Menswear: Anyone else still renting at 46 years old?


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Razorlight123
Razorlight123 avatar

4519 posts since 13/1/10

posted 17 Nov 2019 19:23, edited 17 Nov 2019 19:23
smokie wrote:
MLI wrote: How old are you?

38 here.
Investing in stocks helped me in collecting some money over the years, maybe have a look into that.
With about 10k you are ready to go.
Stay away from the cryptos though, lost like 20 grand a year ago.

Short gains can easily be made from crypto, just don't buy on the high.
edlo
edlo avatar

619 posts since 13/9/14

17 Nov 2019 19:25
smokie wrote:
MLI wrote: How old are you?
Stay away from the cryptos though, lost like 20 grand a year ago.

How did you manage that?
smokie
smokie avatar

200 posts since 5/10/11

17 Nov 2019 19:35
Came late to the party, went in big, too greedy.
Invested a lot into Ethereum which crashed a little later. I bought ETFs instead of real cryptos and couldn‘t sell them at night / on the weekend when the big crashes came, no stop losses helped then either.
When investing in stocks, I always tried to buy dips or buy low / sell high in general.
Totally forgot my principles when dealing with cryptos out of greed, lesson learned the hard way.
MLI
MLI avatar

4600 posts since 6/10/09

18 Nov 2019 10:09
10k GBP = $20,000..will take me a while to build up to that level
sydneyking
sydneyking avatar

4618 posts since 26/9/09

18 Nov 2019 10:26
If you can save $800 a month it’ll take you just over 2 years. You can save almost $50k in 5 years
MLI
MLI avatar

4600 posts since 6/10/09

posted 19 Nov 2019 08:48, edited 19 Nov 2019 08:48
yep and in 2025 I'll need 100K to get in though. I'll also be 51 with only 19 years more of compulsory work, (if I stay employed for the full 19 years, a lot of people in their 60s are out of work now and still required to work by the government. Pension age is over 70 for a lot of people now) not enough time to pay off a mortgage to a bank.

I guess I fucked up my life by wasting that 6 or so years in Japan being an eikaiwa monkey for peanuts. All my retirement savings from working at the supermarket were eaten up in fees over that time. So I started from scratch at 38 again when I got the "steady" job at the data entry pit. Got $20,000 compulsory retirement savings at 46, expected to have $50K when I retire. Still have $30k student loan debt from my undergrad 25 years ago. It just accumulated during those low paying jobs in the supermarket and while working overseas.

I'm so fucked
stoney
stoney avatar

17440 posts since 22/1/05

19 Nov 2019 08:52
Marry a rich old bird
swede
swede avatar

8226 posts since 21/3/09

19 Nov 2019 08:55
Crackajack wrote: Some good arguments for more socialist policies being in place over the last few decades here. Find it odd you seem a right winger given your own life experience tbh Mil.

was thinking this Laughing out loud just like all the working class here voting tory. fucking stupid


swede
swede avatar

8226 posts since 21/3/09

19 Nov 2019 08:55
edlo wrote:
smokie wrote:
MLI wrote: How old are you?
Stay away from the cryptos though, lost like 20 grand a year ago.

How did you manage that?

pm jordan. holding some extremely heavy bags now
MLI
MLI avatar

4600 posts since 6/10/09

19 Nov 2019 08:56
nah could never look at a woman older than me naked.

just wait for my fucking parents to fucking die.

My only hope. Only thing is their generation live for fucking ever. Will probably outlast me. fuck.
MLI
MLI avatar

4600 posts since 6/10/09

19 Nov 2019 08:59
swede wrote:
Crackajack wrote: Some good arguments for more socialist policies being in place over the last few decades here. Find it odd you seem a right winger given your own life experience tbh Mil.

Whatya talking about?

The only commies I know are the people that have already made it, feel guilty and have time and money to be socially progressive, mostly to heap praise upon themselves and signal their virtue.

