£75,000
#42
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Whether you make money or not depends on the value of gold continuing to rise. It's currently around $1090 an ounce. If you bought £75k worth now and it rose to around $1200 an ounce, as it may well do in 2010, your gold would then be worth around £82.4k.
Edited to say - Houses are your best bet, as I and others have suggested.
Edited to say - Houses are your best bet, as I and others have suggested.
Last edited by Alan_D; 05-11-2009 at 08:35 PM.
#43
I would do one of three things.
a) pay off your own mortgage or as much as possible and so you have more money per week to yourself.
b) buy a property to rent, you could buy two, but then of you get periods of empty places you may start to struggle to cover the costs.
c) buy a place needing some work, do it up and sell it, and keep doing that making a bit on each one.
a) pay off your own mortgage or as much as possible and so you have more money per week to yourself.
b) buy a property to rent, you could buy two, but then of you get periods of empty places you may start to struggle to cover the costs.
c) buy a place needing some work, do it up and sell it, and keep doing that making a bit on each one.
#44
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Take a look at this: http://www.thisismoney.co.uk/mortgag...7&in_page_id=8
At a totally different time as far as the economy is concerned, but inspiring none the less.
At a totally different time as far as the economy is concerned, but inspiring none the less.
#47
PassionFord Post Troll
either that or buy and sell houses making a bit on each one, but renting tem out is a constant income
#50
Coldo loves seamen
#53
If you plan on staying in the house your at now for some time then pay as much of the mortgage off as possible.
If you rnot, but a nice house to raise your new family in.
All those other things came come later when you get to keep most of your income. Do the sums on your mortgage and think of the long term. If you have say a 100k mortgage with 25 years still left to run work out your payments. Chances are you'll be paying back 145k+ over the 25 years. Get that massive debt out of the way and set yourself up for the long term.
If you rnot, but a nice house to raise your new family in.
All those other things came come later when you get to keep most of your income. Do the sums on your mortgage and think of the long term. If you have say a 100k mortgage with 25 years still left to run work out your payments. Chances are you'll be paying back 145k+ over the 25 years. Get that massive debt out of the way and set yourself up for the long term.
#54
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iTrader: (4)
id do what you plan, A nice escos is only 12k and it wont lose no money.
It will also be insured so if the worse happens you will always get the money back.
Then pay a massive lump of youre mortgage off, If you change youre mind and wanna take a chance with youre money in the future then remortgage youre house and get the money that way.
Youre youg so what does it matter. When youre 50 you will have trouble remortgaging but you wont at 40.
It will also be insured so if the worse happens you will always get the money back.
Then pay a massive lump of youre mortgage off, If you change youre mind and wanna take a chance with youre money in the future then remortgage youre house and get the money that way.
Youre youg so what does it matter. When youre 50 you will have trouble remortgaging but you wont at 40.
#57
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havent read any replies, but i would;
£50k savings account
nice car
LONG holiday
wouldnt pay your mortgage or shit like that, waste imo.
£50k savings account
nice car
LONG holiday
wouldnt pay your mortgage or shit like that, waste imo.
#59
PassionFord Post Whore!!
If i was sorted and happy in my currant house i'd......
Buy an escos minter keep a little in a savers account or isa etc etc for a rainyday and pay a massive amount towards clearing the mortgage or if even luckier being mortgage free all together
Buy an escos minter keep a little in a savers account or isa etc etc for a rainyday and pay a massive amount towards clearing the mortgage or if even luckier being mortgage free all together
#62
Nice one brains. Do the maths. Whats the interest on a savings account and whats the interest on a mortgage. By having a mortgage and savings your throwing money away each month without even knowing.
Once you own your house, that is your savings.
#65
I've found that life I needed.. It's HERE!!
If you have always wanted a cossie, get one. Then have a family holiday, then whats ever left pay off the mortgage. except for 5 grand in a savings account for a rainy day.
The way i see it is somthing for me, (car) somthing for us (holiday) and something for the future (mortgage paid up and 5 grand savings)
The way i see it is somthing for me, (car) somthing for us (holiday) and something for the future (mortgage paid up and 5 grand savings)
#67
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Failing that property or land
#69
Wahay!! I've lost my Virginity!!
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#70
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well i wouldnt say on a forum thats for sure!
and if i was paying a house ill settle that first! and a little amount to my children ( if I will have ) but not 20k
and if i was paying a house ill settle that first! and a little amount to my children ( if I will have ) but not 20k
#75
PassionFord Post Whore!!
don't pay off your mortgage, spend the money as I said house dept is good dept.
If you do my plan well and purchase 10 houses you will have a good income, if you make 20 you will be set for life. make 30 fuck your kids and everyone will be set for life.
If you do my plan well and purchase 10 houses you will have a good income, if you make 20 you will be set for life. make 30 fuck your kids and everyone will be set for life.
#76
Too many posts.. I need a life!!
buy to let property mate thats what i did with out inheretence, a good sound investment and while house prices are down its a good time to grab a bargain. Get a good mortgage advisor and he/she will give you good advise on the buy to let mortgage packages and all other releavent information associated with buy to let property. Oh and buy a nice car too! Thats my advise a nice nest egg for you and that little one when he/she arrives. Good luck.
#77
Advanced PassionFord User
Buy as many buy to let properties as you can, perfect market conditions now as houses are cheap as chips (go for 3 houses around £100k with a £25k deposit)
You can retire in 20 years time with a regular income from them and still have the house to give to your kids as they will be paid off by then
Perfect
You can retire in 20 years time with a regular income from them and still have the house to give to your kids as they will be paid off by then
Perfect
#78
yep, seems renters are the best bet. I bought a second place earlier this year that I rent out - don't make me anything now, but don't cost anything either.
But in 20 years time, it will be all paid off.
Going to look at doing the same with my business partner throught the company in the early new year and have a tenant lined up. Then we will keep buying them as and when we can.
I'm 32 now, by the time I am 55 I want to be able to retire with a nice comfortable income.
It's a life changing amount of money that 75k and imo you need to use it to its full potential to set yourself up for the future.
I do agree that you SHOULD get you cossie and a nice one at that and a nice holiday for the family - then be wise with the rest - remember, the cossie isn't 15k lost - it is 15k that is always there if you need it back.
But in 20 years time, it will be all paid off.
Going to look at doing the same with my business partner throught the company in the early new year and have a tenant lined up. Then we will keep buying them as and when we can.
I'm 32 now, by the time I am 55 I want to be able to retire with a nice comfortable income.
It's a life changing amount of money that 75k and imo you need to use it to its full potential to set yourself up for the future.
I do agree that you SHOULD get you cossie and a nice one at that and a nice holiday for the family - then be wise with the rest - remember, the cossie isn't 15k lost - it is 15k that is always there if you need it back.
#79
PassionFord Post Whore!!
search for repo's they are easy to spot you will see the details in the windows on the web sites.
fuck why am I telling your my info lol
I have supplied great information on buy to let and great pic's in the mens room and I still have to pay for access?
fuck it I am standing down.
fuck why am I telling your my info lol
I have supplied great information on buy to let and great pic's in the mens room and I still have to pay for access?
fuck it I am standing down.