All work and no play nearly made Roy a dull boy.

[Roy]

I read a post on another forum earlier that made me stop and think. I cried a bit too.

As people are aware, no doubt, that I am prone to certain and dramatic bouts of melancholy from time to time, this will not come as a shock.

I'll leave it anonymous, but can add a source link via PM if required. The topic was 'withdraw or reinvest?'

 

"As always I will be withdrawing my interest in full and then using it to live off for the next month. Of course I have other sources of income as well and I don't rely on _____ interest to survive but all my income at the moment is from various investments and savings accounts that I have.

I won't bore you with the details but I have got 2 quite good pension schemes I am in but I have to wait another few years before I can draw them without suffering an actuarial reduction. 

I worked full time for 30 years + in a quite well paid job and I was of the generation where I was brought up by my parents to save a little all the time. Well if I am honest I regret that now to some extent. I was fortunate to always earn an above average salary but I didn't live an above-average lifestyle because it was drilled into me by my father that I should always put money aside in the building society every month for a rainy day. So while I could have lived in a big house and driven and expensive car the reality was I lived in a modest house and drove an average quality car. I bought average quality High Street Clothes and I went on average priced holidays. 

The upshot of all this is that when I got past the age of 50 I had a considerable sum of money in bank and building society accounts and remember I was saving in the days when you got good interest in the building society. And of course I only ever had one very small mortgage that I had paid off years previous . Think about it, I was stuffing hundreds every month away into Building Society accounts and then living a relatively humble lifestyle and telling myself I couldn't afford this or that that I would have really liked and actually could afford and had worked for.

In addition to my habitual saving over a 30 year period I was fortunate to have 2 modest inheritances from family which of course because of how I was brought up, I also stuffed into building society accounts and never spent or enjoyed in the way I am sure my deceased family members would have wished me to. 

I spoke to my father about it once when he was quite old and he admitted to me that the way he was and the way he instilled me to be was probably because he grew up as a child in war time and it was all about ration books and it affected his way of thinking and he had this thing about living frugally and saving money and you never know what the next disaster will be around the corner. 

I suppose the positive from all of that is that I was able to retire a little early even though my pensions weren't quite due because I had so much money in banks that I couldn't really see the point of working anymore. Another factor is that unfortunately I don't have any children and I also am an only child so I don't have any nieces or nephews so when I go everything will be going to charity. 

So what I have done is put some of my money in high interest places like ______ and I used that to live off so even though I am still not eating into my capital. I guess it's very hard to change the way you. Hey ho. 

I say to everyone today don't be reckless but enjoy yourself in life because you never know how long you have got on the planet and you never know if you will have a tomorrow."

 

Wise advice.

[Cornishfarmer]

I suppose the positive from all of that is that I was able to retire a little early even though my pensions weren't quite due because I had so much money in banks that I couldn't really see the point of working anymore. Another factor is that unfortunately I don't have any children and I also am an only child so I don't have any nieces or nephews so when I go everything will be going to charity. 

 

this is the bit that worries me.      what is the point saving for retirement then saving for a later date, if that was me with no family id blow it. have fun and enjoy life.       living like a pauper and end up giving all to charity isnt living 

[Roy]

Exactly CF. This poor chap has lost his way.

Saving all that money to give it to charity, or worse, the tax man 

[Scuzzle]

Why give it to charity, spend the lot and and do a deal with the bank to sell them your house when you die and give you some money up fron now for it, then blow the lot on holidays and £1000 a night escorts.

[Kman]

I always say it's better to look to make money than save money

^ That way savings become inevitable without a conscious effort 

 

 

 

[Guest]

Why give it to charity, spend the lot and and do a deal with the bank to sell them your house when you die and give you some money up fron now for it, then blow the lot on holidays and £1000 a night escorts.

I can never understand why anyone would spend £1000 a night. I would suggest £120 budget for the escort leaving £880 enough to buy a semi Numi gold 1/2 and a 1/4 or sov if you are lucky. When the passion does down you will still have the gold.

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[Cornishfarmer]

2 minutes ago, Numistacker said:

I can never understand why anyone would spend £1000 a night. I would suggest £120 budget for the escort leaving £880 enough to buy a semi Numi gold 1/2 and a 1/4 or sov if you are lucky. When the passion does down you will still have the gold.

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What kind of escort chan you get for £120.     Will be full of rust and need a new gear box...... I'd spend £500 with a years mot and be done with it...... Or am I missing something!!!!

[Scuzzle]

Just now, Numistacker said:

I can never understand why anyone would spend £1000 a night. I would suggest £120 budget for the escort leaving £880 enough to buy a semi Numi gold 1/2 and a 1/4 or sov if you are lucky. When the passion does down you will still have the gold.

Sent from my iPhone using Tapatalk

I had this down as a "why save all your days and live a meagre existance if you have nobody to leave your wealth to" thread, I can think of nothing worse than scrimping and saving all your days to put aside PM's  just to die and have some random that got your house in an auction find your horde in a decades time.  Completely different if you have family you are happy to leave everything to or you earn enough to buy PM's and have a comfortable lifestyle.

