tag:blogger.com,1999:blog-151636032011-12-15T13:51:49.973+11:00My personal journey. $3,670 saved so far.Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.comBlogger521100tag:blogger.com,1999:blog-15163603.post-1127880489776599032005-09-28T13:41:00.000+10:002005-10-04T14:19:23.026+10:00

Thanks to everyone who has supported the Million Dollar Blog. I'm still going to be writing my about my progress towards a million dollars at my new website: dmossop.zeeblo.com (please note that this is different to the address previously posted). I've also decided to expand the range of topics that I write about. I will still be writing a lot about personal finance, but added to that will be

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com19tag:blogger.com,1999:blog-15163603.post-1126395937444617892005-09-11T09:25:00.000+10:002005-09-11T09:45:37.450+10:00

The posting may be a bit thin for the next week or two. The reason for this is that I'm moving the Million Dollar Blog to a new domain (one that runs wordpress). I'll be sticking most of my posts up there for the time being. You can check it out at: The NEW Million Dollar Blog. Please note that it is currently undergoing construction and a) looks crap and b) doesn't work brilliantly. That will

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com2tag:blogger.com,1999:blog-15163603.post-1126394692918925282005-09-11T09:24:00.000+10:002005-09-11T09:24:52.923+10:00

Thanks to Shane for this little gem. The Million Dollar Homepage is selling pixels on a 1,000 by 1,000 pixel homepage. At $1 per pixel, you can choose an image (and link) to be uploaded onto the page. If all the pixels are sold, the site will make one million dollars! But surely no one would buy into something like that? Not true. In the two weeks since it has been live the site has already sold

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com2tag:blogger.com,1999:blog-15163603.post-1125971524211463992005-09-06T11:30:00.000+10:002005-09-06T11:52:04.223+10:00

Dandyna asks me to teach her how to increase her net worth. So here is my guide to the basics of increasing your net worth. What is net worth? Basically it is the value of a person (or company), and can be figured out by subtracting liabilities from assets. If you sold all your assets and repaid all your liabilities your net worth would be the amount you had left over.As an example, suppose you

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com2tag:blogger.com,1999:blog-15163603.post-1125917124188865062005-09-05T20:35:00.000+10:002005-09-05T20:45:24.190+10:00

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

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com1tag:blogger.com,1999:blog-15163603.post-1125916517532541342005-09-05T20:28:00.000+10:002005-09-05T20:35:17.536+10:00

As usual, I'll take a quick mid-week look at my budget.It's been quite a busy week, so I'm nowhere near the $90 saving I had two weeks ago. Instead I'm currently sitting at $35 under budget. I think I can probably stick it out and finish the week at this level. That will make this a pretty typical week, savings-wise. The fact that I'm consistently hitting this level is good. I would be happy with

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com0tag:blogger.com,1999:blog-15163603.post-1125648879223325252005-09-02T18:11:00.000+10:002005-09-02T18:14:39.600+10:00

It's been a really nice day today. Because of that we went to buy smoothies. There was a big sign outside the juice bar saying it was open, but when we actually went up to the counter they told us it was closed. So I saved a bit of money today... despite my best efforts not to!

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com2tag:blogger.com,1999:blog-15163603.post-1125552188007053572005-09-01T15:18:00.000+10:002005-09-01T15:23:08.006+10:00

I noticed recently that the adsense ads on my homepage are sometimes targeted towards older posts which have disappeared from the homepage. If this is happening to you, here's what you can do to solve the problem.I've just incorporated the adsense fix on my homepage, but it may take a few weeks to kick in (as I have to wait until I'm next indexed by Google.