I'm just a dude that wants to get ahead but big G and the system keep holding me back. I don't give a shit about being virtuous or saving the fucking planet. I want to save myself.

I want a free market, lower taxes and no interference with housing. Then I could get in.

Fucking establishment/Babylon
Peregrine
Peregrine avatar

1000 posts since 17/6/09

19 Nov 2019 09:55
Hate to lob a bomb in here but…this kind of victim mentality amongst people is the reason they stay fucked. If you don’t realise that you should accept things as they are and try to use any means at your disposal to change your situation rather than feeling entitled to the world changing to cater to you, you’ll never amount to anything. Always remember it’s an accident of history you’re in the position you’re in - no one is entitled to anything.
stoney
stoney avatar

17440 posts since 22/1/05

19 Nov 2019 10:21
I agree with that to an extent. I have a belief that if you work hard and take opportunities you should do well. That however falls apart when you look at people on the bottom of the ladder who are cleaning and working day and night. I was redundant and 30k in debt 10 years ago and turned it round with hard work and relocating south. I did have a qualification behind me however which helps when getting or shifting what you do.
Rdes1974
Rdes1974 avatar

218 posts since 29/1/14

19 Nov 2019 11:39
swede wrote:
Crackajack wrote: Some good arguments for more socialist policies being in place over the last few decades here. Find it odd you seem a right winger given your own life experience tbh Mil.

was thinking this Laughing out loud just like all the working class here voting tory. fucking stupid


too fucking right…morons
sydneyking
sydneyking avatar

4618 posts since 26/9/09

19 Nov 2019 12:49
stoney wrote: I agree with that to an extent. I have a belief that if you work hard and take opportunities you should do well. That however falls apart when you look at people on the bottom of the ladder who are cleaning and working day and night. I was redundant and 30k in debt 10 years ago and turned it round with hard work and relocating south. I did have a qualification behind me however which helps when getting or shifting what you do.

Very true, working hard and doing well aren’t necessarily by products of one another. A financier doesn’t by definition work harder than a Nurse. What is your qualification in if you don’t mind me asking? Did you retrain or just relocate?
sydneyking
sydneyking avatar

4618 posts since 26/9/09

19 Nov 2019 12:50
MLI wrote: I want a free market, lower taxes and no interference with housing. Then I could get in.

Fucking establishment/Babylon

What interference with housing are you referring to?
TROYBOY
TROYBOY avatar

573 posts since 28/2/12

19 Nov 2019 13:56
over here its been the help to buy / government giving banks cheap cash
stoney
stoney avatar

17440 posts since 22/1/05

19 Nov 2019 14:23
sydneyking wrote:
stoney wrote: I agree with that to an extent. I have a belief that if you work hard and take opportunities you should do well. That however falls apart when you look at people on the bottom of the ladder who are cleaning and working day and night. I was redundant and 30k in debt 10 years ago and turned it round with hard work and relocating south. I did have a qualification behind me however which helps when getting or shifting what you do.



Very true, working hard and doing well aren’t necessarily by products of one another. A financier doesn’t by definition work harder than a Nurse. What is your qualification in if you don’t mind me asking? Did you retrain or just relocate?

Chartered Surveyor, I was based in midlands, move to London after the crash. Company I worked for went into liquidation and the south east was the first place jobs in residential property started to appear. Much more lucrative down here in my game.
sydneyking
sydneyking avatar

4618 posts since 26/9/09

19 Nov 2019 14:31
TROYBOY wrote: over here its been the help to buy / government giving banks cheap cash

I don’t know about the housing market in Australia however I’d be interested to hear how help to buy is preventing people getting on the housing ladder?

The main issue for me in the UK market is the inequitable distribution of property.
TROYBOY
TROYBOY avatar

573 posts since 28/2/12

19 Nov 2019 14:56
In my view help to buy keeps house prices high hence preventing people of modest incomes getting a resonably priced home