To think I'm meant to be rich and frustrated that I'm not?

[JackBlackintheSack]

Do not to drip feed, I have aspergers which may or may not be adding to the frustration.

But basically I have always had this feeling that I'm going to have a lot of money some day - like that's where I'm meant to be. I have a creative mind but ADHD so have trouble utilising ideas. For years now I have tried to work out the path to money but nothing feels right. I tried writing thinking maybe I'm meant to be an author but I could never finish a book. I started furniture restoration but the profit was peanuts. Christ I even studied the lottery but that wasn't right either as I don't want to be handed the money, I want - and feel like I need to EARN it but how?? My mind is constantly going round with business ideas but to start any of them, I need money from the off.

I'm financially comfortable at the minute, household income of 50k+ but it's not enough to invest without taking a massive risk.

I believe the answer may lay in property development - especially as DH can do pretty much any DIY from electrics, plumbing, kitchens, minor building work etc so our outgoings would be low and profit high but when I looked into buying a second property the deposit needed was around £20k - how the fuck do I scrape £20k together??

I'm becoming so frustrated. There is a voice in my head constantly screaming "there MUST be a way!" But whoever I try to concentrate and come up with something my head goes to mush.

Anyone else ever feel like this??

Um.

Yes. Different to you though in that I know i could be rich but cannot be arsed. It's a very sad waste of talent. But there you go.

I don't know, it's not the glamour or anything - it's more of a creative need. I want to DO something - I don't want to go to work day after day just to survive, I feel like I need something of my own to build up.

I don't even need to be really rich, I just want to be able to start something and know I'll be well off financially for the future which would enable me to start something else. I need to be busy, not busy working but busy building something of my own

Is this a joke? What a sad ambition.

Sounds like you're financially comfortable. Can't you see there's more to life than money?
Concentrate on what you've been blessed with and try to cultivate an attitude of thankfulness and contentment.

Maybe find faith or get an allotment?

You earn plenty, it should be possible. Check out Early Retirement Extreme or Mr Money Mustache.

www.mrmoneymustache.com

Breed rare guinea pigs or take up painting?

Sounds like you need a purpose, not money.

If there was a quick and easy way to get rich (without some highly sought talent!) then don't you think everyone would be doing it?

Household income of 50k, what are you doing for a living now? Or is that mainly your dp?

Frankly, if you can't work your way up in a high paying career (e.g. Law, finance), you don't have a talent that will pay well (football, acting, writing the next Harry Potter series), you aren't from a background where you are likely to inherit millions, you are stuck with winning it (unlikely) or marry it.

Getting rich takes hard work. If you can’t execute (ie finish) ideas you are going to find it difficult. It also takes the ability to take risks and be resilient as most business ideas (nearly 80-90 per cent) fail in the first year. The only advice I can give is to keep going, keep trying, and keep brushing yourself off after failure - eventually something will work!

You need to stop thinking about the end result and start enjoying your life! I agree here; you don't need money, you need a purpose.

You expect to be rich so you tried writing and furniture restoration? I think maybe your expectation is not grounded in reality!

At least your new idea actually has some likelihood of producing money, but it's no different to any other business idea that needs capital to start. So, you want to know how to get 20K? That's kind of easy. Don't spend so much. Most people who make their own fortune are pretty frugal, at least until they become rich. So start living like you earn 30K and put money aside. Watch it grow. Invest it in the best accounts you can and don't spend it. When you have enough to start investing in property, or a business or whatever, invest. Don't spend it on anything that won't make more money and keep living like you earn 30K not 50K. When your investments will start paying back, invest that money too. Eventually, the investments will be stable enough and profitable enough that you can afford to increase your lifestyle, but the moment you do you'll be hitting your potential long-term wealth. So hold off as long as you can and don't take out too much at once. That's how you make money in a capitalist society without extraordinary luck. You'll still need some luck - or at least, to not be unlucky - with this sort of scheme, but it's the way capitalism works - Money makes money and you only have that initial investment if you aren't spending it on living.

Why do you think you have no follow-through? Tell us what went wrong with each project? Is it that you gave up because you didn't think it was worth it?

And whilst you're in the middle of the project do you feel passionate about the project in itself or are you really just thinking about the money?

You might be a Scanner in creative terms. But I'm not sure why the focus on money?

YouTube Martin Lewis speaking at LSE about what it takes to get rich.

FWIW I know some extremely rich high end property developers. They didn't start off buying, they started off doing maintenance for letting firms, working as estate agents or tradesmen. They put in a lot of groundwork.

Agree you need a purpose rather than money.

I think loads of people feel like this but dare not say it aloud as you have.

However the things you describe so far are not money spinners at all so I don't really know what to say to you- white collar crime?!

I understand you OP. However to me you are already rich.
Every Saturday and Wednesday I definitely feel ready to win the lottery, i keep talking about it and I'm ready to just do it!

Is it that you think that if you were magically rich, you could just focus on projects that are interesting and fun, rather than needing them to make a profit to pay the bills?

Forget about scraping together £20k even if it's technically possinle. A second property doesn't make you rich.

I was going to say that I do feel this way. Then I saw you make 50k a year and to me that already is rich so no, OP, I have no sympathy! (Or maybe I'm just easily distracted.)

My ex was like this. Big ideas no application. He's over 60 now and unemployed because he thinks most jobs are beneath him. 50k a year sounds like the sort of money many people dream of.

I think it's actually a very common feeling! It just dies off over the decades for most of us!

I think be "meant to be" means "want to be".

Property development is not the way to riches that Homes Under the Hammer would have you believe. Also, the property market in London is crashing and that normally spreads to the rest of the country pretty quickly - now is really not the time to be investing in property.

50k is pretty rich already

Is that 1 or 2 salaries?

What would you do with the money if you had it?