 How is money made? (literally)? |
honesty is there a machine or something that creates the money and it's like a factory where people work?
Why don't they just get the machine to make money for the poor?
... |
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 How am i meant to survive? |
| i work 15 hour days at two jobs (+2 hours of commuting), i have not been paid in a month, my gas has been cut off. i have no food, no money, no sleep and no heating or hot water. its the middle of ... |
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 I need to earn money fast? |
| I need to earn 300 dollars in less than 6 days because we are going on a vacation. Right now, I cant rake leaves or shovel snow. Also, I cant mow lawns because i dont have a lawnmower, and gas is way ... |
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 How can i get my hard earned money from my boyfriend? |
| due to some identification problems i've had to have my monthly wages paid into my boyfriends bank account which was fine at first but now he's stiffed me by not giving me my money when i ... |
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 How do I save my money without spending it? |
| i Want to save some money but what do i do when i get an urge to spend it???... |
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 I get my check on 11/26 but it is dated for 11/28 is it possible to get it cashed? |
| Here's the situation. I don't have a checking account I would rather pay the fee that the bank charges to cash my check rather than pay over draft fees(I am bad with money) But i get my ... |
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 What would you do if a co-worker owed you money and they won't pay? |
Say you have asked them already repeadly times and everytime they make up an excuse. How can I get them to pay up? Any suggestions?
Additional Details
Lets say it's less than 100 ... |
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 Help! Advice on bank charges....? |
| I have just been to see my bank (RBS) to ask about claiming back on the charges i have incurred for direct debits that made me overdrawn. They said they are perfectly within their rights to charge me ... |
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 How much should I be asking for? |
| I work full time for a real estate company in CA. I make 10.50 an hour doing administrative duties. I make okay money for being right out of high school. I graduated last year. However, I need to ... |
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 How do YOU save? |
I'm wondering what works best for you (and/or your family) when it comes to saving money.
My husband and I just had a newborn, and we've always been alright at saving. Now that ... |
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 What options do i have if i cant meet mortgage repayments? |
| mortgage repayments are costing me 50% of my wages, then theres the domestics like water and council tax and thats before food travel expense etc...whats the procedure to pack in my house with ... |
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 Make Money REALLY FAST?? |
| OK so i am 17 and i live on my own and me and my roommate are broke right now we have $3 and no food. Is there anyway we can make money in a few hours? We are both 17 and female and no one should say ... |
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 How to make money!? help!!? |
| Im 14 and looking for a way to make money. I have tried babysitting, cooking and all of the obv ious things but i wondered if anyone had any more unusual ideas that they know have worked for them ... |
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 What are the chances of losing my car in a bankruptcy? |
| I dated a guy for 3 years that destroyed me financially (yeah--I know...stupid). Anyway--I'm trying to put my life back together again, and I'm going to file bankruptcy because I cannot get ... |
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helenwood79 | When should you start saving for retirement? I am 28 in the UK.? |
Is it sensible to start saving money for retirement when you need all the money you can lay your hands on to live your life now! Surely if you invest your money in something that you can use during your life, then use the equity for retirement, that is better than having a pension? |
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Ian W
|
There's two types of retiree, the poverty stricken type and those who had the nouse while working to really bite the bullet and save. I for one want a good reitirement so I save every penny I can.
In investment terms there's no such thing as a surefire investment. Housing works on a roughly 50 year cycle on prices and Gold rises and falls over time etc.
In terms of the amount of savings, most people are going to retire with far too little as they don't understand the mechanics of living off one's savings. By the time you factor in taxation, inflation (based on average figures), etc you actually require about double the amount you think to live off the money for a long period of time.
For example, suppose you project you need 100,000 pounds a year to live on in 2040. In order to preserve that income stream over 20 years or more you'll require a base income of around 200,000 pounds a year. Based on 10% inflation that's a 2 million quid super fund. or 4 million if based on 5% inflation.
What this means is putting away somewhere between 20 and 40% of your nett income each year in super annuation or other retirement plans. That means a modest life for most people.
When to start saving, the day you start work is a good time and try to save 20% and put at least 20% in to your super fund.
