Ex Chelsea legend Alan Hudson Living in Hostel

[Charl91]

If you make a terrible investment you get what you get. The existence of risk is the reason for the potential reward.

 

I don't normally agree with Moose, but he's right. A lot of investment is basically the same as gambling - just gambling with better odds.

 

You always take that risk when you invest.

[Rincewind]

No comment.

[Julian Joachim Jr Shabadoo]

An unfortunate story no doubt, but really a bit of a non-story. If you make bad choices and are still given benefits, there's not much to complain about.

 

If this was a former Rotherham star, there's no way it'd be published

[MooseBreath]

An unfortunate story no doubt, but really a bit of a non-story. If you make bad choices and are still given benefits, there's not much to complain about.

If this was a former Rotherham star, there's no way it'd be published

Or a former high flying banker, it would be celebrated.

[Julian Joachim Jr Shabadoo]

Or a former high flying banker, it would be celebrated.

 

True.

 

How about a disabled homosexual KKK member? That's a thinker

[Rincewind]

An unfortunate story no doubt, but really a bit of a non-story. If you make bad choices and are still given benefits, there's not much to complain about.

 

If this was a former Rotherham star, there's no way it'd be published

That may be true but neither are the thousands of families struggling with their mortgages. And when they are published and give help financially they are regarded as scroungers and pissed on by drunks in the street.

Maybe by publishing Alan Hudsons story it shows that even those that would be though imune from hardship are not invincible.

Unless you are actually in the situation it is not fair to judge.

[Rincewind]

I can just imagine Moose when his mortgage lenders CEO run off to the Carrebean with their pay off bonuses after the company going bust and Moosey saying 'What a jolly jape, come on children lets sleep on the street and invite drunks to piss on our sleeping bags, it will such fun. Ha ha ha

 

Note: Bonuses are OK when they are paid for success. Unless you believe you should be rewarded for failure.

[Julian Joachim Jr Shabadoo]

I can see where you're coming from but it's not often that someone's hardship is always entirely someone else's fault.

 

Many people have children when they can't afford to. Many people buy stuff they don't need on finance, then when times are tough they end up selling these things at a massive loss. Many people drink and smoke and whinge that they can't feed their families. Many people use Wonga.com because they feel they need the new iPhone and are totally oblivious to the fact that 2 days after pay-day, they're already penniless so there's no chance of them paying the loan back before the interest has doubled the amount they owe. Many people buy things they know they can't afford, without thinking of the consequences. Many people don't bother with school, and then are surprised that their job prospects as an adult are minimal.

 

I'm not saying everyone, but there's a lot of idiots who make their own downfall that I don't feel sorry for.

 

I know what it's like to have barely any money, and be in situations where you suddenly have to pay for an expensive repair you had no idea about. But you have to plan ahead, and live within your means. If you're hard up, don't go on holiday. Don't smoke. Sell some possessions. Don't get your child a laptop for their birthday. Eat cheaper. Shop at Primark/charity shops. Try and get a job/2nd job. Walk/cycle. Give up your Sky subscription.

 

If everyone planned for worst-case scenarios, there'd be far fewer that would end up in these situations

[Rincewind]

I agree but there are many already doing what you suggest. A Sky subscription is on a contract and if taken out whilst working it may have been affordable. Your car might be on a finance deal.

It takes time to adjust from a two wage pocession filled house family to living on less than a quarter of the income.

I've had to do it. And it took a lot of bookeeping and noting down and accounting for every penny. I got through that but I had help and somebody to turn to. If I did not I would be into an overdraft and paying interest on it. I would be behind with my electricity and other bills. I was lucky. Many others  are not so luckyHindsight is great if you also have a crystal ball.

[Julian Joachim Jr Shabadoo]

Hindsight is great if you also have a crystal ball.

This is true, and I do feel sorry for people who can't have avoided hard times

 

I'm talking about the ones who didn't think. Buying a new top-spec BMW on finance, when they could have gotten a modest car/2nd hand car/no car. Entering into an expensive phone/TV contract, when they didn't need to. Getting takeaways, spending hundreds on nights out, only wearing branded clothing - things that most people splash out on that all add up but they don't think until it's too late.

 

If you always live modestly and work hard, there's far less chance of ever ending up in financial trouble. Personally I couldn't relax unless I've got 2 months wages in my savings account in case the worst happens. I don't even consider that spendable money unless something came up that I really wasn't expecting

[Rincewind]

I've never gone for designer stuff and saw no need for expensive phone contracts. I never thought I'd be out of work as long as I was. But as time went on factors came in that was not my doing. I've never been the most active or physical perso even though I never saw myself as unfit but jobs which involved heavy lifting or long periods of activity requiring strength are not in my make up. I am simply not builtthat way. I had no GCSE's O, A levels because when at school they were not available to lower grade classes.

I  applied for a job looking after a carpark weekend 2-4 hours. I was told 50 people had applied. I thought I had a chance.

 

Anyway I understand about living within your means but some people have never had a lot to start with then are hit by illness etc. Carers allowance has even been hit by cuts.

[DANGEROUS TIGER]

A lot of alcoholics use that line.

I most certainly do not!