Britain

[Anonymous No.57026948]

How to win financially here?
>No uprooting your life and moving halfway round the world
>No "just get a better job bro"

[Anonymous No.57026956]

Thank God I'm an American.
>mortgage and utilities only 20% of my net income
>96% white town
>if someone pulled a knife on me I'd just shoot them and not go to jail

[Anonymous No.57027066]

>>57026956
Are those the only positives you can think of? I don’t blame you Amerifart.

[Anonymous No.57027117]

>>57026948
What is financially making it to you?
Age?
Current job/salary?
Student loan debt?
Do you own a house?
Do you want a family?

My idea of making it is 0 debt to anybody before 40, retiring at 55. But to do that it will be different to "I want a mansion, 6 ferraris" etc etc.

[Anonymous No.57027155]

>>57027117
I just want a house in the countryside with enough land to grow some veg.

Terrified of every making it, then have a deanoverse estate popping up right next to me.

[Anonymous No.57027160]

>>57026948
Honestly, there's worse places. Don't rely on a salary to achieve any kind of financial independence unless you're a top earner. Salaries are mediocre for most norman jobs. Don't vote Tory. Put as much in your stocks and shares ISA as you possibly can before they nerf the allowance. Same for your pension, get that tax money back.

[Anonymous No.57027190]

>>57026948
Open a kebab shop.

[Anonymous No.57027242]

>>57026948
There's no way to do it.

>Job market is ass, almost impossible to get a grad job
>Leaves you stuck working minimum wage
>Student debt is just accumulating for your degree worth nothing because everyone and their mother has a degree
>Whole time you're getting paid you're getting raped by taxes
>Taxes don't even pay for anything worthwhile NHS has you waiting 4 hours just for them to send you home
>Impossible to buy so have to rent for 1550 a month just to live next to a council estate
>Work a shit tier job until you retire at 70 with £10000 in savings because you have nothing left over to save from your wagie job
>Die

Rinse and repeat

[Anonymous No.57027287]

>>57027155
Unironically
>>57027160
Is right. The only addition to this is let's say you arent making 20k a year savings (1.66k per month) to cap out you S&S isa limit, I would recommend putting 4k a year into a LISA to get a free 1k towards a house each year. Also, try not to use a robo-investor, use vanguard or something for your ISA. The cost of robo-investors compounding over the years adds up. However if you prefer a hands off approach, I have used Nutmeg in the past and it was great. Just put it on max risk and leave it.

And DO NOT max out all your expenditure into a mortgage. Live below your means and have disposable to invest. Don't get sucked in to more and more shit. Depending on your income/attitude to risk, start off as Boglehead (yeah yeah boomer whatever) and develop an investment strategy over time.

1. Make an emergency fund
2. Pay down outstanding debt
3. If you don't own a place, max LISA limit
4. Start eating into remaining 16k S&S isa limit (preferably Vanguard etc)
5. Once comfortable, branch into more specific asset class ETFs, maybe some single stocks etc. But give yourself hard limits and define risk management
6. Leave below your means
7. Never finance anything

It has worked for me. I haven't made it made it, but I have a house which will be paid off in a couple of years (I'm 30), 0 debt (not even student loan), and I'm well on the way. Its a marathon not a sprint unless you get lucky.
The key is to define your goals and make decisions that oush you closer to them.

[Anonymous No.57027361]

>>57027287
Sounds like you've got a good head on your shoulders, presumably you work in tech?

[Anonymous No.57027373]

>>57027066
Blow it out your ass Euro trash.

[Anonymous No.57027380]

Max out my ISA annually and invest in something which I won't tell, eventually get to £1 million in my ISA. Convert into S&P500 to get annualised 5% returns netting me 50k a year tax free and living off that.

[Anonymous No.57027425]

>>57027287
good job anon

[Anonymous No.57027468]

>>57026948
Find some place cheap to live in Dorset (yes, this is tricky) and develop a skill that boomers will pay for. Free ticket to heaven.

[Anonymous No.57027524]

>>57027361
Yes I do (SRE). It isnt a humble job and I don't love it. But it pays well enough to help fund the things I enjoy doing so I'm willing to bite the bullet until I can get out.
Also, thanks. One thing that helped me was writing an IPS (a good example is on the Boglehead wiki, it's usually on the /smg/). Writing your goals helps you to not gamble in the market as much. I printed it off and have it next to my desk. Seems a little lame, but it has got me out of more than 1 sticky situation (FOMO can seriously kill all your progress).
Good luck out there bro. You have humble goals and they are actually achievable. You just need to put the processes in place to help you get there.

