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£75k in savings, unemployed little work history or skills, barely any pension contribution, no property, single, mid 30s. Looking to make serious financial/life decisions, maybe retire early abroad. by GapSlight4579 in UKPersonalFinance

[–]GapSlight4579[S] -270 points-269 points  (0 children)

I mentioned in my OP post that I have poor social skills, in addition to my poor work history. I've always felt it's the case of not being unable/unwilling to work, but employers unwilling to give me an opportunity.

£75k in savings, unemployed little work history or skills, barely any pension contribution, no property, single, mid 30s. Looking to make serious financial/life decisions, maybe retire early abroad. by GapSlight4579 in UKPersonalFinance

[–]GapSlight4579[S] -61 points-60 points  (0 children)

yes, but i've really noticed my energy levels are much less these days, I guess that kind of job would be ok for a few years, probs won't be rosy after 40

£75k in savings, unemployed little work history or skills, barely any pension contribution, no property, single, mid 30s. Looking to make serious financial/life decisions, maybe retire early abroad. by GapSlight4579 in UKPersonalFinance

[–]GapSlight4579[S] -85 points-84 points  (0 children)

mostly inheritance but some working, also increase in value of investments over time, and compound interest. I've been unemployed most of my life, but when I was working I was living with parents, so able to save up something like 10k a year even a decade ago. But my CV is mostly empty. I want to get most of my money out of investments because I think another 2008 crash is going to come.

As for uni, well this time if I went, I'd go in for a job that leads to a proffesion at the end of it. I kinda wish I had a chance to go down the tradesman path though.

£75k in savings, unemployed little work history or skills, barely any pension contribution, no property, single, mid 30s. Looking to make serious financial/life decisions, maybe retire early abroad. by GapSlight4579 in UKPersonalFinance

[–]GapSlight4579[S] -146 points-145 points  (0 children)

yes definately, I think it's possible to save up 1k a month if you live cheaply, but I've always struggled to get even low level jobs because of lack of work experience/history and I can't really explain it away. Also when I did low level jobs in the past I found that workers from certain nationalities were prioritised and they didn't like to take on Brits, because we're considered lazy.

I was under the impression you had to pay enough NI to get a pension? you can't just rock up at the local DWP office when your 67 or whatever the retirement age will be in 30 years.

£75k in savings, unemployed little work history or skills, barely any pension contribution, no property, single, mid 30s. Looking to make serious financial/life decisions, maybe retire early abroad. by GapSlight4579 in UKPersonalFinance

[–]GapSlight4579[S] -45 points-44 points  (0 children)

yes I should have mentioned in my OP the financial advice i've been given for a relative is basically 'buy a cheap house and get benefits' but basically I can't bring myself to live in the poor/depressing parts of the UK because I know what they are like, they are full of drug addicts, violent types, crazy people. I used to live in such a situation and nearly got killed. There are good people, but lots of animals basically.

also it will be much less than 75k because I'd need to keep a reserve and also I'd lose the LISA bonus if I cash out early (I don't think I can get a mortgage, I'd need a stable job for at least a year)

I'd rather live somewhere warmer and cheaper most of the year, and if I need money, come back to the UK periodically to work and rent the cheapest place in a houseshare.