What is your long term saving strategies?

KPR11

LongTermLurker wrote: »

had any mind blowing experiences

Lokolo wrote: »

He's got a gf doesn't he?

Keep it clean boys!

Rob_192

rictus123 wrote: »

The thing is Rob i wouldnt know where to start with investing.

me too! albiet on the professional side

As iv just posted my job is in the building trade and im sure i coud make the most of this, my skills and my contacts and make money from this. It works for my boss anyway. Hes not a millionare, he is a multi-millionare. Its worked for him so why cant it work for me?!

As the saying goes...money makes money.

Umm. When you've been through as many recessions as I have you realise if you're in the construction/property industry, it's just about being in the right place at the right time, or more frequestly the wrong place at the wrong time! Just don't get carried away with the thought that it's easy to make money in this game, it's also very easy to lose it and probably far more likely.

rictus123

It would most definatly be easier to lose money in this line of work, there is money in everything. The money in every line of work/trade is very suprising...i hope to take a large slice of the pie As far as buy to let was concerned i would do it if i could have the mortgages cleared by the time i was 45....Which i doubt i could make it worthwhile...unless i invested in self builds first then use the profit to keep making more profit. A self build for a builder could be done in a year. At least £50k a time to be made in the right areas...

Rob_192

rictus123 wrote: »

It would most definatly be easier to lose money in this line of work, there is money in everything. The money in every line of work/trade is very suprising...i hope to take a large slice of the pie As far as buy to let was concerned i would do it if i could have the mortgages cleared by the time i was 45....Which i doubt i could make it worthwhile...unless i invested in self builds first then use the profit to keep making more profit. A self build for a builder could be done in a year. At least £50k a time to be made in the right areas...

Easy eh! Good luck with it, seriously!

rictus123

Thanks Rob, i value and appreciate your input.

KPR11

rictus123 wrote: »

It would most definatly be easier to lose money in this line of work, there is money in everything. The money in every line of work/trade is very suprising...i hope to take a large slice of the pie As far as buy to let was concerned i would do it if i could have the mortgages cleared by the time i was 45....Which i doubt i could make it worthwhile...unless i invested in self builds first then use the profit to keep making more profit. A self build for a builder could be done in a year. At least £50k a time to be made in the right areas...

I don't mean to sound condescending (and I apologise if I do), you need to realise that before one can start running one needs to learn how to crawl then walk and then finally run... unfortunately you have not even started crawling and yet you are too busy trying to run faster than Usain Bolt! If only making money was easy as you describe it!

Like I said in my previous post, I commend your ambition (if, unfortunately, you don't make it then it will not be for a lack of ambition - you seem to have plenty of it) and I wish you luck!

LongTermLurker

KPR11 wrote: »

Keep it clean boys!

My comment was totally innocent - it's Lokolo the perv!

rictus123

If only i had as much money as i do ambition Only get one shot at life so want to make all my dreams come true and live the life! I dont want to miss out!

DiggerUK

rictus123, it does not matter if you are growing funds in good times, or putting by in dire times as now, the object is always to match, or beat, inflation.
If you can't do that, then you should indeed go for sex, drugs, 'n rock 'n roll.

If you are just saving for the magic million mark, or just to save a big stash, then don't ignore the safety of saving in gold.
Also grab National Savings & Investments 3 and 5 year Index Linked Savings Certificates, the moment they become available again.

DebtWriteOffMaster

:D:D

While im sure you have had a nice evening rictus telling everyone these stories about how you are going to become a millionaire by the time you turn 40 (even though your barely above min wage),
i think its time that you run along to bed now as its a school day for you tomorrow. :rotfl::D


Sorry to disappoint all the people who were sucked in to believing all the nonsense that this kid write, and posted advice to him accordingly,
however the reality is that he is struggling to pay for his bus fares to work and for his packed-lunches,
let alone planning on how to invest 100s of thousands of pounds in property!! :rotfl:;)


To quote some of their recent posts-

rictus123
09-08-2010, 7:17 PM

Iv been investing really small at £50 a month,just stopped it after a few months, need that £50 a month to pay off my cards asap. Beyond a joke now
Need to look at ways to earn money from home in the evening. Think ebay might be my best bet. Il give it another pop.

https://forums.moneysavingexpert.com/discussion/comment/35537635#Comment_35537635



rictus123 28-06-2010, 7:25 PM

Pay has gone up as of today apparently - believe it when i see it though, counting down the days to payday a week on Friday.

I think itl come up take home about £1385 a month, more than £1500 with 1 or 2 Saturdays. Not yet turned 19 though, another few days yet

https://forums.moneysavingexpert.com/discussion/comment/35537635#Comment_35537635



rictus123 24-05-2010, 8:56 PM

Away to turn 19, pay will go from £1,070 take home a month to £1,390.
With the overtime i do itl be over £1500 take home

https://forums.moneysavingexpert.com/discussion/comment/33124867#Comment_33124867



So after all that nonsense about how fresh out of school hes on £30.80 per hour, and taking on Donald Trump in the property game,
it appears that in reality hes only earning £6-£7 per hour! :rotfl::cool: