.

    Thanks for your long and thoughtful reply, I appreciate it and will think things over.
    • lessonlearned
    • By lessonlearned 7th Mar 18, 1:36 PM
    • 10,069 Posts
    • 62,873 Thanks
    It is hard when you are in the thick of things and feeling overwhelmed. Sometimes it can be difficult to see the wood from the trees. It is precisely at such times that you do need to take a step back and try and evaluate what you do. See where you can streamline things. If it means taking time out to read a book then do it. If I remember correctly you would not need to read the whole book anyway, probably just the first few chapters to start with.

    The guy I told you about - Tim Ferris who wrote the 4 Hour Week Work Book - said he had to do exactly this. His business was doing ok but it just took up too much time. He was overwhelmed and exhausted just trying to keep up let alone being able to grow the business. He said he streamlined and automated, cut out the dead wood and got organised. He said he got his life back and made his business more profitable.

    It does sound like you are seriously overwhelmed. Be careful, do not neglect your health. Good idea to have a meal out with your daughter away from the house. Perhaps a spa treat session would be a nice mother/daughter thing you could do together. A de-stressing massage or facial might be just what you need. I bet your daughter would love it - pretending to be a celeb for the day..... Take a look at Groupon for offers.

    And do not apologise for not wanting to remain in a min wage job. I doubt very much that anyone here will be offended. After all we are all here to better ourselves.

    Speaking of health I went for a massage this morning. Told the masseur all about my plans and she offered to lend me some textbooks. How kind was that.

    I visit the college tomorrow so today I am going to sort out what I need to take with me and then do a bit of refresher reading to prepare.

    But first lunch......
    Last edited by lessonlearned; 07-03-2018 at 1:45 PM.
    • lessonlearned
    • By lessonlearned 8th Mar 18, 1:25 PM
    • 10,069 Posts
    • 62,873 Thanks
    Hello everyone.

    Just to let you know I have been successful in my college application. Start the course end of March.

    The course is Complementary Therapies level 2, , building on from my beauty therapy qualifications. This will enable me to open my own treatment rooms.

    Depending on how it goes I am hoping to go on to Level 3 which is diploma level.

    But I am ahead of myself step at a time.

    I celebrated by buying myself a handbag I have been lusting after.

    Hope you are all well and making lots of lovely money.
    • minxy-x
    • By minxy-x 8th Mar 18, 9:55 PM
    • 139 Posts
    • 511 Thanks
    Hey all

    You are very right about successful people having incredible self belief, my husband does, it is actually amazing if you listen to him. There is simply no doubt that in his head that we will not succeed in what ever business we are undertaking at that point.
    This does not mean he does not think there will be hard times, but he does think things work out right in the end, and if its not right, its not the end.

    Our most recent business, he was told it would be money down the drain, not worth taking, no point doing the refit as customers would not appreciate it, bla bla bla.
    He listened, but thought it was right for x,y and z reasons,we carried on doing what we had planned, and although it is early days, its doing very well, and this is with a management team in place (extra costs) as well as staff, the plan being in the future we are not tied to it 24/7 (we are both very busy with it at the moment but its early days and still things to put in place).
    Actually when I wrote out this, I remembered out first business there were people saying similar, and the business we are looking into currently again people saying similar.
    He listens, smiles, and carries on with our plans...
    My people are much more positive

    Balance is always tough!
    We don't have children yet, so I cant give advice around that, but will talk about a few things we do and maybe you could adapt those to fit in.
    Additionally please don't take any offence at any suggestions, thoughts, its just chucking ideas/thoughts around as quite often they may lead to the answer...
    Also it depends on your business as some things might just not work.

    When we are home together at the end of work, we catch up and are in the moment for the conversation, not asking the questions because we feel we should, whilst looking at emails, or thinking of other things- but asking and listening.
    This is also (on the whole) the first thing we do, and then we get into business things

    If we have a day off/time off together, and have to deal with anything businessy (which happens everytime)!
    We will try and look at our needs for the business and do these tasks, but try to get into tasks which are for an outside companies needs, and could wait.
    E.g till system down, its important to us/staff/customers/business that this is sorted ASAP- we deal with.
    Company who deal with till system, call and want to talk about an upgrade etc- they can wait until the next day.
    It was a tool I learnt from Brendan Burchard- I think it was on his how millionaires plan their day talk.
    He says don't look at other peoples agendas, your purpose is to work on your goals.
    Now there does need to be some balance, as if you get back to people with what they need in a timely manner, they will hopefully do the same for you when needed.

    Finally on a day off (haha), we will try and split the day, time for us, deals with business things, time for us and repeat.
    We try not to have the whole day as a mish mash of us and business intermingled, as then it really does not feel like we have spent any quality time together.
    When we have to do something to do with the business we will also update the other one about the task, how long it will take etc, sounds very official when I write it, but its more like, I need to X, and then y, will be about 30 mins.
    In the times you need to deal with work things, could you update your daughter, I need to work for an hour, why don't you do your homework (or whatever needs to be done), and then we will do x together in an hour.
    Is it paramount that you respond to customers there and then? Could they wait for a bit even it its a few hours?

