24. £100,000 No help.

IronWolf

you've got plenty of time to decide what to do with it. From the sums it sounds like buying this other house is a good idea, make sure you keep an emergency pot of cash should you need it.

I would probably think about changing jobs if you're not enjoying it, and perhaps you can use some of the money to keep you going while you retrain for something else that you will enjoy more.

ChesterDog

voltec wrote: »

If I get to 50...anything can happen.

Then don't forget to allow for the possibility that you might. And well beyond.

racing_blue

100 baby boys born today:
98 will be alive aged 24
90 will be alive aged 55
78 will be alive aged 67

http://life-span.healthgrove.com/l/25/24

Extrapolating, a 24 year old has a 80% chance (78/98) of living to pensionable age. Aged 24, you can expect to live for another 53 years on average. Arguably less if high voltage electricity is involved.

I don't want to be the merchant of doom here, but there is data

TheTracker

racing_blue wrote: »

Extrapolating, a 24 year old has a 80% chance (78/98) of living to pensionable age. Aged 24, you can expect to live for another 53 years on average. Arguably less if high voltage electricity is involved.

I don't want to be the merchant of doom here, but there is data

As of 2011 a 20 year old male (he was 20 in 2011) in the UK had a 19% chance of reaching 100, so it's much more likely than 80% he will reach pensionable age. There is data and then there is data. Looks like on average another 56 years.

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/223173/centenarians_by_age_groups.pdf

gadgetmind

I was quite a wild child in my 20s, but I still started a pension. I also started feeding money into PEPs (now ISAs) and have never touched a penny of this money as it's to fund a life as leisure as early as possible.

Others choose different trajectories, perhaps a "lifestyle career" (I know a few who drift around the world as scuba instructors, happy but penniless), or maybe undemanding "jobs" rather than a career as such.

I'm quite "handy" myself, and could be happy restoring houses, but recognise that it's a full time job that is often both physically and emotionally hard work.

atush

voltec wrote: »

No weekend scam nonsense. I don't want to pay into a pension, I could die tomorrow so planning for retirement isn't me. Plus I never see myself being fully retired, I like to keep busy.

You also could live to 100. Why all this I could die tomorrow? The pension wont disappear, dont you have family to leave it too? After all, you die tomorrow and your house and 50K would go too- no pockets in a shroud?

You really need to stop being anti pension. They have a place in your financial affairs, no matter how many properties you own.

If you hate your job as much as you say, then maybe you should use some of that money to retrain in another field?

clear_as_mud

Forgive me if this sounds rude, but if I was you, I would sell up, take everything I have and go and buy myself a totally new life.
Get a new house to live in, a new job and definitely a hobby of some kind. A girlfriend or at least some new friends may improve your mood as well.

You sound resentful that your parents had no money, you feel aggrieved you have never had a helping hand in life, had the worst school/teachers in the world telling you that you would fail. You don't like your job etc...
It all just sounds fairly depressing.

le_loup

clear_as_mud wrote: »

It all just sounds fairly depressing.

No it isn't, it sounds like Kevin having a whine about how unfair life is.
Get a grip folks, this is a wind up, it will stop tomorrow.

BucksLady

Well done for doing so well and achieving so much

I hope you don't mind me saying, but you do sound very bored indeed.
Have you ever taken a look at 'career aptitude tests'? - it might be worth taking a look if you haven't. These tests are designed to focus upon your strengths and weaknesses - and hopefully make a few good suggestions about possible careers

Here is an example http://www.whatcareerisrightforme.com/

TheTracker

Sounds like a 24 year old to me. One who is doing well. Bored? Looking for direction? A feeling of - is that it? I remember that at 24.

He appears to have saved 45k in 6 years as well as pay a mortgage. If he can continue stuffing away £600 quid a month and get 5% on it he'll have a nice £750k kitty when he is age 55. I wonder how many of those here were, are, or will be in that position.