ideal life plan

BillJones

Ideally I'd like to have another ten years working in the bank, move into the money management side of things, and end up in Monaco working in wealth management.

If I put in the right effort, in the right way, then there's every chance that this will happen.

And edited to add, I don't want to win the lottery, and don't play it. At the moment, everything that I buy, or do, I feel that I've worked for. I can't imagine being much happier than I am now, and think that I could well end up quite discontented if I felt that what comes later was nearly 100% down to blind chance.

BillJones

RichardD1970 wrote: »

My idea of hell, and would have to be the Euro lottery after quite a few roll overs.

I still thank that Samuel Johnson's quote on this is about right;

"why, Sir, you find no man, at all intellectual, who is willing to leave London. No, Sir, when a man is tired of London, he is tired of life; for there is in London all that life can afford."

I do look forward to a home in the mountains of France, which I'll have one day, but it'll be a wrench if that means giving up a home in London.

melysion

What do you do in the bank at the moment BillJones?

AP007

Win the Euro lottery (at least £50 million)

Sail to NYC on the Queen Mary II with all my family and friends
Give a friend and her family $500,000
Come home and buy a house (nothing too big - about 5 bedrooms)

Buy property and manage a rock band

paulineb_2

Its an 80 million jackpot tonight.

If I won the lottery (I dont do it), Id open an animal sanctuary and Id open a fitness centre, probably smell quite a bit due to sweat and dung, but hey ho.

BillJones

melysion wrote: »

What do you do in the bank at the moment BillJones?

I run a small interest rates trading area, which basically means that I look after a group of people whose job is to buy and sell interest rates exposure from customers and other banks*. A lot of it is options in interest rates, which takes it further from retail clients than even "vanilla" swaps trading.

It's a good, fun job, on the whole. It used to be far higher stress, and far longer hours, but as the money has decreased (and it has, quite significantly in recent years), the hours have reduced to something like 60 a week (80-90 was normal in one of my previous jobs), giving back something of a better life balance.

It's still hard, still intellectually challenging (the other banks are continually looking for an edge to take our deals, win our clients etc.) but I like that. That's the aspect that made me turn away from pure science to something more competitive.

*more accurately, the products are a mixture of interest rates, commodities, inflation, credit etc, but rates is close enough for the purposes of a simple explanation.

Pitchshifter

My ideal life plan would be to save the planet for future generations. Unfortunately it's too late now though.

melysion

BillJones wrote: »

I run a small interest rates trading area, which basically means that I look after a group of people whose job is to buy and sell interest rates exposure from customers and other banks*. A lot of it is options in interest rates, which takes it further from retail clients than even "vanilla" swaps trading.

It's a good, fun job, on the whole. It used to be far higher stress, and far longer hours, but as the money has decreased (and it has, quite significantly in recent years), the hours have reduced to something like 60 a week (80-90 was normal in one of my previous jobs), giving back something of a better life balance.

It's still hard, still intellectually challenging (the other banks are continually looking for an edge to take our deals, win our clients etc.) but I like that. That's the aspect that made me turn away from pure science to something more competitive.

*more accurately, the products are a mixture of interest rates, commodities, inflation, credit etc, but rates is close enough for the purposes of a simple explanation.

Wow - thanks for the description. You clearly love your job

So you used to be a scientist?

BillJones

melysion wrote: »

Wow - thanks for the description. You clearly love your job

So you used to be a scientist?

I did yes. After gaining my degrees I worked in the field for a while, but did not enjoy it. The reality did not match up to what I'd expected down all those years of study, and so I decided to re-train, reinvent myself, and move into something very different.

Cottage_Economy

BillJones wrote: »

I did yes. After gaining my degrees I worked in the field for a while, but did not enjoy it. The reality did not match up to what I'd expected down all those years of study, and so I decided to re-train, reinvent myself, and move into something very different.

That's how I feel right now. I think my career ladder is leaning up the wrong tree. When you say you retrained, what did you do? (Feel free PM me if you'd rather not give out so much info on a public forum.)

My life plan in an ideal world:

Retire in my 40s (41 now)
Buy a smallholding/farm and set up mini-farms that let people practice smallholding (a bit like allotments but on a much bigger plot and with bigger animals)
Buy a flat in the Lake District
Buy a campervan and travel for 1-3 months at a time
Hire a manager to look after smallholding while away
Set up a foundation that goes out and finds individual worthy causes to financially support using the interest off a lump sum of cash
Write a book that could make a real practical difference to everyone who reads it and then give it away for free. A gift to the world if you like.