Inspired by another thread I wondered why so many (presumably highly paid contractors) are in debt?
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Why are you in debt?
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Probably standard of living escalations.
Nobody earning £5-20k+ after tax a month should really be in debt unless they have bought a huge property, or have some form of addiction to fund.The cycle of life: born > learn > work > learn > dead.Comment
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Well, it started when I was a poorly paid permie and was in the process of splitting up with an ex. As it was amicable and she earned about half what I did I walked away with pretty much nothing.
Then I was skint and had to buy a car, new furniture, etc etc.
Well on the way to clearing it now thoughǝןqqıʍComment
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£5-£20K per month after tax - how do you get 20K per month after tax as a contractor?This default font is sooooooooooooo boring and so are short usernamesComment
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Bought a pretty normal house when I was a permie; that's my only debt.And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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Originally posted by MPwannadecentincome View Post£5-£20K per month after tax - how do you get 20K per month after tax as a contractor?Comment
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Originally posted by ctdctd View Post5KAnd what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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Originally posted by DiscoStu View PostWell, it started when I was a poorly paid permie and was in the process of splitting up with an ex. As it was amicable and she earned about half what I did I walked away with pretty much nothing.
Then I was skint and had to buy a car, new furniture, etc etc.
Well on the way to clearing it now thoughComment
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"Technically" I am in debt.
I have an overdraft of £3000. Now I say technically becuase there are many times that sitting in myco account as retained profit.
I don't want to clear the overdraft as it interest free so no rush to clear it. The half a % I'm earning on myco savings is better than nothing.Comment
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