Hard times

The Ex-Gasman said:
That's not great money if it's your business and you have to pay for equipment. Most trades are on about £200 a day as self employed, but that has to cover traveling, tools, holiday pay, registration fees and these days most trades have to re qualify every 5 years. Leaving most with average earnings.
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When we ran a small family garage we as to earn £300 a day , but, we had breakdown van , we had a fixed garage and yard, our rates back in 2005 were £ 958 per month,yes per month, mortgage £1600 per month for 5 year's we got 20percent tax relief on interest on mortgage after 5 year's we got taxed as income on mortgage, so don't tell me you can't survive on £200 a day as a builder plus profit on materials
 
Things are rarely a black or white situation. Many may think they are in a period of economic down turn yet for others it can be a time of plenty, often down to luck rather than shrewd judgement. I was lucky in the seventies, the helicopter company I worked for packed me off to the North Sea during the building of the rigs, got double pay and was happy and being young did not not understand the risks. I wanted a new motorbike, tried to get a loan,, the Bank Manager said I was just spending my money as fast as I got it. He gave me the loan on the condition that I set up a savings scheme which I did. A year later he called me in and pointed to my savings saying it was enough for a deposit on a small house. This was period of economic stress, the government put limits on how much a Building Society could pay out, an Estate Agent told me of a scheme whereby local councils could authorise more for folk who needed help. I applied and got the money even though I was a single man working on an oil rig, seems as I lived in the New Forest very few 'poor' folk applied. I bought a house and continued on the rigs, I gained my full qualifications as an engineer which was lucky as the interest rate went up to 15%. My promotion gave me more money than the extra interest cost. By then I was less interested in travelling so far to work and took a land based helicopter job. A year later the Piper Alpha blew up, I used to work on it's sister rig, the Claymore, about 12 away from the doomed rig. Occasionaly I had visited the Piper Alpha. My luck had continued.
 
68c said:
Things are rarely a black or white situation. Many may think they are in a period of economic down turn yet for others it can be a time of plenty, often down to luck rather than shrewd judgement. I was lucky in the seventies, the helicopter company I worked for packed me off to the North Sea during the building of the rigs, got double pay and was happy and being young did not not understand the risks. I wanted a new motorbike, tried to get a loan,, the Bank Manager said I was just spending my money as fast as I got it. He gave me the loan on the condition that I set up a savings scheme which I did. A year later he called me in and pointed to my savings saying it was enough for a deposit on a small house. This was period of economic stress, the government put limits on how much a Building Society could pay out, an Estate Agent told me of a scheme whereby local councils could authorise more for folk who needed help. I applied and got the money even though I was a single man working on an oil rig, seems as I lived in the New Forest very few 'poor' folk applied. I bought a house and continued on the rigs, I gained my full qualifications as an engineer which was lucky as the interest rate went up to 15%. My promotion gave me more money than the extra interest cost. By then I was less interested in travelling so far to work and took a land based helicopter job. A year later the Piper Alpha blew up, I used to work on it's sister rig, the Claymore, about 12 away from the doomed rig. Occasionaly I had visited the Piper Alpha. My luck had continued.
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Not much incentive for savers these days with interest rates the way they are.

We are also encouraged to spend to boost the economy.

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chaser said:
Here you go , fill yer boots, hard times :doh: :doh:
www.dailymail.co.uk

Rishi Sunak is 'set to extend furlough until March'

Chancellor Rishi Sunak admitted that the recovery had 'slowed' and businesses now faced heightened 'uncertainty' in a statement to the Commons.
www.dailymail.co.uk www.dailymail.co.uk
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Frightening read, hope they have planted another of those magic money trees.

Yet the motorhome industry is absolutely booming, so strange.
 
CazPaul said:
Frightening read, hope they have planted another of those magic money trees.

Yet the motorhome industry is absolutely booming, so strange.
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Yeah agree, hadn't read it all through, self employed are getting even more now and it looks as if they have only got to show 4 months takings.
 
Can't see many pubs opening just yet if they are baseing the payout on their busiest period.
 
CazPaul said:
Frightening read, hope they have planted another of those magic money trees.

