View Full Version : How do you get rich?
Dave Haggas
07-01-08, 23:17
Sounds a stupid question but how do people become wealthy??
It seems to me the more you earn,the more gets taken away or am I missing the point somewhere along the line?
Any advise would be appreciated...:search:
Steal, drug trade, tax dodging or inherit it - only way in this country
Don't spend more than you earn.
Oh yea, inherit - yea forgot they take 40% duuuur
Dave Haggas
07-01-08, 23:22
Steal, drug trade, tax dodging or inherit it - only way in this country
I actually think you are correct,but even if you inherit you get bu99ered.
I really dont think there is a way to do it legally.:(
Invent something ;)
or develop something like regae regae source lol,
jazz jazz source maybe :)
there is a way work, work, and more bloody work its a slow and painstaking way, but better than picking up soap in h.m showers:d
Dave Haggas
07-01-08, 23:25
Don't spend more than you earn.
Wise words my dear!
I am finding what ever it is ,wherever you go,everything is just costly.
I could go on but it will make me feel worse.Just feeling as though there is no point to actually going out to work anymore.I wonder what it is like to just sign on and live off the state?
You are not allowed to be rich, just give it all to Mr Brown:(
Crime... apparently.. seems to work for them.
Invent something ;)
or develop something like regae regae source lol,
jazz jazz source maybe :)
ha another dragons den fan:d
supradibbs
07-01-08, 23:26
Dont own a Supra
Dave Haggas
07-01-08, 23:26
there is a way work, work, and more bloody work its a slow and painstaking way, but better than picking up soap in h.m showers:d
Well you could always be the one having the soap picked up for you Gaz!
Be in the correct trade at the correct time... In the mid-late 90's it was IT, people with the right skills were earning £1k a day with less very little relative experience.
Now it's the building trades that are raking it in. Several builders/plumbers/electricians I know are working 3-4 day weeks and earning well over £70k a year. My brother in law is a project/site manager and made £80k since August 07 :blink:
I really dont think there is a way to do it legally.:(
Of course there is!
Be successful, save, etc etc.
You don't have to be a pimp to be wealthy.
Well you could always be the one having the soap picked up for you Gaz!
who told you cmon own up:p
Dave Haggas
07-01-08, 23:29
Of course there is!
Be successful, save, etc etc.
You don't have to be a pimp to be wealthy.
Are you suggesting my pimping skills are not up to scratch?:cool:
Dave Haggas
07-01-08, 23:30
who told you cmon own up:p
You are a legend in the field of giving......:p
Ive seen quite a few of my customers pull off some very dodgy things to avoid tax. One guy put his shop in his sons name just so he could claim benfits which was disgustin. Others pretend to go bust change the shop name and reopen in another family members name.
Most of the wealthiest people I know are self-employed.
What do you define as "wealthy" anyhow?
i was thinking about shipping a UK ice cream van over to the USA and sell 99`ers,
the ice cream vans in the USA are just like poor quality trucks with "ices" on the side and dont even play "popeye the sailor man" as there driving down the road ;)
People who have over is mil is what I call 'wealthy'.
Nowadays even 100K in terms of 'net worth is NOTHING!
Dave Haggas
08-01-08, 00:19
Most of the wealthiest people I know are self-employed.
What do you define as "wealthy" anyhow?
Good question really and one I cant answer?
If you had say £30,000 sat in a bank account,for example,what would you do with it?Pay off some of a loan,eg morgage?Invest it (and have to declare it)?Hide it ,ie loose it or what?
Now I am not in that position,it is just a fanciful question.
ha another dragons den fan:d
Yeah when it was worth going on there ;)
I'm still hoping my inventor friend, who was on series one, will be a success very soon! :)
You'll never make any money with a normal salary and a mortgage, as the cost of living will have all of that IMO :rolleyes:
If you had say £30,000 sat in a bank account,for example,what would you do with it?
