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Welcome to the $1,000,000 blog.

My name is Dan and I am going to raise my net worth from practically zero to one million dollars. This is where I write about how I make, save and invest my money.


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The Million Dollar Blog is no longer active. All posts about my attempt to make a million dollars will appear on my new website: dmossop.zeeblo.com. Please update your bookmarks. Thanks.
 

Short-term financial goal

I've decided on the following short term goal.

By April 2006 (when I'm due to finish my Ph.D.), I want to have saved $5000 of my scholarship income (my main source of income). At the moment I have just over $1000, leaving me with $4000 to save in about 32 weeks. This means I need to average $125 per week. To achieve this I have to come in at $15 under budget on average per week. As my last post indicates, I've been doing this so far.

This should hopefully be relatively easy to achieve. If I carry on my current circumstances, I think I would do it comfortably. However, I will be moving out of halls of residence in December which should save me something like $30 extra per week. I actually don't think saving $6000 is out of the question. But I'll stick with aiming for $5000 as something unexpected will probably crop up.

Comments:
teach me how to increase my net worth!!!!
 
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