The 5 year plan to £50k

FinglisHobbit · 17 Sep 2014 at 10:50

You need to find some kind of self help books because if you aren't autistic then you need to get a grip on your embarrassing mental attitude and situation because even though people say "what is normal?", your life is certainly not ANY kind of normal.

You have absolutely nothing to lose. You have no relationship, no house and no children to worry about. You need to face up to the reality that all you are doing now is waiting to grow oold and for your parents to die so you can inherit a house without actually ever having to do anything productive.

FoxEye · 17 Sep 2014 at 11:03

@FH. Yeah and the first step to some kind of normality will be to move out. I was reluctant to consider that for a while, but it's on the cards now. It won't be easy for me, but I can't stay at home.

FinglisHobbit · 17 Sep 2014 at 11:12

FoxEye said:
@FH. Yeah and the first step to some kind of normality will be to move out. I was reluctant to consider that for a while, but it's on the cards now. It won't be easy for me, but I can't stay at home.

If I remember correctly you earn about 27k. (more than I do) That gives you about £1700 a month after taxes etc.

Your current lifestyle without socialising, a girlfriend, dependents or real outgoings means you *should* have some money in your bank.

Go on Rightmove today. Find some flats/houses a relatively short distance away so its not too much of a shock, then view some and stick a deposit down on one. Then you have a minimum 6 month contract to stay there.

You have no excuse really.

Judgeneo · 17 Sep 2014 at 11:13

FinglisHobbit said:
If I remember correctly you earn about 27k. (more than I do) That gives you about £1700 a month after taxes etc.

Your current lifestyle without socialising, a girlfriend, dependents or real outgoings means you *should* have some money in your bank.

Go on Rightmove today. Find some flats/houses a relatively short distance away so its not too much of a shock, then view some and stick a deposit down on one. Then you have a minimum 6 month contract to stay there.

You have no excuse really.

Aye

FinglisHobbit · 17 Sep 2014 at 11:17

Think how much your confidence would get a boost if you could come back into this thread and say "look guys, Ive made my first grown up steps and Im now renting this place *Pics*, why have I been such a fool all my life!"

FoxEye · 17 Sep 2014 at 11:23

@FH Rushing things is likely to not only make me financially worse off but also not be achieving any of my stated goals. For instance, a rented property around here will 99% be "no pets allowed". I would succeed only in paying 3x more rent, and possibly having to buy a car to get to work. Not only that but I'd be trapped in Cornwall, which has one of the highest costs of living in the UK, with one of the lowest incomes. You know it's not that unusual to live at home to 25-30 down here? There is a reason why.

Moving to Devon or further afield makes more sense.

I'm not looking to "get out now" if it puts me into a worse position, regardless of how shameful people think my current setup is.

Jez · 17 Sep 2014 at 11:26

Ignoring the other arguments in this thread, how on earth does Devon have a high cost of living? Property is far cheaper down there than it is in most of the home counties, which is the main cost of living. :confused:

Gilly · 17 Sep 2014 at 11:27

Jez said:
Ignoring the other arguments in this thread, how on earth does Devon have a high cost of living? Property is far cheaper down there than it is in most of the home counties, which is the main cost of living.

Wasn't he saying that moving to Devon would be better because it's a lower cost of living than Cornwall?

FinglisHobbit · 17 Sep 2014 at 11:28

Meh I give up. Complete waste of time even giving you any input.

You are doing nothing to better your position. Youre simply making crap excuses. If you rent a house around the corner you wont need a car any more than you do now. The highest costs of living eh? Your parents must be minted. Having a leech living in their basement sapping the very last bit of life they have.

Unbelievable. Your attitude is completely utterly pathetic. Its not a personal insult. Its a fact.

Moving to Devon makes more sense does it? , oh yeah.. *Lets take a guy whos never left the house and when he finally decides to do so... with his VERY limited social skills, we will move him to a place completely foreign to him. This will work out perfectly*.....

Dude seriously... Take a look at yourself and the stuff you write here. Its so negative its unreal. The only thing you have passion about is the idea of a cat.

FoxEye · 17 Sep 2014 at 11:29

Jez said:
Ignoring the other arguments in this thread, how on earth does Devon have a high cost of living? Property is far cheaper down there than it is in most of the home counties, which is the main cost of living.

That's where I think I should be looking. Devon.

If housing is just as cheap as the fabled Up North, then so much the better. Doesn't mean I'm ruling out Up North, it could be a great place to live.

Cornwall is the place with insane cost of living - which is where I live now

Jez · 17 Sep 2014 at 11:29

Gilly said:
Wasn't he saying that moving to Devon would be better because it's a lower cost of living than Cornwall?

Oh yes, comparatively though i cannot imagine how either of those counties could have a cost of living as one of the highest? Just look at how cheap property is down there :confused:

Jez · 17 Sep 2014 at 11:30

FoxEye said:
.

Cornwall is the place with insane cost of living - which is where I live now

This is the part which i dont understand, property in Cornwall generally seems very cheap in comparison to property in the home counties for example. I realise that there are hotspots as there are anywhere, but these aside... :confused:

Gilly · 17 Sep 2014 at 11:31

FoxEye said:
That's where I think I should be looking. Devon.

If housing is just as cheap as the fabled Up North, then so much the better. Doesn't mean I'm ruling out Up North, it could be a great place to live.

Cornwall is the place with insane cost of living - which is where I live now

The North is the best place to live, FACT

As long as you're on the right side of the hills that is.

Jez said:
Oh yes, comparatively though i cannot imagine how either of those counties could have a cost of living as one of the highest? Just look at how cheap property is down there

I imagine it depends on which bit of Cornwall. I know my in-laws almost bought a 2 bed summer home down there for less than £50K, but it did have limitations in occupancy.

