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Author Topic: Are some big earners totally stupid ?  (Read 2915 times)

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TheBoy

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Re: Are some big earners totally stupid ?
« Reply #15 on: 01 February 2021, 16:49:57 »

of the whole interest only and savings plan clusterfick.
What Fustercluck?  The only issue was the stupidity of those who had one happily reduce the monthly interest payments when the interest rates dropped, but spent the extra cash rather than redirect into the investment plan to pay it off at the end of the term.

But, then, we know the majority of the british public are brain dead.
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Re: Are some big earners totally stupid ?
« Reply #16 on: 01 February 2021, 16:53:16 »

of the whole interest only and savings plan clusterfick.
What Fustercluck?  The only issue was the stupidity of those who had one happily reduce the monthly interest payments when the interest rates dropped, but spent the extra cash rather than redirect into the investment plan to pay it off at the end of the term.

But, then, we know the majority of the british public are brain dead.
Endowments ;) but I couldn't remember the word :-[
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TheBoy

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Re: Are some big earners totally stupid ?
« Reply #17 on: 01 February 2021, 16:55:37 »

of the whole interest only and savings plan clusterfick.
What Fustercluck?  The only issue was the stupidity of those who had one happily reduce the monthly interest payments when the interest rates dropped, but spent the extra cash rather than redirect into the investment plan to pay it off at the end of the term.

But, then, we know the majority of the british public are brain dead.
Despite the interest rates never going back to the double digit rate when I took mine out, and needing 12% annual growth to cover the loan, I was quids in with mine, but some margin. Because my interest only mortgage allowed for no penalties overpayment, so I kept mine at the 15% payment from when I took it out...

...after 9 years, I'd repaid a quarter, so had I kept the interest only going, it would have been entirely paid off before the 25yr term, and the associated investment plan just cash in my back pocket.
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TheBoy

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Re: Are some big earners totally stupid ?
« Reply #18 on: 01 February 2021, 16:56:59 »

of the whole interest only and savings plan clusterfick.
What Fustercluck?  The only issue was the stupidity of those who had one happily reduce the monthly interest payments when the interest rates dropped, but spent the extra cash rather than redirect into the investment plan to pay it off at the end of the term.

But, then, we know the majority of the british public are brain dead.
Endowments ;) but I couldn't remember the word :-[
Thats the one.  Great idea before our gene pool went up the shitter.
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Rangie

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Re: Are some big earners totally stupid ?
« Reply #19 on: 01 February 2021, 16:59:47 »

Got our first mortgage in 1974 £9,450 for a brand new flat costing £10,850 moved five years later to a brand new house costing £19,995 sold that in 1987 for £89,995, by which time my grandmother had died and left me a substantial amount of cash moved to Norfolk and bought two properties for cash and invested in several more over the years ( buy to let all sold now) so I was completely mortgage free by 33 years of age. It isn't rocket science to handle cash successfully it's plain old common sense & a little bit of luck.
Ah, but having family help financially made that possible.


I feel pretty proud to go from essentially homeless in my late teens to a completely debt free homeowner before I reached 50, without any help.

But then I've driven an Omega for the past 20 yrs, and make do with an iPhone 6.



Yes the cash paid for one house in Norfolk, but on the other hand I could have pissed it up the wall..😁
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STEMO

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Re: Are some big earners totally stupid ?
« Reply #20 on: 01 February 2021, 18:32:23 »

Rishi Sunak has started a go fund me page, he is trying to raise £400,000,000,000. I'm thinking of throwing a fiver in.
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Rangie

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Re: Are some big earners totally stupid ?
« Reply #21 on: 01 February 2021, 18:40:59 »

Rishi Sunak has started a go fund me page, he is trying to raise £400,000,000,000. I'm thinking of throwing a fiver in.
.   

Put me down for £20 Steve always willing to help.😁
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Sir Tigger KC

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Re: Are some big earners totally stupid ?
« Reply #22 on: 01 February 2021, 18:41:27 »

Rishi Sunak has started a go fund me page, he is trying to raise £400,000,000,000. I'm thinking of throwing a fiver in.

We'll all be throwing a lot more than a fiver into Rishi Sunak's fund!  :(
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Nick W

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Re: Are some big earners totally stupid ?
« Reply #23 on: 01 February 2021, 19:00:48 »

Rishi Sunak has started a go fund me page, he is trying to raise £400,000,000,000. I'm thinking of throwing a fiver in.


It doesn't cost that much to get re-elected in Britain? And you don't get to keep what you don't spend ;D
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STEMO

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Re: Are some big earners totally stupid ?
« Reply #24 on: 01 February 2021, 19:03:26 »

Rishi Sunak has started a go fund me page, he is trying to raise £400,000,000,000. I'm thinking of throwing a fiver in.

We'll all be throwing a lot more than a fiver into Rishi Sunak's fund!  :(
That large chicken will have to last you two weeks. Probably be a bit rank after the first week, though. ;D
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Sir Tigger KC

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Re: Are some big earners totally stupid ?
« Reply #25 on: 01 February 2021, 21:04:01 »

Rishi Sunak has started a go fund me page, he is trying to raise £400,000,000,000. I'm thinking of throwing a fiver in.

We'll all be throwing a lot more than a fiver into Rishi Sunak's fund!  :(
That large chicken will have to last you two weeks. Probably be a bit rank after the first week, though. ;D

That's what chilli and curry powder is for!  ;D
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Rangie

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Re: Are some big earners totally stupid ?
« Reply #26 on: 01 February 2021, 21:30:12 »

Rishi Sunak has started a go fund me page, he is trying to raise £400,000,000,000. I'm thinking of throwing a fiver in.

We'll all be throwing a lot more than a fiver into Rishi Sunak's fund!  :(
That large chicken will have to last you two weeks. Probably be a bit rank after the first week, though. ;D

That's what chilli and curry powder is for!  ;D


The next morning should be eventful..😂
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TheBoy

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Re: Are some big earners totally stupid ?
« Reply #27 on: 02 February 2021, 17:32:50 »

Rishi Sunak has started a go fund me page, he is trying to raise £400,000,000,000. I'm thinking of throwing a fiver in.

We'll all be throwing a lot more than a fiver into Rishi Sunak's fund!  :(
That large chicken will have to last you two weeks. Probably be a bit rank after the first week, though. ;D

That's what chilli and curry powder is for!  ;D


The next morning should be eventful..😂
Im my case blood. A lot of blood.

Tim clearly didn't appreciate a bit of spice.
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biggriffin

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Re: Are some big earners totally stupid ?
« Reply #28 on: 03 February 2021, 14:17:20 »

If I'd have not invested in Greene King stock and Scottish n Newcastle stock in my 20/30's I would be mortgage free by now. They seemed good investment at the time :D
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Rangie

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Re: Are some big earners totally stupid ?
« Reply #29 on: 03 February 2021, 14:19:58 »

If I'd have not invested in Greene King stock and Scottish n Newcastle stock in my 20/30's I would be mortgage free by now. They seemed good investment at the time :D
.   


Hindsight is a wonderful thing..😂😂😂
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