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My very ambitious way to get £60k in 48 months…
Comments
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What happens to your plan if you are unfortunate enough to not be able to work for one reason or another?0
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Band7 said:What happens to your plan if you are unfortunate enough to not be able to work for one reason or another?I’ll either fix twice a year or once per year each going back into the nest I have built myself.That nest will not be used in risky investments.0
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Contro1 said:Band7 said:What happens to your plan if you are unfortunate enough to not be able to work for one reason or another?I’ll either fix twice a year or once per year each going back into the nest I have built myself.That nest will not be used in risky investments.2
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Contro1 said:Band7 said:What happens to your plan if you are unfortunate enough to not be able to work for one reason or another?I’ll either fix twice a year or once per year each going back into the nest I have built myself.That nest will not be used in risky investments.1
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Contro1 said:Michael121 said:If your making £45 an hour, forget everything else, work 12 hours a day 6 days a week and milk it whilst you can.
this week has been a bit slow for me, no I don’t take a week for quotes. What I meant was that because it was slow I sent quotes out as I was quiet. Ie. Ones that I have seen for a few days ago and settled up.
I’ve had 3 accepted so far, all modest I guess and wouldn’t take ages to do but values are important.You see I sat behind a desk for 15 years and well, thank Christ for covid really kicked me up my backside to go and learn a trade. Yes unfortunately to have it (twice I may add - and with the unfortunate way the UK handled it) however I now have the knowledge to do stuff that people do not like doing.
People around me are genuinely very happy to pay me the rate I want because I’m a lot cheaper than the 3 guys doing it all the time.
if work drys up I’ll go work on a building site for a month while advertising. I’ve got work all over the place for “gaps” which is lucky.7 -
Fphelp123 said:Contro1 said:Michael121 said:If your making £45 an hour, forget everything else, work 12 hours a day 6 days a week and milk it whilst you can.
this week has been a bit slow for me, no I don’t take a week for quotes. What I meant was that because it was slow I sent quotes out as I was quiet. Ie. Ones that I have seen for a few days ago and settled up.
I’ve had 3 accepted so far, all modest I guess and wouldn’t take ages to do but values are important.You see I sat behind a desk for 15 years and well, thank Christ for covid really kicked me up my backside to go and learn a trade. Yes unfortunately to have it (twice I may add - and with the unfortunate way the UK handled it) however I now have the knowledge to do stuff that people do not like doing.
People around me are genuinely very happy to pay me the rate I want because I’m a lot cheaper than the 3 guys doing it all the time.
if work drys up I’ll go work on a building site for a month while advertising. I’ve got work all over the place for “gaps” which is lucky.“So we beat on, boats against the current, borne back ceaselessly into the past.”5 -
No one is ignoring sensible advice.
i have a long history within computers. No office job, I’m done with that.
i do have some updates as I have made some mistakes.
crypto - £983 I don’t have much in Bitcoin if anything waiting for alt season.I made a mistake with my S&S isa as I had £80 not £90.
so that £80 has lost 0.16% and it’s now worth £79.87.One of my pension pots has gone up to £27,300.£500 into the forex market now. No activity we’ve been setting up.
still Have my fixed atom £42,000.
work wise has been OK so far. Waiting on some parts to be delivered to finish off one job.
finished off another job Monday, 2 on Tuesday and one yesterday.My earnings are a little off at the moment because I’ve not had anyone pay just yet. Easter has killed people.
got a cracking 2 day job coming up on Friday. so I’m very happy with that.Just as an fyi for everyone. We’re trading on 0.01 lots on forex so it’s less risky.Again; always thankful for the advice from everyone..1 -
Contro1 said:bostonerimus said:This is one of those threads that I have difficulty with. The plan is so bizarre that it might be a troll, but if it is true the red flags are including friends and an overly optimistic attitude to risk and a short term approach. There are plenty of sensible ways to save money and get some return through investments and they tend to be quite boringagain, the loan repayment from the friend it was risky but there finally paying me back
I really can't understand the point of £80 in a S&S ISA but putting money is a scattergun approach of various other things that are much higher amounts. Fund it properly or close it, there seems little point in £80 when you have £40k elsewhereContro1 said:I made a mistake with my S&S isa as I had £80 not £90.
so that £80 has lost 0.16% and it’s now worth £79.87. .Remember the saying: if it looks too good to be true it almost certainly is.1 -
jimjames said:Contro1 said:bostonerimus said:This is one of those threads that I have difficulty with. The plan is so bizarre that it might be a troll, but if it is true the red flags are including friends and an overly optimistic attitude to risk and a short term approach. There are plenty of sensible ways to save money and get some return through investments and they tend to be quite boringagain, the loan repayment from the friend it was risky but there finally paying me back
I really can't understand the point of £80 in a S&S ISA but putting money is a scattergun approach of various other things that are much higher amounts. Fund it properly or close it, there seems little point in £80 when you have £40k elsewhereContro1 said:I made a mistake with my S&S isa as I had £80 not £90.
so that £80 has lost 0.16% and it’s now worth £79.87. .Yes, I guess little point for you. I like to see numbers either grow or decline.
im working towards something, this is my way forward. Filling accounts up as I go along..1 -
Not a fan of FX trading or bitcoin.
If you are serious about investing your money for a decent return, do your research and do things properly.
You are better off putting your money in a decent interest paying account than Crypto and Fx trading because a lot of people lose their money.
Also I will be careful with lending friends and family money you are not willing to lose.
I am also in my 30s and what I am invested in are
property
Vanguard global index funds
Barclays 1 year ISA fixed savings account paying 3.2%
Santander eSaver account paying 3.2%
Workplace pension contribute £420 pm higher rate tax payer
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