Learn to control money but do not allow it to control you

savingwannabe

Petal you are not going to prison. I will find us a good armed robber who will train us up well.

As soon as my building work is done I am going to think in an entrepreneurial way and become rich too. Fingers crossed my house will stop eating money by Xmas and I can join you all. And i am going to travel the world, i have stopped going abroad for 5 years saving up by I can feel my toes tapping. Roll on after Xmas.

Cheery_Daff

Karmacat wrote: »

Fantastic stuff! And being a vegetarian, I'd certainly never actually eat a frog either I like Pesky Dragons. But I like Brian Tracy's concept, that its something you're dreading - it helped me write an email today, and do it by mid morning, whereas I adore dragons, so they don't have the connection to yuckiness for me.... Real life yuckiness, what would that be? Clearing a blocked toilet? Now *thats* essential to do as soon as you can

.

I like dragons too KC - which is why I thought of them having a nice time, but just being a *little* too noisy :rotfl:

pah, laptop battery going...

MrsMoo2U

hello all, my you have been a chatty bunch so cant catch up completely. I just wanted to say that I just had the "owning a house" conversation with a friend in Mexico. He is desperate to own a house. I told him all the worst things about the owning a property, ie: repairs, mortgage payments meaning that you cant afford the payments for repairs, decorating costs, insurances, money tied up that you cant get at (false wealth in my opinion) etc etc etc. Came off the phone and thought Why oh Why do I own a property. Now £100000 for travelling the world, and put some away for pension would be much better invested in my opinion. Hmmmmm I wonder does this come with age.

Firewalker

cherisong wrote: »

Hmmmmm I wonder does this come with age.

Cheri, I think it comes with the times and wisdom. I have been thin king this for a long time though - particualrly if one has the income to rent and invest some why own. As to the appearance of wealth - yep, this is what our houses are. It gets worse - very few people sell them to capitalise on the funds in old age. Because of a tradition of inherited wealth in Europe we keep wealth safe, instead of making it work for us, so that we can leave it to our children (or whoever comes after us).

I have come to believe that: a) our investment in children should be the opportunities we creat for them to amass wealth; b) apart from this we should let them make their own way; and c) perfect personal finance management is when you die to have enough for a modest funeral, plus/minus several pounds. Anything above that has to either be spend (but on happenings rather than possessions) or left to good causes of our own choice.

Firewalker

InaPickle

Ladies, I have so much more to ask and discuss, but I had a large glass of rose wine while making a banoffee pie and I think it might be better to try to collect my thoughts tomorrow.

I have so many frogs to swallow there is a positive chorus in my bedroom. I shall have to evict them forthwith!

Marru

Renting vs owning. At the moment I am sick to death with renting. You can't do what you want with the house, sometimes even putting a picture up requires to ask permission in writing. It is like living life walking on egg shells because it is not your own. So far I have been the one to give notice but it is always possible to happen the other way around as well.

Anyway - I have written my cheque. Now trying to figure out where to put it.

Firewalker

I knew it! Getting up at 7.06 and starting to write straight away has always worked for me. So 1,500 words written and the draft got to a stage where sending to co-author can be done. So it was done! Frog for the day eaten. Now shall continue with a smaller frog - looking at something and commenting, and getting ready to go to London; to a business seminar would you believe.

Have a question though: we were told that the dress code is smart casual. What would you wear? I am a scruffy academic you realise so navigating all that is a bit of a problem. I also find codes of any kind restrictive.

Firewalker

Karmacat

I don't think I want to rent, not permanently - I wouldn't mind (= I'd love) to rent out my house and go rent somebody else's apartment somewhere for a while, but I want my own space. And I'm laughing at the large glass of rose, Pickle, how very civilised!

redsquirrel80

Firewalker wrote: »

I knew it! Getting up at 7.06 and starting to write straight away has always worked for me. So 1,500 words written and the draft got to a stage where sending to co-author can be done. So it was done! Frog for the day eaten. Now shall continue with a smaller frog - looking at something and commenting, and getting ready to go to London; to a business seminar would you believe.

Have a question though: we were told that the dress code is smart casual. What would you wear? I am a scruffy academic you realise so navigating all that is a bit of a problem. I also find codes of any kind restrictive.

Firewalker

Ahh that terrible phrase - when I started this job I was told the dress code was smart casual, or "you don't have to wear a suit if you don't want to". In reality people here wear everything from smart jeans and a nice top to suits.. but I'd go for reasonably smart trousers/ skirt and top, something you're comfortable in (if you can) so that you don't feel awkward.

Interesting what you say about pensions - I really resent £150-ish coming off my wages every month that I probably won't see until I'm 70+.. but too scared (and I think too late) to cancel it and get anything back now. Still, I'll be printing out my cheque in a bit...

Firewalker

redsquirrel80 wrote: »

Interesting what you say about pensions - I really resent £150-ish coming off my wages every month that I probably won't see until I'm 70+.. but too scared (and I think too late) to cancel it and get anything back now. Still, I'll be printing out my cheque in a bit...

Thanks, will see what I can do about the dressing thing.

Pensions - if you are in the USS do not do anything. Although there may be some changes it is still good; and the other benefits are important (it carries insurance so that if one dies OH gets three times annual salary and children under 18 get annual pension.

However, the smart move will be to start saving and investing - you are still young and have time to use the power of compound interest. Even I can still do that.

FW