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  • FIRST POST
    • TheHappySnapper
    • By TheHappySnapper 8th Aug 18, 5:15 PM
    • 5Posts
    • 20Thanks
    TheHappySnapper
    My Ultimate Challenge
    • #1
    • 8th Aug 18, 5:15 PM
    My Ultimate Challenge 8th Aug 18 at 5:15 PM
    Hello,

    I'm new to the forums after being a lurker for a number of years! Have decided I need to take control of my financial life, and my life in general. My life in brief is, married, 2 children, 1 dog, 1 (huge to me) mortgage, recurring depressive episodes and a relatively new business. I don't seem to do things by halves!

    Have always liked the idea of being debt free, but getting there has always been difficult, so now in my mid thirties, I feel like its time to get a hold of reality and make life financially comfortable.

    Last year, I started this "Make a Million Pounds from 1p in 28 steps", just to see how far I could get, and partly because I needed a distraction from reality at the time. If you've not heard of it, you take a penny, and double it - that step 1. You then take your 2p, and double that... step 2. And in 28 steps you will have a cool million. There were rules and do's and don'ts to the thing I read, but I'm doing my own variation of it, and am at step 15, 80 to 160 (currently sitting at 90).


    While I might be slightly dubious about getting to step 28, I would LOVE if this even contributed to cutting our mortgage by the time I'm 40. So, I thought I'd start a diary on here to sort of keep me on track and have somewhere to write to. I think my husband thinks I'm crazy a lot of the time, but he also loves the idea of cutting the term of the mortgage.

    If anyone is interested, I'll post my first 14 in the thread below later. Feel free to share any words of encouragement, or feel free to read my ramblings as a lurker, just like I used to do on here!


    THS
Page 1
    • redlaces
    • By redlaces 8th Aug 18, 5:49 PM
    • 96 Posts
    • 572 Thanks
    redlaces
    • #2
    • 8th Aug 18, 5:49 PM
    • #2
    • 8th Aug 18, 5:49 PM
    Hey!

    I'm really intrigued by this, I would love it if you shared how you got to your current position

    Thanks
    Make 5 per day in August 2018: 198.95/155 Sept: 155.50/200 Oct: 66.02/200

    Debt-free date: Feb 2023
    • TheHappySnapper
    • By TheHappySnapper 8th Aug 18, 7:29 PM
    • 5 Posts
    • 20 Thanks
    TheHappySnapper
    • #3
    • 8th Aug 18, 7:29 PM
    • #3
    • 8th Aug 18, 7:29 PM
    Hi Redlaces! I've posted below the steps and how I've got there, bit of rooting around in bags and pockets to begin with, and that's taken since last March, but I'm hoping I can now focus on it a bit more as my circumstances have changed a bit. I think once I get to 160 I will try and do matched betting for steps 16-18, but you're not supposed to think too far ahead, you're supposed to concentrate on the step you are on, otherwise it becomes overwhelming and you'd give up!


    Step 1 Find a penny lying on the ground, or be given it without asking for it. Found one in the carpark at my old place of work, so started!
    Step 2 1p-2p Asked my hubby to swap me the 1p for a 2p
    Step 3 2p-4p Explained these 28 steps, and hubby donated another few pence!
    Step 4 4p-8p
    Step 5 8p-16p
    Step 6 16p-32p
    Step 7 32p-64p found some change in a coat pocket, which too me to 49p
    Step 8 64p-1.28 more change from hubby taking me to 72p
    Step 9 1.28-2.56
    Step 10 2.56-5.12 (Call it 5 to make it easier.) 3 that was in a purse took me to 3.72
    Step 11 5-10 Found a 10 note while out walking the dog
    Step 12 10-20 Bought a second hand pine unit for 10, and managed to sell it for 20 without painting it or anything!
    Step 13 20-40 Sold a heated towel rail from decorating the bathroom for 20 so now at 40
    Step 14 40-80 Made 10 from a collection of books I sold, plus 10 from a box of odd playmobile I sold. Sold a laptop bag for 30, so over my 80 required for step 14.
    Step 15 80-160 Sold a part for a camera for 20 so now at 110.
    Step 16 160-320
    Step 17 320-640
    Step 18 640-1,280
    Step 19 1,280-2,560
    Step 20 2,560-5,120 (Call it 5,000 to make it easier.)
    Step 21 5,000-10,000
    Step 22 10,000-20,000
    Step 23 20,000-40,000
    Step 24 40,000-80,000
    Step 25 80.000-160,000
    Step 26 160,000-320,000
    Step 27 320,000-640,000
    Step 28 640,000-1,280,000
    • redlaces
    • By redlaces 8th Aug 18, 8:09 PM
    • 96 Posts
    • 572 Thanks
    redlaces
    • #4
    • 8th Aug 18, 8:09 PM
    • #4
    • 8th Aug 18, 8:09 PM
    Thank you! It sounds like you've had a profitable few months!

