Retired Climber
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Everything posted by Retired Climber
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For anyone with any doubt that @kevinjohnsonmbeis a bit of a strange chap, he goes and panic buys Marmite. Any further suggestion that Kev is anything other than odd should be immediately struck from the record. 😀
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The 80 % is the amount the employer gets, not the employee. Loads of companies are topping it up so many staff on Furlough are on full pay.
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This is exactly why I said everyone's situation is different. Sounds like you've got it pretty much sorted (for you), but that wouldn't work for me. Around our way you can't buy a house for 350 grand that you'd want to live in. In fact, you couldn't buy anything; even the old ex local authority houses on the edge of the village go for about half a million. The average house price on our road would probably be getting on for twice that. I won't be selling our main residence, but have other property to sell. We don't have a mortgage or any loans / credit and don't live a flash lifestyle so we are pretty much recession proof. If I can leverage an advantage from a situation I will. In fact, that's pretty much my day job. I can pay all of our household bills by working 2 days per month, but then you've got big expensive toys to play with all day, so I'll have to admit defeat; you win.
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I agree with what you are saving, and from that perspective you are quite right. However, it doesn't make it a good position to be in.
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He probably is now. Anyway, we are going to be argueing semantics if we continue with this. There is a certain perverse logic to the statement, but that doesn't mean it's not a stupid thing to say. No matter how you look at it (unless you are skint and are trying to win a cheap point against the bank) owing 150 grand on a 100 grand asset isn't ideal. The point will become most apparent if the borrower wants to move (presuming the property is the primary residence).
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I bet the source of that little gem was skint.
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Not really. Level of debt doesn't really tell us anything. If you owe 200 grand on a 5 million pound house you are in a very different position to someone who owes 200 grand on a half million pound house. It would be rather narcissistic of me to think i know how to run your finances better than you do.
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I'm not tired of climbing, I still love it. It's the main reason I'm here. I still do a bit, but not at any sort of speed any more. I just realised I had more lucrative skills that could be used in other industries.
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I think this time, the music will stop (or at least pause for a while). Some very knowledgeable people agree with me; some very knowledgeable people disagree with me. I'm making it up as I go along just like everyone else. It's served me well so far though.
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I retired from climbing; I'm not retired. Good luck with it; I hope it works out for you.
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There's no such easy answer I'm afraid. I did apologise for my answer being rather cryptic. I'm not the oracle you seek.
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Not really, it will be different for everyone. Change delivers opportunity, and changes are quite a big part of everyone's life at the moment. Furlough has been little more than shoving a massive load of QE money into the economy. Sooner or later the music stops, and everyone is left dancing to their own tune. Sorry if that answer seems a bit cryptic, but you'll have to do your own research and formulate your own plan.
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There is a once in a lifetime opportunity around the corner for anyone with enough liquidity to take advantage quickly. It's no different to shorting stocks and shares. There's money to be made no matter what the masses are doing. Don't wash the van, sell it. Actually, wash the van and then sell it.
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There are really 2 different conversations to be had here. One is how to depression proof your arb business, and the other is how to depression proof your finances generally. Actually, there's a third; I'm doing everything I can to set things up to make a nice tidy profit out of any bubble bursting that may occur.
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If you try the local paper make sure there are a few birds nests scattered about for the photos, or even better a Crested Newt that looks like it's just had a bang on the head. 😀
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Pretty much the whole world was in a bubble even before Covid. It's going to burst at some point. Put your money in stuff that people really need, not the nice to haves.
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Judging by the skill with which the tree was done, they probably needed to replace the fence and the sheds when they were finished.
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If you have any specific questions start a thread. I'd be happy to explain.
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Not really, a basic brochure site built on something like WordPress is a pretty standard thing (especially if all content in provided). It doesn't really matter how many pages there are going to be, it's all about the structure. Anyway, I'm derailing the thread, sorry.
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A basic brochure site for a tree surgeon with all copy, images and content supplied prior to start.
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What's the cost of an average site from you?
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Even that's dodgy because once they start to receive bonuses they get it into their head that they are entitled to it. Then, if things aren't going so well and you don't give a bonus, you end up with staff who are more resentful and demotivated than when you didn't give a bonus at all. Staff, can't live with em, can't live without em.
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I did that for a while and it was more trouble than it was worth. It leads to a culture of doing things quickly not properly, blaming individual team members for holding up progress if they are concerned about safety, and even leads to team members moaning about early finishes or a bit of paid time off because they want to get their bonus.
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You just know it's going to be a pain in the backside. I've got one now, the National trust say it's 'Highways' responsibility, and 'Highways' tell me it's the National Trusts responsibility. The customer told me that the forestry commission own it.
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I do hope we can still get Aspen post apocalypse. I really don't want to be fighting zombies with crappy old pump fuel.
