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Calling those with a "high" level of savings/investments! (£50,000+)
Comments
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Every man needs a decent clever woman behind him to succeed though!! I'd rather lose half my wealth- a few million, than never make any million!
I will read up on that article and similar. Living within my means by also going to try living on a percentage of income.
I dream to own a few successful businesses, while having my own little property empire. I don't plan on being in the "rat race" much later than 30. I'v 9 years to use my money to provide incomes, businesses, shares to provide dividends, a company that "runs itself". I know it's all a "dream" but planning will prevail. I will succeed at least and be a success. I don't want working life stresses, working to someone else's timetable all my life. I want to live life and have all the "good" things while not having to worry about costs.:eek:Living frugally at 24 :beer:
Increase net worth £30k in 2016 : http://forums.moneysavingexpert.com/showthread.php?p=69797771#post697977710 -
YoungBusinessman wrote: »I want to live life and have all the "good" things while not having to worry about costs.
Good luck with your dreams, but be prepared for plan B,C,D,E.....
Life over takes you have ever much you plan and their are more thing to worry about than money (all the time)."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 -
Thanks grizzly I agree I will need a few back up!:eek:Living frugally at 24 :beer:
Increase net worth £30k in 2016 : http://forums.moneysavingexpert.com/showthread.php?p=69797771#post697977710 -
YoungBusinessman wrote: »I have many long term plans, I feel if I were to share them I would infact be shot down for being young, foolish and naive. I will however keep this thread going, update as I go along and seek advice where necessary.
The future is unpredictable. Many are hit by the 3 D's. Death, divorce and distress. So even the best laid plans don't come to fruition. Also make your own luck.0 -
Thrugelmir wrote: »The future is unpredictable. Many are hit by the 3 D's. Death, divorce and distress. So even the best laid plans don't come to fruition. Also make your own luck.
I got hit by the 3 E's....
'ealth, 'er indoors and an escort mk 2
Still survived that lot though
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silver_inca wrote: »My problem is i now 70% in cash, i am holding in anticipation of a stock market dip so i can but a few companies for the divis.
How much of a dip are you waiting for?
I piled a lot of cash into the markets between August and December 2011 and am jolly glad that I did!I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
gadgetmind wrote: »I piled a lot of cash into the markets between August and December 2011 and am jolly glad that I did!
Ditto. You can't sit on your hands forever.0 -
YoungBusinessman wrote: »Should see my income above £70k gross for 2013
Earning above £70k gross is certainly a good way to start your savings regime.
I would say take good tax advice on it and make sure you don't get sucked into "I've worked very hard this week I deserve a treat" way of thinking.0 -
SliAbhaile wrote: »Earning above £70k gross is certainly a good way to start your savings regime.
Unless (as you observe) you spend it!
My saving started in the early 90s with some PEPs, and I'm jolly glad it did as they've had a good couple of decades on the whole.I am not a financial adviser and neither do I play one on television. I might occasionally give bad advice but at least it's free.
Like all religions, the Faith of the Invisible Pink Unicorns is based upon both logic and faith. We have faith that they are pink; we logically know that they are invisible because we can't see them.0 -
not spending it all is definitely more important than earning a lot. though not spending pays off more quickly if you earn more.0
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