Yet the motorhome industry is absolutely booming, so strange.
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Everything is booming round here mate, never had it so good springs to mind, get the furlough and a part time job ,which is allowed , going to be made for life if they look after it.

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CazPaul said:
It's strange isn't it, sold his motorhome due to financial problem but just look at the motorhome market, why is it then if it's so bad that some dealers have hardly any stock left then and most will report record breaking years?
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Interesting comment on the stock situation. We drove home from the New Forest to South Devon yesterday having had the camp site closed on us. We passed quite a few dealer sites on the way and every one seemed to be stuffed full of motorhomes, PVC's and caravans. Are you sure the dealers aren't telling little pokies for whatever reason, even if it's just to try to promote sales? Same story with house sales but there's more to be gained there with the saving on stamp duty. It will be interesting to see how many of the "sales" are actually completed.
 
CazPaul said:
It's strange isn't it, sold his motorhome due to financial problem but just look at the motorhome market, why is it then if it's so bad that some dealers have hardly any stock left then and most will report record breaking years?
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This chinese flu 19 has hit hard but with differing circumstances, such the MoHo dealers selling out but many unlucky hard working people out of work. Let's hope for a good working jab in the arm.
 
The poverty mongers have gone quiet, all filling their claims in?
 
chaser said:
The poverty mongers have gone quiet, all filling their claims in?
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chaser said:
The poverty mongers have gone quiet, all filling their claims in?
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I certainly will be, I've got a farmer friend who will help me fill the forms in. He tells me he like most other farmers are used to filling in forms to get free money they are entitled to.
 
Eggs said:
I certainly will be, I've got a farmer friend who will help me fill the forms in. He tells me he like most other farmers are used to filling in forms to get free money they are entitled to.
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Good man (y) (y):giggle:

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The Ex-Gasman said:
My pension is in bonds so inflation will take a big slice of it gets too high, that is a bigger worry than the virus for me.
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Can I suggest you move a portion out of bonds , it’s not good investment practice to have all your eggs in one basket. Bonds will not give you both inflation proofing or growth for future withdrawals. A diverse portfolio is the answer to short term ups and downs of the markets, and as I am going when you are drawing from pension you may be doing so for 30 or 40 yrs, so why worry what’s happening over 1 or 2 yrs. if you don’t have an adviser can I suggest you consider looking at an investment group like Liontrust or Vanguard who offer great diverse portfolio funds.
 
Eggs said:
The money all comes out of the same pot, if you've been locked down or clients have cancelled jobs the for mentioned digger may have sat not turning a track for 6 months but still needs paying for.
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Matr has over 60 diggers another 100 dumpers and other plant.
He had a bit of a flat spot for a week or so on the first lockdown, yards have been empty since.
Been having new plant delivered nearly every week.
 
chaser said:
Good man (y) (y):giggle:
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Funny isn't it, you never hear farmers complain about getting tax payers money year in year out, but they are quick to jump on other businesses that do the same thing only in times of a pandemic.
 
chaser said:
I have a 20 year old grandson on zero hours at KFC, he runs a nearly new BMW :unsure:
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I know of a couple of guys delivering KFC and others and supplement that income delivering weed at the same time

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Eggs said:
Funny isn't it, you never hear farmers complain about getting tax payers money year in year out, but they are quick to jump on other businesses that do the same thing only in times of a pandemic.
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Not me jumping on anyone for having the grants, what I can't stand is folks having it and then pleading poverty.
And I could argue all day that it is the consumers that have the farmers grants in cheaper food but afraid it would fall on deaf ears. :doh:
 
Silver-Fox said:
Can you point me in the direction of this £350 a day work please😳
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When I used to work at a electrical wholesalers we had electricians who would argue for an hour on a penny off a socket but then would have Fridays off to go playing golf because four days was all they needed.
No thoughts of making it while they could in case of bad times :doh: :(
 
People need a work-life balance. When I was a beach photographer I worked 13 1/2 days every 2 weeks. As a younger service engineer I worked 5 1/2 days a week, as I got older I worked every other Saturday morning, then just 5 days a week. Before I retired I went to 3 days a week.
people have to balance the need for money with the time to enjoy it.
 

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