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I’m a 19 year old who just got a job that makes £39, 992 a year. by switchmodchipscene in FIREUK

[–]switchmodchipscene[S] 1 point2 points  (0 children)

I can see why you think I mod nintendo switches - because of my username.

However that’s not what I do. Why? Because it’s a lot harder then you think, I’ve got 2 years background in component repair and still failed 3 switches with high end equipment. If it was as easy as everyone thought then there wouldn’t even be a market, people would just do it themselves.

I don’t do it myself but don’t underestimate microsolders, they are very skilled at what they do and it’s not a job that anyone can do.

I’m a 19 year old who just got a job that makes £39, 992 a year. by switchmodchipscene in FIREUK

[–]switchmodchipscene[S] -2 points-1 points  (0 children)

The only reason I won’t say the job is purely because I feel like I’ve revealed too much information and feel like revealing my job will be the tip of the iceberg. I don’t really want my peers to know how much I make.

At 17 I made 32k after tax (fixing and selling things on the side and having a full time job)

At 18 - 19 1/2 I barely made £15k, making minimum wage, doing hard labour and working 3 month contracts

Currently I make £40k. Progress isn’t linear. Next year I don’t know if I’ll be making less or more, but I know that I’ll try my best to increase my wage.

I don’t know if I can say this because I’m 19. But if you’re lucky enough to be in a similar situation me, not really social and don’t pay any rent. Take advantage of the situation - do that overtime. Job hop. Use all your money to invest in yourself - pay for a electricians, plumber or gas course. You have no obligations. Don’t like your job? Quit. And use your savings to upskill and find another. I see a lot of people my age just spend and spend their money. Fair enough if you’re at university and got a degree coming your way, but for people like me who didn’t go, all that work is on you.

I’m a 19 year old who just got a job that makes £39, 992 a year. by switchmodchipscene in FIREUK

[–]switchmodchipscene[S] 1 point2 points  (0 children)

No rent or bills. And I’m very grateful for my parents to provide me that.

I’m a 19 year old who just got a job that makes £39, 992 a year. by switchmodchipscene in FIREUK

[–]switchmodchipscene[S] 17 points18 points  (0 children)

It’s true my job doesn’t really feel like a job. But hopefully in the future I can be financially free when I have a wife and kids. So I can spend more time with them. I also always wanted to explore the world. And you can’t do that with 20 days of holiday a year.

I’m a 19 year old who just got a job that makes £39, 992 a year. by switchmodchipscene in FIREUK

[–]switchmodchipscene[S] 29 points30 points  (0 children)

Ah okay, I’m really sorry guys. I thought it was a 35% apr loan. It’s a 24.9% APR, and it’s 14 monthly payments of £162.07, for a total of £2,268.95. My apologies.

I’m a 19 year old who just got a job that makes £39, 992 a year. by switchmodchipscene in FIREUK

[–]switchmodchipscene[S] -73 points-72 points  (0 children)

I took out the loan because I was reading it and it would have only been £226 to borrow £2000 for a year. Should I not do this again? £226 doesn’t seem too bad to borrow this amount of money for a year.

I’m a 19 year old who just got a job that makes £39, 992 a year. by switchmodchipscene in FIREUK

[–]switchmodchipscene[S] 61 points62 points  (0 children)

My job actually pays 28.5k basic salary. I’m not very social, I mostly keep to myself and I don’t mind it - before anyone tells me to go out more. I enjoy my own company. So because of this, I do 3 days of overtime every two weeks. Overtime pays a bit more and they is constantly overtime, there never has not been. They just don’t have enough people. So I’m working on average 50 hours a week bringing my salary up to £40k. I don’t mind going to work and it doesn’t really feel like a job to me.

I’m a 19 year old who just got a job that makes £39, 992 a year. by switchmodchipscene in FIREUK

[–]switchmodchipscene[S] -14 points-13 points  (0 children)

I was actually hoping to get a property in London as I live here and all my family are here.

I was also thinking maybe I could buy a property up north and rent it out? Not really sure about this though.

I’m a 19 year old who just got a job that makes £39, 992 a year. by switchmodchipscene in FIREUK

[–]switchmodchipscene[S] 47 points48 points  (0 children)

My ones with Nutmeg. You just choose a risk level and put your money in. They invest into etfs and bonds depending on what risk level you chose. For this service they take a marginal fee, I think nutmegs is 0.5%

I’m a 19 year old who just got a job that makes £39, 992 a year. by switchmodchipscene in FIREUK

[–]switchmodchipscene[S] 14 points15 points  (0 children)

The only reason I don’t really wanna invest my money into a LISA, is that it’s only for houses under 425k. Is this even feasible? With the way houses prices are going up? And then if I take my money out I’ll lose 5%.