Clean It Up
UK Window Cleaning Forum => Window Cleaning Forum => Topic started by: Viscount on December 29, 2021, 06:05:39 pm
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Thinking of returning to window cleaning after over ten years away from it. For very misguided reasons, I sold my round turning over a very decent amount in 2011 to become a teacher.Been nearly broke ever since. After ten years at it, top of the pay grade - I can only go up by becoming a deputy head- I take home about 500 quid less a month than I did in 2011.
What's changed? I was wfp since 2005. Slx poles just came out and I had an l5 gas heater which I never used because it was a pain in the arse.
Any advice for jumping back in?
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Thinking of returning to window cleaning after over ten years away from it. For very misguided reasons, I sold my round turning over a very decent amount in 2011 to become a teacher.Been nearly broke ever since. After ten years at it, top of the pay grade - I can only go up by becoming a deputy head- I take home about 500 quid less a month than I did in 2011.
What's changed? I was wfp since 2005. Slx poles just came out and I had an l5 gas heater which I never used because it was a pain in the arse.
Any advice for jumping back in?
Go for it would be my advice , kit is much better now than back then , unless your area is saturated with cleaners .
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Welcome back my advice don’t work near Croydon
keep doing the school stuff but part time so you have an income until you build the round back up when you earn more on the glass than the school give that up
the business has changed dramatically since you left
cleaners are less friendly In fact the camaraderie has gone lots of start ups and custies are getting harder to please no one has come up to me in the street in years like they used to equipment isn’t cheap any more
But most of all pension and sick pay are valuable benefits to a regular job best of luck but it takes years as you know to build a paying round
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Thanks for the advice. Hadn't really thought of the part time option tbh. And yes, the pension is something to think about, but private pensions are out there. I pay 9.6 percent into the teacher pension, which isn't really cheap. But if you invested 9 percent of your turnover each year, it would become a tidy sum.
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Slx are still the go to poles for most , update your pricing ! Same old really . It’s not a complicated business just need decent customers which as you know probably takes 2-3 years
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Oh and get a univalve
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Welcome back my advice don’t work near Croydon
keep doing the school stuff but part time so you have an income until you build the round back up when you earn more on the glass than the school give that up
the business has changed dramatically since you left
cleaners are less friendly In fact the camaraderie has gone lots of start ups and custies are getting harder to please no one has come up to me in the street in years like they used to equipment isn’t cheap any more
But most of all pension and sick pay are valuable benefits to a regular job best of luck but it takes years as you know to build a paying round
^^ what Tony Oliver says.
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Whereabouts in the country are you?
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Huntingdonshire.
What's a univalve?
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A valve that goes inline on your pole hose near the top. 1 tug turns the water on and off.
You can buy them from exceed innovations , wcw and others
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Sounds better than the gas tap thing I used to use
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Thinking of returning to window cleaning after over ten years away from it. For very misguided reasons, I sold my round turning over a very decent amount in 2011 to become a teacher.Been nearly broke ever since. After ten years at it, top of the pay grade - I can only go up by becoming a deputy head- I take home about 500 quid less a month than I did in 2011.
What's changed? I was wfp since 2005. Slx poles just came out and I had an l5 gas heater which I never used because it was a pain in the arse.
Any advice for jumping back in?
6k a year less than 10 years ago is quite a considerable chunk of money...
It'll be hard going to get your window cleaning business anywhere near your old income if your starting from scratch..
Are you planning on buying some work to start you off again?
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I thought most teachers were earning around 45-50k a year once they've been at it for 5 years or so....
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I thought most teachers were earning around 45-50k a year once they've been at it for 5 years or so....
Nowhere near that amount Daz. You’d need to be teaching a good 12-15 years or more to get anywhere near those numbers.
Teachers pensions are very good though.
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Worth doing some calculations on your pension and when you could benefit from it.
However much you pay into a private pension it is very unlikely to match the income you will get from your teacher's pension.
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Most teachers work just under 60 hrs a week, windowcleaners work about half that but have to spend another 30 hours a week on here. Could you cope with that? Teachers get less holidays ( only about two months and not five star either). Pensions will never match the public sector so that could be a worry. Mine are absolutely crap!
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All good points. It's not just the money to be fair. I know teachers whinge, but it's emotionally draining and I don't know how much more I can take. And you can't actually do much with your holidays... You're not paid enough. I keep myself entertained, but you're just off work, not really on holiday. And yes, I work a huge amount of hours. Then you turn up and the same mentally unstable kid needs restraining again (yes, it is like that) and all you want to do is quit.
Anyhow, thanks for the advice. I need to balance everything and think about how long it will take to build a business again.
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All good points. It's not just the money to be fair. I know teachers whinge, but it's emotionally draining and I don't know how much more I can take. And you can't actually do much with your holidays... You're not paid enough. I keep myself entertained, but you're just off work, not really on holiday. And yes, I work a huge amount of hours. Then you turn up and the same mentally unstable kid needs restraining again (yes, it is like that) and all you want to do is quit.
Anyhow, thanks for the advice. I need to balance everything and think about how long it will take to build a business again.
I know how stressful it can be...I went out with a high school teacher for 5 years...she was constantly working even in the so called holidays,red tape and constant new curriculums plus you couldn't physically hit the kids with the cane,etc....
You have my respect mate,they reckon teaching is one of the most stressful jobs you can do....
Ironically window cleaning is probably one of the least stressful and well paid(for hours worked)
Good luck
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All good points. It's not just the money to be fair. I know teachers whinge, but it's emotionally draining and I don't know how much more I can take. And you can't actually do much with your holidays... You're not paid enough. I keep myself entertained, but you're just off work, not really on holiday. And yes, I work a huge amount of hours. Then you turn up and the same mentally unstable kid needs restraining again (yes, it is like that) and all you want to do is quit.
Anyhow, thanks for the advice. I need to balance everything and think about how long it will take to build a business again.
I know how stressful it can be...I went out with a high school teacher for 5 years...she was constantly working even in the so called holidays,red tape and constant new curriculums plus you couldn't physically hit the kids with the cane,etc....
You have my respect mate,they reckon teaching is one of the most stressful jobs you can do....
Ironically window cleaning is probably one of the least stressful and well paid(for hours worked)
Good luck
That's an interesting take on teaching .....
Darran
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How old are you Viscount if you don't mind me asking ?
Its just you've been out of window cleaning 10 years. If you're starting from scratch again, how many working years do you see yourself having left unless you plan on employing ?
I'm 52 , been going 17 years . I'm still reasonably fit but I won't lie, I do feel the wear and tear of a manual job on my body and am certainly a bit slower than I was 10 years ago.
Through choice and circumstance I'll be working until I drop.
If, however, I had job security, sick and holiday pay plus a good pension such as teaching provides I'd give it serious consideration before jacking it in.
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How old are you Viscount if you don't mind me asking ?
Its just you've been out of window cleaning 10 years. If you're starting from scratch again, how many working years do you see yourself having left unless you plan on employing ?
I'm 52 , been going 17 years . I'm still reasonably fit but I won't lie, I do feel the wear and tear of a manual job on my body and am certainly a bit slower than I was 10 years ago.
Through choice and circumstance I'll be working until I drop.
If, however, I had job security, sick and holiday pay plus a good pension such as teaching provides I'd give it serious consideration before jacking it in.
That's a good point 👉
However window cleaning is easier on the body these days with the equipment we can buy to make the job easier(electric reels,6mm hose and hi mod poles)
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My missus jacked in teaching to come cleaning windows with me.
She's a million times happier despite the pension loss.
When you add up all the preparation and admin and marking hours the wages are not that great.
She would probably have been on a murder charge if she hadn't.
I've seen her up until midnight doing preparation only for the kids next day to tear it up in front of her and say to her face "I'm not doing that s**t".
She gave one detention and she was followed to her car at the end of the day by a group of pupils threatening her and to vandalise her car.
She got a Christmas card with the message inside "Don't f**k with me, or else" The 'pupil' even had the nerve to put his name in it.
When she took it to head of department they told her "You'll just have to get used to it".
Not allowed to say No, Can't or Don't or Stop. Only allowed to praise good behaviour when there is very little or none.
The final straw was when she was asked to demonstrate a new teaching method for Ofsted she asked for a volunteer and when one offered she said "Ok you can be our guinea pig" an Asian pupil claimed she had called him a pig.