Single conversion? ;) :D
You'll never make any money with a normal salary and a mortgage, as the cost of living will have all of that IMO :rolleyes:
Too true. The only people I know in regular employment who I would consider "wealthy" are the ones who are:
a) "professional couples": ie. joint income > 60-80k+
b) late family starters: no kids until 30+
c) high on the property ladder: bought in the right place before 1995
Chris Wilson
08-01-08, 00:25
I asked my accountant what was the best earner on his books. In the late seventies he had a few old peoples nursing homes on the books, and the bigger outfits were making a LOAD of dosh. Currently an Indian gentleman with an abortion clinic heads the big money list, with boatloads of young Irish girls beating a path to his services. Funny old world. Now where are my grans knitting needles...
if you want to make the big doe then you have to run your own business and eventually chain of businesses.
if dont want to risk all that then a good place to start is in the city (london) in a finance role; stockbroker, hedge fund, trader, investment banker etc... which is what i'm going to be doing soon hopefully. If you dont have the qualifications for this, then certain skilled labour is very highly paid; plumber, builder, etc....
There's loads of opportunities, one just has to be perceptive enough to seize them!
I'm currently doing a Masters Degree in Programme & Project Management, which is helping me gain skills & experience within the company I work for.
I know some of the consultants I work with, who are not really any better than me, earn £1K a day, but they're established in their field and people think they're worth it.
My aim is to get a few years under my belt and then see what's available contracting.
A helpin hand up always helps well i live at home with my parents and have been savin my balls off for the past 3yrs and still saving. Bought one property dnt know what im gona do with the next sum i save up.
Contracting is brilliant as you can run it as your own company which always has tax benefits!
Oh and one other 'tip' on getting rich. No matter what company you work (as an employee), you will always be taxed as a PAYE which means almost half of your earnings go the queen! :p
But if you have a business on the other hand....
Chris Wilson
08-01-08, 00:39
Hands on jobs I would say can make good money are plumbers and gas fitters, if they are honest and willing to put the hours in, Cerebral jobs would include solicitors and barristers, surgeons and those mysterious people who work in the City, messing about with someone else's money. The next lewis Hamilton, or pop figure of the moment could expect a nice wedge. The adulation may drive you a tax haven, oh, sorry, a quieter place where you are less well known ;)
Just get the sack knock up some bird and you will be racking it in.
Just get the sack knock up some bird and you will be racking it in.
Many would be supprised how true this actually is. Esp people with many many children! :blink:
Chris Wilson
08-01-08, 00:43
Even in these multi cultural and stereotypically "equal" times, I still reckon where you went to school, and who you and your parents know counts for a lot. If I had kids I'd make damned sure they went to private school, no matter what. The state system rarely cuts the mustard in this country.
There's always serious crime to fall back on, then you might meet some influential Ministers inside to get a leg up ;)
correct tasty food place in the correct location, i know a local burger shop near me its buisy 24/7 his turn over is over a million in that one shop
correct tasty food place in the correct location, i know a local burger shop near me its buisy 24/7 his turn over is over a million in that one shop
wow! Thats impressive, esp as food is a commodity which has a very good profit margin!
Though takeaways can be very hard graft!
correct tasty food place in the correct location, i know a local burger shop near me its buisy 24/7 his turn over is over a million in that one shop
I find that hard to believe to turnover 1m p.a. at an average of £3 per burger on 365 days a year thats 913 burgers a day everyday can't see it myself. Most McDonalds only turnover 20 - 40k per week. Not that i'm desputing the fact though
Gaz Walker
08-01-08, 01:00
If I had 30k, I deffo buy a chippy/burger joint. Mounts of cash, don't have to declare all of it ;)
I find that hard to believe to turnover 1m p.a. at an average of £3 per burger on 365 days a year thats 913 burgers a day everyday can't see it myself. Most McDonalds only turnover 20 - 40k per week. Not that i'm desputing the fact though
anyone on this forum heard of rocky`s on the bath road?, im serious dude you go there its always buisy my mates mate works there and he told him, the shop is located near heathrow airport on bath road where all the hotels are located
If I had 30k, I deffo buy a chippy/burger joint. Mounts of cash, don't have to declare all of it ;)
cash only! ;)
anyone on this forum heard of rocky`s on the bath road?, im serious dude you go there its always buisy my mates mate works there and he told him, the shop is located near heathrow airport on bath road where all the hotels are located
There's one similar to that which is off great west road and that is hugely successful I'm told! :)
anyone on this forum heard of rocky`s on the bath road?, im serious dude you go there its always buisy my mates mate works there and he told him, the shop is located near heathrow airport on bath road where all the hotels are located
Ahh if your mates mate told you and the boss told he its got to be true then thats settled :D
Dave Haggas
08-01-08, 01:06
Have none of you got work tomorrrow?