    Could you have a Q&A on the website for questions asked regularly?

    Could you provide more info around products/services on the site itself?
    Which may negate the need to respond to some questions, this may take some work setting up, but look to work on one item/section at a time.

    Could you have times on social media where you are available for live chat, and advertise these?
    I will be available for live chat between 8pm-9pm, outside of these hours please send an email to .... and I will respond within (whatever time you think is reasonable).

    Any competitors? Have a stalk and see what they are doing, any ideas you could adopt?

    Could you swap a skill set, to implement tech things you may want to but do not have the money to do, with someone else who you may be able to provide a skill to?

    Do you have people you can talk to about business? Any small company group meet ups locally? Know any one else starting out/running a business?
    Running a business is f'ing hard and a roller coaster, its really important to be able to offload, and shoot around ideas.

    Another thing to think about is if you can scale back any areas, and it may take longer to grow the business, but for now you have a better balance?

    Finally you need to look after yourself, quite simply you can not long term continue to achieve your optimum in your personal life and business without looking after yourself.
    You need to look after yourself to be able to look after others.
    I am sure we have all been here, and I know its needs a constant kick up the butt for us as we all slip into bad habits. But it is so important.

    Congrats, how exciting, not long to go until you start.
    Hope you are enjoying the new handbag!
    • minxy-x
    • By minxy-x 8th Mar 18, 10:06 PM
    • 139 Posts
    • 511 Thanks
    You tube audio book for the 4 hour work week, if you dont have time to read, do you have any time you could listen to this and fitting it around normal tasks?
    Going from and to school drop offs (once dropped daughter off), shopping (listen to it when going around the supermarket)? Cooking dinner?
    • LuxuryWoman
    • By LuxuryWoman 9th Mar 18, 10:24 AM
    • 127 Posts
    • 390 Thanks
    Good morning,
    Wow, I really appreciate your kind and wise words, thank you so much LL & Minxy
    I think I felt overwhelmed there for a while, but I'm excited too at my plans. I have eaten much better in the last few days,, vegetables and everything! I'm taking my lovely girl for dinner later and then she is with friends for most of the weekend.

    Hope everyone is well and making oodles of lovely dosh!
    • lessonlearned
    • By lessonlearned 9th Mar 18, 2:02 PM
    • 10,069 Posts
    • 62,873 Thanks
    LW. Good to see you upbeat and positive again.

    Well done on the healthy eating. Self care is so important and it starts with good nutrition, eat junk and you will feel like junk.
    • crv1963
    • By crv1963 10th Mar 18, 8:25 AM
    • 302 Posts
    • 710 Thanks
    Hi LW,

    I've been thinking about your problem and maybe an idea may be to adapt one we used when our sons were younger? Basically every day we had one meal all together usually teatime, mobiles were banned during that meal, we ate together and as we ate or while we finished our meal we'd go round one at a time and talk about our day. Not necessarily in great depth but what we did/ enjoyed/ saw and something that made us happy had to be included.

    So for example I might say that I'd been working on a project and had met a deadline or that I'd been to such and such a place and seen an Aston Martin or had a great coffee and an awful lunch etc, the boys would maybe discuss school, football team or sport that they'd done, homework to do.

    If we had anyone else such as one of their friends to tea then they joined in too. It was I remember stilted and difficult at first but after a couple of weeks they loved it, we all shared the good and sometimes not so good things, we also then knew if we needed to spend a little more time with one of them giving a bit more support/ help/ advice away from the table.

    Even now although their mother and I have divorced, got new spouses and they are grown up and earning wages of their own, the boys still look forward to us sitting together for meals and talking about the day when they come to stay with us!

    We still have the rule of no phones at mealtimes!
    CRV1963- Light bulb moment Sept 15- Planning the great escape- aka retirement!
    • lessonlearned
    • By lessonlearned 10th Mar 18, 9:36 AM
    • 10,069 Posts
    • 62,873 Thanks
    Great post......

    We did exactly the same. And I still have the no mobiles rule.

    Mealtimes are a great time for getting people to open up, even teenagers.
    • LuxuryWoman
    • By LuxuryWoman 12th Mar 18, 11:35 AM
    • 127 Posts
    • 390 Thanks
    crv1963 thank you so much for taking the time, I do agree about mealtimes and mobiles.

    Hope everyone is well and the millions are on the horizon if not pouring in just yet.

    I have taken a massive leap that should, no WILL drive us forward so there is work to be done but bring it on I say!

    I love the positive 'can do' attitude on this board, it wasn't long ago that I thought I might have to go get a job after years of self employment and that is not easy in the current climate, not where I live - now I can see a lot of hope.

    Hope everyone is doing great and thanks again for all your wise words
    • Kayalana99
    • By Kayalana99 12th Mar 18, 1:26 PM
    • 3,417 Posts
    • 6,097 Thanks
    LW - So much great advice, all I will add (although I think stepping on someone elses advice) is quality time is better then quantity. Plan an activity to do together, give them 100% of your attention even if it's only for a short time. You get caught up living day to day (even when you aren't busy) that even if you have free time, you are not really spending that quality time together.

