99

Today a major client paid for some long-term work and another very good client who moved to another university contacted my company from there, suggesting that his department make use of my services. This is very good, as the work from him was relatively less demanding. Plus, he has good funding from sponsors (always important in research) which as far as I am concerned means no slow-pay issues with him or anyone associated with him.

So today was a good deal all around, and the big deposit was enough for me to begin the countdown with some certainty even considering a big market decline (which I feel is a little overdue). So, I am hedged somewhat against that.

Next up is the end of the month stuff in about 10 days — I really never know what’s coming in as those who pay me do so at different and unpredictable times throughout the month. Plus, my investments are up and down so I still don’t know if I can take it down more.

Finally, I am very conservative in my estimates! Each number represents 1% from where I started but adding a strong measure of certainty given currency fluctuations, client burn, major market declines, and tax surprises. As I buy property and other things that hold their value better than paper currency (which I don’t like and don’t have much of), I find that governments of all sorts want their cut.

Status Update

November 11, 2011

100

Another big client paid today – and early too. That’s rare. However, the number is going to remain at 100 for now given the volatility in stocks and because I have some year-end spending coming up. It’s not much but it keeps that number where it started. I have a massive infusion coming in about a week that should begin that number on its downward march, at least some.

Edit: I’ve decided to bold the number when it changes.

Update

November 7, 2011

100

A major client paid today, but the number remains at 100.

Status update

November 4, 2011

100

I don’t really like what I do.

But, it will make me a million dollars. Eventually.

Without going into much detail, here are the details: I live abroad (I am from the USA), where I have a small online business serving the research community. The pay ranges from fair to unreal, depending on the task at hand. I run everything from my home office, which is located in a small apartment that I own. I am very busy, and I save well more than 90% of my income.

This country is a bland and not very appealing place to live. It is polluted, crowded, and expensive, with all three right here where I live. However, I can’t leave because the nature of my work requires me to meet with people here in order to offset client burn (to replace clients who simply disappear or who move on and no longer need my service). I do this about twice a month.

This blog will chronicle my advance to one million dollars. I have different things that go into that number (like this apartment, and other things that constitute my net worth), but I’ll update this blog with changes in my status in the form of a new post and an update to this number: “100” is today’s number and it will inevitably decline as I get closer to a true million-dollar net worth. The formula that determines how that number goes down isn’t straightforward but when it hits zero I will have unequivocally made it.

When I hit my goal, plus a little over to buy a ticket back to the US, this blog will end and I will slip comfortably into obscurity, and freedom.

I work hard and save a ton of money. However, unseen forces are slowing me down as I approach seven figures, like matter expanding as it approaches the speed of light. Will I make it? Who knows, but if I do, I am free. $1m is enough for a single guy without debt or kids to live a quiet, simple and free life in the USA. I am only in my mid-40s.