There was an investigation parents got involved and she was told she needed to go on a Diversity and Inclusion course'!
Don't blame you for wanting to clean windows.
Good Luck.
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My advice would be take the pension early 55 is the minimum age and join us if the job your doing is getting you and I mean really getting to you it’s better for your mental well being we all hate our jobs at times but overall who can beat starting when you want finish when you want stop for a chat or scoot off for the day to the seaside or London for the day who’s going to report me? It’s cold some days hot on others wear what you want
No tie or ties but that pension boy oh boy sounds good to me at sixty I have a shocking provision for the day I am too old to keep going maxwell stole it !! Some days are rained off but on others you can make 200 before breakfast other days 200 all day it’s a job you know but it has changed dramatically since you last worked a van is the minimum and a decent reliable system is next nothing fancy but a min spend if about 3 to 5 k would be about it for a decent van then picking up jobs will take time I am glad i am not starting from scratch even knowing what I know now good luck read all the posts on here before you decide and do what’s best for you money ain’t everything
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Probably not much changed other than lighter and better kit.
Lot more competition but then again lot easier to get work via the Internet.
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My wife is Depute Headteacher in a primary school, yes she gets a decent salary but when you divide that against the hours worked it isn’t that great. Of course the job does come with other benefits, decent holiday entitlement, pension, holiday pay, sick pay etc.
I’m actually part time window cleaner, part time house husband😄I almost always cook the early evening meal as my wife often isn’t home from work until 6.
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You couldn't pay me enough to be a teacher or a copper these days! I'd probably end up banged up myself!😬
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My advice would be take the pension early 55 is the minimum age and join us if the job your doing is getting you and I mean really getting to you it’s better for your mental well being we all hate our jobs at times but overall who can beat starting when you want finish when you want stop for a chat or scoot off for the day to the seaside or London for the day who’s going to report me? It’s cold some days hot on others wear what you want
No tie or ties but that pension boy oh boy sounds good to me at sixty I have a shocking provision for the day I am too old to keep going maxwell stole it !! Some days are rained off but on others you can make 200 before breakfast other days 200 all day it’s a job you know but it has changed dramatically since you last worked a van is the minimum and a decent reliable system is next nothing fancy but a min spend if about 3 to 5 k would be about it for a decent van then picking up jobs will take time I am glad i am not starting from scratch even knowing what I know now good luck read all the posts on here before you decide and do what’s best for you money ain’t everything
Purnells?
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Thanks for all the comments. Given me lots to think about. I guess it's the stress and the bullpoop.
Someone asked how old I am. Almost 43 in pretty good shape. Always made sure I exercise and eat properly. The poles are so light nowadays. I remember using ionics fibre glass poles back in the day and being knackered at the end of the day. Time carbon ones became cheap enough, the job was a breeze.
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Thanks for all the comments. Given me lots to think about. I guess it's the stress and the bullpoop.
Someone asked how old I am. Almost 43 in pretty good shape. Always made sure I exercise and eat properly. The poles are so light nowadays. I remember using ionics fibre glass poles back in the day and being knackered at the end of the day. Time carbon ones became cheap enough, the job was a breeze.
I'm over 60 and still on the glass - I typically do 4 x 7 hour days including about an hours driving and twenty minutes for lunch. I steer clear of gutters and all but the simplest of conny roofs.
Keep the pension as long as you can before dipping in unless you have to. I have a small private pension pot (untouched) and some modest rental income - if there is one thing I wish I had done better it is having a decent pension. If you have ten years of teaching then that will be waiting for you at the right time.
If you can part time teach as you build up good work you will do well. Also at your age you might think about employing/franchising if you want to take your business that way in say five years time.
Good luck!
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All good points. It's not just the money to be fair. I know teachers whinge, but it's emotionally draining and I don't know how much more I can take. And you can't actually do much with your holidays... You're not paid enough. I keep myself entertained, but you're just off work, not really on holiday. And yes, I work a huge amount of hours. Then you turn up and the same mentally unstable kid needs restraining again (yes, it is like that) and all you want to do is quit.
Anyhow, thanks for the advice. I need to balance everything and think about how long it will take to build a business again.
I know how stressful it can be...I went out with a high school teacher for 5 years...she was constantly working even in the so called holidays,red tape and constant new curriculums plus you couldn't physically hit the kids with the cane,etc....
You have my respect mate,they reckon teaching is one of the most stressful jobs you can do....
Ironically window cleaning is probably one of the least stressful and well paid(for hours worked)
Good luck
That's an interesting take on teaching .....
Darran
In my school days, the cane was another way of opening most kids ears - I speak from personal experience, Darran. ;D
All teachers could use the cane on boys and the ruler on girls in Africa. It was only in later high school years that the school's Headmaster was the one entrusted to cane us lads. He was the one to decide how many strokes you got. Friday afternoon detention was dished out more and more. One lad in our class was booked into detention for the remaining 4 years of his high school attendance. (High school was 5 years in Northern Rhodesia back then.) He was a rather naughty boy. Back in our day our parents generally supported the school discipline procedure. We didn't dare tell our parents we got "dorks" (the cane) or we would get another hiding from them as well. :'(
We have a few teachers on the round. They are all finding the job very stressful. Pressure comes from all directions - unruly children, unruly parents and Ofsted.
My advice to Viscount would be to start using the longer daylight hours to start to build a small round while still being a teacher. This is going to take commitment from not only yourself but your family as well and be very exhausting.
I would also be doing some soul-searching and asking myself why I left off window cleaning to become a teacher in the first place. When we look back over our past, we often only remember the good times. Was it having to work outside in all weathers? My wife works in an office, and in winter I frequently wish I could also work all day in a warm environment.
Building a successful round isn't as easy as it was 15 years ago. There is a lot more competition and customer's perception of what window cleaning should cost has changed much in 10 years - or at least that's my experience in our area in the North East.
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From next April the pension changes drastically - and I can't see it being an improvement on what it is already. It becomes the public services pension scheme. My wife and a lot of my friends will be affected, and those of a certain age (just about all of them!) are busy making plans to go as soon as possible in case they end up in a pension trap. Where the promise of a decent pension is used to excuse relatively low wages and poor conditions, and then the pension is altered, it doesn't make sense to spend your 50s and 60s hating work when it takes up so much of your waking hours and can damage your health.
I don't envy your position having to make what could be a massive decision, but at least you have previous experience on the glass and know what the game is about. Could you fit tutoring in outside of the normal cleaning hours, just to make the transition easier whilst building the round?
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There’s more to life than sticking at the same job waiting for a pittance of a pension 15 years down the line,happiness is the key I know the average age people get their pension is 65 but you ain’t guaranteed to get there and when you do the chances are you won’t want to be going half way round the world anymore,I hear it all the time if you could manage window cleaning 2 days a week you’d get more from that than you would from a huge pension I know I would or certainly more than a school teachers one.
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Hey Spruce, I've done the soul searching. My family are all very middle class (as am I, I suppose) and always looked down on me and made snide comments. I let it get to me. Basically I became stressed and skint (especially to start with) to please my parents.
No it doesn't make sense. Now I couldn't give a poo what they think about it. I'm the one who has to do it.
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There’s more to life than sticking at the same job waiting for a pittance of a pension 15 years down the line,happiness is the key I know the average age people get their pension is 65 but you ain’t guaranteed to get there and when you do the chances are you won’t want to be going half way round the world anymore,I hear it all the time if you could manage window cleaning 2 days a week you’d get more from that than you would from a huge pension I know I would or certainly more than a school teachers one.
I could easily live on £600-£700 for 2 days work a week in my 60s/70s....how much would i have to put away every month for decades to get anywhere near that as a pension?(£2400-£2800 per month)after expenses and a few months off a year I'd still be left with around £20k-22k with no mortgage
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Hey Spruce, I've done the soul searching. My family are all very middle class (as am I, I suppose) and always looked down on me and made snide comments. I let it get to me. Basically I became stressed and skint (especially to start with) to please my parents.
No it doesn't make sense. Now I couldn't give a poo what they think about it. I'm the one who has to do it.
The great thing about getting older is you care less what other people think.....do what you think is right for you.....
