Reply to: Interest rates WILL rise

[ladymuck]

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

Good god, no!

[bobhope]

> Rich Dad, Poor Dad

Cracking book - basically says "Don't trust the government." You're right though, it's a bit thin on the ground on the actual concrete steps. I think it's a kind of "left as an exercise to the reader."

[DaveB]

[QUOTE=Troll]

Mmmm.... Curly Wurly.... Yummmm
QUOTE]

You do realise that Curly Wurly is a brilliant was of getting you to pay more for less... you are paying for the air between the chocolate

Same thing with Polos (and no I don't mean Polos have chocolate)

You'd be surprised at how many foods have fresh air as a main ingrediant.

Whipped icecream, mouses, pies, meranges etc. All with a nice healthy profit margin built in

[Clog II The Avenger]

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.

And you yhink they are happy?
British Waterways

[Troll]

[QUOTE=ladymuck]Mmmm.... Curly Wurly.... Yummmm
QUOTE]

You do realise that Curly Wurly is a brilliant was of getting you to pay more for less... you are paying for the air between the chocolate

Same thing with Polos (and no I don't mean Polos have chocolate)

[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.

[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...

[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.

[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?

[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]

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

[hyperD]

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

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

[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.

[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.

[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.