Idiot of the day - The result!

[AtW]

I don't think someone who keeps their cash in a mattress or a wheelbarrow should be offering advice on what is or isn't sensible.

Why not? At least I've got the cash and I don't have to borrow it to make a tenner a month.

[MarillionFan]

Why not? At least I've got the cash and I don't have to borrow it to make a tenner a month.

You still haven't got the hang of this have you.

If you had £10k and invested it at 5% and then borrowed another £10k at 3.5% and invested it at 5% you'd still have £10k plus you'd make some extra on the rest of it.

Is youse a bit slow?

[d000hg]

Oh, has he bought a bed now? I thought he was still sleeping on the sofa.

I thought he had a mattress but not a sofa.

Why not? At least I've got the cash and I don't have to borrow it to make a tenner a month.

Awww bless. He thinks we live in a cash-based economy.

[AtW]

If you had £10k and invested it at 5% and then borrowed another £10k at 3.5% and invested it at 5% you'd still have £10k plus you'd make some extra on the rest of it.

If all I had was £10k I sure as heck won't spend it to have liquidity. That's something you are not familiar with as otherwise you would not be borrowing lots of credit cards with "0%" interest rate.

What is your daily rate MF, £500 or more? If the best you can do for your family is to make a tenner using borrowed money because you ain't got any cash then I pity your future wife and God forbid any children.

[AtW]

I thought he had a mattress but not a sofa.

I have both.

Awww bless. He thinks we live in a cash-based economy.

Cash is always king

[EternalOptimist]

I have both.



Cash is always king

the only interest you get with cash is from the bloke with the stripey jumper

[AtW]

the only interest you get with cash is from the bloke with the stripey jumper

Beats debt collectors repossessing MF wife's house for default on this 0% credit card bill

[MarillionFan]

Beats debt collectors repossessing MF wife's house for default on this 0% credit card bill

Actually I have £38k out on credit cards at the present. Granted you have to be careful on how you manage it, but effectively I make (and have historically for the last 15 years) about £1000-£2000 per year on using credit cards via transfers & cashbacks. They are an invaluable source of quick/cheap cash if you so need it. I wouldn't recommend it for the numerically dyslexic though.

[AtW]

Actually I have £38k out on credit cards at the present.

I have £0.

They are an invaluable source of quick/cheap cash if you so need it.

If you need more cash than your savings permit then don't buy what you wanted until you save enough to afford it.

HTH

[Zoiderman]

Actually I have £38k out on credit cards at the present. Granted you have to be careful on how you manage it, but effectively I make (and have historically for the last 15 years) about £1000-£2000 per year on using credit cards via transfers & cashbacks. They are an invaluable source of quick/cheap cash if you so need it. I wouldn't recommend it for the numerically dyslexic though.

is it really worth it for a couple of days money?

jeez, i dont need money that bad to feck about with cashback and balance transfers, or even credit cards at all