Work harder, get a better car, bigger house blah blah blah

Work harder, get a better car, bigger house blah blah blah

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Discussion

rufusgti

2,530 posts

193 months

Friday 30th January 2015
quotequote all
Interesting topic.

I've just finished reading the book "Rich Dad, Poor Dad". For anyone interested in bettering their finances and making decisions on work/ salaries/spending and investing I would really recommend it.

The gist if the book is the difference between the rich and the poors relationship with money. And showing how anyone can move from being poor to rich. It works on some very simple processes. I found it fascinating.

If you want financial freedom, keep your spending on luxuries to a low and build up assets in the form of investments. Hopefully one day you can leave your day job and be supported by the investments. It helps hugely if you start young I guess.

andy_s

19,404 posts

260 months

Friday 30th January 2015
quotequote all

Arrive at the office, spot on time,
The clock on the wall hasn't yet struck nine,
'Good Morning Smithers Jones'
'The boss wants to see you alone'
'I hope its the promotion you've been looking for'


'Come in Smithers old boy'
'Take a seat, take the weight off your feet'
'I've some news to tell you'
'There's no longer a position for you' -
'Sorry Smithers Jones'.

Put on the kettle and make some tea
It's all a part of feeling groovie
Put on your slippers turn on the TV
It's all a part of feeling groovie
It's time to relax, now you've worked your arse off
But the only one smilin' is the sun tanned boss
Work and work and work and work till you die
There's plenty more fish in the sea to fry

smile

Oldred_V8S

3,715 posts

239 months

Friday 30th January 2015
quotequote all
ILoveMondeo said:
I work my tits off, 70-80 hour weeks.

I want a better house, better car, but above all I want SECURITY for me and my family. When the st hits the fan I want to be able to easily absorb the financial hit that will probably come with it, loss of employment, boiler needs replacing, sickness prevents work, sons university fees, roof caves in, whatever really.

We could live quite happily on lower paid jobs (the GF works very hard too) with less hours, and stress. But who will pick up the pieces when one of us cannot work? or we want to retire? or we need care in our old age?

I do get a bit irked when people are happy with their little lifestyle jobs, but expect the state to pick up the pieces when something goes wrong, or wipe their arse for them in their old age and provide them housing for life, etc. That's supposed to be there for people who CANNOT earn / do more, not those that can't be arsed.

The hours I work are an extreme, I wouldn't expect many to do that, or to work "smarter" and produce more in less hours, but I regularly come across true nine-to-fivers, 5:01pm the chair is spinning and the door swinging as they leg it to the car park. Bare minimum is all that's needed.

Not doing your best, working your hardest, maximising your potential, being everything you can be, is just lazy and an affront to the many many hard workers out there you will foot the bill for your old age, illness, kids schooling, etc.
ILM

Ask your kids what they would prefer, I bet if you were really thinking of them you would not be working the hours you do. A guy at work put in those sort of hours, his 5 year old Son came to him and said he wanted his fun Daddy back, the following day he handed in his resignation.

I recall kissing my Son goodbye during his 9th birthday party as I had to get to the airport for a 6 week trip to the States. This still eats at me today, nearly 20 years later. You can't get those precious times back.

I'm sure you could get security without working those sort of hours.

I've never heard anyone say of their father, you know he was a great Dad, he worked all the hours God sent. They remember the good times, not necessarily brought about by hard cash but time spent in his company, I know my own kids reminiscences are of times we have spent together, often doing the most mundane things.

Don't leave it too late.

WestyCarl

3,265 posts

126 months

Friday 30th January 2015
quotequote all
Oldred_V8S said:
ILM

Ask your kids what they would prefer, I bet if you were really thinking of them you would not be working the hours you do. A guy at work put in those sort of hours, his 5 year old Son came to him and said he wanted his fun Daddy back, the following day he handed in his resignation.

I recall kissing my Son goodbye during his 9th birthday party as I had to get to the airport for a 6 week trip to the States. This still eats at me today, nearly 20 years later. You can't get those precious times back.

I'm sure you could get security without working those sort of hours.

I've never heard anyone say of their father, you know he was a great Dad, he worked all the hours God sent. They remember the good times, not necessarily brought about by hard cash but time spent in his company, I know my own kids reminiscences are of times we have spent together, often doing the most mundane things.

Don't leave it too late.
100% this.

thatdude

2,655 posts

128 months

Friday 30th January 2015
quotequote all
My dad bought a 3 bed semi on his single wage as a mechanic when he was my age

Now, in 2015, me and my wife have a combined income of 60k per year before deductions

And we're finding it difficult to purchase a 2 bed maisonette.

