Bankruptcy

[DimPrawn]

I'm a devout Christian, actually MF.

I thought you was a y?

[milanbenes]

It's easy, you take one with savings and give him an unexpected family and 12 months out in a two year period.

doobab,

please, with the greatest of respect, if you have to go to Germany and take all the inherent costs to get £300 / day as an IT contractor then perhaps you should look to get into a higher value area of IT or do something else

If you have to go to Germany to get £300 / day, what is your rate in the UK ?


You need to move into a better paying area of technology, or move into something like Project Management, or move out of IT

or perhaps take one step back to go two steps forward, ie, go for a permie role which will get you the skills to go into higher value contracting, do that role for a couple of years and then back to contracting

either way, it seems where you are now is not sustainable

after thirteen years as a contract I still don't understand why you didn't have some property substantially paid for

oh well

Milan.

[Platypus]

But then I don't have kids to pay for.

Well duh! No wonder you can save so much.

I have two (almost grown up now) kids and zilch in savings. If I had a choice between healthy kids or a healthy bank balance, I'd choose the kids any time.

[milanbenes]

Well duh! No wonder you can save so much.

I have two (almost grown up now) kids and zilch in savings. If I had a choice between healthy kids or a healthy bank balance, I'd choose the kids any time.

Platypus,

it is also possible to have both - you need to aim higher

Milan.

[Halo Jones]

Platypus,

it is also possible to have both - you need to aim higher

Milan.

Life does not always work out that way & everyone has different priorities, money is not the be all & end all, although I must admit it helps

[milanbenes]

ok,

I accept life does not always work out that way,

but the argument that everyone has different priorities I don't accept,

because those don't make it their priority in their 20s and 30s and 40s to
work hard and put some security behind them, because perhaps their priority
is to do other things, should not subsequently complain when they find themselves
moving into middle age skint

Milan.

[Churchill]

ok,

I accept life does not always work out that way,

but the argument that everyone has different priorities I don't accept,

because those don't make it their priority in their 20s and 30s and 40s to
work hard and put some security behind them, because perhaps their priority
is to do other things, should not subsequently complain when they find themselves
moving into middle age skint

Milan.

Well, you self-righteous, smug arsehole.

You've got a point though.

[doodab]

doobab,

please, with the greatest of respect, if you have to go to Germany and take all the inherent costs to get £300 / day as an IT contractor then perhaps you should look to get into a higher value area of IT or do something else

If you have to go to Germany to get £300 / day, what is your rate in the UK ?


You need to move into a better paying area of technology, or move into something like Project Management, or move out of IT

or perhaps take one step back to go two steps forward, ie, go for a permie role which will get you the skills to go into higher value contracting, do that role for a couple of years and then back to contracting

either way, it seems where you are now is not sustainable

after thirteen years as a contract I still don't understand why you didn't have some property substantially paid for

oh well

Milan.

Hi Milan,

Thanks for the high quality patronising and rather impressive demonstration of why one should read before replying.

My current rate in DE works out to around £500 but it was more like £450 before I decided to leave. My rate in the UK is likely to be £300-350 at best, down from £450 a few years ago. That is part of the reason why I want to stay here, if we got rid of the place in the UK I could be out of debt in < 2 years and buying a family house in 5.

I didn't buy a house because by the time I had been contracting a few years and felt comfortable with the idea of buying a house I couldn't afford somewhere I wanted to live without borrowing more than I was comfortable with. In retrospect I do sometimes wish I had gone down the self cert massive mortgage route because if I had I would be quite ridiculously wealthy, but then who knows what else might have happened or where I'd be?

[milanbenes]

doobab,

thank you for clarifying

ok, £450 in de against £300 in UK

now it makes sense

what to do ?

you got to work it out :-)

i would say, get the Mrs to come to Germany for a few years, she might even enjoy it

otherwise, come home more often

rent a hole in Germany as digs

keep costs down in the UK

build some cash and then buy

good luck

Milan.

[d000hg]

Well duh! No wonder you can save so much.

I have two (almost grown up now) kids and zilch in savings. If I had a choice between healthy kids or a healthy bank balance, I'd choose the kids any time.

I know lots of 2-parent middle-class families who manage to raise 2,3 or even 4 children on a combined income of £40-50k. So 12 years on ~£400/day is still a lot. If a well-heeled contractor can't raise a family and savings at the same time, how does anyone make it to retirement?