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Turning Straw into Gold: Creating Long Term Security & A Solid Home
Comments
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@in_need_of_direction it's difficult to say, as it would involve moving to another part of the country. (It's about 4 hours drive away from where I am now). It's a senior role but the pay scale is similar to what I am on now, though I could probably negotiate to be further up it, as it would be more responsibility. It would involve living in a part of the country where costs are higher, which is a down side.
Updated last day of the month… focus, improving overall net wealth…
Mortgage: starting at -£222,469 (Jan 26) now at -£221,205 (May 26)
Postgrad Loan: starting at -£8,974 (Jan 26) now at -£8,015 (May 26)
Personal Loan: starting at -£11,466 (Jan 26) now at -£10,689 (May 26)
Emergency Fund: starting at £5,511 (Jan 26) now at £2,529 (May 26)
Investments: starting at £50 (Jan 26) now at £658 (May 26)
Jan 27 Tax Fund: £1,621 / £3,298.
Net Wealth: starting at £18,778 (May 26) now at £18,778 (May 26)
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@Dakota_Rose yes, true, it's good to get an interview. I have lost a bit of confidence in my current workplace as I've been rejected a couple of times for internal roles, where I always previously found it possible to get roles when I've worked elsewhere. I would have to see what sort of relocation package they could offer, if I got the other job, as I imagine my house would be difficult to sell as it needs work, and for various reasons it wouldn't be possible to rent it out. So if I got the job across the country, then I would need to sell up here and probably rent a room in the new location whilst I tried to sell my house. They may offer a package to support that if I got the job, but all of that feels very tenuous, and I have no idea whether I would even get it.
If I really wanted to leave my current role I may be better off selling my house first and going into a rental, so that I can be flexible enough to easily jump if a great role came up elsewhere. Realistically, I don't have any ties to any particular part of the country and could move anywhere if I don't have the house. This job situation has thrown me, as I have a lot of disappointment about it and it's affected my feelings about my workplace more than I expected. I had been trying to settle here based on work but I'm a bit disillusioned about that now, as I don't think it's likely I'd get anywhere in my career here and I feel really turned off by that.
Updated last day of the month… focus, improving overall net wealth…
Mortgage: starting at -£222,469 (Jan 26) now at -£221,205 (May 26)
Postgrad Loan: starting at -£8,974 (Jan 26) now at -£8,015 (May 26)
Personal Loan: starting at -£11,466 (Jan 26) now at -£10,689 (May 26)
Emergency Fund: starting at £5,511 (Jan 26) now at £2,529 (May 26)
Investments: starting at £50 (Jan 26) now at £658 (May 26)
Jan 27 Tax Fund: £1,621 / £3,298.
Net Wealth: starting at £18,778 (May 26) now at £18,778 (May 26)
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I can understand the disappointment you are feeling right now, and it will have you questioning what your next step should be. One thing that is evident is that you seem to have skills companies want if you are getting interviews. It is strange how we look at things differently after work gives us reason to doubt things.
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I always think it’s best not to make any big decisions while feeling emotional or going through any sort of crisis in life. Perhaps it’s not the right time to be making such a big decision with so many complicating factors involved? Not least with the pay not compensating for the upheaval involved? However, I am extremely risk-averse as a person and I expect others will have examples of when they’ve taken a leap of faith and it’s paid dividends. Only you will know what’s right for you and I completely understand that feeling of rejection can force our hands sometimes.
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@FootyFanDan, Yes it has been good to know I do have skills that are wanted. I am very much looking at things differently now. I've always been a loyal sort, but as I've gotten older I've realised it's maybe kept me in places too long. There is realistically no reason to stay or go, other than what I'd like to do most (unclear).
@Dakota_Rose, Good point on not making decisions at difficult times. I will probably go to the interview just because it's interesting to see what's out there - I had been very inwards-focused until now at my current workplace and this has really opened my eyes to the fact there may be better opportunities out there. It may be a waste of time as I may not get the job, or may not like not like the place etc. Or it may be wonderful and I'd find a way to make it work. Most likely outcome is that I freak myself out and reaffirm my commitment here.