How hard will we have to work to afford a 3 bed semi in the south east, near london?


I think it will kill us. In any case, we're taking a break from trying to find somewhere to live. We'll be considering other areas, which may mean moving further from her family (she likes to be nearer home because of her hearing impairment, nice to have people nearby if I'm out and she's home alone).

Property aside, I'm quite happy with what I earn. I've never earned this much money before, and I can buy what ever it is I need or want and not worry much. I can repair either cars and either motorbikes without worry, and I can afford days out and holidays and even splash out on some expensive meat for a sunday dinner for 2 (lamb last sunday, it was really really lovely)

[edit] went back and read some more...I dont mind working hard; when I['m at work I am on the go from the moment I get in to the moment I leave (even right now, I'm waiting for some analysis and for some other stuff to dissolve in solution). I work 8-4 with a 30 min lunch break, and through the 37.5 hours I get paid for a week I know I do a good job. But I dont care to work much more (sometimes I stay on a bit when I think it'll make the next day easier), because I also want to get home, be with my wife, enjoy the things I've spent my money on, have a nice meal, read some books, watch some TV, play some computer games or whatever. Maintaining a good work0life balance is very important to me, which is why i prefer an early start at work, finish earlier than others do and get home earlier to make the best of my day



Edited by thatdude on Friday 30th January 09:11


Edited by thatdude on Friday 30th January 09:36

Tribal Chestnut

2,997 posts

183 months

Friday 30th January 2015
quotequote all
ILoveMondeo said:
I work my tits off, 70-80 hour weeks.

I want a better house, better car, but above all I want SECURITY for me and my family. When the st hits the fan I want to be able to easily absorb the financial hit that will probably come with it, loss of employment, boiler needs replacing, sickness prevents work, sons university fees, roof caves in, whatever really.

We could live quite happily on lower paid jobs (the GF works very hard too) with less hours, and stress. But who will pick up the pieces when one of us cannot work? or we want to retire? or we need care in our old age?

I do get a bit irked when people are happy with their little lifestyle jobs, but expect the state to pick up the pieces when something goes wrong, or wipe their arse for them in their old age and provide them housing for life, etc. That's supposed to be there for people who CANNOT earn / do more, not those that can't be arsed.

The hours I work are an extreme, I wouldn't expect many to do that, or to work "smarter" and produce more in less hours, but I regularly come across true nine-to-fivers, 5:01pm the chair is spinning and the door swinging as they leg it to the car park. Bare minimum is all that's needed.

Not doing your best, working your hardest, maximising your potential, being everything you can be, is just lazy and an affront to the many many hard workers out there you will foot the bill for your old age, illness, kids schooling, etc.
There's some truth to what you've written, but you've also spouted an awful lot of bks.

Many people could work 80/90/100hrs per week, yet still be in the same financial position as a 9-5er, so to put those hours in would not be virtuous, just really fking stupid.

GroundEffect

13,843 posts

157 months

Friday 30th January 2015
quotequote all
ILoveMondeo said:
Wacky Racer said:
All these people who say "I work 7 days 90 hours a week you know".....I just think "Well mate, you are a mug"
And I think those that don't are a bit lazy. (OK not 90 hours a week, that's nuts)

Goes round in circles really, doesn't make either of us right (other than in our own heads)

I wouldn't say I love my job, it's pretty stressful at times, but then I don't hate it or dislike it either. Lets say I kinda-like it! smile

Working hard gives me a sense of achievement and satisfaction , that bit I love. Feeling like I'm providing security for my family.(and a fking great bonus at the end of the year helps with that a bit too)

Just out of curiosity (and I'm not be facetious here, honest), if you do go for the "work life balance" do you lead a frugal existence so that you can swallow the bitter financial pills that life has a habit of throwing your way, or do you just worry about them if and when they arrive?

I'm not arguing here, each to their own, just curious to discuss others thoughts. see if you can persuade me I'm doing it all wrong... there's a beach hut somewhere with my name on it I'm sure! smile


ETA maybe I'm going off topic anyway, as I'm not on about the bigger house/better car anyway... More pay off mortgage, have plenty of savings, have damn good pension, educate child, give child head start in life, leave legacy for child.




Edited by ILoveMondeo on Thursday 29th January 18:53
Realising that life isn't there for the bottom line of your employer is NOT being lazy. It's all about balance.

You seem a bit paranoid about the whole security thing...what has happened to you in the past that made you work yourself to the bone?

Du1point8

21,612 posts

193 months

Friday 30th January 2015
quotequote all
I think what he is trying to say, but I could be wrong is exactly the same as what my friends and I have been saying to our friend for years.

If you want to get on in the world and up the career ladder, don't just do your basic 9-5, make the boss know you are doing your bit and then some, if not, you will never be noticed and you are just another cog in the machine, doing just enough to not stress yourself much.

His reply is/was that he would get his payrises on the time he was at the company anyway, enjoyed going home at 5pm on the dot, not caring if anyone else was still working (boss included).

Fine we said... stop talking about being fking skint all the time!!

He is and always will be jealous of the fact that the rest of us are on good money... Yet we all came to London on roughly the same salary 7 years ago, yet the rest of the group don't just turn up at 9 and leave at 5pm, we each put time and effort in and it paid off in varying degrees of success, yet he ridicules us and looks on with pity if we need to work a bit later once in a while so will catch up with him later, or we are not drinking one weekend as we are on call... He has even turned down a training course (paid for by the company) due to him needing to work at home (homework) and study for the exam, he said it was not relevant enough for him to put his own time in.

(He works in the same industry as I do, before anyone says its because he doesn't have the opportunity)

MontyC

538 posts

169 months

Friday 30th January 2015
quotequote all
Du1point8 said:
I think what he is trying to say, but I could be wrong is exactly the same as what my friends and I have been saying to our friend for years.

If you want to get on in the world and up the career ladder, don't just do your basic 9-5, make the boss know you are doing your bit and then some, if not, you will never be noticed and you are just another cog in the machine, doing just enough to not stress yourself much.

His reply is/was that he would get his payrises on the time he was at the company anyway, enjoyed going home at 5pm on the dot, not caring if anyone else was still working (boss included).

Fine we said... stop talking about being fking skint all the time!!

He is and always will be jealous of the fact that the rest of us are on good money... Yet we all came to London on roughly the same salary 7 years ago, yet the rest of the group don't just turn up at 9 and leave at 5pm, we each put time and effort in and it paid off in varying degrees of success, yet he ridicules us and looks on with pity if we need to work a bit later once in a while so will catch up with him later, or we are not drinking one weekend as we are on call... He has even turned down a training course (paid for by the company) due to him needing to work at home (homework) and study for the exam, he said it was not relevant enough for him to put his own time in.

(He works in the same industry as I do, before anyone says its because he doesn't have the opportunity)
I work 37.25hrs a week flexi time on a sub 20K wage, the upside I find of working such low hours is it gives me time after work to invest into other avenues such as buying/selling cars or motorbikes which I enjoy.
If I’m honest at work I can be quite lazy as there is no further to travel up the corporate ladder. For me work is a safety net though, which is a bit of a risk still to jump out of.
I’m now 30 with a 3 bed semi mortgage free with some nice cars and no debts, quite content I didn’t take the trou-ble/debts of going through university to obtain a better career.

crankedup

25,764 posts

244 months

Friday 30th January 2015
quotequote all
misterme said:
ILoveMondeo said:
I work my tits off, 70-80 hour weeks.
i'm just saying, no offence intended, but maybe working 70-80 hour weeks could make you ill (quite possibly?), lower your life expectancy etc then was it all worth it?
do you have time to sleep?
Excessive hours, not uncommon when running you're own business at start-up and early years.

Du1point8

21,612 posts

193 months

Friday 30th January 2015
quotequote all
MontyC said:
Du1point8 said:
I think what he is trying to say, but I could be wrong is exactly the same as what my friends and I have been saying to our friend for years.

If you want to get on in the world and up the career ladder, don't just do your basic 9-5, make the boss know you are doing your bit and then some, if not, you will never be noticed and you are just another cog in the machine, doing just enough to not stress yourself much.

His reply is/was that he would get his payrises on the time he was at the company anyway, enjoyed going home at 5pm on the dot, not caring if anyone else was still working (boss included).

Fine we said... stop talking about being fking skint all the time!!

He is and always will be jealous of the fact that the rest of us are on good money... Yet we all came to London on roughly the same salary 7 years ago, yet the rest of the group don't just turn up at 9 and leave at 5pm, we each put time and effort in and it paid off in varying degrees of success, yet he ridicules us and looks on with pity if we need to work a bit later once in a while so will catch up with him later, or we are not drinking one weekend as we are on call... He has even turned down a training course (paid for by the company) due to him needing to work at home (homework) and study for the exam, he said it was not relevant enough for him to put his own time in.

