Originally posted by d000hg
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how big should your warchest be?
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Originally posted by d000hg View PostI don't explicitly keep a separate warchest. Do others view it has how many months their Ltd could continue to pay salary/dividends without any income?
I'd draw on personal first, as it's been taxed, then draw down on company funds if necessary.Comment
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That seems reasonable, I only ask as I've seen people be quite militant "if it's in your savings accounts it's not your warchest" and wondered if that was a common view. I can't be bothered to have specific buckets for different things.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by d000hg View PostThat seems reasonable, I only ask as I've seen people be quite militant "if it's in your savings accounts it's not your warchest" and wondered if that was a common view. I can't be bothered to have specific buckets for different things.
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Originally posted by lorakeen View Post
why would anyone be militant about other people's choices?…Maybe we ain’t that young anymoreComment
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Originally posted by WTFH View Post
You don't read your own posts, do you?
One has the right to be militant about other people's choices that affect them.
Being argumentative on someone's chocies that have no link with yourself is a different kettle of fish.
Do I need to elaborate?Comment
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Originally posted by d000hg View PostThat seems reasonable, I only ask as I've seen people be quite militant "if it's in your savings accounts it's not your warchest" and wondered if that was a common view. I can't be bothered to have specific buckets for different things.Comment
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Originally posted by d000hg View PostThat seems reasonable, I only ask as I've seen people be quite militant "if it's in your savings accounts it's not your warchest" and wondered if that was a common view. I can't be bothered to have specific buckets for different things.I am what I drink, and I'm a bitter manComment
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You store the money wherever its most sensible to do so. Its still a war chest.Always forgive your enemies; nothing annoys them so much.Comment
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Originally posted by Whorty View Post
I count everything as my 'war chest' because, let's face it, if we're out of income we will start to draw down on our savings whichever pot they are in. It's not like someone will spend everything from account A, but then say ... nah, can't touch account B now as that's not my 'war chest', so we'll have to go hungry this week kids!Always forgive your enemies; nothing annoys them so much.Comment
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