Grim times. Still in contract, but all other contractors have gone, and the permies are going now too.
Worrying times. How big is your warchest?
Poll to follow
Worrying times. How big is your warchest?
Poll to follow
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43One day, two at the max6.98%3up to 2 weeks2.33%12 weeks - 3 months20.93%93 months to a year30.23%131-2 years20.93%9longer - I pimp AndyW's mum18.60%8"Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. "
Thomas Jefferson -
Mine stands at roughly 10 years now but I get nervous after 4 weeks.What happens in General, stays in General.You know what they say about assumptions! -
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That concern is understandable, despite the size of the warchest - wierd isn't it?Originally posted by MarillionFan View Post
Banking - it really is batten down the hatches time at the moment where I am. Market doesn't look too hot - looks like it would be tricky to pick anything up this year if out of contractOriginally posted by BlasterBates View Post"Experience hath shewn, that even under the best forms of government those entrusted with power have, in time, and by slow operations, perverted it into tyranny. "
Thomas JeffersonComment
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It's not just the size it's what you do with it that matters. [sounds familiar
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i.e. Make sure your burn rate is as low as possible, without resorting to cardboard city and scraps from the supermarket dumpster. [that's plan F, for f****d, after all the other plans have failed
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I once took a year off and did sod all but surf and spend. Burnt through a 60k war chest in under a year.
Though that did include a crappy plan B idea, corp tax bill, a new car, and other 'unforeseen' expenses. [unforeseen because I didn't plan ahead
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It's better to get your outgoings reduced before hitting the bench. Then you save more during contracts too.Feist - 1234. One camera, one take, no editing. Superb. How they did it
Feist - I Feel It All
Feist - The Bad In Each Other (Later With Jools Holland)Comment
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It's all about reducing fixed costs before you get benched. A pal of mine I went into business with lost his contract and continued the high life. After a few months he was 15K in the hole and I had to buy him out. If cash is a problem best get those fixed costs down as soon as you know you're not going to be renewed....my quagmire of greed....my cesspit of laziness and unfairness....all I am doing is sticking two fingers up at nurses, doctors and other hard working employed professionals...
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I travel a lot so I'm always renting. I would like to buy something but I am not sure which is the best place long term. I don't want to buy something and never work in the area.
Current options.
Zurich: prices are very high and if I was not working here would cost a lot to service the debit.
London: same as Zurich
Dublin: prices may come down more, and job market is changeable and rates have gone lower too.
So any suggestions where to buy?Fiscal nomad it's legal.Comment
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Don't bother, no honest, you don't know where you're going to be so you may as well rent. Invest in a mix of shares, bonds/money, and Pina Coladas on a white sandy beach. A property is a huge millstone round the neck Just ride with the tide and chill....Originally posted by alreadypacked View Post
I'm alright JackComment
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A place you could and want to retire too.Originally posted by alreadypacked View Post
I personally am seriously considering parts of Istanbul. Not cheap (some areas make posh London look reasonable) but the princes islands are lovely and far nearer civilization then most other beauty spots.merely at clientco for the entertainmentComment
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Fixed costs are the hard ones to cut back. Variable, or optional, spending is the one to hit hard and hit fast when you're anticipating tough times. Cut back your Sky subcription, gym membership, fancy restaurants and bars, expensive call girls etc.Originally posted by Lockhouse View Post
Then concentrate on the more difficult items, such as utility bills.Comment
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