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com2tag:blogger.com,1999:blog-15163603.post-1125543124866104542005-09-01T12:41:00.000+10:002005-09-01T12:52:04.870+10:00

Every two weeks I will be updating my net worth. When it hits a million, it's party time! Two weeks ago I was on $676. If I stick to my budget my net worth will increase by about $220 per fortnight. However, I managed to come in significantly under in the last two weeks. As a result I saved an extra $129 giving me a new net worth of $1025! I am now over 1/1000th of the way there! If I carry on at

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com2tag:blogger.com,1999:blog-15163603.post-1125533178684363102005-09-01T10:02:00.000+10:002005-09-01T10:06:18.686+10:00

Here's a list of things I need to buy, but which I am holding off on to stretch my budget:1) New runners,2) A haircut,3) Printer cartridge.I'll add more as I think of them. While I'd like to buy these things, I think I can hold off on them all for at least another week. The printer cartridge is going to be hard to do without, however, as I need to print stuff out fairly regularly.

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com4tag:blogger.com,1999:blog-15163603.post-1125532954104863382005-09-01T09:50:00.000+10:002005-09-01T10:02:34.110+10:00

As predicted, I ended the week with $35 left. I'll be recalculating my net worth later today when I can get to the bank. I'll post it this afternoon. I don't think I'll have hit a million yet, however!

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com0tag:blogger.com,1999:blog-15163603.post-1125476330051573552005-08-31T18:16:00.000+10:002005-08-31T18:18:50.060+10:00

My biggest expense is rent, with my university tuition fees coming in a close second. What's yours? Mortgage? Shoes? Nb: I'll write a proper post shortly...

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com4tag:blogger.com,1999:blog-15163603.post-1125354568451821782005-08-30T08:20:00.000+10:002005-08-30T08:29:28.456+10:00

Okay, so I've got today and tomorrow left in my budget week. It's not exactly midweek, but here's my weekly pep-talk.It's been a pretty big week. In particular, I've had quite a few nights out, meetings to attend, phone credit to buy, etc. The result of course is that I've spent quite a bit. I currently have $35 left from my $120 budget. However, I don't feel like I've had a bad week. Throughout

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com0tag:blogger.com,1999:blog-15163603.post-1125216217065107632005-08-28T17:56:00.000+10:002005-08-28T18:30:09.540+10:00

BlogAds are running a logo design competition. The winning design earns its creator $1000. I'd do it, but I'm pretty much useless when it comes to design! This might be one for you Meeyotch.If anyone reading this does decide to enter, please quote me as your referer - when you win the $1000, they'll also give me $300.Update: I've just noticed that the competition is for US residents only.

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com4tag:blogger.com,1999:blog-15163603.post-1125203312800408342005-08-28T14:12:00.000+10:002005-08-28T14:34:22.556+10:00

Thanks to Meeyotch over at Blogtending for creating this excellent banner for me (love the pun!). I won it in his weekly competition (here's the question I answered). Meeyotch posts a new question every Wednesday. So be sure to stop by and have a stab at the next one. Be sure to look out for (and click on!) this banner on the various blog traffic exchanges. Thanks again Meeyotch!

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com2tag:blogger.com,1999:blog-15163603.post-1125116503967706412005-08-27T14:10:00.000+10:002005-08-27T14:21:43.973+10:00

Here's a quick and easy way to save money, which can be applied in many situations.Whenever you are about to buy something, think what you would do if that item was not available. Would you:a) buy a equally or more expensive alternative,b) buy a cheaper alternative, orc) do without. If you would do a) then just buy the item you intended to buy. If it is b) or c) then act as though the item was

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com3tag:blogger.com,1999:blog-15163603.post-1125042112466930992005-08-26T17:22:00.000+10:002005-08-26T17:41:52.470+10:00

After re-reading some of my earlier posts, I've realised that the way I've been managing my money is a bit complex. I've decided to simplify it. The total amount of money available to me at any time can be thought of as a single lump sum. I've decided to simply split this lump sum into two parts. One part is the money I have allocated for expenses I know are coming up. The other part is my net

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com1tag:blogger.com,1999:blog-15163603.post-1125040862110353662005-08-26T16:58:00.000+10:002005-08-26T17:21:02.116+10:00

I finished the week $90 under my budget of $130. So I'm pleased with that! I don't think this coming week is going to be quite the same success as I have quite a lot happening. However, I should be able to keep under budget (which I've reduced to $120 per week).

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com2tag:blogger.com,1999:blog-15163603.post-1124858376874498602005-08-24T14:34:00.000+10:002005-08-24T14:39:36.876+10:00

My hopes of ending the week with $100 have been dashed. I was forgetting that I had agreed to go out for dinner with my girlfriend and some of our friends. We went to the Mexican restaurant where she works. It was half price night, and it was really good, So I don't feel too bad. And I think I'm going to end the week with about $90 left, which is still my best yet (and at only $40 spent, even

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com9tag:blogger.com,1999:blog-15163603.post-1124767931656045982005-08-23T13:28:00.000+10:002005-08-23T13:32:11.656+10:00

I've just activated Blogger's new word verification for comments feature. Now when you add a comment you'll have to type in a word that you see in an image. This is done to prevent automated spam commenting (of which I think I had my first example). It won't stop spammers who manually add comments, however. Sorry for the added effort. Please keep the comments coming - they're what make this blog

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com9tag:blogger.com,1999:blog-15163603.post-1124763752219746482005-08-23T12:12:00.000+10:002005-08-23T12:22:32.220+10:00

Here's a great tip from Damien over at The Burning Question: Try not to touch your wage/weekly money until a day later every week. For example. If you get paid every Friday, open your wage on Saturday on week 1, Sunday on week 2, Monday on week 3 etc etc. Basically making each wage last 8 days rather than 7. After 7 weeks you will have saved an entire week's wages with truthfully, not a lot of

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com2tag:blogger.com,1999:blog-15163603.post-1124761146414506092005-08-23T10:56:00.000+10:002005-08-23T11:39:06.476+10:00

In my last post I mentioned changes I've made to the way I calculate my net worth. Now I'm going to look at making some changes to my budget. My budget has been working well. I've consistently come in under budget (by an average of about $50). I'm going to try reducing the amount of money I have for general expenses by $10 (I could maybe reduce it by more, but I want to take it slowly). I am also

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com0tag:blogger.com,1999:blog-15163603.post-1124758405625743542005-08-23T09:25:00.000+10:002005-08-23T10:56:21.730+10:00

Maria asks: When will you let the readers know about your total savings+interests?In a previous post I calculated my net worth as $3670. However, I think it's about time to do an update (and place the total somewhere obvious on the main page of this site). I currently have:$2840 in my savings account,$1185 in my current account,$107 left in this week's allowance (yup, I didn't spend anything

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com4tag:blogger.com,1999:blog-15163603.post-1124705386889770412005-08-22T19:59:00.000+10:002005-08-22T20:09:46.893+10:00

My budget week runs from Thursday to Wednesday. Each week I've been posting a sort of mid-week pep talk. I find this helps to keep my budget on track. I think Monday is the best time for me to post these pep talks, since we often go out on Monday nights and hence this is when my budget can take a bit of a beating. I've done well so far this week. Of my $130 budget, I have $107 left. This is

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com6tag:blogger.com,1999:blog-15163603.post-1124697050035426532005-08-22T17:40:00.000+10:002005-08-22T17:50:50.040+10:00

Here's a quick tip on how to save some money if you use a pay-as-you-go mobile phone.I had a missed call on my mobile this morning, from one of my friends in Halls. Normally I'd just have called her back using my mobile, or at least sent an SMS. However, I ran out of credit a few days ago, so I couldn't. I was forced to try and call her using the internal phone network here. I had no guarantee of

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com2tag:blogger.com,1999:blog-15163603.post-1124505162435274532005-08-20T12:22:00.000+10:002005-08-20T12:32:42.440+10:00

I'm currently looking for a host for a new site I am working on. I've found suitable paid services. In the spirit of this blog, though, I'd like to try and do it as cheaply as possible. Ideally I'd like to start on a free service, with the option to upgrade if necessary.I need a free host offering the following:* PHP and MySQL support* At least 100Gb transfer per month, or the option to pay for

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com12tag:blogger.com,1999:blog-15163603.post-1124501967407228532005-08-20T11:23:00.000+10:002005-08-20T11:39:27.410+10:00

