It's time to start digging up those Squirrelled Nuts!!!!

QrizB

Sea_Shell said:

But it's not just about me (us), it's about friends and family, and the wider economy.
We might have enough room on our lifeboat for us...but not for passengers!!
What if they're "clinging to a wooden door!!!"

Like this, you mean?

https://www.youtube.com/watch?v=IPDxtclZzVU

Sea_Shell

I originally commented before watching the clip....but yes...that door.

Terron

westv said:

Terron said:

I got around to having my front door fixed a couple of months ago. The glass panels had slipped and the mailbox was loose. That seems to have made a big difference to my heating.

I trust its not one of those silly letter boxes that's at ground level rather than in the middle of the door! 

It is in the middle, but now it is not letting the wind through, nor are the glass panels.

MallyGirl

We have a big heavy curtain that pulls across the front door - it has stained glass panels which are not that insulating (but very pretty). In winter I also add a long fabric bag doorstop full of rice across the bottom as there's a big gap. In summer the fluffy dog lies there for the same reason 

Sea_Shell

With all this talk of price hikes, some good news!!

Just received our water bill and we're a little bit in credit, so when deducted from our predicted usage, they're dropping our DD from £30 to £27.*

We've only used 72m³...which is about our usual, I think.😇


* Although we will lose that little bit of 1/2/3 cashback!!

Ganga

SouthCoastBoy said:

Sea_Shell said:

shinytop said:

QrizB said:

Sea_Shell said:

Sadly while it looks great I suspect many 'failing' withdrawal portfolios looked great for the first few years.  You  also need to present it it real inflation adjusted) terms for it to be meaningful.   I'm not saying any info is worse than no info but just that seeing a line go in the right direction for 5 (or even 10+) years doesn't actually mean that the overall outcome will be a success.

We have inflationary adjusted projections on another spreadsheet!! 🤣

"Right direction" for us can even be a gentle downslope, and only HAS to last 10 years (at full spends).

So an 75% drop tomorrow with no recovery would see you on £156k, enough to take £15k6 for ten years? And you're only hoping to spend £15k pa anyway? Sounds like you'll be fine

Not so fast, inflation at what, 10 or 12 percent for a few years on top of the 75% would wipe you out. You're doomed !  You'll have to go back to work or spend even less.  

I think you're joking...Hopefully!!


Well, we'll cross that bridge if we come to it.     We'll still be in a better position than most, if things got that bad!!


There are plenty of things I would go without, if it meant not having to go back to work...but would there be any jobs to go back to if things got that bad, as no one would have any spare money for anything, as it'd all be going on Fuel and Baked Beans, so the wider economy would collapse.

I think 12% inflation on top of a 75% crash would wipe almost everyone out...not to mention people losing the homes if interest rates shot up to try and counter inflation.

So, "end of civilisation as we know it" aside....I'll take my chances!!  

Inflation could run riot in the UK economy again, history often repeats itself. Have a look at UK inflation figures between 1970 and 1982.

And yet we all survived .

shinytop

Ganga said:

SouthCoastBoy said:

Sea_Shell said:

shinytop said:

QrizB said:

Sea_Shell said:

Sadly while it looks great I suspect many 'failing' withdrawal portfolios looked great for the first few years.  You  also need to present it it real inflation adjusted) terms for it to be meaningful.   I'm not saying any info is worse than no info but just that seeing a line go in the right direction for 5 (or even 10+) years doesn't actually mean that the overall outcome will be a success.

We have inflationary adjusted projections on another spreadsheet!! 🤣

"Right direction" for us can even be a gentle downslope, and only HAS to last 10 years (at full spends).

So an 75% drop tomorrow with no recovery would see you on £156k, enough to take £15k6 for ten years? And you're only hoping to spend £15k pa anyway? Sounds like you'll be fine

Not so fast, inflation at what, 10 or 12 percent for a few years on top of the 75% would wipe you out. You're doomed !  You'll have to go back to work or spend even less.  

I think you're joking...Hopefully!!


Well, we'll cross that bridge if we come to it.     We'll still be in a better position than most, if things got that bad!!


There are plenty of things I would go without, if it meant not having to go back to work...but would there be any jobs to go back to if things got that bad, as no one would have any spare money for anything, as it'd all be going on Fuel and Baked Beans, so the wider economy would collapse.

I think 12% inflation on top of a 75% crash would wipe almost everyone out...not to mention people losing the homes if interest rates shot up to try and counter inflation.

So, "end of civilisation as we know it" aside....I'll take my chances!!  

Inflation could run riot in the UK economy again, history often repeats itself. Have a look at UK inflation figures between 1970 and 1982.

And yet we all survived .

I don't think I even noticed.  Flares and tanktops were probably not affected.

Terron

shinytop said:

Ganga said:

SouthCoastBoy said:

Sea_Shell said:

shinytop said:

QrizB said:

Sea_Shell said:

Sadly while it looks great I suspect many 'failing' withdrawal portfolios looked great for the first few years.  You  also need to present it it real inflation adjusted) terms for it to be meaningful.   I'm not saying any info is worse than no info but just that seeing a line go in the right direction for 5 (or even 10+) years doesn't actually mean that the overall outcome will be a success.

We have inflationary adjusted projections on another spreadsheet!! 🤣

"Right direction" for us can even be a gentle downslope, and only HAS to last 10 years (at full spends).

So an 75% drop tomorrow with no recovery would see you on £156k, enough to take £15k6 for ten years? And you're only hoping to spend £15k pa anyway? Sounds like you'll be fine

Not so fast, inflation at what, 10 or 12 percent for a few years on top of the 75% would wipe you out. You're doomed !  You'll have to go back to work or spend even less.  

I think you're joking...Hopefully!!


Well, we'll cross that bridge if we come to it.     We'll still be in a better position than most, if things got that bad!!


There are plenty of things I would go without, if it meant not having to go back to work...but would there be any jobs to go back to if things got that bad, as no one would have any spare money for anything, as it'd all be going on Fuel and Baked Beans, so the wider economy would collapse.

I think 12% inflation on top of a 75% crash would wipe almost everyone out...not to mention people losing the homes if interest rates shot up to try and counter inflation.

So, "end of civilisation as we know it" aside....I'll take my chances!!  

Inflation could run riot in the UK economy again, history often repeats itself. Have a look at UK inflation figures between 1970 and 1982.

And yet we all survived .

I don't think I even noticed.  Flares and tanktops were probably not affected.

I noticed. My father wasn't in a union that was prepared to strike.

tigerspill

SouthCoastBoy said:

Sea_Shell said:

shinytop said:

QrizB said:

Sea_Shell said:

Sadly while it looks great I suspect many 'failing' withdrawal portfolios looked great for the first few years.  You  also need to present it it real inflation adjusted) terms for it to be meaningful.   I'm not saying any info is worse than no info but just that seeing a line go in the right direction for 5 (or even 10+) years doesn't actually mean that the overall outcome will be a success.

We have inflationary adjusted projections on another spreadsheet!! 🤣

"Right direction" for us can even be a gentle downslope, and only HAS to last 10 years (at full spends).

So an 75% drop tomorrow with no recovery would see you on £156k, enough to take £15k6 for ten years? And you're only hoping to spend £15k pa anyway? Sounds like you'll be fine

Not so fast, inflation at what, 10 or 12 percent for a few years on top of the 75% would wipe you out. You're doomed !  You'll have to go back to work or spend even less.  

I think you're joking...Hopefully!!


Well, we'll cross that bridge if we come to it.     We'll still be in a better position than most, if things got that bad!!


There are plenty of things I would go without, if it meant not having to go back to work...but would there be any jobs to go back to if things got that bad, as no one would have any spare money for anything, as it'd all be going on Fuel and Baked Beans, so the wider economy would collapse.

I think 12% inflation on top of a 75% crash would wipe almost everyone out...not to mention people losing the homes if interest rates shot up to try and counter inflation.

So, "end of civilisation as we know it" aside....I'll take my chances!!  

Inflation could run riot in the UK economy again, history often repeats itself. Have a look at UK inflation figures between 1970 and 1982.

However, dies the government not now have a much better understanding of how to control inflation?

Bravepants

tigerspill said:

SouthCoastBoy said:

Sea_Shell said:

shinytop said:

QrizB said:

Sea_Shell said:

Sadly while it looks great I suspect many 'failing' withdrawal portfolios looked great for the first few years.  You  also need to present it it real inflation adjusted) terms for it to be meaningful.   I'm not saying any info is worse than no info but just that seeing a line go in the right direction for 5 (or even 10+) years doesn't actually mean that the overall outcome will be a success.

We have inflationary adjusted projections on another spreadsheet!! 🤣

"Right direction" for us can even be a gentle downslope, and only HAS to last 10 years (at full spends).

So an 75% drop tomorrow with no recovery would see you on £156k, enough to take £15k6 for ten years? And you're only hoping to spend £15k pa anyway? Sounds like you'll be fine

Not so fast, inflation at what, 10 or 12 percent for a few years on top of the 75% would wipe you out. You're doomed !  You'll have to go back to work or spend even less.  

I think you're joking...Hopefully!!


Well, we'll cross that bridge if we come to it.     We'll still be in a better position than most, if things got that bad!!


There are plenty of things I would go without, if it meant not having to go back to work...but would there be any jobs to go back to if things got that bad, as no one would have any spare money for anything, as it'd all be going on Fuel and Baked Beans, so the wider economy would collapse.

I think 12% inflation on top of a 75% crash would wipe almost everyone out...not to mention people losing the homes if interest rates shot up to try and counter inflation.

So, "end of civilisation as we know it" aside....I'll take my chances!!  

Inflation could run riot in the UK economy again, history often repeats itself. Have a look at UK inflation figures between 1970 and 1982.

However, dies the government not now have a much better understanding of how to control inflation?

Inflation is controlled by meeting demand by increasing production to meet demand, or by increasing interest rates to reduce demand. There's not much else in the equation really.