#11. Posted:
Status: Offline
Joined: Aug 19, 201014Year Member
Posts: 5,243
Reputation Power: 532
Status: Offline
Joined: Aug 19, 201014Year Member
Posts: 5,243
Reputation Power: 532
Age
26 Country UK Qualifications BSc Software Engineering Source(s) of Income Full-time employment Current Position Software Engineer (Approx. salary of £40,000) Net Asset Value £20,000+ cash, £8,000+ vehicles Net Debt Value ~£65,000 student loans, ~£5,000 personal loan A Main Reason Relating to your Wealth Solely through my employment and saving a portion of my income. A Main Reason Relating to your Debts Student loans were to obtain my degree. With how the repayment system works in the UK, I am currently paying off less than the total amount is accruing from interest. After 30 years it gets wiped so I don't really consider it a debt I care to be paying off, just a small amount being deducted from my pay each month. If I continue at my current salary I will only pay off ~£25,000 of the ~£65,000 ignoring any additional interest. The ~£5,000 personal loan was done to further improve my credit score. I purchased a new motorbike and it worked out better for me to get a personal loan for a large portion of the value of the motorbike than just paying for it outright. In response to Adam saying how people manage their money, in essence I live "paycheck to paycheck" where, once I have been paid, any money I had left over from the previous month gets transferred into my savings account. I also have a Help to Buy ISA which I pay in £200 monthly regardless. The reason I do this is because, in general, you don't need every penny of your income to live your normal life. If one month I only pay in my £200 to my ISA and not a single other penny saved then that's fine. Some months I have no money left through other purchases, some months I have £500+ spare because I've done nothing with it. I find it is the most proactive way to save without penny pinching and still being able to "live my life". |
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#12. Posted:
Status: Offline
Joined: Nov 24, 201112Year Member
Posts: 13,712
Reputation Power: 40360
Motto: The owner of The Tech Game and I share joint custody of a cat named Sophie.
Motto: The owner of The Tech Game and I share joint custody of a cat named Sophie.
Status: Offline
Joined: Nov 24, 201112Year Member
Posts: 13,712
Reputation Power: 40360
Motto: The owner of The Tech Game and I share joint custody of a cat named Sophie.
Scizor pays me $16,500 every two weeks to play halo 3 |
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#13. Posted:
Status: Offline
Joined: Jul 11, 201113Year Member
Posts: 3,071
Reputation Power: 10803
Status: Offline
Joined: Jul 11, 201113Year Member
Posts: 3,071
Reputation Power: 10803
Age: 24
Country: US Qualifications: Just a Diploma, some years in retail and 4 years in commission base sales. Source(s) of Income: Just from my employer Current Position: Direct Sales Rep, I'm one of the first people service members see when they arrive on base, I mainly help them setup their utility service but 80% of my day is absolutely nothing, the rest is either emails, Zoom meetings, setting up events to drive business and market myself as much as possible. Net Asset Value: BWHAHAHAHAHAH Net Debt Value: I'm in the negatives A Main Reason Relating to your Wealth: I occurred a decent amount of debt that wasn't necessary other than life experiences, somehow I have a high credit score but that doesn't mean much to someone already in debt A Main Reason Relating to your Debts: Credit cards that were spent on things where I didn't have the actual cash to pay it back within 3-4 months, my car was the biggest debt I occurred along with the repairs to it when I should've just totaled it. That's one of my financial regrets that'll haunt me over the next few years I'll come back to this post when my grip on my income is tremendously better, I'm not a fan of living this way. |
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#14. Posted:
Status: Offline
Joined: Jul 28, 201212Year Member
Posts: 6,305
Reputation Power: 30104
Motto: existence is futile
Motto: existence is futile
Status: Offline
Joined: Jul 28, 201212Year Member
Posts: 6,305
Reputation Power: 30104
Motto: existence is futile
r00t wrote Age: Under 30 Main reason relating to your debts: "stupid cat I picked up in Detroit" |
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#15. Posted:
Status: Offline
Joined: Aug 05, 201311Year Member
Posts: 4,162
Reputation Power: 30469
Motto: Live Your Life How You Want To Live It
Motto: Live Your Life How You Want To Live It
Status: Offline
Joined: Aug 05, 201311Year Member
Posts: 4,162
Reputation Power: 30469
Motto: Live Your Life How You Want To Live It
Im Too Lazy To Type lol So Gonna Keep It Simple
But let's just say I found a penny in my couch and got excited Im rich now Get On My Level Pansies |
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#16. Posted:
Status: Offline
Joined: Jan 13, 201311Year Member
Posts: 541
Reputation Power: 28
Age: 23
Country: US Qualifications: Bachelor's Degree in Computer Science Source(s) of Income: investments (Stocks + Crypto mining), Full-time work Current Position: Software Engineer Net Asset Value: $8,900 Net Debt Value: £14,000 (for now as long as I can avoid buying one of those new sexy M3s) A Main Reason Relating to your Wealth: Salary life baby. A Main Reason Relating to your Debts: University. |
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