As I'd imagine most in this lark do, I always have summat up my sleeve!
Originally Posted by U4EA
Anybody who says they didn't "make it" because they never had the chance, never took a chance.
Originally Posted by EvilMickey
You might not succeed but good on you for trying. Keep us posted with how you get on. If I can be of any help (unlikely) let me know.
Have a plan and stick to it
all i will say is see my sig
however, the house purchase was in 2000 and the last remortgage was in 2007 and i didnt even need to say what my income was let alone prove it (at this point i was working under 10 hours per week and the rest of my income was MB). it was all down to LTV and mine was something like 40%.
i wouldnt like to be starting my house buying process on MB alone in todays market, but thats down to house prices not potential MB profits.
i wont say what we paid for our current home but i do think todays prices are obscene, our house is not worth nearly 200% more than we paid for it but apparently it is.
Originally Posted by Andy
Whether we like it or not, human beings compete with each other for resources in their environments/societies. So the more people with the "can't do" attitude, the better, because it leaves more opportunities for others with the more proactive attitude.
I think you can look at the average person's health as an analogy. If you want to be successful doing your own thing, you have to be better than the rest, maybe in the top 10% of work ethic, dedication, knowledge etc. So lets say you want to be in the top 10% in terms of health. Don't smoke or drink (or abuse your body with other chemicals), and you are immediately above a lot of other people. Eat healthy foods, sleep right, and you are even further up. Take regular exercise and stretch afterwards, you are even further up. Sustain that for a while and you are even further up. Getting into the top 3% of people in terms of health is very easy and everyone knows how to do it. But how many take that chance/opportunity?
Interesting, Bannatyne says he sees an average of about 20 opportunities per day for a new business/income/venture, but he just doesnt have the time to get it done.
I like this quote. It's something I think about to push me on a bit...
"Nothing in this world can take the place of persistence. Talent will not; nothing is more common than unsuccessful people with talent. Genius will not; unrewarded genius is almost a proverb. Education will not; the world is full of educated derelicts. Persistence and determination alone are omnipotent. The slogan "press on" has solved and always will solve the problems of the human race" - Calvin Coolidge
Or, in other words...
"Have a plan and stick to it."
"Pay no attention to what the critics say. No statue has ever been erected to a critic."
I dare say that you can make a living from MBing for a few years. The issue is, thou', whether you will regret doing so in 5 or 10 years time.
Originally Posted by EvilMickey
There are some who, with MBing, arbing, casinos, mugging etc, can make 100K a year tax free. Do that for a few years and you won't need a mortgage. However, you have to wonder what will happen if the offers die away, bookies start to link their odds to each other/exchanges and the "advantage" disappears. You might find yourself with no income and also no work experience where as you might have been accumulating qualifications and experience if you had been working.
Surely this all depends on what the options are. If you can get a job with evident prospects then you would be daft to pass it up. If, however, you're just out of uni' having taken something that isn't going to directly put you into a career, then you might take a year or two out anyway if you could afford it. Give it a couple of years and see how you are doing and what the prospects look like. Use some of that time to travel and you have a fair reason to give to a future employer anyway should you need to.
As far as the mortgage thing is concerned, things are def'ly hard right now. I have a friend who was self empolyed for a few years (nothing to do with MBing) and even though he was putting down about 80% of the equity in his potential house (so L/V was only 20%) nobody would give him a mortgage for less than his anual earninngs. If it's like that for people consulting in hi-tech industries, what it would be like for a match bettor I hesitate to imagine.
I looked into getting a bigger mortgage extensively earlier this year, the conclusion I came to was its not going to happen unless you can bend the rules or do some 'mortgage fraud' or something.
We need a bigger house due to a new arrival coming soon and its a big pain as now we will have to sell our current house and rent a bigger house for a couple of years while I build up enough cash to buy our ideal house. (Mortgage on current house is not all paid off)
So its not ideal at all really but with all the advantages that come from being a full time advantage player I've learnt to take it on the chin. What's the alternative? Get a job?
aww Congrats!When's the big day?
Originally Posted by blowingbubbles
Some people seem to be worried about a break in their CV while they do AP full time. In a way, this is a GOOD time to do this, as any future employer will understand the employment market ATM - especially if you come out of the period with obvious assets.
BTW, Evil, I wouldn't deny being a rent boy and then talk about the bottom line in the same post....