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MONEY
Jun 8, 2019 4:40:28 GMT
Post by Deleted on Jun 8, 2019 4:40:28 GMT
Does not make ya life better lads ok. big house. flash cars ect. wont make ya life any better . Things just bring problems. better to live a basic humble life but being totaly debt free is the way to be. owing money to anyone is not good place to put yourself..once all debts are removed then you'll live a good life. loaning money to buy flash things like a car is clinical insanity imho..only a fool does that shite. listen to a man that has it all and owes nothing. better to live a humble life easily within your means than to live a life in debt and stressed day in day out. Here i know many pushing 60 years of age with 200k mortgages..wtf is going on there then? what twat does that to themselves aye? ALL DEBTS should be cleared by your 50th birthday at the latest. many here from the outside you would think oh they are rich. WRONG.the house the cars the motorhome are all owned by the bank. most swedes actually own about 500 quids of stuff. tv clothes ect. scary to put yaself in that posisition. most interest only mortgages aswell..ok now but u wait till rates return to normal then it's goodbye house. many also loan say 40k on their mortgages to buy audi's and mercs  amazing the banks allow it |
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MONEY
Jun 8, 2019 8:06:33 GMT
Post by macca on Jun 8, 2019 8:06:33 GMT
“I've been rich and I've been poor, and rich is better.”
― Mae West
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Post by Deleted on Jun 8, 2019 8:27:55 GMT
ofc it's nice to have money...be nice to have a lot aswell ofc...would give most away to animal charities.
i've been skint..we had nothing as kids..and ofc it's nicer to be rich..
just dont expect THINGS to make your life better..they wont do that
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Post by macca on Jun 8, 2019 8:50:33 GMT
When I was dead broke I still used to buy one album every week as my 'reward' even though I couldn't afford it. Owed thousands on the credit card.
Went into a sales job and spent 4 months doing nothing but work and sleep. One Sunday I took a look at my bank statement, could not believe my eyes. Paid off all my debt and went into the big HMV up town. For the first time ever in my life I could buy anything and everything I wanted (for cash ofc). Spent about £300 on records in one go. That was when £300 was a lot of money.
But it was still a sort of empty experience. Did not make me happy the way I thought it would. Never done it again even though I still could.
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MONEY
Jun 8, 2019 8:59:26 GMT
Post by macca on Jun 8, 2019 8:59:26 GMT
Did have some great holidays though. That was what made me appreciate having money, rather than being able to buy 'stuff'. Getting to go to all those places I thought I would never see except on the telly. Two weeks in Las Vegas every year, driving about in a top of the range Cadillac Coupe De Ville. Breakfast every day at Ceaser's Palace. Tea every night at Binion's Steakhouse, then go down to the card tables and roll the drunks. That was living! You couldn't do that without money and I wouldn't have missed it for the world.
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Bigman80
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The HiFi Bear/Audioaddicts/Bigbottle Owner
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MONEY
Jun 8, 2019 10:17:38 GMT
Post by Bigman80 on Jun 8, 2019 10:17:38 GMT
ofc it's nice to have money...be nice to have a lot aswell ofc...would give most away to animal charities. i've been skint..we had nothing as kids..and ofc it's nicer to be rich.. just dont expect THINGS to make your life better..they wont do that Animal charities are such a worthy cause. Just seen an ad for World animal protection. Animals chained with only inches of room to move. It was truly horrifying. . The C#nts that do that should be chained next to a time bomb. I’d make an extra donation on top of the money to save the animals if you could get the cruel bastards who hurt animals to suffer a taste of their own medicine, |
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MONEY
Jun 8, 2019 16:00:38 GMT
Post by Deleted on Jun 8, 2019 16:00:38 GMT
I got through some scary times living on one salary with two small children and a mortgage rate that seemed to increase every week. My month's salary would be just sufficient to pay off the accumulated overdraft. I had some sleepless nights, doing endless, pointless sums in my head, calculating at which point it would all fall apart and we'd have the bailliffs in. It all worked out OK in the end, though I'm still not sure exactly how.
