Increasing your Net Worth
Options
Comments
-
- Discovering this forum has been one.of the best decisions I ever made....nothing else has come close so far for helping to direct my learning and development on investments and pensions etc- Taking a leap of faith with my career when I was fearful. Not just the immediate financial benefit but also the career development to help me secure higher paid work in the future. Sounds obvious I know but it can be tough navigating.such decisions in life.
- Marrying a life partner who has a similar mindset on spending i.e: won't leave you broke!1 -
Rich parents who died young.3
-
HHarry said:Rich parents who died young."We act as though comfort and luxury are the chief requirements of life, when all that we need to make us happy is something to be enthusiastic about” – Albert Einstein2
-
KoalaK32 said:What’s the best financial decision you’ve made that helped boost your net worth? Also, what tool do you use to keep track of your net worth?
I don't track my net worth actively. Every so often I will check my account levels on various websites.“So we beat on, boats against the current, borne back ceaselessly into the past.”0 -
Paying off the mortgage in less than 10 years, then able to max out the ISA for the next 35. Maybe the wrong way round now, but the timing might just have been right in the days of high interest rates and house price inflation. Excel is all you need.2
-
annabanana82 said:Taking critical illness cover, after 14 payments we were able to claim a 6 figure sum.
Details are all in my head, really need to put it in a spreadsheetRemember the saying: if it looks too good to be true it almost certainly is.0 -
I'm trying to REDUCE our net worth. Need to get rid of £200K before the second of us dies - can't spend it fast enough. After a life of frugality it's hard to spend and not look for YS items in the supermarket. Already DOV £180K away... still working on the rest. First world problems!#2 Saving for Christmas 2024 - £1 a day challenge. £325 of £3663
-
jimjames said:annabanana82 said:Taking critical illness cover, after 14 payments we were able to claim a 6 figure sum.
Details are all in my head, really need to put it in a spreadsheet
We chose not to pay off the mortgage as it was quite affordable, but now have a good safety net and we could take time to decide how best to use the money.
My OH hasn't made a full recovery but is much better and jokes it was his best days work.
I hope you are in good health now.Make £2023 in 2023 (#36) £3479.30/£2023
Make £2024 in 2024...2 -
- signing up to a DB pension whilst at uni working a weekend job. Ended up staying there 12 years after working my way up.- changing career after the DB pension was closed to go work in finance & learn tons.- starting to invest instead of save. Wish I’d known about investing sooner.Track mine one excel0
-
Contributing to a continuously to a company pension scheme since I was 18.
A dream is not reality, but who's to say which is which?3
Categories
- All Categories
- 343.6K Banking & Borrowing
- 250.2K Reduce Debt & Boost Income
- 449.9K Spending & Discounts
- 235.8K Work, Benefits & Business
- 608.8K Mortgages, Homes & Bills
- 173.3K Life & Family
- 248.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 15.9K Discuss & Feedback
- 15.1K Coronavirus Support Boards