I think you don't understand the bit about new, higher productivity equipment. My current equipment enables me to work with low productivity. And I have no time to save money on a low hourly income.
I think you don't understand the bit about new, higher productivity equipment. My current equipment enables me to work with low productivity. And I have no time to save money on a low hourly income.
So you're just going to be doing less work and your income will remain the same?
If so I can see why a bank would be even more reluctant to lend the money.
Also, in case some global disaster happens and my services will no longer be required, I will be able to sell the bigger van I am currently about to buy. That way I will be able to repay the debt.
I think you don't understand the bit about new, higher productivity equipment. My current equipment enables me to work with low productivity. And I have no time to save money on a low hourly income.
So you're just going to be doing less work and your income will remain the same?
If so I can see why a bank would be even more reluctant to lend the money.
No. I want to work for the same amount of hours as up to now and to achieve a 50 per cent higher income.
I think you don't understand the bit about new, higher productivity equipment. My current equipment enables me to work with low productivity. And I have no time to save money on a low hourly income.
So you're just going to be doing less work and your income will remain the same?
If so I can see why a bank would be even more reluctant to lend the money.
No. I want to work for the same amount of hours as up to now and to achieve a 50 per cent higher income.
Thats what a business does they save the profits and use it to make the business batter by buying equipment or hire staff thus increasing profits and then investing more into the husiness
You have 15k in savings use that and then when you have the kit you will be able to replenish the money quicker than you had previously.
Dont borrow money for just in case as you woild need to fund the monthly payments straight away as well as your living costs
Replies
If so I can see why a bank would be even more reluctant to lend the money.
Thats what a business does they save the profits and use it to make the business batter by buying equipment or hire staff thus increasing profits and then investing more into the husiness
You have 15k in savings use that and then when you have the kit you will be able to replenish the money quicker than you had previously.
Dont borrow money for just in case as you woild need to fund the monthly payments straight away as well as your living costs
Actual mortgage stating amount £75,150
Overpayment start date 1/3/23.
Starting balance £66,565.45
Current balance £63,787.16