Best wishes mate
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There’s more to life than sticking at the same job waiting for a pittance of a pension 15 years down the line,happiness is the key I know the average age people get their pension is 65 but you ain’t guaranteed to get there and when you do the chances are you won’t want to be going half way round the world anymore,I hear it all the time if you could manage window cleaning 2 days a week you’d get more from that than you would from a huge pension I know I would or certainly more than a school teachers one.
I could easily live on £600-£700 for 2 days work a week in my 60s/70s....how much would i have to put away every month for decades to get anywhere near that as a pension?(£2400-£2800 per month)after expenses and a few months off a year I'd still be left with around £20k-22k with no mortgage
Have a play around with a compound interest calculator and see what putting away £200 / £500 / £1000 a month will be worth in 20 years time Daz. Even investing it and averaging a modest 6% a year I’m sure you’ll be surprised at what you could end up with.
You can also decide to still work a day or two a week even if you have a pension/investments aswell, it’s not either or.
https://www.thecalculatorsite.com/finance/calculators/compoundinterestcalculator.php
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I don't have a pension and don't really see the point in socking a load of money away I'll probably croak it before I get to spend it anyway.
I just figure I'll find a way to make money when I get there. Stick a lad in a van on your round and hey presto passive income
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Put away a 1000 a month for 20 years lol yeah you’d be surprised you still wouldn’t end up with as much as you think from what I hear from people that have done just this,you need a huge pension pot far more than a couple of hundred 1000.
The thought of doing the things I’d like to do now when I’m 65-70 makes me go cold I’m afraid,speak to a pensions advisor that you may know that will give you an honest opinion,it’s a gamble they rely on people dying before they will start getting paid and that’s a fact just like all those big casinos in Vegas don’t get built on winners.
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Put away a 1000 a month for 20 years lol yeah you’d be surprised you still wouldn’t end up with as much as you think from what I hear from people that have done just this,you need a huge pension pot far more than a couple of hundred 1000.
The thought of doing the things I’d like to do now when I’m 65-70 makes me go cold I’m afraid,speak to a pensions advisor that you may know that will give you an honest opinion,it’s a gamble they rely on people dying before they will start getting paid and that’s a fact just like all those big casinos in Vegas don’t get built on winners.
Ok mate
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Put away a 1000 a month for 20 years lol yeah you’d be surprised you still wouldn’t end up with as much as you think from what I hear from people that have done just this,you need a huge pension pot far more than a couple of hundred 1000.
The thought of doing the things I’d like to do now when I’m 65-70 makes me go cold I’m afraid,speak to a pensions advisor that you may know that will give you an honest opinion,it’s a gamble they rely on people dying before they will start getting paid and that’s a fact just like all those big casinos in Vegas don’t get built on winners.
If you put away that much Nigel you have £240,000. Without interest/inflation that itself will pay you £1,000 a month for 20 years. Plus state pension. Always worth saving for the future whether you call it a pension or not.
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Yeah I know how much that amounts to believe it or not,the thing is there are other ways to maybe secure you’re future.
How many people do you know that can put away 1-2000 a month for basically their whole working life and not miss out on holidays doing the house up etc,most people live from month to month with nothing left if Covid has taught me 1 thing it’s that tomorrow might not come.
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Yeah I know how much that amounts to believe it or not,the thing is there are other ways to maybe secure you’re future.
How many people do you know that can put away 1-2000 a month for basically their whole working life and not miss out on holidays doing the house up etc,most people live from month to month with nothing left if Covid has taught me 1 thing it’s that tomorrow might not come.
You said £1K a month for 20 years - I just showed what that would do. I agree that few can do it. But if it was "only" £250 that would give you something useful.
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Yeah I know how much that amounts to believe it or not,the thing is there are other ways to maybe secure you’re future.
How many people do you know that can put away 1-2000 a month for basically their whole working life and not miss out on holidays doing the house up etc,most people live from month to month with nothing left if Covid has taught me 1 thing it’s that tomorrow might not come.
You said £1K a month for 20 years - I just showed what that would do. I agree that few can do it. But if it was "only" £250 that would give you something useful.
I said £200 - £1000 a month and NWH quotes me and again exaggerates it to £1000-£2000 per month ;D ;D Talks so much crap it’s ridiculous.
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If you have an investment pot of £250k (whether inside or outside of a pension) you should achieve an annual growing income of around £10k without having to draw on your capital.
It takes time to build up but given what most on here earn should be possible over time.
I have approx 200k invested mostly in ISA and my annual dividends are close to 8K, which are reinvested. The 200k figure includes investment growth and dividend reinvestment.
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I wasn’t exaggerating that figure was in my head because that is the general figure people quote usually around the 200 odd K mark,nothing wrong with that fine but that’s not going to give you anywhere near enough to survive on really with any kind of luxury,ok it’ll pay a few bills and you shouldn’t have a mortgage but if someone’s 10 years in to something like that by the time 20 years comes it’ll be pittance and that’s if you get there.
For example a 1000 a month after a mortgage and all other bills is not achievable for a lot of people is what you get at the end of it going to be worth it.
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i think i could survive on the state pension easy. By that time no mortgage so not many bills and stomachs shrink as we get older so could probably manage on a pot noodle a day.
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If you have an investment pot of £250k (whether inside or outside of a pension) you should achieve an annual growing income of around £10k without having to draw on your capital.
It takes time to build up but given what most on here earn should be possible over time.
I have approx 200k invested mostly in ISA and my annual dividends are close to 8K, which are reinvested. The 200k figure includes investment growth and dividend reinvestment.
I have highlighted a section in the hope that NWH can read the word "growing".
I am not suggesting everyone should live on £10k per year but it is a useful supplement to state pension or other income.
My personal goal is to retire in about 3 years (age 60). I will have ISA income, personal pension income and option to move to cheaper area and buy smaller house, thus freeing up some equity from the house. I should get by OK until the state pension kicks in age 67.
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If you have an investment pot of £250k (whether inside or outside of a pension) you should achieve an annual growing income of around £10k without having to draw on your capital.
It takes time to build up but given what most on here earn should be possible over time.
I have approx 200k invested mostly in ISA and my annual dividends are close to 8K, which are reinvested. The 200k figure includes investment growth and dividend reinvestment.
I have highlighted a section in the hope that NWH can read the word "growing".
I am not suggesting everyone should live on £10k per year but it is a useful supplement to state pension or other income.
My personal goal is to retire in about 3 years (age 60). I will have ISA income, personal pension income and option to move to cheaper area and buy smaller house, thus freeing up some equity from the house. I should get by OK until the state pension kicks in age 67.
Assuming your health holds would you keep a bit of cream work or sell the business? Or employ?
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If you have an investment pot of £250k (whether inside or outside of a pension) you should achieve an annual growing income of around £10k without having to draw on your capital.
It takes time to build up but given what most on here earn should be possible over time.
I have approx 200k invested mostly in ISA and my annual dividends are close to 8K, which are reinvested. The 200k figure includes investment growth and dividend reinvestment.
I have highlighted a section in the hope that NWH can read the word "growing".
I am not suggesting everyone should live on £10k per year but it is a useful supplement to state pension or other income.
My personal goal is to retire in about 3 years (age 60). I will have ISA income, personal pension income and option to move to cheaper area and buy smaller house, thus freeing up some equity from the house. I should get by OK until the state pension kicks in age 67.
Assuming your health holds would you keep a bit of cream work or sell the business? Or employ?
Not sure. I plan to either retire completely and move to another part of the country (I would like to live near some mountains), or if I stay put would work less. Will probably go for first option.
I do not want the hassle of employing.
Like Stoots I do not want or need much, but being married definitely complicates things.
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Looks like I’ll be selling up and moving up Yorkshire or Cumbria way then no need to get a pension just sell up buy a place up there and cash in 🤣🤣
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If you have an annual growing income of 10k from that good luck to you most options will offer 6% with a minimum of 100k invested,if you own a fair
Sized home in a decent part of the south of England it’s a lot simpler you could generate that 250k 2 fold after you’ve bought in another part of the country without depriving yourself of living for 30 odd years.
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If you have an annual growing income of 10k from that good luck to you most options will offer 6% with a minimum of 100k invested.
You clearly know nothing about pensions, investments or any form of retirement planning so why bother entering into these discussions. You just make yourself look daft.
