Nice people thread part 6 - thrice by twice as nice :)

YoungBusinessman

chewmylegoff wrote: »

why don't you loan that money to your business and use it to reduce your business debts, then charge your business exactly the same rate of interest it was paying to the bank?

i wonder if you're actually allowed to do this. i should know of course, but i am somewhat out of touch - i can't see any reason why you shouldn't though.

You can actually do this if you are director of a limited company, I am actually set up as a sole trader for my own jobs. On price work employed on a site monday to friday. Looking into setting up limited company as partnership with the guy I do all my jobs with, eventually hopefully not work on site...as have our own site an be the ones making the decisions...but also the money.

YoungBusinessman

CK looks good, on a scale of 1 to 10 how excited are you?

I love new car feeling...an newest I'v bought is 5 years old!!

silvercar

GDB2222 wrote: »

Thanks so much. It does sound like I am being taken for a ride with the allowance, then. Do your hall fees include food?

Partly catered - midweek breakfast (unlikely to be awake) and midweek evening meals. Downside is the kitchen is very basic, so the opportunity to cook properly and MSE-ly are limited. Upside is there are some very very cheap places to eat nearby - so his brother says.

LydiaJ

lostinrates wrote: »

Lydia, i certainly noted that those of us who worked got more from our courses and the time.

1. We understtod the actual monetary value of what we received
2. We developed better time management skills ( imo a full time course is not fulltime, not in the way a full time job and being a parent or having a setious hobby is.
3. We had regular reminders of why we were studying from mixing with our work colleagues ( depending on job)
4. Vitally we left with less debt, both real debt and endebtedness to our families.
5. In many cases our cvs were better, but not in all by any means.

Where i was first year was heaviest academicalky. Most of us were already working on our dissertations by second year. Although the work load and exams felt first and final year heavy i think in reality it was spread in responsibilty. I always noticed those of us who made the better switch to self motivated research and study as the time progressed too, but i think thats covered by my earlier observations.

I really see no benefit to anyone other than a borderline student, or say, a student carer in not hving some job, even if it is four hours a week to give a 'nursery' start to earning.

It obviously worked well in your circumstances. I'm not sure it would have been particularly beneficial to me in mine. I didn't need introducing to earning etc, having worked full time for 9 months of my gap year, living away from home and completely paying my own way for that time, and the money I got from my parents for the remaining 5 months I earned by working for my dad. And our college terms were only 8 weeks long, with a huge amount to cram into them. Almost no undergraduates worked during term time back then - College v strongly discouraged it, and for all I know there may have been rules prohibiting it during the term. But that was in the days before student loans or fees had even been dreamt of, when lots of students had full maintenance grants, and those with better-off parents mostly got the same amount as the full grant, but from their parents instead of their LEA. I graduated with no debt. Different world.

I worked and earned in the summer though, and my brothers also worked at Christmas (temp jobs for Royal Mail in the sorting office IIRC) although I never did that. I'll bear what you say in mind when my kids get to that stage, and consider their individual circumstances.

lostinrates wrote: »

Seriously? You son fails to budget, he calls his mother and says I miss you but cannot come home and she won't pay??:D

One of my godmothers has a rule for her kids and grandkids that she always pays for them to visit her, whether its the train fare or cash for petrol. Becuase she can afford to, and wants them to visit. Its a nice, motherly rule i think.

My mum had that rule too. I probably will in years to come too. Then they can learn to be responsible about budgeting for everything else, without having financial considerations push them towards deciding to cut down on coming to see me.

GDB2222 wrote: »

On the plus side, if manufacturers do eventually resort to condensing He out of air, there'll be loads of O2 and N2 as by-products. In any case, I thought that the idea is to get superconducting magnets that work at liquid nitrogen temperatures?

Good point: there are some substances that will superconduct at liquid nitrogen temperatures, which is great, but that won't replace the whole range of things that need to be done colder than that - cryogenics isn't just about superconductivity. This discussion is now getting to the borders of what I know, though.

lostinrates

LydiaJ wrote: »

It obviously worked well in your circumstances. I'm not sure it would have been particularly beneficial to me in mine. I didn't need introducing to earning etc, having worked full time for 9 months of my gap year, living away from home and completely paying my own way for that time, and the money I got from my parents for the remaining 5 months I earned by working for my dad. And our college terms were only 8 weeks long, with a huge amount to cram into them. Almost no undergraduates worked during term time back then - College v strongly discouraged it, and for all I know there may have been rules prohibiting it during the term. But that was in the days before student loans or fees had even been dreamt of, when lots of students had full maintenance grants, and those with better-off parents mostly got the same amount as the full grant, but from their parents instead of their LEA. I graduated with no debt. Different world.

I worked and earned in the summer though, and my brothers also worked at Christmas (temp jobs for Royal Mail in the sorting office IIRC) although I never did that. I'll bear what you say in mind when my kids get to that stage, and consider their individual circumstances.


.

I had been earning too, for years and years before, but for some of my working student peers it was new stuff. And benefitted them. I honestly cannot remember how long our terms were though.

Fwiw, my sister is older than you, and she had peers who worked too, so it cannot be THAT novel. People here have mentioned oxbridge prohibits it, but dh and friends worked while there, so perhaps its not that well enforced?

I do think people are different of course, but it was a conclusion i drew while there, looking not just at me but the difference between my friends and peers who worked and did not. We were the first year of fee payers.

Nowadays with fewer and fewer kids having access to things like paper rounds and higher percentage of those going into higher (and further) education this is more stark. I think the payment (which i have forgotten the name of now) to attend fe is perhaps an example of how different it can me for some now, than if they were in similar circumstances before, and now its being pulled back.

Grit might just well become a more important factor acheivement, and a more defining factor in success, now that we rightly expect background not to be a deterrant but ask more in financial commitment from students, or their parents.

CKhalvashi

YoungBusinessman wrote: »

CK looks good, on a scale of 1 to 10 how excited are you?

I love new car feeling...an newest I'v bought is 5 years old!!

11!

It's my first brand new premium car.

CK

YoungBusinessman

It's alright for some !! Haha enjoy it mate, take a note of miles upon delivery and let us see how much that increases by the end of year.

I do a lot more than I used to...now can average over 1200 a month....used to be around 900! Just with extra work comes extra travelling.

Percy1983

My car does about 3500 a year.

YoungBusinessman

With the price of fuel...bla bla bla, I wish I did a lot less!! Not exactly driving in style in my can....one day I will have the cash to splash for a decent comfy car!

silvercar

Percy1983 wrote: »

My car does about 3500 a year.

Easier to sell with low mileage.

I do about 4500 a year.