The Secret Millionaire and Money Management...

Did anyone watch the Secret Millionaire on channel 4 the other day? Really good program.

I think we can all learn from the simple method that the woman millionaire (forget her name now) on the first episode of the series used.

A very simple method of doing a DAILY tally of funds, and working out how much she had to set aside as 'savings' and actually setting it aside in that manner.

Personally I hate doing accounts stuff so do it as infrequently as I can, however the discipline of doing the simple things daily and doing them well helped the woman become worth about fifteen million... it might not be glamorous but it seems fiscal discipline really can make a great difference to how much money your business, and perhaps ultimately you, derive from being your own boss!

Tim

Re : The Secret Millionaire and Money Management

Absolutely - it's a really good program and that was a great tip.

Saving money successfully is less about how much you earn, and much more about doing simple, basic things and doing them right... it's not for nothing that they say if you look after the pennies the pounds will look after themselves.

Chris

Re : The Secret Millionaire and Money Management

Thanks for the input Chris; anyone else watched this?

Also - Dragons Den doesn't seem to be on tonight... has it finished already?

Tim

Re : The Secret Millionaire and Money Management

Will be interesting to see if tonights episode is as emotional as last weeks one - it's some bloke millionaire this week so may not be as outwardly emotional or weepy, we shall see!

Tim

Re : The Secret Millionaire and Money Management

Hi,
I missed it completely, anyone saw last nights?? What was the outcome and any new tips?

Dikisa
http://www.eliteaccounts.co.uk
07930 389351
020 8911 6170
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Dikisa Pamneja, MAAT Affordable Accountant http://www.eliteaccounts.co.uk 0800 822 3166 07930 389 351

Re : The Secret Millionaire and Money Management

It was again this week after an unpromising start - some bloke who had a 'tough upbringing but made good' went back to where he came from, and some derelict area where all the houses were being knocked down.

He ended up investing in some financially but more importantly it seemed offering free services and expertise worth a lot more... another interesting program.

Good series.

Chris