Screwdriver wrote: Wed May 03, 2023 11:49 am
Nothing for me but what is surprising is that I hadn't considered what it would be like to get fuck all while at the same time seeing so many others win big. It is depressing (like I needed that).
I'm not sure if people are born like this or learn it, but when I was an apprentice I was moaning one day about what someone else was getting paid, and one of the old fellas stopped me dead, he told me that life is like a big pizza and we're all around the table getting our slice, don't worry about anyone else's slice, just make sure you're getting the slice you want.
That lesson hit me between the eyes and as a result I rarely feel envy or resent.
When I was about 18, a guy at work gave me some good advice.
Never try to drag folk down to your level. Try to raise yourself to their level.
It's done me well.
If i gave any of you a million quid you'd be happy right? I mean proper over the moon about becoming a millionaire! But what if I gave you £10 million but the catch is, today is your last day on earth. You don't wake up tomorrow. Would you take it? No, you wouldn't.
So just waking up tomorrow is worth more than £10 million quid to you, and that should tell you something...
Taipan wrote: Thu May 04, 2023 2:17 pm
If i gave any of you a million quid you'd be happy right? I mean proper over the moon about becoming a millionaire! But what if I gave you £10 million but the catch is, today is your last day on earth. You don't wake up tomorrow. Would you take it? No, you wouldn't.
So just waking up tomorrow is worth more than £10 million quid to you, and that should tell you something...
Once we hit that first number, we retired. Didn't want any more. We just wanted to stop working and live somewhere warm.
Screwdriver wrote: Wed May 03, 2023 11:49 am
Nothing for me but what is surprising is that I hadn't considered what it would be like to get fuck all while at the same time seeing so many others win big. It is depressing (like I needed that).
I'm not sure if people are born like this or learn it, but when I was an apprentice I was moaning one day about what someone else was getting paid, and one of the old fellas stopped me dead, he told me that life is like a big pizza and we're all around the table getting our slice, don't worry about anyone else's slice, just make sure you're getting the slice you want.
That lesson hit me between the eyes and as a result I rarely feel envy or resent.
If the PBs aren't meeting your expectations then you could put your money into an ISA or fixed saver with a guaranteed safe 4%.
You could get 5% if you shop around for the best fixed savings accounts - https://www.moneysavingexpert.com/savin ... -interest/
Or you could try the markets and gamble it for more, buying an S&P tracker now might not be a bad buy if you can sit on it ten years.
Thanks for that. Yes, I accept it is a failing but I am just saying I hadn't considered that scenario prior to "investing" in PB's. It just caught me off guard is all. I was fully expecting to win big!
I will run with this for a while and see how it goes because a few percent here or there is of no importance even in the long term. I am in deep shit and unless I come up with a way to manufacture a living wage, there won't be a long term.
Paradoxically (and yet @weeksy I hope still on topic in this "finance" conversation), the "Great Reset" might not be so bad for a chap in my position. It might not even be set in motion by our lords and masters in Davos. Google "Carrington event" a.k.a. Gods own great reset and you'll see what I mean. So if PB's don't score for me I might just buy an actual lump of gold (a small one mind...)
<PS> I was going to start a "Tinfoil hat required" thread on this very topic. Actually, know what. Fuckit. I will.
Can't you just do Uber to make money? I always thought it would be an ok way to get by. Ok, it won't make anyone rich (except maybe Mr Uber, whoever he is). But it seems like a flexible, fairly low stress way to cover living costs.
I'm not convinced any form of gambling is the answer to make money, if you really need it.
I've won too! Dunno how much as I wait for it to land in the bank account but if it's not £25 I'll be amazed (and pleased obvs). I think I'm currently running at 5% return.
MyLittleStudPony wrote: Thu May 04, 2023 3:48 pm
Can't you just do Uber to make money? I always thought it would be an ok way to get by.
@potter nailed it with "get a job" but I am aware this is not a thread about me so did not reply. I do have some "news" about my condition which I should probably post in the "Limitless" thread (it's not good news).
<edit> Doh! Wrong thread for that attempt at a segue...
Count Steer wrote: Fri May 05, 2023 10:34 am
I've won too! Dunno how much as I wait for it to land in the bank account but if it's not £25 I'll be amazed (and pleased obvs). I think I'm currently running at 5% return.
Potter wrote: Fri Jun 02, 2023 8:51 am
I took all of mine out and put it into something else, but then about a week ago I filled it up again to the max, although I'm not eligible for the draw until 1st July, the rules say it has to be in for one full calendar month before you get entered into the next draw.
So let's see what sort of winnings that produces over the next few months.
KungFooBob wrote: Fri Jun 02, 2023 9:21 amNothing.
£200 this month which puts me a smidge under 4.5% return
Just checked and my mortgage is 8.84% now so it seems like time to pull a lump out of PBs. which is a shame as I look forward to the drawers each month
Potter wrote: Fri Jun 02, 2023 10:52 am
Quite a few banks are offering 5%+ fixed term savings accounts now, some of them for a few years, so it suggests that analysts think the interest rate won't be going south for a few years and will likely go up instead.
One building society (that I've never heard of*) is offering a 9% account. Sadly, you need to have had an account with them for a year. My B Soc (Nationwide) is awash with cash and gave £s reward for 2 months based on what you spent at various shops eg Sainsbury, now it's rewarding members with a £100 each sort of dividend. (I guess rising interest rates have reduced the number of mortgages processed so they have a cash surplus?).
I really need to sort out access to the Premium Bonds thingy! Need to call them I think. Pretty sure they'd have mailed me if I'd won, and I have very very little in there, but, you never know!! LOL
Life is for living. Buy the shoes. Eat the cake. Ride the bikes. Just, ride the bikes!!
Bustaspoke wrote: Fri Jun 02, 2023 11:05 am
I'm going to take my money out & put it in a savings account now that the rates are going up.
Be aware of tax, if you've already maxed out your personal allowance then you'll pay tax on anything over a grand in interest, there are some finer details if you're a low earner where you can get further tax breaks, but generally that's it.
ISA and PBs are a good source of tax free interest.
Lloyds are offering a 4.25% for 2 years ISA right now.
It was 4% a few weeks back, so clearly they've revised their interest rate predictions as you say.
Sadly, you need to have had an account with them for a year. My B Soc (Nationwide) is awash with cash and gave £s reward for 2 months based on what you spent at various shops eg Sainsbury, now it's rewarding members with a £100 each sort of dividend. (I guess rising interest rates have reduced the number of mortgages processed so they have a cash surplus?).
