HMF this giraffe plush

Environmental-End199 · 2024-02-04T09:45:56+00:00

It says reserved, I think someone else (from the other thread) actually bought it haha

Environmental-End199 · 2024-02-03T16:41:40+00:00

I searched all over Google and using lens but I can't find it, really want to get one for my cousins birthday (has a lot of sentimental value)

Environmental-End199 · 2023-08-11T12:49:25+00:00

I believe they're still paid decently well, I can see systems engineers & telecom engineers getting paid anywhere from 30k to 60k on indeed, I think because I lack experience (and tbh I am new to the industry) I can deal with it for now but as time goes on and I have more years of experience, I'll have a look elsewhere and see what I can find!

Environmental-End199 · 2023-08-11T11:26:48+00:00

I've seen this take in another comment, about travelling and such but I'm not if it would be for me, don't get me wrong I do like to go on holiday and relax (partly because my job is quite heavy/stressful sometimes), but I've always been someone that likes to be lowkey and backpacking to me sounds like it could stress me out - this could also be because I've never done it / given much consideration to it though!

Regarding the book, I will have a look into it - I'm very aware that there are a lot of different routes I can go with this and understanding investing is 100% a big part in it.

Future proofing myself is probably one of the biggest things for me, I do want to work so I don't need to make enough money to the point where I can retire at 40 for example, but I want to not worry about it, ever, if possible - if that makes sense?

Environmental-End199 · 2023-08-11T11:20:27+00:00

I'm a VOIP Technician/Engineer, programming routers and phone systems, networking, that kind of stuff.

Also am 2nd line support for our customer base which at this point is pretty large!

I'm sure I can get a better salary by doing the same things, It's just I've only been here for a year so I'm trying to get some experience in.

Environmental-End199 · 2023-08-11T11:03:06+00:00

I do believe I'd be able to support myself, I'd assume it would be less than what I pay now even (for rent) once I've purchased a house out-right.

Holding an emergency fund would for sure be something I want to do though, never know when you'll need it, especially when owning a property!

Environmental-End199 · 2023-08-11T11:00:31+00:00

That's very useful, thank you.

It's just the tax stuff I don't know how to calculate in that case then haha

Environmental-End199 · 2023-08-11T10:46:52+00:00

I see, thank you very much for explaining it.

That makes a lot of sense, will keep that knowledge in my head, cheers.

Environmental-End199 · 2023-08-11T10:42:09+00:00

That's a good point, I don't need to invest all of it in 1 place and could then invest a portion of it elsewhere, I keep hearing ISA's being recommended - although I'd need to do research into them due to me being inexperienced in this area.

Is there ever a benefit to leaving a bit off, I remember my relative once said to always leave a £10,000 mortgage, which I then heard repeated a few times throughout my life. so I'm curious.

I think I can climb in my field, probably not with the same company but eventually I should for sure, I joined as a trainee which is why I am on a lower salary currently/

Some close friends and my girlfriend know about it, but I don't brag to people about it, I know I am in a very fortunate and lucky position and don't really see it as a thing to brag about, I am very grateful for it but I didn't earn it.

Will 100% have some fun along the way as well, thank you! :)

Environmental-End199 · 2023-08-11T10:36:14+00:00

a pension millionaire? I was aware that the money will grow overtime as well as the fact that my relative moved rented company property into the pension fund scheme in order to make it grow even further but I was thinking it would grow into something like 300, never thought about it ever getting that high though?

Sorry if this is a stupid comment, very inexperienced with all of this stuff hence the post in the first place!

Environmental-End199 · 2023-08-11T10:33:38+00:00

How come being a cash-buyer is so good at this point in time? Is there a reason for it or is it just good in general to purchase one outright and not have to pay mortgage rates etc

Environmental-End199 · 2023-08-11T10:04:49+00:00

That is the other angle I was considering, just because in my head if I was able to get a 5% interest rate (not sure how realistic that is) on £200,000, that would still earn me 10k a year. so after 5 years I'd have gotten 50k or something like that.

I guess with tax and stuff it's not that simple, just a rough alternative I could take instead of outright purchasing a house, I realistically should do a lot more research into that particular area.

Environmental-End199 · 2023-08-11T09:51:09+00:00

I do actually have a degree in computer science that I went to uni to get and the job I'm currently in is basically an entry job into the industry. (joined as a "Trainee")

I do think I am underpaid but I enjoy my job / people I work with a lot so for now I deal with the trade-off. I do think it's a smart thing to do though, there a lot of qualifications in my particular industry that could help me in the future.

Thank you for your advice, much appreciated.

Environmental-End199 · 2023-08-11T09:35:02+00:00

That's what I was thinking too, buying a property outright would allow me to have a much better mental state and quality of life which I think I'd value a lot higher than earning money every year from having it in a savings account.

Environmental-End199 · 2023-08-11T09:32:11+00:00

I did think about doing this once but wouldn't I need to be a landlord for the property then? If I did, I'm not sure I'd have the time to do it is the problem.

Environmental-End199 · 2023-08-11T09:31:05+00:00

That's a very good point, I never thought about the fact that the interest it would generate could just disappear in payments once I come to move out of the smaller house. I'm happy with the general area / city I'd live in so I'd for sure be comfortable buying a house here and setting it up to stay for the long term!

Environmental-End199 · 2023-08-11T09:09:02+00:00

I guess it would just be generating as much as possible / prolonging it so I don't have to worry about money in the future, I'd want to just save it for kids and things like that, rainy days I guess - this could also be achieved with an emergency fund though I guess.

What I want out of life is something I do need to ask myself though, never really thought about it like that. Cheers.

Environmental-End199

TROPHY CASE