I have and Im lovin it.
honestly dude find a good location if your serious about making money without using your brain then find a good spot like near a university and open a nice tasty food place
Jurgen-Jm-Imports
08-01-08, 02:05
If I had 30k, I deffo buy a chippy/burger joint. Mounts of cash, don't have to declare all of it ;)
wanna be partners
mikeyb10supra
08-01-08, 09:54
My top tips are save save and save, the work your way up the property ladder, ive set up ISA's high interest accounts and a good pension that has been going a while, only a lucky few are rich from an early age, usually having lost wealthy parents or making it big in the business world!
So my 3 tips
1) Save save save
2)work your way up the property ladder continually stretching yourself
3) cut down drastically nights out pissing money up the pub urinal...still go out but cut down, make your own lunch for work, dont buy things you dont really need and budget for things, dont take out more than you earn and above all be realistic
All the ideas above are great work ideas, but you need to think about long term hapiness as well, I see someone mentioned traders/stock brokers as a career? have you looked into it properly? I have worked in banks in London and an analyst by trade, I can tell you some of the hedge fund guys, asset managers, traders etc I see walking round the city look like zombies they really do, there worked stupid with no rest and I would say 99% are unhappy even though there commanding a 6 figure salary.
My job im in now I took a salary cut in return for a less stressful environment and it couldn't be better.....best thing I have done work wise
Dave Haggas
08-01-08, 09:58
My top tips are save save and save, the work your way up the property ladder, ive set up ISA's high interest accounts and a good pension that has been going a while, only a lucky few are rich from an early age, usually having lost wealthy parents or making it big in the business world!
So my 3 tips
1) Save save save
2)work your way up the property ladder continually stretching yourself
3) cut down drastically nights out pissing money up the pub urinal...still go out but cut down, make your own lunch for work, dont buy things you dont really need and budget for things, dont take out more than you earn and above all be realistic
Top tips,sounds ok.
Dragonlady
08-01-08, 10:05
From what I have seen the successfully people (who have earned their own wealth) are risk takers putting everything on the line, and in some cases losing it all and then restarting again. I take my hat off to them as that takes some bottle.
If you want to know how to make serious amounts of money really easily, just send me £30 and I'll tell you the secret!!:D
Dave Haggas
08-01-08, 10:14
If you want to know how to make serious amounts of money really easily, just send me £30 and I'll tell you the secret!!:D
The cheque is in the post. (another favorite customer lie,sorry line)!
A good friend of mine used to be a mechanic twisting spanners in his dads garage on £12k per year. He left that and went into IT and worked his way through some rubbish telesales jobs eventually getting into Channel Account management, worked at this, and worked at various companies collecting contacts along the way. Its who you know not what you know!
His personality is brilliant and can talk as happily with the caretaker as he can with a high level boardroom director and this is a skill that cant be learned!
To cut a long story short he is now CEO of a company that is currently valued at between £50-100m and has a significant shareholding.
A long way from working in a rural garage 8 yrs ago!
Sounds a stupid question but how do people become wealthy??
Nepotism.
Hands on jobs as Chris said are always good. There's aways stiff competition in the trades like plumbing, electric work, building, etc but with the right attitude to service and hard work you can make a killing. Tree Surgery is definitely a money maker and it's enjoyable too.
