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The Secret Diaries
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Shona invites you to JOIN CYBERDOSH FREE, but you'll need to be quick, as they have only allocated 500 FREE memberships to share in the trials and tribulations of the gobsmacking 2008 CHALLENGE. How it all began I have been part of the NYK Media 'Cyberdosh' team for some years now and first got involved in their, somewhat, madcap schemes in 1999. At that time, the project had just started publishing monthly newspapers called, 'Now You Know'. Early on in the project, the editor featured a regular column called 'The Scottish Pound'. This was an ongoing 'challenge' to feed a family of 4 for £10 per week. It made interesting reading and opened quite a few eyes to the needless extravagances ill-afforded by many breadline families without their even being aware of them. I, on the other hand, followed the advice and banked the savings faithfully, only slipping up on the occasion of the odd jaunt to the races, a new car, a new mobile phone, a new laptop and several 'inexpensive' little trinkets that I felt were well deserved for my persevering with such domestic financial restraints. The 2006 Cyberdosh Challenge Following on from the above, 'Now You Know' issued a booklet edition, in which I participated in a previous challenge. My mission was to carry out the following financial experiment over the period of one year :-
At the end of the experiment, I had to report my findings and explain why I thought each of the above was, or was not, an ideal 'investment' opportunity. The results were interesting, especially as I got to keep the profits, the shares, the winnings and the Premium Bonds! In March 2007, NYK Media began setting up their publishing arm known as 'Twit Lit'. This will feature strongly in the 2008 Cyberdosh challenge, when I hope to be at the helm, steering my way clear to ride the crest of an online wave of money madness. Sink or swim? To float would be the ultimate success in this sea of entrepreneurial insanity and/or financial wizardry. The
2007 Cyberdosh Challenge To make all things fair, cost of living does NOT include rent / mortgage payment or council tax / water rates, as these costs are dependent on personal circumstances. The basis of the challenge is, live for 12 months on no more than £4000. This may seem ridiculously unrealistic to some but I have accepted the challenge and am almost sure that I am of sane mind. It's a far cry from the original £600 experiment! Once again, my one stipulation was that at the end of this experiment, I keep any surplus stocks, shares, cash, bonds or winnings. On £4000? They thought I was crazy! For ease of understanding, the figures in the monthly plans have been simplified. You may see entries described as reimbursements. These are payments that have been made on Credit Cards when doing joint shopping in order to benefit from better prices. The other people concerned pay this back in full and I benefit from a slightly better accrual of Teco Club points! I also dabble in the stockmarkets with small amounts and penny shares. I'll be reporting my progress here and, in summary, on the Cyberdosh messageboards. This is also where NYK Media logs the Cyberdosh Savers bulletins for their frugally minded visitors. To find out how I am coping with £4000 per year challenge, see the monthly update pages linked from the top of this screen or have a quick look at the annual overview here. Copyright 2007 Shona Prophett. Shona Prophett writes for pleasure, entertainment value and payment only. Nothing within her writing should be taken as financial advice and she removes herself from any responsibility, whatsoever, for anything. This is NOT financial advice, it is simple reading material. |
NYK Media by way of Cyberdosh, to whom I am extremely grateful, is sponsoring this year long financial experiment to the tune of £4000.00 Don't be a wimp - Because if I can do it, then anyone can! Feel free to join this challenge and post your updates on the messageboards - I dare you! MY FAVE LINKS |
