James Searle

Milk snob 🤘🏻

[James Searle @james_searle]

@bjblyth https://t.co/XXVhpSGQ8l

Why are you calling Ronnie out? He literally took your advice from 3 days ago.

[Benjamin @bjblyth]

Life is short. Buy yourself the nice watch (and strap) 😁

[aether @bluewdrift]

Keep your problems smaller than your life. A flat tire is a flat tire. A bad meeting is a bad meeting. A canceled flight is just an extra two hours. These things become catastrophes when you let them. But they stay manageable when you remember the depth of your real life- the people you love, the work you care about, the beautiful years still ahead. Zoom out. Fit your reaction to the size of the problem.

[James Searle @james_searle]

@Ronmarkets Lovely pic Ronnie

[James Searle @james_searle]

@dominicaway Everyone’s looking forward to proper football!

[James Searle @james_searle]

@xf3rd_ @wealthyfranklin Home ownership
£16k total cost if interest rate stayed the same and house prices rise 3% per year.

Maintenance costs to be added.

Renting
£187k cost

You keep deposit in index funds earning 8% which will gain £32.5k over 10 years.

£145.5k cost over 10 years.

[James Searle @james_searle]

@xf3rd_ @wealthyfranklin 10 year figures are clearer.

Mortgage payment £156k
Of which interest is £111k
Equity gained £45k

House price growth 3% compounded. £370k (95k gain)

Rent for equivalent property £1300 compounding at 4%
£187k over 10 years.

[James Searle @james_searle]

@_Unknown_D_ It was to help everyone apart from the buyer!

[James Searle @james_searle]

@FinanceTiger Or even better, use MoneySuperMarket so my shares get a boost 😂

[James Searle @james_searle]

@FinanceTiger Use https://t.co/Y1RBw3bSTl JW it’s basically a merry go around of companies who take turns being the cheapest. Year after year. I just did mine last night. £300 compared to the £550 auto renewal 🙄

[James Searle @james_searle]

@FinanceTiger The problem with this idea is that when rates go down.. the prices go up as more people aim to purchase. Competition pushes prices up.

[James Searle @james_searle]

@ClubhouseGrowth Which ironically is also nearly bang on a 10.8% saving overall.

[James Searle @james_searle]

@Ronmarkets @LordBadshot @mcpoole84 Don’t miss out on the Wetherspoons there Ronnie. It’s a great building. The Watered Barn.

[Captain Cooper @ The Orphans Scooter Club @OrphansSC]

Have a great weekend! 😎

[James Searle @james_searle]

@FinanceTiger The reason I’m moving up there JW. It will transform the whole area.

[GBTT — Great British Think Tank @GreatBritishTT]

£100,000 in. £3.30 out.

A working life of National Insurance contributions buys you, at retirement, £3.30 a week extra over the person who never paid in.

Less than a latte.

The contributory state pension is dead. Almost nobody is told. 🧵

[James Searle @james_searle]

@Trader__007 Hard one to swallow over the last month. Didn’t expect to see 50p

[James Searle @james_searle]

@FinanceTiger One of my best 🥳

[James Searle @james_searle]

@ChrisBarnes3D (4/)

Meanwhile your landlord puts the rent up by 3/4% per year. Now do the sums over 5/10 years.

Renting vs buying is no contest. Unless you want to rent for a reason like location/work etc.

It’s not an exact science and there are pros and cons. Maintenance etc.

[James Searle @james_searle]

@ChrisBarnes3D (3/)
So over the years you are gaining £400x12 £4800 in equity.

On top of that, house prices go up 3/4% per year. So after 2 years the house could be worth £424k.

Couple that with the almost £10k from your payments and you could have made £34k. The mortgage you paid… £33,600.