than anything I want my boys to have a happy and financially sound future, I
would hate for them to worry where the money to heat their house or feed their
own children will come from. The last
thing I want is for them to be scrimping and struggling, desperately trying to
make ends meet. I have always been
lucky if we have run into rocky territory my parents have always cushioned us,
borrowing us money to get us back on our feet!!! So I need to make wise investment decisions myself so I can
provide the same level of security to my boys when they are older. I am grateful for the bank of mum and dad,
as I am sure countless other people are…
things are slowly improving, we have bought the forever house now, so fingers
crossed we do not have to face the cost of further legal fees, stamp duty and
surveying costs for the considerable future.
We are tackling the renovation as best as we can, but hopefully it will
unlock value in the property when the time comes to downsize, although I am not
ready to think about an empty nest (I love my noisy little fledglings!).
husband should start to have the occasional bonus if things go well at work; so
then we will have to think about what best to do with any extra income. I was reading about having an offshore bank account
as one possibility, in its simplest terms it means banking in a different
country. This apparently has potential
tax savings and can give you access to different types of investments that
might currently be unavailable in your home country.
we ever moved abroad I would use an offshore bank account if I wanted
additional security with my money, especially when you think of Cyprus planning
to tax people’s savings to sort out its own financial crisis!!! If you have worked hard your whole life the
last thing you need is the government dipping into your savings… fortunately
they saw sense given enough public outrage but it’s always a worry having all
your hypothetical eggs in own basket!
now though I do not have much to worry about seeing as we have no real savings
to speak off! We are too busy replacing
back to front radiators and trying to redecorate (seriously why do people keep
painting on top of old wallpaper until its thick and stiff!). Luckily we have some helpers.