25 years old , 110 should i stay in Ireland

Jeremyr

What's happening AH


Long story short i'm 25 years old Male, my father died recently i got left his life savings (he had no property) of 28k and added to my life savings so i now have 110k and i'm getting sick of Ireland.


I only socialize once or twice per week so i'm not after an all out binge for a year, a career is important to me aswell.


I have an " ok " job, on 26-28k, single and no kids


Should i stay or should i go ( In talks with estate agent about buying property but i have itchy feet, very cold and itchy feet )

elefant

You saved 82 grand by the age of 25 :eek:

Jeremyr

LOL sorry about the title it should read " 25years old, 110k saved should i stay in Ireland "


Stupid phone

Fat Christy

How the hell do you have that much money saved at 25? Living at home?

Duff

I spent 82k by the age of 25.

Duggy747

You do know you'll have to tell us where the other 82 grand came from now :pac:

Specialun

Go find yourself a gold-digger

Champgane...sex and she will spend it for ya..just make sure to get value for it

5starpool

On a job less than 30k per year there is no way you would have organically saved 80k. Condolences on your father's death, but if his life savings amounted to 28k with no property, how do you have 3 times that saved by 25?

If you have managed to save that much in a few years why would you want to leave?

eamonnq

Go

DoYouEvenLift

What are your options abroad and what are your options in Ireland with regards to career? Also advice would depend on your qualifications/experience

kneemos

He's a good saver...mystery?

AnonoBoy

The cocaine business will start booming again soon. You should stay and make a fortune.







I'm presuming you sell cocaine.

GhostInTheRuins

Where are you thinking of going?

oceanman

definitely go...this country is getting more like a dictatorship every day!

Jeremyr

5starpool wrote: »

On a job less than 30k per year there is no way you would have organically saved 80k. Condolences on your father's death, but if his life savings amounted to 28k with no property, how do you have 3 times that saved by 25?

If you have managed to save that much in a few years why would you want to leave?

Worked offshore before my current job, i was earning alot more than i am atm

ghogie91

Get your own place, you will view life differently, with your savings you could turn it into a class house the way you want it. The outside world wont bother you once you have the 60 inch UHD screen projecting FiFa into your brain

Or build yourself a nice little gym in the house and use that, go to work, come home, gym it for about 90 mins, good feed and Fifa and movies for the night, Ideal situation for me that. Into work the next day, look busy and repeat :P

Also condolences on the passing of your father.

Kirby

5starpool wrote: »

On a job less than 30k per year there is no way you would have organically saved 80k. Condolences on your father's death, but if his life savings amounted to 28k with no property, how do you have 3 times that saved by 25?

If you have managed to save that much in a few years why would you want to leave?

Some people are more frugal than others. When I was 25, I worked in a job at 24k and by the end of the year had 8k in savings. In a year. I have no kids and no dependents and I haven't signed my life away to a mortgage. Rent is cheaper.

I didn't live on beans either, I bought the things I liked.... I just wasn't stupid. That 8k savings meant that when I lost my job, I had something to live on and didn't have to live off social welfare.

I know people who piss money away and no matter how much they earn, it will be spent and I know people who never put their hand in their pockets. We are all different so don't assume everybody else is the same as you financially.

While the amounts he claim are impressive, if you figure he has been working since he was 18, it's not an outlandish figure to have saved.

Pierce_1991

Jeremyr wrote: »

Worked offshore before my current job, i was earning alot more than i am atm

What was the job? Any openings?

everlast75

Considering you're probably wanted for bank robbery, I'd pack up and go

doolox

I recall many friends of mine who missed the social aspect of Ireland while abroad. Those include sports players and others involved in cultural aspects of life particular to Ireland. If you do not have any particular Irish interest or passion then a trip abroad could be feasible.

You already have experience abroad so you need to weigh up the pros and cons of such a move for yourself.

I assume you are single with no steady partner or ongoing desire to get one in Ireland for the forseeable future.

I assume that you job has easily transferable skills which can be used elsewhere.

If your German was any good I would say move to Austria as it is well ordered, rich, has low unemployment etc. Denmark would be another safe bet but has high taxes. The UK is not too bad but the wages are even lower than here and the rents are higher than Dublin as are transport and energy costs.

You need to get away from the cronyism, negative rubbish and lack of real working educated and effective democracy and society that typifies Ireland of today. I wish you all the luck in your endeavours.

imitation

Kirby wrote: »

Some people are more frugal than others. When I was 25, I worked in a job at 24k and by the end of the year had 8k in savings. In a year. I have no kids and no dependents and I haven't signed my life away to a mortgage. Rent is cheaper.