    I'd love to hear how you get on with the rest of the journey and practising flexing those entrepreneurial muscles!

    All the best, redlaces
    Make 5 per day in August 2018: 198.95/155 Sept: 155.50/200 Oct: 66.02/200

    Debt-free date: Feb 2023
    • TheHappySnapper
    • By TheHappySnapper 12th Aug 18, 2:27 PM
    • 5 Posts
    • 20 Thanks
    TheHappySnapper
    • #5
    • 12th Aug 18, 2:27 PM
    • #5
    • 12th Aug 18, 2:27 PM
    Have sold a dress on ebay for 13, so that will go towards this too.

    That will take me to 123 of 160, so only need another 37. Have a few bits I have my eye on to ebay, so may go and do that today, and see how they go.

    Excited to be almost complete another step!
    • SavingAFuture
    • By SavingAFuture 30th Aug 18, 4:11 PM
    • 114 Posts
    • 228 Thanks
    SavingAFuture
    • #6
    • 30th Aug 18, 4:11 PM
    • #6
    • 30th Aug 18, 4:11 PM
    This is an amazing challenge! I am subscribing so I can follow your journey and may well go out and look for my first penny too...

    It does sound incredibly daunting when you think ahead but I imagine your confidence grows with each step you complete?

    Wishing you all the luck
    Proudly on my debt free journey
    CC1: 0/2120.60 CC2: 860/3239.99
    • angelicious
    • By angelicious 14th Sep 18, 11:01 AM
    • 215 Posts
    • 1,515 Thanks
    angelicious
    • #7
    • 14th Sep 18, 11:01 AM
    • #7
    • 14th Sep 18, 11:01 AM
    Hey happy

    Your challenge sounds amazing!! I'd like to joint in if I may??
    Make 10 day '18: March '18 1479.50/1000 Feb '18 2638.52/1000, Jan '18 960/1000
    2018 1% challenge - 228 - 4% @ 07/02 (912/22800)
    Make 10 day say 2017 total 5256.25
    MFW: 160,306.48, now 158, 600 @07/02 Paid 1386.48
    Decluter 2018: 79/2018
    • patman99
    • By patman99 15th Sep 18, 11:54 PM
    • 8,220 Posts
    • 9,688 Thanks
    patman99
    • #8
    • 15th Sep 18, 11:54 PM
    • #8
    • 15th Sep 18, 11:54 PM
    Interesting challenge. Have subscribed just to see how you get on.


    I have thi 1p that the change sorter keeps rejecting so that will be my starting point.
    Never Knowingly Understood.

    Member #1 of 1,000 challenge - 1000/ 1000 (that's 100%)

    3-6 month EF 631.65/3600 (that's 10 days worth)

    Do you/your spouse earn less than 197 p/w ?. Fill-in Form R85 and get your Bank interest Tax free.
    • A Random Man
    • By A Random Man 16th Sep 18, 11:04 PM
    • 301 Posts
    • 1,349 Thanks
    A Random Man
    • #9
    • 16th Sep 18, 11:04 PM
    • #9
    • 16th Sep 18, 11:04 PM
    This looks like a great little challenge, good luck on you're journey
    Make 10 A Day In December 243/229.19 (94.31%)
    Loan Amount Outstanding Including Interest 7750.46
    Matched Betting - 1093.00 | eBay Earnings 227.09 | Quidco Earnings 68.44
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