Contracting - go for higher rate or repeated business?

[diseasex]

you have not thought all this through.

Of course I didn't. I will go into detail when I'll be about to make bigger investment choice. For now these are options.
Oh and it might have been bad strategy before and until Apr 2015 but things will change. Taking 7.5% (or higher) hit on capital by drawing funds over longer period will set you back by years if your goal is to get 7 digits.

[MrMarkyMark]

Of course I didn't.

Thank you, why would you?

[WTFH]

Of course I didn't. I will go into detail when I'll be about to make bigger investment choice. For now these are options.
Oh and it might have been bad strategy before and until Apr 2015 but things will change. Taking 7.5% (or higher) hit on capital by drawing funds over longer period will set you back by years if your goal is to get 7 digits.

If your goal is to get to 7 digits, then don't blow your money on frivolities like BMW 5GTs.


Is it about having a million in the bank, but loans/mortgages/etc in the background? Does your plan include a warchest?


is the be all and end all of your existence... money?

[MrMarkyMark]

is the be all and end all of your existence... money?

I hope not, for his sake

[diseasex]

If your goal is to get to 7 digits, then don't blow your money on frivolities like BMW 5GTs.


Is it about having a million in the bank, but loans/mortgages/etc in the background? Does your plan include a warchest?


is the be all and end all of your existence... money?

I have a over years worth warchest on ISA and these funds:

Threadneedle Monthly Extra Income (Class Z) (Inc)
Fidelity MoneyBuilder Balanced (Class Y) (Inc)
Premier Monthly Income (Class C) (Inc)
Unicorn UK Income Fund Class B - Income (GBP)
HL Multi-Manager Income & Growth Trust Class A - Accumulation (GBP)

Have a look if interested.
In the end I didn't take a car (although it wouldn't change much if i did).

[WTFH]

In the end I didn't take a car (although it wouldn't change much if i did).

http://forums.contractoruk.com/gener...ml#post2159282


Ah, OK, so you made up the bit about ordering the car.


Did you make up the bit where you said you were still in your first ever contract?


Did you make up the bit about being able to get £700 per day with your level of experience?

[diseasex]

http://forums.contractoruk.com/gener...ml#post2159282


Ah, OK, so you made up the bit about ordering the car.


Did you make up the bit where you said you were still in your first ever contract?


Did you make up the bit about being able to get £700 per day with your level of experience?

No. I didn't get leasing because didn't have 1 year on my LTD. I'm on my second contract. Anything else?

[WTFH]

Do you do much development in Cloud based computing? I've an idea which will make me rich beyond imagination. I just need someone who can develop Cuckoo Land for me. Are you up to it?

[pr1]

No. I didn't get leasing because didn't have 1 year on my LTD. I'm on my second contract. Anything else?

if you keep biting they'll keep baiting

[MrMarkyMark]

if you keep biting they'll keep baiting

Ah, I thought I smelt the troll, nothing constructive to add, as usual, then?