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What do you do with your money if you've paid off your mortgage?
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Paid off mine in July last year, bought another house in London in November.
Mortgaged til I die.
Edit : Oh yeah, and a Nissan 350Z and a new motorbike.Last edited by Scrag Meister; 7 April 2010, 11:41.Never has a man been heard to say on his death bed that he wishes he'd spent more time in the office.Comment
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Invest more? Perhaps overseas to remove dependence on the £. Pay off BTL mortgages to create a loan free income (you'll get shafted on tax though).
Extend your home to enjoy a better quality of life as well as add value to it.
Give to the needy?
Plan for the years in which you won't be working?
I have the same problem, but I'm young-ish and have a lot of expenses coming up in the future... so I can't just go spending it all (doesn't stop my wife trying though).Comment
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Originally posted by sasguru View PostIt's embarrassing the thousands accumulating in my account every month.
Don't really know what to do with it.
My only indulgences are fine whiskies and books, and these don't eat into the cash fast enough.Comment
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Originally posted by Scary View PostGold and silver bullion.
Weapons.
Tinned food.
Get a monocle and a fluffy white cat.
Buy a full size train set (every proper hideout has a railway).Behold the warranty -- the bold print giveth and the fine print taketh away.Comment
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Originally posted by contractor79 View Posthow about superstious peadophiles and charity begins at home? Helping people less fortunate than yourself?
HTHBut I discovered nothing else but depraved, excessive superstition. Pliny the youngerComment
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There is no such thing as too much money. Just too little imagination.
Why not learn to fly, buy a yacht or take up motor racing?While you're waiting, read the free novel we sent you. It's a Spanish story about a guy named 'Manual.'Comment
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Originally posted by sasguru View PostIt's embarrassing the thousands accumulating in my account every month.
Don't really know what to do with it.
My only indulgences are fine whiskies and books, and these don't eat into the cash fast enough.Comment
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Yes, I have no debt. I'm paying to put the kids through University and as much as possible into my SIPP. In a couple of years time I might just blow a few quid on a nice shiny new "waste of money" motor though, if all goes well.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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