Sort of a Straw Poll

All of Us probably know how much machinery and tools have appreciated in the last 20 years or so, these might be a good investment for the future. Worth a punt although I am not planning to fill up the back forty to find out. Use them,take care of them, and enjoy them. Till You break a drill bit or a tap off and have to invent new words.

people keep telling me I can't take it with me. If that is the case I'm not ******* going!

I spent a ridiculous amount on a Ftype & a Ducati motorcycle cause I wanted to. I am in my late 60's & just want to enjoy my lifes work in retirement. I overheard my daughter one night talking to me son. Saying dad is spending all our inheritance. What the fffff is all that about. I think the kids today think about money more than we did back then. I never expected a penny from my parents when they passed. Although I did get some, I had no idea they had anything & the last thing I ever expected was money from someone's passing.

The kids today eh.

Steve.

Saying dad is spending all our inheritance. What the fffff is all that about.

Quite agree. Especially if we started out with nothing and have managed to accumulate some sort of “wealth” (ie money in the bank, or wherever).

For many, there will be a residence bought and paid for - possibly in times of 15% interest rates - left to be shared by the offspring. Perhaps if some of the youngsters did not spend all their income (and beyond) - with credit card debts, cars on a ‘never own’ basis, mobile phones that go out of fashion regularly, trendy short term clothing and weekly clubbing visits - they might not need an inheritance to get themselves out of debt.🙂.

The kids of today, eh.

If kids have their eyes on an inheritance then life will probably play the carehome joker, you may as well spend it and enjoy it before the carehome get it.

Mike

I think the new phrase should be ...you covid dodgers want......

Pete

I haven't got any kids ( as far as I know ) Why do they think they are entitled to an inheritance ?

Roy  ( 86 and still going )

Edited By roy entwistle on 14/05/2020 09:47:21

Whilst thoroughly in favour of spending my money on me, it is worth understanding how the world looks to young people.

My parent's morale was boosted by winning WW2 and I was brought up whilst the British economy was booming. For 70 years everything has gradually got better: more pay, cars, home-ownership, modern kitchens, central heating, TV, cheap food, NHS. As Supermac famously remarked, 'You've Never Had it So Good'. Mr MacMillan knew what he was talking about; his perspective included being wounded 3 times in the Great War, the collapse of Monarchies, Facism, Communism,the Great Depression and WW2.

The world young people face isn't our world. When I was at school, there were plenty of undeveloped natural resources - room to expand. There were about 2.5 billion people alive in 1950. Now the population is nearly 8 billion and most of the inhabitable world is developed. There's a long list of strategic materials that have been fully exploited and are about to become very expensive or - like Helium - unobtainium.

Youngsters don't have a high opinion of us. They see a greedy, short-sighted, ignorant shower who blew the world's wealth on a giant party with no thought for what happens next. We assume our fortunate experience of the game of life will carry on for ever, despite history showing that nothing lasts. They think Baby Boomers have thoughtlessly consumed resources essential to the future and polluted the planet so badly that climate change is triggering extreme weather. They see stagnating economies, a host of major problems, opportunities falling away, and no clear way forward. Today it's much harder in the UK for youngsters to buy a house than when I started, plus massive job uncertainty, rising fuel costs, and pandemics. Youth fear the future will be much tougher than our generation can comprehend. That's why they worry, and for many young adults, the only reliable source of wealth is their parents and grand-parents.

Still spending my money on toys, but I try to do it discretely!

Dave

LOL. I am A SKIN Spending the Kids Inheritance Now

As my children have done well for themselves I would not like to saddle them with disposing of my hobby equipment and getting ripped-off so I decided leave it to my model club who could value and sell off the gear for realistic prices.

In return the club gets to keep 50% of the proceeds. Balance to my family (less costs for my wake).

Club readily agreed, club treasurer has a naughty gleam in his eyes though.

* Danny M *

.

Freudian slip, Dave ?

... or a clever pun ?

MichaelG.

I wish I was clever!

Dave

Perhaps there are too many of you hanging on to your toys. I think it is particularly important that you do not hang on to your Boxford or Alba shaper too long. Your children will have no idea what it is so get rid of it at scrap value in a month or two.

Hi All,

Many thanks for all your replies and advice. I am confident that I might have another 10 to 15 years in my workshop; just got to shift out of armchair engineer mode and make every day count.

My lad was a bit hurt that I painted him in possibly an oppressive mercenary light Money doesn't figure in his longer term view - fortunately not necessary 8^). His main imperative is to protect me from myself. I am an enthusiast of "retail therapy" and the postman's bell or Amazon knock brightens my week. Hence my need to sound out your collective expertise on the consideration of new ironmongery.

btw I've just ordered some compound imperial/metric changewheels for the Myford so my deliberations have some miles to run yet ; roll on this virus disappearing!

Best Wishes, Les

Apart from model engineering one of my other hobbies is clay pigeon shooting, on the wall of our clubhouse is a very relevant cartoon which says, “When anything happens to me I worry that my wife will sell my guns for what I told her I paid for them”.
Dave W