Deposit of £150k, what would you do in my situation?

tukka123

citricsquid wrote: »

You might also regret being 40 and having nothing to show for the last 20 years.



Sure he might drop dead tomorrow, or he might live until he's over a hundred years old.

I did what you're suggesting, spent £xxx,xxx doing anything I wanted. If I wanted to buy something, I bought it, if I wanted to go somewhere, I went there. I lived for the moment, who cares about the future? That's for future me to worry about! I'll probably die before I hit 21 anyway! Now I'm future me and I regret every second of it, I've found more fulfilment out of not spending money than I ever did spending money. I'm happier than I've ever been and it cost me nothing.

Everyone is different, if the OP is 25, has been steadily employed for the best part of a decade, has a girlfriend and family that care about him and he's thinking about the future it's unlikely he needs to be told how he should live his life.

No I didn't say spend his whole 150k and 1500k a month on a !!!! up or a holiday, I'm just saying that it's easy to get in a mind set of saving every single penny towards a house and missing out on quality time with friends, family and trying new things and hobbies. I save a decent amount of my pay but every now and again I think to myself I'll go see the football match for £35 or a night out in London with friends and I'll spend £100 or a nice posh meal out with the girlfriend and spend £150 on a night away in a hotel away.

Do not waste you money but live your life at the same time. Get that balance right and you will have a funds towards a house but an enjoyable life with friends and family. That's life's goal right???

tukka123

citricsquid wrote: »

You might also regret being 40 and having nothing to show for the last 20 years.



Sure he might drop dead tomorrow, or he might live until he's over a hundred years old.

I did what you're suggesting, spent £xxx,xxx doing anything I wanted. If I wanted to buy something, I bought it, if I wanted to go somewhere, I went there. I lived for the moment, who cares about the future? That's for future me to worry about! I'll probably die before I hit 21 anyway! Now I'm future me and I regret every second of it, I've found more fulfilment out of not spending money than I ever did spending money. I'm happier than I've ever been and it cost me nothing.

Everyone is different, if the OP is 25, has been steadily employed for the best part of a decade, has a girlfriend and family that care about him and he's thinking about the future it's unlikely he needs to be told how he should live his life.

Also I'm not telling anyone how to live their life but sometimes on here it's like people get so obsessed with saving money that they forget why they are saving it in the first place. SO they can live a better life.... (Not saying the OP or anyone is obsessed with money)

There is a guy at my work that is near retirement and saved all his life for a house. Owns a house 100% maxes out his ISA and has a massive pension..... No friends No close family and no social life.... All the money in the world but no one to share it with...

[Deleted User]

tukka123 wrote: »

Do not waste you money but live your life at the same time. Get that balance right and you will have a funds towards a house but an enjoyable life with friends and family. That's life's goal right???

Exactly and the OP appears to have that balance! He has a family that care about him, a girlfriend that he loves, he has a fulfilling future that he is looking forward to and the financial skills to set himself up for security most people can only dream of. He's planning how to make the best use of his money now!

You might love to go and see the football, or spend a night out in london with your friends or a night rubbing fancy hotel soaps on your girlfriends supple breasts but the OP could love spending a day in the garden with his family having a BBQ much more. He hasn't talked about what he enjoys doing with his life, maybe he doesn't like going out or travelling, maybe he tried all that and found that he loves nothing more than a night in with a book. Whatever it is, it's irrelevant, trying to provide life advice to someone that appears to have it all worked out is out of place.

tukka123

Calm down there's no need to bring my girlfriend and soap into it. That's actually rude. We are all on the same side here trying to save money.

Mate, I asked him what does he get up to in his spare time and I'm not giving life advice I'm just saying that what I tend to do with my spare time and money and then comparing it to a guy that I work with and what affect it has on him. I see so many people on here so obsessed with saving every single penny and I think that people lose track of the point of money saving.

Maybe the guy loves sitting in the garden and doesn't like football or taking his girl friend out. If anything I'm asking what he does different to me so I could possibly change things in my life so I can save more.

Flashmanchop

citricsquid wrote: »

or a night rubbing fancy hotel soaps on your girlfriends supple breasts

There was me thinking MSE was boring and dull.

Personally, and having been young, and actually as boring as to go as far as planning for the future from 18 years old I got into BTL. Not at a huge rate, but I tried to take on knowledge from carrying out refurbing, financial products, how auctions work, tricks of the trade, how housing benefit is paid etc etc.

I also started going to seminars on business mentoring and property clubs.

Once I felt more comfortable I started using what I had learnt, and using what the people now around me knew and could help to expand.

With that level of physical cash the guy could very succesfully sort his future life out, and possibly retire at 40.

tukka123

Flashmanchop wrote: »

There was me thinking MSE was boring and dull.

Personally, and having been young, and actually as boring as to go as far as planning for the future from 18 years old I got into BTL. Not at a huge rate, but I tried to take on knowledge from carrying out refurbing, financial products, how auctions work, tricks of the trade, how housing benefit is paid etc etc.

I also started going to seminars on business mentoring and property clubs.

Once I felt more comfortable I started using what I had learnt, and using what the people now around me knew and could help to expand.

With that level of physical cash the guy could very succesfully sort his future life out, and possibly retire at 40.

I plan to retire at 55 (if I make it that long) so hard work in saving towards a home and pension...

I manage to save 500 a month towards a deposit so slowly working my way there but every now and again I think ive done well saving this month or that month I treat myself to something.

The OP has done brilliant and if I came across like you don't have a life outside of saving then I really didn't mean it to. I just think it's easy to full not a trap where you forget about everything else and time runs out to enjoy life while saving.

grifferz

tukka123 wrote: »

Also I'm not telling anyone how to live their life but sometimes on here it's like people get so obsessed with saving money that they forget why they are saving it in the first place.

Fair point, but this is Money Saving Expert!

I do wish that most times the enquiries into posters' lifestyles could be avoided as sometimes it seems that the peanut gallery is trying to find some item of outrage unrelated to the thread at hand.

Hard to avoid it though when OP is asking advice about something so linked to lifestyle.