Contracting is a great way forward. Only 6-month contracts at a time at around £400 - £600 typical earnings a day and you don't have to worry about upsetting a few people to get the job done as you'll be gone soon!
May I suggest you have a look at this.... ;) Best Paid jobs in Britain.
http://www.careerbuilder.co.uk/UK/JobSeeker/CareerAdvice/ViewArticle.aspx?articleid=27&cbRecursionCnt=1&cbsid=43388e061221425481c6ca6e4782016e-253083284-KH-5&ns_siteid=ns_uk_g_best_100_paid_jobs
On average property prices double every 7-8 years. This has been true since the end of WW2 despite crashes etc. If you can afford to get a couple of properties and rent them out then you will make money, sometimes very large amounts for very little effort.
richardstock1
08-01-08, 13:10
Further to the posts on inheritance tax You only get taxed if you get more than £300,000 passed on.
After £300,000 you get taxed 40% on what is over £300k
Define being Rich :D In my mind material wealth money cars etc is worthless. A good family and a nice circle of friends plus a comfortable life and happiness are far more valuable than a few k in the bank.
However much money you have there is always something just out of your budget. You can't take it with you when you go ;)
Dave Haggas
08-01-08, 13:32
Define being Rich :D In my mind material wealth money cars etc is worthless. A good family and a nice circle of friends plus a comfortable life and happiness are far more valuable than a few k in the bank.
However much money you have there is always something just out of your budget. You can't take it with you when you go ;)
Quite true and I fully agree with you Colin.
My first post was really to find out how you can make money legally and hang on to it.
I think we all work hard/smart, as that is the only way to get on and pay our bills.Just a little lost as to the more you earn the more you seem to loose!
Quite true and I fully agree with you Colin.
My first post was really to find out how you can make money legally and hang on to it.
I think we all work hard/smart, as that is the only way to get on and pay our bills.Just a little lost as to the more you earn the more you seem to loose!
Thats the problem with this country :(. The 40% bracket kicks in at far too low a level. The middle earners always seem to be hammered hardest.
Ironically those at the top of the earning list pay very little tax on their earnings, they can afford to leave the country.
Don't spend your money on useless crap...
Oh and become an IT consultant (In hardware or bespoke software) - I've seen people in London earning £300-500 ... per hour!
It's sick. One of them was showing me photos of their Aston Martin 'collection'.
2 years and I'm contracting in london baby...
May I suggest you have a look at this.... ;) Best Paid jobs in Britain.
http://www.careerbuilder.co.uk/UK/JobSeeker/CareerAdvice/ViewArticle.aspx?articleid=27&cbRecursionCnt=1&cbsid=43388e061221425481c6ca6e4782016e-253083284-KH-5&ns_siteid=ns_uk_g_best_100_paid_jobs
I'd like to take exception to this:
9. Police Officers (Inspector and above)
Pay: £51,487
Its not worth the money & there is no such thing as overtime at this level.... its all for free!
If I had 30k, I deffo buy a chippy/burger joint. Mounts of cash, don't have to declare all of it ;)
Old saying "eat all the profits" springs to mind:d;)
wanna be partners
Bad move.
Wise words my dear!
I am finding what ever it is ,wherever you go,everything is just costly.
I could go on but it will make me feel worse.Just feeling as though there is no point to actually going out to work anymore.I wonder what it is like to just sign on and live off the state?
Plenty do it with no intention of ever working, and live a decent lifestyle aswell, this country is fooked up :(
Is it better to have lots of money but no assets? Or the other way round?
My debt pretty much equals my assets at the moment, bloke at work has over £100k in the bank but owns nothing (he's 20 years older than me though).
I could do contract work, but I'm too chicken to leave my comfortable job. Probably because I'm too close to the line at the moment.
Jurgen-Jm-Imports
08-01-08, 19:55
Old saying "eat all the profits" springs to mind:d;)
Bad move.
lol
Define being Rich :D In my mind material wealth money cars etc is worthless. A good family and a nice circle of friends plus a comfortable life and happiness are far more valuable than a few k in the bank.