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When I want money I just ask the wife 😞
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If you have an annual growing income of 10k from that good luck to you most options will offer 6% withminimum of 100k a invested,if you own a fair
Sized home in a decent part of the south of England it’s a lot simpler you could generate that 250k 2 fold after you’ve bought in another part of the country without depriving yourself of living for 30 odd years.
You are talking about an annuity. I have no intention of purchasing an annuity.
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It doesn’t matter my point is yes it’s good to plan but not if it’s going to take so much of you’re income you will really miss out during your working life I’ve seen it a lot and heard the conversations,I was listening to someone that works for Iverde all he was going on about was his pension I’m getting a works pension blah blah basically not far off what he earns now as he’s worked for the council with the old regulations.
What he failed to mention was that he’s spent the last 30 odd years earning crap money and can’t wait get to 65 before he’ll have some,I personally can’t think of anything worse going short for decades before you can afford a few decent pleasures.
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Is your pension pot guaranteed?
You could be paying into a pot like those employees of BHS did. I'm sure there are numerous other Philip Greens about.
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i think i could survive on the state pension easy. By that time no mortgage so not many bills and stomachs shrink as we get older so could probably manage on a pot noodle a day.
Dream on ;D Our state pension is one , if not the lowest in Europe and much of the world.
About £700 each 4 weeks.
Pensions are a rip off.
I have a stakeholder pension taken out because of the 20% tax relief but you can only take 25% tax free the other 75% is taxable.
And it's not a simple matter of just taking 25% cash you have to purchase another fund (with associated costs) with the remaining 75%.
Annuities to give you a regular income from it are at an all time low I know people who have lost thousands.
Since 2008/ 2009 financial "crisis" we have been screwed big time with all the money going to the top 5%.
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Is your pension pot guaranteed?
You could be paying into a pot like those employees of BHS did. I'm sure there are numerous other Philip Greens about.
You've got to be very careful where you invest your money these days.....very careful or it could all disappear in the blink of an eye.....
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The shirt and tie is the new balaclava.
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Finance talk is interesting. I’m not big on it, but I think it’s wise to have savings.
So for those who think it’s pointless…….Stocks and shares ISA.
This is something I’ve only just started understanding, and is very good for savings as long as you know what your doing, and it’s also tax free!
I’ve never been big on pension schemes, the fact that they could collapse, or the fact that actually a company is just taking your money and using it to make money and then give you a fraction of that back. Plus you get taxed when you pay into the pension, then taxed again on the way out.
I’ve currently gained 20% over the last year, which I know will not continue, but based on historic average It should yield about 10% growth. Even through economic crashes the stock market has bounced back, and it’s how all the pension schemes make their billions anyway.
Here’s an example of “compound interest” for an average working man based on the figures of 10%.
Start at age 20 putting away £250 a month each and every month, a very affordable amount.
By age 50 you would have contributed £90,000 total into the tax free ISA account, the total value of the account? ……. Over £500,000.
That would mean each year at 50 year old you could take out £50,000 to live on, pay zero tax on it, and the £500,000 stays there, never reducing because of the compound interest.
Why on earth is basic finance not taught at schools?????? Instead we get to learn x over y in algebra or what the capital of Thailand is. ???
To be fair though, finances can all disappear in the blink of an eye anyway, and health is wealth, but it is an interesting subject.
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Finance talk is interesting. I’m not big on it, but I think it’s wise to have savings.
So for those who think it’s pointless…….Stocks and shares ISA.
This is something I’ve only just started understanding, and is very good for savings as long as you know what your doing, and it’s also tax free!
I’ve never been big on pension schemes, the fact that they could collapse, or the fact that actually a company is just taking your money and using it to make money and then give you a fraction of that back. Plus you get taxed when you pay into the pension, then taxed again on the way out.
I’ve currently gained 20% over the last year, which I know will not continue, but based on historic average It should yield about 10% growth. Even through economic crashes the stock market has bounced back, and it’s how all the pension schemes make their billions anyway.
Here’s an example of “compound interest” for an average working man based on the figures of 10%.
Start at age 20 putting away £250 a month each and every month, a very affordable amount.
By age 50 you would have contributed £90,000 total into the tax free ISA account, the total value of the account? ……. Over £500,000.
That would mean each year at 50 year old you could take out £50,000 to live on, pay zero tax on it, and the £500,000 stays there, never reducing because of the compound interest.
Why on earth is basic finance not taught at schools?????? Instead we get to learn x over y in algebra or what the capital of Thailand is. ???
To be fair though, finances can all disappear in the blink of an eye anyway, and health is wealth, but it is an interesting subject.
Excellent post Jonny. Investing through a S&S ISA is my preferred method also. I know you don’t get the tax relief when paying in, but it’s all tax free on the way out and more importantly for me, I can control the investments within the ISA and it’s not locked away until later in life like a pension is.
It’s obviously not risk free, but investing in pre packaged funds or even better on full index trackers much lessens the risks.
Saving money into a bank account these days with interest at 0.10% and inflation up near 5% means your money will be effectively worth a lot less year on year.
Good points on the compound interest too, as you say it’s criminal that this isn’t taught in schools. I linked the compound interest calculator above and the power of compounding is really unbelievable.
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Finance talk is interesting. I’m not big on it, but I think it’s wise to have savings.
So for those who think it’s pointless…….Stocks and shares ISA.
This is something I’ve only just started understanding, and is very good for savings as long as you know what your doing, and it’s also tax free!
I’ve never been big on pension schemes, the fact that they could collapse, or the fact that actually a company is just taking your money and using it to make money and then give you a fraction of that back. Plus you get taxed when you pay into the pension, then taxed again on the way out.
I’ve currently gained 20% over the last year, which I know will not continue, but based on historic average It should yield about 10% growth. Even through economic crashes the stock market has bounced back, and it’s how all the pension schemes make their billions anyway.
Here’s an example of “compound interest” for an average working man based on the figures of 10%.
Start at age 20 putting away £250 a month each and every month, a very affordable amount.
By age 50 you would have contributed £90,000 total into the tax free ISA account, the total value of the account? ……. Over £500,000.
That would mean each year at 50 year old you could take out £50,000 to live on, pay zero tax on it, and the £500,000 stays there, never reducing because of the compound interest.
Why on earth is basic finance not taught at schools?????? Instead we get to learn x over y in algebra or what the capital of Thailand is. ???
To be fair though, finances can all disappear in the blink of an eye anyway, and health is wealth, but it is an interesting subject.
Excellent post Jonny. Investing through a S&S ISA is my preferred method also. I know you don’t get the tax relief when paying in, but it’s all tax free on the way out and more importantly for me, I can control the investments within the ISA and it’s not locked away until later in life like a pension is.
It’s obviously not risk free, but investing in pre packaged funds or even better on full index trackers much lessens the risks.
Saving money into a bank account these days with interest at 0.10% and inflation up near 5% means your money will be effectively worth a lot less year on year.
Good points on the compound interest too, as you say it’s criminal that this isn’t taught in schools. I linked the compound interest calculator above and the power of compounding is really unbelievable.
Great points Deege. Good to know I haven’t missed something Obvious too.
I’ve only just started, But doing similar, index funds etc. it’s just like a savings account but with much better interest.
That’s a good point about it not being tax free on the way in, but like you say the benefits definitely outweigh the negatives.
I really don’t know why this isn’t taught? I’m not a conspiracy theorist, but it really does make you think it’s like the top dogs wanting to keep the little guys down. Mayb it’s just my pessimism coming out as I get older. ;D
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High risk = high returns …….. if nothing goes wrong. :)
You two sound just like my pension and mortgage advisors did forty years ago. Unfortunately both twats got it wrong.
My endowment policy was going to make me rich and my company pension was going to be incredible.
Endowments turned out to be useless and my company pension got put into a pension protection fund as it failed when the company went bust.
Property however has steadily increased in value.
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High risk = high returns …….. if nothing goes wrong. :)
You two sound just like my pension and mortgage advisors did forty years ago. Unfortunately both twats got it wrong.
My endowment policy was going to make me rich and my company pension was going to be incredible.
Endowments turned out to be useless and my company pension got put into a pension protection fund as it failed when the company went bust.
Property however has steadily increased in value.
;D
It may sound that way, but from
The research I’ve done the stocks and shares isa is one of the safest ways to save money.
The difference with your situation is that you didn’t have control of your money. If anything starts going wrong in a stocks and shares isa you just pull the money out, your in complete control, rather than a pension fund or manager that really does go high risk. They want to make 20% plus percent per year, so they make money off your money and still can give you what’s promised. If you cut out the middle man it’s much safer.
Your right about property though. It just comes with its own headaches as does everything I suppose.
I’m no financial advisor though thats for sure. Don’t take my word for it. ;D
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Finance talk is interesting. I’m not big on it, but I think it’s wise to have savings.
So for those who think it’s pointless…….Stocks and shares ISA.
This is something I’ve only just started understanding, and is very good for savings as long as you know what your doing, and it’s also tax free!
I’ve never been big on pension schemes, the fact that they could collapse, or the fact that actually a company is just taking your money and using it to make money and then give you a fraction of that back. Plus you get taxed when you pay into the pension, then taxed again on the way out.
I’ve currently gained 20% over the last year, which I know will not continue, but based on historic average It should yield about 10% growth. Even through economic crashes the stock market has bounced back, and it’s how all the pension schemes make their billions anyway.
Here’s an example of “compound interest” for an average working man based on the figures of 10%.
Start at age 20 putting away £250 a month each and every month, a very affordable amount.
By age 50 you would have contributed £90,000 total into the tax free ISA account, the total value of the account? ……. Over £500,000.
That would mean each year at 50 year old you could take out £50,000 to live on, pay zero tax on it, and the £500,000 stays there, never reducing because of the compound interest.
Why on earth is basic finance not taught at schools?????? Instead we get to learn x over y in algebra or what the capital of Thailand is. ???
To be fair though, finances can all disappear in the blink of an eye anyway, and health is wealth, but it is an interesting subject.
Without being controversial how do you come up with those figures ??? How do you get 20% growth the interest rate on an isa is no ware near that , the interest rate on £0-1,00000 is 0:02 % interest not 20% according to most banks .
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Finance talk is interesting. I’m not big on it, but I think it’s wise to have savings.
So for those who think it’s pointless…….Stocks and shares ISA.
This is something I’ve only just started understanding, and is very good for savings as long as you know what your doing, and it’s also tax free!
I’ve never been big on pension schemes, the fact that they could collapse, or the fact that actually a company is just taking your money and using it to make money and then give you a fraction of that back. Plus you get taxed when you pay into the pension, then taxed again on the way out.
I’ve currently gained 20% over the last year, which I know will not continue, but based on historic average It should yield about 10% growth. Even through economic crashes the stock market has bounced back, and it’s how all the pension schemes make their billions anyway.
Here’s an example of “compound interest” for an average working man based on the figures of 10%.
Start at age 20 putting away £250 a month each and every month, a very affordable amount.
By age 50 you would have contributed £90,000 total into the tax free ISA account, the total value of the account? ……. Over £500,000.
That would mean each year at 50 year old you could take out £50,000 to live on, pay zero tax on it, and the £500,000 stays there, never reducing because of the compound interest.
Why on earth is basic finance not taught at schools?????? Instead we get to learn x over y in algebra or what the capital of Thailand is. ???
To be fair though, finances can all disappear in the blink of an eye anyway, and health is wealth, but it is an interesting subject.
Without being controversial how do you come up with those figures ??? How do you get 20% growth the interest rate on an isa is no ware near that , the interest rate on £0-1,00000 is 0:02 % interest not 20% according to most banks .
Stocks and Shares ISA and cash ISA’s are very different from one another.
https://www.wealthify.com/blog/cash-isa-and-stocks-shares-isa-what-s-the-difference
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Finance talk is interesting. I’m not big on it, but I think it’s wise to have savings.
So for those who think it’s pointless…….Stocks and shares ISA.
This is something I’ve only just started understanding, and is very good for savings as long as you know what your doing, and it’s also tax free!
I’ve never been big on pension schemes, the fact that they could collapse, or the fact that actually a company is just taking your money and using it to make money and then give you a fraction of that back. Plus you get taxed when you pay into the pension, then taxed again on the way out.
I’ve currently gained 20% over the last year, which I know will not continue, but based on historic average It should yield about 10% growth. Even through economic crashes the stock market has bounced back, and it’s how all the pension schemes make their billions anyway.
Here’s an example of “compound interest” for an average working man based on the figures of 10%.
Start at age 20 putting away £250 a month each and every month, a very affordable amount.
By age 50 you would have contributed £90,000 total into the tax free ISA account, the total value of the account? ……. Over £500,000.
That would mean each year at 50 year old you could take out £50,000 to live on, pay zero tax on it, and the £500,000 stays there, never reducing because of the compound interest.
Why on earth is basic finance not taught at schools?????? Instead we get to learn x over y in algebra or what the capital of Thailand is. ???
To be fair though, finances can all disappear in the blink of an eye anyway, and health is wealth, but it is an interesting subject.
Without being controversial how do you come up with those figures ??? How do you get 20% growth the interest rate on an isa is no ware near that , the interest rate on £0-1,00000 is 0:02 % interest not 20% according to most banks .
As the link that Deeege put, It’s investing in the stock market, which always sounded off limits to me, until you realise that it is much safer than you’d at first think.
You get ISA accounts, which have tiny Interest rates, then you have stocks and shares isa which allow you to invest in the stock market but in a tax free isa “wrapper”. You can “only” deposit £20k a year, but any growth from the stocks themselves is tax free and doesn’t effect the 20k limit.
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You are gambling with stocks and shares RBS shares went from 24-25£ a share to literally pennies 70-80k worth of shares all of a sudden become worth about £450,yeah they seem a good bet.
You need loads of money to play with to make serious money I was discussing this with a customer that’s in that business,the only reason the first example made 20 odd a share was because it was invested over 30 years and the lot was lost.
Stocks and shares are a gamble and if you want to make money quickly it takes a lot of investment and it’s a gamble.
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You are gambling with stocks and shares RBS shares went from 24-25£ a share to literally pennies 70-80k worth of shares all of a sudden become worth about £450,yeah they seem a good bet.
You need loads of money to play with to make serious money I was discussing this with a customer that’s in that business,the only reason the first example made 20 odd a share was because it was invested over 30 years and the lot was lost.
Stocks and shares are a gamble and if you want to make money quickly it takes a lot of investment and it’s a gamble.
Sorry but that’s not true NWH.
If you put all your eggs in one basket then yes, it has risk, but that’s why you have to do your research. If people go into it with the “get rich quick idea” then that is risky, and that’s what I would describe as gambling, or “day trading” is another term.
In reality they’re are funds available through companies like vanguard who offer things called “index” funds which track the stock market as a whole, which for example the S&P 500 has consistently yielded 10% yearly growth even factoring in stock market crashes.
The idea is, view it as any other ISA, set it up correctly, then leave it in there, making regular contributions just like any other savings. It’s exactly what many of these big pension funds do with money they are given. They just take most of the profit, and give back what they have committed to give back for the pension.
If you put all your life’s saving into RBS then a stocks and shares ISA definitely isnt for you. ;D
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No I didn’t do that.
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Same ole Nigel - I saw, I heard, I was chatting to the worlds expert..... yawn....
Personally I found bit coin quite a good investment - the wife brought £300 just over a year ago - now at £3k ( it does go up/down - but mostly up )
Darran
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Same ole Nigel - I saw, I heard, I was chatting to the worlds expert..... yawn....
Personally I found bit coin quite a good investment - the wife brought £300 just over a year ago - now at £3k ( it does go up/down - but mostly up )
Darran
Did you hear the story of the guy who had a few pounds worth bitcoin on a hard drive years and years ago and it got binned and put in a landfill.
It’s now worth over £200,000,000 or Mayb more, and he’s desperately trying to get help recovering it. 😱
Hang onto that £3,000s worth. You just never know.
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High risk = high returns …….. if nothing goes wrong. :)
You two sound just like my pension and mortgage advisors did forty years ago. Unfortunately both twats got it wrong.
My endowment policy was going to make me rich and my company pension was going to be incredible.
Endowments turned out to be useless and my company pension got put into a pension protection fund as it failed when the company went bust.
Property however has steadily increased in value.
The advice you were given was when interest rates were high, mortgage interest rates went as high as 14% in the early nineties. This was when an interest only mortgage was the way to go, you would only pay the interest part of the mortgage, you would then take out an endowment policy to run alongside your mortgage. These policies were sold with the promise that when the endowment matured it would accumulate enough money to pay off the mortgage and give you a nice lump sum on top of it. The slump in interest rates put an end to all that.
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I did ;D
its the wife's, I have NO CHANCE of getting my mitts on it >:(
Darran
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I did ;D
its the wife's, I have NO CHANCE of getting my mitts on it >:(
Darran
;D
Hopefully she will let you live in the garage of your 10 bedroom mansion in a few years. :)
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Same ole Nigel - I saw, I heard, I was chatting to the worlds expert..... yawn....
Personally I found bit coin quite a good investment - the wife brought £300 just over a year ago - now at £3k ( it does go up/down - but mostly up )
Darran
Lol if it’s worth that I would sell it quick 😂😂😂😂😂
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I may have missed it but what are your pension plans NWH?
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Is your pension pot guaranteed?
You could be paying into a pot like those employees of BHS did. I'm sure there are numerous other Philip Greens about.
In addition to an ISA I pay into a personal pension, which I converted into a SIPP 6 years ago where I control what it is invested in. You cannot compare it to a company pension scheme. The only person able to put money in or take it out is me.
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I may have missed it but what are your pension plans NWH?
Rich wife blah blah was chatting to a customer blah blah blah pensions are a rip off blah blah blah stocks and share gamble blah blah…….
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For those who take the DIY investment route, I personally find it better to invest in Investemnt Trusts and ETFs as opposed to OEICs (unit trusts). The charges tend to be lower and returns higher.
This probably does not mean much to most people.
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It doesn’t matter my point is yes it’s good to plan but not if it’s going to take so much of you’re income you will really miss out during your working life I’ve seen it a lot and heard the conversations,I was listening to someone that works for Iverde all he was going on about was his pension I’m getting a works pension blah blah basically not far off what he earns now as he’s worked for the council with the old regulations.
What he failed to mention was that he’s spent the last 30 odd years earning crap money and can’t wait get to 65 before he’ll have some,I personally can’t think of anything worse going short for decades before you can afford a few decent pleasures.
If you were to pay 1 or 2 days monthly income into a pension/ISA after 20 years or so you should have a very worthwhile sum to complement your retirement. Even 1 days monthly income should give a decent amount.
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i think i could survive on the state pension easy. By that time no mortgage so not many bills and stomachs shrink as we get older so could probably manage on a pot noodle a day.
Dream on ;D Our state pension is one , if not the lowest in Europe and much of the world.
About £700 each 4 weeks.
Pensions are a rip off.
I have a stakeholder pension taken out because of the 20% tax relief but you can only take 25% tax free the other 75% is taxable.
And it's not a simple matter of just taking 25% cash you have to purchase another fund (with associated costs) with the remaining 75%.
Annuities to give you a regular income from it are at an all time low I know people who have lost thousands.
Since 2008/ 2009 financial "crisis" we have been screwed big time with all the money going to the top 5%.
£700 isnt that bad.
if theres 2 of you, thats £1400. no mortgage so whats maybe 500 quid of bills.
Ive lived on the dole and benfits and minimum wage for years scraping by, i guess when youve done that you dont really fear being poor.
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Yeah rich wife big house no mortgage etc she’s just bought me an Audi RS she’s a bitch,still drive an old VW tranny though 🤣
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What are my pension plans Mmm let me think,how about a flat tight knit 🧶 weaved cap etc,hair coming out of my ears and nose 👃 that’ll be about it chaps it won’t get much better than that no matter what pension you’ve got I’ll be happy as long as I can stand up in the morning and that can have 2 meanings lol 😂
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Is that Aldi or Lidl cooking Sherry you’ve been consuming?
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i think i could survive on the state pension easy. By that time no mortgage so not many bills and stomachs shrink as we get older so could probably manage on a pot noodle a day.
Dream on ;D Our state pension is one , if not the lowest in Europe and much of the world.
About £700 each 4 weeks.
Pensions are a rip off.
I have a stakeholder pension taken out because of the 20% tax relief but you can only take 25% tax free the other 75% is taxable.
And it's not a simple matter of just taking 25% cash you have to purchase another fund (with associated costs) with the remaining 75%.
Annuities to give you a regular income from it are at an all time low I know people who have lost thousands.
Since 2008/ 2009 financial "crisis" we have been screwed big time with all the money going to the top 5%.
£700 isnt that bad.
if theres 2 of you, thats £1400. no mortgage so whats maybe 500 quid of bills.
Ive lived on the dole and benfits and minimum wage for years scraping by, i guess when youve done that you dont really fear being poor.
The way things are going that should just about cover your gas and electric bill😜
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I should have around £250k by the time I'm 70 which is not a bad little nest egg then I'll just go to 2 days a week window cleaning for 10 months a year if I'm alive and healthy!
Of course there's no guarantees but I'd hate to get into my mid 70s and be skint!
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If the worst comes to the worst Daz just get a chair and a rope m8,the way things have been going this last few years with the world tbh thinking what you’re gonna do in 20-25 years ain’t really worth worrying about, there’s no pockets on a shroud St Peter let’s all in if they’ve been good not just the rich ones.
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I should have around £250k by the time I'm 70 which is not a bad little nest egg….
It could be a lot more than that Daz if only you invested it somewhere that will be beating inflation over the long term.
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i think i could survive on the state pension easy. By that time no mortgage so not many bills and stomachs shrink as we get older so could probably manage on a pot noodle a day.
Dream on ;D Our state pension is one , if not the lowest in Europe and much of the world.
About £700 each 4 weeks.
Pensions are a rip off.
I have a stakeholder pension taken out because of the 20% tax relief but you can only take 25% tax free the other 75% is taxable.
And it's not a simple matter of just taking 25% cash you have to purchase another fund (with associated costs) with the remaining 75%.
Annuities to give you a regular income from it are at an all time low I know people who have lost thousands.
Since 2008/ 2009 financial "crisis" we have been screwed big time with all the money going to the top 5%.
£700 isnt that bad.
if theres 2 of you, thats £1400. no mortgage so whats maybe 500 quid of bills.
Ive lived on the dole and benfits and minimum wage for years scraping by, i guess when youve done that you dont really fear being poor.
You do not have to purchase an annuity with your pension. You can leave the remainder invested and simply take the dividend from it, or if you prefer take as much cash out whenever you want. With a small amount of research and knowledge you should only face minimal charges for doing this.
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£700 that’ll be the amount of council tax they’ll want off of you lol,it’s just like business go big big or stay small if you are in the middle you’ll pay for all you’re own care if you need it and get no help from no one.
They ain’t stupid this government get us all with a big pension pot and then say when you get down to 23k we will leave you alone lol complete joke,we want people to buy their own house yeah I bet they do so they can take it back off you when you get old and need to go into a home.
You come in with nothing and you leave the same.
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I should have around £250k by the time I'm 70 which is not a bad little nest egg….
It could be a lot more than that Daz if only you invested it somewhere that will be beating inflation over the long term.
Truoble is if you have cash in the bank you are actually losing money when you take inflation into account. This has been the case for years and likely will continue for years to come.
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Another bloke I know 🤣 he’s a pension and investment adviser he said to me do you know the first question I get and it drives me mad and infuriates me,I want to be able to leave it to my kids. He can’t get his head round that one he says why can’t they go to work then when they grow up 🤣🤣🤣
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Another bloke I know 🤣 he’s a pension and investment adviser he said to me do you know the first question I get and it drives me mad and infuriates me,I want to be able to leave it to my kids. He can’t get his head round that one he says why can’t they go to work then when they grow up 🤣🤣🤣
Do you not understand that people actually care about their children and are happy to see them inherit some wealth.
The world can be a difficult environment for younger people today.
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I’ve looked in to many pensions and investments and I’ve come to the conclusion that staying in Thailand 🇹🇭 and renting an apartment for 3000 dollars 💵 a year and being horizontal for most of time gives far more interest,don’t wait until you can’t get out of bed lads get it rockin 🤣🤣😂😂
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I should have around £250k by the time I'm 70 which is not a bad little nest egg….
It could be a lot more than that Daz if only you invested it somewhere that will be beating inflation over the long term.
