Really struggling

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slylittlefox said:
Why do people lie on the internet? Honestly, it seems so stupid and futile.

I mean, yes, I might own a £3M house, a fleet of sports cars, and holidays all over the world - but do I see the need to come on here and pretend to be poor? No siree.
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That's because you are poor. Ooh, £3m house is it? Fail. Work harder you tramp.
 
So your a project manager for a building firm and you earn £153000 a year?

I would start planning for your redundancy tbh. That's obviously ignoring what a ridiculous sham this thread is.
 
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I think if you cut back on Polo, Clay Pigeon Shooting, Hunting, Croquet and Caviar you might just make it through this year.
 
Here, I'll even offer to help you:

Why don't you rent me one of these rooms you have spare (with 3 houses, thats what 9 rooms or so?) and you'll get another £400 a month tax free. *sigh*
 
Whats funny is, people assume that the ones struggling with debts these day are low-medium earners. That is simply not the case.

I know know loads more average-high earners who are having money problems - simple fact.


Debt and money problems affect all types of incomes. Whether you earn £8,000 a year , £20,000 or £100,000 a year. And believe you me, if you are one of the guys that earn above the £30,000 mark and have a debt collector at your door looking for thousands upon thousands (compared to someone who only owes a few grand) - who do you think they are going to target first ?

Do you have any investments ? Houses ? Possesions that you no longer need ?
 
divosuk said:
Whats funny is, people assume that the ones struggling with debts these day are low-medium earners. That is simply not the case.
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That is because the high earners have issues and must own 100 cars and 100 houses and then bitch about having no pay lots of money for them.
 
sidthesexist said:
2 how will she be able to work as a vet if she cant work with people?

:confused:
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This was one of the first things I noticed, if you are going to be a vet then you've unfortunately got to deal with people. Maybe she'd be better in a regulated environment that she can control (to a degree) but there is no guarantee of that.

I don't know how to sort out the financial situation other than looking carefully at what is actually vital expenditure and what could be pared back. It isn't that hard to get into a situation where your outgoings exceed your income, irrespective of what you earn but if you notice it early enough then you can at least take some remedial action before it becomes terminal.
 
Whats funny is, people assume that the ones struggling with debts these day are low-medium earners. That is simply not the case.

I know know loads more average-high earners who are having money problems - simple fact.
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while the high earners will have assets they could get rid of and things they could easily cut back on the low earners really do struggle often having no means of cutting back anymore than they already have.

i wonder who loses the most sleep the guy wondering how hes going to afford to eat while keeping a roof over his head or the guy worrying about his second home or his weekend sports car
 
regulus said:
I have more to lose than others. I took on two holiday homes and a house here. Wasn't expensive at the time, it's starting to become so now.
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My wife and I had three mortgages last year; one residential property (in the UK) and two investment properties (in Australia). We reached the point at which one of the investment properties was not economically viable, so we sold it. Our profit was small (only about $20k after capital gains tax) but with one extra property gone we found that we had a lot of extra spare cash every month.

If you have several investment properties that aren't really paying for themselves, it's time to bite the bullet and get rid of one... or two. Sure, you might not make a profit - but you'll free up some disposable income, and that sounds like what you need most right now.

Understand this, the houses CANNOT go. This is out retirement plan/extra income for the future.
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What, no pension plan? That's a bit odd. My wife and I were also planning to use our investment properties as a retirement plan, but life isn't always that simple; however, once we've sold our UK property and moved to Australia (where our remaining investment property will become our family home) our mortgage will be laughably small, so we'll have plenty of time to build up some retirement funds.

I see from other posts in this thread that you're 28 years old with an £8k monthly joint income. That doesn't sound like someone who's struggling. And how the hell do you make that much money between two people, anyway? I'm an account manager and my wife is head of department at a drama academy, but our joint income is nowhere near £8k per month.
 
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I seem to remember from a previous thread you and your partner have a combined takehome pay of ~£7k/month, and own multiple properties, including some abroad. You were complaining about your partner wanting you to heavily overpay the mortgage IIRC

If you are finding things tough, you can probably claw back some of your overpayments. Look into your mortgage contracts.
 
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