    Again with social media, do you really HAVE to reply straight away? Will 12 hours to reply really be that bad? Messages can be set up so you can have an 'away' message that you'll be back to soon, and comments on facebook pages aren't going anywhere. Now I don't know your business set up, but I wonder if this is pressure you are putting on yourself rather then the customers actual requirments. On the 4 hour work week - there is a whole chapter about outsourcing I believe to have a cheap P/A too. Not sure if it's worthwhile, but it might not cost as much as you think to have someone abroad running your social media page.

    LL - Congras on college, hope it goes well for you!

    I'm really pushing forward atm, I wish I could give you the full story but not something I would want posted on an online fourm, but lets say ATM my motivation and drive is at it's peak ...but of course I still have 99 things to do as normal.

    Got another essay due Thursday but made a cracking start today and hoping for it to be done by Wed, then that module is done but next one starts beginning of April....but it gives me a bit of breathing space.

    Just had a big essay in for my other module too, so got a bit of breathing space with that too. Need to keep up with the work still, but means I've got no essays due till May now.. (actualy that depends on the module starting in will most likely be 2 in May but that's not so bad really I guess)

    Business wise, I sat down and made a list of all my ideas I've ever had. I've decided my main business idea is just too big to deal with right now, it has so many avenues and I think I really need to start it with a BOOM. By that, I mean I need everything in place before launch, I don't want to half wing this idea as I need the branding to be in place so no one can really 'steal it' where as if I start small I might get a few copy cats who take over....also I've had another idea that combines this with several's a very very very big plan....and I won't be able to do it alone but I can do it in small parts and build up seperate businesses before combining them into the big idea and with my 'list' of business ideas, I found a niche that is not going to overload me, going to be hard to copy because there are some similar things out there but this is going to be different and branded and hopefully the name is quite a killer (sorry I don't know if you will agree but I think the name is so so important!) that people will remember it and return...and I can start it without any worry of copy cats because my first step is to build up a social media page that won't give the idea away - it will simply be getting people to 'like' and 'share' my quotes around the topic I'm building it on - then I can build the website / blog behind the scenes then use the facebook page to advertise it when I'm ready.

    Hopefully that makes a bit of sense, but I've got my facebook page set up now and I've registered the website (actually both, I've saved the name of the other idea too although I may change that one), and I've got my to-do / step by step list that I need to crack on with and I have my notes on my phone that everytime an idea strikes I'm adding to it as I go.

    I can't say right now if this will be the million dollar idea as I love my other one to be fair....but if I can manage to grow this I see so much potential to monetise it including going into an actual retail store selling it as a service and it would be nothing that has been done before...but getting ahead of myself with that one anyway. First step is the facebook page, quotes, and building up a tribe.

    P.s Reading 'The Million Dollar Blog' right now, if it's something that interests you it's quite motivating and does give you ideas.
    Last edited by Kayalana99; 12-03-2018 at 1:29 PM.
    People don't know what they want until you show them.
    • minxy-x
    • By minxy-x 14th Mar 18, 6:17 PM
    • 139 Posts
    • 511 Thanks
    Exciting times for you, the hard work will pay off!

    Hope that essay is done and dusted, or at least well on the way to being so.
    All your plans sound very exciting!
    Its hard with being cautious on here isnt it?! When I launch my product I would so want to tell everyone what it is, but don't feel like I want to put my self out there so publicly (not just on here, but if you know the product there is then lots of personal info online from companies House etc), it makes me a little sad that I probably wont share exactly what it is

    I have spent the whole of today, on my laptop doing bits for various businesses and my breaks away from the computer have been housework
    I need to knuckle down and do some bits for my business (the product design one), I have lots I need to learn around social media/websites etc, but its all going along fine on the whole.
    • Kayalana99
    • By Kayalana99 19th Mar 18, 8:40 AM
    • 3,417 Posts
    • 6,097 Thanks
    Been a bit of a complete t**t and got a work trial today for a Letting Agency, wish me luck..... I'm at the point where if I get it I'll be happy but if I don't no harm done as I would be taking on too much.

    Would be two days a week, only 8 hours but I'd still keep my evening job plus be doing my degree along with kids/house......when will I learn...but being in an E/A (or L/A is same thing in a way!) has been a bit of a dream job for me for a long time...I even did one of my essay's on it last year...ugh!

    Me = twit waffle.

    ETA: Just to add I went, it was awful. She had flies all round the office and just isn't a nice person. It would have just been me and her in office, I appreciate it would have been good experience but I would have been taking on too much.
    Last edited by Kayalana99; 20-03-2018 at 7:52 AM.
    People don't know what they want until you show them.
Welcome to our new Forum!

Our aim is to save you money quickly and easily. We hope you like it!

Forum Team Contact us

Live Stats

2,223Posts Today

8,013Users online

Martin's Twitter