Winners, Losers, etc

kriss_boy

Its cliched but true that for every loser there has to be a winner.

Those thats sold their properties in 2007 to downsize = Winners. Those that bought those homes = Losers. The recession or rather the house price crash really only shifted wealth in a sense.

So how do we become winners? My girlfriend and I have securish jobs and we are pretty frugal. Haggle our bills, buy second hand whether appropriate and/or online and with cashback websites etc. We make up sandwiches and salads for our lunches at worth rather than spend a few quid a day.

If we do this will we become winners in this mess? We are all fearing high interest rates and inflation but if we all try to weather the storm with good old money saving methods then when others faulter wont we be left standing?

If there is really high inflation and interest rates in years to come then wont house prices and goods get a bit cheaper as there is less demand for them?

boomerangs

Ultimately everyone's a loser as they are paying way, way too much for a basic human need i.e. housing.

PasturesNew

When there is less demand, less are made. Less being made makes the unit price higher.

Goods have never been so cheap as they were recently. You can buy TVs, PCs, washing machines, furniture, clothes, food, booze far cheaper than at any other time in the previous 20 years.

My first mono radio/tape cassette recorder cost me £70 30 years ago and I had to work and save up for it for months to buy it.

My last PC cost me £300, my first one 20 years ago cost me £500... both bottom of the range basic PCs.

Cleaver

kriss_boy wrote: »

Its cliched but true that for every loser there has to be a winner.

Those thats sold their properties in 2007 to downsize = Winners. Those that bought those homes = Losers. The recession or rather the house price crash really only shifted wealth in a sense.

Woah, woah, woah. Slow down Krissy boy. I presume you mean people who have profited economically from something? This doesn't make them 'winners'. It means they have more money.

People who are winners have good health, great friends, an enjoyable life, fantastic family. Nowt to do really with the £ in the bank.

kriss_boy wrote: »

So how do we become winners?

I think by ensuring that your life is happy and that you make the people around you who you care most about happy too.

kriss_boy wrote: »

My girlfriend and I have securish jobs and we are pretty frugal. Haggle our bills, buy second hand whether appropriate and/or online and with cashback websites etc. We make up sandwiches and salads for our lunches at worth rather than spend a few quid a day.

If we do this will we become winners in this mess?

I'm sure it might help a little bit. I think becoming a 'winner' in life has more to do with your outlook, ethos, effort you put in to living and savouring the things that matter in life. Those little moments. Good friends. Good times. That moment with people you care about when you just can't stop laughing and the value of your house is but a distant memory, 1,000,000 miles from your brain. A nice wine. Those moments on holiday when you look in to each other's eyes and realise how lucky you are to have each other and how fu*king brilliant this life is.

Cashback websites are ace, but they're just cashback websites.

I'm feeling hippyish tonight Krissy boy, hope that's okay. I presume you meant in an economical sense and I've gone off at a bit of a tangent?

CLAPTON

No

it isn't a zero sum game

to every winner there is not a loser .. otherwise we would all still be hunter gathers

people exchange goods ... both can be better off.

sell something you don't want on ebay ..some-one buys it and is pleased

most people buy houses to live in and enjoy life, have kids... not to make a profit.

just live your life...

treliac

Cleaver wrote: »

I think by ensuring that your life is happy and that you make the people around you who you care most about happy too.

I'm sure it might help a little bit. I think becoming a 'winner' in life has more to do with your outlook, ethos, effort you put in to living and savouring the things that matter in life. Those little moments. Good friends. Good times.

All true Cleaver. But good times aren't much cop if you're broke and homeless!

I'm feeling hippyish tonight Krissy boy, hope that's okay. I presume you meant in an economical sense and I've gone off at a bit of a tangent?

Nice to know someone's on the happy stuff again. :rotfl:

Cleaver

treliac wrote: »

Nice to know someone's on the happy stuff again. :rotfl:

I have been out tonight, but I drove, so no alcohol has passed these lips!

treliac wrote: »

All true Cleaver. But good times aren't much cop if you're broke and homeless!

That's true, and it's great to be sensible and make sure you have the basics in life right, because many people don't. Kriss sounds like he has his head screwed in a very sensible way and will do just fine, but I'm sure he doesn't need me to tell him that.

Life is like a cake dear Treliac. Getting the sensible stuff right, such as the finances, is like the base of the cake. Necessary, essential, important to get right and completely vital to the cake. Without it there would be no cake. But once this is sorted the fun stuff in life is what you put on the cake: the chocolate topping, the cream, the icing. And what would a cake be like without these toppings?

Sometimes, my dear Trealiac, I just can't help thinking that there are too many people in this world worrying about their cake bases. Have I got slightly too many eggs? Will it rise? Shall I cook it now or tomorrow? Will the world run out of flour? Just get your base sorted and concentrate on the fun stuff. Your base will be fine.

If anyone has any idea what I'm talking about please do let me know.

HAMISH_MCTAVISH

kriss_boy wrote: »

If we do this will we become winners in this mess?

No.

Money savers, hoarders of cash, will be the biggest losers of all.

We are all fearing high interest rates and inflation but if we all try to weather the storm with good old money saving methods then when others faulter wont we be left standing?

Yes. With a wheelbarrow full of worthless paper.

If there is really high inflation and interest rates in years to come then wont house prices and goods get a bit cheaper as there is less demand for them?

No. The exact opposite in fact.

In a genuinely inflationary environment, the value (as opposed to the price) of a house remains constant. The only thing that changes is how many bits of paper you exchange for it. (ie, more and more every day)

This is entirely different to a genuine supply and demand shortage, in which case the value of an asset can increase even without inflation.

If we do have serious inflation, there will be an inflationary dash to assets as the paper currency becomes worth less.

Only asset holders will profit.

Those hoarding paper will become impoverished......

fc123

Cleaver wrote: »

If anyone has any idea what I'm talking about please do let me know.

I do...and it makes a lot of sense.

Generally, what mucks things in life up are those nasty, unforseen random events (like illness, accident or very bad luck).

Cleaver

HAMISH_MCTAVISH wrote: »

Those hoarding paper will become impoverished......

My friend's Mum is a Librarian. She's going to be royally fu*ked.

treliac

Cleaver wrote: »

That's true, and it's great to be sensible and make sure you have the basics in life right, because many people don't. Kriss sounds like he has his head screwed in a very sensible way and will do just fine, but I'm sure he doesn't need me to tell him that.

Life is like a cake dear Treliac. Getting the sensible stuff right, such as the finances, is like the base of the cake. Necessary, essential, important to get right and completely vital to the cake. Without it there would be no cake. But once this is sorted the fun stuff in life is what you put on the cake: the chocolate topping, the cream, the icing. And what would a cake be like without these toppings?

Sometimes, my dear Trealiac, I just can't help thinking that there are too many people in this world worrying about their cake bases. Have I got slightly too many eggs? Will it rise? Shall I cook it now or tomorrow? Will the world run out of flour? Just get your base sorted and concentrate on the fun stuff. Your base will be fine.

If anyone has any idea what I'm talking about please do let me know.

Aye, the more we have the more anxious we become. A curious paradox of modern life. Such is the threat of losing what we have hunted and gathered, we spend the rest of life worrying about its loss.

Isn't it grand to be so happy and laid back, with a well-baked cake?

You're right, too, about there being too many people in this world. 'Let them eat cake.'