ISA’s
- Thread starter ronk
- Start date
Attleborough, Norfolk
This is where the arrogance comes in, assuming others can do what you yourself do.
Then patronising.
For many people already living at the limit of their income, things are getting much worse. But it's their fault apparently. Not educated enough financially, not choosing to save rather than feed their kids or heat their homes.
Oh and not forgetting, any teenagers on here not already having £28k in savings, you are a disgrace.
Then patronising.
For many people already living at the limit of their income, things are getting much worse. But it's their fault apparently. Not educated enough financially, not choosing to save rather than feed their kids or heat their homes.
Oh and not forgetting, any teenagers on here not already having £28k in savings, you are a disgrace.
By the way I haven`t read " How to make friends and influence people " 
Scubaregs said:
Yeah that's exactly what I said :roll:
People already living at the limit of their income chose to do so. Nobody put a gun to their head and forced them to squander money on luxuries they cannot afford like iphones, nike trainers, cigarettes and takeaways. Financial IQ and education is the key to helping the poor not money. A great example of what happens when you hand money to someone on a platter can be seen from the following link.
https://www.thesun.co.uk/news/8402541/how-national-lottery-lout-michael-carroll-blew-9-7m-pounds/
Whose fault is it then that he blew 10 mill on crap and in a handful of years? The truth is if you give majority of people more money they will simply spend more. Warren Buffet is a great example of how one should live but a bit too extreme for me. He's a trillionaire. Yet he lives in the same house he bought from his first job and it's extremely modest for a trillionaire who could buy a $200 million mansion like Bezos. He buys flood damaged cars from salvage places when he could easily go and buy Lamborghini and I mean the actual company not just one of their cars. He could literally buy the entire company. Yet he chooses to drive a car he picked up for buttons from a salvage auction that was in a flood. He could eat at 3 star Michelin restaurants for breakfast, lunch and dinner but he chooses to eat at an independent burger joint instead when he eats out. He's not miserable either. He's had a very enjoyable and long life. He has great friends including Charlie Munger. I've said it before money isn't the key to happiness it simple affords you more opportunities and security. The truth is minimum wage has went up by 7.5% every year for the past 22 years, however people on minimum wage are still struggling. I wish I got a 7.5% wage increase every year for the past 22 years. The truth is people could choose to re-locate to cheaper housing and live much better lives. But they don't want to make compromises and they want it given to them rather than work hard for it. It's no coincidence that takeaways, bookies and pubs are busiest in deprived areas. It's because poor people make more poor choices overall.
So you believe that Michael Carroll wouldn't have benefitted massively from financial education and a hard work ethic instilled during his childhood? Your belief is he is poor because he's unlucky and that it's not his fault everything is so expensive and the 10 million handout wasn't enough. He should have been given 100 million instead that would have been enough for him. Education is the biggest factor in why people are struggling not money. You could give them all the money in the world it still wouldn't be enough as proven by Michael Carroll. I suppose you guys already know this because you have in the majority voted the Tories in for the past 12 years
SonnyA85 said:
Well, it’s a shame your social skills apparently fall far short of your ability to screen shot your ISA platform and post it for all to see.
I agree with ‘some’ of what you saying from your soapbox, but this whole 50/30/20 argument is bollox… take a step back and reflect on some of what you are preaching here.
There are many, many households in the Uk who spend more than 50% of their net income on rent. That’s before we get to Council tax, utilities and food. Landlords do not accept 50% of NDI (less when you take other essentials into account) when letting… it’s not rocket science.
I know it’s cheaper to buy than rent, but you need to live somewhere whilst saving a deposit and building a decent credit score. I’ve worked in finance all my working life, so no daft lectures please.
I do get a bit frustrated by people who complain about struggling to feed their children, but spend large amounts on Sky, car leasing, HP etc, so I understand your comments about people being wasteful and lacking in prudence. However, your delivery is so condescending it’s unbearable. Surely the reaction to your posts by other forum members makes that pretty obvious?
Also, why keep bringing politics into this?
You seem very vocal, but seem to lack self-awareness… or maybe you are just trolling for effect, neither is endearing :thumbsdown:
True-Blue said:
The truth is for every answer I give you can make up another excuse. Excuses are very easy to find.
I will say rent somewhere cheaper if rent is more than 50% of your take home pay. Oh but that means moving a few hours away or into a bad neighborhood. Compromises need to be made.
I'm using this as an extreme example but you can buy a terraced house in Bradford for £10k. Yes I know it's Bradford but I did say extreme example. Well maybe not you could buy a slum house in Rio de Janeiro for a few quid but you get the point there are cheaper options out there. You can rent somewhere cheaper and compromise on location and then find a job locally.
