Interest rates WILL rise

[ladymuck]

Its starting to feel like my 1970's childhood. Middle East Wars, Oil Price shocks, 1976 style droughts, Labour in power and Stagflation round the corner!

Time to get on my Chopper bike and eat a Curly Wurly

Mmmm.... Curly Wurly.... Yummmm

I'm glad then that I'm just about to complete on a fixed rate remortgage for the next two years so I can put off the inevitable pain of a rate rise and take the time to stash some cash.

[BlasterBates]

Inflation means higher mortgages financed by higher houses prices and even bigger mortgages.

Put your feet up and stop worrying. Perhaps even attach a digital meter to the house showing the increasing wealth on a minute by minute basis.

[sasguru]

But house prices are going to rise forever. I told you that yesterday.

In the words of Mr T.

"I pity da fool that cashes in his buy-to-lets"

Ah well let them rise. But-to-lets are stressful anyway -all the hassle of looking after them, tenants etc. Had enough. Cash in and live a stress free life.

[hyperD]

Mmmm.... Curly Wurly.... Yummmm

I know a neighbour's daughter that plays with her Curly Wurly...

[DimPrawn]

That's the spirit. Cash in, down shift, relax and spend more time down the pub.

[ladymuck]

I read a book a while ago called 'Rich Dad Poor Dad'. Basically one of those 'here's how I got rich and I'm going to tell you how without actually telling you how' type books. But it was interesting in few points:

Property is not an asset unless it is earning you more than you spend on it (inflation doesn't really count as it is not a realisable gain until you sell and there's then CGT and other tulipe to consider).

Become a company instead of an employee (you get paid first and the tax man gets a share of what's left, basically).

Have a clause in business contracts, stating 'contract subject to shareholder/business partner approval' and give yourself an easier get-out should the deal not be so good on closer reflection, or circumstances change. His business partner was his cat, allegedly.

[DimPrawn]

I read a book a while ago called 'Rich Dad Poor Dad'. Basically one of those 'here's how I got rich and I'm going to tell you how without actually telling you how' type books. But it was interesting in few points:

Property is not an asset unless it is earning you more than you spend on it (inflation doesn't really count as it is not a realisable gain until you sell and there's then CGT and other tulipe to consider).

Become a company instead of an employee (you get paid first and the tax man gets a share of what's left, basically).

Have a clause in business contracts, stating 'contract subject to shareholder/business partner approval' and give yourself an easier get-out should the deal not be so good on closer reflection, or circumstances change. His business partner was his cat, allegedly.

Wow insightful stuff. Don't tell me you paid for this wisdom?

[AtW]

High price of energy is pushing general prices up - commodities like steel, copper etc are up big time, but actual goods (iPods, computers etc) are down.

[sasguru]

I read a book a while ago called 'Rich Dad Poor Dad'. Basically one of those 'here's how I got rich and I'm going to tell you how without actually telling you how' type books. But it was interesting in few points:

Property is not an asset unless it is earning you more than you spend on it (inflation doesn't really count as it is not a realisable gain until you sell and there's then CGT and other tulipe to consider).

Become a company instead of an employee (you get paid first and the tax man gets a share of what's left, basically).

Have a clause in business contracts, stating 'contract subject to shareholder/business partner approval' and give yourself an easier get-out should the deal not be so good on closer reflection, or circumstances change. His business partner was his cat, allegedly.

Yeah CGT is an effing pain. A large 6-figure sum in my case. That hurts...

[DaveB]

I've come to the conclusion that the best thing to do is to live on a narrow boat.

No council tax, mortgage etc to worry about.

The canal system reaches all the major cities and other urban areas.

Each time I get a gig I just weigh anchor and sail to the nearest canal berth,

Cheap satellite TV and mobile phones for communiction, the only thing I havnt found a solution for is highspeed internet access.