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MONEY
Jun 9, 2019 5:08:47 GMT
Post by Deleted on Jun 9, 2019 5:08:47 GMT
we get paid the 25th..very few bills this month..looking like 4 grand is going direct into the savings account. will have over 20k by next month  pushing 40 grand by xmas i rekon..ffs our savings account grows mega quick with no 1.5k a month mortgage payment. i could even retire today if i wanted. NO WAY ON EARTH I COULD LIVE OFF THE BACK OF MY WIFE..real men take care of their familes |
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MONEY
Jun 9, 2019 10:18:59 GMT
Post by macca on Jun 9, 2019 10:18:59 GMT
I got through some scary times living on one salary with two small children and a mortgage rate that seemed to increase every week. My month's salary would be just sufficient to pay off the accumulated overdraft. I had some sleepless nights, doing endless, pointless sums in my head, calculating at which point it would all fall apart and we'd have the bailliffs in. It all worked out OK in the end, though I'm still not sure exactly how. Interest rates went back down again? That was what got me about the 2008 banking crash, net result was that interest rates went down to nothing. I was about £80 a month better off because of that but some people I knew were £500 better off. Everyone got a break there but its seen as some bad thing. Now you've got people moaning that houses are too expensive for the youngsters. Yes, they are in some places but no matter where you buy the vig now is like 2 percent, when I bought 20 years ago it was 8 percent. Okay so they have to find a bigger deposit but the monthly repayments - which is the tough part - are lots lower than what they would have been. Never had it so good. So they can't afford a house in London? Don't live in fucking London then! |
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MONEY
Jun 9, 2019 10:56:22 GMT
Post by Deleted on Jun 9, 2019 10:56:22 GMT
I got through some scary times living on one salary with two small children and a mortgage rate that seemed to increase every week. My month's salary would be just sufficient to pay off the accumulated overdraft. I had some sleepless nights, doing endless, pointless sums in my head, calculating at which point it would all fall apart and we'd have the bailliffs in. It all worked out OK in the end, though I'm still not sure exactly how. Interest rates went back down again? They did, eventually. They hit their peak around 1989/90, just after our second daughter was born, when they reached 15%. By 2008 the mortgage was more or less paid off. My wife went back to work in 1992, part-time at first, then almost full-time, and that made a huge difference. The other thing now is that you can fix your mortgage rate for several years ahead. Fixed-rate deals were hard to come by when we first bought a flat in the early '80s. |
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MONEY
Jun 9, 2019 11:13:55 GMT
Post by macca on Jun 9, 2019 11:13:55 GMT
I had a fixed rate for first 7 years. £200 a month I was paying and I was only taking home £800. 7.5% interest rate. But I recalled when interest rates went silly so I figured I'd hedge my bets. If they had gone up to 15% again I'd have been living on bread and water. Wasn't far off doing that anyway! I remember I couldn't afford premium beer, had to drink that cheapo stuff in the yellow cans.
I came off the fixed rate just as interest rates started to go down, then we had 2008 crash. But by that time I was earning more anyway. Best thing for helping paying off a mortgage is inflation. Pay goes up, mortgage debt stays the same. That's why all those people who got mortgages in the 1960s made out like bandits when the 1970s and high inflation came along. It's an ill wind etc.
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Deleted
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Post by Deleted on Jun 9, 2019 15:59:46 GMT
Mr. Krabs - I Like Money!
S.
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Deleted
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MONEY
Jun 9, 2019 17:38:40 GMT
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Post by Deleted on Jun 9, 2019 17:38:40 GMT
Thing is, despite what they claim, very few outside of the boardroom have had a decent pay rise since 2008, I’d like to see wage inflation if you exclude anyone on more than 100k
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MONEY
Jun 9, 2019 20:31:56 GMT
Post by macca on Jun 9, 2019 20:31:56 GMT
True, I had 10% about 5 years ago but since then just cost of living.