[Guest]

I can never understand why anyone would spend £1000 a night. I would suggest £120 budget for the escort leaving £880 enough to buy a semi Numi gold 1/2 and a 1/4 or sov if you are lucky. When the passion does down you will still have the gold.

Sent from my iPhone using Tapatalk

What kind of escort chan you get for £120.     Will be full of rust and need a new gear box...... I'd spend £500 with a years mot and be done with it...... Or am I missing something!!!!

I can look out for an old white xr3 with furry dice..

Sent from my iPhone using Tapatalk

I can never understand why anyone would spend £1000 a night. I would suggest £120 budget for the escort leaving £880 enough to buy a semi Numi gold 1/2 and a 1/4 or sov if you are lucky. When the passion does down you will still have the gold.

Sent from my iPhone using Tapatalk

I had this down as a "why save all your days and live a meagre existance if you have nobody to leave your wealth to" thread, I can think of nothing worse than scrimping and saving all your days to put aside PM's  just to die and have some random that got your house in an auction find your horde in a decades time.  Completely different if you have family you are happy to leave everything to or you earn enough to buy PM's and have a comfortable lifestyle.

I think my post was suggesting a responsible balance between entertainment and enjoyment and prudence.

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[TheGoldSovereign]

5 minutes ago, Cornishfarmer said:

What kind of escort chan you get for £120.     Will be full of rust and need a new gear box...... I'd spend £500 with a years mot and be done with it...... Or am I missing something!!!!

Just great :D.

I also worry about the quality of numi's escorts

[SilverPirate]

I would think it's time to do a bucket list.Feel free to add to the list.

1. Ride a shire horse.

2. Fire a gun.

over to you.  

[Scuzzle]

1. Ride a shire horse.

2. Fire a gun.

2. Try out a £1000 a night escort.

[SilverPirate]

46 minutes ago, Scuzzle said:

1. Ride a shire horse.

2. Fire a gun.

2. Try out a £1000 a night escort.

If i tried the £1000 escort the wife would fire the gun and the horse would be the get away vehicle.

[Kamikaze]

59 minutes ago, Numistacker said:

I can look out for an old white xr3 with furry dice..

 

If you find a young white Ukranian XR3 with no dice send her my way.

 

[SilverPirate]

6 minutes ago, Kamikaze said:

 

If you find a young white Ukranian XR3 with no dice send her my way.

 

You can get cream for your dice if they go furry now.

[Kamikaze]

1 minute ago, SilverPirate said:

You can get cream for your dice if they go furry now.

 

I just assumed that an XR3 with furry dice dangling down has probably spent some time in Thailand before it got to me.

 

[sovereignsteve]

buy loads of very expensive sovereigns and flaunt them on this forum. it would make me green anyway.

but seriously, take some time to think about spending a good proportion of your money on things that you enjoy or might enjoy. money in the bank is no good these days anyway.

 

[SilverPirate]

I think it just boils down to moderation and everything in proportion, spend a bit, save a bit.On the PM's side of saving i just plain and simple enjoy it, so thats fun for me, i took the family for a picnic at Windsor great park the weekend and played some cricket and footy,popped a bollock but i loved it. Original post all work and no play correct got to play, otherwise whats the point.

Edit no £1000 escorts were hurt in the making of this post.

[Guest]

I think it just boils down to moderation and everything in proportion, spend a bit, save a bit.On the PM's side of saving i just plain and simple enjoy it, so thats fun for me, i took the family for a picnic at Windsor great park the weekend and played some cricket and footy,popped a bollock but i loved it. Original post all work and no play correct got to play, otherwise whats the point.

Edit no £1000 escorts were hurt in the making of this post.

It's extra if they get hurt !

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[sovereignsteve]

Methinks there speaks a man with experience of these things

1 hour ago, SilverPirate said:

popped a bollock but i loved it.

popped a bollock?

[SilverPirate]

1 hour ago, sovereignsteve said:

Methinks there speaks a man with experience of these things

popped a bollock?

Over streached and pulled an old groin injury.

[Oldun]

If you do give to charity, for goodness sake check to make sure it is not one that pays itself ridiculous salaries. They are many and a complete fraud imho. The Salvation Army or Doctors without borders or one of your own choices of course but for goodness sake, research the top execs etc salaries first otherwise you really would have saved hard for nothing.

Why not continue your good habits by having fun on the things in life you have but then also adding 5-10% to the amount you spend?

E.g. £1000 on a ahem little racer and add £50-100 quid to a charity pot.

Good luck. Your dad taught you well. He came through a tough war and some difficult decades.

[Roy]

Oops, some confusion.

This was a post I copied from another forum. It is not me.

But I can understand his frustration.

 

[sovereignsteve]

59 minutes ago, Roy said:

Oops, some confusion.

This was a post I copied from another forum. It is not me.

But I can understand his frustration.

 

I was probably using your name in the title that caused the confusion.