What’s your financial situation

[iron_mike]

Company car with plenty of mileage is the game changer. Worth ten grand a year at least.

[Locke]

Getting a company car was the best financial decision I ever made. Would do the miles anyway so it’s like a monthly lottery win for me

[iron_mike]

Ditto. I pay 20% on €100 BIK each month. Fuel card, service, tax, insurance, maintenance all paid for. Easiky worth 10k to me

[cluaindiuic]

The bigger companies would be making lads redundant all the time. Two of my best friends recently engineered their way into redundancy. Another example I’d have is a real handy one if you can swing it. The guy who sits next to me in work was made redundant 4 years ago. He had been with the company 18 years, I had worked with him for many of those. I expect he got 150-200k to walk. If you’re made redundant you can rejoin the company as a contractor but you have to sit out for 6 months. As it turned out I had a contract role available on my team that the recruitment agency were failing miserably to fill about 6 months after he left. I gave him a ring and he was back in a contract role after being paid to leave. He gets a nice cushy contractor role and the added benefit of having much less responsibility and not being dragged into corporate nonsense that permanent people do.

[mickee321]

@iron_mike

Company car with plenty of mileage is the game changer. Worth ten grand a year at least.

a lot of places now mike dont give the car but give about 600 a month or that would “equate” to the benifit
@cluaindiuic not sure what line of work you are in or size of company but usually once folk hit 50 and they have a steady stream of college grads coming in on 35k a year they may make and offer
i think we all need a plan for 50 onwards tbh…( get there in one piece been the first objective)

[balbec]

Best thing you could do

[caulifloweredneanderthal]

I’ve fuckall but I’m (relatively) happy.

I was comfortable years ago, but took a career change and started from scratch. Things are looking up though. The Mrs went back working this week a struggle to get something, and I get a promotion (an extra 15k per annum) next January. We knew a few years ago if we could weather the storm for a couple of years things would be ok

Rent is the fucking killer. I remember back in 09 going buying a car for 10k with cash and then heading to California a month later for a three week holiday and still having plenty. Could barely do a weekend away at the moment !

I do have land that’ll be moving into my (and my sisters name) soon alright so there are some assets as much as it could be considered an asset.

[Locke]

I pay 12% on the worth of the car (value/3/12*12%). For nothin! Fuel card, service etc etc all paid for

[mickee321]

@cluaindiuic

The bigger companies would be making lads redundant all the time. Two of my best friends recently engineered their way into redundancy. Another example I’d have is a real handy one if you can swing it. The guy who sits next to me in work was made redundant 4 years ago. He had been with the company 18 years, I had worked with him for many of those. I expect he got 150-200k to walk. If you’re made redundant you can rejoin the company as a contractor but you have to sit out for 6 months. As it turned out I had a contract role available on my team that the recruitment agency were failing miserably to fill about 6 months after he left. I gave him a ring and he was back in a contract role after being paid to leave. He gets a nice cushy contractor role and the added benefit of having much less responsibility and not being dragged into corporate nonsense that permanent people do.

the contractor role tho…
its not exactly stable and id say that 200k wont be long going with a few kids and paying a house ( or 2)
there are many lads and it works out fine… but after been institutionalized in one place for that long can make it a challenge for the individual and a prospective employer

[mikehunt]

@StoneCold

…er month, which was needed to finish the house. Herself has a similar loan. I save about 850 a month which is probably excessive but I still have to a bathroom and to landscape outside to do. It’s frustrating that we are spending so much on a house instead of holidays etc but it keeps herself happy.

Why didn’t you top up the mortgage rather than taking out a personal loan?

[mickee321]

@flattythehurdler

I know. Its making me feel uneasy recently. I suppose I’m getting tired. Tired of work and tired in general. I want to go home, but I’m stuck for a bit yet.

good luck old pal

[TheUlteriorMotive]

@balbec

This thread is at nothing until lads start posting up their P60’s in the middle of the night.

Only employees get p60s.

Tfk is a forum of landlords and international businessmen

[iron_mike]

Im 50 this year kid. College is sorted for the two kids. I dont give a fuck if Im on bread and water once the two girls are sorted.

[RaymondCrotty]

By western standards I’m not well paid. By Cambodian standards I am. Cost of living here in Cambodia is very cheap but no social services/job security so savings are essential.

There are several micro finance companies who have setup here in recent years. Debt is a big problem with people bringing sick relatives to hospital in Thailand etc where care is much better. Companies involved do a lot of damage and it’s an increasingly big problem with really poor financial literacy in rural areas.

[mickee321]

@Corksfinedtboy

.…s choice- keep telling my kid as we drive through our estate ,get the teaching job ( instead of trade like me)steady Eddie job stick it out and choose where you live ,what you drive) eat etc,I’m hoping he emigrates as here he hasn’t a hope this country takes too much for any young person to get ahead

very wise
a steady income is something many of us take for granted
and it takes the wisdom of years to be able to understand it

[mickee321]

@iron_mike

Im 50 this year kid. College is sorted for the two kids. I dont give a fuck if Im on bread and water once the two girls are sorted.

thats a great position to be in man
many more would be a lot more precarious id say tho at 50

[Julio_Geordio]

@StoneCold

…er month, which was needed to finish the house. Herself has a similar loan. I save about 850 a month which is probably excessive but I still have to a bathroom and to landscape outside to do. It’s frustrating that we are spending so much on a house instead of holidays etc but it keeps herself happy.

Can you roll up the loans into the mortgage? That’s mental money to be paying on a personal loan

[cluaindiuic]

@mickee321

a lot of places now mike dont give the car but give about 600 a month or that would “equate” to the benifit

Yes, a car allowance. Handy one. It’s just more cash under another category. Some companies run this by seniority. So you don’t get it until you get promoted to a certain level and increases as you go up further levels.

[Julio_Geordio]

@gilgamboa

…My company pension scheme pays 5 x salary as death in service and my wife would get 1/3 of my salary annual pension. A huge benefit in roleMy mortgage protection would pay off my mortgage. She would also get a widows pension from state.

That’s a savage perk

[iron_mike]

Still reckon company car is better value unless you’re car is already paid off. 600 a month is worth fuck all if you’re paying off a loan, insurance, maintenance etc