However much money you have there is always something just out of your budget. You can't take it with you when you go ;)
"Money is the root to all evil" I agree aslong as your Happy thats all the matters. A friend of mine earns about 5k a week and doesnt know what to spend it on.
Gaz Walker
08-01-08, 20:46
Old saying "eat all the profits" springs to mind:d;)
Bad move.
Lmao :)
I didn't say I'd work there, just own the place ;)
Temptation would be too high, plus you'd stink of chip fat all day :(
Gaz.
Sounds a stupid question but how do people become wealthy??
It seems to me the more you earn,the more gets taken away or am I missing the point somewhere along the line?
Any advise would be appreciated...:search:
Win the Lottery.:d
I could do contract work, but I'm too chicken to leave my comfortable job. Probably because I'm too close to the line at the moment.
I hear you, I'm in the same boat. I am a director earning ok money at the mo, but seeing so much of it slip through my fingers really hurts. I want to go into IT contracting, something like technical architecture, but I'll have to cross train first, MSCE is an obvious route, which requires money, etc, etc - vicious circle!
Taking that jump is the hard part though, but a friend of mine, and my other half did the same, and they floated...
Dave Haggas
08-01-08, 21:15
I hear you, I'm in the same boat. I am a director earning ok money at the mo, but seeing so much of it slip through my fingers really hurts. I want to go into IT contracting, something like technical architecture, but I'll have to cross train first, MSCE is an obvious route, which requires money, etc, etc - vicious circle!
Taking that jump is the hard part though, but a friend of mine, and my other half did the same, and they floated...
Just do it flip,you wont look back.As long as you are determined,you will win.I wish I had done it years ago to be honest.;)
Supra-Brett
08-01-08, 21:15
You get rich by taking risks and working hard.
Just do it flip,you wont look back.As long as you are determined,you will win.I wish I had done it years ago to be honest.;)
I'm seriously tempted, hit a kind of plateau where I am now, and its so stressful, got signed off for stress before Christmas... I care too much, I can't just go to work and take the money! This worries me with contracting, I'm not sure I have the right work ethic! I need to work on my f*** it attitude.
OK, I think I'm going to start the online course whilst I am still being paid... first steps and all that...
Difference with me is I'm near the bottom with a long way to go up, so even less incentive to leave my cushy safe haven. 25 days hols, 6 months paid sick, xmas bonus, pension, Bupa, and only 3 miles from my house!!
Not a bad package! I get no bonus, no health care, some sick leave (dunno how much) and my holiday went up to a stonking 21 days this year! So is the stress worth it for me I ask myself? Tricky.
Not a bad package! I get no bonus, no health care, some sick leave (dunno how much) and my holiday went up to a stonking 21 days this year! So is the stress worth it for me I ask myself? Tricky.
No. Get the hell out of there Flip. My friend is going into PC tutoring locally, for the 'older' generations that want to browse the net, log into email, use Word etc. He's got a few customers lined up and is building a couple of websites too. He only quit his job at EDS 2 weeks ago. Just left that day as he had enough.
The stress is never worth it mate and at least with contracting you can take a more relaxed attitude as you'll probably never see the client again after the 6-9months is up! Bonus. ;)
Dave Haggas
08-01-08, 22:41
It is a very daunting proposition at first,but have a plan and learn as much as you can about the system.
I used to think when I was an employee about sick pay and holiday pay,but it really isnt a problem.
I must admit ,as long as you can apply yourself and stay motivated ,it can work.
Just stay focused.:)
Yeah, I think I am going to have to get out, its doing me no good there. I'm tempted to start the MSCE and stay there whilst I do it in the evenings, that way at least I get bread on the table while I train, and if I'm sensible with the pennies (pffft - that'll happen) I can have a buffer zone in the bank for contract finding, etc....
... see, the plan is there, but as has been said... its the jump, scary.
