Did you know anyone that lived beyond their means during the good times?.

Show Time · 12-06-2011 2:37pm

I bought my home when the good times were rolling and had many a person laugh when i told them that having a roof over my head when i am 60 was more important then going away three or four times in a year.

Fast forward eleven years and the same people who laughed at my modest lifestyle are up the creek without a paddle, And with letters every other week telling them how much more debt they are now in.

shannon_tek · 12-06-2011 2:43pm

it will be back and i will make sure

Reg'stoy · 12-06-2011 3:25pm

Bloke who works with the brother paid 20,000 :eek: membership fees for castlewarden golf club. Same guy spent close on 3,000 on a fridge yes fridge because in his words "a smaller one would just look stupid in his big kitchen". His idiotic spending finally hit him (didn't lose his job or anything) when he had to deliver some chinese food (he does deliveries now to make ends meet) to some of the grounds staff in castlewarden who recognised him.

The brother put it beautifully when he said that this guy when he moved into his second home in as many years couldn't afford to go out because his repayments were that large. Didn't learn anything so typical Irish at the time, sold and bought bigger thinking the return long term would be huge. Now he can't even afford to sit at home spending nothing because he now has to work every spare hour to cover his NAMA sized mortgage. His wage alone does not cover their repayments

which means as he earns roughly the same as me his repayments are around 2,800ish.

Couple of guys in my place also now do deliveries be it for chinese's or off-licences. Same guys were cock-a-hoop a couple of years ago at the deals they got on their investment properties.

On a personal note I have 4 years

left on my mortgage thanks to lorrying the money off it when I could, still went on sun holidays just wasn't stupid. Only last year did I finally get a LCD Tv, could never fathom why someone would spend 1,000's on a TV.

jesus_thats_gre · 12-06-2011 3:35pm

Me

Thank god I did too. Only for that epic credit card balance that I managed to rack up with holidays, I would have gone and done something stupid like buy a house about 4 years ago.

Who would have though that being so wreckless with money in my mid-twenties would have saved my financial future...

Did you know anyone that lived beyond their means during the good times?.

Comments