How can people be so pessimistic all the time?

neverdespairgirl

Hissing_sid wrote: »

My wife comes from 'money'....

Her family are the worst bunch of f***witts it's ever been my displeasure to meet. Never having gone without. Never having had to really earn anything. Just constantly suckling on the t*t of Mumsy and Papa. Then when said parents kick the bucket it'll be time to squeeze out a theatrical tear for some attention before dividing up the booty..... I mean, they discuss who's going to get what all the time.

My parents are pretty well-off (earned income rather than inherited).

They were kind enough to pay for my education, including a post-grad degree and bar school qualification.

Since then, I've earned my own living. When we go to stay with them for Christmas, Easter etc, we don't chip in a share for the costs, but other than that, I'm all growed up and pay my own way.

I sincerely hope they live a long, healthy life, and enjoy their hard-earned in retirement.

wintersunshine

neverdespairgirl wrote: »

My parents are pretty well-off (earned income rather than inherited).

They were kind enough to pay for my education, including a post-grad degree and bar school qualification.

Since then, I've earned my own living. When we go to stay with them for Christmas, Easter etc, we don't chip in a share for the costs, but other than that, I'm all growed up and pay my own way.

I sincerely hope they live a long, healthy life, and enjoy their hard-earned in retirement.

What a great post. This board has really missed such quality input.

HammerSmashedFace

neverdespairgirl wrote: »

Where there's a will, there's a relative.....

Inheriting sucks, because people have to die first. My OH's parents both died when he was 26, and his brother was 19. So they inherited a fair bit. It was not worth a rat's !!!! in comparison to what they lost.

neverdespairgirl wrote: »

My parents are pretty well-off (earned income rather than inherited).

They were kind enough to pay for my education, including a post-grad degree and bar school qualification.

Since then, I've earned my own living. When we go to stay with them for Christmas, Easter etc, we don't chip in a share for the costs, but other than that, I'm all growed up and pay my own way.

I sincerely hope they live a long, healthy life, and enjoy their hard-earned in retirement.

I haven't so much read the content of these posts (although it is correct), more the name of the poster, welcome back again NDG.:D

baby_boomer

In answer to the original question.

It would help if the Bank of England hadn't today admitted that things were so bad that they had to lie about the amount of money they lent to RBS and HBOS in case investors had taken fright.

Are we 100% sure they aren't still lying?

Aren't there supposed to be rules banning people for life when they mislead the markets?

HAMISH_MCTAVISH

Wookster wrote: »

Hamish, how can someone think an asset price that is already expensive will go on rising forever more?

I'd imagine they couldn't.

Therefore I must think asset prices are not all that expensive, or that they will not rise forever more, or a combination of the two.

Did you have a point?

Cleaver

Just some thoughts from me regarding the inheritance posts.

My Mum passed away quite recently at a relatively young age. My Dad and her had been together all their adult lives and although she always worked, it was my Dad who earned pretty good money. However, my Dad was (still is) clueless with money, to the extent where he knew which card to use in shops and how to get money out, but that was about it. My Mum squirreled it away and looked after all the finances with savings accounts all over the shop, various investment bonds, regular savings, ISAs etc. etc. They enjoyed life to the full, but weren't materialistic so were always very comfortable.

My Mum knew I was okay with money and during the last few months of her life, she started to let me know which banks / establishments they had their money with, which credit cards they used etc. I always felt sad doing this though, so I often just ended up saying that "it'll be fine", and not really taking much in.

I had to sit down with my Dad fairly soon after my Mum passed away to have a chat about money. And it was really strange. He had no concept, whatsoever, how much money they had or where it was. And neither did I. It didn't matter I guess: our family were in the fortunate position of having everything we wanted in terms of shelter, food, education, transport, holidays and all the other stuff that makes life fine. We went through statements and logged on to accounts and started to tot it all up, until we had quite a large amount staring at us in the face. At which point we both started to cry as it just all seemed so pointless. My Mum did such a good job managing the cash and of course it was great that she had been so sensible, but we just both realised how futile having a load of cash is if you're not with the people you love.

What should my Dad do with the money to replace the person he's been with for nearly 40 years? Buy a sports car? Go to Syndey? Get a boat? He said to me: "Do you want any of this money? I've got nothing to spend it on." Which still breaks my heart now when I picture him saying that.

I imagine that for most people getting an inheritance can be a major help in life, but it is really, really f*cking tragic.

Apologies to those that have read this far expecting a moral, point or reason for this post. There isn't really any of that, just a random load of waffle.

treliac

Sorry to hear your sad news Cleaver. Your mum would have been proud of your attitude towards money - she probably worked hard to instil it into you. She knew you would be able to cope and she wouldn't have to worry about your future.

Hope your dad will be alright.

fc123

Cleaver wrote: »

Just some thoughts from me regarding the inheritance posts.



What should my Dad do with the money to replace the person he's been with for nearly 40 years? Buy a sports car? Go to Syndey? Get a boat? He said to me: "Do you want any of this money? I've got nothing to spend it on." Which still breaks my heart now when I picture him saying that.

I imagine that for most people getting an inheritance can be a major help in life, but it is really, really f*cking tragic.

Apologies to those that have read this far expecting a moral, point or reason for this post. There isn't really any of that, just a random load of waffle.

Thanks for taking the time to write that.

StevieJ

LydiaJ wrote: »

House prices relative to earnings sometimes go up and sometimes go down. I don't know what they are going to do next.

So do rents, but generally after 25 years your mortgage is no more :beer: I think that means a mortgage can quite rightly be part of pension planning.

the_ash_and_the_oak

unless you sell and rent again like my grandparents! then they pay money each month again!