21st August 2006, 12:21 PM
Thanks for the advice Magpie but rather than scaring me into activity, those calculations make me even less inclined to start a pension. If I have to salt away a million quid in the next thirty years, that's 33K per year, which is rather a lot more than my gross annual salary let alone what I have left at the end of each month. I agree that if I had started 15 years ago it would have been less, but that still comes to 22K per year throughout my twenties.
Having taken a long hard look at the financial realities, the most posistive approach I have found is to start looking for a warm cheap country with decent medical facilities that allows foreigners to buy property.
Either that, or if you like you can buy second houses cheaply here in Lincolnshire and rent them out to people like me (
).
'Have a good plan, execute it violently, do it today'.
General MacArthur
Having taken a long hard look at the financial realities, the most posistive approach I have found is to start looking for a warm cheap country with decent medical facilities that allows foreigners to buy property.
Either that, or if you like you can buy second houses cheaply here in Lincolnshire and rent them out to people like me (
).'Have a good plan, execute it violently, do it today'.
General MacArthur