how much money do i need????
#16
Re: how much money do i need????
I do take exception with the suggestion that this is in some way a "game" to follow this route. George, you may well be rich enough to invest the money required to get visas, make recce visits and move half way around the world in a game, but I'm not. This is a big commitment to me and to use it as an opportunity to make a substantial difference to my retirement fund so that I can enjoy my life (the fact it's a safety net is a bonus) more a little further down the line is probably the most serious thing I'll ever do. Feel free to doubt whether this method is a good way of doing things (and if you're not in a position where you have the time on your side to save a bit and pay off the full term of a mortgage, I agree it probably isn't), but don't ever question my commitment to this move and making it work. And who said anything about struggling? If you read my first post properly you'll see that the advice was to bring enough to get you properly set-up and then live within the means that you have?
Simonsi - I don't understand how ringfencing capital gain as part of a retirement plan or similar can be nonsense? Even if Immi NZ had said "no way cancer boy" then we would still be moving in the UK. But while we would take our money out of the house, any capital gain would definitely be used for a deposit on a rental property to form part of a later life stash. The scale of our next move would then be governed by what we'd managed to save for a deposit "top up" and capped by the ability of one of our monthly earnings to pay for bills and mortgage?
Last edited by teeym; Apr 16th 2010 at 2:40 pm.
#17
Re: how much money do i need????
Simonsi - I don't understand how ringfencing capital gain as part of a retirement plan or similar can be nonsense? Even if Immi NZ had said "no way cancer boy" then we would still be moving in the UK. But while we would take our money out of the house, any capital gain would definitely be used for a deposit on a rental property to form part of a later life stash. The scale of our next move would then be governed by what we'd managed to save for a deposit "top up" and capped by the ability of one of our monthly earnings to pay for bills and mortgage?
I haven´t come across anyone who, midlife, cashes in or ringfences their capital gains to that point and restarts in such a way as it normally doesn´t make any sense. All things being equal you end up borrowing capital you have already invested elsewhere...
#18
Re: how much money do i need????
Anyway - weekend now. Enough of this serious money talk, time for
Last edited by teeym; Apr 16th 2010 at 4:30 pm. Reason: my spelling is rubbish
#19
Joined: Apr 2010
Posts: 117
Re: how much money do i need????
TEEYM
We have been speaking to a couple of people who have come back from NZ and West Island and both have given us the same bit of advice - take as little with you as possible! By all means take enough to get you on your feet and set up as grantandebs recommend, but if it is going to be a "new life" then make sure it is just that and is capable of being completely self funding. Ring-fence any surplus cash you have in the UK either by keeping property or investing it in other ways and forget you ever had it
You wrote the above to which I replied and to which none of I agree with.
Sorry but to come here thinking that by bringing as "little as possible" is going to help you in the settling in process is in my opinion "playing a game".
Sorry to say that no i'm not loaded and for us the thought of leaving a 'slush fund/anti risk/what if fund' back in the UK was not an option as when all sold said and done we had just 30k uk pounds which back then gave us $75knz to bring here.
That was a nice start for us but we spent it all setting ourselfs up with a $320k mortgage car etc etc. I can tell you that had we been able to bring more over and buy outright or have a bigger deposit that our life here would be so much easier. By your method we should be settling in way better having a big mortgage paying 7% interest on that and so on.
Your idea is total tosh sorry but it is. In the real world who would struggle to 'make it work' when making it work in a new country is hard enough as it is in the first place.Those are the ideas of a person who knows that if they do it your way they can dip their toes in the water knowing they can allways bail out which IMO leads to the chance that at the first sign of a struggle settling in rather than push on and get on with it you bail.
Nobody said moving here would be easy it's a totaly different country not an english speaking UK Ttwin.
As for the having to go back for family reasons well sorry call me a selfish bastard but I moved here with 'my family' thats 'my' four daughters and wife.
I have mum,dad in the UK in their 70's who will not fly out here ever.
Growing up they made their choices in life such as where to live,what to do with us as kids,holidays we took and so on.
That was their life and now i'm living mine.My eye is firmly on my childrens future and what is best for them.If my parents were ill and needed full time care then sorry but I wouldnt up sticks and return death,illness or whatever.
Harsh in some eyes but again I have my eye on my familys future.
So horses for courses and all opinions welcome.
george
We have been speaking to a couple of people who have come back from NZ and West Island and both have given us the same bit of advice - take as little with you as possible! By all means take enough to get you on your feet and set up as grantandebs recommend, but if it is going to be a "new life" then make sure it is just that and is capable of being completely self funding. Ring-fence any surplus cash you have in the UK either by keeping property or investing it in other ways and forget you ever had it
You wrote the above to which I replied and to which none of I agree with.
Sorry but to come here thinking that by bringing as "little as possible" is going to help you in the settling in process is in my opinion "playing a game".
Sorry to say that no i'm not loaded and for us the thought of leaving a 'slush fund/anti risk/what if fund' back in the UK was not an option as when all sold said and done we had just 30k uk pounds which back then gave us $75knz to bring here.
That was a nice start for us but we spent it all setting ourselfs up with a $320k mortgage car etc etc. I can tell you that had we been able to bring more over and buy outright or have a bigger deposit that our life here would be so much easier. By your method we should be settling in way better having a big mortgage paying 7% interest on that and so on.
Your idea is total tosh sorry but it is. In the real world who would struggle to 'make it work' when making it work in a new country is hard enough as it is in the first place.Those are the ideas of a person who knows that if they do it your way they can dip their toes in the water knowing they can allways bail out which IMO leads to the chance that at the first sign of a struggle settling in rather than push on and get on with it you bail.
Nobody said moving here would be easy it's a totaly different country not an english speaking UK Ttwin.
As for the having to go back for family reasons well sorry call me a selfish bastard but I moved here with 'my family' thats 'my' four daughters and wife.
I have mum,dad in the UK in their 70's who will not fly out here ever.
Growing up they made their choices in life such as where to live,what to do with us as kids,holidays we took and so on.
That was their life and now i'm living mine.My eye is firmly on my childrens future and what is best for them.If my parents were ill and needed full time care then sorry but I wouldnt up sticks and return death,illness or whatever.
Harsh in some eyes but again I have my eye on my familys future.
So horses for courses and all opinions welcome.
george
#20
Re: how much money do i need????
TEEYM
We have been speaking to a couple of people who have come back from NZ and West Island and both have given us the same bit of advice - take as little with you as possible! By all means take enough to get you on your feet and set up as grantandebs recommend, but if it is going to be a "new life" then make sure it is just that and is capable of being completely self funding. Ring-fence any surplus cash you have in the UK either by keeping property or investing it in other ways and forget you ever had it
You wrote the above to which I replied and to which none of I agree with.
Sorry but to come here thinking that by bringing as "little as possible" is going to help you in the settling in process is in my opinion "playing a game".
Sorry to say that no i'm not loaded and for us the thought of leaving a 'slush fund/anti risk/what if fund' back in the UK was not an option as when all sold said and done we had just 30k uk pounds which back then gave us $75knz to bring here.
That was a nice start for us but we spent it all setting ourselfs up with a $320k mortgage car etc etc. I can tell you that had we been able to bring more over and buy outright or have a bigger deposit that our life here would be so much easier. By your method we should be settling in way better having a big mortgage paying 7% interest on that and so on.
Your idea is total tosh sorry but it is. In the real world who would struggle to 'make it work' when making it work in a new country is hard enough as it is in the first place.Those are the ideas of a person who knows that if they do it your way they can dip their toes in the water knowing they can allways bail out which IMO leads to the chance that at the first sign of a struggle settling in rather than push on and get on with it you bail.
Nobody said moving here would be easy it's a totaly different country not an english speaking UK Ttwin.
As for the having to go back for family reasons well sorry call me a selfish bastard but I moved here with 'my family' thats 'my' four daughters and wife.
I have mum,dad in the UK in their 70's who will not fly out here ever.
Growing up they made their choices in life such as where to live,what to do with us as kids,holidays we took and so on.
That was their life and now i'm living mine.My eye is firmly on my childrens future and what is best for them.If my parents were ill and needed full time care then sorry but I wouldnt up sticks and return death,illness or whatever.
Harsh in some eyes but again I have my eye on my familys future.
So horses for courses and all opinions welcome.
george
We have been speaking to a couple of people who have come back from NZ and West Island and both have given us the same bit of advice - take as little with you as possible! By all means take enough to get you on your feet and set up as grantandebs recommend, but if it is going to be a "new life" then make sure it is just that and is capable of being completely self funding. Ring-fence any surplus cash you have in the UK either by keeping property or investing it in other ways and forget you ever had it
You wrote the above to which I replied and to which none of I agree with.
Sorry but to come here thinking that by bringing as "little as possible" is going to help you in the settling in process is in my opinion "playing a game".
Sorry to say that no i'm not loaded and for us the thought of leaving a 'slush fund/anti risk/what if fund' back in the UK was not an option as when all sold said and done we had just 30k uk pounds which back then gave us $75knz to bring here.
That was a nice start for us but we spent it all setting ourselfs up with a $320k mortgage car etc etc. I can tell you that had we been able to bring more over and buy outright or have a bigger deposit that our life here would be so much easier. By your method we should be settling in way better having a big mortgage paying 7% interest on that and so on.
Your idea is total tosh sorry but it is. In the real world who would struggle to 'make it work' when making it work in a new country is hard enough as it is in the first place.Those are the ideas of a person who knows that if they do it your way they can dip their toes in the water knowing they can allways bail out which IMO leads to the chance that at the first sign of a struggle settling in rather than push on and get on with it you bail.
Nobody said moving here would be easy it's a totaly different country not an english speaking UK Ttwin.
As for the having to go back for family reasons well sorry call me a selfish bastard but I moved here with 'my family' thats 'my' four daughters and wife.
I have mum,dad in the UK in their 70's who will not fly out here ever.
Growing up they made their choices in life such as where to live,what to do with us as kids,holidays we took and so on.
That was their life and now i'm living mine.My eye is firmly on my childrens future and what is best for them.If my parents were ill and needed full time care then sorry but I wouldnt up sticks and return death,illness or whatever.
Harsh in some eyes but again I have my eye on my familys future.
So horses for courses and all opinions welcome.
george
I am like you G. I am 51 now and grown up and big enough to make my own decisions. I too would not return for the death of a rellie..or for any other reason other than if I wanted to go for my benefit and my immediate familiy's benefit. Likewise I would expect no one from the UK to come see me on my death bed. They don't come and see me when I am fit and well what would be the point of seeing me snuffing it? I am not into that type of decorum that dictates you MUST attend a close rellies funeral or death bed. Were I in the same hemisphere of course I would. But with 3 small kids just jetting off on a 26k mile round trip cos some one has snuffed it aint going to happen. Kate would do it at the drop of a hat. Horses for course aye?