Monday, April 28, 2008

The Rich List

My husband insisted on buying The Sunday Times yesterday so he could take a look at the rich list. I asked him if he would like to be on there and he said there is no way that he could as I do not take enough financial risks and you have to be a risk taker to be rich. I explained to him that at the moment we need the money we are earning to live off so we do not have available money to 'gamble with'. He realised what I was saying was true and I explained that once we have some 'spare' then I will take more risks.


justin mcroy said...

I was surfing for how to make a million and found your site.

I must say that I think you are doing a great job and I wish you all the luck in the world!

I was given a book called the Richest Man in Babylon last year it was a gift from my farther who is quite a successful business man.

I thought it wise to listen to his advice and read the book as I would never seem to have any spare cash. Each week I would bring home around £300 and 2-3days later it was gone. By the time bills, food and petrol were paid for there was not much left for anything else.

The Richest Man in Babylon is 10 ways to cure a lean purse as used in the old times by the people of the richest city on earth.

The book is quite old and written by George. S .Clason, now I’m not the kind of person who would normally pick up a book like this, but as my father had made a point I thought I would give it a go.

After reading the book I started saving and investing 10% of my income each week which was a small sum of £30.00 as the guide lines suggested, that was on Aug 17th 2007.

I managed to save the £30.00 from not buying stupid things each week that were not essential to my life and buying from different supermarkets I didn’t find that to hard to do and the impact on my life was minimum.

Each week I would see my funds grow
Like a little pot of treasure for me and my family, later on in life.

I made my first £30.00 work for me and invested it in some toys to sell on eBay which brought back almost double, I was quite lucky to find a market for what I was selling.

Each week I would invest my treasure and add another £30.00 10% of what I earn. My return would be high some weeks not so high, each week making my treasure grow.

8 Months later and I still add £30.00 to my treasure has grown to over £9000 and each day gets bigger
which from reading a book that no more than 250 pages with big print and a bit of drive I have managed to turn £30.00 into over £280 a week return and growing.

I just though I would share this little gem with you, you might have already read it but if not I’m sure you will find its 10 cures of a lean purse helpful in your quest.


From as little as £0.50 - £3.50

Best of Luck & Best Regards

Rachel said...

Thank you Justin. I have read this book and try to save more than 10% of my income and it is working really well for me at the moment.