[Anonymous No.57027525]

>>57027287
>start off as Boglehead
>I haven't made it
>I have a house which will be paid off in a couple of years
>Its a marathon not a sprint
Oof. In 2025, I want you to look back to today and see where you'd be if you'd gone all in on crypto.

[Anonymous No.57027567]

>>57027287
>Never finance anything
leverage is a good tool to use in specific circumstances

leaving it off the table entirely is retarded, just don't be a debtmaxxer and you'll be fine

[Anonymous No.57027573]

>>57026948
>2 + 2?
>you CANNOT say 4, you must pick another number
nice thread retard

[Anonymous No.57027574]

>>57027525
I already know that. But you can't predict the future and debt/no emergency fund is very real and in the present. I could have dumped all my money into crypto and lost it all and then I'd have debt, no money, and no house. I now have disposable that I can play with crypto/stocks and also be debt free (minus mortgage), have an emergency fund, and a house.
I'm giving advice to someone who has humble goals and maybe not loads of money.
I havent "made it" yet, but I'm making bank per month in a country that tries to take it all and I'm happy where I am for this point in my life. Next 5/10 is dedicated to making it but with a strong foundation.

[Anonymous No.57027594]

>>57027567
As I said, it was more advice to someone who might not know loads. Of course you are right, but if you don't have a lot, I wouldn't advise leveraging. Especially if you have humble goals like just owning some land you can grow veg and stuff on like OP.

[Anonymous No.57027624]

>>57027594
I agree with your points in general anon, it's not a quick way to build wealth, but it's a sure one and has very little downside risk

I would also add pensions contributions, especially if you fall in to higher rate income tax bands

you working as an SRE for FAANG/big tech?

[Seanonymous No.57027633]

>>57026956
And I'm proud to be an American! Where at least I know I'm free!>>57026948

[Seanonymous No.57027660]

>>57027524
This was a good read

[Anonymous No.57027743]

>>57027573
>2 + 2?
Is 4, minus 1 is 3, quick maffs. Everyday mans on the block, smoke trees.

[Anonymous No.57028775]

>>57026948
I work in IT and live with my parents - it's actually a choice and it helps my family out a lot with the bills. There is no shame in not falling for the rent or mortgage Jew.
One advantage we have in the UK is that USA peak market trading hours are in the evening, so I work during the day and trade crypto in the evening.

[Anonymous No.57028828]

>>57026948
crime

[Anonymous No.57028906]

>>57026948
I'm thinking of pursuing dual citizenship with America and Britain to increase my potential job market but I can hardly imagine living there

[Anonymous No.57029625]

>>57027287
>4. Start eating into remaining 16k S&S isa limit (preferably Vanguard etc)
when i looked into this, there were a ton of options of what to invest in. it feels like gambling and i hate it.

[sage No.57030037]

>1pbtid

[Anonymous No.57030065]

>>57027117
A walled and gated 4 bed detached at the end of a cul de sac in a decent area or village will do me for "making it".

In the meantime, when I run the numbers I cannot afford to pay a rent or mortgage, 1300+ going out of my 2000 a month income I get is simply crippling and not viable. I could live up north in a paki shithole terraced house for like 800 a month but if it comes to that I have lost at life and will just rope.
I need to be able to buy a house outright, or with a good 70%-90% deposit or I'm fucked.

>>57027287
Good to know I'm doing the right thing, I do all that.
My worry about the LISA is I've got 15k(12k+3k bonus) in there now and if I get a house through inheritance (Parents aren't in best health) I'm no longer a first time buyer and that money isn't touchable (without taking the penalty) until I'm 60, when 15k won't mean much of fuck all probably.
My other concern is I take 1 step towards a house then the house takes 2 steps away from me. A poxy 2 bed semi is now common to see around 250k whereas I was looking at them for 200k not that long ago.

>>57030037
what now?

[Anonymous No.57030087]

>>57030065
>what now?
Move, get a better job or start a business that isn't shit.
It's pretty easy to see that those are exhaustive options.

[Anonymous No.57030687]

I am British but have lived in the US for most of my life. Can I go back and get a free council flat like in the olden days or is it only for Pakistanis?

[Anonymous No.57030992]

>>57029625
Then don't stress about it right now and use a robo investor. As I said in another post, Nutmeg is one I have used extensively. Not the cheapest, but gave me good returns and the support is class. I still have my SIPP in there (they migrated all my old workplace pensions hassle free), and if we get the option to choose our provider and not forced down workplace pensions (Jermey Hunt has brought it up), I'd choose there I think.
What you'll realise though is that you can make good gains by just investing in an entire market etf (VTI) , and bond etf in some ratio depending on risk profile (90-10 if you don't mind some risk). Then after that, look at investing in say the S&P 500 and the NASDAQ. But just start with a robo investor until your comfortable.

