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europbaron

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About europbaron

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  1. Yes, thanks. It wasn't a response to you, but rather to the naysayers in defiance of figures showing what can be achieved. The figures I put forward are not the figures that apply to me. My FI target is lower. VMR makes some very good points above and if I had my time again (but with my current knowledge) I would follow more of them. I personally don't think living in a 1 bed flat, when that is all you need, to be exceptional. Children are a personal choice and in most cases are supported by a family unit comprising two adults. The figures for a single average wage earner do not apply. In th
  2. OK I'll have a go. Current average wage = £27500. As we're not allowed to increase our salary throughout our working career I'll base my figures on earning £27500 every year. Rent for 1 bed flat £500 Groceries £250 Household bills £180 Leisure/clothing etc £150 Total £12960 a year. That leaves you ~£9000 of your take home per year to save. Don't forget your employer is also obliged to tuck away at least 2% of your salary in a pension for you. Stick half of your £9k in an ISA and half in a pension (getting a 25% boost), assume a 4% real overall return and after 24 years you can expect to
  3. I'm another pursuing FIRE with a normal salary. I manage to put away nearly 60% of my gross income (if you include employer pension contributions and student loan repayment). I am still 6 to 8 years away from FI, but have a serious FU buffer even if I don't make it. Perhaps the biggest benefit though is the "I'll be ok" attitude obtained through the process. Advantages: Good academic qualifications. Very low housing costs and many other living costs shared. No dependents. Above average salary (although a long way away from higher rate tax). Disadvantages: Commuting costs of nearly £5k p
  4. I'm meant to be working from home today so I took advantage of being able to miss the rush times and have just voted. I don't know if it's any indication of how the vote will go, but the polling station was relatively quiet. Three pensioners were dropped off from a car showing several No stickers. The driver then drove off - perhaps to get more? In the car park there was a Bently, an X6 and a Porsche SUV thingy. Who knows what that indicates other than people spend too much money on status symbols. I walked! At the door were two No canvassers. Over the last couple of weeks, the people I've m
  5. Is that not the case anyway? I thought you got 6 months of contribution based benefits (regardless of your financial circumstances), then moved on to standard JSA. It certainly used to be the case (mid - late 2000's).
  6. Similar story here. Sold 3 bed semi in Jan 2005 for £190k (agent thought we should have pushed for more). Sales since on same street have been Mar 2007 6 bed semi £180k, Aug 2007 3 bed semi £190k, Jun 2008 8 bed (!) semi £206.5k, Apr 2012 3 bed semi £147k. I think I got out pretty near the top.
  7. He's right only if the education increases your earnings by more than the sum of the additional "tax" you will pay and the lost earning opportunity for 3-4 years while you study. Today that is not no-win, no fee.
  8. That looks to be based on unrealistic salaries for most. Does a 21 year old researcher really earn over £31.5k? I thought that most research jobs required a PhD anyway, and I doubt there are many 21 year olds with doctorates. An overall average wage for 35 year olds of £41k? Really?
  9. It won't be though. With mp3s, ebooks etc, you can get exactly the same product that you have the option of paying to download legally. All it costs is the price of your internet connection and the energy required to run the PC/network. With a 3D printer you have to pay for the printing materials as well, which may well cost more than an OEM part through more conventional retail channels. Surely costs will drop, but until they do 3d printing looks to be more suitable for the hobbyist, or for small businesses making prototypes or very short runs. How many people made their own books from downl
  10. Nice vent but I disagree. Electrical engineering is an application of maths. It is not maths. Unfortunately many come out of good universities with good degrees unable to design or implement even the simplest circuits. Sure they can do the maths, but only when the problem is phrased in the same terms as the exam paper set the previous year. Designing and building circuits is an area that can really only be assessed by addressing real world problems. I found laboratory classes generally to be pretty useless in this respect. Do the experiment as told and ask the demonstrator what to do with the
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