Property - scale up, remortgage and increase your portfolio every year. 20 properties is easily achievable within 5 years. Each should yeid aprox 200 quid on rental on top of mortgage - you can earn 4k per month on rental income alone
"Money is the root to all evil"
Actually, it's "The love of money" that is said to be the root of evil, not money itself.
/bible lesson
dangerous brain
09-01-08, 00:44
My answer to this is be shrewd and completely unscrupulous. Only millionaire I know started off with his gratuity from the army he left at the age of 38 and his house half payed for. He left the army because he was bored having reached WO grade one in real short time about 26 I think he was and not wanting a commision in the catering trade. His mate was an emergency lock smith by trade but was struggling big time. He decided to come on board as the majority stockholder in the firm and in less than a year turned the firm around.
He used his gratuity some 30k and borrowed another 30-50k (he hasnt really disclosed how far he hocked himself to get started) against his house and spent the lot on yellow pages adverts. He had 4 or 5 mobiles and basically started to take all the lock smith jobs one by one in the entire area. He called up regularly all the other guys in the yellow pages and knew where and when to undercut them. After a year or so he commanded the entire areas locksmithing work.
He then consolidated his wealth by moving into a crappy property in a good area and making a small fortune dong it up using cheap labour and wise material buying. After he took command of his immediatte area he started offering the local lock smiths sub contract work only once. If they refused he basically put them out of business (I believe he made an example of the first guy to prove his point) after that most came on board and worked for him.
Some ten years later he runs a lock smithing school, and runs most of the countries lock smithing industry. He has a house down sandbanks with the footballers etc worth millions and is pretty much paid for cash. I have absolutly no doubts he had some heavy pressure from people when he got started as the locksmithing business makes alot of cash and people don't like to see that being muscled in on. Meeting the guy you know there is something about him you wouldn't mess with.
Lack of scruples, a strong business idea and the desire to work all the hours that is sent just to succeed is the right formula add a huge dash of luck and you'll get there
Acutally when most people say they wanna get rich they acutally mean "I want to consume a lot". As an employee, consume and rich doesn't go well together. If you would be given £1k net more per month you would probably spend all of it (like most people would). And that is why some people will always have little to zero net value. So first you need to change your thinking and attitued towards consuming - which basically means a Supra is not financially justified if you are a low-mid income earner.
But to give you some points:
1. Don't be afraid to quit your job and move into a more well paid profession - it is usually the easiest way to increase your pay. Where I grew up it is the only way!
2. Don't spend more than you earn (sounds obvious but few ppl follow this rule).
3. Set-up a budget in excel - you will be surprised how much money you spend on sh1t.
but most important
4. If you want to be financially independant you need to start your own business, in the right sector and be good at what you do.
5. And for the love of god, if you start earning a decent amount of £££, do NOT tell you girl/wife how much you make, because then you can certainly kiss that consume discipline good bye - this is where I am now, so I am learning nr5 the hard way, lol. :fool:
There are professions that offer a good salary, some of them have been mentioned but as a normal employee it will be really tough to become wealthy. Moreover, with the east european states joining the EU you can be certain they will come to the UK and compete for low/mid-skilled jobs that are paying well.
Terminator
17-01-08, 19:31
Making big bucks by being prepared to risk everything usually works. Most people won't step outside their comfort zone, so will not take the financial risk required to earn big money. Most people increase their spending when their income rises,which is fine until income drops. I am talking about running your own business, not working for someone else.
Acutally when most people say they wanna get rich they acutally mean "I want to consume a lot". As an employee, consume and rich doesn't go well together. If you would be given £1k net more per month you would probably spend all of it (like most people would). And that is why some people will always have little to zero net value. So first you need to change your thinking and attitued towards consuming - which basically means a Supra is not financially justified if you are a low-mid income earner.
But to give you some points:
1. Don't be afraid to quit your job and move into a more well paid profession - it is usually the easiest way to increase your pay. Where I grew up it is the only way!
2. Don't spend more than you earn (sounds obvious but few ppl follow this rule).
3. Set-up a budget in excel - you will be surprised how much money you spend on sh1t.
but most important
4. If you want to be financially independant you need to start your own business, in the right sector and be good at what you do.
