From contractor to permie

[b0redom]

My goal is to get to owning 5 houses outright (one of which I'll live in). Then I can sit back and watch the wonga roll in. Unfortunately I'm a LONG way away from that now.

My opinion is that whatever the market does, by far the biggest bill people will pay is their mortgage/rent....

[contractor79]

My opinion is that whatever the market does, by far the biggest bill people will pay is their mortgage/rent....

if I was a permie who had just taken out a £100-150k mortgage in the last 3 years to buy a small flat, seeing mortgage and all bills go up and up whilst value of flat go down, employers giving measly 2% payrises, I would be LIVID right now

but no, I have no property and spending is very small compared to income. I luv contracting really

[TheBigYinJames]

at what point do you think a contractor can really feel comfortable? house bought outright, no more pension contributions reqd, 5 years salary in comp acc?

My 5 year plan involves buying a house int he country with land for horses, and then only working 6 months a year.

[contractor79]

My 5 year plan involves buying a house int he country with land for horses, and then only working 6 months a year.

beautiful

[TheBigYinJames]

beautiful

As long as credit crunches don't interfere.

[Advocate]

My 5 year plan involves buying a house int he country with land for horses, and then only working 6 months a year.

Don't get any horses though, they'll really mess up the nice land...

[oracleslave]

Don't get any horses though, they'll really mess up the nice land...

Tasty burgers during the credit crunch though

[TheBigYinJames]

Don't get any horses though, they'll really mess up the nice land...

I love horses though If anyone is curious what a BYJ looks like in the flesh, here's me on a horse:

http://www.bampotty.com/riding/IMAG0057.JPG

[TykeMerc]

I have been told point blank at a permie interview that as a contractor, he had no confidence that I wouldn't up sticks and go as soon as the market improved or I'd picked up a new skill. And he was absolutely correct, so top marks to him. A week later I got a decent contract and never looked back.

He was basically admitting that 'lifestyle' permies are more likely to stay out of inertia, and that was the sort of person he needed.

I've had very similar conversations several times.

In the last 17 years of contracting I've toyed with the idea of permiedom a few times, but not taken the step.

[ASB]

My 5 year plan involves buying a house int he country with land for horses, and then only working 6 months a year.

I found that having acquired the house, the land and Mrs ASB and sprogs reacquiring the horses I had to go back to working 12 months.

Bloody things don't half soak up the cash when you compete.