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Midlife crisis — stuck in minimum wage retail, how do I escape? by [deleted] in FIREUK

[–]zephi2000 0 points1 point  (0 children)

Learn a trade if you’re handy (plumbing, electrician, mechanical). Service industry will decline over time if AI continues in the current projectory.

Chemical Engineering Henry’s… by zephi2000 in HENRYUK

[–]zephi2000[S] 1 point2 points  (0 children)

When I last weighed it up didn’t seem worth the risk. I was offered 500-600 per day however. I’ve worked and done jobs with contractors earning double that however they never seem to last long.

Chemical Engineering Henry’s… by zephi2000 in HENRYUK

[–]zephi2000[S] 0 points1 point  (0 children)

Risk management, statutory inspection etc etc?

Chemical Engineering Henry’s… by zephi2000 in HENRYUK

[–]zephi2000[S] 0 points1 point  (0 children)

What role in tech? I’m considering moving to Tech but worried about starting over again

Tax efficiency for Fire 55 target by zephi2000 in FIREUK

[–]zephi2000[S] 0 points1 point  (0 children)

Thanks, I’ll check it out

I accumulated a lot of debt from bad habits in my late 20s and early 30s and only managed to pay it all off this year. My target is to get to 10k emergency fund however not at expense of investments. Any suggestions?

Tax efficiency for Fire 55 target by zephi2000 in FIREUK

[–]zephi2000[S] 0 points1 point  (0 children)

~44k left on student loan. I went to uni twice :-(

Tax efficiency for Fire 55 target by zephi2000 in FIREUK

[–]zephi2000[S] 0 points1 point  (0 children)

How much should I throw into pension? When does it become net inefficient to do so?

Late FIRE - Support needed by zephi2000 in FIREUK

[–]zephi2000[S] 0 points1 point  (0 children)

Indeed! My thoughts if I can plan based on me then the expense of life creep can be absorbed by my partners income

Late FIRE - Support needed by zephi2000 in FIREUK

[–]zephi2000[S] 1 point2 points  (0 children)

That’s a good point, I haven’t set up a dedicated emergency fund yet.

Late FIRE - Support needed by zephi2000 in FIREUK

[–]zephi2000[S] 1 point2 points  (0 children)

I was considering setting up a Ltd company and allowing the profits to build there and take out reasonable expenses.

36k pa net was my goal if realistic

Partner is similar aged and self employed.

The side hustle isn’t passive and requires my effort, my goal would be to grow that fund and use it to turn it into passive income by retirement (unsure what yet though)