How much do you save?

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weeksy
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Re: How much do you save?

Post by weeksy »

Yorick wrote: Sun May 02, 2021 12:35 pm
weeksy wrote: Sun May 02, 2021 12:33 pm
Yorick wrote: Sun May 02, 2021 12:23 pm but there's no way they can match the financial entry requirements.

We might have struggled if we'd waited. But we're safe now.
What are they ?
Half mill per person. That's what we were told.
That seems quite a stretch and there's got to be a bit more to it... Using that criteria i'd guess very very few people would be able to manage it.
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Yorick
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Re: How much do you save?

Post by Yorick »

weeksy wrote: Sun May 02, 2021 12:37 pm
Yorick wrote: Sun May 02, 2021 12:35 pm
weeksy wrote: Sun May 02, 2021 12:33 pm

What are they ?
Half mill per person. That's what we were told.
That seems quite a stretch and there's got to be a bit more to it... Using that criteria i'd guess very very few people would be able to manage it.
I added the bit about essential job paying €35k
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weeksy
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Re: How much do you save?

Post by weeksy »

Yorick wrote: Sun May 02, 2021 12:38 pm
weeksy wrote: Sun May 02, 2021 12:37 pm
Yorick wrote: Sun May 02, 2021 12:35 pm

Half mill per person. That's what we were told.
That seems quite a stretch and there's got to be a bit more to it... Using that criteria i'd guess very very few people would be able to manage it.
I added the bit about essential job paying €35k
Mmmmm still seems pretty strong. But it's their choice of course... If we're going anywhere it's more likely to be France anyway.
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Re: How much do you save?

Post by Mr. Dazzle »

Potter wrote: Sun May 02, 2021 10:29 am
Imagine if it went back up to crazy numbers again, for every 100k in the bank at 15% you can have a new bike every year on the interest alone.
I'm about 15 years into a mortgage, so until recently I was early doors and would much rather have very low rates!

As it happens, it looks like when I remortgage now I'll get even lower rates than when I did during the depths of the 2008/09 recession.
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Re: How much do you save?

Post by Potter »

weeksy wrote: Sun May 02, 2021 12:37 pm
That seems quite a stretch and there's got to be a bit more to it... Using that criteria i'd guess very very few people would be able to manage it.
Perhaps that's the idea, they don't want anyone there that might be a burden.
I'd be over the moon if I'd just moved somewhere and was safe, but then they pulled the ladder up so it was really hard for anyone else, it sort of guarantees your new neighbours won't be scrotes.

I always said I'd never be a millionaire, so if I ever get close to that cash amount in the bank it'll be given to the kids to keep me under, so it looks like Lanzarote is off the cards for us.
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Re: How much do you save?

Post by Yorick »

Potter wrote: Sun May 02, 2021 3:07 pm
weeksy wrote: Sun May 02, 2021 12:37 pm
That seems quite a stretch and there's got to be a bit more to it... Using that criteria i'd guess very very few people would be able to manage it.
Perhaps that's the idea, they don't want anyone there that might be a burden.
I'd be over the moon if I'd just moved somewhere and was safe, but then they pulled the ladder up so it was really hard for anyone else, it sort of guarantees your new neighbours won't be scrotes.

I always said I'd never be a millionaire, so if I ever get close to that cash amount in the bank it'll be given to the kids to keep me under, so it looks like Lanzarote is off the cards for us.
:banana-dance: :banana-dance: :banana-dance: :banana-dance: :banana-dance:
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Re: How much do you save?

Post by Taipan »

Mainland Spain will suffer badly without Brit tourism and I suspect that will spread to the canaries too. They may well lower their sights/conditions if post brexit they suffer from loss of income.
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Re: How much do you save?

Post by Mr. Dazzle »

Potter wrote: Sun May 02, 2021 3:07 pm I always said I'd never be a millionaire, so if I ever get close to that cash amount in the bank it'll be given to the kids to keep me under, so it looks like Lanzarote is off the cards for us.
I dunno...I quite fancy having a million quid in the bank earning 4-5% in dividends every year. Live it semi large while you still can then super fancy retirement home with gold plated bed pans and silk incontinence pads. :mrgreen: