Name ONE good thing to come out of the first 6 months of 2020 .....

[czechmate]

What are they like for temperament,and how can you tell them different from Sussex,or Saler?

they look ugly buggers compared to my limousines

 

[stewart]

Ah the labour party school of economics

Nothing Labour or left wing about taking on debt to increase your business, quite the opposite.

 

[robs1]

Nothing Labour or left wing about taking on debt to increase your business, quite the opposite.

Very different to take on debt for an asset like a business or a house than it is borrowing for a holiday,tv or phone

 

[czechmate]

Very different to take on debt for an asset like a business or a house than it is borrowing for a holiday,tv or phone

Here’s a question then.
If you have an ongoing debt for your house or business but because you are earning well or making a good profit you can pay for a holiday, tv or phone without taking out a loan/adding to your cc etc. Is that still borrowing for the luxury?

 

[stewart]

Very different to take on debt for an asset like a business or a house than it is borrowing for a holiday,tv or phone

To a degree yes, but if you have a mundane job that pays a regular wage what is wrong with borrowing to buy your holiday, phone or T.V. ?
I run a business with a fair amount of debt, should I deny myself what some would regard as frivolous items to keep my debt down or should I allow myself those items as I work fairly hard and am willing to take a business risk? There has to be an element of risk reward somewhere.
I also have no desire to be the richest person in the graveyard

 

[robs1]

Here’s a question then.
If you have an ongoing debt for your house or business but because you are earning well or making a good profit you can pay for a holiday, tv or phone without taking out a loan/adding to your cc etc. Is that still borrowing for the luxury?

I guess in a way it is but the point I meant was with an asset like a home or business it is saleable a holiday isnt actually or phone secondhand is peanuts

To a degree yes, but if you have a mundane job that pays a regular wage what is wrong with borrowing to buy your holiday, phone or T.V. ?
I run a business with a fair amount of debt, should I deny myself what some would regard as frivolous items to keep my debt down or should I allow myself those items as I work fairly hard and am willing to take a business risk? There has to be an element of risk reward somewhere.
I also have no desire to be the richest person in the graveyard

I have never nor would borrow to pay for a holiday, when I was building a business I went without for years and paid of borrowings for business asap, I am now lucky in that I have savings to enjoy myself and feel rewarded for that early sacrifice .
I just couldnt enjoy a holiday if I knew I had to pay after I got home, would sooner miss out one year and put a few quid a week away and pay for it.
I know that is not the modern way

 

[czechmate]

I guess in a way it is but the point I meant was with an asset like a home or business it is saleable a holiday isnt actually or phone secondhand is peanuts



I have never nor would borrow to pay for a holiday, when I was building a business I went without for years and paid of borrowings for business asap, I am now lucky in that I have savings to enjoy myself and feel rewarded for that early sacrifice .
I just couldnt enjoy a holiday if I knew I had to pay after I got home, would sooner miss out one year and put a few quid a week away and pay for it.
I know that is not the modern way

I wonder what percentage of UK Christmas are paid for up front?

 

[robs1]

I wonder what percentage of UK Christmas are paid for up front?

Mine is but very few I reckon, I wonder how many are still paying off the previous one still

 

[Henarar]

I wonder what percentage of UK Christmas are paid for up front?

Christmas is free

 

[Billhook]

No more gratuitous hugging. There is a time and a place for it but not at every social occasion.

 

[Chopsy Varmint]

I guess in a way it is but the point I meant was with an asset like a home or business it is saleable a holiday isnt actually or phone secondhand is peanuts
I have never nor would borrow to pay for a holiday, when I was building a business I went without for years and paid of borrowings for business asap, I am now lucky in that I have savings to enjoy myself and feel rewarded for that early sacrifice .
I just couldnt enjoy a holiday if I knew I had to pay after I got home, would sooner miss out one year and put a few quid a week away and pay for it.
I know that is not the modern way

It may not be the modern way but it flippin' well should be.

I run my finances like you but we end up being the mugs whose savings earn peanuts in the bank so that everyone who has over-extended themselves getting into debt for holidays, cars, phones, sofas, tvs etc doesn't have the rug pulled out from under them when interest rates ought to go up.

 

[Wolds Beef]

@jendan Thanks for your interest. The Lincoln Red is a Breed developed from and connected too the shorthorn breeds. In 1960 the 'shorthorn' bit of the title was dropped. In 1961 they started the first independently observed recording scheme that became the basis for MLC/signet recording services. The breed is known for its carcase quality having won several national competitions. It is a Productive easy care, modern suckler cow. (I have just finished calving and as luck would have it, I have not assisted in any calving or suckling this year.) Temperament wise they are known for there docility but you do get the odd one. I took a friend to a herd open day a few years ago, he had a commercial herd of mixed sucklers in Northamptonshire and he was amazed that a large herd of Lincolns just stood around us when we went to inspect them. Several herds are in the 'Pasture for Life' scheme because of there docility and quality.
WB
Sudbrooke Whiskey Mac my present stock bull.

 

[stewart]

It may not be the modern way but it flippin' well should be.

I run my finances like you but we end up being the mugs whose savings earn peanuts in the bank so that everyone who has over-extended themselves getting into debt for holidays, cars, phones, sofas, tvs etc doesn't have the rug pulled out from under them when interest rates ought to go up.

Low interest rates are in place to stimulate the economy, those that are buying cars, phones, tvs etc are doing just that. There will be a few who over extend themselves, not everyone will, the majority will have the ability to meet their monthly payments.
It is down to the individual how they choose to run their finances, full credit to you for running a business with little or no debt, I have always done the opposite, I have been debt free twice in my working life and to be honest I found it boring.

 

[Bald Rick]

@jendan Thanks for your interest. The Lincoln Red is a Breed developed from and connected too the shorthorn breeds. In 1960 the 'shorthorn' bit of the title was dropped. In 1961 they started the first independently observed recording scheme that became the basis for MLC/signet recording services. The breed is known for its carcase quality having won several national competitions. It is a Productive easy care, modern suckler cow. (I have just finished calving and as luck would have it, I have not assisted in any calving or suckling this year.) Temperament wise they are known for there docility but you do get the odd one. I took a friend to a herd open day a few years ago, he had a commercial herd of mixed sucklers in Northamptonshire and he was amazed that a large herd of Lincolns just stood around us when we went to inspect them. Several herds are in the 'Pasture for Life' scheme because of there docility and quality.
WB
Sudbrooke Whiskey Mac my present stock bull.

Out of interest @Wolds Beef have you come across a guy by the name of Roger Wardle? He was prominent in FWAG when it existed and had a herd of Lincolns iirc

 

[thewalrus]

My wife banned my mother in law from visiting our house! There’s one good thing

 

[Henarar]

Quiet roads

 

[Wolds Beef]

@Bald Rick Yes, he is just down the Road from me in Mavis Enderby. Went round his farm a few years ago. He also has some valley's he grazes with Lincoln Red's
WB

 

[manhill]

It may not be the modern way but it flippin' well should be.

I run my finances like you but we end up being the mugs whose savings earn peanuts in the bank so that everyone who has over-extended themselves getting into debt for holidays, cars, phones, sofas, tvs etc doesn't have the rug pulled out from under them when interest rates ought to go up.

But what can we do about it? Money under the mattress until banks pay interest?

 

[Lincsman]

But what can we do about it? Money under the mattress until banks pay interest?

It will be once negative interest gains more ground.

 

[delilah]

longest unbeaten run in history.