What kind of deposit does one need for a £10k home in Bradford? Okay it's a dump I agree. But there are really nice homes available in Bradford too for not a lot of money. Brand new 2 build apartment in the city centre is £120k. A couple on minimum wage full time can afford that easily if they compromise on luxuries elsewhere.
I could easily show you a few examples of how someone could slum it for a few years or live with parents to get a deposit together on minimum wage. Then there will be more excuses like not everyone has the luxury of living or getting on with parents or nobody should have to live in a dump for a few years. Well nobody should be raped, murdered, get a terminal illness at youn age either but you have to play the hand you were dealt.
The truth is that they could compromise short term in order for long term gain. Problem is they have a target of what they want and they want it now so are therefore unwilling to compromise.
Jeff Bezos is the richest man in the world or top 5 anyway as far as published wealth goes. Now he didn't become the richest man overnight. It took him 3 decades to get there. People only see him today as a trillionaire. Truth is that he started out in a garage. Built his business from scratch. He had to make sacrifices and compromises. Sure he wanted a trillion dollar business but that doesn't happen overnight. Start small and then move. If you already shoot yourself in the leg by overeaching and then cripple yourself for the rest of your life then you will never get out from the hole you dug. It took him 3 decades to achieve what he did. Problem is a lot of people can't wait even a fraction of that time and want luxuries they cannot afford before they have savings.
Rent is expensive and in some places it is really expensive. You cannot realistically afford to rent a 7 bedroom home in Chelsea on minimum wage. I can therefore look at places and go for the maximum the budget allows and then have nothing to save or I can go for the cheapest I can find for the better long term good. Unfortunately that may mean you have to up sticks and travel but that's how life is. You cannot expect to live in a certain location if you realistically cannot afford that location.
Making compromises is a part of making good choices. Making good choices is helped by education. If you love within your means then I don't see a realistic reason why compromises cannot be made for the 50-30-20 rule. Even if one of those compromises means you have to live in Bradford for a short while. Let's be honest it's not hard to find a minimum wage job anywhere so it's not that hard to move if you cannot afford to live where you currently do. Nobody has the right to live in a specific area. Otherwise I could claim I have the right to live in Buckingham Palace.
I have used extreme examples for effect but you should get the idea. Affordable homes are available for all. Just not all are willing to make the compromises or sacrifices necessary. There are many more cheap locations like Bradford scattered across the UK. Problem is not a lot are in the south of England.
Scubaregs said:
Fixed that for you Scubes
ronk said:
Chartered accountant. I legally can not disclose my customers but as you can probably guess it's some of the big guns especially given my returns on the market. I'm a contractor. I specialise in oil and gas, insurance but I do have other customers too. I cannot disclose any more than that.
Wow… excuses!!!, FFS
So everyone should move to Bradford to get on the housing ladder. Leave their families, friends and roots… why leave it there? Why not move to a cheaper country!
On one hand you wax lyrical about the value of family and on the other you say ‘move to the other end of the country’
I’m a Chartered Financial Planner. I work with many other Chartered advisers, and many advisers that aren’t Chartered.
The most successful are those with excellent interpersonal skills, regardless of how qualified they are.
Those who lecture and don’t listen don’t fare well.
You just seem to want to keep lecturing your point of view and not listen to anyone else.
Are you so entrenched in your own beliefs that you are genuinely closed to any possibility you could possibly be wrong? Or have you been reading too many ‘rags to riches’ self help books?
You didn’t answer my question in a previous thread where you predicted a financial crash FOUR times worse than 2008 this year… is that still happening? Just chose to ignore that one
EDIT - hoping my settings changes mean I won’t be able to see whether you respond or not.
So everyone should move to Bradford to get on the housing ladder. Leave their families, friends and roots… why leave it there? Why not move to a cheaper country!
On one hand you wax lyrical about the value of family and on the other you say ‘move to the other end of the country’
I’m a Chartered Financial Planner. I work with many other Chartered advisers, and many advisers that aren’t Chartered.
The most successful are those with excellent interpersonal skills, regardless of how qualified they are.
Those who lecture and don’t listen don’t fare well.
You just seem to want to keep lecturing your point of view and not listen to anyone else.
Are you so entrenched in your own beliefs that you are genuinely closed to any possibility you could possibly be wrong? Or have you been reading too many ‘rags to riches’ self help books?
You didn’t answer my question in a previous thread where you predicted a financial crash FOUR times worse than 2008 this year… is that still happening? Just chose to ignore that one
EDIT - hoping my settings changes mean I won’t be able to see whether you respond or not.
D
Deleted member 32480
Guest
True-Blue said:
What do you think will happen out of interest TB?
As humans (well some of us) we are hardwired to think the worst but I think there will be low economic growth for a 3-5 years and not a massive recession.