I didn't live on beans either, I bought the things I liked.... I just wasn't stupid. That 8k savings meant that when I lost my job, I had something to live on and didn't have to live off social welfare.

I know people who piss money away and no matter how much they earn, it will be spent and I know people who never put their hand in their pockets. We are all different so don't assume everybody else is the same as you financially.

While the amounts he claim are impressive, if you figure he has been working since he was 18, it's not an outlandish figure to have saved.

He'd have to save like 11k every year, thats a tall order for an 18 year old who'd probably be on a min wage, if you could even get a job that easily in past 7 years.

mikom

Jeremyr wrote: »

Long story short i'm 25 years old Male, my father died recently i got left his life savings (he had no property) of 28k and added to my life savings so i now have 110k and i'm getting sick of Ireland.

Fat Christy wrote: »

How the hell do you have that much money saved at 25? Living at home?

At home
Drawing pictures
Of mountain tops
With him on top

fedor.2.

oceanman wrote: »

definitely go...this country is getting more like a dictatorship every day!

Today I learned that some people have no idea what a dictatorship is

CINCLANTFLT

fedor.2. wrote: »

Today I learned that some people have no idea what a dictatorship is

You beat me to it... I have been making it my mission to educate the world on how Ireland is not all that bad... Doing it one taxi driver at a time!!!

suicide_circus

I'm not advising you until you tell us how you saved 82 grand by the age of 25

Don't Chute!

Please go, and take this guy with you.

oceanman wrote: »

definitely go...this country is getting more like a dictatorship every day!

Your thread as it stands is not that answerable OP. You speak of some discontent with Ireland - but it is not clear what the source of that discontent actually is. Therefore it is impossible to know whether a move would be a good thing for you.

A lot of people have sources of discontent and they try a move - only to eventually find - when a lot of time and money has been wasted in the discovery - that the same factors exist there as existed here and the same discontent resurfaces after the nice period of things being different.

While others do move and never come back - their particular brand of discontent having actually been cured by the move.

So perhaps the first step for you would be some mindful introspection as to the source - causes - forms of your discontent - and from there formulate an idea on what it is you would actually be seeking if you were to up and leave for another place.

Whether a move is right for you at this time or not you can work out from there - but certainly with your current freedom and financial situation - now is certainly the time to be asking these questions and formulating a way forward.

anncoates

Tricky one, to be fair.

If you go, there could be trouble but if you stay it could be double.

kylith

Buy property, rent it out, use that to fund your travels

Jeremyr

kylith wrote: »

Buy property, rent it out, use that to fund your travels

Very viable option

Sherlof3

Hi apologies on your father's passing. Would you consider studying for an MBA? There are some excellent options in Smurfit - or as you have the money would it be an option to look at some of the Ivy League in the states? You might still need to look for a scholarship as the fees are huge.

Where do you see yourself in ten years, in twenty years? What are the skill gaps you have? If you decide you want to run Bank of Ireland by the time you're fifty - what do you need to do now?

I would take a long hard look at where you need to be and set some goals! Don't mind all of these negative nellys and cynical sallys!

If anyone can get work offshore, take it!!! Accommodation, food and travel are paid for. Usually you work a minimum of 21 days then 7 days off (sometimes paid). Depending on the job you can work 7 or 8 weeks without a day off.

With nothing to spend the money on and I'm guessing he was paid in sterling, the OP could easily have £60k saved over 2 years. That's around €80k euro on today's rate.

bucketybuck

kneemos wrote: »

He's a good saver...mystery?

Yes, its a mystery, because of mathematics.

the_syco

imitation wrote: »

He'd have to save like 11k every year, thats a tall order for an 18 year old who'd probably be on a min wage, if you could even get a job that easily in past 7 years.

He worked offshore. The jobs tend to pay well, and give you free accommodation.

daRobot

Sorry for the loss of your father OP.

I'd advise you to set aside 10k and go travelling for a year. You'll have a much better idea if living in Ireland appeals to you after that.

wuffly

Sorry about your dad OP.
I think if I were in your shoes I would head off traveling for a year with 10k. You could put the majority of the rest in a capital guaranteed bond/fixed account for a year and leave a bit in a savings account in case of emergency etc. After a year away you might have a better idea of what you want to do career wise or even where you want to live. Lots of options career wise with offshore experience, safety is always good, companies are always looking for good people. The NEBOSH cert isn't too expensive or time consuming and a good start, companies will often pay for the diploma once you are in.

jamesbere

I'd agree with a few of the above, go travelling. A year or 2 around the world and you would get a taste of other cultures. It's a great opportunity with the money you have and your young as well with nothing tying you down also.

m5ex9oqjawdg2i

OP, please... for the love of god, move.

