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Poll: What's your liquid cash reserves?

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    Poll: What's your liquid cash reserves?

    Inspired by Jog On's life story here -

    https://forums.contractoruk.com/gene...ml#post2883958

    I intentionally put a very low maximum so that people feel safe to answer.

    16
    Over £5000
    87.50%
    14
    ~£4000
    0%
    0
    ~£3000
    0%
    0
    ~£2000
    0%
    0
    ~£1000
    0%
    0
    I am Jog On and I have to borrow from illegal cryptobanks for emergencies
    12.50%
    2

    #2
    Originally posted by AtW View Post
    Inspired by Jog On's life story here -

    https://forums.contractoruk.com/gene...ml#post2883958

    I intentionally put a very low maximum so that people feel safe to answer.
    You forgot the 'SAS' option .... "I'm a super rich, mega successful contractor, so have millions sloshing about"
    I am what I drink, and I'm a bitter man

    Comment


      #3
      Originally posted by Whorty View Post
      You forgot the 'SAS' option .... "I'm a super rich, mega successful contractor, so have millions sloshing about"
      sas was (obviously) poorer than me, but he was and most certainly still is independently wealthy - most likely he spends 5 grand a year on fine wines.

      Comment


        #4
        Just read his story.
        Supposed to a contractor and one that knows what he is doing.
        Whats the advice about warchests again?
        Former IPSE member
        My Website

        Comment


          #5
          Where is the "I have incriminating pictures of Nuttina & aTw so he sold his sofa to pay for my hernia op" option?

          £5K wouldn't fill the Bentley's internal bar!
          Always forgive your enemies; nothing annoys them so much.

          Comment


            #6
            what kind of tulipty contractors have less than £100k in cash

            Comment


              #7
              Originally posted by Andy2 View Post
              what kind of tulipty contractors have less than £100k in cash
              Ones who haven't been doing it very many years? Those who have invested it in other things?
              Originally posted by MaryPoppins
              I'd still not breastfeed a nazi
              Originally posted by vetran
              Urine is quite nourishing

              Comment


                #8
                I've not had less than about £20K in cash for decades. It's sufficient to cover all emergencies. The rest is in investments - some riskier than others, some more readibly avalable than others.

                I wouldn't dream of spending 5K a month on fine wines. Which is why I'm richer than sas. Rich people don't spend it - hence stay rich.
                Down with racism. Long live miscegenation!

                Comment


                  #9
                  I have 200,000,000 Reichsmarks.
                  "A people that elect corrupt politicians, imposters, thieves and traitors are not victims, but accomplices," George Orwell

                  Comment


                    #10
                    Originally posted by Andy2 View Post
                    what kind of tulipty contractors have less than £100k in cash
                    One richest person i knew (distant family member) kept a constant overdraft in his business account.
                    The overdraft had a low interest rate because it was secured against property.
                    Plus he could write the overdraft interest against tax as well, so it was even cheaper.
                    He was always invested, he never held any fiat in his business account.

                    Fiat is a depreciating asset.
                    He died filthy rich.
                    Last edited by Fraidycat; 8 June 2021, 21:30.

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