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Everything posted by Money Frugality
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UK inflation jumped to 9% highest for 40 years
Money Frugality replied to rollover's topic in House prices and the economy
I’ve said this in posts many times.. Inflation erodes debt on income generating assets but everyone looks at me like I’m retarded. -
What is the state of the country's mental health?
Money Frugality replied to winkie's topic in House prices and the economy
I like this quote. -
What is the state of the country's mental health?
Money Frugality replied to winkie's topic in House prices and the economy
It’s not just older people I can assure you. There are borderline alcoholics around the early 20s too.. The amount of people I’ve had sit and pour their souls out to me how they cry themselves to sleep and drink everyday to escape reality or to forget about trauma is astounding. Usually seemingly nice cheery ones too. Its a cope for life, but alcohol is the initial symptom rather than the cause but there comes a point it shifts to replacing the cause. I enjoy a drink, in the right moment; no celebration or dinner date, no drink. -
What is the state of the country's mental health?
Money Frugality replied to winkie's topic in House prices and the economy
Facts. The worse it gets the more accepting I am of things. I’m just here to make my money and swan off into the sun. Productivity will be anecdotal dependent on the individual. I’m more likely to do extra unpaid work for my personal development with the flexible freedom. Personally wfh for 2.5 years and I live alone too in a some would say large house for 1.. I had someone with me for 6 months wfh during covid and that was awesome.. But being alone in the house post COVID started getting tiresome, demotivating and lonely. Luckily I have the gym and chat to people there on weekdays and I date or see friends and family at the weekend sometimes, usually I do my own thing. Now I’ve elected to go into the office on set days each week even though I’m free to wfh. Even if I sit on my own and don’t talk to anyone. It just feels nicer being around people. -
I’ve been considering Portugal after first holidaying there a few years back.. It’s a lovely place I was always a bit concerned about the quantity of other expats but this is good news. Even more so since a multinational has an office there. I constantly wake up in Britain to grim weather and do wonder how everyone is capable of living their entire existence here with the depressing grey sky.
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Who did you VOTE for today
Money Frugality replied to shlomo's topic in House prices and the economy
I binned my postal without opening it weeks ago.. Can we have libertarianism yet? -
A very fine point indeed, I’m going to use this one
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Most middle class/lower upper kids who attended private school I know are earning peanuts considering their education. Only the well networked upper benefited off private education.
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Find mortgage backed security ETFs and short them via a broker that allows it OR yes you *could* short the banks with mortgage backed loans but all depends on if the MBSs are corporate or retail (this guy is saying both with collapse though) but its down to the 'little' evidence (other than a few non AAA rated debt in these funds) being full of non AAA rated debt. Shorts are up 4x though on MBSs though. Also bearing in mind though corporates don't have the same leverage rates ie 80% as retail. He presents a convincing argument (im not convinced) but it’s above my knowledge to disagree. Just an overview understanding.. But I guess that's exactly what everyone said in 2008.
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How do millennials buy a house?
Money Frugality replied to Mikhail Liebenstein's topic in House prices and the economy
Another fine example of a millennial who did things right and isn't complaining due to it. Take notice folks, the ones not actually complaining are the ones who were frugal (PRIORITISED). I still bum a Netflix password.. 😅 -
How do millennials buy a house?
Money Frugality replied to Mikhail Liebenstein's topic in House prices and the economy
NHS and state problem, privatise it if you want more pay. Productivity > value > wage. Times have changed, chose a different career that pay more. Less things to spend you're money on.. This anecdote is irrelevant -
How do millennials buy a house?
Money Frugality replied to Mikhail Liebenstein's topic in House prices and the economy
Home ownership of your parents will distinguish the haves and have nots in millennials. The entitled monsters know this full well.. I hope they live till they’re 90, that puts the kids at roughly 60. That’s what they get for putting off growing the fk up.