How do we fund our toys

FIFTY

FIFTY

Member
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3,100
iainw said:
Plumbing.
Still loads of work out there for good people.
My plumbers are unbelievably bad, and they still make good money.
If I acted anything like they did I would be out of a job in seconds.
One of them is pondering which maserati to buy next- I hope he doesn't service it himself!
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Bit of a lifestyle change from being essentially a rep, I do enjoy the "on the road" work lifestyle but its the company, pay/benefits and uncertainty in the economy that is worrying me particularly in lighting sales when working for a European company (lets not talk about the B word)... after looking at some similar roles turns out I have already peaked at 31 in this particular field I can only go "downwards" or "sideways" because the company I work for is one of the best at what it does. On top of that design lead sales is much higher up in the pecking order than the majority of sales jobs out there... so I really do need to find something better high stakes more money more responsibility would be nice to have managers/directors that actually understand what it's like to live in the "real world"

GeoffCapes said:
I had a major career change at 38, so know how hard it is to to get into something different.

I still have a few plans for further changes.

Basically you need to find a business that will always be in demand regardless of boom or bust recessions.

The two I have plans to move into (no pun intended) are property and rubbish (recycling to be exact).
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So what do you think Capes, become my own boss? My family were restaurateurs for nearly 20 years and retired early, they have never been more happy/relaxed. Being raised in the lifestyle I don't particularly want to go back into it. Launching restaurants is high risk potentially low return with very unsociable hours... I don't mind working long hours but hospitality and catering turns your life upside down! I would know i did it for nearly 10 years... Also if the economy goes to shite people have less disposable income and it's more likely to fail... Beyond that I don't have any other business ideas that don't involve becoming some sort of King Pin (yes I'm thinking Breaking Bad/Heisenburg but I'll probably be more like Jesse lmao)
 
jasst

jasst

Member
Messages
2,317
iainw said:
Plumbing.
Still loads of work out there for good people.
My plumbers are unbelievably bad, and they still make good money.
If I acted anything like they did I would be out of a job in seconds.
One of them is pondering which maserati to buy next- I hope he doesn't service it himself!
Click to expand...
Yep, plenty of work out there for the right people, I'm booked up till may next year!!
 
Scaf

Scaf

Member
Messages
6,583
Interesting replies and as suspected most of us are digging deep into our own pockets for our toys rather than finance.
My daily workhorse is also funded from cash when perhaps I could have leased using my car allowance but having been made redundant once and having to hand my car back I thought “never again†so have bought them outright ever since.
I really want a DB11 (yes I know about the front wings) but I like a big car so the Vantage (even the V12) won't cut it. I am in a new PE backed deal and have to write a cheque to buy into the deal, might just have to tell the Mrs that the investment requirement was larger than expected, but I get a DB11 as a bonus, she won't suspect a thing....... unless she reads this
 
CatmanV2

CatmanV2

Member
Messages
48,793
bigbob said:
Means you are undercharging. Put up your prices.
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I imagine there's a catastrophic cut off if you start charging significantly (or even marginally) more than those purporting to provide the same service.

I could be wrong.

C
 
montravia

montravia

Member
Messages
1,624
FernandoIsFasterThanYou said:
Bit of a lifestyle change from being essentially a rep, I do enjoy the "on the road" work lifestyle but its the company, pay/benefits and uncertainty in the economy that is worrying me particularly in lighting sales when working for a European company (lets not talk about the B word)... after looking at some similar roles turns out I have already peaked at 31 in this particular field I can only go "downwards" or "sideways" because the company I work for is one of the best at what it does. On top of that design lead sales is much higher up in the pecking order than the majority of sales jobs out there... so I really do need to find something better high stakes more money more responsibility would be nice to have managers/directors that actually understand what it's like to live in the "real world"



So what do you think Capes, become my own boss? My family were restaurateurs for nearly 20 years and retired early, they have never been more happy/relaxed. Being raised in the lifestyle I don't particularly want to go back into it. Launching restaurants is high risk potentially low return with very unsociable hours... I don't mind working long hours but hospitality and catering turns your life upside down! I would know i did it for nearly 10 years... Also if the economy goes to shite people have less disposable income and it's more likely to fail... Beyond that I don't have any other business ideas that don't involve becoming some sort of King Pin (yes I'm thinking Breaking Bad/Heisenburg but I'll probably be more like Jesse lmao)
Click to expand...