Is it do-able? Yes it is! |
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dinwo
 |
Earlier the better |
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oh deary me
 |
It is never too early, even if it just a couple of quid a week until you can afford more. |
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spook542
 |
The sooner the better and cheaper it will be.
I know it's difficult when you have all sorts of other stuff to pay for. You can just about guarantee that by the time anyone currently below the age of 40 reaches retirement they will not be getting a state pension.
Look at it this way - do you want your retirement one that means you just sit in your home waiting for God, afraid to turn the heating on because you can't afford it. Or do you want to enjoy yourself and do all the stuff you didn't have time for when you were working.
If it's the latter start saving now! The earlier you start the less it will cost you on a month by month basis. |
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ezekiel
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Save as much now as you can, then when you retire you will be taxed to the hilt on it, while those who save sweet FA live the life of riley. Taking all they can out of society, after put nothing or next to nothing back in. |
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Jo W
 |
Lots of good, free advice at the independent, grant-aided body th Pensions Advisory Service:
http://www.pensionsadvisoryservice.org.uk/
There's an excellent chapter entitled 'Why Save?' in a book published last year (Money and Work - as Essential Guide, by Wyn Derbyshire etc, published by Spiramus at £14.9, ISBN 978-1904905-48-6) which might also be helpful. |
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sophisticated
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I'd say: when you can afford it.
I guess you have started thinking about it already so you should begin putting funds aside for later in you life - if you can afford it. |
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old know all
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10 years ago.
Over your lifetime, most of the money coming in is what you earn. Don't rely on inheritances - they plan to spend it all before they die. Somehow, you have to respread this money so you've got:
1) Somewhere to live
2) Enough to pay the bills before and after retriement
If you're spending all your money now, you're living beyond your means and you will have a miserable retirement. |
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Paddy
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Its all a gamble |
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Choper9348
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Dear never and never think about tomorrow, always think about today, it is because no one knows what will happen tomorrow. Only Almighty knows it. |
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malbakir
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If you have not started saving any of your money for your golden days it is okay, but you should start ASAP. Many of us don't realize that we can save but cutting extra junk out like Star Bucks and stuff like that. Well this is what I recommend that you do to get started Cut back on extras and brown bag your lunch as much as possible, instead of going to the Pub have you and all your friends host Pub night at your flats and then just go out dancing some place where there is no cover. Start saving maybe 10-20 quid ever week from your pay check and put it in a savings account, then once a month transfer that balance to a High Yield account you will begin to see how quickly it grows also if you can save another 10% from you pay check pre tax in your companies 401K savings plan and do it pre tax and you wont miss the money. |
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Vinodellen
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yes u save money for retirement but in that time the value of money is reduesd. ur age is just 28 u live long life therefore some money is used in multi level marketing business it is the very powerfull vehicle in the world u earned lot of money as per ur dreem.if u want known these type of business details mail me.my mail address
vinod.agrawal63@yahoo.com |
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Paul A
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You need to know all the questions to ask and find someone experienced and knowledgeable to help you. You need to think in terms of 'financing' your retirement. Talk to someone who has already done it successfully and knows the pitfalls - there are hundreds of pitfalls. It is far more difficult than most people imagine and 'financial advisors' have an axe to grind. You have already started too late to take maximum advantage of the early possibilities which involve tax-free compound interest funds and don't forget that any Government can change the rules in their favour when you are well committed. No one can do much for you in this limited space. |
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Aries
 |
You should have started saving about 20% of your pocket money when you were a wee child! |
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jiltedjohn71
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Live for the day and let tomorrow take care of itself. |
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J S
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The earlier the better! |
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Thin Kaboudit
 |
Yesterday.
You need to adjust your view of where you are, you do not "need all the money you can lay your hands on to live your life now", you are just too lazy to budget! Think about it, if your boss came to you tomorrow and said "Times at Mill is hard, lad, we'll have to fire you all or give you a ten quid a week pay-cut..." you would likely take the paycut over being on the dole and going to the JobCentre all the time...
If you give YOURSELF a ten quid a week paycut, and invest it in a mutual fund yielding 10-12% a year (long-term average), you will have a million pounds or so CASH by age 68
Or you can be the average Brit and expect the government to look after you... |
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