Thinking its about time I sort myself out financially now I’ve gone to the dark side and am working for the man and back into a workplace pension and all that polava. Was thinking maxing out pension, s&p etf tracking ISA and dabbling in a stocks and shares account once robinhood gets launched in the UK. Plus properly overpaying the mortgage. Any other skinflint tips? I’m looking at Grant obviously.
Being financially independent
Just to add, obviously I won’t be doing amy of the above and will be spending all my cash on hoes and whizz.
Lol
Buy your property in the early 2000s and take a big redundancy around 2013 and get your old job back on better terms three months later is one of my major tips.
Other than that, I was really shit at saving - I’ve got to the point where I don’t have debt anymore and love spending money on bikes and holidays. I’ve started putting money into stock ISAs for me and the missus and I’m saving money, but I don’t know what to do with it - I’m too anxious to invest in stocks and shares - I’ve seen a financial advisor and he’s taken me down all sorts of tax-avoidance rabbit holes, and I’m not interested in that.
Pension side of things are okay just about, but won’t see that til I’m 60, so it’s a case of how much I can save/invest between now and then as to how early I can retire. One thing this crisis has taught me is that I don’t need as much as I think I did. I want out in three years tops, or at least be in the position to do something I’d love to do
Definitely max out the pension, 100%
Along_the_Wire One thing this crisis has taught me is that I don’t need as much as I think I did.
that’s been our takeaway too. we’re both discussing working 4 days a week as an on-going option.
Do you guys have personal retirement savings in addition to pensions in the UK? Here, we’re offered the option of contributing to a company sponsored retirement program (which some companies match up to a small percentage and you are entitled to their contribution after a certain period of time) and also allowed to hold a personal before or after tax retirement account outside of that.
If you have access to both of those options, I would suggest maxing out both, as well as investing in stocks, bonds, etc. Additionally, if you own property, I’m sure that would be worthwhile as well. (Obviously I don’t own property…lol).
But most importantly….don’t forget to stuff your walls with cash, run a prostitution ring and import/export drugs…that’s your REAL retirement sorted. 
Along_the_Wire I’m too anxious to invest in stocks and shares
Like gambling, don’t invest what you can’t lose. If you do have a flutter, now is not a bad time to do so, lots of companies with ‘false’ low stock values due to Covid that will bump up once the recovery is in full swing. I still reckon Tesla is easily undervalued at $1300 a share.
Jules72 Oh, some of those stocks might take a decade to get back up, but I think even with out a vaccine, if we keep the R-rate down etc. I think it will be quicker than that. I’d never buy stocks for a quick return. Also, have to mention, I know fuck all about anything, these are just my thoughts, nothing more.
C_J Nah, nothing I know, just gut feeling. But they are outselling everyone by a mile and really they are just starting out:
The competition don’t want to sell you electric cars yet and might not want to for a while, so everyone is voting with their feet, add that to their charger network, they’re in a good position. Industry chatter of some manufacturers going bust if such a trend continued.
I proper know fuck all though, please don’t anyone buy anything based off my comments apart from trabbs and obscure 90s breakbeat, I know loads about them.
Decent chart mate.