Truoble is if you have cash in the bank you are actually losing money when you take inflation into account. This has been the case for years and likely will continue for years to come.
Exactly. That’s why it so important to have your money somewhere that is at the very least beating inflation, otherwise every year you are actually getting less wealthy.
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The worst thing you can do for a young person is let them think that one day they’ll inherit all you’re worldly goods,that doesn’t get them motivated even now I see it with my customers 50-55 year old men very very wealthy parents and they’ve had a job all their life gardening lol.
I’ve known many times when a customer of mine has passed away,the son has gone from a 20 year old car to a Range Rover Sport as soon as probate has been granted lol.
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Another bloke I know 🤣 he’s a pension and investment adviser he said to me do you know the first question I get and it drives me mad and infuriates me,I want to be able to leave it to my kids. He can’t get his head round that one he says why can’t they go to work then when they grow up 🤣🤣🤣
That question drives him mad? I reckon he’s in the wrong job, maybe he should consider a career change!………..That’s if said bloke isn’t just a figment of your imagination right enough🤣
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I should have around £250k by the time I'm 70 which is not a bad little nest egg then I'll just go to 2 days a week window cleaning for 10 months a year if I'm alive and healthy!
Of course there's no guarantees but I'd hate to get into my mid 70s and be skint!
I’d hate to be cleaning windows in my mid 70’s. What a dreadful thought!
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No honest m8 he’s a pensions and investment advisor a customer actually you know that type little bloke Porsche Cayenne about 5 foot 3 looks
Like a Lego man in a JCB,if he told me his name was Del Boy I wouldn’t bat an eyelid signed up more mugs than the biggest pottery in Stoke 🤣
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Cleaning windows in you’re 70s Mmm it beats a brisk walk and a latte then home for Lingo.
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I should have around £250k by the time I'm 70 which is not a bad little nest egg then I'll just go to 2 days a week window cleaning for 10 months a year if I'm alive and healthy!
Of course there's no guarantees but I'd hate to get into my mid 70s and be skint!
I’d hate to be cleaning windows in my mid 70’s. What a dreadful thought!
Why?I know 2 window cleaners who are still cleaning and they are in their late 70s(both on ladders too)....they look fantastic for their age and no plans to retire just yet...
Some people get old before their time...not me.... 8)
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One of them has been window cleaning for 60 years now! :)
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I should have around £250k by the time I'm 70 which is not a bad little nest egg….
It could be a lot more than that Daz if only you invested it somewhere that will be beating inflation over the long term.
Truoble is if you have cash in the bank you are actually losing money when you take inflation into account. This has been the case for years and likely will continue for years to come.
Interest rates will rise mate there not gonna stay this low forever and compound interest can make a massive difference to savings over a long period of time....
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If the worst comes to the worst Daz just get a chair and a rope m8,the way things have been going this last few years with the world tbh thinking what you’re gonna do in 20-25 years ain’t really worth worrying about, there’s no pockets on a shroud St Peter let’s all in if they’ve been good not just the rich ones.
The thing is nigel if you can comfortably put away money every month and still go on nice holidays every year and have all the material things you want then you d be foolish not to plan for the future.....
Lots of people are living longer and more fuller lives than ever before....not all of us will be knackered by the time we reach 70!
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No I agree Daz but when they sell these pension plans they don’t ever intend to have to pay them all out in full,you know the reason why a lot of people don’t live long enough.
Some bookies work at the track some work in the office and the bookie rarely gets it wrong.
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And also it depends what you call a good holiday or break,a few nights in London or Alton towers in a treehouse for 3 bags. You try finding a good 1 in the Maldives just been looking unless you spend 14 k you might as well have a week in Camber.
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I should have around £250k by the time I'm 70 which is not a bad little nest egg….
It could be a lot more than that Daz if only you invested it somewhere that will be beating inflation over the long term.
Truoble is if you have cash in the bank you are actually losing money when you take inflation into account. This has been the case for years and likely will continue for years to come.
Interest rates will rise mate there not gonna stay this low forever and compound interest can make a massive difference to savings over a long period of time....
It’ll be a very long time yet before interest rates are higher than the rate of inflation Daz, until then you’re money in the bank is worth less and less each and every year.
It’s exactly the same concept that happens when you don’t put your customers price up. It’s now worth less.
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And also it depends what you call a good holiday or break,a few nights in London or Alton towers in a treehouse for 3 bags. You try finding a good 1 in the Maldives just been looking unless you spend 14 k you might as well have a week in Camber.
You do spout some rubbish we regularly go to the Maldives diving have done so for 15 years at the moment you can get trips including flights , accommodation and full board with all diving for £1,500-1850 for 7-12 nights .
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I wonder what the powers that be have got planned for the headlines tomorrow morning,another headline that’ll frighten people back in to their beds.
Just like that fuel panic buying a few months ago they print and talk about it we like sheep rush out to fill up our cars and vans,just so they can check to see whether we are still towing the line you need a pension you’ll live till you’re 90 don’t believe everything you read and hear either way they’ll get it back inheritance tax care home fees etc,you need to be very wealthy or P**s poor in the UK if you’re in the middle you pay for everyone else.
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Mate you ain’t going anywhere in the Maldives for that unless you’re living with the locals trust me been looking for 3-4 days now,the flights are 5.
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And also it depends what you call a good holiday or break,a few nights in London or Alton towers in a treehouse for 3 bags. You try finding a good 1 in the Maldives just been looking unless you spend 14 k you might as well have a week in Camber.
You talk some twaddle nigel!I booked 10 days in the Maldives for £6500 for late Oct this year for me and the missus....a room with private pool,all inclusive too with speedboat transfer from airport!that's a flight to dubai then another flight to velana airport
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And also it depends what you call a good holiday or break,a few nights in London or Alton towers in a treehouse for 3 bags. You try finding a good 1 in the Maldives just been looking unless you spend 14 k you might as well have a week in Camber.
You talk some twaddle nigel!I booked 10 days in the Maldives for £6500 for late Oct this year for me and the missus....a room with private pool,all inclusive too with speedboat transfer from airport!that's a flight to dubai then another flight to velana airport
Got a link Daz?
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Mate you ain’t going anywhere in the Maldives for that unless you’re living with the locals trust me been looking for 3-4 days now,the flights are 5.
As per normal you are talking total rubbish we have been going 2-4 times a year to the Maldives for the last 15 years or so I think I know what Ime talking about as an example see below . It’s just a case of knowing ware to look and who to book with 😂😂😂😂(http://www.cleanitup.co.uk/smf/1641337435_D1407F6F-0684-47FC-830A-569AFFA2AB7E.png)
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And also it depends what you call a good holiday or break,a few nights in London or Alton towers in a treehouse for 3 bags. You try finding a good 1 in the Maldives just been looking unless you spend 14 k you might as well have a week in Camber.
You talk some twaddle nigel!I booked 10 days in the Maldives for £6500 for late Oct this year for me and the missus....a room with private pool,all inclusive too with speedboat transfer from airport!that's a flight to dubai then another flight to velana airport
Exactly we regularly go to Dubai with emirates business class then out to male with the same airline , then taxi plane to karadoo 14 night s full board and all diving for less than 2 .5 k per person .
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dear o dear o dear ;D
really NWH ? who gives a turd ?
I quite like the mountains behind my house ;D
millions visit every year ;D
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21st December-27-28th
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Splash you may have been going that often m8 have you been over Christmas.
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Banyan beach front with pool upper out on a night flight premium back on a day flight,quoted 14k over Christmas and it’s not the best one we’ve looked at.
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James having millions of people in your back yard every year is not great then is it.
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There’s another interesting thread hijacked and ruined by the forum idiot.
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Thanks for all the comments. Given me lots to think about. I guess it's the stress and the bullpoop.
Someone asked how old I am. Almost 43 in pretty good shape. Always made sure I exercise and eat properly. The poles are so light nowadays. I remember using ionics fibre glass poles back in the day and being knackered at the end of the day. Time carbon ones became cheap enough, the job was a breeze.
i would say that the days i could do when i was 35 are very different to what i feel like doing at 45
i'm just startgin retraingin to go back into the public sector interestingly.
although i plan to keep my WC cleaning business and grow it still
i'll probably end up part time in both.
is that an option for you?
also have you considered working as a supply teacher to bridge the gap between jobs?