My main aim in saving is to eventually achieve financial independence. It is one of my major life goals, but not the only one. For instance, I also want to enjoy life now. What I am trying to do is save significant amounts of money without sacrificing my current lifestyle.If, for example, I am invited out for a meal at a restaurant, I won't turn it down to save money. Instead I will go and try to

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com0tag:blogger.com,1999:blog-15163603.post-1124321888377118442005-08-18T09:29:00.000+10:002005-08-18T09:38:08.380+10:00

My last post was about making things last that little bit longer. I claimed that this would add up to big savings over time. But just how big?I have read that the average amount earned by a university graduate over the course of their lifetime is about $2 million. This works out to about $66,666 per year. If you manage to save an average of just 1% on everything you spend, you will save $666 per

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com3tag:blogger.com,1999:blog-15163603.post-1124277730161071192005-08-17T21:11:00.000+10:002005-08-17T21:24:08.883+10:00

One way to save money on things it to make them last that little bit longer. For instance, with shampoo, I used to just squirt some random amount into my hand and then use that. I've got short hair and really don't need much at all. Sometimes the amount I would squeeze out would be three times more than I actually needed. Just by paying attention to how much I use, I reckon I can save about 50%

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com4tag:blogger.com,1999:blog-15163603.post-1124180749010970192005-08-16T18:12:00.000+10:002005-08-16T18:25:49.016+10:00

Last week I posted midway through my budget week, giving myself a bit of a pep talk. This helped keep me on target and avoid spending any more. I want to do the same again this week, although I feel I may be a bit too late as the week is almost up. Still, it may help.This week has been quite a busy one - I've had 2 drinking nights and a trip to the cinema. I managed to keep my alcohol spending

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com2tag:blogger.com,1999:blog-15163603.post-1124088779460414612005-08-15T16:40:00.000+10:002005-08-15T17:02:46.936+10:00

Thanks to supermom for pointing out a book called "The Complete Tightwad Gazette". I haven't read it personally, but I checked it out on Amazon and it's had some good reviews. It is a compilation of newsletters written about ways to save money (a la my razor blade in olive oil tip). Amazon also lets you read the introduction online.Does anyone else have any recommendations for books on how to

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com0tag:blogger.com,1999:blog-15163603.post-1123999983095829412005-08-14T16:07:00.000+10:002005-08-14T16:13:03.100+10:00

I've been using Blog Explosion for a while and have found it to be a good method of generating blog traffic. I've also found a number of interesting blogs through it.I thought I'd take a look at some of the competing add exchange programs. One I have just started using is Blog Advance. I've been hearing good things about its support of the blogging community. As it is, it is too early for me to

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com10tag:blogger.com,1999:blog-15163603.post-1123992515540778172005-08-14T13:53:00.000+10:002005-08-14T14:10:34.146+10:00

One of my vices is that I drink lots of beer (I'm Scottish, you see). There are two ways I can save money in this respect. I can either drink less, or I can pay less for it.I've been trying to drink a bit less. I do enjoy drinking, but I'm trying to stop myself from going beyond the point of being 'good drunk'. Most people will understand this. Your first few drinks make you feel good and relaxed

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com5tag:blogger.com,1999:blog-15163603.post-1123928653204900272005-08-13T20:21:00.000+10:002005-08-13T20:24:13.206+10:00

I've been making some changes to the site template. I'll probably make a few more (minor) changes soon.Let me know what you think of it so far...

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com5tag:blogger.com,1999:blog-15163603.post-1123908306886881182005-08-13T11:48:00.000+10:002005-08-13T14:50:36.650+10:00

One of my aims is to identify ways to be smarter with money. I think there are a lot of ways that can save you a bit of money with little or no adverse effects. Here's a couple of examples I've discovered recently.Train tickets:About once a week I have a meeting in the city with a guy I am designing a website for. I take the train as I don't have a car. There is a choice of train tickets; I can

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com8tag:blogger.com,1999:blog-15163603.post-1123816207382531122005-08-12T12:46:00.000+10:002005-08-12T13:10:07.386+10:00

While I think about it, here is another budget tip TIP 8: Stock up on stuff when it's on saleOnly do this with stuff you'd would be going to buy anyway, of course...

