Loans better than overtime?

System

Torbrex - if you kept the 100£ loan let's say, its a £10 loss, a charge for a credit service, factor that into its effect on hourly wages and its spread over all the hours I work, making it smaller, you'd have to do a fair few hours to raise the cash from workibg , possibly more in total over the year?

System

You will have more money for working lots of overtime, but you would have to put in a disproportionate amount of work to do it, you don't see the tax you're paying because we only consider the net

nidO

No, you have to put in an exactly proportionate amount of work to do it.

I'm really struggling to see exactly what point you're trying to make or what you're not grasping.
Loans cost money.
Work earns money.

The exact amount a loan cost or work earns is irrelevant, earning is better than costing.

torbrex

MatthewAinsworth wrote: »

Torbrex - if you kept the 100£ loan let's say, its a £10 loss, a charge for a credit service, factor that into its effect on hourly wages and its spread over all the hours I work, making it smaller, you'd have to do a fair few hours to raise the cash from workibg , possibly more in total over the year?

But you don't get to keep the loan, that has to be paid back along with the charges.

System

Thinking of a minimum # of hours required to pay a mortgage, rather than minimum span of years

torbrex

I'm starting to think someone is home from school and bored.

System

Just making the work we do do go the furthest, avoiding tax at a cost of interest?

[Deleted User]

Tax evasion. That's the secret.

System

I'd say avoidance, and maximising time with little one but still being able to get married and pool money into a buy to let trust

System

Work with all that tax seems like a lousy way to make money compared to riding the property market and getting tax credits