I've done it a few times where I've moved across the country and I have no connection to the place I'm in other than that I bought a house here as it's a cheap area within driving distance to work. I do feel tired at the idea of having to start all over again, but I'm quite tired anyway and I'd probably find the energy ("a change is as good as a rest" comes to mind). My current state of mind is to feel very drawn to the idea of saying "sorry, I got something better" and flying away into the distance (what a satisfying thought that is 🤣). Over time I feel less and less attached to places and this has felt a bit "last straw" in the path to indifference 😒.
Updated last day of the month… focus, improving overall net wealth…
Mortgage: starting at -£222,469 (Jan 26) now at -£221,205 (May 26)
Postgrad Loan: starting at -£8,974 (Jan 26) now at -£8,015 (May 26)
Personal Loan: starting at -£11,466 (Jan 26) now at -£10,689 (May 26)
Emergency Fund: starting at £5,511 (Jan 26) now at £2,529 (May 26)
Investments: starting at £50 (Jan 26) now at £658 (May 26)
Jan 27 Tax Fund: £1,621 / £3,298.
Net Wealth: starting at £18,778 (May 26) now at £18,778 (May 26)
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Having a no spend day today and staying home whilst I decide what to do. Yesterday I was told that I can't have a training opportunity at work after all, which I had been told I would have coming up. They said they would fund this as it would be important for my career progress, but they have now backed out.
I got a bit of a crappy generic email saying my project proposal for it wasn't good enough and needs redeveloping (after they previously said it was good) and that I needed to have applied sooner (when I had applied as soon as it was advertised; I think I put the application in the same day it came out, as I had been waiting). This made me think that they probably just copied and pasted the message saying I hadn't got it 🙄.
It's made me think of Hanlon's razor: "Never attribute to malice that which can be adequately explained by neglect", because I have been doing all sorts of paranoid thinking about whether they are sending me a message I'm not seen as worthy of investment there and should leave. But I think realistically there's a level of disorganisation where no one has thought to notice that this might make me feel like poop at the moment.
It's going to be a weekend of working on my laptop under a duvet to get caught up. Yesterday I bought sandwich stuff, so I can make cheap and easy things and I won't need any more shopping before I get paid.
Updated last day of the month… focus, improving overall net wealth…
Mortgage: starting at -£222,469 (Jan 26) now at -£221,205 (May 26)
Postgrad Loan: starting at -£8,974 (Jan 26) now at -£8,015 (May 26)
Personal Loan: starting at -£11,466 (Jan 26) now at -£10,689 (May 26)
Emergency Fund: starting at £5,511 (Jan 26) now at £2,529 (May 26)
Investments: starting at £50 (Jan 26) now at £658 (May 26)
Jan 27 Tax Fund: £1,621 / £3,298.
Net Wealth: starting at £18,778 (May 26) now at £18,778 (May 26)
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Make sure you prioritise some time for yourself too!
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Thanks @Dakota_Rose, I am going to try to get out for a walk and read a book ❤️
I've not been as on top of things as much as I normally would this past month and everything has sped away from me, so I've piles of tasks to get a grip of that people are waiting for, and the house is a tip.
Updated last day of the month… focus, improving overall net wealth…
Mortgage: starting at -£222,469 (Jan 26) now at -£221,205 (May 26)
Postgrad Loan: starting at -£8,974 (Jan 26) now at -£8,015 (May 26)
Personal Loan: starting at -£11,466 (Jan 26) now at -£10,689 (May 26)
Emergency Fund: starting at £5,511 (Jan 26) now at £2,529 (May 26)
Investments: starting at £50 (Jan 26) now at £658 (May 26)
Jan 27 Tax Fund: £1,621 / £3,298.
Net Wealth: starting at £18,778 (May 26) now at £18,778 (May 26)
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It sounds like work is really tough at the minute, please take some time for you as well.
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Sorry work is tough, it does sometimes feel that everything all piles on at once. Hope you manage to relax this weekend
"Good financial planning is about not spending money on things that add no value to your life in order to have more money for the things that do". Eoin McGee0
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