[Anonymous No.57031501]

How to explain to my GF that getting her own place is a bad idea financially?

She works in hospitality and will be signing away 70% of her monthly on a 1 bedroom flat.

Moving in together is too soon (4 months).

[Anonymous No.57031577]

>>57026948
Don't buy a house, first of all. Mortgages suck even fatter niggerballs in the UK than in most other places. I guess live in a shoebox and become a City of London finance jew, since that is the only profitable industry in the entirety of Britain these days

[Anonymous No.57031609]

>>57026948
Don't pay council tax, council tax is a total scam.
https://twitter.com/2BJDJ/status/1734509568288240052
https://youtu.be/rGm6VrLzScM

[Anonymous No.57031630]

>>57026948
go on government gibs, congrats, you are now winning.

[Anonymous No.57031648]

>>57026948
Gott strafe England

[Anonymous No.57031661]

>>57026956
Hell yeah, brother! USA USA USA

[Anonymous No.57031802]

>>57026948
ITT
>how do I win financially by doing exactly the same things that are keeping me poor?

kys

[Anonymous No.57032477]

>>57030065
Regarding your first comment, there are loads of decent places that are semi cheap. Look around Chester and Chesire. You can get a modest 2 bed terrace for 200k/240k, assume you need 10% for a deposit, you're already close to 24k, then get the longest mortgage possible to shrink your monthly outgoings. Yes if you don't make overpayments, you will pay more in the long run. But instead of spending, invest that extra into stocks and shares and you'll be okay over time. Again, the key is to maximise monthly income for investments and decrease monthly outgoings. Take a 35 year mortgage if you can. On a 30 year you will pay about 1k a month at 4.5%, you can easily live off 400 a month (some spending money, bills food etc), 600 a month into shares and let's say you get a decent 8% a year, that comes out to say 100k over 10 years, plus the money you put into the mortgage (probably another 100k inc. deposit). You could quite easily have a 50% deposit on the place you described (bit of land to grow stuff etc). That's without you making any more money than what you make right now. That's not bad going man. Dont be too hard on yourself.

With the LISA thing...if that was to happen, I'd just take the money out and take the 25% hit probably unless you plan on keep paying in for retirement (which I wouldnt bother If you weren't going to make any more money) and would invest that.
The old adage that the best time to plant a tree was yesterday, the next best time is today plays out here.

But let's say you love getting a few extra quid from shitcoins or other crypto, I'd limit myself so of that 600, let's say 10% (just a random number, that's up to you) I would invest in crypto each month. All the gains I make I can also spend on crypto, but no more than that 10% will go out of my paycheque each month into it. It'll keep you in the game and with some luck get you somewhere quicker and in a safe-ish manner.
But what do I know I'm a random anon.

[Anonymous No.57032866]

>>57026948
kek its literally only GTFO at this point or drown in a sea of nigs, deanos, wigger road men, and fake society. im going to eastern europe to be a hermit and watch it all burn down i suggest you do the same anon

[Anonymous No.57033874]

>>57026948
If you are sub 30 an apprenticeship can be a good way to get your foot into some really good companies. Work hard and they can put you forwards for a HNC or HND the later of which is degree level. All the time you are earning and learning and in a good company already.

[Anonymous No.57034045]

buy $wif

[Anonymous No.57034753]

>>57030992
everyone I know who has used Nutmeg has lost money over the last 5 years, in fact they would have made more money just by hopping around various high interest savings accounts. Literally just google 'reddit nutmeg lost money' and it doesn't matter how long, how high risk, or how much, almost everyone is losing on this shit

[Anonymous No.57034898]

>>57026948
any info on housing market particuarlly outside of london? i want to move to london some point and will be aggressively working towards it via supporting lodgers (google how much they pay), save aggressively and focus on fitness as my past time.

I think in the long term houses outside of london will keep getting higher, while london at least on the 5-10 year period will not grow as fast as other cities.

[Anonymous No.57034918]

>>57031501
excluding mortage costs, on average for utilities for a home, it's about £6 grand a year. if you live together, you're technichally only paying £3 grand. also a flat is risky in the sense that you could get scammed by a dodgy freehold landlord. >>57028906
you'll get taxed massively if you remain in the UK with a US citizenship