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com2tag:blogger.com,1999:blog-15163603.post-1123814619927493072005-08-12T12:38:00.000+10:002005-08-12T13:10:50.203+10:00

I've just completed another week of my budget. In an earlier post I wrote that I expected to come in $60 under budget. In fact I did slightly better - I came in $63 under budget. I had forgotten about the extra three and found it in one of my pockets. I put $50 of the excess into my emergency fund. Another $7 went into savings and $6 into my holiday fund. All in all, a pretty good result for the

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com0tag:blogger.com,1999:blog-15163603.post-1123735794486462302005-08-11T14:38:00.000+10:002005-08-11T14:52:05.413+10:00

In response to the last comment, Flexo writes:Using the $7.18 as a factor for each current $1 won't work since interest is compounded. You're dealaing with exponents, not multiplication. The cost of a CD now will cost you much more in lost opportunity cost than $20 * 7.18. Thanks for the comment Flex. I'm not entirely sure I understand it though. I'll try to better explain how I worked it all out

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com0tag:blogger.com,1999:blog-15163603.post-1123728740883023982005-08-11T12:31:00.000+10:002005-08-11T13:11:51.373+10:00

If you spend a dollar it costs you a dollar right? Not necessarily...It depends on what you would have done with the dollar if you hadn't spent it. Inflation erodes the value of the dollar over time. So in thirty years (at 3% inflation) $2.43 will be needed to buy what you could buy for a dollar today. Hence spending a dollar now costs you less than a dollar in 30 years, if you leave your dollar

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com1tag:blogger.com,1999:blog-15163603.post-1123718123866005312005-08-11T09:37:00.000+10:002005-08-11T09:55:23.870+10:00

Ha ha, I've just been busted. I hadn't told any of my real-world friends about my blog as I was waiting until I fixed up the template and made it look half-decent. But yesterday I posted a comment on Jill and Rusty's blog and accidently posted it using my blogger name - giving a link to this site. Next thing I know, Mel is posting comments on my site and Jill is calling me a blog nerd! Anyway,

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com3tag:blogger.com,1999:blog-15163603.post-1123634871245298612005-08-10T10:25:00.000+10:002005-08-10T10:47:51.260+10:00

Okay, I've remembered. Here are some more of my budget tips.TIP 4: Have a goalDecide exactly why you want to save money. What are you saving for and how much will you need? This way you can see the benefit of your budget. For instance, I am saving up to take a train ride from Melbourne up to Alice Springs and on to Darwin at Christmas time. I know how much I need and know that if I stick to the

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com3tag:blogger.com,1999:blog-15163603.post-1123572719273642462005-08-09T16:01:00.000+10:002005-08-09T17:31:59.286+10:00

Erica's comment on the last post got me thinking about what advice I can offer for creating budgets.I've been testing various budget ideas for a while to find out what works and what doesn't. Here are some of my top tips:TIP 1: Set your budget at a slightly uncomfortable level. If the amount of money your budget allows you to spend is too high, you won't get any benefit. You will just carry

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com4tag:blogger.com,1999:blog-15163603.post-1123557717726448862005-08-09T13:09:00.000+10:002005-08-09T13:21:57.730+10:00

Last week I finished $13 under my budget of $130. This week I'm hoping to do better. My budget week starts on Thursdays and ends on Wednesdays (to coincide with payment of my scholarship). It is already Tuesday and I still have $60 left. Also, I don't actually have anything I need to spend money on for the next two days. So my plan is to hide that $60 in my drawer until Thursday morning. Any

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com1tag:blogger.com,1999:blog-15163603.post-1123553476125550062005-08-09T10:46:00.000+10:002005-08-09T12:11:16.130+10:00

I'm happy to say I've now been accepted on BlogExplosion. And already I'm really pleased with the results.The site was approved sometime last night and by this morning I had received 87 visits. Six of you even took the time to leave me a comment - thank you so much. It is this kind of encouragement that will keep me on track with my goal. I've been checking out each of your blogs. Hopefully you

