Torygraph: House slide worst since Great Depression,

dannyboycey

Dithering_Dad wrote: »

Hand on heart Carol, I can honestly say that within my circle of friends no one is living beyond their means.

I've met thousands of people either through business or on a social level and can count on one hand, those who operate well within their means whether they be a factory worker on 18k or a millionaire. I guess I'm mixing with the wrong people!

dhassen

what would the headline in the guardian be?

Dithering_Dad

dannyboycey wrote: »

I've met thousands of people either through business or on a social level and can count on one hand, those who operate well within their means whether they be a factory worker on 18k or a millionaire. I guess I'm mixing with the wrong people!

I've also met losts of people within the work environment - I'm an I.T. contractor so I typically move to a new company every 6 to 9 months. I've no idea how my work colleagues live their lives; perhaps most are outside their means, but I don't ask them how much they're paid, how much they spend or what sort of house/car they have. I'm just not really that interested enough in other people's money to find out.

Do you routinely do a financial census at your place of work?

dannyboycey

Dithering_Dad wrote: »

Do you routinely do a financial census at your place of work?

Yes, I own the place.

WTF?_2

Dithering_Dad wrote: »

I've also met losts of people within the work environment - I'm an I.T. contractor so I typically move to a new company every 6 to 9 months. I've no idea how my work colleagues live their lives; perhaps most are outside their means, but I don't ask them how much they're paid, how much they spend or what sort of house/car they have. I'm just not really that interested enough in other people's money to find out.

Do you routinely do a financial census at your place of work?

At one place where I was working a back around the millennium, another contractor (who earned considerably more than me) regularly used to boast about how he was going to be a millionaire in 10 years with his investments (this was just before the dotcom bust :cool:).

A couple of years later he was desperately going around trying to borrow cash after being threatened with bankruptcy by the tax authorities for taxes on earnings he 'forgot' about declaring - and having lost most of his money in duff IT investments and no savings due to a lavish lifestyle, therefore no way to pay them.


Lesson: Income has little bearing on the whether one is living within one's means. This guy should have been set up for life with what he had been earning for 3 or 4 years (a truly huge amount). A bunch of bad financial decisions and inability to manage money left him in a worse position than most minimum-wage earners.....

Dithering_Dad

dannyboycey wrote: »

Yes, I own the place.

Woah, I'm impressed!!

Regarding the financial census; by your reply, am I to assume you insist your current and prospective employees fill out a form detailing their car, home and share ownnership, plus details of their savings and any inheritence they are anticipating (you will obviously already know their income)?

I think if this is the case then you may be in breach of the Data Protection act.

jellybubble

Can anyone tell me what "distressed selling" is?

Ta.

dannyboycey

!!!!!!? wrote: »

Lesson: Income has little bearing on the whether one is living within one's means. This guy should have been set up for life with what he had been earning for 3 or 4 years (a truly huge amount). A bunch of bad financial decisions and inability to manage money left him in a worse position than most minimum-wage earners.....

So true. From the child that's given 50p for an ice lolly and decides he wants the 55p one, to the fat cat who wants his yacht interior finished in canadian oak because the boat next to him only has beech - it affects all walks of life. All products of a capitalist society.

Dithering_Dad

dannyboycey wrote: »

So true. From the child that's given 50p for an ice lolly and decides he wants the 55p one, to the fat cat who wants his yacht interior finished in canadian oak because the boat next to him only has beech - it affects all walks of life. All products of a capitalist society.

Or the man who has to brag on an internet forum that he owns his 'place of work' when mentioning it is completely out of context with the on-going discussion. Terribly sad really, and a sign of insecurity as I'm sure you'll agree?

dannyboycey

Dithering_Dad wrote: »

Or the man who has to brag on an internet forum that he owns his own business. Terribly sad really, and a sign of insecurity as I'm sure you'll agree?

Brag? You asked!!! Not that owning a business is any indicator of wealth or success anyway (sometimes the complete opposite). This 'bickering' is quite pointless.