5. And for the love of god, if you start earning a decent amount of £££, do NOT tell you girl/wife how much you make, because then you can certainly kiss that consume discipline good bye - this is where I am now, so I am learning nr5 the hard way, lol. :fool:
There are professions that offer a good salary, some of them have been mentioned but as a normal employee it will be really tough to become wealthy. Moreover, with the east european states joining the EU you can be certain they will come to the UK and compete for low/mid-skilled jobs that are paying well.
Money isnt so important to me, following your dreams (what you want to do in life) and achieving is.
If you can make money by following your dreams, thats a nice situation to be in. But its only part of the bigger picture. :zen:
i was thinking about shipping a UK ice cream van over to the USA and sell 99`ers,
the ice cream vans in the USA are just like poor quality trucks with "ices" on the side and dont even play "popeye the sailor man" as there driving down the road ;)
I can help you with that. www.whitbymorrison.co.uk make most of the vans on the road. We host them and did the website.
Money isnt so important to me, following your dreams (what you want to do in life) and achieving is.
If you can make money by following your dreams, thats a nice situation to be in. But its only part of the bigger picture. :zen:
I agree, following my dreams has been great, but I'll never be rich. Ho hum
Actually, it's "The love of money" that is said to be the root of evil, not money itself.
/bible lesson
I thought it was women that are root of all evil???
I'll prove it:
Everyone knows Women are Time and Money
Women = Time x Money
Everyone knows Time IS Money
Time = Money
Therefore:
Women = Money x Money (or money squared)
Everyone knows Money is the root of all evil
Money = Square root of all Evil = (all Evil)^0.5
Therefore:
Women = The square of the square root of {all evil}
Women = ((all Evil)^0.5)2
The square of the square root of anything is simply equal to itself....
Therefore Women = all Evil
I think property is still one of the easiest ways to make money. Property and luck. My bro is an accountant, worked very hard for it too, I can make more money by moving house every 2 years than his salary.
With hindsight I would have bought several properties, instead I stretched myself each time whilst lowering the mortgage whereever possible. My current home is valued at 400-450k whilst I only owe 55k, only been in the property 'game' for 6 years so not bad.
I know someone who's just started as a property developer and is making good money already, 4 months in, just takes drive and determination.
I think property is still one of the easiest ways to make money. Property and luck. My bro is an accountant, worked very hard for it too, I can make more money by moving house every 2 years than his salary.
With hindsight I would have bought several properties, instead I stretched myself each time whilst lowering the mortgage whereever possible. My current home is valued at 400-450k whilst I only owe 55k, only been in the property 'game' for 6 years so not bad.
I know someone who's just started as a property developer and is making good money already, 4 months in, just takes drive and determination.
Thats how its done, well done.
I think property is still one of the easiest ways to make money. Property and luck. My bro is an accountant, worked very hard for it too, I can make more money by moving house every 2 years than his salary.
With hindsight I would have bought several properties, instead I stretched myself each time whilst lowering the mortgage whereever possible. My current home is valued at 400-450k whilst I only owe 55k, only been in the property 'game' for 6 years so not bad.
I know someone who's just started as a property developer and is making good money already, 4 months in, just takes drive and determination.
How old are you Ozz??
H.
Trouble with property is you need money to make money.
dane_stone
18-01-08, 13:59
I can help you with that. www.whitbymorrison.co.uk make most of the vans on the road. We host them and did the website.
Went to school with the son of the owner of whitby's and he's just won a young business award himself at 25. Think the dad started off with just one icecream van.
My advise marrie a rich older women lol.
marbleapple
18-01-08, 14:06
To make money you always have to spend money. I have about 30k of student debt atm :blink:
My advise marrie a rich older women lol.
