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Originally posted by J da Silva

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Originally posted by Paul_J

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Originally posted by J da Silva

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Originally posted by Paul_J

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Originally posted by J da Silva
Well in my case I did everything in life earlier than most people expect you to, I bought at 18 as I have a big family and although my parents have a nice spacey pad, I had no peace and quiet.

I've had a few homes since I left home 9 years ago, some I've kept and rented out, but I'm happy in my current place and don't intend to move anymore as I have my own little family now and the business is thriving.

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How did you afford to buy a place at 18?

I couldn't even afford to insure my corsa when I was 18

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I had the right advice at a young age, even when I was 13 on my milk round I valued my money.
I suppose the big part of it was seeing my parents have the high life if you want to call it that and I wanted it, so I set about going down a career path where I could afford things and be secure in my life.

My first car was a corsa and I still buy second, third hand cars now.

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Didn't really answer the question there, unless you're either saying that you bought your house at 18 with milk round money, or that you're 'high life' parents gave you some money?

This is in no way intended to be aimed at you / cosmo, but I do think generally in life, it's easier to make money when you have money.

What I mean by this is, if you have money to fall back on you can take more risks in life, to get more places. If you have money behind you (e.g. parents) they can maybe seed you money for a new business idea, rather than you have to work your way onto having enough money / taking a crippling loan to try it out (and once again, risk if it fails).

I decided to try to pick a career path that paid well, and have achieved it. Software Development is a fairly good trade, wages generally range from 25-35k starting, 35-60k normal and 60-90k for top senior positions in london, plus the chance to develop your own product / company off of the trade.

The problem is, this path meant having to be in education solidly, GCSE's, A-Levels, Degree... I have achieved the best at every level and am now on the career path. However, I don't see myself earning and renting, being able to afford a house any time soon. Also I'd love to try some business ideas / start my own company at some point (probably bootstrap it while I work), but I can't afford the basic minimal costs for start up / risk of it all going tits up in the current financial situation. Therefore, I'll have to wait on both accounts.

I too have only ever bought things 2nd hand, cars / mods / laptops etc... but it doesn't mean that I was able to afford a house at 18.

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At 18 I had a bit saved up as at 16 years of age I went straight into work, but I went into a specialist trade (fireprotection) there isn't many people good at it and the ones who undercut don't really get very far, certainly not far enough to affect my workload anyway, so at 18 years old I had a fair bit behind me in order to move out and in 2001 it wasn't that hard getting on the ladder anyway, housing was booming, so was the building trade etc... plus the prices were a lot lower than 2010 prices.

My first house was a 2 bedroomed semi, in a fairly nice area with lots of land, it was only 56k back then and I still own it (renting it out to my brothers ex) before I extended the place to a 4 bedroomed house with converted loft room it was valued at 115k so prices had doubled in 2008, and now it's been made into a 4 bedroom/loftspace conversion I wouldn't be able to put a value on it.

My parents were quite strict on what they gave us in terms of finance and gifts, because they didn't want us not knowing the value of money and basically I made my own destiny, without their aid, the only aid they gave me really was advice, which looking back now was worth more than money itself.

My mortgage payments per month on my first home were only something like £190 and I was earning stupid money from travelling to other countries doing my job, which their own natives didn't specialise in.

I was single, had no commitments and I couldn't drink that much on a night out so rarely blew my money on booze etc... I was able to just haud my money pay big chunks of the mortgage off (which is why I took the lowest payments possible).

I think it's way too hard nowadays to do it my way, I admit that if I'd tried to do the same in recent times I'd probably struggle, but back then it was a piece of piss to get started.

I hope that answers it for you Paul.

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Originally posted by J da Silva
I am a closet homosexual

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Originally posted by AndyKent
Faye_2003

Status: Premium Member
Last Active: Sunday 2nd January 2011 at 04:17 PM

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Username: J da Silva
Registered: Thursday 10th April 2003
Status: Member
Last Active: Friday 24th December 2010 at 104 PM

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Originally posted by Paul_J

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Originally posted by AndyKent
Faye_2003

Status: Premium Member
Last Active: Sunday 2nd January 2011 at 04:17 PM

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So he still wanders the forum

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Username: J da Silva
Registered: Thursday 10th April 2003
Status: Member
Last Active: Friday 24th December 2010 at 104 PM

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Bored on christmas eve with no REAL family or friends?

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