Nice people thread part 8 - worth the wait

Generali

tomterm8 wrote: »

My theory is that you never get rich if the thing you are interested in is getting rich.

You get rich if you are really interested in something, get obsessed about it, work away at it for years and years,become brilliant at it, then one day you look up and you have a large amount of money stashed in your bank account.

TBH I think the exception is The City. That's long been a place where you can go and make huge amounts of money despite not being very interested in what's around you.

An unqualified clerk with 2-3 years of experience can easily make £30-40,000 a year. An agency trader, basically taking on almost no risk, should be on £100,000 a similar length of time after being taken on. It really is a gravy train. You work pretty hard but the money is completely out of scale of the level of skill required to do the job and what the IT guys earn is amazing!


One bloke I worked with who was basically writing macros was commuting daily from Yorkshire. The reason? He could pay off his mortgage in 2 years. It was a nice place he was living in too considering it was up North. It's Grim Up North.

fc123

Generali wrote: »

TBH I think the exception is The City. That's long been a place where you can go and make huge amounts of money despite not being very interested in what's around you.

.

It's happening with one of our sons mates. His dad is an investment something or another and I know that opened the door.
The sad thing is he's also spending high on nights out and stuff. I know he did a grand in a club recently.
Sons had been concerned about his drinking recently but a recent drink related incident seems to have given him a wake up call on that front.

He was always an average, nice easy going lad with no particular aim to specialise in anything. Did an Anthroplogy degree I think.
He's on about 110k pa.

michaels

Sorry, don't feel I can say what it is at it isn't michaels, his DW or DKs and there are not a huge number of steps from the michaels' to other nice people but knowing you are thinking positive thoughts is very much appreciated.

michaels

fc123 wrote: »

It's happening with one of our sons mates. His dad is an investment something or another and I know that opened the door.
The sad thing is he's also spending high on nights out and stuff. I know he did a grand in a club recently.
Sons had been concerned about his drinking recently but a recent drink related incident seems to have given him a wake up call on that front.

He was always an average, nice easy going lad with no particular aim to specialise in anything. Did an Anthroplogy degree I think.
He's on about 110k pa.

Rest of us have to console ourselves that whilst we are on half the money at twice the age we are doing things that at least have some (marginal) social utility and only work 37 hours/week.

tomterm8

To be honest it will be interesting to see how many people from the city stay rich. I suspect it will end up a lot like grifters ( er, people who work an edge).

Many of those people earn significant amounts of money. Some of them hundreds of thousands a year. Problem is, because the money comes too easily, and it is all about spending it, that is what they do.

Most grifters end up pretty poor at the end of their career.

Maybe it will be different for the city folk. They might invest and save wisely. But, many will think the groovy train will never end...

fc123

michaels wrote: »

Sorry, don't feel I can say what it is at it isn't michaels, his DW or DKs and there are not a huge number of steps from the michaels' to other nice people but knowing you are thinking positive thoughts is very much appreciated.

OK.............am more confused now but the positive thoughts will keep coming.


I was chatting to OH about your house build project.....could you keep us updated as he wishes you well with it.

Thing is we are making OH a Brand New Job at the moment.
It's the one thing he has wanted to do all his life so we figured why not now.
It will take a year to get going properly but we have already replaced his admin role with someone P/T (he never has been a natural administrator anyway) and he will still do a flexi couple of days a week ; mainly 'People things' and 'Lugging about heavy things'.

SingleSue

lemonjelly wrote: »

I like the points raised in the first para. However I don't personally think that posters here are a disinct group or have a distinct identity. Indeed, I see you all very much as individuals ( & quite distinct individuals to myself).

Despite us having commonalities, I think there are great differences between us too. I've learned lots. Davesnave & his huge scale gardening projects (as well as being a genuinely funny fella!) for example.

I do personally feel quite different from many of you. I appreciate part of that may be as a result from my enforced break. However I can also see your point, because a part of me sometimes feels s little more of an outsider than others in a way. But that could be more about me & my perceptions than you lot...

I do try to avoid formulating opinions on other posters physical identity here, as I am so often way off kilter with them. I got your ethnicity completely wrong for a start!:rotfl:

I'm another one who feels distinctly different to others here, sometimes I feel very much like the odd one out.

But, I quite like that. I like the differing views we all have, the different perceptions of the same thing....if we were all the same, it would be a very boring place.

I also love reading about the different lifestyles and experiences, it makes me feel like my world really is bigger than the little village I live in.

fc123

tomterm8 wrote: »

To be honest it will be interesting to see how many people from the city stay rich. I suspect it will end up a lot like grifters ( er, people who work an edge).

Many of those people earn significant amounts of money. Some of them hundreds of thousands a year. Problem is, because the money comes too easily, and it is all about spending it, that is what they do.

Most grifters end up pretty poor at the end of their career.

Maybe it will be different for the city folk. They might invest and save wisely. But, many will think the groovy train will never end...

I reckon sons mate will pack it in in a few years and do something more 'meaningful'. He's so not 'that sort of type', but then I would say that as I have known him since he was 9.

What has been interesting is the girls he now attracts. He was never a 'Ladies-Man' when they were in their late teens, often being the one who was solo most of the time.
He got smitten with one who used to blank him out, then re-appeared once the cash started to flow.

He could have his pick of the girls now.....

fc123

SingleSue wrote: »

I also love reading about the different lifestyles and experiences, it makes me feel like my world really is bigger than the little village I live in.

Me too
OK bed for me as I have to be in by7am tomo . Photo shoot day.

michaels

Well I am off to talk to the planners on Wednesday morning which could end things there and then if they say no way. I have told the agent we are interested in the property and are likely to make an offer after speaking to the planners.

I am trying to persuade lil bro that the best investment strategy is for either him or us to buy it as ppr with a resi mortgage and probably better him as I suspect he and his DW are more able to raise that sort of money at a decent rate on a mortgage. If all that goes to plan the next step may be a little financial alchemy involving maximising the value of the existing house and selling it on leaving the plot and enough capital to develop it.