My brother has been going steady with a millionaire for a few years (and she is only 22 :sly:)
To make money you always have to spend money. I have about 30k of student debt atm :blink:
By that logic then, having spent £30K, you should be a millionaire by a week on Thursday!! :d
supra steveo
18-01-08, 14:27
sueing the NHS looks like the best option
To make money you always have to spend money. I have about 30k of student debt atm :blink:
My brother has been going steady with a millionaire for a few years (and she is only 22 :sly:)
Self made or parents? ;)
dane_stone
18-01-08, 15:23
Self made or parents? ;)
who cares whats her number?
dangerous brain
18-01-08, 15:37
I think property is still one of the easiest ways to make money. Property and luck. My bro is an accountant, worked very hard for it too, I can make more money by moving house every 2 years than his salary.
With hindsight I would have bought several properties, instead I stretched myself each time whilst lowering the mortgage whereever possible. My current home is valued at 400-450k whilst I only owe 55k, only been in the property 'game' for 6 years so not bad.
I know someone who's just started as a property developer and is making good money already, 4 months in, just takes drive and determination.
Right up until the property bubble bursts then anyone trying to start now ie not already having huge equity could come a real cropper.
Right up until the property bubble bursts then anyone trying to start now ie not already having huge equity could come a real cropper.
Ive heard people saying that for the last 15 years. bad advice imo.
It's interest rates that ruin people 'in property', if you can ride out any dips in prices you'll be fine. A house worth 20% more than the next will still be worth 20% more during a dip, it'll just be £120k to £100k rather than £180k to £150k.
Went to school with the son of the owner of whitby's and he's just won a young business award himself at 25. Think the dad started off with just one icecream van.
My advise marrie a rich older women lol.
Do you mean Ed?
They're nice guys him and his dad Stuart. It was Stuarts dad Bryan that started the company.
marbleapple
18-01-08, 22:11
Self made or parents? ;)
Grandparents and then parents all of whom set up trusts which matured at the age of 18.
The family own a majority shareholding in one of the largest construction companies in the world.
Terminator
19-01-08, 22:27
Ive heard people saying that for the last 15 years. bad advice imo.
The really big developers have been very quiet for the past eight to ten months. Their activity has suddenly increased since the beginning of the year, so the time is right to buy. The biggest problem with property prices is the media, they just love to talk up a bad market.
sueing the NHS looks like the best option
Did you hear about that singer who got 5mill compensation from the NSH becuase she got a infection??why dont everyday normal people get that and 'FAMOUS' people do:blink:
How old are you Ozz??
H.
32, 33 in May. Had a similar conversation with my bro and we're thinking of buying another small property - much harder now to make money but still possible if you get lucky.
Trouble is I've got a 'responsible' job now and I can't take as much time working on properties - to make money now you really need to do as much work yourself whilst still maintaining a high standard.
Can't see prices crashing myself as long as demand continues to outstrip supply.
Did you hear about that singer who got 5mill compensation from the NSH becuase she got a infection??why dont everyday normal people get that and 'FAMOUS' people do:blink:
Singer? I thought it was trout face?
Ive heard people saying that for the last 15 years. bad advice imo.
Well, let see about that.
You seriously don't believe property price will increase with 10 - 12% every year?
They double every 8 years don't they, regardless of drops etc.
http://www.economist.com/printedition/displayStory.cfm?Story_ID=11671702
I still can't figure out how people can believe 10% - 12% rise in property prices per year is normal when your pay increase usually isnt even half that.
The formula for wealth was buying lots of property in the 1980's and forgetting about it for two decade's :). Well it worked for my Dad.
Right up until the property bubble bursts then anyone trying to start now ie not already having huge equity could come a real cropper.
Ive heard people saying that for the last 15 years. bad advice imo.
See, told you so. Only suckers who thinks property is as safe as government bonds and yield better returns than stocks.
Financial education, hard work, minimize your expenses, savvy investments are mandatory but what it mostly boils down to is luck and shrewdness - nothing else.
Financial education, hard work, minimize your expenses, savvy investments are mandatory but what it mostly boils down to is luck and shrewdness - nothing else.
In short then- I think, therefore I earn.
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