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Enough money to retire at 26?

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Comments

  • Goldiegirl
    Goldiegirl Posts: 8,806 Forumite
    Part of the Furniture 1,000 Posts Rampant Recycler Hung up my suit!
    berbastrike wrote: »
    Goldiegirl, inflation would very rarely be higher than interest rates.

    Read sproggi's post #106 - the facts are explained perfectly.
    peachyprice wrote: »
    Oh for goodness sake, he's not serious about it, his whole 'life' is a pack of lies.

    I know, but I was just giving benefit of the doubt!

    If there's not a post on the pensions board by tomorrow morning, I'll know for sure that this thread is based on a fantasy
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
  • System
    System Posts: 178,349 Community Admin
    10,000 Posts Photogenic Name Dropper
    I give up, I thought the plan was realistic but it appears not
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • Goldiegirl
    Goldiegirl Posts: 8,806 Forumite
    Part of the Furniture 1,000 Posts Rampant Recycler Hung up my suit!
    berbastrike wrote: »
    Sproggi, you are wrong. Cost of living would always go up LESS than the interest received every year

    Interest rate greater than inflation rate, whether its on £3 or £300k

    Actually, I think you are beyond help
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
  • Goldiegirl
    Goldiegirl Posts: 8,806 Forumite
    Part of the Furniture 1,000 Posts Rampant Recycler Hung up my suit!
    berbastrike wrote: »
    I give up, I thought the plan was realistic but it appears not

    I take it back, you've listened to advice!
    Early retired - 18th December 2014
    If your dreams don't scare you, they're not big enough
  • redcard
    redcard Posts: 1,563 Forumite
    Part of the Furniture Combo Breaker
    berbastrike wrote: »
    I give up, I thought the plan was realistic but it appears not

    Let's be honest, you don't even have a plan to earn the £300K nevermind invest it for retirement
    Hope over Fear. #VoteYes
  • redcard
    redcard Posts: 1,563 Forumite
    Part of the Furniture Combo Breaker
    Goldiegirl wrote: »
    I take it back, you've listened to advice!

    No, you give him too much credit. Read the thread, he isn't good at listening to anything.

    He just got bored annoying gullible old people.
    Hope over Fear. #VoteYes
  • peachyprice
    peachyprice Posts: 22,346 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    berbastrike wrote: »
    I give up, I thought the plan was realistic but it appears not

    Until the next episode of Jackanory :wave:

    A tip for you: before you make up your next fairy tale read over your previous posts to get your 'facts' straight, more people will [STRIKE]get sucked in by[/STRIKE] believe you for longer
    Accept your past without regret, handle your present with confidence and face your future without fear
  • System
    System Posts: 178,349 Community Admin
    10,000 Posts Photogenic Name Dropper
    redcard wrote: »
    Let's be honest, you don't even have a plan to earn the £300K nevermind invest it for retirement

    I have the money but not the life plan
    This is a system account and does not represent a real person. To contact the Forum Team email forumteam@moneysavingexpert.com
  • peachyprice
    peachyprice Posts: 22,346 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    berbastrike wrote: »
    I have the money but not the life plan

    Or the house
    Accept your past without regret, handle your present with confidence and face your future without fear
  • sproggi
    sproggi Posts: 1,560 Forumite
    Part of the Furniture Combo Breaker Debt-free and Proud!
    berbastrike wrote: »
    Sproggi, you are wrong. Cost of living would always go up LESS than the interest received every year

    Interest rate greater than inflation rate, whether its on £3 or £300k

    Read up on the RPI Retail Prices Index.
    In July it was 2.5%, I don't recall banks paying that amount on savings.

    Also, not everything increases at the rate of inflation, take train fares for example, they have been going up by inflation (rates according to the RPI) PLUS between 1% and 2%.
    You quite possibly do not use trains, but I am trying to give you an
    example that you might understand.
    'We can get over being poor, but it takes longer to get over being ignorant'
    Jane Sequichie Hifler
    Beware of little expenses.A small leak will sink a great ship
    Benjamin Franklin
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