I worked at one place and they were having trouble keeping staff and recruiting new ones to replace those leaving. So they gave everyone a massive pay rise to try and retain them. I got 25%! And I had no intention of leaving anyway as the works was just down the road from my house so really convenient. Knock off a at six and you're back in the house for ten past.
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MONEY
Jun 10, 2019 5:08:52 GMT
Post by antonio on Jun 10, 2019 5:08:52 GMT
Interest rates went back down again? They did, eventually. They hit their peak around 1989/90, just after our second daughter was born, when they reached 15%. By 2008 the mortgage was more or less paid off. My wife went back to work in 1992, part-time at first, then almost full-time, and that made a huge difference. The other thing now is that you can fix your mortgage rate for several years ahead. Fixed-rate deals were hard to come by when we first bought a flat in the early '80s. The 2008 banking crash did for me, retired in 2007, sold up, invested my money and moved abroad. Lost 55% over 5 years. |
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MONEY
Jun 10, 2019 6:29:49 GMT
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Post by Deleted on Jun 10, 2019 6:29:49 GMT
True, I had 10% about 5 years ago but since then just cost of living. I worked at one place and they were having trouble keeping staff and recruiting new ones to replace those leaving. So they gave everyone a massive pay rise to try and retain them. I got 25%! And I had no intention of leaving anyway as the works was just down the road from my house so really convenient. Knock off a at six and you're back in the house for ten past. Cost of living rises? I remember those. Rare outside unionised workplaces these days I reckon. |
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MONEY
Jun 10, 2019 8:00:07 GMT
Post by macca on Jun 10, 2019 8:00:07 GMT
Never worked anywhere unionized and always had at least a cost of living. Except one place where you never got a rise unless you asked for one. But if you asked you usually got it.
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Deleted
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MONEY
Jun 10, 2019 8:17:14 GMT
Post by Deleted on Jun 10, 2019 8:17:14 GMT
Perhaps I need to move.....  |
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MONEY
Jul 18, 2019 3:00:14 GMT
Post by Deleted on Jul 18, 2019 3:00:14 GMT
jesus we pulled in between us around 12 grand this month.
about 8k after tax lol..and we owe nobody a penny...insane being filthy rich it is..still bored most of the time though..done with hifi years ago zero interest in it..got 5 tv's 19 computers. 2 new cars. 5 motorbikes.
holidays i would love to spend some of our cash on..problem is the dogs..no way the wife will have em in nursery..so no holidays.
i could give up work if i wanted..no life that sitting doing F#ck all each day..
i suppose having all this cash coming in is good..there comes a time when there is nothing more to buy..we are there really..marie's salary is just get bigger and bigger each year..specialist nurses are very hard to find..they have to pay these wages otherwise they F#ck off and work in norway and earn a fortune.
one good thing of our good fortune is the ability to help matthew and douglas..both have their lives ahead of them so being able to give them both money is awesome..matthew has over 1000 quid in his account lol.
as i said before money dont make u happy in any way..it just makes ya life way less stressful
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MONEY
Jul 18, 2019 5:18:28 GMT
Post by antonio on Jul 18, 2019 5:18:28 GMT
Your last statement is certainly true, I don't need millions but I would say no to winning £500k.
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Deleted
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MONEY
Jul 18, 2019 5:36:47 GMT
via mobile
Post by Deleted on Jul 18, 2019 5:36:47 GMT
Your last statement is certainly true, I don't need millions but I would say no to winning £500k. I always wanted to win 2 Million - 1 to spend and 1 to save. 1 is nowhere near enough to live like a millionaire these days, you need 5 or 10. What I would like is enough to give my friends and family a good chunk each then have as much income as I do now to give up work and enjoy the free time. With interest rates on the floor i suspect that’s a tidy sum since it would have to last 30+ years I’d hope (by then I’d by mid 70s so slowing down I expect) |
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MONEY
Jul 18, 2019 8:32:58 GMT
Post by antonio on Jul 18, 2019 8:32:58 GMT
I guess it depends on 'how old you are' and 'how large your family is'. I really don't want to live like a millionaire, although you probably do need 5-10 million to live like one these days.