Sorry to hear about the loss of your dad, but life will go on. Make sure you are not contemplating moving because of his passing. You might be doing it for the wrong reasons and in the end hate it.

Stick about 80-90K of that money in a notice deposit account or some other low(no) risk investment which you cannot touch for the next 12-24 months. Take the remainder and tour the world. Pick all the countries you would like to see and just do it.

Anything could happen over the next years. You could pass away (sorry for being morbid), there could be another recessions, the Euro could devalue and your money may not be worth as much. I dunno, I am not economic expert.

I just know that if I had the money you had I would travel. You don't have to travel in style either, be comfortable but don't blow it.

Don't even worry about a job, you will get one again. F it, you might even settle down abroad and be incredibly happy.

FYI, I am leaving my 50K a job, no expenses (no rent, car loan paid off) to live abroad. I don't have as much as you, but I can live comfortably for a couple of years. If all that comes of it is an experience and a second language, hell... i'll be bloody happy

sheesh

op you have a good amount of money behind you so you could definitely try it so long as you get a job where ever you are going you will not be loosing much and that's worse case scenario you are at good age to travel too so go for it.
pay a financial adviser to give you advice on what to do with the main part of your money while gone keep between 10-20 grand in cash in case of emergencies while away. I like Ireland but it is good to see other places too. unless your current job is offering some sort of good career track. I would go.

Cee-Jay-Cee

You have managed to save 82k by the age of 25 on a mediocre salary job.

You should go into banking, they'd love you.

BeerWolf

Fat Christy wrote: »

How the hell do you have that much money saved at 25? Living at home?

Well, my Dad gave me €300k while I was in Uni, both for pay towards and as a gift for doing well, so...

:pac:

Stench Blossoms

Between this and the amount of times you've mentioned your savings in the Accommodation forum I'm starting to think you're either trolling or a show off.

WoollyRedHat

Are you a musician? Build a cabin in the woods, come back 9 months later, and you'lll be famous, my my my.

Tasden

Stench Blossoms wrote: »

Between this and the amount of times you've mentioned your savings in the Accommodation forum I'm starting to think you're either trolling or a show off.

Oh it's that guy! Yeah op fair play for saving so much but you sure do like to go on about it

obsidianclock

elefant wrote: »

You saved 82 grand by the age of 25 :eek:

Agreed, very impressive!

ZiabR

BeerWolf wrote: »

Well, my Dad gave me €300k while I was in Uni, both for pay towards and as a gift for doing well, so...

:pac:

Sorry... what? Please explain more

circadian

Travelling for over 6 months straight done me the world of good. Up until that point I was unsure of what to do with myself, but afterwards I felt refreshed and had a clear vision of what I wanted in life.

You could also emigrate temporarily to see how you get on somewhere else. A gap year to Canada/Oz etc

mad m

Put it all on Black!

obsidianclock

5starpool wrote: »

On a job less than 30k per year there is no way you would have organically saved 80k. Condolences on your father's death, but if his life savings amounted to 28k with no property, how do you have 3 times that saved by 25?

If you have managed to save that much in a few years why would you want to leave?

Is it so unbelievable?

If someone were to start working at 16 and saved an average of 800 Euros a month, they'd have roughly this amount by age 25.

Assume our friend here was living rent free with family until the death of his father and they weren't charging for food or utilities, this is entirely feasible!

This is also irrespective of any donations made by kind family and friends, and also for all we know the OP made money on the back of his savings e.g through investments or reselling.

Greenmachine

obsidianclock wrote: »

Is it so unbelievable?

If someone were to start working at 16 and saved an average of 800 Euros a month, they'd have roughly this amount by age 25.

Assume our friend here was living rent free with family until the death of his father and they weren't charging for food or utilities, this is entirely feasible!

This is also irrespective of any donations made by kind family and friends, and also for all we know the OP made money on the back of his savings e.g through investments or reselling.

If they started working at 16?

Young people aged under 18 are only guaranteed up to 70% of the national minimum wage which is €6.06 per hour

Just to earn that much at 16 would require working 132 hours a month. Would be highly surprised if there were many 16 years being paid much more than the statutory minimum wage for their age.
Wishful thinking on the part of a lot of posters, to think someone could save so much in such a short time, on particularly low wages. Deluded thinking really, spurred by, I would have 20% deposit now if only, I had.....

The Backwards Man

Some jobs pay hell of a lot more than minimum wage, even to teenagers. Some of us had to cut our teeth the hard way.