MisChief · 17 Sep 2014 at 11:32

FoxEye - have you seen the Secret Life of Walter Mitty? If not, you should. I thought it was a pretty inspiring film

if a task looks massive and overwhelming I avoid it

Break it down into small steps. Research on moving out and new job separately. Once you have a better understanding of both then you can start linking the two together. You shouldn't let a job dictate where you should live, but at the same time don't let your location restrict where you should find a job. Do you drive? Are you willing to commute?

Jobs - first of all, have you updated your CV? Sign up to linkedin - update your profile as if it's a CV and really sell yourself on there. Sell yourself well and you will get headhunted. Job sites - the ones I've been on are reed, indeed and totaljobs. Sign yourself up to recruitment agencies. Try and build relationships (no, not lovey dovey ones) with recruitment consultants. Having contacts and good relationship with people really does get you places.

Houses - do all your research on how much you can borrow and cost of living before you even start to look at properties. No point finding a place you really like, only to find out that you can't get the mortgage for it. Go see a mortgage advisor - it is a free service up to the point of submitting a mortgage application. They will tell you how much you can borrow and a good indication of the fees/cost involved in buying a house. There are also plenty of online tools out there to help you work this out.

Btw - I think I read somewhere that you need to have been in a permanent job for at least 6 months before you can get a mortgage. So finding a new job and buying a house at the same time won't be such a great idea unless you buy a house/get a mortgage before changing jobs.

Jez · 17 Sep 2014 at 11:33

Gilly said:
The North is the best place to live, FACT

As long as you're on the right side of the hills that is.

I imagine it depends on which bit of Cornwall. I know my in-laws almost bought a 2 bed summer home down there for less than £50K, but it did have limitations in occupancy.

Oh absolutely agreed, generally however property is not expensive on average in Cornwall in comparison to other southern counties (especially the south east). That £50k example just goes to show that, you would barely get a garage in my village for £50k.

Re the north FACT

D), i am not against it at all (beautiful place), but its no more beautiful than Oxfordshire for example, which is commutable to London, which is where all the salaries are unfortunately. Thats what keeps me firmly anchored in the south. (Plus i am a tory southern fairy, people in the north would bully me

).

cheesyboy · 17 Sep 2014 at 11:35

Some people are just happier to stay living with their parents forever. It seems weird (and it is in the sense that most people really don't want to be doing that), but people should do whatever makes them happy.

The problem for OP is that he asserts that moving out and getting a cat is what he wants in life. But then builds so many conditions and problems into that process that it never happens. I suspect that OP just wants to sate his desire for a feline, and the moving out bit is just an enabler for that, rather than what he actually wants from life.

OP: if your life's ambition is to get a cat, then get a cat. If the only way you can do that is to move out, then you need to suck up the costs and do it. That's what everyone else does when they want to move out and start a family: I'm poor as **** since I had kids and moved out of the city into a bigger house in the sticks to raise them in, but that's a sacrifice I've been willing to make because I wanted a family.

If, ultimately, your main route to happiness is to stay living with your parents, then make that decision and own it. Don't pretend, to yourself more than us, that you're not moving out for all these other ******** reasons. You're staying put because that's what you want.

FoxEye · 17 Sep 2014 at 11:38

FinglisHobbit said:
Meh I give up. Complete waste of time even giving you any input.

You are doing nothing to better your position. Youre simply making crap excuses. If you rent a house around the corner you wont need a car any more than you do now. The highest costs of living eh? Your parents must be minted. Having a leech living in their basement sapping the very last bit of life they have.

Unbelievable. Your attitude is completely utterly pathetic. Its not a personal insult. Its a fact.

Moving to Devon makes more sense does it? , oh yeah.. *Lets take a guy whos never left the house and when he finally decides to do so... with his VERY limited social skills, we will move him to a place completely foreign to him. This will work out perfectly*.....

Dude seriously... Take a look at yourself and the stuff you write here. Its so negative its unreal. The only thing you have passion about is the idea of a cat.

There are good reason for wanting to get out of Cornwall. You'd understand if you were trying to live down here on a single wage.

There are no jobs most of the time. I lucked out to get this one, and it's temporary.

Rent and house prices are extremely inflated due to the prevalence of 2nd homes. I think Cornwall is quite unique among the counties. You know it relies on EU funding as it is among the most deprived regions in the UK? On par with places in North Wales.

Seriously, Cornwall is a good place to holiday but a miserable place for most people who grew up here, when they start working. It's no coincidence that most people leave and then come back to retire.

Sorry if it seems like I'm ignoring your advice.

Threepwood · 17 Sep 2014 at 11:41

Hello again

If your parent want you to stay and you want to stay - stay. Win win, it makes saving easier.

Take it easy, carry on saving, by the time you are 40 you have a lump sum. You can do what you like then, however you feel when you get there.

Jez · 17 Sep 2014 at 11:42

Re the £50k thing, you make this sound like a target which will take years and planning to get to. If this is your agenda then just move up to the Thames valley or a city commuter belt. Easy pickings for an IT contractor. You will be doing poorly if you didn't bag more than £50k for some sort of support role contract. £50k/annum is only £200/day. Even less in reality without PAYE taxation. You make £50k seem like some sort of mystical figure.

FoxEye · 17 Sep 2014 at 11:42

Jez said:
This is the part which i dont understand, property in Cornwall generally seems very cheap in comparison to property in the home counties for example. I realise that there are hotspots as there are anywhere, but these aside...

Factor in low wages. Very low wages. And a complete lack of jobs you'd find elsewhere. Most jobs are low-paid, seasonal and in the tourist sector. The 2nd biggest employer sector is I think local government.

The cheap (ish) houses are in really, really rough areas. And again, no jobs. I want to reinforce that