What's Heisenburg doing featuring in some sort of show? What's Breaking Bad? Might take a look, might see Dirac too, but perhaps I'm mixing up my matrices
 
Lozzer

Lozzer

Member
Messages
2,285
Cash, working 10hrs a day, 7 day's a week, 52 week's a year bar Christmas week. :sad1: Love my Mazzer...:)
 
hoyin

hoyin

Member
Messages
1,842
Ahhh bitcoin. Yeah I have some which I bought at £2700.

Was thinking of selling. But I am interested in how far it will go next year. Every man and his dog is jumping on the band wagon so that will increase demand short term. People reckon it will hit $40k. I'll pull out before that because like everyone says when it starts to drop and people panic and want to sell you won't be able to and will be locked in.

I actually hold more ETH but that hasn't made as much gains.

I haven't ever bought anything on finance always only spent money I have in my bank account (a part from properties).

Though I can't say I am a very smart car buyer I get too attached. So I've still never sold a car for profit actually I have only ever sold one car and that was almost a disaster.



Sent from my iPhone using Tapatalk
 
jasst

jasst

Member
Messages
2,317
CatmanV2 said:
I imagine there's a catastrophic cut off if you start charging significantly (or even marginally) more than those purporting to provide the same service.

I could be wrong.

C
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Quite true, but reputation also has a lot to do with it!:numberone:
 
D Walker

D Walker

Member
Messages
9,827
jasst said:
Quite true, but reputation also has a lot to do with it!:numberone:
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100% - I've 2 mates, ones in windows/kitchens/ bathrooms and last resort plastering, the other in extensions, neither are "greedy" but earn a good living as people are prepared to wait to get a quality job, both have 12 month+ work in front of them. i've another mate who adjusts price on drive, front door and cars on drive, his moral compass swings a bit.....sometimes has no work.......
 
CatmanV2

CatmanV2

Member
Messages
48,793
jasst said:
Quite true, but reputation also has a lot to do with it!:numberone:
Click to expand...

:D

The issue there is that reputation only really works with people that have heard of you :) You're clearly doing well, which is not surprising. My point was *only* related to the comment about charging more.

C
 
jasst

jasst

Member
Messages
2,317
Oh yes, couldn't agree more, its a very competitive market, and people will put in totally unrealistic prices just to get the job, which is why I hate doing fixed price quotes. I work on the principle of 1st class customer relations, as well as doing work of the highest standard. Most of my customers I now class as friends, and regard word of mouth as my biggest asset, something my old contacts manager when I was employed, poo pooed as not being necessary, probably the biggest reason for the company going bust and leaving me with the option of trying to get a job at 55 or going out on my own, a decision that took me about 5 mins.
 
Nayf

Nayf

Member
Messages
2,751
Not Maserati, but I got lucky on a Mercedes W123 Coupe. The market moved sharply over a year and it more or less doubled in value. Sold it and with a bit of help got my Alfa.
The Alfa's a keeper, though I forever live in fear of an ECU failure at £1000 a pop. Clutch and cambelt, due in 2019, is a healthy £1400. It's worth it though. Now does anyone need any freelance writing/proofreading/PR bits doing? All goes to the Alfa + Maserati dream car fund etc...
 
allandwf

allandwf

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10,995
Once you add water pump, which they invariably do, idlers etc. That's close, also depends on where you are, geographically prices are a few 100s lower down your way. Oh Peterborough is down your way lol ;)
 
alfatwo

alfatwo

Member
Messages
5,517
Back to reality.. had the cambelt,water pump etc. replaced plus a service on my old Fiat 500..£160 quid all in, with me supplying the parts

And lots more reliable than any Maser or Fesser!


Dave
 
CatmanV2

CatmanV2

Member
Messages
48,793
allandwf said:
Once you add water pump, which they invariably do, idlers etc. That's close, also depends on where you are, geographically prices are a few 100s lower down your way. Oh Peterborough is down your way lol ;)
Click to expand...

Well that's Jamie Porter so odds on it includes the idlers, and possibly the water pump.

C
 
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