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Having already switched my electricity supplier and mobile phone operator in recent months it was now time to turn my attention to my broadband supplier. This switch was to prove far more difficult and time consuming than the previous two.
Selecting a new provider was easy as O2 were offering me a years free broadband as one of their existing mobile customers. Their offer was perfect as it was four times faster than my current package with Pipex and most importantly for me had no download limits.
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I recently listed another 12 items for sale on eBay to make use of the first positive feedback I had received. Seven of these sold for a total of £47.44, with the majority of this coming from a suit that I sold for £18.
However I have to deduct £15.96 for postage, £3.03 for eBay fees and another £3.03 for PayPal fees. This leaves me with a net profit of £25.42 for 3 hours work, which works out as a disappointing rate of just £8.47 per hour.
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I received another cashback payment from Quidco today, this time for £37 for two bookmakers that I signed up with during my Euro 2008 Betting Challenge.
This brings my total profit from Euro 2008 to £237.41 with hopefully another £25 cashback to come from the two other betting accounts I signed up with during the tournament.
It seems unthinkable but that is exactly what it happening at the moment. In recent times banks have made huge profits by lending irresponsibly to homeowners that had little chance of surviving an economic downturn. Now that we stand on the verge of that economic downturn the banks are asking the government to guarantee the very loans they lent irresponsibly to make themselves billions of pounds in profits.
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When Mick Jagger receives his first state pension payment this month he will be joining 12 million other pensioners as the state pension celebrates its 100th birthday this month.
It’s come a long way in 100 years as the most you could receive back then was 25p, the equivalent of just under £20 now. Today a full pension is worth £90.70 but despite being worth four times more than back in 1908 it wont fund a lavish lifestyle.
Assuming I was to retire today and save every one of my pension payments towards my goal of becoming a millionaire it would take over 119 years to become a millionaire (that is of course assuming the government continued increasing the state pension in line with inflation).
Although life expectancy continues to rise the average pensioner only enjoys 24 years of retirement on a state pension, so it looks like I had better delay my plans for early retirement if I ever want to become a millionaire!