(He works in the same industry as I do, before anyone says its because he doesn't have the opportunity)
I work 37.25hrs a week flexi time on a sub 20K wage, the upside I find of working such low hours is it gives me time after work to invest into other avenues such as buying/selling cars or motorbikes which I enjoy.
If I’m honest at work I can be quite lazy as there is no further to travel up the corporate ladder. For me work is a safety net though, which is a bit of a risk still to jump out of.
I’m now 30 with a 3 bed semi mortgage free with some nice cars and no debts, quite content I didn’t take the trou-ble/debts of going through university to obtain a better career.
Did you work hard at one point to be mortgage free and have nice cars or was that given to you or won?

You must have done something to get no mortgage in Kent and those 3 911s, I would assuming it involved hard work, so therefore you have done what most people want to do, work enough to make themselves relatively well off from the rat race, then kick back somewhere on an easy job and enjoy life.

zygalski

7,759 posts

146 months

Friday 30th January 2015
quotequote all
I'm not certain that working 70+ hours a week for 20 years, barely spending time with the kids whilst they grow up & dying of a heart attack at 55 is the best thing for your family.
There's a balance to be struck & this ain't it.

Bullett

10,889 posts

185 months

Friday 30th January 2015
quotequote all
It was when I realised it was results not hours that mattered, I get paid the same no matter how many hours I work. Some days I can do 12hrs but those are mostly when travelling to see clients and not working flat out for that time. It's knowledge and experience that has it's value. I worked hard when I was younger to gain that knowledge and a good reputation.

My wife is that same, she works for a major corporate. She was a senior person on one of the biggest and most prestigious accounts they had. It was hard work, high pressure and stressful. She left for another account (internal move) now does half the hours, works from home more, no weekends very rare out of hours and gets paid the same money. The old account has chewed up and spit out her replacement inside 6 months and is now being advertised again at a higher grade. She's still not consider going back the extra money isn't worth it.

You don't get appreciated until you are gone.


MontyC

538 posts

169 months

Friday 30th January 2015
quotequote all
Du1point8 said:
MontyC said:
Du1point8 said:
I think what he is trying to say, but I could be wrong is exactly the same as what my friends and I have been saying to our friend for years.

If you want to get on in the world and up the career ladder, don't just do your basic 9-5, make the boss know you are doing your bit and then some, if not, you will never be noticed and you are just another cog in the machine, doing just enough to not stress yourself much.

His reply is/was that he would get his payrises on the time he was at the company anyway, enjoyed going home at 5pm on the dot, not caring if anyone else was still working (boss included).

Fine we said... stop talking about being fking skint all the time!!

He is and always will be jealous of the fact that the rest of us are on good money... Yet we all came to London on roughly the same salary 7 years ago, yet the rest of the group don't just turn up at 9 and leave at 5pm, we each put time and effort in and it paid off in varying degrees of success, yet he ridicules us and looks on with pity if we need to work a bit later once in a while so will catch up with him later, or we are not drinking one weekend as we are on call... He has even turned down a training course (paid for by the company) due to him needing to work at home (homework) and study for the exam, he said it was not relevant enough for him to put his own time in.

(He works in the same industry as I do, before anyone says its because he doesn't have the opportunity)
I work 37.25hrs a week flexi time on a sub 20K wage, the upside I find of working such low hours is it gives me time after work to invest into other avenues such as buying/selling cars or motorbikes which I enjoy.
If I’m honest at work I can be quite lazy as there is no further to travel up the corporate ladder. For me work is a safety net though, which is a bit of a risk still to jump out of.
I’m now 30 with a 3 bed semi mortgage free with some nice cars and no debts, quite content I didn’t take the trou-ble/debts of going through university to obtain a better career.
Did you work hard at one point to be mortgage free and have nice cars or was that given to you or won?

You must have done something to get no mortgage in Kent and those 3 911s, I would assuming it involved hard work, so therefore you have done what most people want to do, work enough to make themselves relatively well off from the rat race, then kick back somewhere on an easy job and enjoy life.
I didn't move out till 25 to save a decent deposit, I also noticed how low interest rates are on savings so made investments in other things cars ect that I new would pay off. I dont think its what you have or earn that makes the difference, just how you spend your money.

Du1point8

21,612 posts

193 months

Friday 30th January 2015
quotequote all
What you did is called working smarter which is what Im trying to portray instead of simply working longer hours.

You took the risks with the case and they pay off...

Still though a decent deposit and paying off mortgage on 3 bed place in kent within 5 years, with the porkers is still far fetched for only a few years working.

