The Beginning

From Debt to Wealth in 2008 – Online!
The Million Dollar Blog

The Starting Point

I am in the UK so talk in £GBP however as $USD is the language of the internet I try to think in dollars. For the purposes of this blog I will take it that $2 = £1 which is close enough.

Where I am now – 1st January 2008
Joint debts with my SO (significant other) £125,000 ($250,000) – 4 children, living in a rented house with no assets. SO earns enough each month to pay essential living expenses except for £600 ($1200) which coincidentally is precisely the amount I am making online each month as at December 2007.

Where I intend to be – 31st December 2008
All debts either fully paid off or negotiated out of by 1st July and 1 Million Dollars (£500,000) in the bank by 31st December.

A Huge Goal but 3 things I have make it achievable I believe –
1. Virtually unlimited time – this is my full-time job for the year
2. Every penny I make (over and above the existing $1,200 per month) will be used to create more money – I will not spend a penny of it.
3. Persistence & Determination – I will not quit!

This blog is to be my diary to keep track of how I get on this year, read it or not as you wish.