Keep adding what you can afford each month or so as it will soon add up over the years for you.
Something like that is good for to encourage young people to save over the years 🤣🤣

Reply 8

Tracey_W

Original post by Taeraatutta

I have £170 in my ISA atm
Started saving last month

Well Into the six figure total.
Savings accounts.
Able to put aside every month.
A mortgage although I have a small one as good for the credit ratings.

Reply 9

Quady

Original post by Tracey_W

It will show your potential mortgage lender that you are capable of saving.

They aren't interested in where the deposit is from as long as its not (potentially) laundered.

Reply 10

Quady

Original post by Tracey_W

Well Into the six figure total.
Savings accounts.
Able to put aside every month.
A mortgage although I have a small one as good for the credit ratings.

How much have you got in investments?

Reply 11

Tracey_W

Original post by Quady

How much have you got in investments?

That's telling private and confidential information.

I do have shares investments as well.....

Reply 12

Quady

Original post by Tracey_W

That's telling private and confidential information.

I do have shares investments as well.....

So telling that you have six figures of cash savings isn't private or confidential, but telling the value of your shares is?

What's the difference?

Reply 13

londonmyst

Not enough.
I want at least £5 million cash and double that in value for a jewellery collection, gold bullion stash & property portfolio. :cool:

Reply 14

Tracey_W

Original post by Quady

So telling that you have six figures of cash savings isn't private or confidential, but telling the value of your shares is?

What's the difference?

Difference between saying exact amount of money 💰💸💰💰💰 and just saying I have in excess of six figures is two completely different things as far as I am concerned.
Valuation of how much I have in shares is my own private business as don't have to disclose how much exactly I have in each in public.

Reply 15

Tracey_W

Original post by londonmyst

Not enough.
I want at least £5 million cash and double that in value for a jewellery collection, gold bullion stash & property portfolio. :cool:

You'll get there eventually 🙂🙂🙂..

Reply 16

Quady

Original post by Tracey_W

Well I wasn't looking for an exact figure, just wondering if it was four figures, five figures, six figures, seven or zero.

I have six figures in cash, awaiting a house the stupid offers over system is making difficult to buy, and six figures in equities.

(edited 1 year ago)

Reply 17

Reue

6 figures in stocks
6 figures in house equity
5 figures in pension
5 figures in cash
4 figures in crypto

Reply 18

-Eirlys-

Debate & Current Affairs Helper

Original post by Taeraatutta

Definitely not meaningless

Idk. Of course it would help me get a house, but that also leaves me with lifetime debt and like 95% of my savings gone.

Reply 19

-Eirlys-

Debate & Current Affairs Helper

Original post by Tracey_W

It will show your potential mortgage lender that you are capable of saving.

Yes, but it seems mortgage lenders are pretty hard to impress, so I think I'd need to do more than just show I can save. I do have spreadsheets showing all my incomings and outgoings over the years that may help.