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Deleted
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MONEY
Jul 18, 2019 8:59:19 GMT
Post by Deleted on Jul 18, 2019 8:59:19 GMT
million quid today is peanuts..
u need 5 million to be able to give up work and never have to worry again
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Deleted
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Post by Deleted on Jul 18, 2019 9:31:06 GMT
There's so many variables involved (such as: Do you have an occupational pension? Any dependents? Any debts? Any 'rainy day' savings?) that it's impossible to put a number on 'how much money do you need?' Our irreducible outgoings (Council Tax, gas & electricity, water rates, insurance, food) are such that we could get by on about £10,000 a year, which is about the same as our combined State pensions will be when we qualify for them. We won't need much more than that to live comfortably, especially if we chose to downsize to a smaller house, as that would reduce our outgoings as well as providing a large increase in our capital.
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MONEY
Jul 18, 2019 9:41:23 GMT
Post by Deleted on Jul 18, 2019 9:41:23 GMT
uk pensions are a disgrace
here if u have worked non stop for 50 years as a carpenter you'll have about 1800 quid a month..the wife the same if she has worked all her life..
the more you have earned in your life the bigger pension you will get aswell..i know pensioners on 3k a month state pension..even more.
i will be getting about 1k a month after 25 years service.plus 75 percent uk pension
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Bigman80
Grandmaster
The HiFi Bear/Audioaddicts/Bigbottle Owner
Posts: 16,406
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MONEY
Jul 18, 2019 9:43:57 GMT
Post by Bigman80 on Jul 18, 2019 9:43:57 GMT
I’d never sacrifice free time for money that I will never spend. The only things we ever own are our time ad the love we give and receive. The rest is just on loan until we are dust.
I agree that it’s more complex than a single figure and all the circumstances mentioned above are relevant. That said, I do agree that £10k a year is enough for a couple to live on with a few treats, as long as there are no complicating factors. The rest is window dressing.
Everybody’s different though. It applies as much to life as it does to hifi tastes, so I’m a live and let live guy.
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Deleted
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MONEY
Jul 18, 2019 10:03:39 GMT
Post by Deleted on Jul 18, 2019 10:03:39 GMT
I'm becoming less of a 'things' person as I get older, and my wife has always been even more frugal than me. We own one TV (that we got for free), one PC (that we also got for free), one laptop, one car. We do spend money on holidays (no pets any more, and we've only ever had cats, who need less attention than dogs), but nothing exotic, mainly in Italy and Greece.
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MONEY
Jul 18, 2019 11:19:05 GMT
Post by macca on Jul 18, 2019 11:19:05 GMT
I need £8k a year to live on. With a million quid I could retire in absolute luxury but then I don't have the need to spend money on ponds, Camaros or any other tat.
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MONEY
Jul 18, 2019 12:04:57 GMT
Post by karma67 on Jul 18, 2019 12:04:57 GMT
I need £8k a year to live on. With a million quid I could retire in absolute luxury but then I don't have the need to spend money on ponds, Camaros or any other tat. well said mate,and as we have seen having money certainly doesn't buy taste! |
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MONEY
Jul 18, 2019 12:35:08 GMT
Post by Deleted on Jul 18, 2019 12:35:08 GMT
I need £8k a year to live on. With a million quid I could retire in absolute luxury but then I don't have the need to spend money on ponds, Camaros or any other tat. well said mate,and as we have seen having money certainly doesn't buy taste! piccies of ya house and cars please.. lets see how a tastefull man lives..no excuse as everyone has a camera today...asap please. house pictures inside and out garden pictures cars and motorbike pictures...easy to critisise from the safety of a keyboard...i bet u live in squalor lol..put money on it |
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