sti-04!!

Wow

Another keyboard warrior.

sti-04!!

In answer to the original question.

I have never ever counted, got enough

the_keyboard_warrior

Excuse me, theres only ONE Keyboard warrior.

Get it right next time.

sti-04!!

hades

A lot of variation in what you're counting as "disposable". £1200/month isn's a silly amount if you count "disposble" as income minus regular monthly DD payments i.e. mortgage, utility bills, council tax, I can probably match/slightly beat that. If you throw in things like running the car, eating food, internet and sky, normal nights out and all that stuff that you either need or at least always do, that's a lot of it gone.

Also varies lots. Last month my final balance was about -£500, courtesy of a 60k service on the scoob and a ski holiday (including buying some ski gear), and a couple of other big spends. This month, I'll more than make that back courtesy of some minor surgery and 3 weeks convalescence (i.e. doing and spending sod all.)

106rallye

no offence mate but if I had that much disposable income each month I would do a damn site more than spend time posting on scoobynet!

Andy

KiwiGTI

Problem is I have to turn up to earn it, and as there isn't much to do during the day Scoobynet is a way of passing the time. But as it happens, last year we went to NZ twice, New York 3x, Thailand 2x, Europe 12x.

i'm honest, as an IT contractor I'm on £550 per day, plenty of people I know are on much more and it's not that hard to do either.

john banks

Do you live/work in a tax haven? Do you think there will be a bursting of the IT contractor rates bubble when the people that pay cotton on to what value they're getting? Many well paid IT people invariably seem to claim they do very little to earn their income. Is this genuine or is it a fashionable claim?

Suresh

Not quite in Kiwi's league , but we live quite well too and still put enough aside to buy a new spec D every year if we wanted to!

milf hunter

i have none i keep paying girlys to make films

KiwiGTI

Well the bubble has essentially been going for 15 years and the demand is still there, if not stronger than ever. It's also an industry where if you are above average you can shine very easily. There are a load of cowboys in the industry though.

Of course I have to pay tax on those figures, so essentially that's cashflow every month.

Don't forget the downsides - we get paid more for a reason. No holidays, sick days, pension, training, redundancy, security etc.

In all honesty I probably cost the same or less than a permanent on £70k, especially when you consider how hard they work.

Also considering I'm responsible for designing systems that cost millions of pounds then I don't think the renumeration is excessive.

KiwiGTI

Take this for example :

http://www.jobserve.com/W3AB74F02979B22A5.job

One of many.

And just to astonish you even more, we regularly have consultants in that are paid between £2000 and £4000 a day. (Not them personally, but the company they work for)

KiwiGTI

Presumably you could earn a lot more by working in the City or Canary wharf rather than Europe though. (if you wanted that life)

Suresh

I've had that sort of life before mate and I'd rather have this one to be honest!

Bubba po

What a ****-waving thread THIS has turned out to be.

fast bloke

<Waves **** at Bubba>

It isn't difficult to make 1k a day and over in IT. The main problem is that you have to work up to 8 hours a day to do it - That is why I packed in IT for financial services

Suresh

If you've got, it flaunt it! :willywave:

KiwiGTI

i don't own property in the UK so I'll ***** wave as much as I like about my income - I have to read enough about smug homeowners and their capital gains and renovations on here as it is.

Bubba po

The smell of cheese has become unbearable.

fast bloke

Being a house would be class - You can make 100k a year without moving an inch

Bubba po

It's easy to make 365k p.a. in IT, apparently. Even more in a leap year.

fast bloke

Yeah, but you have to do stuff, and no-one works every day

moses

i wish i could mate, im forever paying bills and mortgage but still thank God i get food on the table all the time

fast bloke

p.s. Is **** waving the same as Willie waving?

moses

lol wicked nice one


see if u guys got spare money instead of spending it on material stuff ,invest it in houses or flats, new houses is better coz within a yr the prices go up tae 15% or more

i swear if we didnt dae that in the past , we would have been bankrupt a few yrs ago



houses and land we(dad) bought for 30k etc etc in the 80's and myself in the 90's went above 150 tae 350k each and land over half a million tae a million

when we hit hard times, we sold alot of oor stuff and saved oor own houses and some of oor business;s

thank God for everything

moses

guys i will give u an example

lets say some of u r homeowners and your property value is 200k, thats an average house in glasgow 4 bedroom not too expensive and not too cheap either


and u only got a mortgage of 100k on it, thats an equity of 100k

u can easily get uo tae 75k or something remortgage on it


lets say after paying the bills and mortgage and weekend dinners and pleasure u have anything from 400 tae 600 pounds a week spare and all u dae is waste it on silly stuff and u dont need tae.


u can get a remortgage for 50 tae 60k and it will cost u between 200 tae 300 pounds a month interest only.


u can put 20k each doon for a 2 bedroom luxury flat or a house brand new one inglasgow and get a mortgage for 100k and rent it oot , thats 2 houses and 20k each deposit, u r left wae 10k or 20k either u can put that doon for a deposit for another house a few months after u bought the 2 houses or u can let it lie in your bank just in case your 2 houses dont rent oot, u can pay the mortgages for them from the cash u got sitting in the bank for a whole yr and it wont be a burden, thats only if it doesnt rent oot

chances r it will rent oot, after insurance and factors etc u wont make much profit but your property value will increase alot and your mortgage will be getting paid even if its breaking even it may go over 15k tae 20 k in value within a yr or so u know, its true.


keep it for a few yrs and sell it aff and pay aff your own house mortgage etc or invest in more properties


or wae that 60k u can buy a small one bedroom flat u can buy for 40k each by putting a deposit and getting a mortgage or buy a fully paid property valued up tae 60k and get rent at least 350 a month etc etc


trust me in a few yrs time, it will help u, it helped us

john banks

Moses, house price inflation may have helped you in the past (me too), but you haven't stated the downside risk that a leveraged investment can result in negative equity. This is hardly mentioned these days, and that is just why it worries me greatly that everyone thinks housing will only keep going up. I'm banking on it not doing for much longer. You ignore the old "past performance is no guarantee to future returns" at your peril. Otherwise we would all just follow the latest appreciating asset class and extrapolate the trend and nothing would ever crash. Perhaps we should look at value and returns a little deeper?

Yields on "luxury" two bed flats in the UK in many areas are now lower than a deposit account I believe.

I'm renting at 2.5% of the property's present value. I'm not buying again until buying is more attractive than renting. I wouldn't recommend my worst enemy to start flipping 2 bed "luxury" (****hole) flats these days.

KiwiGTI, I wouldn't consider cashflow the same as disposable income with the obvious costs still to come off it compared to the take home pay an employee would receive.

KiwiGTI

It's disposable to me, well for 10 months of the year, the other 2 would end up with HMRC.

KiwiGTI

I think Moses is describing a similar scheme to what the Chinese do, really helps wealth grow within the communities and helps each other. Something white people long forgot about. It's not always about making money.

51st state

quality