IvanSTi

635 posts

120 months

Friday 30th January 2015
quotequote all
ILoveMondeo said:
Wacky Racer said:
All these people who say "I work 7 days 90 hours a week you know".....I just think "Well mate, you are a mug"
And I think those that don't are a bit lazy. (OK not 90 hours a week, that's nuts)

Goes round in circles really, doesn't make either of us right (other than in our own heads)

I wouldn't say I love my job, it's pretty stressful at times, but then I don't hate it or dislike it either. Lets say I kinda-like it! smile

Working hard gives me a sense of achievement and satisfaction , that bit I love. Feeling like I'm providing security for my family.(and a fking great bonus at the end of the year helps with that a bit too)

Just out of curiosity (and I'm not be facetious here, honest), if you do go for the "work life balance" do you lead a frugal existence so that you can swallow the bitter financial pills that life has a habit of throwing your way, or do you just worry about them if and when they arrive?

I'm not arguing here, each to their own, just curious to discuss others thoughts. see if you can persuade me I'm doing it all wrong... there's a beach hut somewhere with my name on it I'm sure! smile


ETA maybe I'm going off topic anyway, as I'm not on about the bigger house/better car anyway... More pay off mortgage, have plenty of savings, have damn good pension, educate child, give child head start in life, leave legacy for child.




Edited by ILoveMondeo on Thursday 29th January 18:53
If you work 70-80 hours a week and get paid for it, then fair enough, I'd possibly do the same. I'm contracted and get paid for 37.5 hours a week, you must be mental to think that I'll work more than 10% longer per week to make more money for those that pay me and not see any benefit in my bank balance. To double it is crazy. As someone said above to do 70 hours a week is Bed - work - eat - bed and repeat until death us do part.

Sod that, I've got a life to lead. I work to live, not work to live. Even if I did get paid overtime, I'd still refuse to do more than 50 hours, as I have to have time to myself. Call me selfish, but I enjoy my life and don't enjoy being in an office or making other people rich, especially for free.

deckster

9,630 posts

256 months

Friday 30th January 2015
quotequote all
Du1point8 said:
What you did is called working smarter which is what Im trying to portray instead of simply working longer hours.

You took the risks with the case and they pay off...

Still though a decent deposit and paying off mortgage on 3 bed place in kent within 5 years, with the porkers is still far fetched for only a few years working.
Don't forget the DB6, which by my reckoning must be worth several times his combined lifetime salary so far. That's some serious smarter working going on there.

Du1point8

21,612 posts

193 months

Friday 30th January 2015
quotequote all
deckster said:
Du1point8 said:
What you did is called working smarter which is what Im trying to portray instead of simply working longer hours.

You took the risks with the case and they pay off...

Still though a decent deposit and paying off mortgage on 3 bed place in kent within 5 years, with the porkers is still far fetched for only a few years working.
Don't forget the DB6, which by my reckoning must be worth several times his combined lifetime salary so far. That's some serious smarter working going on there.
All that whilst earning below 20k a year.

say he is on £20k a year and did it for 9 years thats £180k combined before paying tax, etc... So we shall call it £40k after living expenses for 9 years.

To turn £40k into the amount that gets all that is mentioned sounds like there is something a miss.

Cotty

39,569 posts

285 months

Friday 30th January 2015
quotequote all
Du1point8 said:
If you want to get on in the world and up the career ladder, don't just do your basic 9-5, make the boss know you are doing your bit and then some, if not, you will never be noticed and you are just another cog in the machine, doing just enough to not stress yourself much.
There are ways of showing your boss how hard you are working without working late. I work hard during the day but come 5:30 im out of the door. It must reflect badly on my colleagues who have less work than me but are still in the office at 6/7pm

irocfan

40,537 posts

191 months

Friday 30th January 2015
quotequote all
IvanSTi said:
If you work 70-80 hours a week and get paid for it, then fair enough, I'd possibly do the same. I'm contracted and get paid for 37.5 hours a week, you must be mental to think that I'll work more than 10% longer per week to make more money for those that pay me and not see any benefit in my bank balance. To double it is crazy. As someone said above to do 70 hours a week is Bed - work - eat - bed and repeat until death us do part.

Sod that, I've got a life to lead. I work to live, not work to live. Even if I did get paid overtime, I'd still refuse to do more than 50 hours, as I have to have time to myself. Call me selfish, but I enjoy my life and don't enjoy being in an office or making other people rich, especially for free.
my uncle used to work all the hours God gave - regularly home 23.00 and back out to work again by 05.00 hardly too holidays. His marriage went to st, his relationship with his daughter went the same way and he's now in an old people's home having had a massive stroke with no family visiting him and very few friends. Yay, a life well lived! bks to that