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Don’t know why your complaining Nigel - your rich wife is obviously paying :P
Clearly those that “do” know the real costs - those that don’t (like you) don’t have the first clue about anything - only what some geezer has told you - who is the real mug in this senario ?
Darran
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The only benefit from staying in teaching is 1. Decent pension, well above private sector. Big bonus.
2. Security.
3. Liking the job 70% of the time. Not many people can say they love it 100% time.
Downside.
1. Stress
2. Lack of respect from pupils in some sercumstances.
3. Hours.
4. It's hard work.
You need to way up everything before changing.
I have always had the philosophy that if you are stressed out and not happy then change tack.
Maybe look at another job in the same sector or another job in the public sector.
If this does not fit then do what you think will give you security and happiness....like going back to the glass ;D
All the best in your decision.
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Warning NWH.
I've removed your posts of today from this thread. A repeat by you will earn you a long stay, not in the Maldives but on the naughty step.
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Ok I can see that although I don’t quite understand why,I can also see that the derogatory comments towards me from others have been left as they have been in the past.
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Thinking of returning to window cleaning after over ten years away from it. For very misguided reasons, I sold my round turning over a very decent amount in 2011 to become a teacher.Been nearly broke ever since. After ten years at it, top of the pay grade - I can only go up by becoming a deputy head- I take home about 500 quid less a month than I did in 2011.
What's changed? I was wfp since 2005. Slx poles just came out and I had an l5 gas heater which I never used because it was a pain in the arse.
Any advice for jumping back in?
Yes beware of this Forum!!
Just a reminder of where we started "Thinking of returning to window cleaning "
Typical CIU, look where we've ended up. ;D
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Ok I can see that although I don’t quite understand why,I can also see that the derogatory comments towards me from others have been left as they have been in the past.
Because the OP asked for some advice (which thankfully has been forthcoming) despite you clogging up the thread with nonsense and ill informed opinion, as is your wont.
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Thinking of returning to window cleaning after over ten years away from it. For very misguided reasons, I sold my round turning over a very decent amount in 2011 to become a teacher.Been nearly broke ever since. After ten years at it, top of the pay grade - I can only go up by becoming a deputy head- I take home about 500 quid less a month than I did in 2011.
What's changed? I was wfp since 2005. Slx poles just came out and I had an l5 gas heater which I never used because it was a pain in the arse.
Any advice for jumping back in?
Yes beware of this Forum!!
Just a reminder of where we started "Thinking of returning to window cleaning "
Typical CIU, look where we've ended up. ;D
That'll teach him.
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Ok I can see that although I don’t quite understand why,I can also see that the derogatory comments towards me from others have been left as they have been in the past.
Because the OP asked for some advice (which thankfully has been forthcoming) despite you clogging up the thread with nonsense and ill informed opinion, as is your wont.
I have commented as have others I have replied to a post and others have also done the same,I was banned last time for a month for nothing KS even mentioned that it was a bit strong that I should be banned.
I get snide comments post after post yet nothing gets said,bit strange really if you read back through certain threads my replies are no different to others.
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Ok I can see that although I don’t quite understand why,I can also see that the derogatory comments towards me from others have been left as they have been in the past.
I know I’m probably in the minority but I agree with you.
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Splash you may have been going that often m8 have you been over Christmas.
Yes we have several times we always pay between £1500 and 2500 per person no matter what time of year . You don’t have to spend mega bucks to go there , we always fly with emirates as well and usually business class , if you want to stay in the Hilton then yes you will pay far more but having stayed in that type of place many times before the extra cost is not justified you are just paying for the name .
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Ok I can see that although I don’t quite understand why,I can also see that the derogatory comments towards me from others have been left as they have been in the past.
serious question ? NWH , do you have ADHD ? I mean no offence by this , but it seems you may have by the way you have an inability to interact with out confrontation ?
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Ok I can see that although I don’t quite understand why,I can also see that the derogatory comments towards me from others have been left as they have been in the past.
serious question ? NWH , do you have ADHD ? I mean no offence by this , but it seems you may have by the way you have an inability to interact with out confrontation ?
Is that ADHD, James?
I can see the attention bit but I'm not sure about the confrontation. I don't think Nige is that confrontational really. He takes most of the stick directed at him quite well. It might even play into his hands.
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Ok I can see that although I don’t quite understand why,I can also see that the derogatory comments towards me from others have been left as they have been in the past.
I know I’m probably in the minority but I agree with you.
However, I don't have the time or inclination to wade through looking at every post and so I tend to act when reports are made; and when one poster is at the centre of controversy time after time then sometimes that poster gets dealt with.
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Ok I can see that although I don’t quite understand why,I can also see that the derogatory comments towards me from others have been left as they have been in the past.
serious question ? NWH , do you have ADHD ? I mean no offence by this , but it seems you may have by the way you have an inability to interact with out confrontation ?
I've got ADHD...
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I’ve got BBC-ITV Sky Netflix what’s this ADHD business can you get better films etc on there 🤣🤣🤣
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Ok I can see that although I don’t quite understand why,I can also see that the derogatory comments towards me from others have been left as they have been in the past.
serious question ? NWH , do you have ADHD ? I mean no offence by this , but it seems you may have by the way you have an inability to interact with out confrontation ?
I've got ADHD...
My daughter is trying to get a diadnoses. she thinks its ADHD, or borderline personality disorder.
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Ok I can see that although I don’t quite understand why,I can also see that the derogatory comments towards me from others have been left as they have been in the past.
serious question ? NWH , do you have ADHD ? I mean no offence by this , but it seems you may have by the way you have an inability to interact with out confrontation ?
I've got ADHD...
My daughter is trying to get a diadnoses. she thinks its ADHD, or borderline personality disorder.
NHW has definitely got that but is in denial 😂😂
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Like most threads I have been following this one (Returning to the glass) but once again it appears to have been hijacked and completely gone off the topic.
This seems to be happening a lot lately, WHY?
Can we not get back to the OP and give some sound advice rather than clogging it up with nonsense ?
Just my views for what it's worth
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Ok I can see that although I don’t quite understand why,I can also see that the derogatory comments towards me from others have been left as they have been in the past.
serious question ? NWH , do you have ADHD ? I mean no offence by this , but it seems you may have by the way you have an inability to interact with out confrontation ?
I've got ADHD...
How do you manage it, Richard?
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Ok I can see that although I don’t quite understand why,I can also see that the derogatory comments towards me from others have been left as they have been in the past.
serious question ? NWH , do you have ADHD ? I mean no offence by this , but it seems you may have by the way you have an inability to interact with out confrontation ?
I've got ADHD...
My daughter is trying to get a diadnoses. she thinks its ADHD, or borderline personality disorder.
My son has it. It can be very challenging. I think he also has other things go on.
How old is she, James?
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Ok I can see that although I don’t quite understand why,I can also see that the derogatory comments towards me from others have been left as they have been in the past.
serious question ? NWH , do you have ADHD ? I mean no offence by this , but it seems you may have by the way you have an inability to interact with out confrontation ?
I've got ADHD...
My daughter is trying to get a diadnoses. she thinks its ADHD, or borderline personality disorder.
My son has it. It can be very challenging. I think he also has other things go on.
How old is she, James?
she is 21. we have known something isn't right since she was a child.
she does things on impulse, without giving time to think things through. when she gets an idea in her head, there is just no reasoning with her.
this often results in here making bad decisions .
she also changes her mind like the wind, so she will never see things through.
she also is constantly losing things , and visits the doctor literally every other week, but she just cant help it.
she loses a lot of her freindships because of all these issues .
It is extremely exhausting being a father to her
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I can relate to a lot of that, James.
My son did the Cube test and the thing he tested highest on was impulsivity. He does things but can't explain why.
And he also loses loads of things.
We had a diagnosis when he was fairly young and my Missus is brilliant with it all. She'll do anything to give him a better chance of getting on. She's much better than me with it all though I don't think he has it as badly as many other children. So far.
Good luck with it, James, and if you ever fancy a chat pop over to the Tosh section.
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Topic locked. If you want to discuss ADHD start another thread in the non cleaning related section.
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I’ve got BBC-ITV Sky Netflix what’s this ADHD business can you get better films etc on there 🤣🤣🤣
So the OP asks advice. The thread gets hijacked. You get warned. You ignore the warning...