Your Financial Setup

shaz77_2

Great thread and worthwhile discussion.

Reue

Assets:

75% cash
20% pension
3% property
2% shares

About to buy a house so very cash heavy atm.

Networth: 117% of current salary

TCB1

Assets
House £330k
Car £17k

Liabilities
Mortgage £260k
Car £5k
Credit card £4k

Earn £95k

Putting 12% of salary into a pension but only started a few years ago so not worth much yet.

Feel like we are in a bit of a poor financial position at the moment but at 35 with 3 children under 6 I think (hope) we have time to pull it back. Trying hard to improve our spending/saving habits for the future.

paulsad

Ages 55 & Mrs 56 (Cradle Snatcher)
Earnings
23k ish

House 160k
Cars 5k

Liabilities
Credit cards approx. 12k between 2 of us


Not been too clever with property and lost a good 50k-80k due to downsizing and loss of job over last 5 yrs.
Pension should have been worth a fortune according to the lying bar stewards who "advised" me yrs ago but now cashed in & only worth about £250per month although do have a couple of small company pensions which should bring in a tenner a week on retirement if we survive that long.

Bazofts_Revenge

44 years old - Widower, 1 grown up son still at home.

Income
23000 Salary
1000 Solar income (estimated)
3500 Dividend income (estimated)

Assets
140,000 House
74000 Stocks and Shares
10,000 Vinyl Record collection + Many many collectables.
Minimal cash.
5000 Car (18000 list price got Showroom model for 12000) 6 years old.
10500 Deferred Defined benefit Pension @ 2009 valuation

Liabilities

Mortgage 56000 at base rate + 1% costs me about £840 a year.

partssifu

Single, 26 years old

Salary : Variable

Assets :
Cash - £240000
SIPP - £24000
Funds - £20000

Liabilities : None

Basically I'm far too indecisive/busy as to where/what to invest in and as such am sitting on cash not earning much interest at all.

tell_it_how_it_is

Area: The North

Age: 43
Salary: 30k

House: £140k
Cash ISAs: £40k
Other savings: £5.5k
Premium bonds: £5k
RM shares (cashing in): £1.2k
Pensions: £63k

Mortgage: £25k

Probably naive hope of retiring at 55

guitarman001

excelpaul wrote: »

I say the latter because sometimes the huge assets of some posters on here make me feel a failure!! Its not envy I assure you.
In some cases,amazement that some quite young people have amassed a great deal on fairly average salaries. Best of luck to them but I can't help wondering, How do they do it?

I guess some maybe through inheritance.

+1 and bingo! I was surprised to see some mid-20s with little mortgage AND large savings - surely has to have been inheritance. I live at home and have savings only, and even then I don't think the amount is great. In fact, here it is:

29 y/o, single, income £48.5k


Assets:
Car - £3k
Savings/shares - £48k
Pension: likely £20k or so

Liabilities:
Student Loan - £1.8k

I'm getting no money coming to me whatsoever in the form of inheritance (sucks to see friends getting £200k+, despite the circumstance in which they receive it). Chance of buying a place to live whilst saving for retirement and having a life? Slim (high cost of housing is ruining my generation). Never having kids as can't afford it (again due to insane cost of housing). Worked hard and got a good degree but feel like I should have done better, especially seeing the assets of similarly aged people here.

GlosMark

Age 53. No dependants

Salary 42k
Cash ISAs £46k
Other Savings £28k
S&S ISA £51k
Shares £19k
House £200k-ish
Pension Active member of final salary scheme with the equivalent of 34 years service
Also waiting for probate on an inheritance, which includes 1/3rd of a house.

Debts. Nil apart from day to day credit card use.

So I'd say I'm pretty comfortable.

guitarman001

black_taxi wrote: »

p.s.---a few posts earlier/husband wife who retired earlier for health reasons---total respect and I hope your retirement has been good for you

+1!! Sorry to have read your story and hope times are now happier for you.