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com2tag:blogger.com,1999:blog-15163603.post-1123482956352651032005-08-08T16:27:00.000+10:002005-08-08T16:35:56.353+10:00

Further to my previous post about my application to be listed on Blog Explosion, it has occurred to me that the current title of this blog '$1,000,000: The Making of a Millionaire. Join me on the road to riches', may have given the impression that this blog is offering some kind of business opportunity. It isn't. So to avoid the confusion I am going to change the title. I still quite like the

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com2tag:blogger.com,1999:blog-15163603.post-1123482211997574592005-08-08T15:54:00.000+10:002005-08-08T16:23:32.003+10:00

Okay, I don't have all the data I need for this, but I think I can get a pretty close estimate of my current net worth.I currently have:$1,900 in my savings account,$700 in my current account,$90 left in this week's allowance,$130 in my emergency fund tin,$50 in my holiday fund tin,$800 in my savings tin.I currently owe:$37,000 in student loans.This gives me a net worth of -$33,330It's not a

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com1tag:blogger.com,1999:blog-15163603.post-1123466089198034272005-08-08T11:23:00.000+10:002005-08-08T11:55:02.836+10:00

Yesterday I signed up to Blog Explosion. Blog Explosion is a sort of blog traffic exchange. You read the blogs of BE members and in return you blog is read by other members. This is done in a two-to-one ratio; for every two blogs you read, yours will be read once.I signed up this blog and then started reading some blogs while I waited on this one to be validated. Reading randomly chosen blogs was

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com1tag:blogger.com,1999:blog-15163603.post-1123387371027539272005-08-07T11:51:00.000+10:002005-08-07T14:02:51.046+10:00

I'm now going to talk about the creation of my budget. As it stands at the moment, I have a massive $360 per week coming in from a university scholarship. I also have a bit of money coming in from a part-time programming job, but this is basically going to cover my tuition fees, so this budget will ignore both this money and my tuition fees.So I have $360 per week. Of this $130 is immediately

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com1tag:blogger.com,1999:blog-15163603.post-1123377258217751482005-08-07T11:13:00.000+10:002005-08-07T11:14:18.223+10:00

So just why do I want a million dollars? I'd love to say that as soon as I get it I'll rush out and buy ferarris and yachts. But I won't. There is something I want more. My freedom.At the moment I have to work to ensure I have enough money for food, etc. This work places a big commitment on my time. I, like most people, lose about 8 hours per day to work. During this time I'm not free to do as I

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com2tag:blogger.com,1999:blog-15163603.post-1123324664665529802005-08-06T20:31:00.000+10:002005-08-06T20:37:44.666+10:00

As I said in my first post, I'm going to have some amount of advertising support on this site. I don't really expect this to produce a noticeable amount of money, but I'll give it a go, just in case it really is a goldmine. I have already signed up to two programs: Google's adsense and Amazon's associates. I'll add these to the site shortly. Please let me know if you hate them and want them to

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com2tag:blogger.com,1999:blog-15163603.post-1123324253751408812005-08-06T20:22:00.000+10:002005-08-06T20:31:09.380+10:00

Here are some of the first things I have to deal with.As I already mentioned, I want to figure out my net worth. This is going to be how I record my progress. I want to end up with a net worth of A$1,000,000.Basically net worth measures how much of your income is actually yours. You subtract everything you owe from everything you own and that's your net worth. For instance, I currently have a

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com0tag:blogger.com,1999:blog-15163603.post-1123323526852782472005-08-06T19:44:00.000+10:002005-08-06T20:18:46.856+10:00

Hi, my name is Dan, I am 25 years old and I have have setup this blog to track my progress towards one of my major life goals - becoming a millionaire.At the moment that goal is very far away. One of my first steps is going to be to work out my current net worth. I don't have an exact figure at the moment, but thanks to some hefty student loans it is somewhere south of zero. About £15,000

Danhttp://www.blogger.com/profile/13732332972263293737noreply@blogger.com0