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RenovationMan wrote: »And yet I keep saying that I'm not some Lord, born to wealth. And still people seem to have the image of me sitting in my country manor telling the peasant classes to eat cake.
Bonkers, but I guess it's easier to spout this sort of rubbish than to put forward a cogent argument.
A cogent argument point to me would be this.
The levels of personal debt are too high. This suggests a real lack of disposable income for a good chunk of people out there.
Personal debt levels of people approaching retirement age are also something to worry about.
I'd suggest people pay off expensive debt before putting money aside for long term saving.
Using yourself or myself or GD or Grizzly as some kind of reference point is not going to change things.0 -
how wonderful it is that even people on benefits in the UK get to make choices too.
Whenever I see these type of posts / threads it makes me think of the floating villages of Cambodia where the people seemed genuinely happy and make the most of their lives.
I was surprised to see that many whilst they didn't have electricity were able to watch television by adaping car batteries to provide the power.
There was even a guy who was running a businerss charging them up.:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
Well Graham's guy had a miscalculated £200 for "everything else", though he was a bit lost for words when it came to listing everything covered by this.RenovationMan wrote: »I don't mean anything by it - it was your statement that someone on £30k (back to Grahams model, I'm afraid) would have to live like a monk in order to make ends meet enough to contribute to a pension.
Your version of Graham's guy had £384, but dedicated this to an emergency fund for car tyres. The "everything else" seemed to have disappeared from his lifestyle. That was why I called him a monk."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
RenovationMan wrote: »I don't mean anything by it - it was your statement that someone on £30k (back to Grahams model, I'm afraid) would have to live like a monk in order to make ends meet enough to contribute to a pension.
That wasn't the statement. You insist on trying to confuse the statements made. Even when picked up on it twice, you still insist to sit there bare faced lying.
The statement was surrounding someone on 30, with a take home pay of 22k (or whatever it was) SAVING 4k in the year. Was not about putting into pensions.
I guess I'm just giving you the attention you so obviously crave here, as I have no idea why you feel the need to consistently and relentlously make things up to suit.0 -
RenovationMan wrote: »Clearly you made ends meet and so by your own words, you must have lived like a monk. Strangely, when I was on low pay, I still went out with mymates and contributed to a pension, and I managed to balance my chequebook. Clearly I'm some sort of financial wizard and completely on the fringe of society.
I managed to go out on the lash every weekend and pay into a pension too -in 1987 I was earning £2750/ year. After a relatively short space of time I was on the grand sum of £4000/ year - I was still on the lash, paying into a pension, driving a car, working full time and studying part time to get a science degree. Obviously the massive trust fund that Graham thinks grand papa left me helped no end;)
I'm starting to think it's as much about attitude as financial wizardry.
Doesn't really get us any closer to getting people to save more for retirement I suppose.0 -
A cogent argument point to me would be this.
The levels of personal debt are too high. This suggests a real lack of disposable income for a good chunk of people out there.
Personal debt levels of people approaching retirement age are also something to worry about.
I'd suggest people pay off expensive debt before putting money aside for long term saving.
Using yourself or myself or GD or Grizzly as some kind of reference point is not going to change things.
I'd suggest not getting into debt in the first place.
I actually do work alongside people who are on lower incomes and I find it almost without exception that the ones who have debts are the ones who also have to have the latest gadgets (iphones, etc), foreign holidays, meals out.
Indeed when you go into the DFW and look at their SOAs, you invariably see mobile phone contracts, Sky TV contracts, car finance on cars the like of which I can't dream of even with my 'wealth'.
Contrast this with when I purchased my first house. No TV (couldn't afford a TV license), no telephone (had the village one across the green), a couch from parents and my old single bed from home. I slowly savedup (wow, remember when people did that) and bought these things to equip my house. Odd concept.0 -
Well Graham's guy had a miscalculated £200 for "everything else", though he was a bit lost for words when it came to listing everything covered by this.
Your version of Graham's guy had £384, but dedicated this to an emergency fund for car tyres. The "everything else" seemed to have disappeared from his lifestyle. That was why I called him a monk.
oops, you've accidently used the wrong username to reply to this.
It was gizzly username who was talking about monks (and to whom I was aiming my comments at) not your pqrdef one.
LOL busted. :rotfl:0 -
RenovationMan wrote: »oops, you've accidently used the wrong username to reply to this.
It was gizzly username who was talking about monks (and to whom I was aiming my comments at) not your pqrdef one.
LOL busted. :rotfl:
Dearie me. :embarasse0 -
RenovationMan wrote: »Why havn't you posted a long and detailed diatribe about Conrad not counting his chickens, about how legislation may change and that he won't be able to sell a larger home and all the other nonsense you posted when I mentioned that I would be downsizing in 20 years?
Odd that you seem to be selective in who you attack. No critique for old Conrade here (though a dig at me) and the criticism poured onto Graham's flimsy model is aimed at myself, not Devon (wh created the model, in case you need reminding).
Isn't that odd! :rotfl:
You've worn me out;) with all your :rotfl::rotfl::rotfl::rotfl::rotfl:
IIRC you called me an idiot amongst other things and do particularly like pensions."If you act like an illiterate man, your learning will never stop... Being uneducated, you have no fear of the future.".....
"big business is parasitic, like a mosquito, whereas I prefer the lighter touch, like that of a butterfly. "A butterfly can suck honey from the flower without damaging it," "Arunachalam Muruganantham0 -
I only have the one name. But I think it was me who first mentioned monks.RenovationMan wrote: »oops, you've accidently used the wrong username to reply to this.
It was gizzly username who was talking about monks (and to whom I was aiming my comments at) not your pqrdef one.
LOL busted. :rotfl:"It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0
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