Enough money to retire at 26?

sproggi

berbastrike wrote: »

The £7500 comes from withdrawing it from the savings each year.

Interest gained covers inflation

I understand that, but have you factored in that the interest that you will receive (to cover inflation) will fall each year?

Upsidedown_Bear

You did do well delivering leaflets

https://forums.moneysavingexpert.com/discussion/3599171

System

sproggi wrote: »

I understand that, but have you factored in that the interest that you will receive (to cover inflation) will fall each year?

It doesn't work like that, but I know what you are trying to say.

The inflation on the amount in the bank will decrease too.

Kitty777

berbastrike wrote: »

Yes, would like a girlfriend but don't think I'll get one

I'm free :rotfl:

Upsidedown_Bear

Kitty777 wrote: »

I'm free :rotfl:

That's good because he doesn't have much money to spend

Kitty777

Upsidedown_Bear wrote: »

That's good because he doesn't have much money to spend

So? I am not in it for the cash, I am after him for free leaflets.

peachyprice

Kitty777 wrote: »

So? I am not in it for the cash, I am after him for free leaflets.

But you'll have to move in with his parents and live in a room full of boxes of leaflets :rotfl:

sweetilemon

Hmmm I was going to comment something like...what job do you do? There is someone out there for everyone - 26 isn't an age to give up on love! If you want more time why not think about a job with less hours? It would give you more financial freedom.

Then I read the previous posts and thought someone might be telling porky pies...

[Deleted User]

I retired 18 years ago at the age of 38. I live off about £5k a year.

peachyprice wrote: »

You're living in cloud cuckoo land if a) you think appliances will last 10yrs and b) that's how much they cost.

No he isn't, most of my appliances are donkeys years old:

Cooker: 20yr old, replaced a 50 yr old one a couple of years ago,
Freezer: 14, replaced a 12 yr old one,
Washer dryers: same as freezer,
HiFi: 30 yr old,
TV: 5yr, replaced a 30 yr old one,
PVR/DVD: 6yr,
Fridge: I've just replaced a 45 yr old one that was still working,
Kitchen telly: 27,
Microwave: 25 yr old hand me down,
Shower: 16,
Boiler 32,
Sewing machine: 50.

Furniture:
Lounge suite: 31 yr,
Bed: 24,
Dining room: 60-65yr, not sure.

peachyprice

jack_pott wrote: »

I retired 18 years ago at the age of 38. I live off about £5k a year.



No he isn't, most of my appliances are donkeys years old:

Cooker: 20yr old, replaced a 50 yr old one a couple of years ago,
Freezer: 14, replaced a 12 yr old one,
Washer dryers: same as freezer,
HiFi: 30 yr old,
TV: 5yr, replaced a 30 yr old one,
PVR/DVD: 6yr,
Fridge: I've just replaced a 45 yr old one that was still working,
Kitchen telly: 27,
Microwave: 25 yr old hand me down,
Shower: 16,
Boiler 32,
Sewing machine: 50.

Furniture:
Lounge suite: 31 yr,
Bed: 24,
Dining room: 60-65yr, not sure.

And were all those things that have lasted so long the cheapest available at the time?

You missed this part of my post, if you're going to quote please don't take out bits that don't suit your POV

Yes, you can get quality appliances that may last that long, but not at those prices, try 3 times as much or lasting 1/3 of the time you believe.